Moens - Muylaert: what changed
What changed
Moens - Muylaert
NACE 66.191, Agents and brokers in banking services
filed annual accounts (NBB)
Net result for the year
€120,825
2024 · €47,924+€72,901
Equity
€169,179
2024 · €48,354+€120,825
Cash
€20,157
2024 · €13,195+€6,962
Balance sheet total
€1.3m
2024 · €1.2m+€124,841
Largest movements
Assets
- Financial fixed assets +€152,000
new in 2025: €152,000
- Intangible fixed assets -€110,061
down €110,061 (-12.0%), from €916,575 to €806,514
- Current investments +€72,081
up €72,081 (+124%), from €58,164 to €130,245
Equity and liabilities
- Reserves +€120,825
up €120,825 (+426%), from €28,354 to €149,179
- Debts after one year -€47,234
down €47,234 (-5.1%), from €933,648 to €886,414
- Tax, wage and social debts +€38,067
up €38,067 (+68.3%), from €55,752 to €93,819
of which Taxes: +€24,322
- Current portion of long-term debt +€16,358
up €16,358 (+13.4%), from €122,335 to €138,693
Income statement
- Gross operating margin +€267,695
up €267,695 (+52.5%), from €510,097 to €777,792
- Staff costs +€134,188
up €134,188 (+44.9%), from €299,159 to €433,346
- Taxes +€27,216
up €27,216 (+142%), from €19,203 to €46,418
- Depreciation +€22,297
up €22,297 (+19.6%), from €113,822 to €136,119
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.
Result 2024
€47,924
Gross operating margin
+€267,695
Staff costs
-€134,188
Depreciation
-€22,297
Other operating charges
-€1,372
Other operating items
-€3,009
Financial income
-€336
Financial charges
-€6,376
Taxes
-€27,216
Result 2025
€120,825
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€282,859
Investment
-€245,020
Financing
-€30,876
Cash 2024
€13,195
From operations (derived)
+€282,859
Net result for the year
+€120,825
Depreciation
+€136,119
Receivables within one year
-€5,261
Deferred charges and accrued income
-€3,715
Trade debts
-€2,209
Tax, wage and social debts
+€38,067
Other debts
+€109
Accrued charges and deferred income
-€1,075
Investment (derived)
-€245,020
Investment in fixed assets (net)
-€172,939
Current investments
-€72,081
Financing
-€30,876
Debts after one year
-€47,234
Current portion of long-term debt
+€16,358
Cash 2025
€20,157
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,206,824 | €1,331,664 | +€124,841 | +10.3% |
| Fixed assets | 21/28 | €1,042,082 | €1,078,903 | +€36,821 | +3.5% |
| Intangible fixed assets | 21 | €916,575 | €806,514 | -€110,061 | -12.0% |
| Tangible fixed assets | 22/27 | €125,507 | €120,389 | -€5,118 | -4.1% |
| Land and buildings | 22 | €27,587 | €26,499 | -€1,089 | -3.9% |
| Plant, machinery and equipment | 23 | €4,070 | €5,249 | +€1,179 | +29.0% |
| Furniture and vehicles | 24 | €12,847 | €15,450 | +€2,603 | +20.3% |
| Other tangible fixed assets | 26 | €81,002 | €73,191 | -€7,811 | -9.6% |
| Financial fixed assets | 28 | - | €152,000 | +€152,000 | |
| Current assets | 29/58 | €164,742 | €252,762 | +€88,020 | +53.4% |
| Amounts receivable within one year | 40/41 | €82,237 | €87,498 | +€5,261 | +6.4% |
| Trade receivables | 40 | €81,252 | €87,438 | +€6,186 | +7.6% |
| Other amounts receivable | 41 | €985 | €60 | -€925 | -93.9% |
| Current investments | 50/53 | €58,164 | €130,245 | +€72,081 | +124% |
| Cash at bank and in hand | 54/58 | €13,195 | €20,157 | +€6,962 | +52.8% |
| Deferred charges and accrued income | 490/1 | €11,146 | €14,862 | +€3,715 | +33.3% |
| Total equity and liabilities | 10/49 | €1,206,824 | €1,331,664 | +€124,841 | +10.3% |
| Equity | 10/15 | €48,354 | €169,179 | +€120,825 | +250% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,354 | €149,179 | +€120,825 | +426% |
| Distributable reserves | 133 | €28,354 | €149,179 | +€120,825 | +426% |
| Amounts payable | 17/49 | €1,158,470 | €1,162,486 | +€4,016 | +0.3% |
| Amounts payable after more than one year | 17 | €933,648 | €886,414 | -€47,234 | -5.1% |
| Financial debts | 170/4 | €933,648 | €886,414 | -€47,234 | -5.1% |
| Amounts payable within one year | 42/48 | €218,117 | €270,442 | +€52,325 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €122,335 | €138,693 | +€16,358 | +13.4% |
| Trade debts | 44 | €40,029 | €37,820 | -€2,209 | -5.5% |
| Suppliers | 440/4 | €40,029 | €37,820 | -€2,209 | -5.5% |
| Taxes, remuneration and social security | 45 | €55,752 | €93,819 | +€38,067 | +68.3% |
| Taxes | 450/3 | €21,991 | €46,313 | +€24,322 | +111% |
| Remuneration and social security | 454/9 | €33,762 | €47,506 | +€13,744 | +40.7% |
| Other amounts payable | 47/48 | - | €109 | +€109 | |
| Accrued charges and deferred income | 492/3 | €6,705 | €5,630 | -€1,075 | -16.0% |
| Remuneration, social security and pensions | 62 | €299,159 | €433,346 | +€134,188 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,822 | €136,119 | +€22,297 | +19.6% |
| Other operating charges | 640/8 | €5,371 | €6,743 | +€1,372 | +25.6% |
| Non-recurring operating charges | 66A | €89 | €3,098 | +€3,009 | +3,388% |
| Gross operating margin | 9900 | €510,097 | €777,792 | +€267,695 | +52.5% |
| Operating profit (loss) | 9901 | €91,657 | €198,485 | +€106,829 | +117% |
| Financial income | 75/76B | €822 | €485 | -€336 | -40.9% |
| Recurring financial income | 75 | €822 | €485 | -€336 | -40.9% |
| Financial charges | 65/66B | €25,352 | €31,728 | +€6,376 | +25.1% |
| Recurring financial charges | 65 | €25,352 | €31,728 | +€6,376 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €67,126 | €167,243 | +€100,117 | +149% |
| Income taxes | 67/77 | €19,203 | €46,418 | +€27,216 | +142% |
| Profit (loss) for the period | 9904 | €47,924 | €120,825 | +€72,901 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €47,924 | €120,825 | +€72,901 | +152% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 1 November 2026 via checked.be.