MOERBEI: what changed
Two fiscal 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.
MOERBEI
Largest movements
- Cash -€17,496
down €17,496 (-49.3%), from €35,523 to €18,026
mainly Net result for the year (-€12,856) and Trade debts (-€4,430)
- Receivables within one year +€3,678
up €3,678 (+6.1%), from €59,873 to €63,551
of which Trade receivables: +€4,155
- Tangible fixed assets -€3,410
down €3,410 (-7.7%), from €44,344 to €40,934
of which Land and buildings: -€3,067
- Profit (loss) carried forward -€10,600
new in 2025: -€10,600
- Trade debts -€4,430
down €4,430 (-74.4%), from €5,952 to €1,522
- Reserves -€2,256
down €2,256 (-18.5%), from €12,171 to €9,916
of which Distributable reserves: -€2,256
- Gross operating margin -€8,169
down €8,169, from €1,166 to -€7,003
- Other operating charges -€950
down €950 (-22.8%), from €4,164 to €3,214
- Depreciation +€820
up €820 (+31.7%), from €2,590 to €3,410
- Financial income -€351
down €351 (-27.7%), from €1,263 to €913
- Financial charges -€294
down €294 (-67.7%), from €434 to €140
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.
Cash bridge derived
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 | €139,762 | €122,511 | -€17,250 | -12.3% |
| Fixed assets | 21/28 | €44,344 | €40,934 | -€3,410 | -7.7% |
| Tangible fixed assets | 22/27 | €44,344 | €40,934 | -€3,410 | -7.7% |
| Land and buildings | 22 | €43,774 | €40,707 | -€3,067 | -7.0% |
| Plant, machinery and equipment | 23 | €570 | €227 | -€343 | -60.2% |
| Current assets | 29/58 | €95,418 | €81,577 | -€13,840 | -14.5% |
| Amounts receivable within one year | 40/41 | €59,873 | €63,551 | +€3,678 | +6.1% |
| Trade receivables | 40 | €10,371 | €14,525 | +€4,155 | +40.1% |
| Other amounts receivable | 41 | €49,502 | €49,026 | -€476 | -1.0% |
| Cash at bank and in hand | 54/58 | €35,523 | €18,026 | -€17,496 | -49.3% |
| Deferred charges and accrued income | 490/1 | €22 | €0 | -€22 | -100.0% |
| Total equity and liabilities | 10/49 | €139,762 | €122,511 | -€17,250 | -12.3% |
| Equity | 10/15 | €111,329 | €98,473 | -€12,856 | -11.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €12,171 | €9,916 | -€2,256 | -18.5% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €2,256 | €0 | -€2,256 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€10,600 | -€10,600 | |
| Amounts payable | 17/49 | €28,433 | €24,038 | -€4,395 | -15.5% |
| Amounts payable within one year | 42/48 | €28,433 | €24,038 | -€4,395 | -15.5% |
| Trade debts | 44 | €5,952 | €1,522 | -€4,430 | -74.4% |
| Suppliers | 440/4 | €5,952 | €1,522 | -€4,430 | -74.4% |
| Other amounts payable | 47/48 | €22,481 | €22,517 | +€36 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,590 | €3,410 | +€820 | +31.7% |
| Other operating charges | 640/8 | €4,164 | €3,214 | -€950 | -22.8% |
| Gross operating margin | 9900 | €1,166 | -€7,003 | -€8,169 | |
| Operating profit (loss) | 9901 | -€5,588 | -€13,627 | -€8,040 | -143.9% |
| Financial income | 75/76B | €1,263 | €913 | -€351 | -27.7% |
| Recurring financial income | 75 | €1,263 | €913 | -€351 | -27.7% |
| Financial charges | 65/66B | €434 | €140 | -€294 | -67.7% |
| Recurring financial charges | 65 | €434 | €140 | -€294 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,759 | -€12,855 | -€8,096 | -170.1% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€4,759 | -€12,856 | -€8,097 | -170.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,759 | -€12,856 | -€8,097 | -170.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.