MOEISKI: 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.
MOEISKI
Largest movements
- Cash +€3,185
up €3,185 (+983.5%), from €324 to €3,509
mainly Current portion of long-term debt (+€3,085) and Trade debts (+€2,674)
- Receivables within one year -€1,150
down €1,150 (-26.7%), from €4,310 to €3,160
of which Other amounts receivable: -€991
- Stocks and contracts +€724
up €724 (+4.6%), from €15,679 to €16,403
- Formation expenses -€691
down €691 (-25.6%), from €2,699 to €2,008
- Intangible fixed assets -€512
down €512 (-20.8%), from €2,462 to €1,950
- Debts after one year -€3,992
down €3,992 (-31.8%), from €12,534 to €8,543
- Current portion of long-term debt +€3,085
up €3,085 (+47.0%), from €6,569 to €9,653
- Trade debts +€2,674
up €2,674 (+103.2%), from €2,592 to €5,266
- Gross operating margin +€2,242
up €2,242 (+221.7%), from €1,011 to €3,253
- Other operating charges -€406
down €406 (-34.3%), from €1,182 to €776
- Depreciation +€349
up €349 (+40.9%), from €853 to €1,203
- Write-downs +€302
new in 2025: €302
- Financial charges -€59
down €59 (-6.6%), from €896 to €838
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 | €25,598 | €27,397 | +€1,799 | +7.0% |
| Formation expenses | 20 | €2,699 | €2,008 | -€691 | -25.6% |
| Fixed assets | 21/28 | €2,462 | €1,950 | -€512 | -20.8% |
| Intangible fixed assets | 21 | €2,462 | €1,950 | -€512 | -20.8% |
| Current assets | 29/58 | €20,437 | €23,439 | +€3,002 | +14.7% |
| Stocks and contracts in progress | 3 | €15,679 | €16,403 | +€724 | +4.6% |
| Stocks | 30/36 | €15,679 | €16,403 | +€724 | +4.6% |
| Amounts receivable within one year | 40/41 | €4,310 | €3,160 | -€1,150 | -26.7% |
| Trade receivables | 40 | €1,904 | €1,746 | -€159 | -8.3% |
| Other amounts receivable | 41 | €2,405 | €1,414 | -€991 | -41.2% |
| Cash at bank and in hand | 54/58 | €324 | €3,509 | +€3,185 | +983.5% |
| Deferred charges and accrued income | 490/1 | €124 | €368 | +€243 | +195.9% |
| Total equity and liabilities | 10/49 | €25,598 | €27,397 | +€1,799 | +7.0% |
| Equity | 10/15 | €2,097 | €2,231 | +€135 | +6.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,903 | -€1,769 | +€135 | +7.1% |
| Amounts payable | 17/49 | €23,501 | €25,166 | +€1,665 | +7.1% |
| Amounts payable after more than one year | 17 | €12,534 | €8,543 | -€3,992 | -31.8% |
| Financial debts | 170/4 | €12,534 | €8,543 | -€3,992 | -31.8% |
| Amounts payable within one year | 42/48 | €9,959 | €15,821 | +€5,862 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €6,569 | €9,653 | +€3,085 | +47.0% |
| Trade debts | 44 | €2,592 | €5,266 | +€2,674 | +103.2% |
| Suppliers | 440/4 | €2,592 | €5,266 | +€2,674 | +103.2% |
| Taxes, remuneration and social security | 45 | - | €109 | +€109 | |
| Taxes | 450/3 | - | €109 | +€109 | |
| Other amounts payable | 47/48 | €799 | €793 | -€6 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,007 | €802 | -€205 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €853 | €1,203 | +€349 | +40.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €302 | +€302 | |
| Other operating charges | 640/8 | €1,182 | €776 | -€406 | -34.3% |
| Gross operating margin | 9900 | €1,011 | €3,253 | +€2,242 | +221.7% |
| Operating profit (loss) | 9901 | -€1,024 | €972 | +€1,996 | |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.8% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.8% |
| Financial charges | 65/66B | €896 | €838 | -€59 | -6.6% |
| Recurring financial charges | 65 | €896 | €838 | -€59 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,903 | €135 | +€2,038 | |
| Profit (loss) for the period | 9904 | -€1,903 | €135 | +€2,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,903 | €135 | +€2,038 |
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 4 October 2026 via checked.be.