JM MOORS: 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.
JM MOORS
Largest movements
- Stocks and contracts +€31,799
up €31,799 (+103%), from €30,990 to €62,789
of which Contracts in progress: +€30,216
- Cash +€19,247
up €19,247 (+5.3%), from €359,890 to €379,137
mainly Other debts (+€38,924) and Net result for the year (+€38,216)
- Receivables within one year -€19,199
down €19,199 (-33.3%), from €57,689 to €38,490
of which Trade receivables: -€12,639
- Tangible fixed assets -€17,707
down €17,707 (-14.3%), from €124,151 to €106,443
of which Furniture and vehicles: -€10,272
- Other debts +€38,924
up €38,924 (+23.6%), from €164,745 to €203,668
- Reserves -€17,321
down €17,321 (-5.6%), from €307,013 to €289,692
- Accrued charges and deferred income -€8,996
down €8,996 (-85.7%), from €10,496 to €1,500
- Staff costs -€42,073
down €42,073 (-91.5%), from €46,000 to €3,927
- Gross operating margin -€24,765
down €24,765 (-22.0%), from €112,321 to €87,555
- Taxes +€5,117
up €5,117 (+43.1%), from €11,874 to €16,991
- Depreciation +€2,319
up €2,319 (+14.2%), from €16,303 to €18,622
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 | €572,720 | €586,860 | +€14,140 | +2.5% |
| Fixed assets | 21/28 | €124,151 | €106,443 | -€17,707 | -14.3% |
| Tangible fixed assets | 22/27 | €124,151 | €106,443 | -€17,707 | -14.3% |
| Land and buildings | 22 | €70,399 | €67,319 | -€3,080 | -4.4% |
| Plant, machinery and equipment | 23 | €18,366 | €14,011 | -€4,355 | -23.7% |
| Furniture and vehicles | 24 | €35,386 | €25,113 | -€10,272 | -29.0% |
| Current assets | 29/58 | €448,570 | €480,417 | +€31,847 | +7.1% |
| Stocks and contracts in progress | 3 | €30,990 | €62,789 | +€31,799 | +103% |
| Stocks | 30/36 | €14,470 | €16,053 | +€1,583 | +10.9% |
| Contracts in progress | 37 | €16,520 | €46,736 | +€30,216 | +183% |
| Amounts receivable within one year | 40/41 | €57,689 | €38,490 | -€19,199 | -33.3% |
| Trade receivables | 40 | €15,109 | €2,470 | -€12,639 | -83.7% |
| Other amounts receivable | 41 | €42,580 | €36,020 | -€6,560 | -15.4% |
| Cash at bank and in hand | 54/58 | €359,890 | €379,137 | +€19,247 | +5.3% |
| Total equity and liabilities | 10/49 | €572,720 | €586,860 | +€14,140 | +2.5% |
| Equity | 10/15 | €377,013 | €359,692 | -€17,321 | -4.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €307,013 | €289,692 | -€17,321 | -5.6% |
| Distributable reserves | 133 | €307,013 | €289,692 | -€17,321 | -5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,708 | €227,169 | +€31,461 | +16.1% |
| Amounts payable after more than one year | 17 | €3,998 | €0 | -€3,998 | -100% |
| Financial debts | 170/4 | €3,998 | €0 | -€3,998 | -100% |
| Amounts payable within one year | 42/48 | €181,214 | €225,669 | +€44,455 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €4,203 | €3,998 | -€206 | -4.9% |
| Trade debts | 44 | €1,564 | €1,705 | +€141 | +9.0% |
| Suppliers | 440/4 | €1,564 | €1,705 | +€141 | +9.0% |
| Taxes, remuneration and social security | 45 | €10,702 | €16,297 | +€5,596 | +52.3% |
| Taxes | 450/3 | €10,702 | €15,801 | +€5,100 | +47.7% |
| Remuneration and social security | 454/9 | €0 | €496 | +€496 | |
| Other amounts payable | 47/48 | €164,745 | €203,668 | +€38,924 | +23.6% |
| Accrued charges and deferred income | 492/3 | €10,496 | €1,500 | -€8,996 | -85.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €46,000 | €3,927 | -€42,073 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,303 | €18,622 | +€2,319 | +14.2% |
| Other operating charges | 640/8 | €9,334 | €9,344 | +€11 | +0.1% |
| Non-recurring operating charges | 66A | - | €136 | +€136 | |
| Gross operating margin | 9900 | €112,321 | €87,555 | -€24,765 | -22.0% |
| Operating profit (loss) | 9901 | €40,684 | €55,527 | +€14,843 | +36.5% |
| Financial income | 75/76B | €462 | €428 | -€33 | -7.2% |
| Recurring financial income | 75 | €462 | €428 | -€33 | -7.2% |
| Financial charges | 65/66B | €870 | €748 | -€122 | -14.0% |
| Recurring financial charges | 65 | €870 | €748 | -€122 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €40,276 | €55,207 | +€14,931 | +37.1% |
| Income taxes | 67/77 | €11,874 | €16,991 | +€5,117 | +43.1% |
| Profit (loss) for the period | 9904 | €28,402 | €38,216 | +€9,814 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,402 | €38,216 | +€9,814 | +34.6% |
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 17 October 2026 via checked.be.