Moore Audit: 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.
What changed
Moore Audit
NACE 69.203, Activities of company auditors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €1.6m+€1.2m
Equity
€20.4m
2024 · €9.5m+€10.9m
Cash
€37,281
2024 · €4,820+€32,461
Balance sheet total
€37.4m
2024 · €23.8m+€13.5m
Largest movements
Assets
- Financial fixed assets +€13.0m
up €13.0m (+154102.1%), from €8,425 to €13.0m
of which Affiliated companies: +€13.0m
- Receivables within one year +€847,709
up €847,709 (+8.3%), from €10.3m to €11.1m
of which Other amounts receivable: +€2.0m
- Intangible fixed assets -€633,400
down €633,400 (-6.1%), from €10.4m to €9.8m
Equity and liabilities
- Contributions +€10.7m
up €10.7m (+796.8%), from €1.3m to €12.1m
- Other debts +€3.0m
new in 2025: €3.0m
- Trade debts -€2.3m
down €2.3m (-38.1%), from €6.1m to €3.8m
- Debts after one year +€1.3m
up €1.3m (+49.4%), from €2.6m to €3.9m
- Accrued charges and deferred income +€579,798
up €579,798 (+13.7%), from €4.2m to €4.8m
Income statement
- Turnover +€2.2m
up €2.2m (+9.0%), from €24.1m to €26.3m
- Services and other goods -€1.7m
down €1.7m (-19.4%), from €8.7m to €7.0m
- Staff costs +€857,177
up €857,177 (+14.8%), from €5.8m to €6.7m
- Taxes +€724,765
up €724,765 (+107.5%), from €674,348 to €1.4m
of which Taxes: +€582,484
- Financial income -€265,199
down €265,199 (-47.4%), from €559,130 to €293,931
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.
Result 2024
€1.6m
Turnover
+€2.2m
Other operating income
+€101,810
Goods and materials
-€89,547
Services and other goods
+€1.7m
Staff costs
-€857,177
Depreciation
+€124,297
Write-downs
-€68,722
Other operating charges
+€2,785
Other operating items
-€765,769
Financial income
-€265,199
Financial charges
+€30,330
Taxes
-€724,765
Deferred taxes and other
-€168,400
Result 2025
€2.8m
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.
From operations
+€3.9m
Investment
-€13.2m
Financing
+€9.3m
Cash 2024
€4,820
From operations (derived)
+€3.9m
Net result for the year
+€2.8m
Depreciation
+€802,704
Stocks and contracts
-€210,342
Receivables within one year
-€847,709
Deferred charges and accrued income
-€52,496
Trade debts
-€2.3m
Tax, wage and social debts
+€189,330
Other debts
+€3.0m
Accrued charges and deferred income
+€579,798
Investment (derived)
-€13.2m
Investment in fixed assets (net)
-€13.2m
Financing
+€9.3m
Debts after one year
+€1.3m
Current portion of long-term debt
-€1,802
Contributions, distributions and other
+€8.1m
Cash 2025
€37,281
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,812,761 | €37,358,889 | +€13.5m | +56.9% |
| Formation expenses | 20 | - | €77,400 | +€77,400 | |
| Fixed assets | 21/28 | €10,426,957 | €22,752,676 | +€12.3m | +118.2% |
| Intangible fixed assets | 21 | €10,389,189 | €9,755,789 | -€633,400 | -6.1% |
| Tangible fixed assets | 22/27 | €29,343 | €5,826 | -€23,517 | -80.1% |
| Furniture and vehicles | 24 | €27,439 | €5,826 | -€21,613 | -78.8% |
| Other tangible fixed assets | 26 | €1,903 | - | -€1,903 | |
| Financial fixed assets | 28 | €8,425 | €12,991,061 | +€13.0m | +154102.1% |
| Affiliated companies | 280/1 | - | €12,975,224 | +€13.0m | |
| Participating interests | 280 | - | €12,975,224 | +€13.0m | |
| Other financial fixed assets | 284/8 | €8,425 | €15,837 | +€7,412 | +88.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,425 | €15,837 | +€7,412 | +88.0% |
| Current assets | 29/58 | €13,385,805 | €14,528,813 | +€1.1m | +8.5% |
| Stocks and contracts in progress | 3 | €2,965,746 | €3,176,089 | +€210,342 | +7.1% |
| Contracts in progress | 37 | €2,965,746 | €3,176,089 | +€210,342 | +7.1% |
| Amounts receivable within one year | 40/41 | €10,263,583 | €11,111,292 | +€847,709 | +8.3% |
| Trade receivables | 40 | €7,043,385 | €5,863,341 | -€1.2m | -16.8% |
| Other amounts receivable | 41 | €3,220,198 | €5,247,951 | +€2.0m | +63.0% |
| Cash at bank and in hand | 54/58 | €4,820 | €37,281 | +€32,461 | +673.4% |
| Deferred charges and accrued income | 490/1 | €151,655 | €204,151 | +€52,496 | +34.6% |
