MOERAERT: what changed
What changed
MOERAERT
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€114,401
2024 · €126,798-€12,397
Equity
€758,902
2024 · €644,501+€114,401
Cash
€157,012
2024 · €143,158+€13,854
Balance sheet total
€1.8m
2024 · €1.8m-€35,655
Largest movements
Assets
- Current investments -€57,093
down €57,093 (-16.3%), from €349,769 to €292,676
- Receivables within one year +€19,987
up €19,987 (+102%), from €19,528 to €39,514
of which Trade receivables: +€15,862
- Tangible fixed assets -€18,479
down €18,479 (-1.4%), from €1.3m to €1.3m
of which Land and buildings: -€35,195
Equity and liabilities
- Profit (loss) carried forward +€114,401
up €114,401 (+18.6%), from €616,152 to €730,553
- Debts after one year -€113,695
down €113,695 (-15.0%), from €759,662 to €645,967
- Other debts -€72,212
down €72,212 (-48.6%), from €148,707 to €76,496
- Tax, wage and social debts +€44,475
up €44,475 (+98.3%), from €45,265 to €89,740
of which Taxes: +€35,038
Income statement
- Gross operating margin -€56,438
down €56,438 (-15.0%), from €375,781 to €319,342
- Staff costs -€21,169
down €21,169 (-21.8%), from €97,204 to €76,035
- Depreciation -€17,960
down €17,960 (-19.7%), from €91,176 to €73,217
- Financial income +€6,380
up €6,380 (+180%), from €3,554 to €9,934
- Taxes -€5,768
down €5,768 (-13.3%), from €43,210 to €37,442
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
€126,798
Gross operating margin
-€56,438
Staff costs
+€21,169
Depreciation
+€17,960
Other operating charges
-€2,962
Other operating items
+€667
Financial income
+€6,380
Financial charges
-€4,940
Taxes
+€5,768
Result 2025
€114,401
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
+€131,488
Investment
+€2,355
Financing
-€119,989
Cash 2024
€143,158
From operations (derived)
+€131,488
Net result for the year
+€114,401
Depreciation
+€73,217
Receivables within one year
-€19,987
Deferred charges and accrued income
-€6,076
Trade debts
+€13,732
Tax, wage and social debts
+€44,475
Advances received
-€16,063
Other debts
-€72,212
Investment (derived)
+€2,355
Investment in fixed assets (net)
-€54,737
Current investments
+€57,093
Financing
-€119,989
Debts after one year
-€113,695
Current portion of long-term debt
-€6,294
Cash 2025
€157,012
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,827,972 | €1,792,317 | -€35,655 | -2.0% |
| Fixed assets | 21/28 | €1,313,748 | €1,295,269 | -€18,479 | -1.4% |
| Tangible fixed assets | 22/27 | €1,313,748 | €1,295,269 | -€18,479 | -1.4% |
| Land and buildings | 22 | €1,198,262 | €1,163,066 | -€35,195 | -2.9% |
| Plant, machinery and equipment | 23 | €60,177 | €44,345 | -€15,832 | -26.3% |
| Furniture and vehicles | 24 | €55,309 | €87,858 | +€32,548 | +58.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €514,224 | €497,048 | -€17,176 | -3.3% |
| Stocks and contracts in progress | 3 | €450 | €450 | = | 0.0% |
| Stocks | 30/36 | €450 | €450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,528 | €39,514 | +€19,987 | +102% |
| Trade receivables | 40 | €14,894 | €30,756 | +€15,862 | +106% |
| Other amounts receivable | 41 | €4,633 | €8,758 | +€4,125 | +89.0% |
| Current investments | 50/53 | €349,769 | €292,676 | -€57,093 | -16.3% |
| Cash at bank and in hand | 54/58 | €143,158 | €157,012 | +€13,854 | +9.7% |
| Deferred charges and accrued income | 490/1 | €1,320 | €7,396 | +€6,076 | +460% |
| Total equity and liabilities | 10/49 | €1,827,972 | €1,792,317 | -€35,655 | -2.0% |
| Equity | 10/15 | €644,501 | €758,902 | +€114,401 | +17.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €3,349 | €3,349 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €849 | €849 | = | 0.0% |
| Profit (loss) carried forward | 14 | €616,152 | €730,553 | +€114,401 | +18.6% |
| Amounts payable | 17/49 | €1,183,471 | €1,033,414 | -€150,056 | -12.7% |
| Amounts payable after more than one year | 17 | €759,662 | €645,967 | -€113,695 | -15.0% |
| Financial debts | 170/4 | €759,662 | €645,967 | -€113,695 | -15.0% |
| Amounts payable within one year | 42/48 | €423,809 | €387,448 | -€36,362 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €128,769 | €122,475 | -€6,294 | -4.9% |
| Trade debts | 44 | €57,654 | €71,386 | +€13,732 | +23.8% |
| Suppliers | 440/4 | €57,654 | €71,386 | +€13,732 | +23.8% |
| Advances received on contracts in progress | 46 | €43,415 | €27,352 | -€16,063 | -37.0% |
| Taxes, remuneration and social security | 45 | €45,265 | €89,740 | +€44,475 | +98.3% |
| Taxes | 450/3 | €42,190 | €77,228 | +€35,038 | +83.0% |
| Remuneration and social security | 454/9 | €3,075 | €12,513 | +€9,438 | +307% |
| Other amounts payable | 47/48 | €148,707 | €76,496 | -€72,212 | -48.6% |
| Remuneration, social security and pensions | 62 | €97,204 | €76,035 | -€21,169 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,176 | €73,217 | -€17,960 | -19.7% |
| Other operating charges | 640/8 | €5,607 | €8,569 | +€2,962 | +52.8% |
| Non-recurring operating charges | 66A | €667 | - | -€667 | |
| Gross operating margin | 9900 | €375,781 | €319,342 | -€56,438 | -15.0% |
| Operating profit (loss) | 9901 | €181,126 | €161,522 | -€19,604 | -10.8% |
| Financial income | 75/76B | €3,554 | €9,934 | +€6,380 | +180% |
| Recurring financial income | 75 | €3,554 | €9,934 | +€6,380 | +180% |
| Financial charges | 65/66B | €14,672 | €19,612 | +€4,940 | +33.7% |
| Recurring financial charges | 65 | €14,672 | €19,612 | +€4,940 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €170,008 | €151,843 | -€18,164 | -10.7% |
| Income taxes | 67/77 | €43,210 | €37,442 | -€5,768 | -13.3% |
| Profit (loss) for the period | 9904 | €126,798 | €114,401 | -€12,397 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €126,798 | €114,401 | -€12,397 | -9.8% |
Next steps
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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 4 November 2026 via checked.be.