MOONSART: 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.
MOONSART
Largest movements
- Tangible fixed assets +€63,073
up €63,073 (+27.3%), from €230,727 to €293,800
of which Plant, machinery and equipment: +€85,317
- Deferred charges and accrued income -€7,170
no longer reported in 2025 (was €7,170)
- Receivables within one year -€6,191
down €6,191 (-21.1%), from €29,386 to €23,194
of which Trade receivables: -€7,635
- Trade debts +€18,094
up €18,094 (+9854.0%), from €184 to €18,278
- Debts after one year +€15,121
up €15,121 (+9.2%), from €165,023 to €180,143
- Current portion of long-term debt +€10,627
up €10,627 (+39.0%), from €27,262 to €37,889
- Reserves +€9,591
up €9,591 (+38.8%), from €24,692 to €34,283
- Tax, wage and social debts -€7,774
down €7,774 (-46.5%), from €16,709 to €8,935
of which Remuneration and social security: -€4,761
- Depreciation +€13,902
up €13,902 (+75.7%), from €18,377 to €32,280
- Staff costs -€6,365
down €6,365 (-14.6%), from €43,610 to €37,245
- Gross operating margin +€4,188
up €4,188 (+4.9%), from €85,079 to €89,267
- Taxes +€1,141
up €1,141 (+80.3%), from €1,421 to €2,562
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 | €320,744 | €370,512 | +€49,769 | +15.5% |
| Fixed assets | 21/28 | €230,727 | €293,800 | +€63,073 | +27.3% |
| Tangible fixed assets | 22/27 | €230,727 | €293,800 | +€63,073 | +27.3% |
| Land and buildings | 22 | €178,389 | €164,973 | -€13,416 | -7.5% |
| Plant, machinery and equipment | 23 | €14,008 | €99,325 | +€85,317 | +609.1% |
| Furniture and vehicles | 24 | €36,992 | €29,211 | -€7,780 | -21.0% |
| Leasing and similar rights | 25 | €1,339 | €292 | -€1,047 | -78.2% |
| Current assets | 29/58 | €90,016 | €76,712 | -€13,305 | -14.8% |
| Stocks and contracts in progress | 3 | €5,599 | €5,599 | = | 0.0% |
| Stocks | 30/36 | €5,599 | €5,599 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,386 | €23,194 | -€6,191 | -21.1% |
| Trade receivables | 40 | €29,380 | €21,745 | -€7,635 | -26.0% |
| Other amounts receivable | 41 | €6 | €1,450 | +€1,444 | +25423.4% |
| Cash at bank and in hand | 54/58 | €47,862 | €47,918 | +€56 | +0.1% |
| Deferred charges and accrued income | 490/1 | €7,170 | - | -€7,170 | |
| Total equity and liabilities | 10/49 | €320,744 | €370,512 | +€49,769 | +15.5% |
| Equity | 10/15 | €52,751 | €62,343 | +€9,591 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €24,692 | €34,283 | +€9,591 | +38.8% |
| Distributable reserves | 133 | €24,692 | €34,283 | +€9,591 | +38.8% |
| Profit (loss) carried forward | 14 | €9,460 | €9,460 | = | 0.0% |
| Amounts payable | 17/49 | €267,992 | €308,169 | +€40,177 | +15.0% |
| Amounts payable after more than one year | 17 | €165,023 | €180,143 | +€15,121 | +9.2% |
| Financial debts | 170/4 | €165,023 | €180,143 | +€15,121 | +9.2% |
| Amounts payable within one year | 42/48 | €102,969 | €128,026 | +€25,057 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €27,262 | €37,889 | +€10,627 | +39.0% |
| Trade debts | 44 | €184 | €18,278 | +€18,094 | +9854.0% |
| Suppliers | 440/4 | €184 | €18,278 | +€18,094 | +9854.0% |
| Taxes, remuneration and social security | 45 | €16,709 | €8,935 | -€7,774 | -46.5% |
| Taxes | 450/3 | €6,997 | €3,983 | -€3,014 | -43.1% |
| Remuneration and social security | 454/9 | €9,712 | €4,952 | -€4,761 | -49.0% |
| Other amounts payable | 47/48 | €58,815 | €62,924 | +€4,110 | +7.0% |
| Remuneration, social security and pensions | 62 | €43,610 | €37,245 | -€6,365 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,377 | €32,280 | +€13,902 | +75.7% |
| Other operating charges | 640/8 | €3,242 | €3,254 | +€12 | +0.4% |
| Gross operating margin | 9900 | €85,079 | €89,267 | +€4,188 | +4.9% |
| Operating profit (loss) | 9901 | €19,849 | €16,488 | -€3,361 | -16.9% |
| Financial income | 75/76B | €596 | €397 | -€199 | -33.4% |
| Recurring financial income | 75 | €596 | €397 | -€199 | -33.4% |
| Financial charges | 65/66B | €4,812 | €4,732 | -€80 | -1.7% |
| Recurring financial charges | 65 | €4,812 | €4,732 | -€80 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €15,633 | €12,153 | -€3,480 | -22.3% |
| Income taxes | 67/77 | €1,421 | €2,562 | +€1,141 | +80.3% |
| Profit (loss) for the period | 9904 | €14,212 | €9,591 | -€4,620 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,212 | €9,591 | -€4,620 | -32.5% |
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 6 October 2026 via checked.be.