MOERMAN NATUURSTEEN: 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 NATUURSTEEN
Largest movements
- Stocks and contracts -€21,799
down €21,799 (-25.7%), from €84,708 to €62,909
of which Stocks: -€18,476
- Receivables within one year +€18,237
up €18,237 (+19.8%), from €92,089 to €110,326
of which Trade receivables: +€16,120
- Cash +€14,298
up €14,298 (+76.6%), from €18,664 to €32,962
mainly Net result for the year (+€29,584) and Stocks and contracts (+€21,799)
- Profit (loss) carried forward +€29,584
up €29,584 (+25.3%), from -€117,011 to -€87,426
- Other debts -€11,301
down €11,301 (-7.2%), from €158,007 to €146,706
- Trade debts -€7,302
down €7,302 (-27.0%), from €27,000 to €19,698
- Write-downs -€43,971
down €43,971, from €14,859 to -€29,111
- Gross operating margin +€35,132
up €35,132, from -€32,834 to €2,299
- Staff costs -€5,499
down €5,499 (-100%), from €5,499 to €0
- Depreciation -€935
down €935 (-100%), from €935 to €0
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.
Derived cash bridge
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 | €198,884 | €209,865 | +€10,981 | +5.5% |
| Fixed assets | 21/28 | €819 | €135 | -€684 | -83.5% |
| Tangible fixed assets | 22/27 | €684 | €0 | -€684 | -100% |
| Plant, machinery and equipment | 23 | €471 | €0 | -€471 | -100% |
| Furniture and vehicles | 24 | €212 | €0 | -€212 | -100% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €198,065 | €209,730 | +€11,665 | +5.9% |
| Stocks and contracts in progress | 3 | €84,708 | €62,909 | -€21,799 | -25.7% |
| Stocks | 30/36 | €74,398 | €55,922 | -€18,476 | -24.8% |
| Contracts in progress | 37 | €10,310 | €6,987 | -€3,323 | -32.2% |
| Amounts receivable within one year | 40/41 | €92,089 | €110,326 | +€18,237 | +19.8% |
| Trade receivables | 40 | €90,091 | €106,211 | +€16,120 | +17.9% |
| Other amounts receivable | 41 | €1,998 | €4,115 | +€2,117 | +106% |
| Cash at bank and in hand | 54/58 | €18,664 | €32,962 | +€14,298 | +76.6% |
| Deferred charges and accrued income | 490/1 | €2,604 | €3,533 | +€929 | +35.7% |
| Total equity and liabilities | 10/49 | €198,884 | €209,865 | +€10,981 | +5.5% |
| Equity | 10/15 | €13,877 | €43,461 | +€29,584 | +213% |
| Contributions | 10/11 | €118,989 | €118,989 | = | 0.0% |
| Capital | 10 | €118,989 | €118,989 | = | 0.0% |
| Issued capital | 100 | €118,989 | €118,989 | = | 0.0% |
| Reserves | 13 | €11,899 | €11,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,899 | €11,899 | = | 0.0% |
| Legal reserve | 130 | €11,899 | €11,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,011 | -€87,426 | +€29,584 | +25.3% |
| Amounts payable | 17/49 | €185,007 | €166,404 | -€18,603 | -10.1% |
| Amounts payable within one year | 42/48 | €185,007 | €166,404 | -€18,603 | -10.1% |
| Trade debts | 44 | €27,000 | €19,698 | -€7,302 | -27.0% |
| Suppliers | 440/4 | €27,000 | €19,698 | -€7,302 | -27.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €158,007 | €146,706 | -€11,301 | -7.2% |
| Non-recurring operating income | 76A | - | €18,538 | +€18,538 | |
| Remuneration, social security and pensions | 62 | €5,499 | €0 | -€5,499 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €935 | €0 | -€935 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,859 | -€29,111 | -€43,971 | |
| Other operating charges | 640/8 | €1,046 | €969 | -€77 | -7.4% |
| Non-recurring operating charges | 66A | - | €471 | +€471 | |
| Gross operating margin | 9900 | -€32,834 | €2,299 | +€35,132 | |
| Operating profit (loss) | 9901 | -€55,173 | €29,970 | +€85,143 | |
| Financial income | 75/76B | €75 | €8 | -€67 | -89.6% |
| Recurring financial income | 75 | €75 | €8 | -€67 | -89.6% |
| Financial charges | 65/66B | €452 | €394 | -€59 | -13.0% |
| Recurring financial charges | 65 | €452 | €394 | -€59 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,551 | €29,584 | +€85,135 | |
| Profit (loss) for the period | 9904 | -€55,551 | €29,584 | +€85,135 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,551 | €29,584 | +€85,135 |
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 25 October 2026 via checked.be.