Moeyaert David & Sofie: 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.
Moeyaert David & Sofie
Largest movements
- Cash +€67,529
up €67,529 (+58.3%), from €115,829 to €183,359
mainly Net result for the year (+€112,956) and Depreciation (+€19,584)
- Tangible fixed assets -€19,584
down €19,584 (-2.6%), from €756,072 to €736,488
of which Leasing and similar rights: -€19,584
- Reserves +€112,956
up €112,956 (+21.8%), from €517,310 to €630,266
- Other debts -€36,066
down €36,066 (-20.3%), from €178,022 to €141,955
- Debts after one year -€17,924
down €17,924 (-4.1%), from €433,537 to €415,613
- Financial income -€74,000
no longer reported in 2025 (was €74,000)
- Financial charges -€8,446
down €8,446 (-19.9%), from €42,486 to €34,040
- Gross operating margin -€8,344
down €8,344 (-3.6%), from €233,338 to €224,993
- Taxes -€5,449
down €5,449 (-9.0%), from €60,309 to €54,860
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 | €1,575,985 | €1,624,017 | +€48,032 | +3.0% |
| Fixed assets | 21/28 | €1,424,292 | €1,404,708 | -€19,584 | -1.4% |
| Tangible fixed assets | 22/27 | €756,072 | €736,488 | -€19,584 | -2.6% |
| Land and buildings | 22 | €681,000 | €681,000 | = | 0.0% |
| Leasing and similar rights | 25 | €75,072 | €55,488 | -€19,584 | -26.1% |
| Financial fixed assets | 28 | €668,220 | €668,220 | = | 0.0% |
| Current assets | 29/58 | €151,693 | €219,309 | +€67,616 | +44.6% |
| Amounts receivable within one year | 40/41 | €31,645 | €32,231 | +€586 | +1.9% |
| Trade receivables | 40 | €30,301 | €30,250 | -€51 | -0.2% |
| Other amounts receivable | 41 | €1,343 | €1,981 | +€637 | +47.4% |
| Cash at bank and in hand | 54/58 | €115,829 | €183,359 | +€67,529 | +58.3% |
| Deferred charges and accrued income | 490/1 | €4,219 | €3,720 | -€499 | -11.8% |
| Total equity and liabilities | 10/49 | €1,575,985 | €1,624,017 | +€48,032 | +3.0% |
| Equity | 10/15 | €879,710 | €992,666 | +€112,956 | +12.8% |
| Contributions | 10/11 | €362,400 | €362,400 | = | 0.0% |
| Reserves | 13 | €517,310 | €630,266 | +€112,956 | +21.8% |
| Distributable reserves | 133 | €517,310 | €630,266 | +€112,956 | +21.8% |
| Amounts payable | 17/49 | €696,275 | €631,352 | -€64,923 | -9.3% |
| Amounts payable after more than one year | 17 | €433,537 | €415,613 | -€17,924 | -4.1% |
| Financial debts | 170/4 | €433,537 | €415,613 | -€17,924 | -4.1% |
| Amounts payable within one year | 42/48 | €227,315 | €186,844 | -€40,471 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €15,687 | €16,463 | +€776 | +4.9% |
| Trade debts | 44 | €3,111 | €2,598 | -€513 | -16.5% |
| Suppliers | 440/4 | €3,111 | €2,598 | -€513 | -16.5% |
| Taxes, remuneration and social security | 45 | €30,496 | €25,827 | -€4,668 | -15.3% |
| Taxes | 450/3 | €24,162 | €19,494 | -€4,668 | -19.3% |
| Remuneration and social security | 454/9 | €6,333 | €6,333 | = | 0.0% |
| Other amounts payable | 47/48 | €178,022 | €141,955 | -€36,066 | -20.3% |
| Accrued charges and deferred income | 492/3 | €35,423 | €28,895 | -€6,528 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,584 | €19,584 | = | 0.0% |
| Other operating charges | 640/8 | €4,050 | €3,554 | -€496 | -12.2% |
| Non-recurring operating charges | 66A | €3,426 | - | -€3,426 | |
| Gross operating margin | 9900 | €233,338 | €224,993 | -€8,344 | -3.6% |
| Operating profit (loss) | 9901 | €206,278 | €201,855 | -€4,423 | -2.1% |
| Financial income | 75/76B | €74,000 | - | -€74,000 | |
| Recurring financial income | 75 | €74,000 | - | -€74,000 | |
| Financial charges | 65/66B | €42,486 | €34,040 | -€8,446 | -19.9% |
| Recurring financial charges | 65 | €42,486 | €34,040 | -€8,446 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €237,792 | €167,815 | -€69,977 | -29.4% |
| Income taxes | 67/77 | €60,309 | €54,860 | -€5,449 | -9.0% |
| Profit (loss) for the period | 9904 | €177,483 | €112,956 | -€64,527 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €177,483 | €112,956 | -€64,527 | -36.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.