MOINAX: 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.
MOINAX
Largest movements
- Cash -€6,588
down €6,588 (-32.9%), from €20,047 to €13,459
mainly Contributions, distributions and other (-€25,000) and Debts after one year (-€20,604)
- Receivables within one year -€6,342
down €6,342 (-11.4%), from €55,566 to €49,223
of which Other amounts receivable: -€6,464
- Tangible fixed assets -€2,921
down €2,921 (-68.2%), from €4,280 to €1,359
- Debts after one year -€20,604
down €20,604 (-92.2%), from €22,349 to €1,745
- Reserves +€8,000
new in 2025: €8,000
- Current portion of long-term debt -€6,066
down €6,066 (-20.8%), from €29,229 to €23,163
- Trade debts -€3,272
down €3,272 (-51.2%), from €6,395 to €3,123
- Tax, wage and social debts +€2,668
up €2,668 (+31.3%), from €8,511 to €11,179
- Taxes +€5,815
up €5,815 (+165.0%), from €3,523 to €9,337
- Gross operating margin +€2,424
up €2,424 (+5.1%), from €47,641 to €50,065
- Depreciation -€1,055
down €1,055 (-26.5%), from €3,976 to €2,921
- Financial income -€532
down €532 (-99.8%), from €533 to €1
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 | €80,972 | €64,869 | -€16,103 | -19.9% |
| Fixed assets | 21/28 | €4,353 | €1,432 | -€2,921 | -67.1% |
| Tangible fixed assets | 22/27 | €4,280 | €1,359 | -€2,921 | -68.2% |
| Furniture and vehicles | 24 | €4,280 | €1,359 | -€2,921 | -68.2% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €76,618 | €63,436 | -€13,182 | -17.2% |
| Amounts receivable within one year | 40/41 | €55,566 | €49,223 | -€6,342 | -11.4% |
| Trade receivables | 40 | €14,663 | €14,785 | +€122 | +0.8% |
| Other amounts receivable | 41 | €40,903 | €34,438 | -€6,464 | -15.8% |
| Cash at bank and in hand | 54/58 | €20,047 | €13,459 | -€6,588 | -32.9% |
| Deferred charges and accrued income | 490/1 | €1,005 | €754 | -€251 | -25.0% |
| Total equity and liabilities | 10/49 | €80,972 | €64,869 | -€16,103 | -19.9% |
| Equity | 10/15 | €14,488 | €23,102 | +€8,614 | +59.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | - | €8,000 | +€8,000 | |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €228 | €842 | +€614 | +269.1% |
| Amounts payable | 17/49 | €66,484 | €41,767 | -€24,717 | -37.2% |
| Amounts payable after more than one year | 17 | €22,349 | €1,745 | -€20,604 | -92.2% |
| Financial debts | 170/4 | €22,349 | €1,745 | -€20,604 | -92.2% |
| Amounts payable within one year | 42/48 | €44,135 | €40,022 | -€4,113 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €29,229 | €23,163 | -€6,066 | -20.8% |
| Trade debts | 44 | €6,395 | €3,123 | -€3,272 | -51.2% |
| Suppliers | 440/4 | €6,395 | €3,123 | -€3,272 | -51.2% |
| Taxes, remuneration and social security | 45 | €8,511 | €11,179 | +€2,668 | +31.3% |
| Taxes | 450/3 | €8,511 | €11,179 | +€2,668 | +31.3% |
| Other amounts payable | 47/48 | - | €2,557 | +€2,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,976 | €2,921 | -€1,055 | -26.5% |
| Other operating charges | 640/8 | €212 | €143 | -€68 | -32.3% |
| Non-recurring operating charges | 66A | €11,300 | - | -€11,300 | |
| Gross operating margin | 9900 | €47,641 | €50,065 | +€2,424 | +5.1% |
| Operating profit (loss) | 9901 | €32,153 | €47,001 | +€14,848 | +46.2% |
| Financial income | 75/76B | €533 | €1 | -€532 | -99.8% |
| Recurring financial income | 75 | €533 | €1 | -€532 | -99.8% |
| Financial charges | 65/66B | €3,830 | €4,051 | +€221 | +5.8% |
| Recurring financial charges | 65 | €3,830 | €4,051 | +€221 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €28,856 | €42,951 | +€14,095 | +48.8% |
| Income taxes | 67/77 | €3,523 | €9,337 | +€5,815 | +165.0% |
| Profit (loss) for the period | 9904 | €25,333 | €33,614 | +€8,280 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,333 | €33,614 | +€8,280 | +32.7% |
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 4 October 2026 via checked.be.