MOENS INVEST: 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.
MOENS INVEST
Largest movements
- Stocks and contracts +€332,206
up €332,206 (+296%), from €112,351 to €444,558
- Receivables within one year +€190,366
up €190,366 (+694%), from €27,432 to €217,798
of which Trade receivables: +€192,650
- Other debts +€333,899
up €333,899 (+63.9%), from €522,250 to €856,149
- Short-term financial debts +€75,000
up €75,000 (+915%), from €8,200 to €83,200
of which Credit institutions: +€75,000
- Reserves +€65,971
up €65,971 (+572%), from €11,525 to €77,496
- Tax, wage and social debts +€42,789
up €42,789 (+351%), from €12,199 to €54,987
of which Taxes: +€45,111
- Debts after one year -€32,480
down €32,480 (-8.4%), from €385,027 to €352,547
- Gross operating margin +€74,131
up €74,131 (+144%), from €51,488 to €125,619
- Taxes +€12,830
up €12,830 (+206%), from €6,235 to €19,065
- Depreciation -€8,408
down €8,408 (-28.1%), from €29,958 to €21,550
- Other operating charges +€2,838
up €2,838 (+88.0%), from €3,224 to €6,062
- Financial charges +€1,809
up €1,809 (+16.2%), from €11,192 to €13,000
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.
Derived cash bridge
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 | €1,108,217 | €1,621,591 | +€513,374 | +46.3% |
| Fixed assets | 21/28 | €950,536 | €940,212 | -€10,324 | -1.1% |
| Intangible fixed assets | 21 | €165,371 | €165,371 | = | 0.0% |
| Tangible fixed assets | 22/27 | €785,165 | €774,840 | -€10,324 | -1.3% |
| Land and buildings | 22 | €326,807 | €717,264 | +€390,457 | +119% |
| Plant, machinery and equipment | 23 | - | €21,021 | +€21,021 | |
| Furniture and vehicles | 24 | €43,365 | €36,555 | -€6,810 | -15.7% |
| Assets under construction and advance payments | 27 | €414,993 | €0 | -€414,993 | -100% |
| Current assets | 29/58 | €157,681 | €681,380 | +€523,698 | +332% |
| Stocks and contracts in progress | 3 | €112,351 | €444,558 | +€332,206 | +296% |
| Stocks | 30/36 | €112,351 | €444,558 | +€332,206 | +296% |
| Amounts receivable within one year | 40/41 | €27,432 | €217,798 | +€190,366 | +694% |
| Trade receivables | 40 | €2,418 | €195,068 | +€192,650 | +7,967% |
| Other amounts receivable | 41 | €25,014 | €22,731 | -€2,283 | -9.1% |
| Cash at bank and in hand | 54/58 | €9,553 | €16,504 | +€6,951 | +72.8% |
| Deferred charges and accrued income | 490/1 | €8,345 | €2,519 | -€5,825 | -69.8% |
| Total equity and liabilities | 10/49 | €1,108,217 | €1,621,591 | +€513,374 | +46.3% |
| Equity | 10/15 | €16,525 | €82,496 | +€65,971 | +399% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,525 | €77,496 | +€65,971 | +572% |
| Distributable reserves | 133 | €11,525 | €77,496 | +€65,971 | +572% |
| Amounts payable | 17/49 | €1,091,692 | €1,539,095 | +€447,403 | +41.0% |
| Amounts payable after more than one year | 17 | €385,027 | €352,547 | -€32,480 | -8.4% |
| Financial debts | 170/4 | €385,027 | €352,547 | -€32,480 | -8.4% |
| Amounts payable within one year | 42/48 | €705,220 | €1,184,035 | +€478,814 | +67.9% |
| Current portion of amounts payable after more than one year | 42 | €23,213 | €24,280 | +€1,068 | +4.6% |
| Financial debts | 43 | €8,200 | €83,200 | +€75,000 | +915% |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Other loans | 439 | €8,200 | €8,200 | = | 0.0% |
| Trade debts | 44 | €139,359 | €165,417 | +€26,058 | +18.7% |
| Suppliers | 440/4 | €139,359 | €165,417 | +€26,058 | +18.7% |
| Taxes, remuneration and social security | 45 | €12,199 | €54,987 | +€42,789 | +351% |
| Taxes | 450/3 | €9,876 | €54,987 | +€45,111 | +457% |
| Remuneration and social security | 454/9 | €2,322 | €0 | -€2,322 | -100% |
| Other amounts payable | 47/48 | €522,250 | €856,149 | +€333,899 | +63.9% |
| Accrued charges and deferred income | 492/3 | €1,445 | €2,514 | +€1,069 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,958 | €21,550 | -€8,408 | -28.1% |
| Other operating charges | 640/8 | €3,224 | €6,062 | +€2,838 | +88.0% |
| Gross operating margin | 9900 | €51,488 | €125,619 | +€74,131 | +144% |
| Operating profit (loss) | 9901 | €18,306 | €98,007 | +€79,701 | +435% |
| Financial income | 75/76B | €3 | €30 | +€27 | +886% |
| Recurring financial income | 75 | €3 | €30 | +€27 | +886% |
| Financial charges | 65/66B | €11,192 | €13,000 | +€1,809 | +16.2% |
| Recurring financial charges | 65 | €11,192 | €13,000 | +€1,809 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €7,117 | €85,036 | +€77,919 | +1,095% |
| Income taxes | 67/77 | €6,235 | €19,065 | +€12,830 | +206% |
| Profit (loss) for the period | 9904 | €882 | €65,971 | +€65,089 | +7,381% |
| Profit (loss) for the period to be appropriated | 9905 | €882 | €65,971 | +€65,089 | +7,381% |
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 27 October 2026 via checked.be.