MOENS-BONJEAN: what changed
MOENS-BONJEAN
Largest movements
- Cash +€38,925
up €38,925 (+96.6%), from €40,296 to €79,221
mainly Other debts (+€99,111) and Depreciation (+€26,798)
- Tangible fixed assets -€26,798
down €26,798 (-34.1%), from €78,632 to €51,834
- Receivables within one year -€21,497
down €21,497 (-10.6%), from €202,223 to €180,726
- Other debts +€99,111
up €99,111 (+66,238%), from €150 to €99,261
- Reserves -€74,745
down €74,745 (-55.2%), from €135,287 to €60,541
of which Tax-exempt reserves: -€37,734
- Profit (loss) carried forward -€40,847
new in 2025: -€40,847
- Tax, wage and social debts +€7,523
up €7,523 (+31.9%), from €23,570 to €31,094
- Financial income -€94,798
down €94,798 (-97.6%), from €97,179 to €2,381
of which Non-recurring financial income: -€95,044
- Gross operating margin -€69,285
down €69,285, from €30,421 to -€38,864
- Taxes -€15,533
down €15,533 (-59.8%), from €25,956 to €10,423
- Financial charges -€8,841
down €8,841 (-97.3%), from €9,085 to €245
- Write-downs -€7,611
no longer reported in 2025 (was €7,611)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,846 | €311,781 | -€10,065 | -3.1% |
| Fixed assets | 21/28 | €78,632 | €51,834 | -€26,798 | -34.1% |
| Tangible fixed assets | 22/27 | €78,632 | €51,834 | -€26,798 | -34.1% |
| Furniture and vehicles | 24 | €78,632 | €51,834 | -€26,798 | -34.1% |
| Current assets | 29/58 | €243,214 | €259,947 | +€16,733 | +6.9% |
| Amounts receivable within one year | 40/41 | €202,223 | €180,726 | -€21,497 | -10.6% |
| Other amounts receivable | 41 | €202,223 | €180,726 | -€21,497 | -10.6% |
| Cash at bank and in hand | 54/58 | €40,296 | €79,221 | +€38,925 | +96.6% |
| Deferred charges and accrued income | 490/1 | €695 | - | -€695 | |
| Total equity and liabilities | 10/49 | €321,846 | €311,781 | -€10,065 | -3.1% |
| Equity | 10/15 | €296,408 | €180,816 | -€115,592 | -39.0% |
| Contributions | 10/11 | €161,121 | €161,121 | = | 0.0% |
| Reserves | 13 | €135,287 | €60,541 | -€74,745 | -55.2% |
| Tax-exempt reserves | 132 | €37,734 | - | -€37,734 | |
| Distributable reserves | 133 | €97,553 | €60,541 | -€37,012 | -37.9% |
| Profit (loss) carried forward | 14 | - | -€40,847 | -€40,847 | |
| Amounts payable | 17/49 | €25,438 | €130,965 | +€105,527 | +415% |
| Amounts payable within one year | 42/48 | €25,438 | €130,918 | +€105,479 | +415% |
| Current portion of amounts payable after more than one year | 42 | €1,271 | - | -€1,271 | |
| Trade debts | 44 | €448 | €563 | +€115 | +25.7% |
| Suppliers | 440/4 | €448 | €563 | +€115 | +25.7% |
| Taxes, remuneration and social security | 45 | €23,570 | €31,094 | +€7,523 | +31.9% |
| Taxes | 450/3 | €23,570 | €31,094 | +€7,523 | +31.9% |
| Other amounts payable | 47/48 | €150 | €99,261 | +€99,111 | +66,238% |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,798 | €26,798 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,611 | - | -€7,611 | |
| Other operating charges | 640/8 | €4,253 | €4,632 | +€379 | +8.9% |
| Gross operating margin | 9900 | €30,421 | -€38,864 | -€69,285 | |
| Operating profit (loss) | 9901 | -€8,241 | -€70,294 | -€62,053 | -753% |
| Financial income | 75/76B | €97,179 | €2,381 | -€94,798 | -97.6% |
| Recurring financial income | 75 | €2,135 | €2,381 | +€246 | +11.5% |
| Non-recurring financial income | 76B | €95,044 | - | -€95,044 | |
| Financial charges | 65/66B | €9,085 | €245 | -€8,841 | -97.3% |
| Recurring financial charges | 65 | €9,085 | €245 | -€8,841 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €79,853 | -€68,158 | -€148,010 | |
| Income taxes | 67/77 | €25,956 | €10,423 | -€15,533 | -59.8% |
| Profit (loss) for the period | 9904 | €53,897 | -€78,581 | -€132,477 | |
| Transfer from tax-exempt reserves | 789 | - | €37,734 | +€37,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,897 | -€40,847 | -€94,744 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.