MOINE-PAZ: 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.
MOINE-PAZ
Largest movements
- Receivables within one year +€7,101
up €7,101 (+518%), from €1,371 to €8,472
of which Trade receivables: +€7,201
- Tangible fixed assets -€4,663
down €4,663 (-63.0%), from €7,397 to €2,734
- Cash -€511
down €511 (-99.4%), from €514 to €3
mainly Receivables within one year (-€7,101) and Debts after one year (-€2,646)
- Profit (loss) carried forward +€7,025
up €7,025 (+65.0%), from -€10,809 to -€3,784
- Debts after one year -€2,646
down €2,646 (-34.2%), from €7,747 to €5,101
- Tax, wage and social debts -€2,643
down €2,643 (-41.0%), from €6,451 to €3,808
of which Taxes: -€1,922
- Trade debts +€228
up €228 (+20.5%), from €1,111 to €1,339
- Gross operating margin +€23,734
up €23,734 (+113%), from €21,058 to €44,792
- Other operating charges -€2,351
down €2,351 (-89.0%), from €2,642 to €291
- Staff costs -€2,253
down €2,253 (-7.1%), from €31,885 to €29,632
- Financial charges +€1,902
up €1,902 (+169%), from €1,127 to €3,029
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 | €9,451 | €11,331 | +€1,880 | +19.9% |
| Fixed assets | 21/28 | €7,397 | €2,734 | -€4,663 | -63.0% |
| Tangible fixed assets | 22/27 | €7,397 | €2,734 | -€4,663 | -63.0% |
| Furniture and vehicles | 24 | €7,397 | €2,734 | -€4,663 | -63.0% |
| Current assets | 29/58 | €2,054 | €8,597 | +€6,543 | +319% |
| Amounts receivable within one year | 40/41 | €1,371 | €8,472 | +€7,101 | +518% |
| Trade receivables | 40 | €1,099 | €8,300 | +€7,201 | +655% |
| Other amounts receivable | 41 | €272 | €172 | -€100 | -36.8% |
| Cash at bank and in hand | 54/58 | €514 | €3 | -€511 | -99.4% |
| Deferred charges and accrued income | 490/1 | €169 | €122 | -€47 | -27.8% |
| Total equity and liabilities | 10/49 | €9,451 | €11,331 | +€1,880 | +19.9% |
| Equity | 10/15 | -€8,809 | -€1,784 | +€7,025 | +79.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,809 | -€3,784 | +€7,025 | +65.0% |
| Amounts payable | 17/49 | €18,260 | €13,115 | -€5,145 | -28.2% |
| Amounts payable after more than one year | 17 | €7,747 | €5,101 | -€2,646 | -34.2% |
| Financial debts | 170/4 | €7,747 | €5,101 | -€2,646 | -34.2% |
| Amounts payable within one year | 42/48 | €10,513 | €8,014 | -€2,499 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €2,951 | €2,867 | -€84 | -2.8% |
| Trade debts | 44 | €1,111 | €1,339 | +€228 | +20.5% |
| Suppliers | 440/4 | €1,111 | €1,339 | +€228 | +20.5% |
| Taxes, remuneration and social security | 45 | €6,451 | €3,808 | -€2,643 | -41.0% |
| Taxes | 450/3 | €2,954 | €1,032 | -€1,922 | -65.1% |
| Remuneration and social security | 454/9 | €3,497 | €2,776 | -€721 | -20.6% |
| Remuneration, social security and pensions | 62 | €31,885 | €29,632 | -€2,253 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,663 | €4,663 | = | 0.0% |
| Other operating charges | 640/8 | €2,642 | €291 | -€2,351 | -89.0% |
| Gross operating margin | 9900 | €21,058 | €44,792 | +€23,734 | +113% |
| Operating profit (loss) | 9901 | -€18,132 | €10,206 | +€28,338 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,127 | €3,029 | +€1,902 | +169% |
| Recurring financial charges | 65 | €1,127 | €3,029 | +€1,902 | +169% |
| Profit (loss) for the period before taxes | 9903 | -€19,259 | €7,178 | +€26,437 | |
| Income taxes | 67/77 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€19,412 | €7,025 | +€26,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,412 | €7,025 | +€26,437 |
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 20 October 2026 via checked.be.