JAN MOESKOPS: what changed
Two financial 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.
JAN MOESKOPS
Largest movements
- Receivables within one year -€78,987
down €78,987 (-71.3%), from €110,849 to €31,862
of which Trade receivables: -€83,871
- Cash +€47,661
up €47,661 (+68.1%), from €69,937 to €117,598
mainly Receivables within one year (+€78,987) and Debts after one year (+€22,368)
- Tangible fixed assets +€34,138
up €34,138 (+2,741%), from €1,246 to €35,384
of which Leasing and similar rights: +€30,539
- Stocks and contracts +€23,061
up €23,061 (+165%), from €13,997 to €37,058
of which Contracts in progress: +€22,332
- Debts after one year +€22,368
new in 2025: €22,368
- Trade debts -€11,635
down €11,635 (-49.1%), from €23,706 to €12,071
- Current portion of long-term debt +€7,453
new in 2025: €7,453
- Reserves +€6,848
up €6,848 (+4.8%), from €142,985 to €149,833
- Gross operating margin -€44,414
down €44,414 (-75.7%), from €58,664 to €14,250
- Taxes -€15,966
down €15,966 (-88.1%), from €18,114 to €2,148
- Depreciation +€1,935
up €1,935 (+421%), from €459 to €2,394
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.
Derived cash bridge
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 | €197,002 | €222,769 | +€25,767 | +13.1% |
| Fixed assets | 21/28 | €1,246 | €35,384 | +€34,138 | +2,741% |
| Tangible fixed assets | 22/27 | €1,246 | €35,384 | +€34,138 | +2,741% |
| Plant, machinery and equipment | 23 | €1,246 | €856 | -€390 | -31.3% |
| Furniture and vehicles | 24 | - | €3,989 | +€3,989 | |
| Leasing and similar rights | 25 | - | €30,539 | +€30,539 | |
| Current assets | 29/58 | €195,756 | €187,385 | -€8,371 | -4.3% |
| Stocks and contracts in progress | 3 | €13,997 | €37,058 | +€23,061 | +165% |
| Stocks | 30/36 | €13,997 | €14,726 | +€729 | +5.2% |
| Contracts in progress | 37 | - | €22,332 | +€22,332 | |
| Amounts receivable within one year | 40/41 | €110,849 | €31,862 | -€78,987 | -71.3% |
| Trade receivables | 40 | €106,283 | €22,412 | -€83,871 | -78.9% |
| Other amounts receivable | 41 | €4,567 | €9,451 | +€4,884 | +107% |
| Cash at bank and in hand | 54/58 | €69,937 | €117,598 | +€47,661 | +68.1% |
| Deferred charges and accrued income | 490/1 | €973 | €866 | -€106 | -10.9% |
| Total equity and liabilities | 10/49 | €197,002 | €222,769 | +€25,767 | +13.1% |
| Equity | 10/15 | €155,485 | €162,333 | +€6,848 | +4.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €142,985 | €149,833 | +€6,848 | +4.8% |
| Distributable reserves | 133 | €142,985 | €149,833 | +€6,848 | +4.8% |
| Amounts payable | 17/49 | €41,517 | €60,436 | +€18,919 | +45.6% |
| Amounts payable after more than one year | 17 | - | €22,368 | +€22,368 | |
| Financial debts | 170/4 | - | €22,368 | +€22,368 | |
| Amounts payable within one year | 42/48 | €40,133 | €36,748 | -€3,385 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,453 | +€7,453 | |
| Trade debts | 44 | €23,706 | €12,071 | -€11,635 | -49.1% |
| Suppliers | 440/4 | €23,706 | €12,071 | -€11,635 | -49.1% |
| Taxes, remuneration and social security | 45 | €9,093 | €10,439 | +€1,346 | +14.8% |
| Taxes | 450/3 | €7,066 | €8,412 | +€1,346 | +19.0% |
| Remuneration and social security | 454/9 | €2,027 | €2,027 | = | 0.0% |
| Other amounts payable | 47/48 | €7,334 | €6,784 | -€550 | -7.5% |
| Accrued charges and deferred income | 492/3 | €1,383 | €1,320 | -€63 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459 | €2,394 | +€1,935 | +421% |
| Other operating charges | 640/8 | €1,981 | €1,787 | -€193 | -9.8% |
| Non-recurring operating charges | 66A | - | €620 | +€620 | |
| Gross operating margin | 9900 | €58,664 | €14,250 | -€44,414 | -75.7% |
| Operating profit (loss) | 9901 | €56,224 | €9,449 | -€46,775 | -83.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +33.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +33.3% |
| Financial charges | 65/66B | €40 | €453 | +€413 | +1,025% |
| Recurring financial charges | 65 | €40 | €453 | +€413 | +1,025% |
| Profit (loss) for the period before taxes | 9903 | €56,184 | €8,996 | -€47,187 | -84.0% |
| Income taxes | 67/77 | €18,114 | €2,148 | -€15,966 | -88.1% |
| Profit (loss) for the period | 9904 | €38,070 | €6,848 | -€31,222 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,070 | €6,848 | -€31,222 | -82.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.