Moffat Development: 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.
Moffat Development
Largest movements
- Cash -€38,988
down €38,988 (-40.5%), from €96,273 to €57,285
mainly Net result for the year (-€29,838) and Tax, wage and social debts (-€8,105)
- Receivables within one year -€2,712
down €2,712 (-55.8%), from €4,863 to €2,151
of which Trade receivables: -€4,301
- Reserves -€16,593
down €16,593 (-20.6%), from €80,701 to €64,109
- Profit (loss) carried forward -€13,246
new in 2025: -€13,246
- Tax, wage and social debts -€8,105
down €8,105 (-88.0%), from €9,205 to €1,100
of which Taxes: -€8,105
- Trade debts -€2,967
down €2,967 (-89.8%), from €3,303 to €337
- Gross operating margin -€13,214
down €13,214 (-87.3%), from -€15,134 to -€28,347
- Financial charges -€10,224
down €10,224 (-99.4%), from €10,283 to €59
of which Non-recurring financial charges: -€10,205
- Write-downs -€9,000
down €9,000, from €4,500 to -€4,500
- Other operating charges +€4,514
up €4,514 (+1,001%), from €451 to €4,965
- Depreciation +€623
up €623 (+179%), from €347 to €970
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 | €103,602 | €62,604 | -€40,998 | -39.6% |
| Fixed assets | 21/28 | €2,450 | €2,608 | +€158 | +6.5% |
| Intangible fixed assets | 21 | - | €352 | +€352 | |
| Tangible fixed assets | 22/27 | €2,450 | €2,257 | -€193 | -7.9% |
| Plant, machinery and equipment | 23 | €566 | €400 | -€166 | -29.3% |
| Furniture and vehicles | 24 | €1,884 | €1,857 | -€27 | -1.5% |
| Current assets | 29/58 | €101,152 | €59,995 | -€41,157 | -40.7% |
| Amounts receivable within one year | 40/41 | €4,863 | €2,151 | -€2,712 | -55.8% |
| Trade receivables | 40 | €4,301 | - | -€4,301 | |
| Other amounts receivable | 41 | €562 | €2,151 | +€1,589 | +283% |
| Cash at bank and in hand | 54/58 | €96,273 | €57,285 | -€38,988 | -40.5% |
| Deferred charges and accrued income | 490/1 | €17 | €559 | +€543 | +3,283% |
| Total equity and liabilities | 10/49 | €103,602 | €62,604 | -€40,998 | -39.6% |
| Equity | 10/15 | €85,701 | €55,863 | -€29,838 | -34.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,701 | €64,109 | -€16,593 | -20.6% |
| Distributable reserves | 133 | €80,701 | €64,109 | -€16,593 | -20.6% |
| Profit (loss) carried forward | 14 | - | -€13,246 | -€13,246 | |
| Amounts payable | 17/49 | €17,901 | €6,741 | -€11,160 | -62.3% |
| Amounts payable within one year | 42/48 | €17,901 | €6,741 | -€11,160 | -62.3% |
| Trade debts | 44 | €3,303 | €337 | -€2,967 | -89.8% |
| Suppliers | 440/4 | €3,303 | €337 | -€2,967 | -89.8% |
| Taxes, remuneration and social security | 45 | €9,205 | €1,100 | -€8,105 | -88.0% |
| Taxes | 450/3 | €8,105 | - | -€8,105 | |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €5,393 | €5,304 | -€89 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €970 | +€623 | +179% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,500 | -€4,500 | -€9,000 | |
| Other operating charges | 640/8 | €451 | €4,965 | +€4,514 | +1,001% |
| Gross operating margin | 9900 | -€15,134 | -€28,347 | -€13,214 | -87.3% |
| Operating profit (loss) | 9901 | -€20,432 | -€29,783 | -€9,351 | -45.8% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €10,283 | €59 | -€10,224 | -99.4% |
| Recurring financial charges | 65 | €78 | €59 | -€19 | -24.1% |
| Non-recurring financial charges | 66B | €10,205 | - | -€10,205 | |
| Profit (loss) for the period before taxes | 9903 | -€30,715 | -€29,838 | +€877 | +2.9% |
| Profit (loss) for the period | 9904 | -€30,715 | -€29,838 | +€877 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,715 | -€29,838 | +€877 | +2.9% |
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 27 October 2026 via checked.be.