Moeras: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Moeras
Largest movements
- Receivables within one year -€51,291
down €51,291 (-40.5%), from €126,526 to €75,235
of which Trade receivables: -€75,020
- Tangible fixed assets -€27,062
down €27,062 (-32.6%), from €82,932 to €55,871
of which Leasing and similar rights: -€20,810
- Cash +€3,813
up €3,813 (+9.0%), from €42,187 to €46,000
mainly Receivables within one year (+€51,291) and Depreciation (+€27,062)
- Other debts -€69,627
down €69,627 (-55.5%), from €125,398 to €55,771
- Debts after one year -€21,336
down €21,336 (-85.6%), from €24,920 to €3,584
- Tax, wage and social debts +€16,908
up €16,908 (+49.7%), from €34,044 to €50,951
of which Remuneration and social security: +€12,000
- Trade debts -€3,987
down €3,987 (-88.1%), from €4,524 to €537
- Profit (loss) carried forward +€3,431
up €3,431 (+2.3%), from -€147,788 to -€144,356
- Gross operating margin +€110,733
up €110,733, from -€73,193 to €37,540
- Financial charges -€9,294
down €9,294 (-87.6%), from €10,609 to €1,315
- Other operating charges +€1,431
up €1,431 (+35.5%), from €4,032 to €5,464
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,645 | €177,325 | -€74,320 | -29.5% |
| Fixed assets | 21/28 | €82,932 | €55,871 | -€27,062 | -32.6% |
| Tangible fixed assets | 22/27 | €82,932 | €55,871 | -€27,062 | -32.6% |
| Plant, machinery and equipment | 23 | €2,206 | €1,460 | -€746 | -33.8% |
| Furniture and vehicles | 24 | €35,523 | €30,018 | -€5,506 | -15.5% |
| Leasing and similar rights | 25 | €45,203 | €24,393 | -€20,810 | -46.0% |
| Current assets | 29/58 | €168,713 | €121,455 | -€47,258 | -28.0% |
| Amounts receivable within one year | 40/41 | €126,526 | €75,235 | -€51,291 | -40.5% |
| Trade receivables | 40 | €107,085 | €32,065 | -€75,020 | -70.1% |
| Other amounts receivable | 41 | €19,441 | €43,170 | +€23,729 | +122% |
| Cash at bank and in hand | 54/58 | €42,187 | €46,000 | +€3,813 | +9.0% |
| Deferred charges and accrued income | 490/1 | - | €220 | +€220 | |
| Total equity and liabilities | 10/49 | €251,645 | €177,325 | -€74,320 | -29.5% |
| Equity | 10/15 | €41,715 | €45,146 | +€3,431 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,902 | €170,902 | = | 0.0% |
| Distributable reserves | 133 | €170,902 | €170,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,788 | -€144,356 | +€3,431 | +2.3% |
| Amounts payable | 17/49 | €209,930 | €132,179 | -€77,751 | -37.0% |
| Amounts payable after more than one year | 17 | €24,920 | €3,584 | -€21,336 | -85.6% |
| Financial debts | 170/4 | €24,920 | €3,584 | -€21,336 | -85.6% |
| Amounts payable within one year | 42/48 | €185,010 | €128,595 | -€56,415 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €21,045 | €21,336 | +€290 | +1.4% |
| Trade debts | 44 | €4,524 | €537 | -€3,987 | -88.1% |
| Suppliers | 440/4 | €4,524 | €537 | -€3,987 | -88.1% |
| Taxes, remuneration and social security | 45 | €34,044 | €50,951 | +€16,908 | +49.7% |
| Taxes | 450/3 | €34,044 | €38,951 | +€4,908 | +14.4% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €125,398 | €55,771 | -€69,627 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,062 | €27,062 | = | 0.0% |
| Other operating charges | 640/8 | €4,032 | €5,464 | +€1,431 | +35.5% |
| Gross operating margin | 9900 | -€73,193 | €37,540 | +€110,733 | |
| Operating profit (loss) | 9901 | -€104,287 | €5,014 | +€109,302 | |
| Financial income | 75/76B | €143 | €282 | +€140 | +98.0% |
| Recurring financial income | 75 | €143 | €282 | +€140 | +98.0% |
| Financial charges | 65/66B | €10,609 | €1,315 | -€9,294 | -87.6% |
| Recurring financial charges | 65 | €10,609 | €1,315 | -€9,294 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€114,754 | €3,981 | +€118,735 | |
| Income taxes | 67/77 | €360 | €550 | +€190 | +52.7% |
| Profit (loss) for the period | 9904 | -€115,114 | €3,431 | +€118,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115,114 | €3,431 | +€118,546 |
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.