MOORIN: 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.
MOORIN
Largest movements
- Cash -€27,590
down €27,590 (-27.3%), from €101,107 to €73,517
mainly Investment in fixed assets (net) (-€23,655) and Net result for the year (-€17,220)
- Deferred charges and accrued income +€13,079
new in 2025: €13,079
- Tangible fixed assets -€7,022
down €7,022 (-5.0%), from €141,812 to €134,790
of which Furniture and vehicles: -€8,848
- Receivables within one year -€4,228
down €4,228 (-17.0%), from €24,862 to €20,634
of which Other amounts receivable: -€2,254
- Reserves -€17,220
down €17,220 (-15.0%), from €114,914 to €97,694
- Debts after one year -€7,609
down €7,609 (-21.7%), from €35,065 to €27,456
- Staff costs +€80,561
up €80,561 (+19.5%), from €412,469 to €493,030
- Gross operating margin +€50,815
up €50,815 (+10.8%), from €471,041 to €521,856
- Taxes -€6,678
down €6,678 (-86.7%), from €7,705 to €1,027
- Depreciation +€5,507
up €5,507 (+21.9%), from €25,170 to €30,677
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
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 | €332,383 | €307,658 | -€24,725 | -7.4% |
| Fixed assets | 21/28 | €141,812 | €134,790 | -€7,022 | -5.0% |
| Tangible fixed assets | 22/27 | €141,812 | €134,790 | -€7,022 | -5.0% |
| Land and buildings | 22 | €46,941 | €46,389 | -€552 | -1.2% |
| Plant, machinery and equipment | 23 | €52,609 | €54,986 | +€2,378 | +4.5% |
| Furniture and vehicles | 24 | €42,263 | €33,414 | -€8,848 | -20.9% |
| Current assets | 29/58 | €190,571 | €172,868 | -€17,703 | -9.3% |
| Stocks and contracts in progress | 3 | €64,602 | €65,639 | +€1,037 | +1.6% |
| Stocks | 30/36 | €64,602 | €65,639 | +€1,037 | +1.6% |
| Amounts receivable within one year | 40/41 | €24,862 | €20,634 | -€4,228 | -17.0% |
| Trade receivables | 40 | €1,975 | - | -€1,975 | |
| Other amounts receivable | 41 | €22,887 | €20,634 | -€2,254 | -9.8% |
| Cash at bank and in hand | 54/58 | €101,107 | €73,517 | -€27,590 | -27.3% |
| Deferred charges and accrued income | 490/1 | - | €13,079 | +€13,079 | |
| Total equity and liabilities | 10/49 | €332,383 | €307,658 | -€24,725 | -7.4% |
| Equity | 10/15 | €133,514 | €116,294 | -€17,220 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,914 | €97,694 | -€17,220 | -15.0% |
| Distributable reserves | 133 | €114,914 | €97,694 | -€17,220 | -15.0% |
| Amounts payable | 17/49 | €198,870 | €191,364 | -€7,505 | -3.8% |
| Amounts payable after more than one year | 17 | €35,065 | €27,456 | -€7,609 | -21.7% |
| Financial debts | 170/4 | €35,065 | €27,456 | -€7,609 | -21.7% |
| Amounts payable within one year | 42/48 | €163,469 | €163,908 | +€440 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €16,320 | €15,516 | -€804 | -4.9% |
| Trade debts | 44 | €70,527 | €70,779 | +€253 | +0.4% |
| Suppliers | 440/4 | €70,527 | €70,779 | +€253 | +0.4% |
| Taxes, remuneration and social security | 45 | €67,958 | €69,948 | +€1,990 | +2.9% |
| Taxes | 450/3 | €22,758 | €16,925 | -€5,833 | -25.6% |
| Remuneration and social security | 454/9 | €45,200 | €53,023 | +€7,823 | +17.3% |
| Other amounts payable | 47/48 | €8,664 | €7,665 | -€998 | -11.5% |
| Accrued charges and deferred income | 492/3 | €335 | - | -€335 | |
| Non-recurring operating income | 76A | €6,825 | - | -€6,825 | |
| Remuneration, social security and pensions | 62 | €412,469 | €493,030 | +€80,561 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,170 | €30,677 | +€5,507 | +21.9% |
| Other operating charges | 640/8 | €7,997 | €7,116 | -€881 | -11.0% |
| Non-recurring operating charges | 66A | -€1,461 | - | +€1,461 | |
| Gross operating margin | 9900 | €471,041 | €521,856 | +€50,815 | +10.8% |
| Operating profit (loss) | 9901 | €26,867 | -€8,967 | -€35,834 | |
| Financial income | 75/76B | €294 | €613 | +€320 | +108.9% |
| Recurring financial income | 75 | €294 | €613 | +€320 | +108.9% |
| Financial charges | 65/66B | €7,696 | €7,839 | +€143 | +1.9% |
| Recurring financial charges | 65 | €7,696 | €7,839 | +€143 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €19,465 | -€16,193 | -€35,658 | |
| Income taxes | 67/77 | €7,705 | €1,027 | -€6,678 | -86.7% |
| Profit (loss) for the period | 9904 | €11,760 | -€17,220 | -€28,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,760 | -€17,220 | -€28,979 |
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 11 October 2026 via checked.be.