MoonRay IT: 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.
MoonRay IT
Largest movements
- Financial fixed assets +€266,667
up €266,667 (+8,602%), from €3,100 to €269,767
- Tangible fixed assets -€8,446
down €8,446 (-16.5%), from €51,267 to €42,821
of which Land and buildings: -€6,228
- Debts after one year +€114,696
up €114,696 (+803%), from €14,288 to €128,984
- Profit (loss) carried forward +€84,640
up €84,640 (+361%), from €23,469 to €108,110
- Short-term financial debts +€39,381
new in 2025: €39,381
- Current portion of long-term debt +€13,058
up €13,058 (+63.2%), from €20,656 to €33,713
- Other debts +€10,471
up €10,471 (+29.7%), from €35,294 to €45,765
- Financial income +€87,114
new in 2025: €87,114
- Gross operating margin -€21,173
down €21,173 (-27.4%), from €77,328 to €56,155
- Taxes -€2,657
down €2,657 (-19.4%), from €13,712 to €11,055
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 | €130,257 | €387,890 | +€257,633 | +198% |
| Fixed assets | 21/28 | €54,367 | €312,587 | +€258,220 | +475% |
| Tangible fixed assets | 22/27 | €51,267 | €42,821 | -€8,446 | -16.5% |
| Land and buildings | 22 | €45,015 | €38,787 | -€6,228 | -13.8% |
| Plant, machinery and equipment | 23 | €1,265 | €568 | -€696 | -55.0% |
| Furniture and vehicles | 24 | €4,988 | €3,465 | -€1,522 | -30.5% |
| Financial fixed assets | 28 | €3,100 | €269,767 | +€266,667 | +8,602% |
| Current assets | 29/58 | €75,890 | €75,303 | -€587 | -0.8% |
| Amounts receivable within one year | 40/41 | €36,367 | €38,946 | +€2,579 | +7.1% |
| Trade receivables | 40 | €32,670 | €36,300 | +€3,630 | +11.1% |
| Other amounts receivable | 41 | €3,697 | €2,646 | -€1,051 | -28.4% |
| Cash at bank and in hand | 54/58 | €36,882 | €34,698 | -€2,184 | -5.9% |
| Deferred charges and accrued income | 490/1 | €2,641 | €1,660 | -€981 | -37.2% |
| Total equity and liabilities | 10/49 | €130,257 | €387,890 | +€257,633 | +198% |
| Equity | 10/15 | €42,353 | €126,994 | +€84,640 | +200% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284 | €284 | = | 0.0% |
| Distributable reserves | 133 | €284 | €284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,469 | €108,110 | +€84,640 | +361% |
| Amounts payable | 17/49 | €87,904 | €260,897 | +€172,993 | +197% |
| Amounts payable after more than one year | 17 | €14,288 | €128,984 | +€114,696 | +803% |
| Financial debts | 170/4 | €14,288 | €128,984 | +€114,696 | +803% |
| Amounts payable within one year | 42/48 | €73,616 | €131,913 | +€58,297 | +79.2% |
| Current portion of amounts payable after more than one year | 42 | €20,656 | €33,713 | +€13,058 | +63.2% |
| Financial debts | 43 | - | €39,381 | +€39,381 | |
| Credit institutions | 430/8 | - | €39,381 | +€39,381 | |
| Trade debts | 44 | €2,706 | €2,348 | -€358 | -13.2% |
| Suppliers | 440/4 | €2,706 | €2,348 | -€358 | -13.2% |
| Taxes, remuneration and social security | 45 | €14,960 | €10,705 | -€4,255 | -28.4% |
| Taxes | 450/3 | €14,960 | €10,705 | -€4,255 | -28.4% |
| Other amounts payable | 47/48 | €35,294 | €45,765 | +€10,471 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,501 | €9,350 | -€151 | -1.6% |
| Other operating charges | 640/8 | €126 | €153 | +€27 | +21.6% |
| Gross operating margin | 9900 | €77,328 | €56,155 | -€21,173 | -27.4% |
| Operating profit (loss) | 9901 | €67,702 | €46,652 | -€21,050 | -31.1% |
| Financial income | 75/76B | - | €87,114 | +€87,114 | |
| Recurring financial income | 75 | - | €87,114 | +€87,114 | |
| Financial charges | 65/66B | €7,486 | €8,071 | +€585 | +7.8% |
| Recurring financial charges | 65 | €7,486 | €8,071 | +€585 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €60,216 | €125,695 | +€65,479 | +109% |
| Income taxes | 67/77 | €13,712 | €11,055 | -€2,657 | -19.4% |
| Profit (loss) for the period | 9904 | €46,504 | €114,640 | +€68,137 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €46,504 | €114,640 | +€68,137 | +147% |
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.