MOONSTONE: 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.
MOONSTONE
Largest movements
- Current investments -€20,319
down €20,319 (-23.3%), from €87,330 to €67,011
- Receivables within one year +€20,233
up €20,233 (+5453.6%), from €371 to €20,604
- Financial fixed assets +€13,585
new in 2025: €13,585
- Tangible fixed assets -€12,887
down €12,887 (-15.9%), from €81,019 to €68,132
of which Furniture and vehicles: -€12,431
- Debts after one year -€9,021
down €9,021 (-35.6%), from €25,352 to €16,331
- Tax, wage and social debts +€5,521
up €5,521 (+80.8%), from €6,835 to €12,356
of which Remuneration and social security: +€4,734
- Profit (loss) carried forward +€3,320
up €3,320 (+2.8%), from €117,933 to €121,253
- Gross operating margin +€13,058
up €13,058 (+15.1%), from €86,627 to €99,685
- Taxes -€12,500
down €12,500 (-44.0%), from €28,394 to €15,894
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,720 | €169,332 | +€612 | +0.4% |
| Fixed assets | 21/28 | €81,019 | €81,717 | +€698 | +0.9% |
| Tangible fixed assets | 22/27 | €81,019 | €68,132 | -€12,887 | -15.9% |
| Land and buildings | 22 | €34,322 | €32,415 | -€1,907 | -5.6% |
| Plant, machinery and equipment | 23 | €4,783 | €6,234 | +€1,451 | +30.3% |
| Furniture and vehicles | 24 | €41,914 | €29,483 | -€12,431 | -29.7% |
| Financial fixed assets | 28 | - | €13,585 | +€13,585 | |
| Current assets | 29/58 | €87,701 | €87,615 | -€86 | -0.1% |
| Amounts receivable within one year | 40/41 | €371 | €20,604 | +€20,233 | +5453.6% |
| Other amounts receivable | 41 | €371 | €20,604 | +€20,233 | +5453.6% |
| Current investments | 50/53 | €87,330 | €67,011 | -€20,319 | -23.3% |
| Total equity and liabilities | 10/49 | €168,720 | €169,332 | +€612 | +0.4% |
| Equity | 10/15 | €136,533 | €139,853 | +€3,320 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,933 | €121,253 | +€3,320 | +2.8% |
| Amounts payable | 17/49 | €32,187 | €29,479 | -€2,708 | -8.4% |
| Amounts payable after more than one year | 17 | €25,352 | €16,331 | -€9,021 | -35.6% |
| Financial debts | 170/4 | €25,352 | €16,331 | -€9,021 | -35.6% |
| Amounts payable within one year | 42/48 | €6,835 | €13,148 | +€6,313 | +92.4% |
| Trade debts | 44 | - | €792 | +€792 | |
| Suppliers | 440/4 | - | €792 | +€792 | |
| Taxes, remuneration and social security | 45 | €6,835 | €12,356 | +€5,521 | +80.8% |
| Taxes | 450/3 | €6,835 | €7,622 | +€787 | +11.5% |
| Remuneration and social security | 454/9 | - | €4,734 | +€4,734 | |
| Remuneration, social security and pensions | 62 | €4,595 | €4,650 | +€55 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,625 | €17,473 | -€152 | -0.9% |
| Other operating charges | 640/8 | €831 | €801 | -€30 | -3.6% |
| Gross operating margin | 9900 | €86,627 | €99,685 | +€13,058 | +15.1% |
| Operating profit (loss) | 9901 | €63,576 | €76,761 | +€13,185 | +20.7% |
| Financial income | 75/76B | - | €604 | +€604 | |
| Recurring financial income | 75 | - | €604 | +€604 | |
| Financial charges | 65/66B | €693 | €651 | -€42 | -6.1% |
| Recurring financial charges | 65 | €693 | €651 | -€42 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €62,883 | €76,714 | +€13,831 | +22.0% |
| Income taxes | 67/77 | €28,394 | €15,894 | -€12,500 | -44.0% |
| Profit (loss) for the period | 9904 | €34,489 | €60,820 | +€26,331 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,489 | €60,820 | +€26,331 | +76.3% |
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 12 October 2026 via checked.be.