MOONFISH: 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.
MOONFISH
Largest movements
- Cash +€65,488
up €65,488 (+179.5%), from €36,474 to €101,962
mainly Contributions, distributions and other (+€215,000) and Trade debts (+€63,237)
- Stocks and contracts -€6,899
down €6,899 (-23.8%), from €28,943 to €22,044
- Deferred charges and accrued income +€2,989
up €2,989 (+151.0%), from €1,980 to €4,969
- Contributions +€215,000
up €215,000 (+614.3%), from €35,000 to €250,000
- Profit (loss) carried forward -€118,098
down €118,098 (-28.1%), from -€419,956 to -€538,054
- Other debts -€97,816
down €97,816 (-21.1%), from €463,805 to €365,989
- Trade debts +€63,237
up €63,237 (+83.1%), from €76,115 to €139,352
- Gross operating margin +€94,574
up €94,574 (+48.3%), from -€195,616 to -€101,042
- Staff costs -€17,932
down €17,932, from €17,754 to -€178
- Financial charges +€11,752
up €11,752 (+381.9%), from €3,078 to €14,830
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 | €155,122 | €217,331 | +€62,209 | +40.1% |
| Fixed assets | 21/28 | €12,591 | €13,929 | +€1,339 | +10.6% |
| Intangible fixed assets | 21 | - | €1,872 | +€1,872 | |
| Tangible fixed assets | 22/27 | €12,591 | €12,057 | -€534 | -4.2% |
| Furniture and vehicles | 24 | €550 | €1,346 | +€796 | +144.8% |
| Other tangible fixed assets | 26 | €12,041 | €10,711 | -€1,330 | -11.0% |
| Current assets | 29/58 | €142,532 | €203,402 | +€60,870 | +42.7% |
| Stocks and contracts in progress | 3 | €28,943 | €22,044 | -€6,899 | -23.8% |
| Stocks | 30/36 | €28,943 | €22,044 | -€6,899 | -23.8% |
| Amounts receivable within one year | 40/41 | €75,134 | €74,426 | -€708 | -0.9% |
| Trade receivables | 40 | €60,473 | €55,196 | -€5,277 | -8.7% |
| Other amounts receivable | 41 | €14,661 | €19,230 | +€4,569 | +31.2% |
| Cash at bank and in hand | 54/58 | €36,474 | €101,962 | +€65,488 | +179.5% |
| Deferred charges and accrued income | 490/1 | €1,980 | €4,969 | +€2,989 | +151.0% |
| Total equity and liabilities | 10/49 | €155,122 | €217,331 | +€62,209 | +40.1% |
| Equity | 10/15 | -€384,956 | -€288,054 | +€96,902 | +25.2% |
| Contributions | 10/11 | €35,000 | €250,000 | +€215,000 | +614.3% |
| Profit (loss) carried forward | 14 | -€419,956 | -€538,054 | -€118,098 | -28.1% |
| Amounts payable | 17/49 | €540,078 | €505,385 | -€34,694 | -6.4% |
| Amounts payable within one year | 42/48 | €540,078 | €505,385 | -€34,694 | -6.4% |
| Trade debts | 44 | €76,115 | €139,352 | +€63,237 | +83.1% |
| Suppliers | 440/4 | €76,115 | €139,352 | +€63,237 | +83.1% |
| Taxes, remuneration and social security | 45 | €159 | €44 | -€114 | -72.1% |
| Taxes | 450/3 | €159 | €44 | -€114 | -72.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €463,805 | €365,989 | -€97,816 | -21.1% |
| Remuneration, social security and pensions | 62 | €17,754 | -€178 | -€17,932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,545 | €1,942 | +€397 | +25.7% |
| Other operating charges | 640/8 | €449 | €478 | +€28 | +6.3% |
| Gross operating margin | 9900 | -€195,616 | -€101,042 | +€94,574 | +48.3% |
| Operating profit (loss) | 9901 | -€215,365 | -€103,284 | +€112,081 | +52.0% |
| Financial income | 75/76B | €1,317 | €15 | -€1,302 | -98.8% |
| Recurring financial income | 75 | €1,317 | €15 | -€1,302 | -98.8% |
| Financial charges | 65/66B | €3,078 | €14,830 | +€11,752 | +381.9% |
| Recurring financial charges | 65 | €3,078 | €14,830 | +€11,752 | +381.9% |
| Profit (loss) for the period before taxes | 9903 | -€217,125 | -€118,098 | +€99,027 | +45.6% |
| Income taxes | 67/77 | €44 | €0 | -€44 | -100.0% |
| Profit (loss) for the period | 9904 | -€217,169 | -€118,098 | +€99,071 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€217,169 | -€118,098 | +€99,071 | +45.6% |
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 6 October 2026 via checked.be.