MOESTIK: 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.
MOESTIK
Largest movements
- Cash -€32,073
down €32,073 (-76.1%), from €42,156 to €10,083
mainly Contributions, distributions and other (-€181,831) and Investment in fixed assets (net) (-€53,077)
- Intangible fixed assets +€10,582
new in 2025: €10,582
- Receivables after one year +€8,466
new in 2025: €8,466
- Tangible fixed assets -€8,302
down €8,302 (-7.2%), from €115,111 to €106,810
of which Plant, machinery and equipment: -€12,142
- Receivables within one year +€7,924
up €7,924 (+4.3%), from €185,919 to €193,843
of which Other amounts receivable: +€5,788
- Reserves -€173,849
down €173,849 (-39.4%), from €441,718 to €267,870
- Short-term financial debts +€150,000
new in 2025: €150,000
- Trade debts +€48,433
up €48,433 (+42.3%), from €114,483 to €162,916
- Debts after one year -€33,938
down €33,938 (-56.4%), from €60,226 to €26,288
- Tax, wage and social debts +€27,530
up €27,530 (+84.3%), from €32,658 to €60,188
of which Remuneration and social security: +€28,110
- Gross operating margin -€103,443
down €103,443 (-22.8%), from €453,741 to €350,297
- Taxes -€40,383
down €40,383 (-90.8%), from €44,490 to €4,107
- Staff costs +€23,847
up €23,847 (+9.3%), from €255,886 to €279,733
- Other operating charges -€4,999
down €4,999 (-74.2%), from €6,734 to €1,735
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 | €789,320 | €782,367 | -€6,953 | -0.9% |
| Formation expenses | 20 | - | €1,061 | +€1,061 | |
| Fixed assets | 21/28 | €115,236 | €117,592 | +€2,355 | +2.0% |
| Intangible fixed assets | 21 | - | €10,582 | +€10,582 | |
| Tangible fixed assets | 22/27 | €115,111 | €106,810 | -€8,302 | -7.2% |
| Plant, machinery and equipment | 23 | €85,022 | €72,880 | -€12,142 | -14.3% |
| Furniture and vehicles | 24 | €12,056 | €9,490 | -€2,565 | -21.3% |
| Leasing and similar rights | 25 | €15,372 | €7,993 | -€7,379 | -48.0% |
| Other tangible fixed assets | 26 | €2,662 | €16,445 | +€13,784 | +518% |
| Financial fixed assets | 28 | €125 | €200 | +€75 | +60.0% |
| Current assets | 29/58 | €674,083 | €663,714 | -€10,369 | -1.5% |
| Amounts receivable after more than one year | 29 | - | €8,466 | +€8,466 | |
| Other amounts receivable | 291 | - | €8,466 | +€8,466 | |
| Stocks and contracts in progress | 3 | €443,733 | €450,033 | +€6,301 | +1.4% |
| Stocks | 30/36 | €443,733 | €450,033 | +€6,301 | +1.4% |
| Amounts receivable within one year | 40/41 | €185,919 | €193,843 | +€7,924 | +4.3% |
| Trade receivables | 40 | €62,439 | €64,575 | +€2,136 | +3.4% |
| Other amounts receivable | 41 | €123,480 | €129,268 | +€5,788 | +4.7% |
| Cash at bank and in hand | 54/58 | €42,156 | €10,083 | -€32,073 | -76.1% |
| Deferred charges and accrued income | 490/1 | €2,275 | €1,290 | -€985 | -43.3% |
| Total equity and liabilities | 10/49 | €789,320 | €782,367 | -€6,953 | -0.9% |
| Equity | 10/15 | €521,718 | €347,870 | -€173,849 | -33.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €441,718 | €267,870 | -€173,849 | -39.4% |
| Distributable reserves | 133 | €441,718 | €267,870 | -€173,849 | -39.4% |
| Amounts payable | 17/49 | €267,601 | €434,497 | +€166,896 | +62.4% |
| Amounts payable after more than one year | 17 | €60,226 | €26,288 | -€33,938 | -56.4% |
| Financial debts | 170/4 | €60,226 | €26,288 | -€33,938 | -56.4% |
| Amounts payable within one year | 42/48 | €207,376 | €408,209 | +€200,834 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | €60,235 | €35,105 | -€25,130 | -41.7% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €114,483 | €162,916 | +€48,433 | +42.3% |
| Suppliers | 440/4 | €114,483 | €162,916 | +€48,433 | +42.3% |
| Taxes, remuneration and social security | 45 | €32,658 | €60,188 | +€27,530 | +84.3% |
| Taxes | 450/3 | €10,680 | €10,101 | -€579 | -5.4% |
| Remuneration and social security | 454/9 | €21,978 | €50,088 | +€28,110 | +128% |
| Remuneration, social security and pensions | 62 | €255,886 | €279,733 | +€23,847 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,664 | €49,661 | -€1,003 | -2.0% |
| Other operating charges | 640/8 | €6,734 | €1,735 | -€4,999 | -74.2% |
| Non-recurring operating charges | 66A | - | €1,221 | +€1,221 | |
| Gross operating margin | 9900 | €453,741 | €350,297 | -€103,443 | -22.8% |
| Operating profit (loss) | 9901 | €140,457 | €17,947 | -€122,509 | -87.2% |
| Financial income | 75/76B | €1,975 | €3,287 | +€1,311 | +66.4% |
| Recurring financial income | 75 | €1,975 | €3,287 | +€1,311 | +66.4% |
| Financial charges | 65/66B | €6,268 | €9,144 | +€2,876 | +45.9% |
| Recurring financial charges | 65 | €6,268 | €8,894 | +€2,626 | +41.9% |
| Non-recurring financial charges | 66B | - | €250 | +€250 | |
| Profit (loss) for the period before taxes | 9903 | €136,164 | €12,089 | -€124,074 | -91.1% |
| Income taxes | 67/77 | €44,490 | €4,107 | -€40,383 | -90.8% |
| Profit (loss) for the period | 9904 | €91,674 | €7,982 | -€83,692 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,674 | €7,982 | -€83,692 | -91.3% |
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 14 October 2026 via checked.be.