MOERMAN DIMITRI: 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.
MOERMAN DIMITRI
Largest movements
- Cash +€1.6m
up €1.6m (+89.4%), from €1.8m to €3.4m
mainly Current investments (+€1.0m) and Net result for the year (+€578,752)
- Current investments -€1.0m
down €1.0m (-89.3%), from €1.1m to €120,000
- Stocks and contracts -€71,975
down €71,975 (-34.3%), from €209,759 to €137,783
- Receivables within one year -€64,553
down €64,553 (-3.2%), from €2.0m to €2.0m
of which Other amounts receivable: -€77,941
- Other debts +€397,836
up €397,836 (+601.1%), from €66,187 to €464,022
- Reserves +€70,949
up €70,949 (+1.4%), from €5.1m to €5.1m
of which Distributable reserves: +€70,949
- Gross operating margin -€188,480
down €188,480 (-16.6%), from €1.1m to €945,191
- Taxes -€78,432
down €78,432 (-22.8%), from €343,960 to €265,527
- Financial income -€20,267
down €20,267 (-29.7%), from €68,342 to €48,074
- Depreciation +€12,048
up €12,048 (+48.1%), from €25,024 to €37,073
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 | €5,326,047 | €5,735,607 | +€409,560 | +7.7% |
| Fixed assets | 21/28 | €148,964 | €115,024 | -€33,939 | -22.8% |
| Tangible fixed assets | 22/27 | €142,917 | €108,978 | -€33,939 | -23.7% |
| Plant, machinery and equipment | 23 | €34,085 | €21,495 | -€12,590 | -36.9% |
| Furniture and vehicles | 24 | €93,468 | €74,722 | -€18,745 | -20.1% |
| Other tangible fixed assets | 26 | €15,365 | €12,761 | -€2,603 | -16.9% |
| Financial fixed assets | 28 | €6,046 | €6,046 | = | 0.0% |
| Current assets | 29/58 | €5,177,083 | €5,620,582 | +€443,499 | +8.6% |
| Stocks and contracts in progress | 3 | €209,759 | €137,783 | -€71,975 | -34.3% |
| Stocks | 30/36 | €209,759 | €137,783 | -€71,975 | -34.3% |
| Amounts receivable within one year | 40/41 | €2,048,895 | €1,984,343 | -€64,553 | -3.2% |
| Trade receivables | 40 | €87,120 | €100,509 | +€13,389 | +15.4% |
| Other amounts receivable | 41 | €1,961,775 | €1,883,834 | -€77,941 | -4.0% |
| Current investments | 50/53 | €1,120,000 | €120,000 | -€1.0m | -89.3% |
| Cash at bank and in hand | 54/58 | €1,779,463 | €3,370,937 | +€1.6m | +89.4% |
| Deferred charges and accrued income | 490/1 | €18,967 | €7,519 | -€11,447 | -60.4% |
| Total equity and liabilities | 10/49 | €5,326,047 | €5,735,607 | +€409,560 | +7.7% |
| Equity | 10/15 | €5,082,881 | €5,153,830 | +€70,949 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,064,281 | €5,135,230 | +€70,949 | +1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,062,421 | €5,133,370 | +€70,949 | +1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €243,166 | €581,776 | +€338,610 | +139.3% |
| Amounts payable within one year | 42/48 | €225,113 | €581,722 | +€356,609 | +158.4% |
| Trade debts | 44 | €136,948 | €86,225 | -€50,723 | -37.0% |
| Suppliers | 440/4 | €136,948 | €86,225 | -€50,723 | -37.0% |
| Taxes, remuneration and social security | 45 | €21,978 | €31,475 | +€9,497 | +43.2% |
| Taxes | 450/3 | €10,838 | €19,397 | +€8,559 | +79.0% |
| Remuneration and social security | 454/9 | €11,140 | €12,078 | +€938 | +8.4% |
| Other amounts payable | 47/48 | €66,187 | €464,022 | +€397,836 | +601.1% |
| Accrued charges and deferred income | 492/3 | €18,053 | €55 | -€17,999 | -99.7% |
| Remuneration, social security and pensions | 62 | €58,756 | €57,834 | -€923 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,024 | €37,073 | +€12,048 | +48.1% |
| Other operating charges | 640/8 | €5,656 | €2,656 | -€3,000 | -53.0% |
| Gross operating margin | 9900 | €1,133,670 | €945,191 | -€188,480 | -16.6% |
| Operating profit (loss) | 9901 | €1,044,234 | €847,629 | -€196,605 | -18.8% |
| Financial income | 75/76B | €68,342 | €48,074 | -€20,267 | -29.7% |
| Recurring financial income | 75 | €68,342 | €48,074 | -€20,267 | -29.7% |
| Financial charges | 65/66B | €56,822 | €51,423 | -€5,399 | -9.5% |
| Recurring financial charges | 65 | €56,822 | €51,423 | -€5,399 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €1,055,754 | €844,280 | -€211,474 | -20.0% |
| Income taxes | 67/77 | €343,960 | €265,527 | -€78,432 | -22.8% |
| Profit (loss) for the period | 9904 | €711,794 | €578,752 | -€133,042 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €711,794 | €578,752 | -€133,042 | -18.7% |
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 5 October 2026 via checked.be.