MOERMAN DMC: 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 DMC
Largest movements
- Cash +€449,754
up €449,754 (+61.6%), from €730,520 to €1.2m
mainly Depreciation (+€281,053) and Net result for the year (+€203,169)
- Tangible fixed assets -€286,970
down €286,970 (-14.4%), from €2.0m to €1.7m
- Receivables within one year -€63,639
down €63,639 (-48.5%), from €131,343 to €67,704
of which Trade receivables: -€56,830
- Reserves +€203,169
up €203,169 (+19.5%), from €1.0m to €1.2m
- Other debts -€111,873
down €111,873 (-5.8%), from €1.9m to €1.8m
- Gross operating margin +€14,384
up €14,384 (+2.5%), from €585,763 to €600,147
- Taxes +€7,581
up €7,581 (+9.3%), from €81,838 to €89,419
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 | €3,051,019 | €3,154,002 | +€102,983 | +3.4% |
| Fixed assets | 21/28 | €1,986,323 | €1,699,353 | -€286,970 | -14.4% |
| Tangible fixed assets | 22/27 | €1,986,323 | €1,699,353 | -€286,970 | -14.4% |
| Land and buildings | 22 | €1,310,256 | €1,267,255 | -€43,001 | -3.3% |
| Plant, machinery and equipment | 23 | €313,330 | €192,253 | -€121,077 | -38.6% |
| Furniture and vehicles | 24 | €361,623 | €238,928 | -€122,695 | -33.9% |
| Other tangible fixed assets | 26 | €1,114 | €917 | -€197 | -17.7% |
| Current assets | 29/58 | €1,064,696 | €1,454,649 | +€389,953 | +36.6% |
| Amounts receivable within one year | 40/41 | €131,343 | €67,704 | -€63,639 | -48.5% |
| Trade receivables | 40 | €121,372 | €64,542 | -€56,830 | -46.8% |
| Other amounts receivable | 41 | €9,971 | €3,162 | -€6,809 | -68.3% |
| Current investments | 50/53 | €200,000 | €204,200 | +€4,200 | +2.1% |
| Cash at bank and in hand | 54/58 | €730,520 | €1,180,274 | +€449,754 | +61.6% |
| Deferred charges and accrued income | 490/1 | €2,833 | €2,471 | -€362 | -12.8% |
| Total equity and liabilities | 10/49 | €3,051,019 | €3,154,002 | +€102,983 | +3.4% |
| Equity | 10/15 | €1,052,123 | €1,255,292 | +€203,169 | +19.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,042,123 | €1,245,292 | +€203,169 | +19.5% |
| Distributable reserves | 133 | €1,042,123 | €1,245,292 | +€203,169 | +19.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,998,896 | €1,898,710 | -€100,187 | -5.0% |
| Amounts payable within one year | 42/48 | €1,996,396 | €1,898,710 | -€97,687 | -4.9% |
| Trade debts | 44 | €19,178 | €16,227 | -€2,951 | -15.4% |
| Suppliers | 440/4 | €19,178 | €16,227 | -€2,951 | -15.4% |
| Taxes, remuneration and social security | 45 | €35,879 | €53,016 | +€17,138 | +47.8% |
| Taxes | 450/3 | €35,879 | €53,016 | +€17,138 | +47.8% |
| Other amounts payable | 47/48 | €1,941,340 | €1,829,467 | -€111,873 | -5.8% |
| Accrued charges and deferred income | 492/3 | €2,500 | €0 | -€2,500 | -100.0% |
| Non-recurring operating income | 76A | - | €11,126 | +€11,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283,449 | €281,053 | -€2,397 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,150 | +€4,150 | |
| Other operating charges | 640/8 | €8,733 | €8,999 | +€266 | +3.0% |
| Gross operating margin | 9900 | €585,763 | €600,147 | +€14,384 | +2.5% |
| Operating profit (loss) | 9901 | €293,581 | €305,946 | +€12,365 | +4.2% |
| Financial income | 75/76B | €1,812 | €5,409 | +€3,598 | +198.6% |
| Recurring financial income | 75 | €1,812 | €5,409 | +€3,598 | +198.6% |
| Financial charges | 65/66B | €19,539 | €18,767 | -€773 | -4.0% |
| Recurring financial charges | 65 | €19,539 | €18,767 | -€773 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €275,853 | €292,588 | +€16,736 | +6.1% |
| Income taxes | 67/77 | €81,838 | €89,419 | +€7,581 | +9.3% |
| Profit (loss) for the period | 9904 | €194,015 | €203,169 | +€9,155 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €194,015 | €203,169 | +€9,155 | +4.7% |
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 30 September 2026 via checked.be.