MOEYS BEHEER: 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.
MOEYS BEHEER
Largest movements
- Cash +€49,767
up €49,767 (+20.8%), from €239,112 to €288,879
mainly Net result for the year (+€25,071) and Depreciation (+€20,306)
- Tangible fixed assets -€20,306
down €20,306 (-2.5%), from €800,212 to €779,906
- Reserves +€25,071
up €25,071 (+12.2%), from €205,751 to €230,822
of which Distributable reserves: +€25,071
- Gross operating margin +€4,469
up €4,469 (+6.7%), from €66,709 to €71,178
- Taxes +€2,328
up €2,328 (+28.7%), from €8,106 to €10,434
- Financial income -€884
down €884 (-43.4%), from €2,038 to €1,153
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 | €1,046,751 | €1,072,679 | +€25,928 | +2.5% |
| Fixed assets | 21/28 | €800,212 | €779,906 | -€20,306 | -2.5% |
| Tangible fixed assets | 22/27 | €800,212 | €779,906 | -€20,306 | -2.5% |
| Land and buildings | 22 | €800,212 | €779,906 | -€20,306 | -2.5% |
| Current assets | 29/58 | €246,539 | €292,773 | +€46,234 | +18.8% |
| Amounts receivable within one year | 40/41 | €7,426 | €3,894 | -€3,532 | -47.6% |
| Other amounts receivable | 41 | €7,426 | €3,894 | -€3,532 | -47.6% |
| Cash at bank and in hand | 54/58 | €239,112 | €288,879 | +€49,767 | +20.8% |
| Total equity and liabilities | 10/49 | €1,046,751 | €1,072,679 | +€25,928 | +2.5% |
| Equity | 10/15 | €1,046,751 | €1,071,822 | +€25,071 | +2.4% |
| Contributions | 10/11 | €841,000 | €841,000 | = | 0.0% |
| Capital | 10 | €841,000 | €841,000 | = | 0.0% |
| Issued capital | 100 | €841,000 | €841,000 | = | 0.0% |
| Reserves | 13 | €205,751 | €230,822 | +€25,071 | +12.2% |
| Non-distributable reserves | 130/1 | €84,100 | €84,100 | = | 0.0% |
| Legal reserve | 130 | €84,100 | €84,100 | = | 0.0% |
| Distributable reserves | 133 | €121,651 | €146,722 | +€25,071 | +20.6% |
| Amounts payable | 17/49 | - | €857 | +€857 | |
| Amounts payable within one year | 42/48 | - | €857 | +€857 | |
| Taxes, remuneration and social security | 45 | - | €857 | +€857 | |
| Taxes | 450/3 | - | €857 | +€857 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,306 | €20,306 | = | 0.0% |
| Other operating charges | 640/8 | €16,017 | €16,520 | +€503 | +3.1% |
| Gross operating margin | 9900 | €66,709 | €71,178 | +€4,469 | +6.7% |
| Operating profit (loss) | 9901 | €30,386 | €34,352 | +€3,966 | +13.1% |
| Financial income | 75/76B | €2,038 | €1,153 | -€884 | -43.4% |
| Recurring financial income | 75 | €2,038 | €1,153 | -€884 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €32,424 | €35,505 | +€3,081 | +9.5% |
| Income taxes | 67/77 | €8,106 | €10,434 | +€2,328 | +28.7% |
| Profit (loss) for the period | 9904 | €24,318 | €25,071 | +€754 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,318 | €25,071 | +€754 | +3.1% |
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 21 October 2026 via checked.be.