Moonens Freddy & Bart: 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.
Moonens Freddy & Bart
Largest movements
- Receivables within one year +€64,360
up €64,360 (+352%), from €18,275 to €82,635
of which Trade receivables: +€67,278
- Cash -€29,104
down €29,104 (-85.8%), from €33,939 to €4,835
mainly Receivables within one year (-€64,360) and Debts after one year (-€11,809)
- Tangible fixed assets -€15,113
down €15,113 (-8.0%), from €188,868 to €173,755
of which Land and buildings: -€15,488
- Reserves +€18,000
up €18,000 (+900%), from €2,000 to €20,000
of which Distributable reserves: +€18,000
- Debts after one year -€11,809
down €11,809 (-7.1%), from €166,413 to €154,604
- Trade debts +€9,292
up €9,292 (+86.8%), from €10,702 to €19,995
- Tax, wage and social debts +€9,025
up €9,025 (+188%), from €4,788 to €13,813
of which Taxes: +€7,290
- Other debts -€5,949
down €5,949 (-21.0%), from €28,334 to €22,385
- Gross operating margin +€22,894
up €22,894 (+22.4%), from €102,338 to €125,232
- Taxes +€6,557
up €6,557 (+895%), from €733 to €7,290
- Staff costs +€5,365
up €5,365 (+8.0%), from €66,769 to €72,134
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 | €259,906 | €278,910 | +€19,004 | +7.3% |
| Fixed assets | 21/28 | €188,868 | €173,755 | -€15,113 | -8.0% |
| Tangible fixed assets | 22/27 | €188,868 | €173,755 | -€15,113 | -8.0% |
| Land and buildings | 22 | €179,978 | €164,490 | -€15,488 | -8.6% |
| Plant, machinery and equipment | 23 | €8,889 | €9,265 | +€375 | +4.2% |
| Current assets | 29/58 | €71,038 | €105,155 | +€34,117 | +48.0% |
| Stocks and contracts in progress | 3 | €6,500 | €6,500 | = | 0.0% |
| Stocks | 30/36 | €6,500 | €6,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,275 | €82,635 | +€64,360 | +352% |
| Trade receivables | 40 | €12,704 | €79,981 | +€67,278 | +530% |
| Other amounts receivable | 41 | €5,571 | €2,654 | -€2,918 | -52.4% |
| Cash at bank and in hand | 54/58 | €33,939 | €4,835 | -€29,104 | -85.8% |
| Deferred charges and accrued income | 490/1 | €12,325 | €11,185 | -€1,139 | -9.2% |
| Total equity and liabilities | 10/49 | €259,906 | €278,910 | +€19,004 | +7.3% |
| Equity | 10/15 | €38,205 | €56,304 | +€18,099 | +47.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €20,000 | +€18,000 | +900% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €18,000 | +€18,000 | |
| Profit (loss) carried forward | 14 | €16,205 | €16,304 | +€99 | +0.6% |
| Amounts payable | 17/49 | €221,701 | €222,606 | +€905 | +0.4% |
| Amounts payable after more than one year | 17 | €166,413 | €154,604 | -€11,809 | -7.1% |
| Financial debts | 170/4 | €166,413 | €154,604 | -€11,809 | -7.1% |
| Amounts payable within one year | 42/48 | €55,288 | €68,002 | +€12,714 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €11,463 | €11,809 | +€346 | +3.0% |
| Trade debts | 44 | €10,702 | €19,995 | +€9,292 | +86.8% |
| Suppliers | 440/4 | €10,702 | €19,995 | +€9,292 | +86.8% |
| Taxes, remuneration and social security | 45 | €4,788 | €13,813 | +€9,025 | +188% |
| Taxes | 450/3 | €733 | €8,023 | +€7,290 | +995% |
| Remuneration and social security | 454/9 | €4,055 | €5,790 | +€1,735 | +42.8% |
| Other amounts payable | 47/48 | €28,334 | €22,385 | -€5,949 | -21.0% |
| Remuneration, social security and pensions | 62 | €66,769 | €72,134 | +€5,365 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,880 | €20,659 | -€221 | -1.1% |
| Other operating charges | 640/8 | €1,241 | €1,724 | +€483 | +38.9% |
| Non-recurring operating charges | 66A | €4,104 | €0 | -€4,104 | -100% |
| Gross operating margin | 9900 | €102,338 | €125,232 | +€22,894 | +22.4% |
| Operating profit (loss) | 9901 | €9,344 | €30,715 | +€21,371 | +229% |
| Financial income | 75/76B | €125 | €52 | -€74 | -58.8% |
| Recurring financial income | 75 | €125 | €52 | -€74 | -58.8% |
| Financial charges | 65/66B | €5,775 | €5,378 | -€397 | -6.9% |
| Recurring financial charges | 65 | €5,775 | €5,378 | -€397 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €3,695 | €25,389 | +€21,694 | +587% |
| Income taxes | 67/77 | €733 | €7,290 | +€6,557 | +895% |
| Profit (loss) for the period | 9904 | €2,962 | €18,099 | +€15,137 | +511% |
| Profit (loss) for the period to be appropriated | 9905 | €2,962 | €18,099 | +€15,137 | +511% |
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 15 October 2026 via checked.be.