JOREN MOENS: 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.
JOREN MOENS
Largest movements
- Cash -€3,462
down €3,462 (-44.9%), from €7,716 to €4,254
mainly Contributions, distributions and other (-€15,300) and Investment in fixed assets (net) (-€5,064)
- Receivables within one year -€2,379
down €2,379 (-16.0%), from €14,868 to €12,489
of which Other amounts receivable: -€7,462
- Tangible fixed assets -€1,979
down €1,979 (-20.7%), from €9,547 to €7,568
of which Plant, machinery and equipment: -€4,660
- Deferred charges and accrued income +€1,048
up €1,048 (+77.0%), from €1,361 to €2,409
- Profit (loss) carried forward -€2,800
down €2,800 (-13.3%), from €21,069 to €18,269
- Trade debts -€1,825
down €1,825 (-33.5%), from €5,442 to €3,617
- Debts after one year -€1,634
no longer reported in 2025 (was €1,634)
- Gross operating margin +€10,469
up €10,469 (+74.9%), from €13,976 to €24,445
- Taxes +€2,276
up €2,276 (+160%), from €1,425 to €3,700
- Depreciation -€875
down €875 (-11.0%), from €7,918 to €7,043
- Financial charges -€625
down €625 (-63.6%), from €983 to €358
- Financial income +€288
up €288 (+205%), from €140 to €429
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 | €33,491 | €26,719 | -€6,772 | -20.2% |
| Fixed assets | 21/28 | €9,547 | €7,568 | -€1,979 | -20.7% |
| Tangible fixed assets | 22/27 | €9,547 | €7,568 | -€1,979 | -20.7% |
| Plant, machinery and equipment | 23 | €9,547 | €4,886 | -€4,660 | -48.8% |
| Furniture and vehicles | 24 | - | €2,681 | +€2,681 | |
| Current assets | 29/58 | €23,945 | €19,152 | -€4,793 | -20.0% |
| Amounts receivable within one year | 40/41 | €14,868 | €12,489 | -€2,379 | -16.0% |
| Trade receivables | 40 | €272 | €5,355 | +€5,083 | +1,868% |
| Other amounts receivable | 41 | €14,596 | €7,134 | -€7,462 | -51.1% |
| Cash at bank and in hand | 54/58 | €7,716 | €4,254 | -€3,462 | -44.9% |
| Deferred charges and accrued income | 490/1 | €1,361 | €2,409 | +€1,048 | +77.0% |
| Total equity and liabilities | 10/49 | €33,491 | €26,719 | -€6,772 | -20.2% |
| Equity | 10/15 | €23,069 | €20,269 | -€2,800 | -12.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,069 | €18,269 | -€2,800 | -13.3% |
| Amounts payable | 17/49 | €10,422 | €6,451 | -€3,972 | -38.1% |
| Amounts payable after more than one year | 17 | €1,634 | - | -€1,634 | |
| Financial debts | 170/4 | €1,634 | - | -€1,634 | |
| Amounts payable within one year | 42/48 | €8,789 | €6,451 | -€2,338 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €1,922 | €1,634 | -€289 | -15.0% |
| Trade debts | 44 | €5,442 | €3,617 | -€1,825 | -33.5% |
| Suppliers | 440/4 | €5,442 | €3,617 | -€1,825 | -33.5% |
| Taxes, remuneration and social security | 45 | €1,425 | €1,200 | -€225 | -15.8% |
| Taxes | 450/3 | €1,425 | - | -€1,425 | |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,918 | €7,043 | -€875 | -11.0% |
| Other operating charges | 640/8 | €1,401 | €1,272 | -€128 | -9.2% |
| Non-recurring operating charges | 66A | -€7,576 | - | +€7,576 | |
| Gross operating margin | 9900 | €13,976 | €24,445 | +€10,469 | +74.9% |
| Operating profit (loss) | 9901 | €12,233 | €16,129 | +€3,896 | +31.8% |
| Financial income | 75/76B | €140 | €429 | +€288 | +205% |
| Recurring financial income | 75 | €140 | €429 | +€288 | +205% |
| Financial charges | 65/66B | €983 | €358 | -€625 | -63.6% |
| Recurring financial charges | 65 | €983 | €358 | -€625 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €11,391 | €16,200 | +€4,809 | +42.2% |
| Income taxes | 67/77 | €1,425 | €3,700 | +€2,276 | +160% |
| Profit (loss) for the period | 9904 | €9,966 | €12,500 | +€2,533 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,966 | €12,500 | +€2,533 | +25.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.