JEROME MOOR: 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.
JEROME MOOR
Largest movements
- Tangible fixed assets +€32,947
up €32,947 (+67.8%), from €48,578 to €81,525
of which Land and buildings: +€39,600
- Cash -€3,881
down €3,881 (-27.5%), from €14,126 to €10,244
mainly Investment in fixed assets (net) (-€58,002) and Tax, wage and social debts (-€13,754)
- Formation expenses +€1,856
new in 2025: €1,856
- Debts after one year +€27,915
up €27,915 (+201%), from €13,915 to €41,831
- Reserves +€14,120
up €14,120 (+19.7%), from €71,664 to €85,784
- Tax, wage and social debts -€13,754
down €13,754 (-45.3%), from €30,358 to €16,604
- Current portion of long-term debt +€3,707
up €3,707 (+66.3%), from €5,587 to €9,294
- Trade debts -€1,932
down €1,932 (-90.0%), from €2,148 to €215
- Depreciation +€9,787
up €9,787 (+70.2%), from €13,949 to €23,736
- Gross operating margin +€3,667
up €3,667 (+8.7%), from €42,283 to €45,950
- Taxes -€2,117
down €2,117 (-25.9%), from €8,160 to €6,044
- Financial charges +€1,290
up €1,290 (+123%), from €1,045 to €2,335
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 | €128,949 | €159,374 | +€30,425 | +23.6% |
| Formation expenses | 20 | - | €1,856 | +€1,856 | |
| Fixed assets | 21/28 | €50,046 | €82,457 | +€32,411 | +64.8% |
| Intangible fixed assets | 21 | €1,367 | €831 | -€536 | -39.2% |
| Tangible fixed assets | 22/27 | €48,578 | €81,525 | +€32,947 | +67.8% |
| Land and buildings | 22 | - | €39,600 | +€39,600 | |
| Plant, machinery and equipment | 23 | €10,027 | €7,661 | -€2,366 | -23.6% |
| Furniture and vehicles | 24 | €21,931 | €13,669 | -€8,262 | -37.7% |
| Other tangible fixed assets | 26 | €16,620 | €20,594 | +€3,975 | +23.9% |
| Financial fixed assets | 28 | €102 | €102 | = | 0.0% |
| Current assets | 29/58 | €78,903 | €75,062 | -€3,842 | -4.9% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Trade receivables | 290 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,189 | €2,789 | -€1,400 | -33.4% |
| Stocks | 30/36 | €4,189 | €2,789 | -€1,400 | -33.4% |
| Amounts receivable within one year | 40/41 | €19,234 | €20,710 | +€1,476 | +7.7% |
| Trade receivables | 40 | €18,031 | €19,719 | +€1,688 | +9.4% |
| Other amounts receivable | 41 | €1,203 | €991 | -€212 | -17.6% |
| Cash at bank and in hand | 54/58 | €14,126 | €10,244 | -€3,881 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,354 | €1,318 | -€36 | -2.7% |
| Total equity and liabilities | 10/49 | €128,949 | €159,374 | +€30,425 | +23.6% |
| Equity | 10/15 | €74,664 | €88,784 | +€14,120 | +18.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,664 | €85,784 | +€14,120 | +19.7% |
| Distributable reserves | 133 | €71,664 | €85,784 | +€14,120 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,286 | €70,590 | +€16,305 | +30.0% |
| Amounts payable after more than one year | 17 | €13,915 | €41,831 | +€27,915 | +201% |
| Financial debts | 170/4 | €13,915 | €41,831 | +€27,915 | +201% |
| Amounts payable within one year | 42/48 | €40,302 | €28,747 | -€11,554 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €5,587 | €9,294 | +€3,707 | +66.3% |
| Trade debts | 44 | €2,148 | €215 | -€1,932 | -90.0% |
| Suppliers | 440/4 | €2,148 | €215 | -€1,932 | -90.0% |
| Taxes, remuneration and social security | 45 | €30,358 | €16,604 | -€13,754 | -45.3% |
| Taxes | 450/3 | €30,358 | €16,604 | -€13,754 | -45.3% |
| Other amounts payable | 47/48 | €2,209 | €2,634 | +€425 | +19.2% |
| Accrued charges and deferred income | 492/3 | €69 | €13 | -€56 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,949 | €23,736 | +€9,787 | +70.2% |
| Other operating charges | 640/8 | €614 | €641 | +€27 | +4.4% |
| Gross operating margin | 9900 | €42,283 | €45,950 | +€3,667 | +8.7% |
| Operating profit (loss) | 9901 | €27,720 | €21,573 | -€6,147 | -22.2% |
| Financial income | 75/76B | €1,632 | €1,758 | +€126 | +7.7% |
| Recurring financial income | 75 | €1,632 | €1,758 | +€126 | +7.7% |
| Financial charges | 65/66B | €1,045 | €2,335 | +€1,290 | +123% |
| Recurring financial charges | 65 | €1,045 | €2,335 | +€1,290 | +123% |
| Profit (loss) for the period before taxes | 9903 | €28,307 | €20,997 | -€7,310 | -25.8% |
| Income taxes | 67/77 | €8,160 | €6,044 | -€2,117 | -25.9% |
| Profit (loss) for the period | 9904 | €20,146 | €14,953 | -€5,193 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,146 | €14,953 | -€5,193 | -25.8% |
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 18 October 2026 via checked.be.