MOEGEVA: 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.
MOEGEVA
Largest movements
- Cash +€1.4m
up €1.4m (+2,009%), from €71,430 to €1.5m
mainly Current investments (+€901,739) and Net result for the year (+€367,037)
- Current investments -€901,739
down €901,739 (-85.9%), from €1.1m to €148,261
- Tangible fixed assets -€61,848
down €61,848 (-8.4%), from €737,863 to €676,015
of which Land and buildings: -€61,484
- Reserves +€367,037
up €367,037 (+57.9%), from €633,461 to €1.0m
of which Tax-exempt reserves: +€287,322
- Provisions +€95,774
new in 2025: €95,774
- Gross operating margin +€382,648
up €382,648 (+254%), from €150,597 to €533,245
- Depreciation -€45,072
down €45,072 (-61.1%), from €73,790 to €28,717
- Taxes +€36,918
new in 2025: €36,918
- Financial income +€14,807
up €14,807 (+98.8%), from €14,980 to €29,788
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 | €1,890,330 | €2,354,145 | +€463,815 | +24.5% |
| Fixed assets | 21/28 | €737,863 | €676,015 | -€61,848 | -8.4% |
| Tangible fixed assets | 22/27 | €737,863 | €676,015 | -€61,848 | -8.4% |
| Land and buildings | 22 | €737,307 | €675,823 | -€61,484 | -8.3% |
| Furniture and vehicles | 24 | €556 | €192 | -€363 | -65.4% |
| Current assets | 29/58 | €1,152,468 | €1,678,130 | +€525,663 | +45.6% |
| Amounts receivable within one year | 40/41 | €23,455 | €16,341 | -€7,114 | -30.3% |
| Trade receivables | 40 | €18,223 | €11,351 | -€6,873 | -37.7% |
| Other amounts receivable | 41 | €5,232 | €4,990 | -€241 | -4.6% |
| Current investments | 50/53 | €1,050,000 | €148,261 | -€901,739 | -85.9% |
| Cash at bank and in hand | 54/58 | €71,430 | €1,506,188 | +€1.4m | +2,009% |
| Deferred charges and accrued income | 490/1 | €7,583 | €7,340 | -€243 | -3.2% |
| Total equity and liabilities | 10/49 | €1,890,330 | €2,354,145 | +€463,815 | +24.5% |
| Equity | 10/15 | €1,873,461 | €2,240,499 | +€367,037 | +19.6% |
| Contributions | 10/11 | €1,240,000 | €1,240,000 | = | 0.0% |
| Capital | 10 | €1,240,000 | €1,240,000 | = | 0.0% |
| Issued capital | 100 | €1,240,000 | €1,240,000 | = | 0.0% |
| Reserves | 13 | €633,461 | €1,000,499 | +€367,037 | +57.9% |
| Non-distributable reserves | 130/1 | €124,000 | €124,000 | = | 0.0% |
| Legal reserve | 130 | €124,000 | €124,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €287,322 | +€287,322 | |
| Distributable reserves | 133 | €509,461 | €589,177 | +€79,716 | +15.6% |
| Provisions and deferred taxes | 16 | - | €95,774 | +€95,774 | |
| Deferred taxes | 168 | - | €95,774 | +€95,774 | |
| Amounts payable | 17/49 | €16,869 | €17,873 | +€1,004 | +6.0% |
| Amounts payable within one year | 42/48 | €14,575 | €16,925 | +€2,350 | +16.1% |
| Trade debts | 44 | €8,731 | €8,754 | +€23 | +0.3% |
| Suppliers | 440/4 | €8,731 | €8,754 | +€23 | +0.3% |
| Taxes, remuneration and social security | 45 | €3,917 | €8,152 | +€4,236 | +108% |
| Taxes | 450/3 | €3,917 | €8,152 | +€4,236 | +108% |
| Other amounts payable | 47/48 | €1,927 | €19 | -€1,908 | -99.0% |
| Accrued charges and deferred income | 492/3 | €2,294 | €948 | -€1,346 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,790 | €28,717 | -€45,072 | -61.1% |
| Other operating charges | 640/8 | €35,056 | €32,372 | -€2,684 | -7.7% |
| Gross operating margin | 9900 | €150,597 | €533,245 | +€382,648 | +254% |
| Operating profit (loss) | 9901 | €41,751 | €472,156 | +€430,405 | +1,031% |
| Financial income | 75/76B | €14,980 | €29,788 | +€14,807 | +98.8% |
| Recurring financial income | 75 | €14,980 | €29,788 | +€14,807 | +98.8% |
| Financial charges | 65/66B | €331 | €2,215 | +€1,884 | +569% |
| Recurring financial charges | 65 | €331 | €2,215 | +€1,884 | +569% |
| Profit (loss) for the period before taxes | 9903 | €56,400 | €499,729 | +€443,328 | +786% |
| Transfer to deferred taxes | 680 | - | €95,774 | +€95,774 | |
| Income taxes | 67/77 | - | €36,918 | +€36,918 | |
| Profit (loss) for the period | 9904 | €56,400 | €367,037 | +€310,637 | +551% |
| Transfer to tax-exempt reserves | 689 | - | €287,322 | +€287,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,400 | €79,716 | +€23,315 | +41.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.