MOERMAN - VAN DER LINDEN: 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 - VAN DER LINDEN
Largest movements
- Tangible fixed assets -€18,134
down €18,134 (-16.6%), from €109,129 to €90,995
of which Land and buildings: -€18,703
- Stocks and contracts +€7,935
up €7,935 (+38.6%), from €20,566 to €28,501
- Cash -€5,153
down €5,153 (-13.2%), from €39,057 to €33,904
mainly Debts after one year (-€9,263) and Stocks and contracts (-€7,935)
- Debts after one year -€9,263
down €9,263 (-100%), from €9,263 to €0
- Profit (loss) carried forward -€6,471
down €6,471 (-45.4%), from -€14,268 to -€20,739
- Trade debts +€4,680
up €4,680 (+8.9%), from €52,323 to €57,003
- Other debts -€2,291
down €2,291 (-16.9%), from €13,547 to €11,256
- Gross operating margin -€43,971
down €43,971 (-34.4%), from €127,864 to €83,892
- Staff costs -€23,092
down €23,092 (-28.5%), from €81,099 to €58,007
- Taxes -€3,508
down €3,508 (-59.4%), from €5,908 to €2,401
- Financial income -€2,213
down €2,213 (-85.5%), from €2,587 to €374
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 | €181,582 | €167,681 | -€13,901 | -7.7% |
| Fixed assets | 21/28 | €109,129 | €90,995 | -€18,134 | -16.6% |
| Tangible fixed assets | 22/27 | €109,129 | €90,995 | -€18,134 | -16.6% |
| Land and buildings | 22 | €106,943 | €88,240 | -€18,703 | -17.5% |
| Furniture and vehicles | 24 | €949 | €1,518 | +€569 | +59.9% |
| Other tangible fixed assets | 26 | €1,237 | €1,237 | = | 0.0% |
| Current assets | 29/58 | €72,453 | €76,686 | +€4,233 | +5.8% |
| Stocks and contracts in progress | 3 | €20,566 | €28,501 | +€7,935 | +38.6% |
| Stocks | 30/36 | €20,566 | €28,501 | +€7,935 | +38.6% |
| Amounts receivable within one year | 40/41 | €8,301 | €9,900 | +€1,599 | +19.3% |
| Other amounts receivable | 41 | €8,301 | €9,900 | +€1,599 | +19.3% |
| Cash at bank and in hand | 54/58 | €39,057 | €33,904 | -€5,153 | -13.2% |
| Deferred charges and accrued income | 490/1 | €4,530 | €4,381 | -€149 | -3.3% |
| Total equity and liabilities | 10/49 | €181,582 | €167,681 | -€13,901 | -7.7% |
| Equity | 10/15 | €70,595 | €63,785 | -€6,810 | -9.6% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €39,568 | €39,568 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,708 | €37,708 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,268 | -€20,739 | -€6,471 | -45.4% |
| Investment grants | 15 | €1,695 | €1,356 | -€339 | -20.0% |
| Provisions and deferred taxes | 16 | €424 | €339 | -€85 | -20.0% |
| Deferred taxes | 168 | €424 | €339 | -€85 | -20.0% |
| Amounts payable | 17/49 | €110,563 | €103,557 | -€7,007 | -6.3% |
| Amounts payable after more than one year | 17 | €9,263 | €0 | -€9,263 | -100% |
| Financial debts | 170/4 | €9,263 | €0 | -€9,263 | -100% |
| Amounts payable within one year | 42/48 | €101,300 | €102,661 | +€1,360 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €9,798 | €9,263 | -€535 | -5.5% |
| Trade debts | 44 | €52,323 | €57,003 | +€4,680 | +8.9% |
| Suppliers | 440/4 | €52,323 | €57,003 | +€4,680 | +8.9% |
| Taxes, remuneration and social security | 45 | €25,632 | €25,138 | -€494 | -1.9% |
| Taxes | 450/3 | €10,022 | €8,100 | -€1,922 | -19.2% |
| Remuneration and social security | 454/9 | €15,610 | €17,038 | +€1,429 | +9.2% |
| Other amounts payable | 47/48 | €13,547 | €11,256 | -€2,291 | -16.9% |
| Accrued charges and deferred income | 492/3 | €0 | €896 | +€896 | |
| Remuneration, social security and pensions | 62 | €81,099 | €58,007 | -€23,092 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,885 | €19,273 | +€387 | +2.1% |
| Other operating charges | 640/8 | €6,447 | €5,878 | -€569 | -8.8% |
| Gross operating margin | 9900 | €127,864 | €83,892 | -€43,971 | -34.4% |
| Operating profit (loss) | 9901 | €21,433 | €735 | -€20,698 | -96.6% |
| Financial income | 75/76B | €2,587 | €374 | -€2,213 | -85.5% |
| Recurring financial income | 75 | €2,587 | €374 | -€2,213 | -85.5% |
| Financial charges | 65/66B | €5,371 | €5,264 | -€107 | -2.0% |
| Recurring financial charges | 65 | €5,371 | €5,264 | -€107 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €18,649 | -€4,155 | -€22,804 | |
| Transfer from deferred taxes | 780 | €85 | €85 | = | 0.0% |
| Income taxes | 67/77 | €5,908 | €2,401 | -€3,508 | -59.4% |
| Profit (loss) for the period | 9904 | €12,825 | -€6,471 | -€19,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,825 | -€6,471 | -€19,296 |
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 30 October 2026 via checked.be.