MOEDER STIENE: 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.
MOEDER STIENE
Largest movements
- Tangible fixed assets -€27,088
down €27,088 (-30.7%), from €88,273 to €61,185
of which Plant, machinery and equipment: -€14,724
- Stocks and contracts -€7,928
down €7,928 (-100.0%), from €7,928 to €0
- Deferred charges and accrued income -€2,488
down €2,488 (-68.7%), from €3,624 to €1,136
- Receivables within one year -€2,398
down €2,398 (-44.6%), from €5,375 to €2,977
of which Other amounts receivable: -€4,559
- Other debts +€74,404
up €74,404 (+50.0%), from €148,735 to €223,138
- Profit (loss) carried forward -€61,127
down €61,127 (-36.6%), from -€166,860 to -€227,987
- Trade debts -€41,835
down €41,835 (-99.3%), from €42,123 to €288
- Current portion of long-term debt -€10,047
down €10,047 (-91.7%), from €10,962 to €915
- Debts after one year +€4,379
up €4,379 (+8.0%), from €54,429 to €58,808
- Gross operating margin -€8,476
down €8,476, from €4,940 to -€3,536
- Staff costs -€5,466
down €5,466 (-16.8%), from €32,592 to €27,125
- Depreciation +€3,735
up €3,735 (+16.0%), from €23,352 to €27,088
- Financial charges -€2,657
down €2,657 (-51.9%), from €5,123 to €2,466
- Financial income +€315
up €315 (+1542.8%), from €20 to €335
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 | €105,908 | €65,781 | -€40,128 | -37.9% |
| Fixed assets | 21/28 | €88,273 | €61,185 | -€27,088 | -30.7% |
| Tangible fixed assets | 22/27 | €88,273 | €61,185 | -€27,088 | -30.7% |
| Land and buildings | 22 | €2,389 | €2,091 | -€299 | -12.5% |
| Plant, machinery and equipment | 23 | €37,161 | €22,437 | -€14,724 | -39.6% |
| Furniture and vehicles | 24 | €48,722 | €36,657 | -€12,065 | -24.8% |
| Current assets | 29/58 | €17,636 | €4,595 | -€13,040 | -73.9% |
| Stocks and contracts in progress | 3 | €7,928 | €0 | -€7,928 | -100.0% |
| Stocks | 30/36 | €7,928 | €0 | -€7,928 | -100.0% |
| Amounts receivable within one year | 40/41 | €5,375 | €2,977 | -€2,398 | -44.6% |
| Trade receivables | 40 | €240 | €2,401 | +€2,161 | +899.5% |
| Other amounts receivable | 41 | €5,134 | €575 | -€4,559 | -88.8% |
| Cash at bank and in hand | 54/58 | €709 | €483 | -€227 | -31.9% |
| Deferred charges and accrued income | 490/1 | €3,624 | €1,136 | -€2,488 | -68.7% |
| Total equity and liabilities | 10/49 | €105,908 | €65,781 | -€40,128 | -37.9% |
| Equity | 10/15 | -€156,860 | -€217,987 | -€61,127 | -39.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,860 | -€227,987 | -€61,127 | -36.6% |
| Amounts payable | 17/49 | €262,768 | €283,767 | +€20,999 | +8.0% |
| Amounts payable after more than one year | 17 | €54,429 | €58,808 | +€4,379 | +8.0% |
| Financial debts | 170/4 | €54,429 | €58,808 | +€4,379 | +8.0% |
| Amounts payable within one year | 42/48 | €204,839 | €224,959 | +€20,119 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €10,962 | €915 | -€10,047 | -91.7% |
| Trade debts | 44 | €42,123 | €288 | -€41,835 | -99.3% |
| Suppliers | 440/4 | €42,123 | €288 | -€41,835 | -99.3% |
| Taxes, remuneration and social security | 45 | €3,020 | €618 | -€2,402 | -79.5% |
| Taxes | 450/3 | €8 | €603 | +€595 | +7396.6% |
| Remuneration and social security | 454/9 | €3,012 | €15 | -€2,997 | -99.5% |
| Other amounts payable | 47/48 | €148,735 | €223,138 | +€74,404 | +50.0% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €32,592 | €27,125 | -€5,466 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,352 | €27,088 | +€3,735 | +16.0% |
| Other operating charges | 640/8 | €800 | €1,107 | +€307 | +38.4% |
| Gross operating margin | 9900 | €4,940 | -€3,536 | -€8,476 | |
| Operating profit (loss) | 9901 | -€51,804 | -€58,855 | -€7,051 | -13.6% |
| Financial income | 75/76B | €20 | €335 | +€315 | +1542.8% |
| Recurring financial income | 75 | €20 | €335 | +€315 | +1542.8% |
| Financial charges | 65/66B | €5,123 | €2,466 | -€2,657 | -51.9% |
| Recurring financial charges | 65 | €5,123 | €2,466 | -€2,657 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | -€56,906 | -€60,986 | -€4,079 | -7.2% |
| Income taxes | 67/77 | €8 | €141 | +€133 | +1652.6% |
| Profit (loss) for the period | 9904 | -€56,914 | -€61,127 | -€4,212 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,914 | -€61,127 | -€4,212 | -7.4% |
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 7 October 2026 via checked.be.