Moeys-Fa: 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-Fa
Largest movements
- Tangible fixed assets -€144,419
down €144,419 (-16.7%), from €866,448 to €722,029
of which Plant, machinery and equipment: -€102,365
- Cash +€46,545
up €46,545 (+30.1%), from €154,562 to €201,106
mainly Depreciation (+€147,848) and Net result for the year (+€25,918)
- Receivables within one year +€41,672
up €41,672 (+76.5%), from €54,500 to €96,171
of which Trade receivables: +€39,081
- Other debts -€80,000
no longer reported in 2025 (was €80,000)
- Profit (loss) carried forward +€25,918
up €25,918 (+9.0%), from €287,581 to €313,499
- Gross operating margin -€135,577
down €135,577 (-15.2%), from €891,694 to €756,117
- Staff costs -€52,462
down €52,462 (-8.1%), from €649,236 to €596,774
- Depreciation +€30,448
up €30,448 (+25.9%), from €117,401 to €147,848
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 | €1,281,003 | €1,223,099 | -€57,903 | -4.5% |
| Fixed assets | 21/28 | €866,448 | €722,029 | -€144,419 | -16.7% |
| Tangible fixed assets | 22/27 | €866,448 | €722,029 | -€144,419 | -16.7% |
| Land and buildings | 22 | €3,722 | €6,217 | +€2,495 | +67.0% |
| Plant, machinery and equipment | 23 | €722,702 | €620,337 | -€102,365 | -14.2% |
| Furniture and vehicles | 24 | €140,025 | €95,476 | -€44,549 | -31.8% |
| Current assets | 29/58 | €414,555 | €501,070 | +€86,515 | +20.9% |
| Stocks and contracts in progress | 3 | €201,209 | €196,745 | -€4,464 | -2.2% |
| Stocks | 30/36 | €196,909 | €191,945 | -€4,964 | -2.5% |
| Contracts in progress | 37 | €4,300 | €4,800 | +€500 | +11.6% |
| Amounts receivable within one year | 40/41 | €54,500 | €96,171 | +€41,672 | +76.5% |
| Trade receivables | 40 | - | €39,081 | +€39,081 | |
| Other amounts receivable | 41 | €54,500 | €57,091 | +€2,591 | +4.8% |
| Cash at bank and in hand | 54/58 | €154,562 | €201,106 | +€46,545 | +30.1% |
| Deferred charges and accrued income | 490/1 | €4,284 | €7,047 | +€2,763 | +64.5% |
| Total equity and liabilities | 10/49 | €1,281,003 | €1,223,099 | -€57,903 | -4.5% |
| Equity | 10/15 | €1,068,355 | €1,094,274 | +€25,918 | +2.4% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €605,775 | €605,775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €588,275 | €588,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,581 | €313,499 | +€25,918 | +9.0% |
| Amounts payable | 17/49 | €212,647 | €128,826 | -€83,821 | -39.4% |
| Amounts payable within one year | 42/48 | €212,647 | €128,826 | -€83,821 | -39.4% |
| Trade debts | 44 | €30,193 | €29,281 | -€912 | -3.0% |
| Suppliers | 440/4 | €30,193 | €29,281 | -€912 | -3.0% |
| Taxes, remuneration and social security | 45 | €102,455 | €99,545 | -€2,910 | -2.8% |
| Taxes | 450/3 | €29,175 | €26,033 | -€3,142 | -10.8% |
| Remuneration and social security | 454/9 | €73,280 | €73,512 | +€232 | +0.3% |
| Other amounts payable | 47/48 | €80,000 | - | -€80,000 | |
| Remuneration, social security and pensions | 62 | €649,236 | €596,774 | -€52,462 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,401 | €147,848 | +€30,448 | +25.9% |
| Other operating charges | 640/8 | €10,723 | €10,647 | -€77 | -0.7% |
| Gross operating margin | 9900 | €891,694 | €756,117 | -€135,577 | -15.2% |
| Operating profit (loss) | 9901 | €114,333 | €847 | -€113,486 | -99.3% |
| Financial income | 75/76B | €44,499 | €39,446 | -€5,052 | -11.4% |
| Recurring financial income | 75 | €44,499 | €39,446 | -€5,052 | -11.4% |
| Financial charges | 65/66B | - | €6 | +€6 | |
| Recurring financial charges | 65 | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €158,832 | €40,288 | -€118,545 | -74.6% |
| Income taxes | 67/77 | €18,540 | €14,369 | -€4,171 | -22.5% |
| Profit (loss) for the period | 9904 | €140,292 | €25,918 | -€114,374 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,292 | €25,918 | -€114,374 | -81.5% |
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 15 October 2026 via checked.be.