MOISE: 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.
MOISE
Largest movements
- Receivables after one year +€110,748
new in 2025: €110,748
- Receivables within one year -€89,566
down €89,566 (-54.8%), from €163,470 to €73,903
of which Other amounts receivable: -€104,727
- Cash +€13,708
up €13,708 (+35.8%), from €38,334 to €52,042
mainly Receivables within one year (+€89,566) and Net result for the year (+€29,511)
- Tangible fixed assets -€6,424
down €6,424 (-77.4%), from €8,299 to €1,875
of which Furniture and vehicles: -€5,445
- Profit (loss) carried forward +€29,511
up €29,511 (+19.6%), from €150,423 to €179,934
- Trade debts +€4,758
up €4,758 (+57.5%), from €8,273 to €13,031
- Current portion of long-term debt -€4,720
no longer reported in 2025 (was €4,720)
- Gross operating margin -€16,483
down €16,483 (-9.9%), from €167,242 to €150,759
- Taxes +€9,395
up €9,395 (+66.9%), from €14,048 to €23,443
- Staff costs -€5,882
down €5,882 (-6.0%), from €98,163 to €92,281
- Financial charges -€2,748
down €2,748 (-88.1%), from €3,120 to €372
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 | €210,509 | €238,883 | +€28,373 | +13.5% |
| Fixed assets | 21/28 | €8,614 | €2,190 | -€6,424 | -74.6% |
| Tangible fixed assets | 22/27 | €8,299 | €1,875 | -€6,424 | -77.4% |
| Plant, machinery and equipment | 23 | €2,854 | €1,875 | -€978 | -34.3% |
| Furniture and vehicles | 24 | €5,445 | - | -€5,445 | |
| Financial fixed assets | 28 | €314 | €314 | = | 0.0% |
| Current assets | 29/58 | €201,896 | €236,693 | +€34,797 | +17.2% |
| Amounts receivable after more than one year | 29 | - | €110,748 | +€110,748 | |
| Other amounts receivable | 291 | - | €110,748 | +€110,748 | |
| Amounts receivable within one year | 40/41 | €163,470 | €73,903 | -€89,566 | -54.8% |
| Trade receivables | 40 | €22,326 | €37,487 | +€15,161 | +67.9% |
| Other amounts receivable | 41 | €141,144 | €36,416 | -€104,727 | -74.2% |
| Cash at bank and in hand | 54/58 | €38,334 | €52,042 | +€13,708 | +35.8% |
| Deferred charges and accrued income | 490/1 | €92 | - | -€92 | |
| Total equity and liabilities | 10/49 | €210,509 | €238,883 | +€28,373 | +13.5% |
| Equity | 10/15 | €170,883 | €200,394 | +€29,511 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,423 | €179,934 | +€29,511 | +19.6% |
| Amounts payable | 17/49 | €39,626 | €38,488 | -€1,138 | -2.9% |
| Amounts payable after more than one year | 17 | €1,292 | - | -€1,292 | |
| Financial debts | 170/4 | €1,292 | - | -€1,292 | |
| Amounts payable within one year | 42/48 | €38,335 | €38,488 | +€154 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €4,720 | - | -€4,720 | |
| Trade debts | 44 | €8,273 | €13,031 | +€4,758 | +57.5% |
| Suppliers | 440/4 | €8,273 | €13,031 | +€4,758 | +57.5% |
| Taxes, remuneration and social security | 45 | €25,342 | €25,458 | +€115 | +0.5% |
| Taxes | 450/3 | €14,976 | €14,948 | -€28 | -0.2% |
| Remuneration and social security | 454/9 | €10,366 | €10,510 | +€143 | +1.4% |
| Non-recurring operating income | 76A | €9,461 | €1,265 | -€8,196 | -86.6% |
| Remuneration, social security and pensions | 62 | €98,163 | €92,281 | -€5,882 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,527 | €4,688 | -€839 | -15.2% |
| Other operating charges | 640/8 | €1,437 | €463 | -€973 | -67.7% |
| Non-recurring operating charges | 66A | €9,283 | - | -€9,283 | |
| Gross operating margin | 9900 | €167,242 | €150,759 | -€16,483 | -9.9% |
| Operating profit (loss) | 9901 | €52,832 | €53,326 | +€494 | +0.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,120 | €372 | -€2,748 | -88.1% |
| Recurring financial charges | 65 | €3,120 | €372 | -€2,748 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €49,713 | €52,954 | +€3,241 | +6.5% |
| Income taxes | 67/77 | €14,048 | €23,443 | +€9,395 | +66.9% |
| Profit (loss) for the period | 9904 | €35,666 | €29,511 | -€6,155 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,666 | €29,511 | -€6,155 | -17.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.