J. MOELANS: 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.
J. MOELANS
Largest movements
- Tangible fixed assets -€7,456
down €7,456 (-5.1%), from €145,224 to €137,768
of which Other tangible fixed assets: -€7,368
- Receivables within one year +€4,655
up €4,655 (+3.2%), from €144,426 to €149,080
- Deferred charges and accrued income -€4,655
down €4,655 (-100.0%), from €4,655 to €0
- Other debts -€10,150
down €10,150 (-8.0%), from €127,319 to €117,169
- Financial income -€4,655
down €4,655 (-100.0%), from €4,655 to €0
- Gross operating margin -€3,262
down €3,262 (-20.2%), from €16,114 to €12,852
- Financial charges -€205
down €205 (-66.0%), from €311 to €106
- Other operating charges +€187
up €187 (+5.8%), from €3,217 to €3,404
From the 2024 result to the 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,102 | €292,984 | -€8,118 | -2.7% |
| Fixed assets | 21/28 | €145,224 | €137,768 | -€7,456 | -5.1% |
| Tangible fixed assets | 22/27 | €145,224 | €137,768 | -€7,456 | -5.1% |
| Land and buildings | 22 | €61,015 | €60,926 | -€88 | -0.1% |
| Other tangible fixed assets | 26 | €84,209 | €76,841 | -€7,368 | -8.7% |
| Current assets | 29/58 | €155,878 | €155,216 | -€661 | -0.4% |
| Amounts receivable within one year | 40/41 | €144,426 | €149,080 | +€4,655 | +3.2% |
| Other amounts receivable | 41 | €144,426 | €149,080 | +€4,655 | +3.2% |
| Cash at bank and in hand | 54/58 | €6,797 | €6,136 | -€661 | -9.7% |
| Deferred charges and accrued income | 490/1 | €4,655 | €0 | -€4,655 | -100.0% |
| Total equity and liabilities | 10/49 | €301,102 | €292,984 | -€8,118 | -2.7% |
| Equity | 10/15 | -€79,138 | -€77,252 | +€1,886 | +2.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,638 | -€148,752 | +€1,886 | +1.3% |
| Amounts payable | 17/49 | €380,239 | €370,236 | -€10,003 | -2.6% |
| Amounts payable after more than one year | 17 | €252,884 | €252,884 | = | 0.0% |
| Financial debts | 170/4 | €252,884 | €252,884 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,319 | €117,352 | -€9,967 | -7.8% |
| Trade debts | 44 | - | €183 | +€183 | |
| Suppliers | 440/4 | - | €183 | +€183 | |
| Other amounts payable | 47/48 | €127,319 | €117,169 | -€10,150 | -8.0% |
| Accrued charges and deferred income | 492/3 | €36 | €0 | -€36 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,456 | €7,456 | = | 0.0% |
| Other operating charges | 640/8 | €3,217 | €3,404 | +€187 | +5.8% |
| Gross operating margin | 9900 | €16,114 | €12,852 | -€3,262 | -20.2% |
| Operating profit (loss) | 9901 | €5,441 | €1,991 | -€3,450 | -63.4% |
| Financial income | 75/76B | €4,655 | €0 | -€4,655 | -100.0% |
| Recurring financial income | 75 | €4,655 | €0 | -€4,655 | -100.0% |
| Financial charges | 65/66B | €311 | €106 | -€205 | -66.0% |
| Recurring financial charges | 65 | €311 | €106 | -€205 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €9,785 | €1,886 | -€7,900 | -80.7% |
| Profit (loss) for the period | 9904 | €9,785 | €1,886 | -€7,900 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,785 | €1,886 | -€7,900 | -80.7% |
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 4 October 2026 via checked.be.