MOETJE: what changed
MOETJE
Largest movements
- Cash -€26,466
down €26,466 (-51.6%), from €51,262 to €24,795
mainly Contributions, distributions and other (-€60,000) and Current portion of long-term debt (-€3,554)
- Tangible fixed assets -€9,090
down €9,090 (-39.9%), from €22,805 to €13,716
of which Plant, machinery and equipment: -€6,890
- Receivables within one year -€2,474
down €2,474 (-36.1%), from €6,861 to €4,387
of which Other amounts receivable: -€4,047
- Reserves -€43,485
down €43,485 (-67.0%), from €64,919 to €21,434
- Tax, wage and social debts +€3,920
up €3,920 (+48.5%), from €8,080 to €12,000
- Other debts +€3,555
new in 2025: €3,555
- Current portion of long-term debt -€3,554
down €3,554 (-73.7%), from €4,820 to €1,267
- Trade debts +€1,293
up €1,293 (+40.4%), from €3,202 to €4,495
- Gross operating margin -€22,366
down €22,366 (-38.3%), from €58,454 to €36,088
- Taxes -€4,713
down €4,713 (-50.9%), from €9,254 to €4,541
- Financial income +€1,930
up €1,930 (+2,256%), from €86 to €2,015
- Financial charges +€1,118
up €1,118 (+116%), from €967 to €2,085
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,021 | €47,751 | -€38,271 | -44.5% |
| Fixed assets | 21/28 | €26,386 | €16,797 | -€9,590 | -36.3% |
| Intangible fixed assets | 21 | €3,581 | €3,081 | -€500 | -14.0% |
| Tangible fixed assets | 22/27 | €22,805 | €13,716 | -€9,090 | -39.9% |
| Plant, machinery and equipment | 23 | €17,164 | €10,274 | -€6,890 | -40.1% |
| Furniture and vehicles | 24 | €5,642 | €3,442 | -€2,200 | -39.0% |
| Current assets | 29/58 | €59,635 | €30,954 | -€28,681 | -48.1% |
| Stocks and contracts in progress | 3 | €1,154 | €1,373 | +€218 | +18.9% |
| Stocks | 30/36 | €1,154 | €1,373 | +€218 | +18.9% |
| Amounts receivable within one year | 40/41 | €6,861 | €4,387 | -€2,474 | -36.1% |
| Trade receivables | 40 | €543 | €2,117 | +€1,574 | +290% |
| Other amounts receivable | 41 | €6,318 | €2,271 | -€4,047 | -64.1% |
| Cash at bank and in hand | 54/58 | €51,262 | €24,795 | -€26,466 | -51.6% |
| Deferred charges and accrued income | 490/1 | €358 | €399 | +€41 | +11.4% |
| Total equity and liabilities | 10/49 | €86,021 | €47,751 | -€38,271 | -44.5% |
| Equity | 10/15 | €69,919 | €26,434 | -€43,485 | -62.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,919 | €21,434 | -€43,485 | -67.0% |
| Distributable reserves | 133 | €64,919 | €21,434 | -€43,485 | -67.0% |
| Amounts payable | 17/49 | €16,102 | €21,316 | +€5,214 | +32.4% |
| Amounts payable within one year | 42/48 | €16,102 | €21,316 | +€5,214 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €4,820 | €1,267 | -€3,554 | -73.7% |
| Trade debts | 44 | €3,202 | €4,495 | +€1,293 | +40.4% |
| Suppliers | 440/4 | €3,202 | €4,495 | +€1,293 | +40.4% |
| Taxes, remuneration and social security | 45 | €8,080 | €12,000 | +€3,920 | +48.5% |
| Taxes | 450/3 | €8,080 | €12,000 | +€3,920 | +48.5% |
| Other amounts payable | 47/48 | - | €3,555 | +€3,555 | |
| Remuneration, social security and pensions | 62 | €3,907 | €4,408 | +€501 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,362 | €9,590 | +€227 | +2.4% |
| Other operating charges | 640/8 | €947 | €964 | +€18 | +1.9% |
| Gross operating margin | 9900 | €58,454 | €36,088 | -€22,366 | -38.3% |
| Operating profit (loss) | 9901 | €44,238 | €21,126 | -€23,111 | -52.2% |
| Financial income | 75/76B | €86 | €2,015 | +€1,930 | +2,256% |
| Recurring financial income | 75 | €86 | €2,015 | +€1,930 | +2,256% |
| Financial charges | 65/66B | €967 | €2,085 | +€1,118 | +116% |
| Recurring financial charges | 65 | €967 | €2,085 | +€1,118 | +116% |
| Profit (loss) for the period before taxes | 9903 | €43,356 | €21,056 | -€22,300 | -51.4% |
| Income taxes | 67/77 | €9,254 | €4,541 | -€4,713 | -50.9% |
| Profit (loss) for the period | 9904 | €34,102 | €16,515 | -€17,587 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,102 | €16,515 | -€17,587 | -51.6% |
Next steps
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 2 November 2026 via checked.be.