M DE 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.
M DE MOOR
Largest movements
- Tangible fixed assets +€39,008
new in 2025: €39,008
- Receivables within one year +€27,589
up €27,589 (+375%), from €7,352 to €34,941
of which Other amounts receivable: +€20,954
- Cash -€9,446
down €9,446 (-57.6%), from €16,408 to €6,962
mainly Investment in fixed assets (net) (-€48,760) and Receivables within one year (-€27,589)
- Deferred charges and accrued income +€2,675
up €2,675 (+939%), from €285 to €2,960
- Debts after one year +€35,663
new in 2025: €35,663
- Reserves +€15,768
up €15,768 (+104%), from €15,187 to €30,956
- Current portion of long-term debt +€9,301
new in 2025: €9,301
- Trade debts -€1,742
down €1,742 (-89.2%), from €1,953 to €210
- Gross operating margin +€14,141
up €14,141 (+70.7%), from €20,006 to €34,147
- Depreciation +€9,752
new in 2025: €9,752
- Other operating charges +€1,410
up €1,410 (+999%), from €141 to €1,551
- Staff costs +€1,268
up €1,268 (+168%), from €752 to €2,020
- Taxes +€916
up €916 (+23.5%), from €3,905 to €4,822
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 | €24,045 | €83,872 | +€59,826 | +249% |
| Fixed assets | 21/28 | - | €39,008 | +€39,008 | |
| Tangible fixed assets | 22/27 | - | €39,008 | +€39,008 | |
| Furniture and vehicles | 24 | - | €39,008 | +€39,008 | |
| Current assets | 29/58 | €24,045 | €44,863 | +€20,818 | +86.6% |
| Amounts receivable within one year | 40/41 | €7,352 | €34,941 | +€27,589 | +375% |
| Trade receivables | 40 | €6,666 | €13,300 | +€6,635 | +99.5% |
| Other amounts receivable | 41 | €687 | €21,641 | +€20,954 | +3,052% |
| Cash at bank and in hand | 54/58 | €16,408 | €6,962 | -€9,446 | -57.6% |
| Deferred charges and accrued income | 490/1 | €285 | €2,960 | +€2,675 | +939% |
| Total equity and liabilities | 10/49 | €24,045 | €83,872 | +€59,826 | +249% |
| Equity | 10/15 | €18,187 | €33,956 | +€15,768 | +86.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,187 | €30,956 | +€15,768 | +104% |
| Distributable reserves | 133 | €15,187 | €30,956 | +€15,768 | +104% |
| Amounts payable | 17/49 | €5,858 | €49,916 | +€44,058 | +752% |
| Amounts payable after more than one year | 17 | - | €35,663 | +€35,663 | |
| Financial debts | 170/4 | - | €35,663 | +€35,663 | |
| Amounts payable within one year | 42/48 | €5,858 | €14,253 | +€8,395 | +143% |
| Current portion of amounts payable after more than one year | 42 | - | €9,301 | +€9,301 | |
| Trade debts | 44 | €1,953 | €210 | -€1,742 | -89.2% |
| Suppliers | 440/4 | €1,953 | €210 | -€1,742 | -89.2% |
| Taxes, remuneration and social security | 45 | €3,905 | €4,741 | +€836 | +21.4% |
| Taxes | 450/3 | €3,905 | €4,741 | +€836 | +21.4% |
| Remuneration, social security and pensions | 62 | €752 | €2,020 | +€1,268 | +168% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,752 | +€9,752 | |
| Other operating charges | 640/8 | €141 | €1,551 | +€1,410 | +999% |
| Gross operating margin | 9900 | €20,006 | €34,147 | +€14,141 | +70.7% |
| Operating profit (loss) | 9901 | €19,113 | €20,824 | +€1,711 | +9.0% |
| Financial income | 75/76B | €0 | €553 | +€553 | +614,889% |
| Recurring financial income | 75 | €0 | €553 | +€553 | +614,889% |
| Financial charges | 65/66B | €20 | €787 | +€767 | +3,836% |
| Recurring financial charges | 65 | €20 | €787 | +€767 | +3,836% |
| Profit (loss) for the period before taxes | 9903 | €19,093 | €20,590 | +€1,497 | +7.8% |
| Income taxes | 67/77 | €3,905 | €4,822 | +€916 | +23.5% |
| Profit (loss) for the period | 9904 | €15,187 | €15,768 | +€581 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,187 | €15,768 | +€581 | +3.8% |
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 23 October 2026 via checked.be.