MOEN ART CONSTRUCT: 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.
MOEN ART CONSTRUCT
Largest movements
- Cash +€124,699
up €124,699 (+85.1%), from €146,616 to €271,314
mainly Other debts (+€344,250) and Net result for the year (+€223,255)
- Receivables within one year +€90,258
up €90,258 (+74.8%), from €120,637 to €210,894
of which Other amounts receivable: +€173,280
- Tangible fixed assets -€27,299
down €27,299 (-81.6%), from €33,462 to €6,163
of which Plant, machinery and equipment: -€19,021
- Stocks and contracts -€14,016
no longer reported in 2025 (was €14,016)
- Deferred charges and accrued income +€6,223
up €6,223 (+347%), from €1,791 to €8,014
- Other debts +€344,250
new in 2025: €344,250
- Profit (loss) carried forward -€181,745
down €181,745 (-98.2%), from €185,004 to €3,259
- Tax, wage and social debts +€43,007
up €43,007 (+242%), from €17,743 to €60,750
of which Taxes: +€48,561
- Trade debts -€17,768
down €17,768 (-78.9%), from €22,531 to €4,763
- Gross operating margin +€111,227
up €111,227 (+41.5%), from €267,813 to €379,040
- Taxes +€22,274
up €22,274 (+42.5%), from €52,426 to €74,700
- Staff costs -€5,133
down €5,133 (-6.7%), from €76,523 to €71,391
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 | €316,632 | €496,496 | +€179,864 | +56.8% |
| Formation expenses | 20 | €110 | €110 | = | 0.0% |
| Fixed assets | 21/28 | €33,462 | €6,163 | -€27,299 | -81.6% |
| Tangible fixed assets | 22/27 | €33,462 | €6,163 | -€27,299 | -81.6% |
| Plant, machinery and equipment | 23 | €20,483 | €1,462 | -€19,021 | -92.9% |
| Furniture and vehicles | 24 | €12,980 | €4,702 | -€8,278 | -63.8% |
| Current assets | 29/58 | €283,060 | €490,223 | +€207,163 | +73.2% |
| Stocks and contracts in progress | 3 | €14,016 | - | -€14,016 | |
| Stocks | 30/36 | €14,016 | - | -€14,016 | |
| Amounts receivable within one year | 40/41 | €120,637 | €210,894 | +€90,258 | +74.8% |
| Trade receivables | 40 | €105,397 | €22,375 | -€83,022 | -78.8% |
| Other amounts receivable | 41 | €15,240 | €188,520 | +€173,280 | +1,137% |
| Cash at bank and in hand | 54/58 | €146,616 | €271,314 | +€124,699 | +85.1% |
| Deferred charges and accrued income | 490/1 | €1,791 | €8,014 | +€6,223 | +347% |
| Total equity and liabilities | 10/49 | €316,632 | €496,496 | +€179,864 | +56.8% |
| Equity | 10/15 | €265,004 | €83,259 | -€181,745 | -68.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,004 | €3,259 | -€181,745 | -98.2% |
| Amounts payable | 17/49 | €51,628 | €413,237 | +€361,609 | +700% |
| Amounts payable after more than one year | 17 | €8,000 | €3,474 | -€4,526 | -56.6% |
| Financial debts | 170/4 | €8,000 | €3,474 | -€4,526 | -56.6% |
| Amounts payable within one year | 42/48 | €43,628 | €409,763 | +€366,135 | +839% |
| Current portion of amounts payable after more than one year | 42 | €3,354 | - | -€3,354 | |
| Trade debts | 44 | €22,531 | €4,763 | -€17,768 | -78.9% |
| Suppliers | 440/4 | €22,531 | €4,763 | -€17,768 | -78.9% |
| Taxes, remuneration and social security | 45 | €17,743 | €60,750 | +€43,007 | +242% |
| Taxes | 450/3 | €12,189 | €60,750 | +€48,561 | +398% |
| Remuneration and social security | 454/9 | €5,554 | - | -€5,554 | |
| Other amounts payable | 47/48 | - | €344,250 | +€344,250 | |
| Non-recurring operating income | 76A | - | €224,805 | +€224,805 | |
| Remuneration, social security and pensions | 62 | €76,523 | €71,391 | -€5,133 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,644 | €6,496 | -€148 | -2.2% |
| Other operating charges | 640/8 | €2,817 | €2,380 | -€437 | -15.5% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €267,813 | €379,040 | +€111,227 | +41.5% |
| Operating profit (loss) | 9901 | €181,828 | €298,773 | +€116,945 | +64.3% |
| Financial income | 75/76B | €0 | €85 | +€85 | +850,400% |
| Recurring financial income | 75 | €0 | €85 | +€85 | +850,400% |
| Financial charges | 65/66B | €749 | €903 | +€153 | +20.5% |
| Recurring financial charges | 65 | €749 | €903 | +€153 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €181,079 | €297,955 | +€116,876 | +64.5% |
| Income taxes | 67/77 | €52,426 | €74,700 | +€22,274 | +42.5% |
| Profit (loss) for the period | 9904 | €128,653 | €223,255 | +€94,602 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €128,653 | €223,255 | +€94,602 | +73.5% |
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 14 October 2026 via checked.be.