MOERMAN HOUTCREATIES: 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.
MOERMAN HOUTCREATIES
Largest movements
- Receivables within one year -€56,580
down €56,580 (-76.9%), from €73,589 to €17,009
of which Other amounts receivable: -€36,899
- Cash +€32,071
up €32,071 (+302.3%), from €10,608 to €42,679
mainly Receivables within one year (+€56,580) and Other debts (+€21,772)
- Tangible fixed assets -€6,709
down €6,709 (-44.8%), from €14,959 to €8,251
of which Plant, machinery and equipment: -€3,616
- Reserves -€60,000
down €60,000 (-57.1%), from €105,000 to €45,000
- Other debts +€21,772
new in 2025: €21,772
- Profit (loss) carried forward +€8,308
up €8,308, from -€2,262 to €6,046
- Trade debts -€2,314
down €2,314 (-48.7%), from €4,755 to €2,442
- Gross operating margin +€15,597
up €15,597 (+433.7%), from €3,596 to €19,193
- Taxes +€2,678
up €2,678 (+283.6%), from €944 to €3,622
- Financial income -€2,602
down €2,602 (-78.5%), from €3,315 to €714
- Financial charges -€230
down €230 (-57.9%), from €397 to €167
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 | €111,994 | €79,764 | -€32,229 | -28.8% |
| Fixed assets | 21/28 | €14,959 | €8,251 | -€6,709 | -44.8% |
| Tangible fixed assets | 22/27 | €14,959 | €8,251 | -€6,709 | -44.8% |
| Plant, machinery and equipment | 23 | €6,977 | €3,361 | -€3,616 | -51.8% |
| Furniture and vehicles | 24 | €7,982 | €4,889 | -€3,093 | -38.7% |
| Current assets | 29/58 | €97,034 | €71,514 | -€25,520 | -26.3% |
| Stocks and contracts in progress | 3 | €12,520 | €11,825 | -€695 | -5.5% |
| Stocks | 30/36 | €6,720 | €11,825 | +€5,105 | +76.0% |
| Contracts in progress | 37 | €5,800 | - | -€5,800 | |
| Amounts receivable within one year | 40/41 | €73,589 | €17,009 | -€56,580 | -76.9% |
| Trade receivables | 40 | €30,282 | €10,601 | -€19,681 | -65.0% |
| Other amounts receivable | 41 | €43,307 | €6,408 | -€36,899 | -85.2% |
| Cash at bank and in hand | 54/58 | €10,608 | €42,679 | +€32,071 | +302.3% |
| Deferred charges and accrued income | 490/1 | €317 | - | -€317 | |
| Total equity and liabilities | 10/49 | €111,994 | €79,764 | -€32,229 | -28.8% |
| Equity | 10/15 | €104,738 | €53,046 | -€51,692 | -49.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €45,000 | -€60,000 | -57.1% |
| Distributable reserves | 133 | €105,000 | €45,000 | -€60,000 | -57.1% |
| Profit (loss) carried forward | 14 | -€2,262 | €6,046 | +€8,308 | |
| Amounts payable | 17/49 | €7,255 | €26,718 | +€19,463 | +268.3% |
| Amounts payable within one year | 42/48 | €7,255 | €26,718 | +€19,463 | +268.3% |
| Trade debts | 44 | €4,755 | €2,442 | -€2,314 | -48.7% |
| Suppliers | 440/4 | €4,755 | €2,442 | -€2,314 | -48.7% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,505 | +€5 | +0.2% |
| Taxes | 450/3 | €2,500 | €2,505 | +€5 | +0.2% |
| Other amounts payable | 47/48 | - | €21,772 | +€21,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,125 | €7,080 | -€45 | -0.6% |
| Other operating charges | 640/8 | €724 | €730 | +€6 | +0.8% |
| Gross operating margin | 9900 | €3,596 | €19,193 | +€15,597 | +433.7% |
| Operating profit (loss) | 9901 | -€4,252 | €11,383 | +€15,636 | |
| Financial income | 75/76B | €3,315 | €714 | -€2,602 | -78.5% |
| Recurring financial income | 75 | €3,315 | €714 | -€2,602 | -78.5% |
| Financial charges | 65/66B | €397 | €167 | -€230 | -57.9% |
| Recurring financial charges | 65 | €397 | €167 | -€230 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,334 | €11,930 | +€13,264 | |
| Income taxes | 67/77 | €944 | €3,622 | +€2,678 | +283.6% |
| Profit (loss) for the period | 9904 | -€2,278 | €8,308 | +€10,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,278 | €8,308 | +€10,586 |
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 11 October 2026 via checked.be.