MOORINGS: 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.
MOORINGS
Largest movements
- Cash +€236,691
up €236,691 (+492%), from €48,067 to €284,758
mainly Trade debts (+€166,546) and Other debts (+€108,255)
- Receivables within one year -€81,150
down €81,150 (-38.2%), from €212,616 to €131,466
of which Trade receivables: -€124,408
- Tangible fixed assets +€21,947
up €21,947 (+34.2%), from €64,084 to €86,031
of which Other tangible fixed assets: +€28,106
- Intangible fixed assets +€19,999
new in 2025: €19,999
- Trade debts +€166,546
up €166,546 (+438%), from €37,990 to €204,536
- Other debts +€108,255
up €108,255 (+2,363%), from €4,582 to €112,837
- Reserves -€56,989
down €56,989 (-23.2%), from €245,193 to €188,204
of which Distributable reserves: -€56,989
- Accrued charges and deferred income -€31,176
down €31,176 (-100%), from €31,176 to €0
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Financial income -€6,442
down €6,442 (-89.4%), from €7,209 to €767
- Depreciation +€6,265
up €6,265 (+50.3%), from €12,451 to €18,717
- Gross operating margin +€3,067
up €3,067 (+2.2%), from €140,314 to €143,382
- Taxes -€2,047
down €2,047 (-7.5%), from €27,419 to €25,372
- Other operating charges +€1,557
up €1,557 (+66.1%), from €2,355 to €3,912
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 | €340,923 | €535,360 | +€194,437 | +57.0% |
| Fixed assets | 21/28 | €67,084 | €109,030 | +€41,946 | +62.5% |
| Intangible fixed assets | 21 | - | €19,999 | +€19,999 | |
| Tangible fixed assets | 22/27 | €64,084 | €86,031 | +€21,947 | +34.2% |
| Plant, machinery and equipment | 23 | €1,152 | €5,582 | +€4,430 | +384% |
| Furniture and vehicles | 24 | €62,931 | €52,343 | -€10,589 | -16.8% |
| Other tangible fixed assets | 26 | - | €28,106 | +€28,106 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €273,840 | €426,331 | +€152,491 | +55.7% |
| Amounts receivable after more than one year | 29 | €10,670 | €10,107 | -€563 | -5.3% |
| Other amounts receivable | 291 | €10,670 | €10,107 | -€563 | -5.3% |
| Amounts receivable within one year | 40/41 | €212,616 | €131,466 | -€81,150 | -38.2% |
| Trade receivables | 40 | €202,531 | €78,123 | -€124,408 | -61.4% |
| Other amounts receivable | 41 | €10,084 | €53,343 | +€43,259 | +429% |
| Cash at bank and in hand | 54/58 | €48,067 | €284,758 | +€236,691 | +492% |
| Deferred charges and accrued income | 490/1 | €2,487 | €0 | -€2,487 | -100% |
| Total equity and liabilities | 10/49 | €340,923 | €535,360 | +€194,437 | +57.0% |
| Equity | 10/15 | €257,593 | €206,804 | -€50,789 | -19.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €245,193 | €188,204 | -€56,989 | -23.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €245,193 | €188,204 | -€56,989 | -23.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €83,331 | €328,556 | +€245,226 | +294% |
| Amounts payable within one year | 42/48 | €52,155 | €328,556 | +€276,402 | +530% |
| Trade debts | 44 | €37,990 | €204,536 | +€166,546 | +438% |
| Suppliers | 440/4 | €37,990 | €204,536 | +€166,546 | +438% |
| Taxes, remuneration and social security | 45 | €9,583 | €11,183 | +€1,601 | +16.7% |
| Taxes | 450/3 | €9,583 | €11,160 | +€1,578 | +16.5% |
| Remuneration and social security | 454/9 | €0 | €23 | +€23 | |
| Other amounts payable | 47/48 | €4,582 | €112,837 | +€108,255 | +2,363% |
| Accrued charges and deferred income | 492/3 | €31,176 | €0 | -€31,176 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,451 | €18,717 | +€6,265 | +50.3% |
| Other operating charges | 640/8 | €2,355 | €3,912 | +€1,557 | +66.1% |
| Gross operating margin | 9900 | €140,314 | €143,382 | +€3,067 | +2.2% |
| Operating profit (loss) | 9901 | €125,508 | €120,753 | -€4,756 | -3.8% |
| Financial income | 75/76B | €7,209 | €767 | -€6,442 | -89.4% |
| Recurring financial income | 75 | €7,209 | €767 | -€6,442 | -89.4% |
| Financial charges | 65/66B | €2,241 | €3,135 | +€894 | +39.9% |
| Recurring financial charges | 65 | €2,241 | €3,135 | +€894 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €130,476 | €118,384 | -€12,092 | -9.3% |
| Income taxes | 67/77 | €27,419 | €25,372 | -€2,047 | -7.5% |
| Profit (loss) for the period | 9904 | €103,056 | €93,011 | -€10,045 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,056 | €93,011 | -€10,045 | -9.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.