Moed en Vermaak: 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.
Moed en Vermaak
Largest movements
- Receivables within one year -€84,855
down €84,855 (-67.0%), from €126,697 to €41,842
of which Trade receivables: -€90,832
- Cash +€62,707
up €62,707 (+54.8%), from €114,467 to €177,174
mainly Receivables within one year (+€84,855) and Provisions (+€54,095)
- Reserves -€96,712
down €96,712 (-47.0%), from €205,776 to €109,064
- Provisions +€54,095
new in 2025: €54,095
- Other debts +€13,702
up €13,702 (+129%), from €10,630 to €24,332
- Trade debts +€9,511
up €9,511 (+559%), from €1,701 to €11,212
- Tax, wage and social debts -€6,377
down €6,377 (-20.9%), from €30,566 to €24,189
of which Taxes: -€5,377
- Provisions +€54,095
new in 2025: €54,095
- Gross operating margin -€40,280
down €40,280 (-50.4%), from €79,913 to €39,633
- Taxes -€12,872
down €12,872 (-58.8%), from €21,896 to €9,024
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 | €249,533 | €224,804 | -€24,729 | -9.9% |
| Fixed assets | 21/28 | €5,979 | €3,613 | -€2,366 | -39.6% |
| Tangible fixed assets | 22/27 | €5,979 | €3,613 | -€2,366 | -39.6% |
| Plant, machinery and equipment | 23 | €4,073 | €1,713 | -€2,360 | -58.0% |
| Furniture and vehicles | 24 | €6 | €0 | -€6 | -100% |
| Other tangible fixed assets | 26 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €243,555 | €221,192 | -€22,363 | -9.2% |
| Stocks and contracts in progress | 3 | €1,128 | €879 | -€250 | -22.1% |
| Stocks | 30/36 | €1,128 | €879 | -€250 | -22.1% |
| Amounts receivable within one year | 40/41 | €126,697 | €41,842 | -€84,855 | -67.0% |
| Trade receivables | 40 | €126,697 | €35,866 | -€90,832 | -71.7% |
| Other amounts receivable | 41 | €0 | €5,976 | +€5,976 | |
| Cash at bank and in hand | 54/58 | €114,467 | €177,174 | +€62,707 | +54.8% |
| Deferred charges and accrued income | 490/1 | €1,262 | €1,297 | +€35 | +2.8% |
| Total equity and liabilities | 10/49 | €249,533 | €224,804 | -€24,729 | -9.9% |
| Equity | 10/15 | €206,276 | €109,564 | -€96,712 | -46.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €205,776 | €109,064 | -€96,712 | -47.0% |
| Distributable reserves | 133 | €205,776 | €109,064 | -€96,712 | -47.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €54,095 | +€54,095 | |
| Provisions for liabilities and charges | 160/5 | - | €54,095 | +€54,095 | |
| Other liabilities and charges | 164/5 | - | €54,095 | +€54,095 | |
| Amounts payable | 17/49 | €43,258 | €61,146 | +€17,888 | +41.4% |
| Amounts payable within one year | 42/48 | €43,258 | €60,212 | +€16,954 | +39.2% |
| Financial debts | 43 | €360 | €478 | +€118 | +32.8% |
| Credit institutions | 430/8 | €360 | €478 | +€118 | +32.8% |
| Trade debts | 44 | €1,701 | €11,212 | +€9,511 | +559% |
| Suppliers | 440/4 | €1,701 | €11,212 | +€9,511 | +559% |
| Taxes, remuneration and social security | 45 | €30,566 | €24,189 | -€6,377 | -20.9% |
| Taxes | 450/3 | €29,566 | €24,189 | -€5,377 | -18.2% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €10,630 | €24,332 | +€13,702 | +129% |
| Accrued charges and deferred income | 492/3 | - | €934 | +€934 | |
| Non-recurring operating income | 76A | €3,926 | €0 | -€3,926 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,666 | €2,366 | -€300 | -11.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €54,095 | +€54,095 | |
| Other operating charges | 640/8 | €1,201 | €1,233 | +€32 | +2.7% |
| Non-recurring operating charges | 66A | €347 | €0 | -€347 | -100% |
| Gross operating margin | 9900 | €79,913 | €39,633 | -€40,280 | -50.4% |
| Operating profit (loss) | 9901 | €75,699 | -€18,061 | -€93,760 | |
| Financial income | 75/76B | €53 | €0 | -€53 | -100% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -100% |
| Financial charges | 65/66B | €740 | €1,159 | +€419 | +56.6% |
| Recurring financial charges | 65 | €740 | €1,159 | +€419 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €75,011 | -€19,221 | -€94,232 | |
| Income taxes | 67/77 | €21,896 | €9,024 | -€12,872 | -58.8% |
| Profit (loss) for the period | 9904 | €53,115 | -€28,245 | -€81,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,115 | -€28,245 | -€81,360 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.