MOERMAN NICO: 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 NICO
Largest movements
- Current investments +€150,000
up €150,000 (+60.0%), from €250,000 to €400,000
- Tangible fixed assets -€47,412
down €47,412 (-32.9%), from €143,951 to €96,539
of which Furniture and vehicles: -€36,932
- Cash -€28,488
down €28,488 (-18.3%), from €155,478 to €126,990
mainly Current investments (-€150,000) and Tax, wage and social debts (-€23,912)
- Reserves +€73,905
up €73,905 (+19.1%), from €387,822 to €461,727
- Other debts +€27,810
up €27,810 (+20.3%), from €137,139 to €164,949
- Tax, wage and social debts -€23,912
down €23,912 (-54.2%), from €44,079 to €20,167
of which Taxes: -€25,591
- Financial income +€9,130
new in 2025: €9,130
- Depreciation +€5,927
up €5,927 (+14.3%), from €41,484 to €47,412
- Gross operating margin +€5,507
up €5,507 (+3.5%), from €156,149 to €161,656
- Financial charges +€5,499
up €5,499 (+96.8%), from €5,683 to €11,183
- Taxes +€3,734
up €3,734 (+12.3%), from €30,338 to €34,073
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 | €574,424 | €652,528 | +€78,103 | +13.6% |
| Fixed assets | 21/28 | €143,951 | €96,539 | -€47,412 | -32.9% |
| Tangible fixed assets | 22/27 | €143,951 | €96,539 | -€47,412 | -32.9% |
| Plant, machinery and equipment | 23 | €41,960 | €31,733 | -€10,227 | -24.4% |
| Furniture and vehicles | 24 | €100,355 | €63,423 | -€36,932 | -36.8% |
| Other tangible fixed assets | 26 | €1,636 | €1,383 | -€253 | -15.5% |
| Current assets | 29/58 | €430,473 | €555,988 | +€125,515 | +29.2% |
| Amounts receivable within one year | 40/41 | €22,338 | €26,303 | +€3,964 | +17.7% |
| Trade receivables | 40 | €22,338 | €26,298 | +€3,960 | +17.7% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Current investments | 50/53 | €250,000 | €400,000 | +€150,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €155,478 | €126,990 | -€28,488 | -18.3% |
| Deferred charges and accrued income | 490/1 | €2,657 | €2,696 | +€39 | +1.5% |
| Total equity and liabilities | 10/49 | €574,424 | €652,528 | +€78,103 | +13.6% |
| Equity | 10/15 | €392,822 | €466,727 | +€73,905 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €387,822 | €461,727 | +€73,905 | +19.1% |
| Distributable reserves | 133 | €387,822 | €461,727 | +€73,905 | +19.1% |
| Amounts payable | 17/49 | €181,602 | €185,801 | +€4,199 | +2.3% |
| Amounts payable within one year | 42/48 | €181,602 | €185,748 | +€4,146 | +2.3% |
| Trade debts | 44 | €384 | €632 | +€249 | +64.8% |
| Suppliers | 440/4 | €384 | €632 | +€249 | +64.8% |
| Taxes, remuneration and social security | 45 | €44,079 | €20,167 | -€23,912 | -54.2% |
| Taxes | 450/3 | €44,079 | €18,488 | -€25,591 | -58.1% |
| Remuneration and social security | 454/9 | - | €1,678 | +€1,678 | |
| Other amounts payable | 47/48 | €137,139 | €164,949 | +€27,810 | +20.3% |
| Accrued charges and deferred income | 492/3 | - | €53 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,484 | €47,412 | +€5,927 | +14.3% |
| Other operating charges | 640/8 | €2,169 | €3,382 | +€1,213 | +55.9% |
| Gross operating margin | 9900 | €156,149 | €161,656 | +€5,507 | +3.5% |
| Operating profit (loss) | 9901 | €112,495 | €110,862 | -€1,633 | -1.5% |
| Financial income | 75/76B | - | €9,130 | +€9,130 | |
| Recurring financial income | 75 | - | €9,130 | +€9,130 | |
| Financial charges | 65/66B | €5,683 | €11,183 | +€5,499 | +96.8% |
| Recurring financial charges | 65 | €5,683 | €11,183 | +€5,499 | +96.8% |
| Profit (loss) for the period before taxes | 9903 | €106,812 | €108,810 | +€1,998 | +1.9% |
| Income taxes | 67/77 | €30,338 | €34,073 | +€3,734 | +12.3% |
| Profit (loss) for the period | 9904 | €76,474 | €74,738 | -€1,736 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,474 | €74,738 | -€1,736 | -2.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.