MOERAERT Bo: 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.
MOERAERT Bo
Largest movements
- Tangible fixed assets +€5,159
up €5,159 (+86.0%), from €5,997 to €11,156
of which Furniture and vehicles: +€5,178
- Cash +€2,775
up €2,775 (+13.2%), from €21,028 to €23,803
mainly Net result for the year (+€6,683) and Tax, wage and social debts (+€3,477)
- Receivables within one year +€1,918
up €1,918 (+10.5%), from €18,287 to €20,205
- Reserves +€6,683
up €6,683 (+18.7%), from €35,814 to €42,498
- Tax, wage and social debts +€3,477
up €3,477 (+62.3%), from €5,579 to €9,056
- Gross operating margin -€7,794
down €7,794 (-32.1%), from €24,247 to €16,453
- Taxes -€2,102
down €2,102 (-37.7%), from €5,579 to €3,477
- Staff costs +€822
up €822 (+36.8%), from €2,231 to €3,053
- Other operating charges -€717
down €717 (-85.7%), from €837 to €120
- Financial income +€410
up €410 (+64.5%), from €636 to €1,046
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 | €45,312 | €55,164 | +€9,852 | +21.7% |
| Fixed assets | 21/28 | €5,997 | €11,156 | +€5,159 | +86.0% |
| Tangible fixed assets | 22/27 | €5,997 | €11,156 | +€5,159 | +86.0% |
| Plant, machinery and equipment | 23 | €2,637 | €2,619 | -€18 | -0.7% |
| Furniture and vehicles | 24 | €3,360 | €8,537 | +€5,178 | +154% |
| Current assets | 29/58 | €39,315 | €44,008 | +€4,693 | +11.9% |
| Amounts receivable within one year | 40/41 | €18,287 | €20,205 | +€1,918 | +10.5% |
| Other amounts receivable | 41 | €18,287 | €20,205 | +€1,918 | +10.5% |
| Cash at bank and in hand | 54/58 | €21,028 | €23,803 | +€2,775 | +13.2% |
| Total equity and liabilities | 10/49 | €45,312 | €55,164 | +€9,852 | +21.7% |
| Equity | 10/15 | €38,814 | €45,498 | +€6,683 | +17.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,814 | €42,498 | +€6,683 | +18.7% |
| Distributable reserves | 133 | €35,814 | €42,498 | +€6,683 | +18.7% |
| Amounts payable | 17/49 | €6,498 | €9,667 | +€3,169 | +48.8% |
| Amounts payable within one year | 42/48 | €6,498 | €9,667 | +€3,169 | +48.8% |
| Trade debts | 44 | €919 | €611 | -€308 | -33.5% |
| Suppliers | 440/4 | €919 | €611 | -€308 | -33.5% |
| Taxes, remuneration and social security | 45 | €5,579 | €9,056 | +€3,477 | +62.3% |
| Taxes | 450/3 | €5,579 | €9,056 | +€3,477 | +62.3% |
| Remuneration, social security and pensions | 62 | €2,231 | €3,053 | +€822 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,599 | €2,936 | +€337 | +13.0% |
| Other operating charges | 640/8 | €837 | €120 | -€717 | -85.7% |
| Gross operating margin | 9900 | €24,247 | €16,453 | -€7,794 | -32.1% |
| Operating profit (loss) | 9901 | €18,581 | €10,344 | -€8,236 | -44.3% |
| Financial income | 75/76B | €636 | €1,046 | +€410 | +64.5% |
| Recurring financial income | 75 | €636 | €1,046 | +€410 | +64.5% |
| Financial charges | 65/66B | €1,412 | €1,230 | -€183 | -12.9% |
| Recurring financial charges | 65 | €1,412 | €1,230 | -€183 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €17,804 | €10,160 | -€7,644 | -42.9% |
| Income taxes | 67/77 | €5,579 | €3,477 | -€2,102 | -37.7% |
| Profit (loss) for the period | 9904 | €12,225 | €6,683 | -€5,542 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,225 | €6,683 | -€5,542 | -45.3% |
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 13 October 2026 via checked.be.