MIKE MOYAERT CONSTRUCT: 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.
MIKE MOYAERT CONSTRUCT
Largest movements
- Receivables within one year +€18,078
up €18,078 (+143%), from €12,656 to €30,734
of which Other amounts receivable: +€19,848
- Tangible fixed assets -€8,946
down €8,946 (-21.5%), from €41,520 to €32,574
of which Furniture and vehicles: -€22,658
- Cash +€1,168
up €1,168 (+45.1%), from €2,590 to €3,758
mainly Net result for the year (+€10,813) and Depreciation (+€9,558)
- Reserves +€10,813
up €10,813 (+124%), from €8,691 to €19,504
- Debts after one year -€2,280
down €2,280 (-8.1%), from €28,208 to €25,928
of which Financial debts: -€7,780
- Current portion of long-term debt +€2,205
up €2,205 (+18.8%), from €11,716 to €13,920
- Tax, wage and social debts +€740
up €740 (+28.7%), from €2,577 to €3,318
of which Taxes: +€740
- Gross operating margin +€24,436
up €24,436 (+129%), from €18,906 to €43,342
- Other operating charges +€15,640
up €15,640 (+1,163%), from €1,345 to €16,985
- Depreciation -€3,118
down €3,118 (-24.6%), from €12,676 to €9,558
- Taxes +€1,700
up €1,700 (+116%), from €1,467 to €3,168
- Financial charges +€1,062
up €1,062 (+58.4%), from €1,818 to €2,880
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 | €56,766 | €67,079 | +€10,313 | +18.2% |
| Fixed assets | 21/28 | €41,520 | €32,574 | -€8,946 | -21.5% |
| Tangible fixed assets | 22/27 | €41,520 | €32,574 | -€8,946 | -21.5% |
| Furniture and vehicles | 24 | €41,520 | €18,862 | -€22,658 | -54.6% |
| Leasing and similar rights | 25 | - | €13,712 | +€13,712 | |
| Current assets | 29/58 | €15,246 | €34,505 | +€19,259 | +126% |
| Amounts receivable within one year | 40/41 | €12,656 | €30,734 | +€18,078 | +143% |
| Trade receivables | 40 | €12,651 | €10,882 | -€1,770 | -14.0% |
| Other amounts receivable | 41 | €4 | €19,852 | +€19,848 | +469,216% |
| Cash at bank and in hand | 54/58 | €2,590 | €3,758 | +€1,168 | +45.1% |
| Deferred charges and accrued income | 490/1 | - | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €56,766 | €67,079 | +€10,313 | +18.2% |
| Equity | 10/15 | €11,691 | €22,504 | +€10,813 | +92.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,691 | €19,504 | +€10,813 | +124% |
| Distributable reserves | 133 | €8,691 | €19,504 | +€10,813 | +124% |
| Amounts payable | 17/49 | €45,075 | €44,575 | -€500 | -1.1% |
| Amounts payable after more than one year | 17 | €28,208 | €25,928 | -€2,280 | -8.1% |
| Financial debts | 170/4 | €28,208 | €20,428 | -€7,780 | -27.6% |
| Other amounts payable | 178/9 | - | €5,500 | +€5,500 | |
| Amounts payable within one year | 42/48 | €16,001 | €18,281 | +€2,279 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €11,716 | €13,920 | +€2,205 | +18.8% |
| Trade debts | 44 | €1,293 | €1,043 | -€250 | -19.3% |
| Suppliers | 440/4 | €1,293 | €1,043 | -€250 | -19.3% |
| Taxes, remuneration and social security | 45 | €2,577 | €3,318 | +€740 | +28.7% |
| Taxes | 450/3 | €2,577 | €3,318 | +€740 | +28.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €416 | €0 | -€416 | -100% |
| Accrued charges and deferred income | 492/3 | €865 | €366 | -€499 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,676 | €9,558 | -€3,118 | -24.6% |
| Other operating charges | 640/8 | €1,345 | €16,985 | +€15,640 | +1,163% |
| Gross operating margin | 9900 | €18,906 | €43,342 | +€24,436 | +129% |
| Operating profit (loss) | 9901 | €4,885 | €16,798 | +€11,913 | +244% |
| Financial income | 75/76B | €156 | €62 | -€94 | -60.1% |
| Recurring financial income | 75 | €156 | €62 | -€94 | -60.1% |
| Financial charges | 65/66B | €1,818 | €2,880 | +€1,062 | +58.4% |
| Recurring financial charges | 65 | €1,818 | €2,880 | +€1,062 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €3,223 | €13,981 | +€10,757 | +334% |
| Income taxes | 67/77 | €1,467 | €3,168 | +€1,700 | +116% |
| Profit (loss) for the period | 9904 | €1,756 | €10,813 | +€9,057 | +516% |
| Profit (loss) for the period to be appropriated | 9905 | €1,756 | €10,813 | +€9,057 | +516% |
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 17 October 2026 via checked.be.