| Total equity and liabilities | 10/49 | €23,812,761 | €37,358,889 | +€13.5m | +56.9% |
| Equity | 10/15 | €9,499,849 | €20,375,380 | +€10.9m | +114.5% |
| Contributions | 10/11 | €1,343,805 | €12,050,935 | +€10.7m | +796.8% |
| Reserves | 13 | €8,156,045 | €8,324,445 | +€168,400 | +2.1% |
| Non-distributable reserves | 130/1 | €21,813 | €21,813 | = | 0.0% |
| Other | 1319 | €21,813 | €21,813 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,510 | €210,910 | +€168,400 | +396.1% |
| Distributable reserves | 133 | €8,091,722 | €8,091,722 | = | 0.0% |
| Amounts payable | 17/49 | €14,312,912 | €16,983,509 | +€2.7m | +18.7% |
| Amounts payable after more than one year | 17 | €2,590,000 | €3,870,000 | +€1.3m | +49.4% |
| Financial debts | 170/4 | €2,590,000 | €3,870,000 | +€1.3m | +49.4% |
| Credit institutions | 173 | €2,590,000 | - | -€2.6m | |
| Other loans | 174 | - | €3,870,000 | +€3.9m | |
| Amounts payable within one year | 42/48 | €7,490,335 | €8,301,134 | +€810,799 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €1,802 | - | -€1,802 | |
| Trade debts | 44 | €6,107,017 | €3,778,319 | -€2.3m | -38.1% |
| Suppliers | 440/4 | €6,107,017 | €3,778,319 | -€2.3m | -38.1% |
| Taxes, remuneration and social security | 45 | €1,381,515 | €1,570,846 | +€189,330 | +13.7% |
| Taxes | 450/3 | €660,752 | €645,624 | -€15,128 | -2.3% |
| Remuneration and social security | 454/9 | €720,763 | €925,221 | +€204,458 | +28.4% |
| Other amounts payable | 47/48 | - | €2,951,969 | +€3.0m | |
| Accrued charges and deferred income | 492/3 | €4,232,577 | €4,812,375 | +€579,798 | +13.7% |
| Operating income | 70/76A | €25,647,962 | €27,050,763 | +€1.4m | +5.5% |
| Turnover | 70 | €24,138,590 | €26,319,702 | +€2.2m | +9.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,078,693 | €210,342 | -€868,351 | -80.5% |
| Other operating income | 74 | €390,520 | €492,330 | +€101,810 | +26.1% |
| Non-recurring operating income | 76A | €40,158 | €28,388 | -€11,770 | -29.3% |
| Operating charges | 60/66A | €23,690,540 | €22,784,866 | -€905,674 | -3.8% |
| Goods for resale, raw materials and consumables | 60 | €8,134,523 | €8,224,071 | +€89,547 | +1.1% |
| Purchases | 600/8 | €8,134,523 | €8,224,071 | +€89,547 | +1.1% |
| Services and other goods | 61 | €8,673,327 | €6,993,639 | -€1.7m | -19.4% |
| Remuneration, social security and pensions | 62 | €5,804,926 | €6,662,103 | +€857,177 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927,001 | €802,704 | -€124,297 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,182 | €49,540 | +€68,722 | |
| Other operating charges | 640/8 | €35,564 | €32,779 | -€2,785 | -7.8% |
| Non-recurring operating charges | 66A | €134,382 | €20,030 | -€114,352 | -85.1% |
| Operating profit (loss) | 9901 | €1,957,422 | €4,265,898 | +€2.3m | +117.9% |
| Financial income | 75/76B | €559,130 | €293,931 | -€265,199 | -47.4% |
| Recurring financial income | 75 | €559,130 | €293,931 | -€265,199 | -47.4% |
| Income from financial fixed assets | 750 | - | €168,400 | +€168,400 | |
| Income from current assets | 751 | - | €125,396 | +€125,396 | |
| Other financial income | 752/9 | €559,130 | €136 | -€558,994 | -100.0% |
| Financial charges | 65/66B | €211,322 | €180,992 | -€30,330 | -14.4% |
| Recurring financial charges | 65 | €211,322 | €180,992 | -€30,330 | -14.4% |
| Debt charges | 650 | - | €177,654 | +€177,654 | |
| Other financial charges | 652/9 | €211,322 | €3,338 | -€207,984 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €2,305,231 | €4,378,837 | +€2.1m | +90.0% |
| Transfer to deferred taxes | 680 | - | €168,400 | +€168,400 | |
| Income taxes | 67/77 | €674,348 | €1,399,113 | +€724,765 | +107.5% |
| Taxes | 670/3 | €915,801 | €1,498,284 | +€582,484 | +63.6% |
| Tax adjustments and reversals of tax provisions | 77 | €241,452 | €99,171 | -€142,281 | -58.9% |
| Profit (loss) for the period | 9904 | €1,630,883 | €2,811,324 | +€1.2m | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,630,883 | €2,811,324 | +€1.2m | +72.4% |
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 10 October 2026 via checked.be.