MOON LIGHT: 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.
MOON LIGHT
Largest movements
- Receivables within one year +€96,185
up €96,185 (+115%), from €83,499 to €179,684
of which Trade receivables: +€117,480
- Stocks and contracts -€39,099
down €39,099 (-33.3%), from €117,512 to €78,412
- Deferred charges and accrued income +€32,033
up €32,033 (+1,332%), from €2,404 to €34,437
- Tangible fixed assets -€16,559
down €16,559 (-82.8%), from €20,006 to €3,447
of which Furniture and vehicles: -€17,788
- Trade debts +€97,672
up €97,672 (+160%), from €60,967 to €158,639
- Profit (loss) carried forward -€42,839
down €42,839 (-48.2%), from €88,804 to €45,965
- Other debts +€24,789
new in 2025: €24,789
- Current portion of long-term debt -€10,240
no longer reported in 2025 (was €10,240)
- Tax, wage and social debts +€4,316
up €4,316 (+10.3%), from €41,720 to €46,036
of which Remuneration and social security: +€8,107
- Gross operating margin -€126,071
down €126,071, from €103,771 to -€22,300
- Staff costs -€76,913
down €76,913 (-98.9%), from €77,762 to €849
- Depreciation -€11,950
down €11,950 (-86.7%), from €13,775 to €1,825
- Other operating charges +€7,755
up €7,755 (+254%), from €3,059 to €10,813
- Financial charges +€1,400
up €1,400 (+27.6%), from €5,080 to €6,481
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 | €231,660 | €306,181 | +€74,521 | +32.2% |
| Fixed assets | 21/28 | €21,556 | €4,997 | -€16,559 | -76.8% |
| Tangible fixed assets | 22/27 | €20,006 | €3,447 | -€16,559 | -82.8% |
| Plant, machinery and equipment | 23 | €890 | €2,119 | +€1,229 | +138% |
| Furniture and vehicles | 24 | €19,116 | €1,328 | -€17,788 | -93.1% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €210,104 | €301,184 | +€91,080 | +43.3% |
| Stocks and contracts in progress | 3 | €117,512 | €78,412 | -€39,099 | -33.3% |
| Stocks | 30/36 | €117,512 | €78,412 | -€39,099 | -33.3% |
| Amounts receivable within one year | 40/41 | €83,499 | €179,684 | +€96,185 | +115% |
| Trade receivables | 40 | €44,575 | €162,055 | +€117,480 | +264% |
| Other amounts receivable | 41 | €38,924 | €17,629 | -€21,295 | -54.7% |
| Cash at bank and in hand | 54/58 | €6,690 | €8,651 | +€1,961 | +29.3% |
| Deferred charges and accrued income | 490/1 | €2,404 | €34,437 | +€32,033 | +1,332% |
| Total equity and liabilities | 10/49 | €231,660 | €306,181 | +€74,521 | +32.2% |
| Equity | 10/15 | €109,704 | €66,865 | -€42,839 | -39.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,804 | €45,965 | -€42,839 | -48.2% |
| Amounts payable | 17/49 | €121,956 | €239,316 | +€117,360 | +96.2% |
| Amounts payable within one year | 42/48 | €121,956 | €239,316 | +€117,360 | +96.2% |
| Current portion of amounts payable after more than one year | 42 | €10,240 | - | -€10,240 | |
| Financial debts | 43 | €9,029 | €9,852 | +€823 | +9.1% |
| Credit institutions | 430/8 | €9,029 | €9,852 | +€823 | +9.1% |
| Trade debts | 44 | €60,967 | €158,639 | +€97,672 | +160% |
| Suppliers | 440/4 | €60,967 | €158,639 | +€97,672 | +160% |
| Taxes, remuneration and social security | 45 | €41,720 | €46,036 | +€4,316 | +10.3% |
| Taxes | 450/3 | €36,658 | €32,867 | -€3,791 | -10.3% |
| Remuneration and social security | 454/9 | €5,062 | €13,169 | +€8,107 | +160% |
| Other amounts payable | 47/48 | - | €24,789 | +€24,789 | |
| Remuneration, social security and pensions | 62 | €77,762 | €849 | -€76,913 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,775 | €1,825 | -€11,950 | -86.7% |
| Other operating charges | 640/8 | €3,059 | €10,813 | +€7,755 | +254% |
| Gross operating margin | 9900 | €103,771 | -€22,300 | -€126,071 | |
| Operating profit (loss) | 9901 | €9,175 | -€35,788 | -€44,963 | |
| Financial income | 75/76B | €18 | €0 | -€18 | -98.6% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -98.6% |
| Financial charges | 65/66B | €5,080 | €6,481 | +€1,400 | +27.6% |
| Recurring financial charges | 65 | €5,080 | €6,481 | +€1,400 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €4,113 | -€42,268 | -€46,381 | |
| Income taxes | 67/77 | €849 | €570 | -€279 | -32.8% |
| Profit (loss) for the period | 9904 | €3,264 | -€42,839 | -€46,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,264 | -€42,839 | -€46,102 |
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 22 October 2026 via checked.be.