MOERMAN P.: 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 P.
Largest movements
- Cash +€2,266
up €2,266 (+6.7%), from €33,939 to €36,205
mainly Trade debts (+€2,945) and Net result for the year (+€1,325)
- Receivables within one year +€1,711
up €1,711 (+810.9%), from €211 to €1,922
- Trade debts +€2,945
up €2,945 (+39.3%), from €7,489 to €10,434
- Reserves +€1,325
up €1,325 (+3.0%), from €44,039 to €45,364
- Gross operating margin +€2,944
up €2,944 (+308.6%), from €954 to €3,898
- Taxes +€403
up €403 (+104.4%), from €386 to €789
- Financial income -€190
down €190 (-96.0%), from €198 to €8
- Other operating charges +€120
up €120 (+7.4%), from €1,618 to €1,738
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 | €64,120 | €68,305 | +€4,185 | +6.5% |
| Current assets | 29/58 | €64,120 | €68,305 | +€4,185 | +6.5% |
| Stocks and contracts in progress | 3 | €29,970 | €30,010 | +€40 | +0.1% |
| Stocks | 30/36 | €29,970 | €30,010 | +€40 | +0.1% |
| Amounts receivable within one year | 40/41 | €211 | €1,922 | +€1,711 | +810.9% |
| Other amounts receivable | 41 | €211 | €1,922 | +€1,711 | +810.9% |
| Cash at bank and in hand | 54/58 | €33,939 | €36,205 | +€2,266 | +6.7% |
| Deferred charges and accrued income | 490/1 | - | €168 | +€168 | |
| Total equity and liabilities | 10/49 | €64,120 | €68,305 | +€4,185 | +6.5% |
| Equity | 10/15 | €53,343 | €54,668 | +€1,325 | +2.5% |
| Contributions | 10/11 | €9,304 | €9,304 | = | 0.0% |
| Reserves | 13 | €44,039 | €45,364 | +€1,325 | +3.0% |
| Distributable reserves | 133 | €44,039 | €45,364 | +€1,325 | +3.0% |
| Amounts payable | 17/49 | €10,777 | €13,637 | +€2,860 | +26.5% |
| Amounts payable within one year | 42/48 | €10,777 | €13,637 | +€2,860 | +26.5% |
| Trade debts | 44 | €7,489 | €10,434 | +€2,945 | +39.3% |
| Suppliers | 440/4 | €7,489 | €10,434 | +€2,945 | +39.3% |
| Taxes, remuneration and social security | 45 | €3,288 | €3,203 | -€85 | -2.6% |
| Taxes | 450/3 | €1,688 | €1,603 | -€85 | -5.0% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other operating charges | 640/8 | €1,618 | €1,738 | +€120 | +7.4% |
| Gross operating margin | 9900 | €954 | €3,898 | +€2,944 | +308.6% |
| Operating profit (loss) | 9901 | -€664 | €2,160 | +€2,824 | |
| Financial income | 75/76B | €198 | €8 | -€190 | -96.0% |
| Recurring financial income | 75 | €198 | €8 | -€190 | -96.0% |
| Financial charges | 65/66B | €45 | €54 | +€9 | +20.0% |
| Recurring financial charges | 65 | €45 | €54 | +€9 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€511 | €2,114 | +€2,625 | |
| Income taxes | 67/77 | €386 | €789 | +€403 | +104.4% |
| Profit (loss) for the period | 9904 | -€897 | €1,325 | +€2,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€897 | €1,325 | +€2,222 |
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.