HET MOEDERSCHIP: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HET MOEDERSCHIP
Largest movements
- Receivables within one year +€41,087
up €41,087 (+24.8%), from €165,343 to €206,430
of which Trade receivables: +€40,789
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€6,516
up €6,516, from -€4,715 to €1,801
- Financial charges +€413
up €413 (+1482.5%), from €28 to €441
- Other operating charges +€151
up €151 (+14.3%), from €1,055 to €1,206
From the 31-12-2024 result to the 31-12-2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,429,723 | €2,446,845 | +€17,122 | +0.7% |
| Fixed assets | 21/28 | €2,239,054 | €2,239,054 | = | 0.0% |
| Financial fixed assets | 28 | €2,239,054 | €2,239,054 | = | 0.0% |
| Current assets | 29/58 | €190,669 | €207,792 | +€17,122 | +9.0% |
| Amounts receivable within one year | 40/41 | €165,343 | €206,430 | +€41,087 | +24.8% |
| Trade receivables | 40 | €165,343 | €206,132 | +€40,789 | +24.7% |
| Other amounts receivable | 41 | €0 | €298 | +€298 | |
| Cash at bank and in hand | 54/58 | €24,940 | €976 | -€23,965 | -96.1% |
| Deferred charges and accrued income | 490/1 | €386 | €386 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,429,723 | €2,446,845 | +€17,122 | +0.7% |
| Equity | 10/15 | €2,256,260 | €2,256,414 | +€153 | 0.0% |
| Contributions | 10/11 | €2,330,808 | €2,330,808 | = | 0.0% |
| Capital | 10 | €2,330,808 | €2,330,808 | = | 0.0% |
| Issued capital | 100 | €2,330,808 | €2,330,808 | = | 0.0% |
| Reserves | 13 | €106,580 | €106,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €106,580 | €106,580 | = | 0.0% |
| Legal reserve | 130 | €106,580 | €106,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,128 | -€180,975 | +€153 | +0.1% |
| Amounts payable | 17/49 | €173,463 | €190,431 | +€16,969 | +9.8% |
| Amounts payable within one year | 42/48 | €173,463 | €190,431 | +€16,969 | +9.8% |
| Trade debts | 44 | €105,842 | €123,198 | +€17,356 | +16.4% |
| Suppliers | 440/4 | €105,842 | €123,198 | +€17,356 | +16.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €387 | €0 | -€387 | -100.0% |
| Taxes | 450/3 | €387 | €0 | -€387 | -100.0% |
| Other amounts payable | 47/48 | €67,233 | €67,233 | = | 0.0% |
| Other operating charges | 640/8 | €1,055 | €1,206 | +€151 | +14.3% |
| Gross operating margin | 9900 | -€4,715 | €1,801 | +€6,516 | |
| Operating profit (loss) | 9901 | -€5,770 | €595 | +€6,365 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €28 | €441 | +€413 | +1482.5% |
| Recurring financial charges | 65 | €28 | €441 | +€413 | +1482.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,798 | €153 | +€5,952 | |
| Profit (loss) for the period | 9904 | -€5,798 | €153 | +€5,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,798 | €153 | +€5,952 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.