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
- Current investments +€300,000
up €300,000 (+120.0%), from €250,000 to €550,000
- Cash -€153,894
down €153,894 (-21.4%), from €719,886 to €565,992
mainly Current investments (-€300,000) and Contributions, distributions and other (-€177,350)
- Receivables within one year -€20,614
down €20,614 (-51.4%), from €40,077 to €19,463
of which Trade receivables: -€20,477
- Tangible fixed assets -€16,542
down €16,542 (-22.7%), from €72,832 to €56,290
- Reserves +€127,389
up €127,389 (+9.9%), from €1.3m to €1.4m
of which Distributable reserves: +€127,389
- Gross operating margin +€152,245
up €152,245 (+52.2%), from €291,458 to €443,704
- Taxes +€51,047
up €51,047 (+60.5%), from €84,415 to €135,462
- Financial income +€8,806
up €8,806 (+166.9%), from €5,275 to €14,081
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,474,911 | €1,588,497 | +€113,586 | +7.7% |
| Fixed assets | 21/28 | €460,832 | €444,290 | -€16,542 | -3.6% |
| Tangible fixed assets | 22/27 | €72,832 | €56,290 | -€16,542 | -22.7% |
| Furniture and vehicles | 24 | €72,832 | €56,290 | -€16,542 | -22.7% |
| Financial fixed assets | 28 | €388,000 | €388,000 | = | 0.0% |
| Current assets | 29/58 | €1,014,079 | €1,144,207 | +€130,128 | +12.8% |
| Stocks and contracts in progress | 3 | €425 | €279 | -€146 | -34.4% |
| Stocks | 30/36 | €425 | €279 | -€146 | -34.4% |
| Amounts receivable within one year | 40/41 | €40,077 | €19,463 | -€20,614 | -51.4% |
| Trade receivables | 40 | €39,941 | €19,463 | -€20,477 | -51.3% |
| Other amounts receivable | 41 | €137 | - | -€137 | |
| Current investments | 50/53 | €250,000 | €550,000 | +€300,000 | +120.0% |
| Cash at bank and in hand | 54/58 | €719,886 | €565,992 | -€153,894 | -21.4% |
| Deferred charges and accrued income | 490/1 | €3,691 | €8,473 | +€4,781 | +129.5% |
| Total equity and liabilities | 10/49 | €1,474,911 | €1,588,497 | +€113,586 | +7.7% |
| Equity | 10/15 | €1,375,407 | €1,499,616 | +€124,209 | +9.0% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €1,287,228 | €1,414,616 | +€127,389 | +9.9% |
| Tax-exempt reserves | 132 | €11,838 | €11,838 | = | 0.0% |
| Distributable reserves | 133 | €1,275,390 | €1,402,778 | +€127,389 | +10.0% |
| Profit (loss) carried forward | 14 | €3,179 | - | -€3,179 | |
| Amounts payable | 17/49 | €99,504 | €88,881 | -€10,624 | -10.7% |
| Amounts payable within one year | 42/48 | €99,504 | €88,881 | -€10,624 | -10.7% |
| Trade debts | 44 | €7,254 | €3,542 | -€3,712 | -51.2% |
| Suppliers | 440/4 | €7,254 | €3,542 | -€3,712 | -51.2% |
| Taxes, remuneration and social security | 45 | €60,150 | €51,189 | -€8,962 | -14.9% |
| Taxes | 450/3 | €56,378 | €47,417 | -€8,962 | -15.9% |
| Remuneration and social security | 454/9 | €3,772 | €3,772 | = | 0.0% |
| Other amounts payable | 47/48 | €32,100 | €34,150 | +€2,050 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,784 | €19,264 | +€480 | +2.6% |
| Other operating charges | 640/8 | €1,255 | €1,368 | +€112 | +8.9% |
| Gross operating margin | 9900 | €291,458 | €443,704 | +€152,245 | +52.2% |
| Operating profit (loss) | 9901 | €271,419 | €423,072 | +€151,653 | +55.9% |
| Financial income | 75/76B | €5,275 | €14,081 | +€8,806 | +166.9% |
| Recurring financial income | 75 | €5,275 | €14,081 | +€8,806 | +166.9% |
| Financial charges | 65/66B | €148 | €132 | -€16 | -10.7% |
| Recurring financial charges | 65 | €148 | €132 | -€16 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €276,547 | €437,021 | +€160,475 | +58.0% |
| Income taxes | 67/77 | €84,415 | €135,462 | +€51,047 | +60.5% |
| Profit (loss) for the period | 9904 | €192,131 | €301,559 | +€109,428 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €192,131 | €301,559 | +€109,428 | +57.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.