MOON WALKER: 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 WALKER
Largest movements
- Tangible fixed assets -€34,174
down €34,174 (-57.4%), from €59,508 to €25,334
of which Plant, machinery and equipment: -€37,830
- Receivables within one year -€13,771
down €13,771 (-33.9%), from €40,565 to €26,794
of which Trade receivables: -€12,072
- Profit (loss) carried forward -€17,665
down €17,665, from €16,657 to -€1,008
- Other debts -€12,299
down €12,299 (-59.2%), from €20,773 to €8,474
- Trade debts -€9,088
down €9,088 (-29.8%), from €30,510 to €21,423
- Tax, wage and social debts -€5,992
down €5,992 (-62.8%), from €9,543 to €3,552
- Debts after one year -€3,952
down €3,952 (-32.7%), from €12,084 to €8,132
- Depreciation -€24,560
down €24,560 (-38.4%), from €63,946 to €39,386
- Gross operating margin -€21,762
down €21,762 (-48.5%), from €44,852 to €23,090
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 | €107,592 | €58,784 | -€48,807 | -45.4% |
| Fixed assets | 21/28 | €59,908 | €25,734 | -€34,174 | -57.0% |
| Tangible fixed assets | 22/27 | €59,508 | €25,334 | -€34,174 | -57.4% |
| Plant, machinery and equipment | 23 | €59,508 | €21,678 | -€37,830 | -63.6% |
| Other tangible fixed assets | 26 | - | €3,655 | +€3,655 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €47,684 | €33,051 | -€14,633 | -30.7% |
| Amounts receivable within one year | 40/41 | €40,565 | €26,794 | -€13,771 | -33.9% |
| Trade receivables | 40 | €36,710 | €24,638 | -€12,072 | -32.9% |
| Other amounts receivable | 41 | €3,855 | €2,156 | -€1,699 | -44.1% |
| Cash at bank and in hand | 54/58 | €7,119 | €6,257 | -€862 | -12.1% |
| Total equity and liabilities | 10/49 | €107,592 | €58,784 | -€48,807 | -45.4% |
| Equity | 10/15 | €30,917 | €13,252 | -€17,665 | -57.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | €16,657 | -€1,008 | -€17,665 | |
| Amounts payable | 17/49 | €76,675 | €45,532 | -€31,142 | -40.6% |
| Amounts payable after more than one year | 17 | €12,084 | €8,132 | -€3,952 | -32.7% |
| Financial debts | 170/4 | €12,084 | €8,132 | -€3,952 | -32.7% |
| Amounts payable within one year | 42/48 | €64,591 | €37,400 | -€27,191 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €3,764 | €3,952 | +€187 | +5.0% |
| Trade debts | 44 | €30,510 | €21,423 | -€9,088 | -29.8% |
| Suppliers | 440/4 | €30,510 | €21,423 | -€9,088 | -29.8% |
| Taxes, remuneration and social security | 45 | €9,543 | €3,552 | -€5,992 | -62.8% |
| Taxes | 450/3 | €9,543 | €3,552 | -€5,992 | -62.8% |
| Other amounts payable | 47/48 | €20,773 | €8,474 | -€12,299 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,946 | €39,386 | -€24,560 | -38.4% |
| Other operating charges | 640/8 | €218 | €104 | -€114 | -52.2% |
| Gross operating margin | 9900 | €44,852 | €23,090 | -€21,762 | -48.5% |
| Operating profit (loss) | 9901 | -€19,312 | -€16,400 | +€2,912 | +15.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +348% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +348% |
| Financial charges | 65/66B | €822 | €1,266 | +€443 | +53.9% |
| Recurring financial charges | 65 | €822 | €1,266 | +€443 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,134 | -€17,665 | +€2,469 | +12.3% |
| Profit (loss) for the period | 9904 | -€20,134 | -€17,665 | +€2,469 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,134 | -€17,665 | +€2,469 | +12.3% |
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 13 October 2026 via checked.be.