MIT MOERHEI: what changed
Two fiscal 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.
MIT MOERHEI
Largest movements
- Tangible fixed assets -€28,299
down €28,299 (-13.3%), from €212,997 to €184,698
of which Land and buildings: -€27,275
- Receivables within one year +€17,319
up €17,319 (+118.3%), from €14,646 to €31,965
of which Trade receivables: +€17,146
- Cash -€9,446
down €9,446 (-84.5%), from €11,179 to €1,733
mainly Receivables within one year (-€17,319) and Debts after one year (-€15,667)
- Deferred charges and accrued income +€8,196
up €8,196 (+27.3%), from €30,000 to €38,196
- Debts after one year -€15,667
down €15,667 (-10.1%), from €155,556 to €139,889
- Current portion of long-term debt -€3,070
down €3,070 (-26.3%), from €11,667 to €8,597
- Reserves +€3,048
up €3,048 (+38.8%), from €7,853 to €10,901
- Depreciation +€5,874
up €5,874 (+26.2%), from €22,425 to €28,299
- Gross operating margin +€5,733
up €5,733 (+12.0%), from €47,795 to €53,528
- Staff costs +€5,691
up €5,691 (+62.3%), from €9,131 to €14,822
- Financial charges -€800
down €800 (-11.4%), from €7,020 to €6,220
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.
Cash bridge derived
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 | €268,822 | €256,592 | -€12,230 | -4.5% |
| Fixed assets | 21/28 | €212,997 | €184,698 | -€28,299 | -13.3% |
| Tangible fixed assets | 22/27 | €212,997 | €184,698 | -€28,299 | -13.3% |
| Land and buildings | 22 | €208,640 | €181,365 | -€27,275 | -13.1% |
| Plant, machinery and equipment | 23 | €4,357 | €3,333 | -€1,024 | -23.5% |
| Current assets | 29/58 | €55,825 | €71,894 | +€16,069 | +28.8% |
| Amounts receivable within one year | 40/41 | €14,646 | €31,965 | +€17,319 | +118.3% |
| Trade receivables | 40 | €13,689 | €30,835 | +€17,146 | +125.3% |
| Other amounts receivable | 41 | €957 | €1,130 | +€173 | +18.1% |
| Cash at bank and in hand | 54/58 | €11,179 | €1,733 | -€9,446 | -84.5% |
| Deferred charges and accrued income | 490/1 | €30,000 | €38,196 | +€8,196 | +27.3% |
| Total equity and liabilities | 10/49 | €268,822 | €256,592 | -€12,230 | -4.5% |
| Equity | 10/15 | €13,853 | €16,901 | +€3,048 | +22.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €7,853 | €10,901 | +€3,048 | +38.8% |
| Distributable reserves | 133 | €7,853 | €10,901 | +€3,048 | +38.8% |
| Amounts payable | 17/49 | €254,969 | €239,691 | -€15,278 | -6.0% |
| Amounts payable after more than one year | 17 | €155,556 | €139,889 | -€15,667 | -10.1% |
| Financial debts | 170/4 | €155,556 | €139,889 | -€15,667 | -10.1% |
| Amounts payable within one year | 42/48 | €99,413 | €99,802 | +€389 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €11,667 | €8,597 | -€3,070 | -26.3% |
| Trade debts | 44 | - | €2,430 | +€2,430 | |
| Suppliers | 440/4 | - | €2,430 | +€2,430 | |
| Taxes, remuneration and social security | 45 | €17,792 | €17,895 | +€103 | +0.6% |
| Taxes | 450/3 | €3,423 | €15,576 | +€12,153 | +355.0% |
| Remuneration and social security | 454/9 | €14,369 | €2,319 | -€12,050 | -83.9% |
| Other amounts payable | 47/48 | €69,954 | €70,880 | +€926 | +1.3% |
| Remuneration, social security and pensions | 62 | €9,131 | €14,822 | +€5,691 | +62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,425 | €28,299 | +€5,874 | +26.2% |
| Other operating charges | 640/8 | €1,373 | €1,191 | -€182 | -13.3% |
| Gross operating margin | 9900 | €47,795 | €53,528 | +€5,733 | +12.0% |
| Operating profit (loss) | 9901 | €14,866 | €9,216 | -€5,650 | -38.0% |
| Financial income | 75/76B | €7 | €52 | +€45 | +642.9% |
| Recurring financial income | 75 | €7 | €52 | +€45 | +642.9% |
| Financial charges | 65/66B | €7,020 | €6,220 | -€800 | -11.4% |
| Recurring financial charges | 65 | €7,020 | €6,220 | -€800 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €7,853 | €3,048 | -€4,805 | -61.2% |
| Profit (loss) for the period | 9904 | €7,853 | €3,048 | -€4,805 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,853 | €3,048 | -€4,805 | -61.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.