Moon Pulse: 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.
Moon Pulse
Largest movements
- Receivables within one year +€61,345
up €61,345 (+1817.0%), from €3,376 to €64,721
of which Trade receivables: +€63,220
- Cash -€3,866
down €3,866 (-7.6%), from €50,624 to €46,757
mainly Contributions, distributions and other (-€72,971) and Receivables within one year (-€61,345)
- Deferred charges and accrued income +€1,942
up €1,942 (+168.5%), from €1,153 to €3,094
- Other debts +€45,764
up €45,764 (+151.1%), from €30,291 to €76,055
- Reserves -€38,388
down €38,388 (-95.3%), from €40,288 to €1,900
of which Distributable reserves: -€38,388
- Profit (loss) carried forward +€34,465
no longer reported in 2025 (was -€34,465)
- Tax, wage and social debts +€15,088
up €15,088 (+9079.3%), from €166 to €15,254
- Trade debts +€2,700
up €2,700 (+571.3%), from €473 to €3,173
- Gross operating margin +€84,752
up €84,752, from -€5,285 to €79,467
- Taxes +€8,916
up €8,916 (+11444.9%), from €78 to €8,993
- Depreciation -€2,323
down €2,323 (-77.7%), from €2,990 to €667
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 | €55,753 | €115,382 | +€59,629 | +107.0% |
| Fixed assets | 21/28 | €600 | €809 | +€208 | +34.7% |
| Tangible fixed assets | 22/27 | €600 | €809 | +€208 | +34.7% |
| Plant, machinery and equipment | 23 | €212 | €596 | +€385 | +181.7% |
| Furniture and vehicles | 24 | €123 | - | -€123 | |
| Other tangible fixed assets | 26 | €265 | €212 | -€53 | -20.0% |
| Current assets | 29/58 | €55,152 | €114,573 | +€59,421 | +107.7% |
| Amounts receivable within one year | 40/41 | €3,376 | €64,721 | +€61,345 | +1817.0% |
| Trade receivables | 40 | €405 | €63,625 | +€63,220 | +15609.8% |
| Other amounts receivable | 41 | €2,971 | €1,096 | -€1,875 | -63.1% |
| Cash at bank and in hand | 54/58 | €50,624 | €46,757 | -€3,866 | -7.6% |
| Deferred charges and accrued income | 490/1 | €1,153 | €3,094 | +€1,942 | +168.5% |
| Total equity and liabilities | 10/49 | €55,753 | €115,382 | +€59,629 | +107.0% |
| Equity | 10/15 | €24,823 | €20,900 | -€3,923 | -15.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €40,288 | €1,900 | -€38,388 | -95.3% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €38,388 | - | -€38,388 | |
| Profit (loss) carried forward | 14 | -€34,465 | - | +€34,465 | |
| Amounts payable | 17/49 | €30,929 | €94,482 | +€63,552 | +205.5% |
| Amounts payable within one year | 42/48 | €30,929 | €94,482 | +€63,552 | +205.5% |
| Trade debts | 44 | €473 | €3,173 | +€2,700 | +571.3% |
| Suppliers | 440/4 | €473 | €3,173 | +€2,700 | +571.3% |
| Taxes, remuneration and social security | 45 | €166 | €15,254 | +€15,088 | +9079.3% |
| Taxes | 450/3 | €166 | €15,254 | +€15,088 | +9079.3% |
| Other amounts payable | 47/48 | €30,291 | €76,055 | +€45,764 | +151.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,990 | €667 | -€2,323 | -77.7% |
| Other operating charges | 640/8 | €693 | €924 | +€231 | +33.4% |
| Gross operating margin | 9900 | -€5,285 | €79,467 | +€84,752 | |
| Operating profit (loss) | 9901 | -€8,967 | €77,876 | +€86,843 | |
| Financial income | 75/76B | €541 | €300 | -€241 | -44.6% |
| Recurring financial income | 75 | €541 | €300 | -€241 | -44.6% |
| Financial charges | 65/66B | €126 | €135 | +€9 | +7.3% |
| Recurring financial charges | 65 | €126 | €135 | +€9 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,552 | €78,041 | +€86,593 | |
| Income taxes | 67/77 | €78 | €8,993 | +€8,916 | +11444.9% |
| Profit (loss) for the period | 9904 | -€8,630 | €69,048 | +€77,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,630 | €69,048 | +€77,678 |
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 2 October 2026 via checked.be.