MOËS HORTICULTURE: what changed
What changed
MOËS HORTICULTURE
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
filed annual accounts (NBB)
Net result for the year
-€30,785
2024 · -€13,083-€17,702
Equity
€1.7m
2024 · €1.8m-€30,785
Cash
€107,313
2024 · €151,359-€44,046
Balance sheet total
€4.5m
2024 · €4.3m+€220,384
Largest movements
Assets
- Receivables within one year +€257,316
up €257,316 (+43.2%), from €595,942 to €853,258
of which Trade receivables: +€260,191
Equity and liabilities
- Short-term financial debts +€550,000
up €550,000, from €0 to €550,000
- Current portion of long-term debt -€535,226
down €535,226 (-78.2%), from €684,059 to €148,833
- Trade debts +€182,883
up €182,883 (+85.1%), from €214,894 to €397,777
- Other debts +€68,279
up €68,279 (+42.8%), from €159,713 to €227,992
- Profit (loss) carried forward -€49,231
down €49,231 (-12.7%), from -€388,876 to -€438,107
Income statement
- Gross operating margin -€45,163
down €45,163 (-20.9%), from €215,601 to €170,438
- Financial charges -€17,195
down €17,195 (-22.6%), from €75,938 to €58,743
- Depreciation +€11,767
up €11,767 (+11.8%), from €99,700 to €111,468
- Other operating charges -€5,417
down €5,417 (-30.5%), from €17,783 to €12,365
- Taxes -€4,103
down €4,103 (-37.7%), from €10,878 to €6,775
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€13,083
Gross operating margin
-€45,163
Depreciation
-€11,767
Other operating charges
+€5,417
Other operating items
+€15,975
Financial income
-€3,461
Financial charges
+€17,195
Taxes
+€4,103
Result 2025
-€30,785
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€80,939
Investment
-€149,207
Financing
+€24,222
Cash 2024
€151,359
From operations (derived)
+€80,939
Net result for the year
-€30,785
Depreciation
+€111,468
Receivables after one year
+€23,362
Smaller working-capital items
-€71
Receivables within one year
-€257,316
Deferred charges and accrued income
+€6,030
Trade debts
+€182,883
Tax, wage and social debts
-€3,608
Other debts
+€68,279
Accrued charges and deferred income
-€19,302
Investment (derived)
-€149,207
Investment in fixed assets (net)
-€149,207
Financing
+€24,222
Debts after one year
+€9,447
Current portion of long-term debt
-€535,226
Short-term financial debts
+€550,000
Cash 2025
€107,313
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,250,582 | €4,470,966 | +€220,384 | +5.2% |
| Fixed assets | 21/28 | €3,082,080 | €3,119,820 | +€37,740 | +1.2% |
| Intangible fixed assets | 21 | €20,419 | €18,562 | -€1,856 | -9.1% |
| Tangible fixed assets | 22/27 | €3,059,662 | €3,099,258 | +€39,596 | +1.3% |
| Land and buildings | 22 | €2,847,005 | €2,932,347 | +€85,342 | +3.0% |
| Plant, machinery and equipment | 23 | €96,789 | €90,362 | -€6,427 | -6.6% |
| Furniture and vehicles | 24 | €88,395 | €61,586 | -€26,809 | -30.3% |
| Leasing and similar rights | 25 | €27,473 | €14,962 | -€12,510 | -45.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,168,502 | €1,351,146 | +€182,644 | +15.6% |
| Amounts receivable after more than one year | 29 | €165,975 | €142,613 | -€23,362 | -14.1% |
| Other amounts receivable | 291 | €165,975 | €142,613 | -€23,362 | -14.1% |
| Stocks and contracts in progress | 3 | €163,831 | €162,598 | -€1,234 | -0.8% |
| Stocks | 30/36 | €163,831 | €162,598 | -€1,234 | -0.8% |
