MOONENDAEL: 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.
MOONENDAEL
Largest movements
- Tangible fixed assets +€129,117
up €129,117 (+192.6%), from €67,052 to €196,169
- Financial fixed assets -€26,900
down €26,900 (-56.5%), from €47,636 to €20,736
- Deferred charges and accrued income +€11,036
up €11,036 (+6.7%), from €165,729 to €176,765
- Formation expenses +€5,903
new in 2025: €5,903
- Debts after one year +€67,469
new in 2025: €67,469
- Other debts +€37,384
up €37,384 (+249.7%), from €14,972 to €52,356
- Profit (loss) carried forward +€7,735
up €7,735, from -€2,546 to €5,189
- Current portion of long-term debt +€7,555
new in 2025: €7,555
- Trade debts +€6,865
up €6,865 (+538.4%), from €1,275 to €8,140
- Gross operating margin +€6,850
up €6,850 (+47.4%), from €14,458 to €21,308
- Depreciation -€3,980
down €3,980 (-19.9%), from €20,034 to €16,054
- Taxes +€2,562
up €2,562 (+1008.7%), from €254 to €2,816
- Financial charges +€1,293
up €1,293 (+2142.5%), from €60 to €1,353
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 | €280,855 | €399,990 | +€119,135 | +42.4% |
| Formation expenses | 20 | - | €5,903 | +€5,903 | |
| Fixed assets | 21/28 | €114,688 | €216,905 | +€102,217 | +89.1% |
| Tangible fixed assets | 22/27 | €67,052 | €196,169 | +€129,117 | +192.6% |
| Land and buildings | 22 | €67,052 | €196,169 | +€129,117 | +192.6% |
| Financial fixed assets | 28 | €47,636 | €20,736 | -€26,900 | -56.5% |
| Current assets | 29/58 | €166,168 | €177,182 | +€11,014 | +6.6% |
| Amounts receivable within one year | 40/41 | €305 | €305 | = | 0.0% |
| Other amounts receivable | 41 | €305 | €305 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €133 | €112 | -€21 | -16.0% |
| Deferred charges and accrued income | 490/1 | €165,729 | €176,765 | +€11,036 | +6.7% |
| Total equity and liabilities | 10/49 | €280,855 | €399,990 | +€119,135 | +42.4% |
| Equity | 10/15 | €256,784 | €258,088 | +€1,304 | +0.5% |
| Contributions | 10/11 | €246,406 | €246,406 | = | 0.0% |
| Capital | 10 | €246,406 | €246,406 | = | 0.0% |
| Issued capital | 100 | €246,406 | €246,406 | = | 0.0% |
| Reserves | 13 | €12,924 | €6,493 | -€6,431 | -49.8% |
| Non-distributable reserves | 130/1 | €62 | €62 | = | 0.0% |
| Legal reserve | 130 | €62 | €62 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,862 | €6,431 | -€6,431 | -50.0% |
| Profit (loss) carried forward | 14 | -€2,546 | €5,189 | +€7,735 | |
| Provisions and deferred taxes | 16 | €6,626 | €3,313 | -€3,313 | -50.0% |
| Deferred taxes | 168 | €6,626 | €3,313 | -€3,313 | -50.0% |
| Amounts payable | 17/49 | €17,445 | €138,589 | +€121,144 | +694.4% |
| Amounts payable after more than one year | 17 | - | €67,469 | +€67,469 | |
| Financial debts | 170/4 | - | €67,469 | +€67,469 | |
| Amounts payable within one year | 42/48 | €17,445 | €71,120 | +€53,675 | +307.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,555 | +€7,555 | |
| Trade debts | 44 | €1,275 | €8,140 | +€6,865 | +538.4% |
| Suppliers | 440/4 | €1,275 | €8,140 | +€6,865 | +538.4% |
| Taxes, remuneration and social security | 45 | €1,198 | €3,070 | +€1,872 | +156.2% |
| Taxes | 450/3 | €1,198 | €3,070 | +€1,872 | +156.2% |
| Other amounts payable | 47/48 | €14,972 | €52,356 | +€37,384 | +249.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,034 | €16,054 | -€3,980 | -19.9% |
| Other operating charges | 640/8 | €3,177 | €3,095 | -€81 | -2.6% |
| Gross operating margin | 9900 | €14,458 | €21,308 | +€6,850 | +47.4% |
| Operating profit (loss) | 9901 | -€8,752 | €2,159 | +€10,911 | |
| Financial charges | 65/66B | €60 | €1,353 | +€1,293 | +2142.5% |
| Recurring financial charges | 65 | €60 | €1,353 | +€1,293 | +2142.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,812 | €806 | +€9,619 | |
| Transfer from deferred taxes | 780 | €9,744 | €9,744 | = | 0.0% |
| Income taxes | 67/77 | €254 | €2,816 | +€2,562 | +1008.7% |
| Profit (loss) for the period | 9904 | €678 | €7,735 | +€7,057 | +1040.8% |
| Profit (loss) for the period to be appropriated | 9905 | €678 | €7,735 | +€7,057 | +1040.8% |
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 4 October 2026 via checked.be.