MoonHart Consult: 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.
MoonHart Consult
Largest movements
- Current investments +€651,817
up €651,817 (+19.5%), from €3.3m to €4.0m
- Cash -€197,437
down €197,437 (-19.9%), from €990,756 to €793,319
mainly Current investments (-€651,817) and Contributions, distributions and other (-€150,833)
- Reserves +€580,000
up €580,000 (+21.4%), from €2.7m to €3.3m
of which Non-distributable reserves: +€580,000
- Tax, wage and social debts -€110,448
down €110,448 (-92.1%), from €119,961 to €9,512
- Other debts -€56,917
down €56,917 (-28.5%), from €200,000 to €143,083
- Gross operating margin -€115,841
down €115,841 (-10.3%), from €1.1m to €1.0m
- Financial income -€106,550
down €106,550 (-47.3%), from €225,447 to €118,897
of which Financial income: -€80,663
- Taxes -€92,488
down €92,488 (-24.2%), from €382,492 to €290,004
- Write-downs +€45,229
new in 2025: €45,229
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 | €4,484,008 | €4,940,449 | +€456,441 | +10.2% |
| Fixed assets | 21/28 | €137,945 | €127,179 | -€10,766 | -7.8% |
| Tangible fixed assets | 22/27 | €137,945 | €127,179 | -€10,766 | -7.8% |
| Land and buildings | 22 | €125,011 | €116,082 | -€8,929 | -7.1% |
| Plant, machinery and equipment | 23 | €8,973 | €8,679 | -€294 | -3.3% |
| Furniture and vehicles | 24 | €3,961 | €2,418 | -€1,543 | -39.0% |
| Current assets | 29/58 | €4,346,063 | €4,813,269 | +€467,207 | +10.8% |
| Amounts receivable within one year | 40/41 | €10,124 | €18,471 | +€8,347 | +82.4% |
| Other amounts receivable | 41 | €10,124 | €18,471 | +€8,347 | +82.4% |
| Current investments | 50/53 | €3,344,961 | €3,996,777 | +€651,817 | +19.5% |
| Cash at bank and in hand | 54/58 | €990,756 | €793,319 | -€197,437 | -19.9% |
| Deferred charges and accrued income | 490/1 | €222 | €4,702 | +€4,481 | +2,019% |
| Total equity and liabilities | 10/49 | €4,484,008 | €4,940,449 | +€456,441 | +10.2% |
| Equity | 10/15 | €4,152,589 | €4,778,379 | +€625,790 | +15.1% |
| Reserves | 13 | €2,709,828 | €3,289,828 | +€580,000 | +21.4% |
| Non-distributable reserves | 130/1 | €2,630,000 | €3,210,000 | +€580,000 | +22.1% |
| Own shares acquired | 1312 | €2,630,000 | €3,210,000 | +€580,000 | +22.1% |
| Tax-exempt reserves | 132 | €77,968 | €77,968 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,442,761 | €1,488,551 | +€45,790 | +3.2% |
| Amounts payable | 17/49 | €331,419 | €162,069 | -€169,350 | -51.1% |
| Amounts payable after more than one year | 17 | €8,744 | €2,695 | -€6,049 | -69.2% |
| Other amounts payable | 178/9 | €8,744 | €2,695 | -€6,049 | -69.2% |
| Amounts payable within one year | 42/48 | €322,675 | €159,375 | -€163,301 | -50.6% |
| Trade debts | 44 | €2,715 | €6,779 | +€4,064 | +150% |
| Suppliers | 440/4 | €2,715 | €6,779 | +€4,064 | +150% |
| Taxes, remuneration and social security | 45 | €119,961 | €9,512 | -€110,448 | -92.1% |
| Taxes | 450/3 | €119,961 | €9,512 | -€110,448 | -92.1% |
| Other amounts payable | 47/48 | €200,000 | €143,083 | -€56,917 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,418 | €12,180 | -€2,237 | -15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,229 | +€45,229 | |
| Other operating charges | 640/8 | €3,143 | €3,286 | +€143 | +4.6% |
| Gross operating margin | 9900 | €1,128,977 | €1,013,136 | -€115,841 | -10.3% |
| Operating profit (loss) | 9901 | €1,111,416 | €952,440 | -€158,977 | -14.3% |
| Financial income | 75/76B | €225,447 | €118,897 | -€106,550 | -47.3% |
| Recurring financial income | 75 | €199,560 | €118,897 | -€80,663 | -40.4% |
| Non-recurring financial income | 76B | €25,887 | - | -€25,887 | |
| Financial charges | 65/66B | €2,217 | €4,710 | +€2,492 | +112% |
| Recurring financial charges | 65 | €2,217 | €4,710 | +€2,492 | +112% |
| Profit (loss) for the period before taxes | 9903 | €1,334,646 | €1,066,627 | -€268,019 | -20.1% |
| Income taxes | 67/77 | €382,492 | €290,004 | -€92,488 | -24.2% |
| Profit (loss) for the period | 9904 | €952,154 | €776,623 | -€175,531 | -18.4% |
| Transfer from tax-exempt reserves | 789 | €200,000 | - | -€200,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,152,154 | €776,623 | -€375,531 | -32.6% |
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 25 October 2026 via checked.be.