MOONBIRD: 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.
MOONBIRD
Largest movements
- Cash -€388,571
down €388,571 (-88.6%), from €438,732 to €50,161
mainly Trade debts (-€241,353) and Net result for the year (-€225,702)
- Receivables within one year -€116,835
down €116,835 (-24.9%), from €468,970 to €352,135
of which Trade receivables: -€131,235
- Stocks and contracts -€95,112
down €95,112 (-10.7%), from €890,752 to €795,641
- Intangible fixed assets +€25,380
up €25,380 (+10.0%), from €254,435 to €279,815
- Trade debts -€241,353
down €241,353 (-44.7%), from €540,242 to €298,889
- Profit (loss) carried forward -€225,702
down €225,702 (-8.9%), from -€2.5m to -€2.8m
- Current portion of long-term debt -€79,910
down €79,910 (-59.2%), from €135,086 to €55,176
- Short-term financial debts -€42,663
down €42,663 (-6.6%), from €650,997 to €608,334
- Debts after one year -€30,176
down €30,176 (-6.5%), from €467,261 to €437,085
- Depreciation -€102,172
down €102,172 (-34.3%), from €297,839 to €195,667
- Financial income -€56,484
down €56,484 (-72.5%), from €77,910 to €21,426
- Staff costs +€44,251
up €44,251 (+14.2%), from €311,165 to €355,416
- Gross operating margin +€16,906
up €16,906 (+4.1%), from €411,196 to €428,102
- Other operating charges -€10,536
down €10,536 (-30.5%), from €34,492 to €23,956
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 | €2,102,120 | €1,509,163 | -€592,957 | -28.2% |
| Fixed assets | 21/28 | €280,642 | €296,997 | +€16,355 | +5.8% |
| Intangible fixed assets | 21 | €254,435 | €279,815 | +€25,380 | +10.0% |
| Tangible fixed assets | 22/27 | €26,207 | €17,182 | -€9,025 | -34.4% |
| Plant, machinery and equipment | 23 | €24,476 | €15,943 | -€8,532 | -34.9% |
| Other tangible fixed assets | 26 | €1,731 | €1,239 | -€493 | -28.5% |
| Current assets | 29/58 | €1,821,479 | €1,212,166 | -€609,313 | -33.5% |
| Stocks and contracts in progress | 3 | €890,752 | €795,641 | -€95,112 | -10.7% |
| Stocks | 30/36 | €890,752 | €795,641 | -€95,112 | -10.7% |
| Amounts receivable within one year | 40/41 | €468,970 | €352,135 | -€116,835 | -24.9% |
| Trade receivables | 40 | €432,779 | €301,544 | -€131,235 | -30.3% |
| Other amounts receivable | 41 | €36,191 | €50,591 | +€14,400 | +39.8% |
| Cash at bank and in hand | 54/58 | €438,732 | €50,161 | -€388,571 | -88.6% |
| Deferred charges and accrued income | 490/1 | €23,023 | €14,229 | -€8,794 | -38.2% |
| Total equity and liabilities | 10/49 | €2,102,120 | €1,509,163 | -€592,957 | -28.2% |
| Equity | 10/15 | €232,611 | -€9,487 | -€242,099 | |
| Contributions | 10/11 | €2,741,692 | €2,741,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,536,626 | -€2,762,329 | -€225,702 | -8.9% |
| Investment grants | 15 | €27,546 | €11,149 | -€16,396 | -59.5% |
| Amounts payable | 17/49 | €1,869,509 | €1,518,650 | -€350,859 | -18.8% |
| Amounts payable after more than one year | 17 | €467,261 | €437,085 | -€30,176 | -6.5% |
| Financial debts | 170/4 | €467,261 | €437,085 | -€30,176 | -6.5% |
| Amounts payable within one year | 42/48 | €1,388,908 | €1,049,845 | -€339,063 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €135,086 | €55,176 | -€79,910 | -59.2% |
| Financial debts | 43 | €650,997 | €608,334 | -€42,663 | -6.6% |
| Credit institutions | 430/8 | €650,997 | €608,334 | -€42,663 | -6.6% |
| Trade debts | 44 | €540,242 | €298,889 | -€241,353 | -44.7% |
| Suppliers | 440/4 | €540,242 | €298,889 | -€241,353 | -44.7% |
| Taxes, remuneration and social security | 45 | €56,003 | €80,932 | +€24,929 | +44.5% |
| Taxes | 450/3 | €44,078 | €53,810 | +€9,732 | +22.1% |
| Remuneration and social security | 454/9 | €11,925 | €27,122 | +€15,197 | +127.4% |
| Other amounts payable | 47/48 | €6,579 | €6,514 | -€65 | -1.0% |
| Accrued charges and deferred income | 492/3 | €13,340 | €31,720 | +€18,380 | +137.8% |
| Remuneration, social security and pensions | 62 | €311,165 | €355,416 | +€44,251 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297,839 | €195,667 | -€102,172 | -34.3% |
| Other operating charges | 640/8 | €34,492 | €23,956 | -€10,536 | -30.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €411,196 | €428,102 | +€16,906 | +4.1% |
| Operating profit (loss) | 9901 | -€232,300 | -€146,938 | +€85,362 | +36.7% |
| Financial income | 75/76B | €77,910 | €21,426 | -€56,484 | -72.5% |
| Recurring financial income | 75 | €77,910 | €21,426 | -€56,484 | -72.5% |
| Financial charges | 65/66B | €110,825 | €113,821 | +€2,995 | +2.7% |
| Recurring financial charges | 65 | €110,825 | €113,821 | +€2,995 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€265,216 | -€239,333 | +€25,883 | +9.8% |
| Income taxes | 67/77 | -€9,485 | -€13,630 | -€4,145 | -43.7% |
| Profit (loss) for the period | 9904 | -€255,731 | -€225,702 | +€30,028 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€255,731 | -€225,702 | +€30,028 | +11.7% |
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 3 October 2026 via checked.be.