MOONS NADINE: 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.
MOONS NADINE
Largest movements
- Cash -€23,713
down €23,713 (-19.6%), from €121,160 to €97,447
mainly Net result for the year (-€35,689) and Trade debts (-€12,224)
- Tangible fixed assets -€14,045
down €14,045 (-9.8%), from €143,406 to €129,361
of which Land and buildings: -€9,191
- Receivables within one year -€10,516
down €10,516 (-27.5%), from €38,307 to €27,791
of which Trade receivables: -€11,966
- Reserves -€35,689
down €35,689 (-10.8%), from €330,827 to €295,138
- Trade debts -€12,224
down €12,224 (-88.5%), from €13,807 to €1,583
- Other debts +€5,592
up €5,592 (+85.1%), from €6,569 to €12,160
- Gross operating margin -€47,964
down €47,964 (-54.9%), from €87,351 to €39,387
- Depreciation -€3,745
down €3,745 (-19.9%), from €18,836 to €15,091
- Financial income +€1,788
up €1,788 (+31.5%), from €5,686 to €7,475
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 | €397,135 | €351,563 | -€45,572 | -11.5% |
| Fixed assets | 21/28 | €143,406 | €129,361 | -€14,045 | -9.8% |
| Tangible fixed assets | 22/27 | €143,406 | €129,361 | -€14,045 | -9.8% |
| Land and buildings | 22 | €118,423 | €109,231 | -€9,191 | -7.8% |
| Plant, machinery and equipment | 23 | €24,803 | €20,130 | -€4,673 | -18.8% |
| Furniture and vehicles | 24 | €181 | €0 | -€181 | -100% |
| Current assets | 29/58 | €253,729 | €222,202 | -€31,527 | -12.4% |
| Stocks and contracts in progress | 3 | €92,953 | €95,946 | +€2,994 | +3.2% |
| Stocks | 30/36 | €92,953 | €95,946 | +€2,994 | +3.2% |
| Amounts receivable within one year | 40/41 | €38,307 | €27,791 | -€10,516 | -27.5% |
| Trade receivables | 40 | €13,342 | €1,377 | -€11,966 | -89.7% |
| Other amounts receivable | 41 | €24,965 | €26,415 | +€1,450 | +5.8% |
| Cash at bank and in hand | 54/58 | €121,160 | €97,447 | -€23,713 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,309 | €1,018 | -€292 | -22.3% |
| Total equity and liabilities | 10/49 | €397,135 | €351,563 | -€45,572 | -11.5% |
| Equity | 10/15 | €355,616 | €319,928 | -€35,689 | -10.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €330,827 | €295,138 | -€35,689 | -10.8% |
| Distributable reserves | 133 | €330,827 | €295,138 | -€35,689 | -10.8% |
| Amounts payable | 17/49 | €41,519 | €31,635 | -€9,883 | -23.8% |
| Amounts payable within one year | 42/48 | €40,180 | €31,635 | -€8,545 | -21.3% |
| Trade debts | 44 | €13,807 | €1,583 | -€12,224 | -88.5% |
| Suppliers | 440/4 | €13,807 | €1,583 | -€12,224 | -88.5% |
| Taxes, remuneration and social security | 45 | €19,804 | €17,892 | -€1,912 | -9.7% |
| Taxes | 450/3 | €5,265 | €5,975 | +€710 | +13.5% |
| Remuneration and social security | 454/9 | €14,540 | €11,918 | -€2,622 | -18.0% |
| Other amounts payable | 47/48 | €6,569 | €12,160 | +€5,592 | +85.1% |
| Accrued charges and deferred income | 492/3 | €1,339 | €0 | -€1,339 | -100% |
| Remuneration, social security and pensions | 62 | €61,184 | €61,853 | +€668 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,836 | €15,091 | -€3,745 | -19.9% |
| Other operating charges | 640/8 | €3,986 | €3,950 | -€36 | -0.9% |
| Gross operating margin | 9900 | €87,351 | €39,387 | -€47,964 | -54.9% |
| Operating profit (loss) | 9901 | €3,344 | -€41,507 | -€44,852 | |
| Financial income | 75/76B | €5,686 | €7,475 | +€1,788 | +31.5% |
| Recurring financial income | 75 | €5,686 | €7,475 | +€1,788 | +31.5% |
| Financial charges | 65/66B | €1,507 | €1,349 | -€158 | -10.5% |
| Recurring financial charges | 65 | €1,507 | €1,349 | -€158 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €7,524 | -€35,381 | -€42,905 | |
| Income taxes | 67/77 | €276 | €307 | +€31 | +11.1% |
| Profit (loss) for the period | 9904 | €7,247 | -€35,689 | -€42,936 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,247 | -€35,689 | -€42,936 |
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 21 October 2026 via checked.be.