Moonshot Thinking: 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.
Moonshot Thinking
Largest movements
- Receivables within one year +€85,792
up €85,792 (+142%), from €60,229 to €146,021
of which Trade receivables: +€89,844
- Cash -€19,197
down €19,197 (-78.9%), from €24,316 to €5,119
mainly Contributions, distributions and other (-€98,983) and Receivables within one year (-€85,792)
- Other debts +€99,063
up €99,063 (+1,018%), from €9,731 to €108,794
- Tax, wage and social debts -€33,145
down €33,145 (-59.6%), from €55,619 to €22,475
of which Remuneration and social security: -€31,868
- Gross operating margin +€47,589
up €47,589 (+56.4%), from €84,452 to €132,041
- Depreciation +€4,021
up €4,021 (+63.6%), from €6,323 to €10,344
- Taxes +€2,002
up €2,002 (+11.3%), from €17,786 to €19,788
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 | €130,434 | €196,937 | +€66,504 | +51.0% |
| Fixed assets | 21/28 | €43,941 | €43,223 | -€718 | -1.6% |
| Tangible fixed assets | 22/27 | €42,981 | €42,263 | -€718 | -1.7% |
| Plant, machinery and equipment | 23 | €42,981 | €34,739 | -€8,243 | -19.2% |
| Furniture and vehicles | 24 | - | €7,524 | +€7,524 | |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €86,492 | €153,714 | +€67,222 | +77.7% |
| Amounts receivable within one year | 40/41 | €60,229 | €146,021 | +€85,792 | +142% |
| Trade receivables | 40 | €55,006 | €144,850 | +€89,844 | +163% |
| Other amounts receivable | 41 | €5,222 | €1,171 | -€4,052 | -77.6% |
| Current investments | 50/53 | - | €150 | +€150 | |
| Cash at bank and in hand | 54/58 | €24,316 | €5,119 | -€19,197 | -78.9% |
| Deferred charges and accrued income | 490/1 | €1,948 | €2,425 | +€477 | +24.5% |
| Total equity and liabilities | 10/49 | €130,434 | €196,937 | +€66,504 | +51.0% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,974 | €176,477 | +€66,504 | +60.5% |
| Amounts payable after more than one year | 17 | €20,460 | €20,460 | = | 0.0% |
| Financial debts | 170/4 | €20,460 | €20,460 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,474 | €152,528 | +€65,055 | +74.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €22,123 | €21,260 | -€863 | -3.9% |
| Suppliers | 440/4 | €22,123 | €21,260 | -€863 | -3.9% |
| Taxes, remuneration and social security | 45 | €55,619 | €22,475 | -€33,145 | -59.6% |
| Taxes | 450/3 | €23,751 | €22,475 | -€1,276 | -5.4% |
| Remuneration and social security | 454/9 | €31,868 | €0 | -€31,868 | -100% |
| Other amounts payable | 47/48 | €9,731 | €108,794 | +€99,063 | +1,018% |
| Accrued charges and deferred income | 492/3 | €2,040 | €3,489 | +€1,449 | +71.0% |
| Non-recurring operating income | 76A | - | €27 | +€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,323 | €10,344 | +€4,021 | +63.6% |
| Other operating charges | 640/8 | €498 | €1,060 | +€562 | +113% |
| Gross operating margin | 9900 | €84,452 | €132,041 | +€47,589 | +56.4% |
| Operating profit (loss) | 9901 | €77,631 | €120,637 | +€43,006 | +55.4% |
| Financial income | 75/76B | €817 | €0 | -€817 | -100% |
| Recurring financial income | 75 | €817 | €0 | -€817 | -100% |
| Financial charges | 65/66B | €2,641 | €1,866 | -€775 | -29.3% |
| Recurring financial charges | 65 | €2,641 | €1,866 | -€775 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €75,807 | €118,771 | +€42,964 | +56.7% |
| Income taxes | 67/77 | €17,786 | €19,788 | +€2,002 | +11.3% |
| Profit (loss) for the period | 9904 | €58,021 | €98,983 | +€40,962 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,021 | €98,983 | +€40,962 | +70.6% |
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 16 October 2026 via checked.be.