MOENS: 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.
MOENS
Largest movements
- Cash -€526,355
down €526,355 (-52.2%), from €1.0m to €482,535
mainly Current investments (-€294,682) and Investment in fixed assets (net) (-€221,480)
- Current investments +€294,682
up €294,682 (+65.1%), from €452,700 to €747,382
- Tangible fixed assets +€93,397
up €93,397 (+5.5%), from €1.7m to €1.8m
of which Furniture and vehicles: +€54,871
- Stocks and contracts +€61,835
up €61,835 (+12.7%), from €485,778 to €547,613
- Receivables within one year +€41,422
up €41,422 (+133.1%), from €31,121 to €72,543
of which Other amounts receivable: +€44,085
- Reserves +€193,159
up €193,159 (+10.2%), from €1.9m to €2.1m
of which Distributable reserves: +€108,959
- Other debts -€130,521
down €130,521 (-13.9%), from €935,953 to €805,432
- Debts after one year -€64,392
down €64,392 (-11.0%), from €584,892 to €520,500
- Taxes -€29,081
down €29,081 (-36.9%), from €78,838 to €49,757
- Gross operating margin -€29,071
down €29,071 (-4.3%), from €676,282 to €647,211
- Depreciation +€17,174
up €17,174 (+15.5%), from €110,909 to €128,083
- Financial charges -€7,254
down €7,254 (-7.9%), from €92,334 to €85,080
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 | €3,667,944 | €3,642,925 | -€25,019 | -0.7% |
| Fixed assets | 21/28 | €1,689,455 | €1,782,852 | +€93,397 | +5.5% |
| Tangible fixed assets | 22/27 | €1,689,157 | €1,782,555 | +€93,397 | +5.5% |
| Land and buildings | 22 | €1,645,512 | €1,666,502 | +€20,990 | +1.3% |
| Plant, machinery and equipment | 23 | €10,052 | €27,589 | +€17,537 | +174.5% |
| Furniture and vehicles | 24 | €33,594 | €88,464 | +€54,871 | +163.3% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €1,978,489 | €1,860,073 | -€118,416 | -6.0% |
| Stocks and contracts in progress | 3 | €485,778 | €547,613 | +€61,835 | +12.7% |
| Stocks | 30/36 | €485,778 | €547,613 | +€61,835 | +12.7% |
| Amounts receivable within one year | 40/41 | €31,121 | €72,543 | +€41,422 | +133.1% |
| Trade receivables | 40 | €14,152 | €11,489 | -€2,663 | -18.8% |
| Other amounts receivable | 41 | €16,969 | €61,054 | +€44,085 | +259.8% |
| Current investments | 50/53 | €452,700 | €747,382 | +€294,682 | +65.1% |
| Cash at bank and in hand | 54/58 | €1,008,890 | €482,535 | -€526,355 | -52.2% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €3,667,944 | €3,642,925 | -€25,019 | -0.7% |
| Equity | 10/15 | €1,904,825 | €2,097,984 | +€193,159 | +10.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,886,275 | €2,079,434 | +€193,159 | +10.2% |
| Tax-exempt reserves | 132 | €84,200 | €168,400 | +€84,200 | +100.0% |
| Distributable reserves | 133 | €1,802,075 | €1,911,034 | +€108,959 | +6.0% |
| Amounts payable | 17/49 | €1,763,119 | €1,544,941 | -€218,178 | -12.4% |
| Amounts payable after more than one year | 17 | €584,892 | €520,500 | -€64,392 | -11.0% |
| Financial debts | 170/4 | €584,892 | €520,500 | -€64,392 | -11.0% |
| Amounts payable within one year | 42/48 | €1,178,227 | €1,024,441 | -€153,786 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €62,156 | €64,392 | +€2,236 | +3.6% |
| Trade debts | 44 | €87,212 | €97,501 | +€10,289 | +11.8% |
| Suppliers | 440/4 | €87,212 | €97,501 | +€10,289 | +11.8% |
| Advances received on contracts in progress | 46 | €1,028 | €1,607 | +€580 | +56.4% |
| Taxes, remuneration and social security | 45 | €91,879 | €55,509 | -€36,370 | -39.6% |
| Taxes | 450/3 | €67,979 | €31,991 | -€35,988 | -52.9% |
| Remuneration and social security | 454/9 | €23,900 | €23,518 | -€383 | -1.6% |
| Other amounts payable | 47/48 | €935,953 | €805,432 | -€130,521 | -13.9% |
| Remuneration, social security and pensions | 62 | €215,420 | €212,158 | -€3,262 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,909 | €128,083 | +€17,174 | +15.5% |
| Other operating charges | 640/8 | €5,972 | €6,179 | +€207 | +3.5% |
| Gross operating margin | 9900 | €676,282 | €647,211 | -€29,071 | -4.3% |
| Operating profit (loss) | 9901 | €343,981 | €300,792 | -€43,189 | -12.6% |
| Financial income | 75/76B | €26,006 | €27,205 | +€1,199 | +4.6% |
| Recurring financial income | 75 | €26,006 | €27,205 | +€1,199 | +4.6% |
| Financial charges | 65/66B | €92,334 | €85,080 | -€7,254 | -7.9% |
| Recurring financial charges | 65 | €92,334 | €85,080 | -€7,254 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €277,652 | €242,916 | -€34,736 | -12.5% |
| Income taxes | 67/77 | €78,838 | €49,757 | -€29,081 | -36.9% |
| Profit (loss) for the period | 9904 | €198,814 | €193,159 | -€5,655 | -2.8% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,614 | €108,959 | -€5,655 | -4.9% |
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 6 October 2026 via checked.be.