MOEMOE: 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.
MOEMOE
Largest movements
- Cash +€20,201
up €20,201 (+46.8%), from €43,123 to €63,324
mainly Other debts (+€49,705) and Net result for the year (+€36,422)
- Tangible fixed assets -€5,360
down €5,360 (-16.6%), from €32,281 to €26,921
of which Plant, machinery and equipment: -€3,419
- Receivables within one year +€1,256
up €1,256 (+77.4%), from €1,623 to €2,879
of which Other amounts receivable: +€2,099
- Other debts +€49,705
up €49,705 (+327.2%), from €15,191 to €64,896
- Reserves -€25,578
down €25,578 (-99.4%), from €25,726 to €149
- Trade debts -€6,553
down €6,553 (-59.0%), from €11,100 to €4,547
- Debts after one year -€3,150
down €3,150 (-55.1%), from €5,712 to €2,562
- Tax, wage and social debts +€1,725
up €1,725 (+5.7%), from €30,353 to €32,078
of which Remuneration and social security: +€1,074
- Gross operating margin +€21,528
up €21,528 (+16.5%), from €130,821 to €152,349
- Staff costs +€14,687
up €14,687 (+18.3%), from €80,185 to €94,872
- Taxes +€2,681
up €2,681 (+38.6%), from €6,943 to €9,624
- Depreciation +€1,691
up €1,691 (+28.6%), from €5,917 to €7,608
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 | €96,201 | €112,986 | +€16,786 | +17.4% |
| Fixed assets | 21/28 | €36,781 | €31,421 | -€5,360 | -14.6% |
| Tangible fixed assets | 22/27 | €32,281 | €26,921 | -€5,360 | -16.6% |
| Plant, machinery and equipment | 23 | €11,116 | €7,696 | -€3,419 | -30.8% |
| Furniture and vehicles | 24 | €12,913 | €12,098 | -€815 | -6.3% |
| Other tangible fixed assets | 26 | €8,252 | €7,126 | -€1,126 | -13.6% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €59,420 | €81,566 | +€22,146 | +37.3% |
| Stocks and contracts in progress | 3 | €14,183 | €14,850 | +€667 | +4.7% |
| Stocks | 30/36 | €14,183 | €14,850 | +€667 | +4.7% |
| Amounts receivable within one year | 40/41 | €1,623 | €2,879 | +€1,256 | +77.4% |
| Trade receivables | 40 | €1,163 | €320 | -€843 | -72.5% |
| Other amounts receivable | 41 | €460 | €2,559 | +€2,099 | +456.1% |
| Cash at bank and in hand | 54/58 | €43,123 | €63,324 | +€20,201 | +46.8% |
| Deferred charges and accrued income | 490/1 | €491 | €512 | +€22 | +4.4% |
| Total equity and liabilities | 10/49 | €96,201 | €112,986 | +€16,786 | +17.4% |
| Equity | 10/15 | €30,726 | €5,149 | -€25,578 | -83.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,726 | €149 | -€25,578 | -99.4% |
| Distributable reserves | 133 | €25,726 | €149 | -€25,578 | -99.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,474 | €107,838 | +€42,363 | +64.7% |
| Amounts payable after more than one year | 17 | €5,712 | €2,562 | -€3,150 | -55.1% |
| Financial debts | 170/4 | €5,712 | €2,562 | -€3,150 | -55.1% |
| Amounts payable within one year | 42/48 | €59,763 | €105,276 | +€45,513 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €3,118 | €3,150 | +€32 | +1.0% |
| Trade debts | 44 | €11,100 | €4,547 | -€6,553 | -59.0% |
| Suppliers | 440/4 | €11,100 | €4,547 | -€6,553 | -59.0% |
| Advances received on contracts in progress | 46 | - | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €30,353 | €32,078 | +€1,725 | +5.7% |
| Taxes | 450/3 | €14,102 | €14,753 | +€651 | +4.6% |
| Remuneration and social security | 454/9 | €16,252 | €17,325 | +€1,074 | +6.6% |
| Other amounts payable | 47/48 | €15,191 | €64,896 | +€49,705 | +327.2% |
| Remuneration, social security and pensions | 62 | €80,185 | €94,872 | +€14,687 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,917 | €7,608 | +€1,691 | +28.6% |
| Other operating charges | 640/8 | €2,937 | €2,556 | -€381 | -13.0% |
| Gross operating margin | 9900 | €130,821 | €152,349 | +€21,528 | +16.5% |
| Operating profit (loss) | 9901 | €41,782 | €47,313 | +€5,532 | +13.2% |
| Financial income | 75/76B | €19 | €149 | +€129 | +669.6% |
| Recurring financial income | 75 | €19 | €149 | +€129 | +669.6% |
| Financial charges | 65/66B | €859 | €1,416 | +€557 | +64.8% |
| Recurring financial charges | 65 | €859 | €1,416 | +€557 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €40,942 | €46,046 | +€5,104 | +12.5% |
| Income taxes | 67/77 | €6,943 | €9,624 | +€2,681 | +38.6% |
| Profit (loss) for the period | 9904 | €33,999 | €36,422 | +€2,423 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,999 | €36,422 | +€2,423 | +7.1% |
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.