MOONWOOD: what changed
MOONWOOD
Largest movements
- Tangible fixed assets +€25,774
up €25,774 (+24.2%), from €106,357 to €132,131
- Stocks and contracts +€17,030
up €17,030 (+23.8%), from €71,439 to €88,469
- Deferred charges and accrued income +€10,408
up €10,408 (+200%), from €5,203 to €15,611
- Cash +€9,846
up €9,846 (+4.6%), from €215,611 to €225,457
mainly Net result for the year (+€81,239) and Depreciation (+€59,667)
- Receivables within one year -€7,497
down €7,497 (-5.9%), from €127,642 to €120,144
of which Trade receivables: -€5,440
- Reserves +€81,239
up €81,239 (+24.8%), from €327,614 to €408,853
- Tax, wage and social debts -€24,544
down €24,544 (-34.7%), from €70,759 to €46,215
of which Taxes: -€16,474
- Gross operating margin +€41,753
up €41,753 (+12.6%), from €330,555 to €372,308
- Staff costs +€15,561
up €15,561 (+8.1%), from €191,726 to €207,287
- Depreciation +€12,612
up €12,612 (+26.8%), from €47,055 to €59,667
- Financial income +€10,983
up €10,983 (+1,104%), from €995 to €11,978
- Taxes +€8,903
up €8,903 (+38.4%), from €23,181 to €32,084
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 | €543,748 | €595,709 | +€51,961 | +9.6% |
| Fixed assets | 21/28 | €123,853 | €146,027 | +€22,174 | +17.9% |
| Intangible fixed assets | 21 | €17,064 | €13,464 | -€3,600 | -21.1% |
| Tangible fixed assets | 22/27 | €106,357 | €132,131 | +€25,774 | +24.2% |
| Furniture and vehicles | 24 | €106,357 | €132,131 | +€25,774 | +24.2% |
| Financial fixed assets | 28 | €433 | €433 | = | 0.0% |
| Current assets | 29/58 | €419,894 | €449,682 | +€29,787 | +7.1% |
| Stocks and contracts in progress | 3 | €71,439 | €88,469 | +€17,030 | +23.8% |
| Stocks | 30/36 | €71,439 | €88,469 | +€17,030 | +23.8% |
| Amounts receivable within one year | 40/41 | €127,642 | €120,144 | -€7,497 | -5.9% |
| Trade receivables | 40 | €125,435 | €119,994 | -€5,440 | -4.3% |
| Other amounts receivable | 41 | €2,207 | €150 | -€2,057 | -93.2% |
| Cash at bank and in hand | 54/58 | €215,611 | €225,457 | +€9,846 | +4.6% |
| Deferred charges and accrued income | 490/1 | €5,203 | €15,611 | +€10,408 | +200% |
| Total equity and liabilities | 10/49 | €543,748 | €595,709 | +€51,961 | +9.6% |
| Equity | 10/15 | €447,614 | €528,853 | +€81,239 | +18.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €327,614 | €408,853 | +€81,239 | +24.8% |
| Distributable reserves | 133 | €327,614 | €408,853 | +€81,239 | +24.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €96,134 | €66,856 | -€29,278 | -30.5% |
| Amounts payable within one year | 42/48 | €95,961 | €66,602 | -€29,358 | -30.6% |
| Trade debts | 44 | €17,842 | €15,243 | -€2,600 | -14.6% |
| Suppliers | 440/4 | €17,842 | €15,243 | -€2,600 | -14.6% |
| Taxes, remuneration and social security | 45 | €70,759 | €46,215 | -€24,544 | -34.7% |
| Taxes | 450/3 | €41,783 | €25,309 | -€16,474 | -39.4% |
| Remuneration and social security | 454/9 | €28,976 | €20,907 | -€8,070 | -27.8% |
| Other amounts payable | 47/48 | €7,359 | €5,145 | -€2,215 | -30.1% |
| Accrued charges and deferred income | 492/3 | €174 | €254 | +€80 | +46.2% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €191,726 | €207,287 | +€15,561 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,055 | €59,667 | +€12,612 | +26.8% |
| Other operating charges | 640/8 | €3,805 | €2,611 | -€1,194 | -31.4% |
| Gross operating margin | 9900 | €330,555 | €372,308 | +€41,753 | +12.6% |
| Operating profit (loss) | 9901 | €87,969 | €102,744 | +€14,774 | +16.8% |
| Financial income | 75/76B | €995 | €11,978 | +€10,983 | +1,104% |
| Recurring financial income | 75 | €995 | €11,978 | +€10,983 | +1,104% |
| Financial charges | 65/66B | €793 | €1,398 | +€605 | +76.4% |
| Recurring financial charges | 65 | €793 | €1,398 | +€605 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €88,172 | €113,323 | +€25,151 | +28.5% |
| Income taxes | 67/77 | €23,181 | €32,084 | +€8,903 | +38.4% |
| Profit (loss) for the period | 9904 | €64,991 | €81,239 | +€16,248 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,991 | €81,239 | +€16,248 | +25.0% |
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 6 November 2026 via checked.be.