MOONRACKER: 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.
MOONRACKER
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+13062.4%), from €9,380 to €1.2m
of which Other amounts receivable: +€1.2m
- Cash -€909,057
down €909,057 (-96.7%), from €940,276 to €31,218
- Current investments +€162,312
up €162,312, from €0 to €162,312
- Tangible fixed assets -€95,073
down €95,073 (-27.7%), from €343,135 to €248,061
of which Other tangible fixed assets: -€96,399
- Reserves +€823,250
up €823,250 (+109.6%), from €751,300 to €1.6m
- Current portion of long-term debt -€203,082
down €203,082 (-81.1%), from €250,416 to €47,334
- Tax, wage and social debts -€99,768
down €99,768 (-78.0%), from €127,918 to €28,150
- Debts after one year -€94,117
down €94,117 (-100.0%), from €94,117 to €0
- Other debts -€35,815
down €35,815 (-100.0%), from €35,815 to €0
- Gross operating margin +€94,178
up €94,178 (+9.5%), from €993,373 to €1.1m
- Depreciation +€47,777
up €47,777 (+95.0%), from €50,295 to €98,072
- Financial income +€33,970
up €33,970 (+36.6%), from €92,778 to €126,748
- Financial charges -€21,057
down €21,057 (-62.2%), from €33,843 to €12,786
- Taxes +€16,571
up €16,571 (+6.3%), from €261,580 to €278,151
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,292,791 | €1,680,476 | +€387,685 | +30.0% |
| Fixed assets | 21/28 | €343,135 | €248,461 | -€94,673 | -27.6% |
| Tangible fixed assets | 22/27 | €343,135 | €248,061 | -€95,073 | -27.7% |
| Furniture and vehicles | 24 | - | €1,326 | +€1,326 | |
| Other tangible fixed assets | 26 | €343,135 | €246,735 | -€96,399 | -28.1% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €949,656 | €1,432,014 | +€482,358 | +50.8% |
| Amounts receivable within one year | 40/41 | €9,380 | €1,234,695 | +€1.2m | +13062.4% |
| Trade receivables | 40 | €8,970 | €0 | -€8,970 | -100.0% |
| Other amounts receivable | 41 | €411 | €1,234,695 | +€1.2m | +300495.2% |
| Current investments | 50/53 | €0 | €162,312 | +€162,312 | |
| Cash at bank and in hand | 54/58 | €940,276 | €31,218 | -€909,057 | -96.7% |
| Deferred charges and accrued income | 490/1 | - | €3,789 | +€3,789 | |
| Total equity and liabilities | 10/49 | €1,292,791 | €1,680,476 | +€387,685 | +30.0% |
| Equity | 10/15 | €765,671 | €1,588,971 | +€823,299 | +107.5% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €751,300 | €1,574,550 | +€823,250 | +109.6% |
| Distributable reserves | 133 | €751,300 | €1,574,550 | +€823,250 | +109.6% |
| Profit (loss) carried forward | 14 | €1,371 | €1,421 | +€49 | +3.6% |
| Amounts payable | 17/49 | €527,119 | €91,505 | -€435,614 | -82.6% |
| Amounts payable after more than one year | 17 | €94,117 | €0 | -€94,117 | -100.0% |
| Financial debts | 170/4 | €94,117 | €0 | -€94,117 | -100.0% |
| Amounts payable within one year | 42/48 | €433,003 | €91,505 | -€341,498 | -78.9% |
| Current portion of amounts payable after more than one year | 42 | €250,416 | €47,334 | -€203,082 | -81.1% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €18,854 | €16,022 | -€2,832 | -15.0% |
| Suppliers | 440/4 | €18,854 | €16,022 | -€2,832 | -15.0% |
| Taxes, remuneration and social security | 45 | €127,918 | €28,150 | -€99,768 | -78.0% |
| Taxes | 450/3 | €127,918 | €28,150 | -€99,768 | -78.0% |
| Other amounts payable | 47/48 | €35,815 | €0 | -€35,815 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,295 | €98,072 | +€47,777 | +95.0% |
| Other operating charges | 640/8 | €960 | €1,991 | +€1,030 | +107.3% |
| Gross operating margin | 9900 | €993,373 | €1,087,551 | +€94,178 | +9.5% |
| Operating profit (loss) | 9901 | €942,118 | €987,488 | +€45,371 | +4.8% |
| Financial income | 75/76B | €92,778 | €126,748 | +€33,970 | +36.6% |
| Recurring financial income | 75 | €92,778 | €126,748 | +€33,970 | +36.6% |
| Financial charges | 65/66B | €33,843 | €12,786 | -€21,057 | -62.2% |
| Recurring financial charges | 65 | €33,843 | €12,786 | -€21,057 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €1,001,053 | €1,101,450 | +€100,397 | +10.0% |
| Income taxes | 67/77 | €261,580 | €278,151 | +€16,571 | +6.3% |
| Profit (loss) for the period | 9904 | €739,474 | €823,299 | +€83,826 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €739,474 | €823,299 | +€83,826 | +11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.