MOERMANS-BUNTINX: 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.
MOERMANS-BUNTINX
Largest movements
- Receivables within one year -€64,914
down €64,914 (-70.8%), from €91,692 to €26,778
of which Trade receivables: -€66,978
- Cash +€51,128
up €51,128 (+83.4%), from €61,311 to €112,440
mainly Receivables within one year (+€64,914) and Depreciation (+€37,889)
- Current investments +€18,000
up €18,000 (+16.0%), from €112,773 to €130,773
- Tangible fixed assets +€12,380
up €12,380 (+18.2%), from €68,033 to €80,414
- Deferred charges and accrued income +€5,466
new in 2025: €5,466
- Debts after one year +€26,176
up €26,176 (+830.1%), from €3,154 to €29,330
- Tax, wage and social debts +€5,140
up €5,140 (+60.3%), from €8,525 to €13,665
of which Taxes: +€4,729
- Gross operating margin -€10,465
down €10,465 (-7.3%), from €143,219 to €132,753
- Depreciation +€6,539
up €6,539 (+20.9%), from €31,350 to €37,889
- Staff costs -€5,422
down €5,422 (-5.6%), from €96,397 to €90,975
- Taxes -€3,599
no longer reported in 2025 (was €3,599)
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 | €365,970 | €388,031 | +€22,061 | +6.0% |
| Fixed assets | 21/28 | €87,390 | €99,770 | +€12,380 | +14.2% |
| Tangible fixed assets | 22/27 | €68,033 | €80,414 | +€12,380 | +18.2% |
| Land and buildings | 22 | €4,879 | €8,028 | +€3,149 | +64.6% |
| Plant, machinery and equipment | 23 | €57,019 | €62,964 | +€5,946 | +10.4% |
| Furniture and vehicles | 24 | €6,136 | €9,421 | +€3,285 | +53.5% |
| Financial fixed assets | 28 | €19,357 | €19,357 | = | 0.0% |
| Current assets | 29/58 | €278,581 | €288,261 | +€9,680 | +3.5% |
| Stocks and contracts in progress | 3 | €12,805 | €12,805 | = | 0.0% |
| Contracts in progress | 37 | €12,805 | €12,805 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,692 | €26,778 | -€64,914 | -70.8% |
| Trade receivables | 40 | €71,618 | €4,640 | -€66,978 | -93.5% |
| Other amounts receivable | 41 | €20,074 | €22,137 | +€2,064 | +10.3% |
| Current investments | 50/53 | €112,773 | €130,773 | +€18,000 | +16.0% |
| Cash at bank and in hand | 54/58 | €61,311 | €112,440 | +€51,128 | +83.4% |
| Deferred charges and accrued income | 490/1 | - | €5,466 | +€5,466 | |
| Total equity and liabilities | 10/49 | €365,970 | €388,031 | +€22,061 | +6.0% |
| Equity | 10/15 | €326,668 | €323,077 | -€3,590 | -1.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €317,668 | €314,077 | -€3,590 | -1.1% |
| Provisions and deferred taxes | 16 | €9,357 | €9,357 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,357 | €9,357 | = | 0.0% |
| Environmental obligations | 163 | €9,357 | €9,357 | = | 0.0% |
| Amounts payable | 17/49 | €29,945 | €55,596 | +€25,651 | +85.7% |
| Amounts payable after more than one year | 17 | €3,154 | €29,330 | +€26,176 | +830.1% |
| Financial debts | 170/4 | €3,154 | €29,330 | +€26,176 | +830.1% |
| Amounts payable within one year | 42/48 | €26,792 | €26,266 | -€525 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €8,957 | €5,298 | -€3,659 | -40.9% |
| Trade debts | 44 | €9,310 | €7,304 | -€2,007 | -21.6% |
| Suppliers | 440/4 | €9,310 | €7,304 | -€2,007 | -21.6% |
| Taxes, remuneration and social security | 45 | €8,525 | €13,665 | +€5,140 | +60.3% |
| Taxes | 450/3 | €1,447 | €6,177 | +€4,729 | +326.8% |
| Remuneration and social security | 454/9 | €7,078 | €7,488 | +€411 | +5.8% |
| Remuneration, social security and pensions | 62 | €96,397 | €90,975 | -€5,422 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,350 | €37,889 | +€6,539 | +20.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,291 | - | -€1,291 | |
| Other operating charges | 640/8 | €3,959 | €3,986 | +€27 | +0.7% |
| Gross operating margin | 9900 | €143,219 | €132,753 | -€10,465 | -7.3% |
| Operating profit (loss) | 9901 | €10,222 | -€96 | -€10,318 | |
| Financial income | 75/76B | €136 | €67 | -€69 | -50.9% |
| Recurring financial income | 75 | €57 | €67 | +€10 | +17.4% |
| Non-recurring financial income | 76B | €79 | - | -€79 | |
| Financial charges | 65/66B | €3,156 | €3,561 | +€405 | +12.8% |
| Recurring financial charges | 65 | €3,156 | €3,561 | +€405 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €7,202 | -€3,590 | -€10,792 | |
| Income taxes | 67/77 | €3,599 | - | -€3,599 | |
| Profit (loss) for the period | 9904 | €3,603 | -€3,590 | -€7,194 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,603 | -€3,590 | -€7,194 |
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 4 October 2026 via checked.be.