MOERBEKE RETAIL: what changed
MOERBEKE RETAIL
Largest movements
- Stocks and contracts +€57,193
up €57,193 (+29.8%), from €192,090 to €249,283
- Receivables within one year +€53,264
up €53,264 (+40.9%), from €130,308 to €183,572
of which Other amounts receivable: +€36,734
- Cash +€39,046
up €39,046 (+58.8%), from €66,387 to €105,433
mainly Trade debts (+€406,903) and Other debts (+€110,702)
- Tangible fixed assets -€30,589
down €30,589 (-3.6%), from €859,729 to €829,140
of which Plant, machinery and equipment: -€24,426
- Deferred charges and accrued income +€26,853
up €26,853 (+1,155%), from €2,326 to €29,178
- Trade debts +€406,903
up €406,903 (+185%), from €219,798 to €626,701
- Debts after one year -€268,879
down €268,879 (-40.8%), from €658,774 to €389,895
of which Trade debts: -€182,423
- Other debts +€110,702
up €110,702 (+436%), from €25,376 to €136,078
- Tax, wage and social debts -€97,833
down €97,833 (-83.7%), from €116,932 to €19,099
of which Taxes: -€83,339
- Staff costs -€93,782
down €93,782 (-36.6%), from €255,955 to €162,174
- Depreciation +€36,620
up €36,620 (+78.7%), from €46,520 to €83,140
- Taxes +€13,739
new in 2025: €13,739
- Financial income +€11,360
up €11,360 (+805%), from €1,411 to €12,771
- Financial charges +€7,045
up €7,045 (+21.3%), from €33,113 to €40,158
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 | €1,250,840 | €1,416,607 | +€165,767 | +13.3% |
| Fixed assets | 21/28 | €859,729 | €829,140 | -€30,589 | -3.6% |
| Tangible fixed assets | 22/27 | €859,729 | €829,140 | -€30,589 | -3.6% |
| Plant, machinery and equipment | 23 | €559,244 | €534,819 | -€24,426 | -4.4% |
| Other tangible fixed assets | 26 | €300,485 | €294,321 | -€6,163 | -2.1% |
| Current assets | 29/58 | €391,111 | €587,467 | +€196,356 | +50.2% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Trade receivables | 290 | - | €20,000 | +€20,000 | |
| Stocks and contracts in progress | 3 | €192,090 | €249,283 | +€57,193 | +29.8% |
| Stocks | 30/36 | €192,090 | €249,283 | +€57,193 | +29.8% |
| Amounts receivable within one year | 40/41 | €130,308 | €183,572 | +€53,264 | +40.9% |
| Trade receivables | 40 | €118,241 | €134,771 | +€16,530 | +14.0% |
| Other amounts receivable | 41 | €12,068 | €48,802 | +€36,734 | +304% |
| Cash at bank and in hand | 54/58 | €66,387 | €105,433 | +€39,046 | +58.8% |
| Deferred charges and accrued income | 490/1 | €2,326 | €29,178 | +€26,853 | +1,155% |
| Total equity and liabilities | 10/49 | €1,250,840 | €1,416,607 | +€165,767 | +13.3% |
| Equity | 10/15 | €131,223 | €131,223 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €69,223 | €69,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €63,023 | €63,023 | = | 0.0% |
| Amounts payable | 17/49 | €1,119,617 | €1,285,384 | +€165,767 | +14.8% |
| Amounts payable after more than one year | 17 | €658,774 | €389,895 | -€268,879 | -40.8% |
| Financial debts | 170/4 | €476,351 | €389,895 | -€86,455 | -18.1% |
| Trade debts | 175 | €182,423 | - | -€182,423 | |
| Amounts payable within one year | 42/48 | €453,254 | €879,775 | +€426,520 | +94.1% |
| Current portion of amounts payable after more than one year | 42 | €91,148 | €89,479 | -€1,669 | -1.8% |
| Financial debts | 43 | - | €8,416 | +€8,416 | |
| Credit institutions | 430/8 | - | €8,416 | +€8,416 | |
| Trade debts | 44 | €219,798 | €626,701 | +€406,903 | +185% |
| Suppliers | 440/4 | €219,798 | €626,701 | +€406,903 | +185% |
| Taxes, remuneration and social security | 45 | €116,932 | €19,099 | -€97,833 | -83.7% |
| Taxes | 450/3 | €85,545 | €2,206 | -€83,339 | -97.4% |
| Remuneration and social security | 454/9 | €31,387 | €16,894 | -€14,493 | -46.2% |
| Other amounts payable | 47/48 | €25,376 | €136,078 | +€110,702 | +436% |
| Accrued charges and deferred income | 492/3 | €7,589 | €15,714 | +€8,125 | +107% |
| Remuneration, social security and pensions | 62 | €255,955 | €162,174 | -€93,782 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,520 | €83,140 | +€36,620 | +78.7% |
| Other operating charges | 640/8 | €1,783 | €4,881 | +€3,098 | +174% |
| Gross operating margin | 9900 | €323,858 | €329,638 | +€5,780 | +1.8% |
| Operating profit (loss) | 9901 | €19,600 | €79,444 | +€59,844 | +305% |
| Financial income | 75/76B | €1,411 | €12,771 | +€11,360 | +805% |
| Recurring financial income | 75 | €1,411 | €12,771 | +€11,360 | +805% |
| Financial charges | 65/66B | €33,113 | €40,158 | +€7,045 | +21.3% |
| Recurring financial charges | 65 | €33,113 | €40,158 | +€7,045 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,102 | €52,058 | +€64,160 | |
| Income taxes | 67/77 | - | €13,739 | +€13,739 | |
| Profit (loss) for the period | 9904 | -€12,102 | €38,319 | +€50,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,102 | €38,319 | +€50,421 |
Next steps
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.