MOERBEEK: 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.
MOERBEEK
Largest movements
- Tangible fixed assets -€29,728
down €29,728 (-1.2%), from €2.5m to €2.5m
of which Land and buildings: -€17,636
- Profit (loss) carried forward -€113,037
down €113,037 (-70.3%), from €160,809 to €47,772
- Other debts +€72,461
up €72,461 (+6.0%), from €1.2m to €1.3m
- Gross operating margin +€13,293
up €13,293 (+21.4%), from €62,251 to €75,544
- Taxes +€2,242
up €2,242, from -€2,242 to €0
- Other operating charges +€776
up €776 (+3.7%), from €21,134 to €21,910
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 | €2,603,702 | €2,565,831 | -€37,870 | -1.5% |
| Fixed assets | 21/28 | €2,514,841 | €2,485,113 | -€29,728 | -1.2% |
| Tangible fixed assets | 22/27 | €2,514,841 | €2,485,113 | -€29,728 | -1.2% |
| Land and buildings | 22 | €2,348,594 | €2,330,958 | -€17,636 | -0.8% |
| Plant, machinery and equipment | 23 | €135,178 | €133,901 | -€1,277 | -0.9% |
| Furniture and vehicles | 24 | €31,069 | €20,254 | -€10,815 | -34.8% |
| Current assets | 29/58 | €88,861 | €80,719 | -€8,142 | -9.2% |
| Amounts receivable within one year | 40/41 | €36,974 | €30,960 | -€6,015 | -16.3% |
| Trade receivables | 40 | €8,050 | €4,098 | -€3,952 | -49.1% |
| Other amounts receivable | 41 | €28,925 | €26,862 | -€2,063 | -7.1% |
| Cash at bank and in hand | 54/58 | €51,351 | €46,521 | -€4,830 | -9.4% |
| Deferred charges and accrued income | 490/1 | €535 | €3,238 | +€2,703 | +505% |
| Total equity and liabilities | 10/49 | €2,603,702 | €2,565,831 | -€37,870 | -1.5% |
| Equity | 10/15 | €1,389,046 | €1,276,009 | -€113,037 | -8.1% |
| Contributions | 10/11 | €1,067,700 | €1,067,700 | = | 0.0% |
| Reserves | 13 | €160,537 | €160,537 | = | 0.0% |
| Distributable reserves | 133 | €160,537 | €160,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,809 | €47,772 | -€113,037 | -70.3% |
| Amounts payable | 17/49 | €1,214,655 | €1,289,822 | +€75,167 | +6.2% |
| Amounts payable within one year | 42/48 | €1,214,655 | €1,289,822 | +€75,167 | +6.2% |
| Trade debts | 44 | €936 | €1,573 | +€637 | +68.0% |
| Suppliers | 440/4 | €936 | €1,573 | +€637 | +68.0% |
| Taxes, remuneration and social security | 45 | €5,213 | €7,281 | +€2,069 | +39.7% |
| Taxes | 450/3 | €5,213 | €5,491 | +€279 | +5.3% |
| Remuneration and social security | 454/9 | - | €1,790 | +€1,790 | |
| Other amounts payable | 47/48 | €1,208,506 | €1,280,968 | +€72,461 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,614 | €148,200 | -€413 | -0.3% |
| Other operating charges | 640/8 | €21,134 | €21,910 | +€776 | +3.7% |
| Gross operating margin | 9900 | €62,251 | €75,544 | +€13,293 | +21.4% |
| Operating profit (loss) | 9901 | -€107,496 | -€94,567 | +€12,930 | +12.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €18,178 | €18,470 | +€293 | +1.6% |
| Recurring financial charges | 65 | €18,178 | €18,470 | +€293 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€125,674 | -€113,037 | +€12,637 | +10.1% |
| Income taxes | 67/77 | -€2,242 | €0 | +€2,242 | |
| Profit (loss) for the period | 9904 | -€123,433 | -€113,037 | +€10,396 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,433 | -€113,037 | +€10,396 | +8.4% |
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 15 October 2026 via checked.be.