MOMENT: what changed
MOMENT
Largest movements
- Receivables within one year +€662,328
up €662,328 (+115%), from €575,138 to €1.2m
of which Trade receivables: +€335,775
- Cash +€81,775
up €81,775 (+64.6%), from €126,593 to €208,368
mainly Debts after one year (+€249,023) and Net result for the year (+€237,676)
- Financial fixed assets +€78,250
up €78,250 (+58.0%), from €135,002 to €213,252
- Receivables after one year -€59,443
down €59,443 (-19.3%), from €307,889 to €248,446
- Intangible fixed assets -€58,783
down €58,783 (-7.2%), from €815,443 to €756,660
- Other debts -€371,500
down €371,500 (-57.4%), from €647,600 to €276,100
- Debts after one year +€249,023
up €249,023 (+35.1%), from €709,577 to €958,601
- Reserves +€237,676
up €237,676 (+120%), from €197,526 to €435,201
of which Distributable reserves: +€132,426
- Trade debts +€219,315
up €219,315 (+1,786%), from €12,277 to €231,591
- Short-term financial debts +€169,114
up €169,114 (+456%), from €37,092 to €206,206
- Staff costs +€270,092
up €270,092 (+77.9%), from €346,494 to €616,586
- Gross operating margin -€127,864
down €127,864 (-10.6%), from €1.2m to €1.1m
- Depreciation -€58,337
down €58,337 (-37.4%), from €156,017 to €97,679
- Taxes +€48,751
up €48,751 (+70.7%), from €68,922 to €117,673
- Financial income +€27,359
up €27,359 (+356%), from €7,690 to €35,049
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,130,646 | €2,838,839 | +€708,192 | +33.2% |
| Fixed assets | 21/28 | €1,040,856 | €1,059,267 | +€18,411 | +1.8% |
| Intangible fixed assets | 21 | €815,443 | €756,660 | -€58,783 | -7.2% |
| Tangible fixed assets | 22/27 | €90,411 | €89,355 | -€1,056 | -1.2% |
| Plant, machinery and equipment | 23 | €80,518 | €81,337 | +€819 | +1.0% |
| Furniture and vehicles | 24 | €2,893 | €1,017 | -€1,876 | -64.8% |
| Other tangible fixed assets | 26 | €7,000 | €7,000 | = | 0.0% |
| Financial fixed assets | 28 | €135,002 | €213,252 | +€78,250 | +58.0% |
| Current assets | 29/58 | €1,089,790 | €1,779,572 | +€689,782 | +63.3% |
| Amounts receivable after more than one year | 29 | €307,889 | €248,446 | -€59,443 | -19.3% |
| Other amounts receivable | 291 | €307,889 | €248,446 | -€59,443 | -19.3% |
| Amounts receivable within one year | 40/41 | €575,138 | €1,237,466 | +€662,328 | +115% |
| Trade receivables | 40 | €468,875 | €804,650 | +€335,775 | +71.6% |
| Other amounts receivable | 41 | €106,263 | €432,816 | +€326,553 | +307% |
| Cash at bank and in hand | 54/58 | €126,593 | €208,368 | +€81,775 | +64.6% |
| Deferred charges and accrued income | 490/1 | €80,170 | €85,292 | +€5,122 | +6.4% |
| Total equity and liabilities | 10/49 | €2,130,646 | €2,838,839 | +€708,192 | +33.2% |
| Equity | 10/15 | €447,526 | €685,201 | +€237,676 | +53.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €197,526 | €435,201 | +€237,676 | +120% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €197,526 | €329,951 | +€132,426 | +67.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,683,121 | €2,153,638 | +€470,517 | +28.0% |
| Amounts payable after more than one year | 17 | €709,577 | €958,601 | +€249,023 | +35.1% |
| Financial debts | 170/4 | €709,577 | €958,601 | +€249,023 | +35.1% |
| Amounts payable within one year | 42/48 | €973,319 | €1,195,037 | +€221,718 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €231,611 | €358,913 | +€127,302 | +55.0% |
| Financial debts | 43 | €37,092 | €206,206 | +€169,114 | +456% |
| Credit institutions | 430/8 | €37,092 | €206,206 | +€169,114 | +456% |
| Trade debts | 44 | €12,277 | €231,591 | +€219,315 | +1,786% |
| Suppliers | 440/4 | €12,277 | €231,591 | +€219,315 | +1,786% |
| Taxes, remuneration and social security | 45 | €44,739 | €122,227 | +€77,488 | +173% |
| Taxes | 450/3 | €14,240 | €65,889 | +€51,650 | +363% |
| Remuneration and social security | 454/9 | €30,499 | €56,337 | +€25,838 | +84.7% |
| Other amounts payable | 47/48 | €647,600 | €276,100 | -€371,500 | -57.4% |
| Accrued charges and deferred income | 492/3 | €224 | €0 | -€224 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €346,494 | €616,586 | +€270,092 | +77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,017 | €97,679 | -€58,337 | -37.4% |
| Other operating charges | 640/8 | €4,856 | €5,595 | +€739 | +15.2% |
| Gross operating margin | 9900 | €1,211,274 | €1,083,410 | -€127,864 | -10.6% |
| Operating profit (loss) | 9901 | €703,907 | €363,550 | -€340,357 | -48.4% |
| Financial income | 75/76B | €7,690 | €35,049 | +€27,359 | +356% |
| Recurring financial income | 75 | €7,690 | €35,049 | +€27,359 | +356% |
| Financial charges | 65/66B | €23,652 | €43,251 | +€19,599 | +82.9% |
| Recurring financial charges | 65 | €23,652 | €43,251 | +€19,599 | +82.9% |
| Profit (loss) for the period before taxes | 9903 | €687,945 | €355,349 | -€332,597 | -48.3% |
| Income taxes | 67/77 | €68,922 | €117,673 | +€48,751 | +70.7% |
| Profit (loss) for the period | 9904 | €619,024 | €237,676 | -€381,348 | -61.6% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €619,024 | €132,426 | -€486,598 | -78.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.