Moonshot: what changed
Moonshot
Largest movements
- Receivables within one year +€14,756
up €14,756 (+208%), from €7,104 to €21,860
of which Trade receivables: +€10,689
- Receivables after one year +€10,000
new in 2025: €10,000
- Tangible fixed assets +€5,375
up €5,375 (+60.1%), from €8,940 to €14,315
of which Plant, machinery and equipment: +€3,973
- Cash -€1,422
down €1,422 (-3.0%), from €47,674 to €46,253
mainly Receivables within one year (-€14,756) and Receivables after one year (-€10,000)
- Reserves +€27,254
up €27,254 (+98.8%), from €27,596 to €54,849
- Tax, wage and social debts +€5,056
up €5,056 (+25.1%), from €20,117 to €25,173
of which Taxes: +€5,056
- Other debts -€2,208
down €2,208 (-46.4%), from €4,757 to €2,549
- Trade debts -€1,011
down €1,011 (-10.4%), from €9,752 to €8,742
- Gross operating margin +€7,667
up €7,667 (+22.6%), from €33,959 to €41,627
- Taxes +€1,643
up €1,643 (+28.8%), from €5,701 to €7,344
- Depreciation +€859
up €859 (+58.1%), from €1,478 to €2,336
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,548 | €94,313 | +€28,765 | +43.9% |
| Fixed assets | 21/28 | €9,789 | €15,163 | +€5,375 | +54.9% |
| Intangible fixed assets | 21 | €849 | €849 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,940 | €14,315 | +€5,375 | +60.1% |
| Plant, machinery and equipment | 23 | €1,019 | €4,992 | +€3,973 | +390% |
| Furniture and vehicles | 24 | €683 | €2,906 | +€2,224 | +326% |
| Other tangible fixed assets | 26 | €7,239 | €6,417 | -€822 | -11.4% |
| Current assets | 29/58 | €55,760 | €79,150 | +€23,390 | +41.9% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €7,104 | €21,860 | +€14,756 | +208% |
| Trade receivables | 40 | €7,009 | €17,698 | +€10,689 | +153% |
| Other amounts receivable | 41 | €95 | €4,162 | +€4,067 | +4,275% |
| Cash at bank and in hand | 54/58 | €47,674 | €46,253 | -€1,422 | -3.0% |
| Deferred charges and accrued income | 490/1 | €981 | €1,037 | +€56 | +5.7% |
| Total equity and liabilities | 10/49 | €65,548 | €94,313 | +€28,765 | +43.9% |
| Equity | 10/15 | €30,596 | €57,849 | +€27,254 | +89.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,596 | €54,849 | +€27,254 | +98.8% |
| Distributable reserves | 133 | €27,596 | €54,849 | +€27,254 | +98.8% |
| Amounts payable | 17/49 | €34,953 | €36,464 | +€1,511 | +4.3% |
| Amounts payable within one year | 42/48 | €34,627 | €36,464 | +€1,837 | +5.3% |
| Trade debts | 44 | €9,752 | €8,742 | -€1,011 | -10.4% |
| Suppliers | 440/4 | €9,752 | €8,742 | -€1,011 | -10.4% |
| Taxes, remuneration and social security | 45 | €20,117 | €25,173 | +€5,056 | +25.1% |
| Taxes | 450/3 | €20,117 | €25,173 | +€5,056 | +25.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,757 | €2,549 | -€2,208 | -46.4% |
| Accrued charges and deferred income | 492/3 | €326 | €0 | -€326 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,478 | €2,336 | +€859 | +58.1% |
| Other operating charges | 640/8 | €1,443 | €1,449 | +€7 | +0.5% |
| Gross operating margin | 9900 | €33,959 | €41,627 | +€7,667 | +22.6% |
| Operating profit (loss) | 9901 | €31,039 | €37,841 | +€6,802 | +21.9% |
| Financial income | 75/76B | €11 | €56 | +€45 | +407% |
| Recurring financial income | 75 | €11 | €56 | +€45 | +407% |
| Financial charges | 65/66B | €3,303 | €3,299 | -€4 | -0.1% |
| Recurring financial charges | 65 | €3,303 | €3,299 | -€4 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €27,748 | €34,598 | +€6,850 | +24.7% |
| Income taxes | 67/77 | €5,701 | €7,344 | +€1,643 | +28.8% |
| Profit (loss) for the period | 9904 | €22,047 | €27,254 | +€5,207 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,047 | €27,254 | +€5,207 | +23.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.