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.
What changed
MOENS
NACE 47.770, Retail sale of watches and jewellery
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,395
2024 · €18,906+€19,489
Equity
€1.2m
2024 · €1.2m+€38,395
Cash
€123,161
2024 · €121,147+€2,014
Balance sheet total
€1.8m
2024 · €1.8m+€10,391
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Current portion of long-term debt -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Profit (loss) carried forward +€38,395
up €38,395 (+19.5%), from €197,100 to €235,495
- Other debts +€20,767
up €20,767 (+4.0%), from €513,065 to €533,832
Income statement
- Write-downs -€56,126
down €56,126 (-73.4%), from €76,504 to €20,378
- Gross operating margin -€35,349
down €35,349 (-27.4%), from €129,240 to €93,891
- Depreciation -€9,040
down €9,040 (-51.4%), from €17,577 to €8,538
- Taxes +€7,843
new in 2025: €7,843
- Other operating charges +€6,076
up €6,076 (+54.1%), from €11,225 to €17,301
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.
Result 2024
€18,906
Gross operating margin
-€35,349
Depreciation
+€9,040
Write-downs
+€56,126
Other operating charges
-€6,076
Financial income
-€22
Financial charges
+€3,613
Taxes
-€7,843
Result 2025
€38,395
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.
From operations
+€70,348
Investment
-€8,334
Financing
-€60,000
Cash 2024
€121,147
From operations (derived)
+€70,348
Net result for the year
+€38,395
Depreciation
+€8,538
Stocks and contracts
-€4,596
Receivables within one year
-€2,790
Deferred charges and accrued income
-€1,196
Trade debts
+€9,875
Tax, wage and social debts
+€1,853
Advances received
-€499
Other debts
+€20,767
Investment (derived)
-€8,334
Investment in fixed assets (net)
-€8,334
Financing
-€60,000
Current portion of long-term debt
-€60,000
Cash 2025
€123,161
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,793,104 | €1,803,495 | +€10,391 | +0.6% |
| Fixed assets | 21/28 | €981,529 | €981,325 | -€204 | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €981,529 | €981,325 | -€204 | 0.0% |
| Land and buildings | 22 | €976,790 | €975,547 | -€1,243 | -0.1% |
| Plant, machinery and equipment | 23 | €0 | €1,040 | +€1,040 | |
| Furniture and vehicles | 24 | €4,739 | €4,739 | = | 0.0% |
| Current assets | 29/58 | €811,575 | €822,170 | +€10,595 | +1.3% |
| Stocks and contracts in progress | 3 | €687,330 | €691,926 | +€4,596 | +0.7% |
| Stocks | 30/36 | €687,330 | €691,926 | +€4,596 | +0.7% |
| Amounts receivable within one year | 40/41 | €0 | €2,790 | +€2,790 | |
| Other amounts receivable | 41 | €0 | €2,790 | +€2,790 | |
| Cash at bank and in hand | 54/58 | €121,147 | €123,161 | +€2,014 | +1.7% |
| Deferred charges and accrued income | 490/1 | €3,098 | €4,293 | +€1,196 | +38.6% |
| Total equity and liabilities | 10/49 | €1,793,104 | €1,803,495 | +€10,391 | +0.6% |
| Equity | 10/15 | €1,205,100 | €1,243,495 | +€38,395 | +3.2% |
| Contributions | 10/11 | €975,000 | €975,000 | = | 0.0% |
| Capital | 10 | €975,000 | €975,000 | = | 0.0% |
| Issued capital | 100 | €975,000 | €975,000 | = | 0.0% |
| Reserves | 13 | €33,000 | €33,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,000 | €28,000 | = | 0.0% |
| Legal reserve | 130 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,100 | €235,495 | +€38,395 | +19.5% |
| Amounts payable | 17/49 | €588,004 | €560,001 | -€28,004 | -4.8% |
| Amounts payable within one year | 42/48 | €587,668 | €559,665 | -€28,004 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €0 | -€60,000 | -100.0% |
| Trade debts | 44 | €8,505 | €18,380 | +€9,875 | +116.1% |
| Suppliers | 440/4 | €8,505 | €18,380 | +€9,875 | +116.1% |
| Advances received on contracts in progress | 46 | €499 | €0 | -€499 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,600 | €7,453 | +€1,853 | +33.1% |
| Taxes | 450/3 | €5,600 | €7,453 | +€1,853 | +33.1% |
| Other amounts payable | 47/48 | €513,065 | €533,832 | +€20,767 | +4.0% |
| Accrued charges and deferred income | 492/3 | €336 | €336 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,577 | €8,538 | -€9,040 | -51.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €76,504 | €20,378 | -€56,126 | -73.4% |
| Other operating charges | 640/8 | €11,225 | €17,301 | +€6,076 | +54.1% |
| Gross operating margin | 9900 | €129,240 | €93,891 | -€35,349 | -27.4% |
| Operating profit (loss) | 9901 | €23,934 | €47,675 | +€23,741 | +99.2% |
| Financial income | 75/76B | €1,465 | €1,443 | -€22 | -1.5% |
| Recurring financial income | 75 | €1,465 | €1,443 | -€22 | -1.5% |
| Financial charges | 65/66B | €6,493 | €2,880 | -€3,613 | -55.6% |
| Recurring financial charges | 65 | €6,493 | €2,880 | -€3,613 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €18,906 | €46,238 | +€27,332 | +144.6% |
| Income taxes | 67/77 | - | €7,843 | +€7,843 | |
| Profit (loss) for the period | 9904 | €18,906 | €38,395 | +€19,489 | +103.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,906 | €38,395 | +€19,489 | +103.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.