MOORKENS: what changed
Two fiscal 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.
MOORKENS
Largest movements
- Tangible fixed assets +€335,367
up €335,367 (+84.4%), from €397,428 to €732,795
of which Land and buildings: +€456,827
- Cash -€11,816
down €11,816 (-29.1%), from €40,542 to €28,726
mainly Investment in fixed assets (net) (-€400,984) and Net result for the year (-€7,091)
- Debts after one year +€194,750
up €194,750 (+55.4%), from €351,596 to €546,346
- Other debts +€97,627
new in 2025: €97,627
- Current portion of long-term debt +€24,397
up €24,397 (+85.0%), from €28,694 to €53,091
- Tax, wage and social debts +€14,664
up €14,664 (+391.0%), from €3,751 to €18,414
of which Taxes: +€8,871
- Gross operating margin +€85,968
up €85,968 (+323.6%), from €26,562 to €112,530
- Staff costs +€26,431
new in 2025: €26,431
- Depreciation +€16,326
up €16,326 (+33.1%), from €49,291 to €65,618
- Financial charges +€13,471
up €13,471 (+145.6%), from €9,251 to €22,722
- Other operating charges +€1,287
up €1,287 (+36.6%), from €3,521 to €4,809
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 | €448,258 | €772,106 | +€323,848 | +72.2% |
| Fixed assets | 21/28 | €397,563 | €732,930 | +€335,367 | +84.4% |
| Tangible fixed assets | 22/27 | €397,428 | €732,795 | +€335,367 | +84.4% |
| Land and buildings | 22 | €226,600 | €683,427 | +€456,827 | +201.6% |
| Plant, machinery and equipment | 23 | - | €16,331 | +€16,331 | |
| Leasing and similar rights | 25 | €48,449 | €33,037 | -€15,412 | -31.8% |
| Assets under construction and advance payments | 27 | €122,379 | €0 | -€122,379 | -100.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €50,694 | €39,176 | -€11,519 | -22.7% |
| Stocks and contracts in progress | 3 | - | €4,755 | +€4,755 | |
| Stocks | 30/36 | - | €4,755 | +€4,755 | |
| Amounts receivable within one year | 40/41 | €8,950 | €3,967 | -€4,983 | -55.7% |
| Trade receivables | 40 | €6,813 | €3,271 | -€3,542 | -52.0% |
| Other amounts receivable | 41 | €2,138 | €697 | -€1,441 | -67.4% |
| Cash at bank and in hand | 54/58 | €40,542 | €28,726 | -€11,816 | -29.1% |
| Deferred charges and accrued income | 490/1 | €1,202 | €1,727 | +€525 | +43.7% |
| Total equity and liabilities | 10/49 | €448,258 | €772,106 | +€323,848 | +72.2% |
| Equity | 10/15 | €57,064 | €49,972 | -€7,091 | -12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €94,892 | €94,892 | = | 0.0% |
| Distributable reserves | 133 | €94,892 | €94,892 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,229 | -€57,320 | -€7,091 | -14.1% |
| Amounts payable | 17/49 | €391,194 | €722,133 | +€330,939 | +84.6% |
| Amounts payable after more than one year | 17 | €351,596 | €546,346 | +€194,750 | +55.4% |
| Financial debts | 170/4 | €351,596 | €546,346 | +€194,750 | +55.4% |
| Amounts payable within one year | 42/48 | €39,598 | €175,273 | +€135,675 | +342.6% |
| Current portion of amounts payable after more than one year | 42 | €28,694 | €53,091 | +€24,397 | +85.0% |
| Trade debts | 44 | €7,153 | €6,140 | -€1,013 | -14.2% |
| Suppliers | 440/4 | €7,153 | €6,140 | -€1,013 | -14.2% |
| Taxes, remuneration and social security | 45 | €3,751 | €18,414 | +€14,664 | +391.0% |
| Taxes | 450/3 | €3,751 | €12,621 | +€8,871 | +236.5% |
| Remuneration and social security | 454/9 | - | €5,793 | +€5,793 | |
| Other amounts payable | 47/48 | - | €97,627 | +€97,627 | |
| Accrued charges and deferred income | 492/3 | - | €515 | +€515 | |
| Remuneration, social security and pensions | 62 | - | €26,431 | +€26,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,291 | €65,618 | +€16,326 | +33.1% |
| Other operating charges | 640/8 | €3,521 | €4,809 | +€1,287 | +36.6% |
| Gross operating margin | 9900 | €26,562 | €112,530 | +€85,968 | +323.6% |
| Operating profit (loss) | 9901 | -€26,251 | €15,673 | +€41,923 | |
| Financial income | 75/76B | €172 | €208 | +€37 | +21.4% |
| Recurring financial income | 75 | €172 | €208 | +€37 | +21.4% |
| Financial charges | 65/66B | €9,251 | €22,722 | +€13,471 | +145.6% |
| Recurring financial charges | 65 | €9,251 | €22,722 | +€13,471 | +145.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,330 | -€6,840 | +€28,489 | +80.6% |
| Income taxes | 67/77 | €273 | €251 | -€22 | -7.9% |
| Profit (loss) for the period | 9904 | -€35,602 | -€7,091 | +€28,511 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,602 | -€7,091 | +€28,511 | +80.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.