Moa-Projects: 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.
Moa-Projects
Largest movements
- Receivables within one year +€119,114
up €119,114 (+83.1%), from €143,313 to €262,427
of which Trade receivables: +€132,684
- Tangible fixed assets -€33,065
down €33,065 (-21.0%), from €157,323 to €124,257
of which Furniture and vehicles: -€35,740
- Cash -€19,954
down €19,954 (-9.2%), from €217,386 to €197,432
mainly Receivables within one year (-€119,114) and Contributions, distributions and other (-€100,000)
- Other debts +€78,026
up €78,026 (+78.0%), from €100,000 to €178,026
- Profit (loss) carried forward +€74,569
up €74,569 (+76.5%), from €97,531 to €172,100
- Tax, wage and social debts -€48,263
down €48,263 (-70.8%), from €68,198 to €19,935
of which Taxes: -€49,399
- Trade debts -€39,713
down €39,713 (-26.5%), from €149,579 to €109,866
- Debts after one year -€6,449
down €6,449 (-15.7%), from €41,056 to €34,607
- Staff costs +€17,361
up €17,361 (+7366.3%), from €236 to €17,597
- Depreciation +€9,768
up €9,768 (+29.5%), from €33,077 to €42,845
- Gross operating margin +€3,964
up €3,964 (+1.3%), from €303,023 to €306,987
- Other operating charges -€3,590
down €3,590 (-66.9%), from €5,365 to €1,775
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 | €549,419 | €607,983 | +€58,564 | +10.7% |
| Fixed assets | 21/28 | €157,323 | €124,257 | -€33,065 | -21.0% |
| Tangible fixed assets | 22/27 | €157,323 | €124,257 | -€33,065 | -21.0% |
| Plant, machinery and equipment | 23 | €25,566 | €22,215 | -€3,351 | -13.1% |
| Furniture and vehicles | 24 | €131,757 | €96,017 | -€35,740 | -27.1% |
| Other tangible fixed assets | 26 | - | €6,025 | +€6,025 | |
| Current assets | 29/58 | €392,097 | €483,726 | +€91,629 | +23.4% |
| Stocks and contracts in progress | 3 | €24,400 | €20,350 | -€4,050 | -16.6% |
| Stocks | 30/36 | €24,400 | €20,350 | -€4,050 | -16.6% |
| Amounts receivable within one year | 40/41 | €143,313 | €262,427 | +€119,114 | +83.1% |
| Trade receivables | 40 | €117,551 | €250,235 | +€132,684 | +112.9% |
| Other amounts receivable | 41 | €25,762 | €12,193 | -€13,570 | -52.7% |
| Cash at bank and in hand | 54/58 | €217,386 | €197,432 | -€19,954 | -9.2% |
| Deferred charges and accrued income | 490/1 | €6,997 | €3,517 | -€3,480 | -49.7% |
| Total equity and liabilities | 10/49 | €549,419 | €607,983 | +€58,564 | +10.7% |
| Equity | 10/15 | €184,531 | €259,100 | +€74,569 | +40.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €77,000 | €77,000 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €77,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,531 | €172,100 | +€74,569 | +76.5% |
| Amounts payable | 17/49 | €364,888 | €348,883 | -€16,005 | -4.4% |
| Amounts payable after more than one year | 17 | €41,056 | €34,607 | -€6,449 | -15.7% |
| Financial debts | 170/4 | €41,056 | €34,607 | -€6,449 | -15.7% |
| Amounts payable within one year | 42/48 | €323,832 | €314,276 | -€9,556 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €6,056 | €6,449 | +€393 | +6.5% |
| Trade debts | 44 | €149,579 | €109,866 | -€39,713 | -26.5% |
| Suppliers | 440/4 | €149,579 | €109,866 | -€39,713 | -26.5% |
| Taxes, remuneration and social security | 45 | €68,198 | €19,935 | -€48,263 | -70.8% |
| Taxes | 450/3 | €68,198 | €18,799 | -€49,399 | -72.4% |
| Remuneration and social security | 454/9 | - | €1,136 | +€1,136 | |
| Other amounts payable | 47/48 | €100,000 | €178,026 | +€78,026 | +78.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €21,724 | €0 | -€21,724 | -100.0% |
| Remuneration, social security and pensions | 62 | €236 | €17,597 | +€17,361 | +7366.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,077 | €42,845 | +€9,768 | +29.5% |
| Other operating charges | 640/8 | €5,365 | €1,775 | -€3,590 | -66.9% |
| Gross operating margin | 9900 | €303,023 | €306,987 | +€3,964 | +1.3% |
| Operating profit (loss) | 9901 | €264,346 | €244,771 | -€19,575 | -7.4% |
| Financial income | 75/76B | €2,145 | €1,408 | -€738 | -34.4% |
| Recurring financial income | 75 | €2,145 | €1,408 | -€738 | -34.4% |
| Financial charges | 65/66B | €1,672 | €3,640 | +€1,969 | +117.8% |
| Recurring financial charges | 65 | €1,672 | €3,640 | +€1,969 | +117.8% |
| Profit (loss) for the period before taxes | 9903 | €264,819 | €242,538 | -€22,281 | -8.4% |
| Income taxes | 67/77 | €67,288 | €67,969 | +€681 | +1.0% |
| Profit (loss) for the period | 9904 | €197,531 | €174,569 | -€22,962 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €197,531 | €174,569 | -€22,962 | -11.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.