Moai: 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.
Moai
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year -€33,603
down €33,603 (-96.6%), from €34,783 to €1,181
of which Trade receivables: -€20,768
- Cash +€9,934
up €9,934 (+65.1%), from €15,267 to €25,201
mainly Net result for the year (+€56,301) and Receivables within one year (+€33,603)
- Deferred charges and accrued income +€3,726
up €3,726 (+386.0%), from €965 to €4,691
- Reserves +€56,301
up €56,301 (+168.1%), from €33,502 to €89,803
- Debts after one year +€16,864
new in 2025: €16,864
- Current portion of long-term debt +€4,041
new in 2025: €4,041
- Trade debts +€2,231
up €2,231 (+55.5%), from €4,020 to €6,251
- Tax, wage and social debts +€1,736
up €1,736 (+15.8%), from €10,986 to €12,723
- Financial income +€55,427
up €55,427 (+12054.8%), from €460 to €55,887
of which Non-recurring financial income: +€53,006
- Financial charges +€13,649
up €13,649 (+871.2%), from €1,567 to €15,216
- Gross operating margin -€10,226
down €10,226 (-21.1%), from €48,376 to €38,150
- Taxes +€5,700
up €5,700 (+46.9%), from €12,148 to €17,848
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 | €58,648 | €139,682 | +€81,035 | +138.2% |
| Fixed assets | 21/28 | €7,632 | €8,610 | +€978 | +12.8% |
| Tangible fixed assets | 22/27 | €7,632 | €8,610 | +€978 | +12.8% |
| Plant, machinery and equipment | 23 | €345 | €0 | -€345 | -100.0% |
| Furniture and vehicles | 24 | €6,564 | €8,008 | +€1,445 | +22.0% |
| Other tangible fixed assets | 26 | €723 | €601 | -€121 | -16.8% |
| Current assets | 29/58 | €51,016 | €131,073 | +€80,057 | +156.9% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Trade receivables | 290 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €34,783 | €1,181 | -€33,603 | -96.6% |
| Trade receivables | 40 | €20,768 | €0 | -€20,768 | -100.0% |
| Other amounts receivable | 41 | €14,015 | €1,181 | -€12,835 | -91.6% |
| Cash at bank and in hand | 54/58 | €15,267 | €25,201 | +€9,934 | +65.1% |
| Deferred charges and accrued income | 490/1 | €965 | €4,691 | +€3,726 | +386.0% |
| Total equity and liabilities | 10/49 | €58,648 | €139,682 | +€81,035 | +138.2% |
| Equity | 10/15 | €43,502 | €99,803 | +€56,301 | +129.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €33,502 | €89,803 | +€56,301 | +168.1% |
| Distributable reserves | 133 | €33,502 | €89,803 | +€56,301 | +168.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,146 | €39,879 | +€24,733 | +163.3% |
| Amounts payable after more than one year | 17 | - | €16,864 | +€16,864 | |
| Other amounts payable | 178/9 | - | €16,864 | +€16,864 | |
| Amounts payable within one year | 42/48 | €15,007 | €23,015 | +€8,008 | +53.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,041 | +€4,041 | |
| Trade debts | 44 | €4,020 | €6,251 | +€2,231 | +55.5% |
| Suppliers | 440/4 | €4,020 | €6,251 | +€2,231 | +55.5% |
| Taxes, remuneration and social security | 45 | €10,986 | €12,723 | +€1,736 | +15.8% |
| Taxes | 450/3 | €10,986 | €12,723 | +€1,736 | +15.8% |
| Accrued charges and deferred income | 492/3 | €139 | €0 | -€139 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,190 | €3,575 | +€386 | +12.1% |
| Other operating charges | 640/8 | €1,137 | €1,096 | -€40 | -3.5% |
| Gross operating margin | 9900 | €48,376 | €38,150 | -€10,226 | -21.1% |
| Operating profit (loss) | 9901 | €44,050 | €33,478 | -€10,572 | -24.0% |
| Financial income | 75/76B | €460 | €55,887 | +€55,427 | +12054.8% |
| Recurring financial income | 75 | €460 | €2,880 | +€2,421 | +526.4% |
| Non-recurring financial income | 76B | - | €53,006 | +€53,006 | |
| Financial charges | 65/66B | €1,567 | €15,216 | +€13,649 | +871.2% |
| Recurring financial charges | 65 | €1,567 | €15,216 | +€13,649 | +871.2% |
| Profit (loss) for the period before taxes | 9903 | €42,943 | €74,149 | +€31,206 | +72.7% |
| Income taxes | 67/77 | €12,148 | €17,848 | +€5,700 | +46.9% |
| Profit (loss) for the period | 9904 | €30,795 | €56,301 | +€25,506 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,795 | €56,301 | +€25,506 | +82.8% |
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 2 October 2026 via checked.be.