MOELANS: 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.
MOELANS
Largest movements
- Current investments +€30,119
up €30,119 (+29.9%), from €100,606 to €130,725
- Cash -€21,348
down €21,348 (-44.6%), from €47,878 to €26,530
mainly Current investments (-€30,119) and Trade debts (-€3,649)
- Tangible fixed assets -€5,608
no longer reported in 2025 (was €5,608)
of which Plant, machinery and equipment: -€3,431
- Reserves +€9,553
up €9,553 (+4.5%), from €214,422 to €223,975
of which Distributable reserves: +€9,553
- Trade debts -€3,649
down €3,649 (-77.4%), from €4,717 to €1,068
- Tax, wage and social debts -€2,592
down €2,592 (-65.2%), from €3,976 to €1,385
- Gross operating margin -€39,984
down €39,984 (-75.1%), from €53,211 to €13,226
- Taxes -€9,804
down €9,804 (-64.6%), from €15,168 to €5,364
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 | €241,715 | €245,028 | +€3,313 | +1.4% |
| Fixed assets | 21/28 | €5,608 | - | -€5,608 | |
| Tangible fixed assets | 22/27 | €5,608 | - | -€5,608 | |
| Land and buildings | 22 | €1,113 | - | -€1,113 | |
| Plant, machinery and equipment | 23 | €3,431 | - | -€3,431 | |
| Furniture and vehicles | 24 | €1,065 | - | -€1,065 | |
| Current assets | 29/58 | €236,107 | €245,028 | +€8,921 | +3.8% |
| Amounts receivable after more than one year | 29 | €46,801 | €46,801 | = | 0.0% |
| Other amounts receivable | 291 | €46,801 | €46,801 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,822 | €40,972 | +€150 | +0.4% |
| Trade receivables | 40 | €37,140 | €8,895 | -€28,245 | -76.1% |
| Other amounts receivable | 41 | €3,682 | €32,077 | +€28,395 | +771.2% |
| Current investments | 50/53 | €100,606 | €130,725 | +€30,119 | +29.9% |
| Cash at bank and in hand | 54/58 | €47,878 | €26,530 | -€21,348 | -44.6% |
| Total equity and liabilities | 10/49 | €241,715 | €245,028 | +€3,313 | +1.4% |
| Equity | 10/15 | €233,022 | €242,575 | +€9,553 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,422 | €223,975 | +€9,553 | +4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €212,562 | €222,115 | +€9,553 | +4.5% |
| Amounts payable | 17/49 | €8,693 | €2,453 | -€6,240 | -71.8% |
| Amounts payable within one year | 42/48 | €8,693 | €2,453 | -€6,240 | -71.8% |
| Trade debts | 44 | €4,717 | €1,068 | -€3,649 | -77.4% |
| Suppliers | 440/4 | €4,717 | €1,068 | -€3,649 | -77.4% |
| Taxes, remuneration and social security | 45 | €3,976 | €1,385 | -€2,592 | -65.2% |
| Taxes | 450/3 | €3,976 | €1,385 | -€2,592 | -65.2% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318 | - | -€318 | |
| Other operating charges | 640/8 | €245 | €228 | -€17 | -6.8% |
| Gross operating margin | 9900 | €53,211 | €13,226 | -€39,984 | -75.1% |
| Operating profit (loss) | 9901 | €52,647 | €12,998 | -€39,649 | -75.3% |
| Financial income | 75/76B | €2,449 | €2,250 | -€199 | -8.1% |
| Recurring financial income | 75 | €2,449 | €2,250 | -€199 | -8.1% |
| Financial charges | 65/66B | €167 | €330 | +€164 | +98.3% |
| Recurring financial charges | 65 | €167 | €330 | +€164 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | €54,930 | €14,918 | -€40,013 | -72.8% |
| Income taxes | 67/77 | €15,168 | €5,364 | -€9,804 | -64.6% |
| Profit (loss) for the period | 9904 | €39,762 | €9,553 | -€30,209 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,762 | €9,553 | -€30,209 | -76.0% |
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 11 October 2026 via checked.be.