MOENS: 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.
MOENS
Largest movements
- Receivables after one year +€24,311
up €24,311 (+16.5%), from €146,987 to €171,299
- Receivables within one year -€13,382
down €13,382 (-37.2%), from €35,977 to €22,595
of which Trade receivables: -€8,412
- Tangible fixed assets +€8,198
up €8,198 (+16.6%), from €49,250 to €57,448
of which Other tangible fixed assets: +€11,890
- Reserves +€23,832
up €23,832 (+17.8%), from €134,128 to €157,960
- Tax, wage and social debts -€19,533
down €19,533 (-81.3%), from €24,024 to €4,491
- Trade debts +€15,765
up €15,765 (+50.2%), from €31,397 to €47,162
- Gross operating margin -€19,690
down €19,690 (-25.8%), from €76,239 to €56,549
- Taxes -€7,725
down €7,725 (-29.9%), from €25,816 to €18,091
- Financial charges +€1,283
up €1,283 (+31.3%), from €4,097 to €5,380
- Depreciation +€981
up €981 (+8.8%), from €11,105 to €12,086
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 | €233,531 | €253,094 | +€19,563 | +8.4% |
| Fixed assets | 21/28 | €49,250 | €57,448 | +€8,198 | +16.6% |
| Tangible fixed assets | 22/27 | €49,250 | €57,448 | +€8,198 | +16.6% |
| Plant, machinery and equipment | 23 | €4,862 | €2,964 | -€1,898 | -39.0% |
| Furniture and vehicles | 24 | €2,775 | €981 | -€1,794 | -64.6% |
| Other tangible fixed assets | 26 | €41,612 | €53,503 | +€11,890 | +28.6% |
| Current assets | 29/58 | €184,282 | €195,647 | +€11,365 | +6.2% |
| Amounts receivable after more than one year | 29 | €146,987 | €171,299 | +€24,311 | +16.5% |
| Other amounts receivable | 291 | €146,987 | €171,299 | +€24,311 | +16.5% |
| Amounts receivable within one year | 40/41 | €35,977 | €22,595 | -€13,382 | -37.2% |
| Trade receivables | 40 | €27,371 | €18,958 | -€8,412 | -30.7% |
| Other amounts receivable | 41 | €8,607 | €3,637 | -€4,970 | -57.7% |
| Cash at bank and in hand | 54/58 | €381 | €381 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €936 | €1,371 | +€436 | +46.5% |
| Total equity and liabilities | 10/49 | €233,531 | €253,094 | +€19,563 | +8.4% |
| Equity | 10/15 | €152,720 | €176,552 | +€23,832 | +15.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €134,128 | €157,960 | +€23,832 | +17.8% |
| Distributable reserves | 133 | €134,128 | €157,960 | +€23,832 | +17.8% |
| Amounts payable | 17/49 | €80,812 | €76,542 | -€4,269 | -5.3% |
| Amounts payable within one year | 42/48 | €79,576 | €76,542 | -€3,034 | -3.8% |
| Financial debts | 43 | €24,155 | €24,889 | +€734 | +3.0% |
| Credit institutions | 430/8 | €24,155 | €24,889 | +€734 | +3.0% |
| Trade debts | 44 | €31,397 | €47,162 | +€15,765 | +50.2% |
| Suppliers | 440/4 | €31,397 | €47,162 | +€15,765 | +50.2% |
| Taxes, remuneration and social security | 45 | €24,024 | €4,491 | -€19,533 | -81.3% |
| Taxes | 450/3 | €24,024 | €4,491 | -€19,533 | -81.3% |
| Accrued charges and deferred income | 492/3 | €1,236 | - | -€1,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,105 | €12,086 | +€981 | +8.8% |
| Other operating charges | 640/8 | €2,039 | €2,592 | +€553 | +27.1% |
| Gross operating margin | 9900 | €76,239 | €56,549 | -€19,690 | -25.8% |
| Operating profit (loss) | 9901 | €63,095 | €41,871 | -€21,224 | -33.6% |
| Financial income | 75/76B | €5,499 | €5,433 | -€66 | -1.2% |
| Recurring financial income | 75 | €5,499 | €5,433 | -€66 | -1.2% |
| Financial charges | 65/66B | €4,097 | €5,380 | +€1,283 | +31.3% |
| Recurring financial charges | 65 | €4,097 | €5,380 | +€1,283 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €64,496 | €41,923 | -€22,573 | -35.0% |
| Income taxes | 67/77 | €25,816 | €18,091 | -€7,725 | -29.9% |
| Profit (loss) for the period | 9904 | €38,680 | €23,832 | -€14,848 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,680 | €23,832 | -€14,848 | -38.4% |
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 10 October 2026 via checked.be.