| Amounts receivable within one year | 40/41 | €595,942 | €853,258 | +€257,316 | +43.2% |
| Trade receivables | 40 | €548,840 | €809,031 | +€260,191 | +47.4% |
| Other amounts receivable | 41 | €47,102 | €44,227 | -€2,875 | -6.1% |
| Cash at bank and in hand | 54/58 | €151,359 | €107,313 | -€44,046 | -29.1% |
| Deferred charges and accrued income | 490/1 | €91,396 | €85,365 | -€6,030 | -6.6% |
| Total equity and liabilities | 10/49 | €4,250,582 | €4,470,966 | +€220,384 | +5.2% |
| Equity | 10/15 | €1,772,439 | €1,741,654 | -€30,785 | -1.7% |
| Contributions | 10/11 | €34,100 | €34,100 | = | 0.0% |
| Contributions outside capital | 11 | - | €34,100 | +€34,100 | |
| Other | 1109/19 | - | €34,100 | +€34,100 | |
| Revaluation surpluses | 12 | €1,388,073 | €1,388,073 | = | 0.0% |
| Reserves | 13 | €739,142 | €757,588 | +€18,446 | +2.5% |
| Tax-exempt reserves | 132 | €24,575 | €22,634 | -€1,942 | -7.9% |
| Distributable reserves | 133 | €714,567 | €734,954 | +€20,388 | +2.9% |
| Profit (loss) carried forward | 14 | -€388,876 | -€438,107 | -€49,231 | -12.7% |
| Provisions and deferred taxes | 16 | €3,914 | €2,610 | -€1,305 | -33.3% |
| Deferred taxes | 168 | €3,914 | €2,610 | -€1,305 | -33.3% |
| Amounts payable | 17/49 | €2,474,229 | €2,726,702 | +€252,474 | +10.2% |
| Amounts payable after more than one year | 17 | €1,388,215 | €1,397,662 | +€9,447 | +0.7% |
| Financial debts | 170/4 | €1,188,215 | €1,197,662 | +€9,447 | +0.8% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,062,274 | €1,324,602 | +€262,328 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €684,059 | €148,833 | -€535,226 | -78.2% |
| Financial debts | 43 | €0 | €550,000 | +€550,000 | |
| Credit institutions | 430/8 | €0 | €550,000 | +€550,000 | |
| Trade debts | 44 | €214,894 | €397,777 | +€182,883 | +85.1% |
| Suppliers | 440/4 | €214,894 | €397,777 | +€182,883 | +85.1% |
| Taxes, remuneration and social security | 45 | €3,608 | €0 | -€3,608 | -100% |
| Taxes | 450/3 | €3,608 | - | -€3,608 | |
| Other amounts payable | 47/48 | €159,713 | €227,992 | +€68,279 | +42.8% |
| Accrued charges and deferred income | 492/3 | €23,740 | €4,438 | -€19,302 | -81.3% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,700 | €111,468 | +€11,767 | +11.8% |
| Other operating charges | 640/8 | €17,783 | €12,365 | -€5,417 | -30.5% |
| Non-recurring operating charges | 66A | €31,920 | €15,945 | -€15,975 | -50.0% |
| Gross operating margin | 9900 | €215,601 | €170,438 | -€45,163 | -20.9% |
| Operating profit (loss) | 9901 | €66,198 | €30,660 | -€35,538 | -53.7% |
| Financial income | 75/76B | €6,230 | €2,769 | -€3,461 | -55.6% |
| Recurring financial income | 75 | €6,230 | €2,769 | -€3,461 | -55.6% |
| Financial charges | 65/66B | €75,938 | €58,743 | -€17,195 | -22.6% |
| Recurring financial charges | 65 | €75,938 | €58,743 | -€17,195 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,510 | -€25,315 | -€21,804 | -621% |
| Transfer from deferred taxes | 780 | €1,305 | €1,305 | = | 0.0% |
| Income taxes | 67/77 | €10,878 | €6,775 | -€4,103 | -37.7% |
| Profit (loss) for the period | 9904 | -€13,083 | -€30,785 | -€17,702 | -135% |
| Transfer from tax-exempt reserves | 789 | €1,942 | €1,942 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,141 | -€28,843 | -€17,702 | -159% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.