Moeke's: 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.
Moeke's
Largest movements
- Cash +€13,512
up €13,512 (+182%), from €7,432 to €20,944
mainly Trade debts (+€13,404) and Tax, wage and social debts (+€8,183)
- Receivables within one year -€4,982
down €4,982 (-14.9%), from €33,496 to €28,514
of which Trade receivables: -€7,124
- Deferred charges and accrued income +€4,247
up €4,247 (+3,539%), from €120 to €4,367
- Tangible fixed assets -€2,087
down €2,087 (-12.2%), from €17,062 to €14,975
of which Plant, machinery and equipment: -€2,028
- Stocks and contracts +€1,847
up €1,847 (+30.3%), from €6,100 to €7,946
- Profit (loss) carried forward -€14,684
down €14,684, from €786 to -€13,898
- Trade debts +€13,404
up €13,404 (+47.8%), from €28,070 to €41,474
- Tax, wage and social debts +€8,183
up €8,183 (+27.5%), from €29,793 to €37,976
of which Taxes: +€4,564
- Other debts +€4,765
new in 2025: €4,765
- Accrued charges and deferred income +€3,405
new in 2025: €3,405
- Gross operating margin -€34,486
down €34,486 (-34.0%), from €101,298 to €66,812
- Staff costs -€16,047
down €16,047 (-19.3%), from €83,072 to €67,025
- Other operating charges +€5,706
up €5,706 (+150%), from €3,804 to €9,510
- Taxes -€2,602
down €2,602 (-92.3%), from €2,819 to €217
- Financial charges -€1,324
down €1,324 (-36.0%), from €3,683 to €2,358
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 | €64,924 | €77,222 | +€12,298 | +18.9% |
| Formation expenses | 20 | €715 | €477 | -€238 | -33.3% |
| Fixed assets | 21/28 | €17,062 | €14,975 | -€2,087 | -12.2% |
| Tangible fixed assets | 22/27 | €17,062 | €14,975 | -€2,087 | -12.2% |
| Plant, machinery and equipment | 23 | €9,004 | €6,976 | -€2,028 | -22.5% |
| Furniture and vehicles | 24 | - | €864 | +€864 | |
| Other tangible fixed assets | 26 | €8,058 | €7,134 | -€924 | -11.5% |
| Current assets | 29/58 | €47,148 | €61,771 | +€14,623 | +31.0% |
| Stocks and contracts in progress | 3 | €6,100 | €7,946 | +€1,847 | +30.3% |
| Stocks | 30/36 | €6,100 | €7,946 | +€1,847 | +30.3% |
| Amounts receivable within one year | 40/41 | €33,496 | €28,514 | -€4,982 | -14.9% |
| Trade receivables | 40 | €13,538 | €6,414 | -€7,124 | -52.6% |
| Other amounts receivable | 41 | €19,959 | €22,101 | +€2,142 | +10.7% |
| Cash at bank and in hand | 54/58 | €7,432 | €20,944 | +€13,512 | +182% |
| Deferred charges and accrued income | 490/1 | €120 | €4,367 | +€4,247 | +3,539% |
| Total equity and liabilities | 10/49 | €64,924 | €77,222 | +€12,298 | +18.9% |
| Equity | 10/15 | €1,786 | -€12,898 | -€14,684 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €786 | -€13,898 | -€14,684 | |
| Amounts payable | 17/49 | €63,138 | €90,120 | +€26,982 | +42.7% |
| Amounts payable after more than one year | 17 | €5,250 | €2,500 | -€2,750 | -52.4% |
| Financial debts | 170/4 | €5,250 | €2,500 | -€2,750 | -52.4% |
| Amounts payable within one year | 42/48 | €57,888 | €84,215 | +€26,327 | +45.5% |
| Trade debts | 44 | €28,070 | €41,474 | +€13,404 | +47.8% |
| Suppliers | 440/4 | €28,070 | €41,474 | +€13,404 | +47.8% |
| Advances received on contracts in progress | 46 | €24 | €0 | -€24 | -100% |
| Taxes, remuneration and social security | 45 | €29,793 | €37,976 | +€8,183 | +27.5% |
| Taxes | 450/3 | €18,970 | €23,534 | +€4,564 | +24.1% |
| Remuneration and social security | 454/9 | €10,823 | €14,442 | +€3,619 | +33.4% |
| Other amounts payable | 47/48 | - | €4,765 | +€4,765 | |
| Accrued charges and deferred income | 492/3 | - | €3,405 | +€3,405 | |
| Remuneration, social security and pensions | 62 | €83,072 | €67,025 | -€16,047 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,294 | €3,504 | +€1,210 | +52.7% |
| Other operating charges | 640/8 | €3,804 | €9,510 | +€5,706 | +150% |
| Gross operating margin | 9900 | €101,298 | €66,812 | -€34,486 | -34.0% |
| Operating profit (loss) | 9901 | €12,128 | -€13,226 | -€25,354 | |
| Financial income | 75/76B | €25 | €1,117 | +€1,092 | +4,296% |
| Recurring financial income | 75 | €25 | €1,117 | +€1,092 | +4,296% |
| Financial charges | 65/66B | €3,683 | €2,358 | -€1,324 | -36.0% |
| Recurring financial charges | 65 | €3,683 | €2,358 | -€1,324 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €8,471 | -€14,467 | -€22,938 | |
| Income taxes | 67/77 | €2,819 | €217 | -€2,602 | -92.3% |
| Profit (loss) for the period | 9904 | €5,652 | -€14,684 | -€20,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,652 | -€14,684 | -€20,336 |
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 19 October 2026 via checked.be.