MOENS BUILDING: 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 BUILDING
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€39,509
2024 · €102,952-€63,443
Equity
€887,985
2024 · €848,476+€39,509
Cash
€124,349
2024 · €87,399+€36,950
Balance sheet total
€5.4m
2024 · €3.1m+€2.3m
Largest movements
Assets
- Financial fixed assets +€1.8m
new in 2025: €1.8m
- Tangible fixed assets +€380,982
up €380,982 (+15.3%), from €2.5m to €2.9m
Equity and liabilities
- Debts after one year +€2.2m
up €2.2m (+123.9%), from €1.8m to €4.0m
of which Financial debts: +€2.2m
Income statement
- Gross operating margin -€56,970
down €56,970 (-22.3%), from €255,871 to €198,901
- Financial charges +€49,117
up €49,117 (+78.5%), from €62,559 to €111,676
- Financial income +€33,969
up €33,969 (+174.6%), from €19,455 to €53,424
- Other operating charges -€21,531
down €21,531 (-41.7%), from €51,667 to €30,136
- Depreciation +€12,855
up €12,855 (+21.7%), from €59,103 to €71,957
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
€102,952
Gross operating margin
-€56,970
Depreciation
-€12,855
Other operating charges
+€21,531
Financial income
+€33,969
Financial charges
-€49,117
Taxes
-€2
Result 2025
€39,509
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
+€101,183
Investment
-€2.3m
Financing
+€2.2m
Cash 2024
€87,399
From operations (derived)
+€101,183
Net result for the year
+€39,509
Depreciation
+€71,957
Deferred charges and accrued income
-€53,361
Smaller working-capital items
+€264
Accrued charges and deferred income
+€42,813
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
+€2.2m
Debts after one year
+€2.2m
Current portion of long-term debt
-€6,921
Cash 2025
€124,349
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,063,523 | €5,376,716 | +€2.3m | +75.5% |
| Fixed assets | 21/28 | €2,493,458 | €4,716,340 | +€2.2m | +89.1% |
| Tangible fixed assets | 22/27 | €2,493,458 | €2,874,440 | +€380,982 | +15.3% |
| Land and buildings | 22 | €2,493,458 | €2,874,440 | +€380,982 | +15.3% |
| Financial fixed assets | 28 | - | €1,841,900 | +€1.8m | |
| Current assets | 29/58 | €570,066 | €660,376 | +€90,310 | +15.8% |
| Amounts receivable within one year | 40/41 | €441,111 | €441,111 | = | 0.0% |
| Trade receivables | 40 | €16,350 | €16,350 | = | 0.0% |
| Other amounts receivable | 41 | €424,761 | €424,761 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,399 | €124,349 | +€36,950 | +42.3% |
| Deferred charges and accrued income | 490/1 | €41,556 | €94,917 | +€53,361 | +128.4% |
| Total equity and liabilities | 10/49 | €3,063,523 | €5,376,716 | +€2.3m | +75.5% |
| Equity | 10/15 | €848,476 | €887,985 | +€39,509 | +4.7% |
| Contributions | 10/11 | €512,200 | €512,200 | = | 0.0% |
| Capital | 10 | €512,200 | €512,200 | = | 0.0% |
| Issued capital | 100 | €512,200 | €512,200 | = | 0.0% |
| Reserves | 13 | €336,276 | €375,785 | +€39,509 | +11.7% |
| Non-distributable reserves | 130/1 | €51,220 | €51,220 | = | 0.0% |
| Legal reserve | 130 | €51,220 | €51,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,291 | €55,424 | -€2,867 | -4.9% |
| Distributable reserves | 133 | €226,765 | €269,141 | +€42,376 | +18.7% |
| Provisions and deferred taxes | 16 | €19,430 | €18,475 | -€956 | -4.9% |
| Deferred taxes | 168 | €19,430 | €18,475 | -€956 | -4.9% |
| Amounts payable | 17/49 | €2,195,617 | €4,470,256 | +€2.3m | +103.6% |
| Amounts payable after more than one year | 17 | €1,805,777 | €4,043,304 | +€2.2m | +123.9% |
| Financial debts | 170/4 | €1,797,306 | €4,035,545 | +€2.2m | +124.5% |
| Other amounts payable | 178/9 | €8,471 | €7,759 | -€712 | -8.4% |
| Amounts payable within one year | 42/48 | €389,159 | €383,457 | -€5,702 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €111,656 | €104,735 | -€6,921 | -6.2% |
| Trade debts | 44 | €3,585 | €3,272 | -€313 | -8.7% |
| Suppliers | 440/4 | €3,585 | €3,272 | -€313 | -8.7% |
| Taxes, remuneration and social security | 45 | €22,546 | €24,079 | +€1,533 | +6.8% |
| Taxes | 450/3 | €22,546 | €24,079 | +€1,533 | +6.8% |
| Other amounts payable | 47/48 | €251,372 | €251,372 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €681 | €43,495 | +€42,813 | +6284.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,103 | €71,957 | +€12,855 | +21.7% |
| Other operating charges | 640/8 | €51,667 | €30,136 | -€21,531 | -41.7% |
| Gross operating margin | 9900 | €255,871 | €198,901 | -€56,970 | -22.3% |
| Operating profit (loss) | 9901 | €145,102 | €96,808 | -€48,294 | -33.3% |
| Financial income | 75/76B | €19,455 | €53,424 | +€33,969 | +174.6% |
| Recurring financial income | 75 | €19,455 | €53,424 | +€33,969 | +174.6% |
| Financial charges | 65/66B | €62,559 | €111,676 | +€49,117 | +78.5% |
| Recurring financial charges | 65 | €62,559 | €111,676 | +€49,117 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €101,997 | €38,555 | -€63,441 | -62.2% |
| Transfer from deferred taxes | 780 | €956 | €956 | = | 0.0% |
| Income taxes | 67/77 | €0 | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €102,952 | €39,509 | -€63,443 | -61.6% |
| Transfer from tax-exempt reserves | 789 | €2,867 | €2,867 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,819 | €42,376 | -€63,443 | -60.0% |
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 11 October 2026 via checked.be.