MOANE ZWOANE: 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.
MOANE ZWOANE
Largest movements
- Tangible fixed assets +€15,064
up €15,064 (+190.9%), from €7,891 to €22,955
of which Furniture and vehicles: +€15,254
- Debts after one year +€13,709
new in 2025: €13,709
- Current portion of long-term debt +€4,428
new in 2025: €4,428
- Trade debts -€2,428
down €2,428 (-68.0%), from €3,569 to €1,142
- Tax, wage and social debts +€1,627
up €1,627 (+54.4%), from €2,992 to €4,619
- Profit (loss) carried forward -€1,386
new in 2025: -€1,386
- Other operating charges +€1,707
up €1,707 (+284.6%), from €600 to €2,307
- Gross operating margin +€1,684
up €1,684 (+74.8%), from €2,252 to €3,936
- Depreciation +€1,047
up €1,047 (+88.4%), from €1,183 to €2,230
- Financial charges +€442
up €442 (+338.3%), from €131 to €572
- Taxes +€93
up €93 (+52.6%), from €176 to €268
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 | €20,561 | €35,452 | +€14,891 | +72.4% |
| Fixed assets | 21/28 | €8,817 | €23,681 | +€14,864 | +168.6% |
| Intangible fixed assets | 21 | €926 | €726 | -€200 | -21.6% |
| Tangible fixed assets | 22/27 | €7,891 | €22,955 | +€15,064 | +190.9% |
| Plant, machinery and equipment | 23 | €3,507 | €3,318 | -€189 | -5.4% |
| Furniture and vehicles | 24 | €4,384 | €19,637 | +€15,254 | +348.0% |
| Current assets | 29/58 | €11,745 | €11,771 | +€26 | +0.2% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €22 | +€22 | |
| Other amounts receivable | 41 | - | €22 | +€22 | |
| Cash at bank and in hand | 54/58 | €9,302 | €9,223 | -€79 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,943 | €2,027 | +€84 | +4.3% |
| Total equity and liabilities | 10/49 | €20,561 | €35,452 | +€14,891 | +72.4% |
| Equity | 10/15 | €3,172 | €1,786 | -€1,386 | -43.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €172 | €172 | = | 0.0% |
| Distributable reserves | 133 | €172 | €172 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,386 | -€1,386 | |
| Amounts payable | 17/49 | €17,389 | €33,666 | +€16,277 | +93.6% |
| Amounts payable after more than one year | 17 | - | €13,709 | +€13,709 | |
| Financial debts | 170/4 | - | €13,709 | +€13,709 | |
| Amounts payable within one year | 42/48 | €17,389 | €19,957 | +€2,567 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,428 | +€4,428 | |
| Trade debts | 44 | €3,569 | €1,142 | -€2,428 | -68.0% |
| Suppliers | 440/4 | €3,569 | €1,142 | -€2,428 | -68.0% |
| Taxes, remuneration and social security | 45 | €2,992 | €4,619 | +€1,627 | +54.4% |
| Taxes | 450/3 | €2,992 | €4,619 | +€1,627 | +54.4% |
| Other amounts payable | 47/48 | €10,828 | €9,768 | -€1,060 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €2,230 | +€1,047 | +88.4% |
| Other operating charges | 640/8 | €600 | €2,307 | +€1,707 | +284.6% |
| Gross operating margin | 9900 | €2,252 | €3,936 | +€1,684 | +74.8% |
| Operating profit (loss) | 9901 | €469 | -€601 | -€1,070 | |
| Financial income | 75/76B | €10 | €56 | +€46 | +481.1% |
| Recurring financial income | 75 | €10 | €56 | +€46 | +481.1% |
| Financial charges | 65/66B | €131 | €572 | +€442 | +338.3% |
| Recurring financial charges | 65 | €131 | €572 | +€442 | +338.3% |
| Profit (loss) for the period before taxes | 9903 | €348 | -€1,118 | -€1,465 | |
| Income taxes | 67/77 | €176 | €268 | +€93 | +52.6% |
| Profit (loss) for the period | 9904 | €172 | -€1,386 | -€1,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €172 | -€1,386 | -€1,558 |
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 6 October 2026 via checked.be.