MOANA PROJECTS: 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.
MOANA PROJECTS
Largest movements
- Cash -€17,722
down €17,722 (-80.8%), from €21,931 to €4,209
mainly Net result for the year (-€18,795) and Tax, wage and social debts (-€9,510)
- Tangible fixed assets -€12,240
down €12,240 (-47.4%), from €25,844 to €13,604
of which Furniture and vehicles: -€11,025
- Receivables within one year +€1,685
up €1,685 (+7.9%), from €21,429 to €23,114
of which Trade receivables: +€2,702
- Deferred charges and accrued income -€1,242
down €1,242 (-73.4%), from €1,692 to €449
- Profit (loss) carried forward -€16,637
new in 2025: -€16,637
- Tax, wage and social debts -€9,510
down €9,510 (-80.7%), from €11,781 to €2,271
- Debts after one year -€3,344
down €3,344 (-51.0%), from €6,562 to €3,218
- Reserves -€2,158
down €2,158 (-20.7%), from €10,432 to €8,273
- Trade debts +€1,966
up €1,966 (+577%), from €341 to €2,306
- Gross operating margin -€46,802
down €46,802, from €40,935 to -€5,867
- Taxes -€8,409
down €8,409 (-98.2%), from €8,566 to €157
- Depreciation +€3,149
up €3,149 (+65.2%), from €4,828 to €7,977
- Financial charges -€2,319
down €2,319 (-75.1%), from €3,086 to €767
- Financial income +€753
new in 2025: €753
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 | €70,896 | €41,377 | -€29,519 | -41.6% |
| Fixed assets | 21/28 | €25,844 | €13,604 | -€12,240 | -47.4% |
| Tangible fixed assets | 22/27 | €25,844 | €13,604 | -€12,240 | -47.4% |
| Plant, machinery and equipment | 23 | €2,165 | €1,184 | -€981 | -45.3% |
| Furniture and vehicles | 24 | €23,244 | €12,219 | -€11,025 | -47.4% |
| Other tangible fixed assets | 26 | €435 | €201 | -€234 | -53.7% |
| Current assets | 29/58 | €45,051 | €27,772 | -€17,279 | -38.4% |
| Amounts receivable within one year | 40/41 | €21,429 | €23,114 | +€1,685 | +7.9% |
| Trade receivables | 40 | €20,412 | €23,114 | +€2,702 | +13.2% |
| Other amounts receivable | 41 | €1,017 | - | -€1,017 | |
| Cash at bank and in hand | 54/58 | €21,931 | €4,209 | -€17,722 | -80.8% |
| Deferred charges and accrued income | 490/1 | €1,692 | €449 | -€1,242 | -73.4% |
| Total equity and liabilities | 10/49 | €70,896 | €41,377 | -€29,519 | -41.6% |
| Equity | 10/15 | €49,032 | €30,237 | -€18,795 | -38.3% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €10,432 | €8,273 | -€2,158 | -20.7% |
| Distributable reserves | 133 | €10,432 | €8,273 | -€2,158 | -20.7% |
| Profit (loss) carried forward | 14 | - | -€16,637 | -€16,637 | |
| Amounts payable | 17/49 | €21,864 | €11,140 | -€10,724 | -49.0% |
| Amounts payable after more than one year | 17 | €6,562 | €3,218 | -€3,344 | -51.0% |
| Financial debts | 170/4 | €6,562 | €3,218 | -€3,344 | -51.0% |
| Amounts payable within one year | 42/48 | €15,302 | €7,922 | -€7,380 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €3,180 | €3,344 | +€164 | +5.2% |
| Trade debts | 44 | €341 | €2,306 | +€1,966 | +577% |
| Suppliers | 440/4 | €341 | €2,306 | +€1,966 | +577% |
| Taxes, remuneration and social security | 45 | €11,781 | €2,271 | -€9,510 | -80.7% |
| Taxes | 450/3 | €11,781 | €2,271 | -€9,510 | -80.7% |
| Non-recurring operating income | 76A | €23,804 | - | -€23,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,828 | €7,977 | +€3,149 | +65.2% |
| Other operating charges | 640/8 | €2,275 | €1,717 | -€558 | -24.5% |
| Non-recurring operating charges | 66A | €1,779 | €3,063 | +€1,284 | +72.2% |
| Gross operating margin | 9900 | €40,935 | -€5,867 | -€46,802 | |
| Operating profit (loss) | 9901 | €32,054 | -€18,624 | -€50,678 | |
| Financial income | 75/76B | - | €753 | +€753 | |
| Recurring financial income | 75 | - | €753 | +€753 | |
| Financial charges | 65/66B | €3,086 | €767 | -€2,319 | -75.1% |
| Recurring financial charges | 65 | €3,086 | €767 | -€2,319 | -75.1% |
| Profit (loss) for the period before taxes | 9903 | €28,968 | -€18,638 | -€47,606 | |
| Income taxes | 67/77 | €8,566 | €157 | -€8,409 | -98.2% |
| Profit (loss) for the period | 9904 | €20,402 | -€18,795 | -€39,197 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,402 | -€18,795 | -€39,197 |
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 15 October 2026 via checked.be.