Moonlight Maze: 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.
Moonlight Maze
Largest movements
- Receivables within one year -€16,115
down €16,115 (-54.7%), from €29,477 to €13,362
of which Trade receivables: -€8,985
- Cash +€13,462
up €13,462 (+61.2%), from €22,010 to €35,472
mainly Other debts (+€26,493) and Receivables within one year (+€16,115)
- Tangible fixed assets -€8,471
down €8,471 (-19.8%), from €42,710 to €34,239
of which Furniture and vehicles: -€6,041
- Deferred charges and accrued income -€1,100
down €1,100 (-64.4%), from €1,707 to €607
- Reserves -€37,470
down €37,470 (-47.5%), from €78,963 to €41,493
of which Distributable reserves: -€37,470
- Other debts +€26,493
up €26,493 (+104.0%), from €25,465 to €51,958
- Profit (loss) carried forward +€15,490
up €15,490 (+53.0%), from -€29,247 to -€13,757
- Trade debts -€9,084
down €9,084 (-84.6%), from €10,739 to €1,654
- Tax, wage and social debts -€7,653
down €7,653 (-78.1%), from €9,800 to €2,146
- Gross operating margin +€41,816
up €41,816, from -€11,945 to €29,871
- Depreciation -€6,756
down €6,756 (-41.6%), from €16,235 to €9,480
- Financial charges +€2,544
up €2,544 (+1358.6%), from €187 to €2,731
- Other operating charges +€1,162
up €1,162 (+158.1%), from €735 to €1,897
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 | €95,905 | €83,680 | -€12,225 | -12.7% |
| Fixed assets | 21/28 | €42,710 | €34,239 | -€8,471 | -19.8% |
| Tangible fixed assets | 22/27 | €42,710 | €34,239 | -€8,471 | -19.8% |
| Land and buildings | 22 | €5,901 | €5,544 | -€358 | -6.1% |
| Plant, machinery and equipment | 23 | €11,476 | €9,404 | -€2,072 | -18.1% |
| Furniture and vehicles | 24 | €25,332 | €19,291 | -€6,041 | -23.8% |
| Current assets | 29/58 | €53,195 | €49,441 | -€3,753 | -7.1% |
| Amounts receivable within one year | 40/41 | €29,477 | €13,362 | -€16,115 | -54.7% |
| Trade receivables | 40 | €9,541 | €557 | -€8,985 | -94.2% |
| Other amounts receivable | 41 | €19,936 | €12,805 | -€7,131 | -35.8% |
| Cash at bank and in hand | 54/58 | €22,010 | €35,472 | +€13,462 | +61.2% |
| Deferred charges and accrued income | 490/1 | €1,707 | €607 | -€1,100 | -64.4% |
| Total equity and liabilities | 10/49 | €95,905 | €83,680 | -€12,225 | -12.7% |
| Equity | 10/15 | €49,902 | €27,922 | -€21,980 | -44.0% |
| Contributions | 10/11 | €186 | €186 | = | 0.0% |
| Reserves | 13 | €78,963 | €41,493 | -€37,470 | -47.5% |
| Non-distributable reserves | 130/1 | €12,148 | €12,148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,148 | €12,148 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,858 | €2,858 | = | 0.0% |
| Distributable reserves | 133 | €63,956 | €26,486 | -€37,470 | -58.6% |
| Profit (loss) carried forward | 14 | -€29,247 | -€13,757 | +€15,490 | +53.0% |
| Amounts payable | 17/49 | €46,003 | €55,758 | +€9,755 | +21.2% |
| Amounts payable within one year | 42/48 | €46,003 | €55,758 | +€9,755 | +21.2% |
| Trade debts | 44 | €10,739 | €1,654 | -€9,084 | -84.6% |
| Suppliers | 440/4 | €10,739 | €1,654 | -€9,084 | -84.6% |
| Taxes, remuneration and social security | 45 | €9,800 | €2,146 | -€7,653 | -78.1% |
| Taxes | 450/3 | €9,800 | €2,146 | -€7,653 | -78.1% |
| Other amounts payable | 47/48 | €25,465 | €51,958 | +€26,493 | +104.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,235 | €9,480 | -€6,756 | -41.6% |
| Other operating charges | 640/8 | €735 | €1,897 | +€1,162 | +158.1% |
| Gross operating margin | 9900 | -€11,945 | €29,871 | +€41,816 | |
| Operating profit (loss) | 9901 | -€28,915 | €18,495 | +€47,410 | |
| Financial income | 75/76B | €66 | - | -€66 | |
| Recurring financial income | 75 | €66 | - | -€66 | |
| Financial charges | 65/66B | €187 | €2,731 | +€2,544 | +1358.6% |
| Recurring financial charges | 65 | €187 | €2,731 | +€2,544 | +1358.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,037 | €15,763 | +€44,800 | |
| Income taxes | 67/77 | €210 | €273 | +€63 | +29.9% |
| Profit (loss) for the period | 9904 | -€29,247 | €15,490 | +€44,737 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,247 | €15,490 | +€44,737 |
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.