MOERMANS POWER: 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 POWER
Largest movements
- Stocks and contracts -€40,448
down €40,448 (-42.6%), from €94,905 to €54,457
- Receivables within one year +€32,653
up €32,653 (+375.8%), from €8,690 to €41,343
of which Trade receivables: +€23,868
- Cash +€10,500
up €10,500 (+45.5%), from €23,065 to €33,565
mainly Stocks and contracts (+€40,448) and Trade debts (+€18,266)
- Trade debts +€18,266
up €18,266 (+37.7%), from €48,496 to €66,762
- Current portion of long-term debt -€14,212
down €14,212 (-100.0%), from €14,212 to €0
- Debts after one year -€8,424
down €8,424 (-100.0%), from €8,424 to €0
- Reserves +€8,165
up €8,165 (+40.4%), from €20,215 to €28,380
- Other debts +€2,674
up €2,674 (+24.4%), from €10,969 to €13,642
- Gross operating margin -€37,570
down €37,570 (-27.2%), from €137,902 to €100,332
- Staff costs -€18,790
down €18,790 (-18.4%), from €102,223 to €83,433
- Depreciation -€2,553
down €2,553 (-99.9%), from €2,555 to €2
- Financial charges -€2,454
down €2,454 (-59.8%), from €4,101 to €1,647
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,659 | €130,540 | +€3,881 | +3.1% |
| Fixed assets | 21/28 | - | €1,176 | +€1,176 | |
| Tangible fixed assets | 22/27 | - | €1,176 | +€1,176 | |
| Furniture and vehicles | 24 | - | €1,176 | +€1,176 | |
| Current assets | 29/58 | €126,659 | €129,365 | +€2,705 | +2.1% |
| Stocks and contracts in progress | 3 | €94,905 | €54,457 | -€40,448 | -42.6% |
| Stocks | 30/36 | €94,905 | €54,457 | -€40,448 | -42.6% |
| Amounts receivable within one year | 40/41 | €8,690 | €41,343 | +€32,653 | +375.8% |
| Trade receivables | 40 | €3,421 | €27,290 | +€23,868 | +697.6% |
| Other amounts receivable | 41 | €5,268 | €14,054 | +€8,785 | +166.8% |
| Cash at bank and in hand | 54/58 | €23,065 | €33,565 | +€10,500 | +45.5% |
| Total equity and liabilities | 10/49 | €126,659 | €130,540 | +€3,881 | +3.1% |
| Equity | 10/15 | €30,215 | €38,380 | +€8,165 | +27.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,215 | €28,380 | +€8,165 | +40.4% |
| Distributable reserves | 133 | €20,215 | €28,380 | +€8,165 | +40.4% |
| Amounts payable | 17/49 | €96,444 | €92,160 | -€4,284 | -4.4% |
| Amounts payable after more than one year | 17 | €8,424 | €0 | -€8,424 | -100.0% |
| Financial debts | 170/4 | €8,424 | €0 | -€8,424 | -100.0% |
| Amounts payable within one year | 42/48 | €88,021 | €92,160 | +€4,139 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €14,212 | €0 | -€14,212 | -100.0% |
| Trade debts | 44 | €48,496 | €66,762 | +€18,266 | +37.7% |
| Suppliers | 440/4 | €48,496 | €66,762 | +€18,266 | +37.7% |
| Taxes, remuneration and social security | 45 | €14,345 | €11,756 | -€2,589 | -18.0% |
| Taxes | 450/3 | - | €2,023 | +€2,023 | |
| Remuneration and social security | 454/9 | €14,345 | €9,733 | -€4,612 | -32.1% |
| Other amounts payable | 47/48 | €10,969 | €13,642 | +€2,674 | +24.4% |
| Remuneration, social security and pensions | 62 | €102,223 | €83,433 | -€18,790 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,555 | €2 | -€2,553 | -99.9% |
| Other operating charges | 640/8 | €1,586 | €713 | -€873 | -55.0% |
| Non-recurring operating charges | 66A | €998 | €1,321 | +€323 | +32.4% |
| Gross operating margin | 9900 | €137,902 | €100,332 | -€37,570 | -27.2% |
| Operating profit (loss) | 9901 | €30,541 | €14,863 | -€15,678 | -51.3% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €4,101 | €1,647 | -€2,454 | -59.8% |
| Recurring financial charges | 65 | €4,101 | €1,647 | -€2,454 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €26,440 | €13,256 | -€13,184 | -49.9% |
| Income taxes | 67/77 | €6,225 | €5,091 | -€1,134 | -18.2% |
| Profit (loss) for the period | 9904 | €20,215 | €8,165 | -€12,049 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,215 | €8,165 | -€12,049 | -59.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.