MOORS: 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.
MOORS
Largest movements
- Stocks and contracts +€25,780
up €25,780 (+8.7%), from €295,905 to €321,685
of which Stocks: +€25,780
- Cash +€16,468
up €16,468 (+15.3%), from €107,678 to €124,147
mainly Net result for the year (+€55,553) and Tax, wage and social debts (+€30,378)
- Profit (loss) carried forward +€55,553
up €55,553 (+202.9%), from €27,386 to €82,939
- Debts after one year -€40,048
down €40,048 (-7.9%), from €505,539 to €465,491
- Tax, wage and social debts +€30,378
up €30,378 (+92.5%), from €32,827 to €63,205
of which Taxes: +€26,819
- Other debts -€23,530
down €23,530 (-7.0%), from €338,462 to €314,932
- Trade debts +€15,168
up €15,168 (+23.4%), from €64,883 to €80,050
- Gross operating margin +€70,313
up €70,313 (+89.8%), from €78,329 to €148,642
- Other operating charges +€28,216
up €28,216 (+84.5%), from €33,393 to €61,609
- Taxes +€15,707
up €15,707 (+273.9%), from €5,734 to €21,441
- Depreciation -€2,225
down €2,225 (-21.2%), from €10,500 to €8,275
- Financial income +€1,998
up €1,998 (+93.8%), from €2,131 to €4,129
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 | €1,317,391 | €1,363,488 | +€46,097 | +3.5% |
| Fixed assets | 21/28 | €764,984 | €776,026 | +€11,042 | +1.4% |
| Tangible fixed assets | 22/27 | €764,984 | €776,026 | +€11,042 | +1.4% |
| Land and buildings | 22 | €756,313 | €773,774 | +€17,462 | +2.3% |
| Plant, machinery and equipment | 23 | €1,337 | €845 | -€492 | -36.8% |
| Furniture and vehicles | 24 | €7,334 | €1,406 | -€5,928 | -80.8% |
| Current assets | 29/58 | €552,407 | €587,462 | +€35,055 | +6.3% |
| Stocks and contracts in progress | 3 | €295,905 | €321,685 | +€25,780 | +8.7% |
| Stocks | 30/36 | €274,978 | €300,758 | +€25,780 | +9.4% |
| Contracts in progress | 37 | €20,927 | €20,927 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €130,074 | €120,370 | -€9,705 | -7.5% |
| Trade receivables | 40 | €120,095 | €110,329 | -€9,767 | -8.1% |
| Other amounts receivable | 41 | €9,979 | €10,041 | +€62 | +0.6% |
| Cash at bank and in hand | 54/58 | €107,678 | €124,147 | +€16,468 | +15.3% |
| Deferred charges and accrued income | 490/1 | €18,750 | €21,262 | +€2,511 | +13.4% |
| Total equity and liabilities | 10/49 | €1,317,391 | €1,363,488 | +€46,097 | +3.5% |
| Equity | 10/15 | €325,681 | €381,235 | +€55,553 | +17.1% |
| Contributions | 10/11 | €274,751 | €274,751 | = | 0.0% |
| Capital | 10 | €274,751 | €274,751 | = | 0.0% |
| Issued capital | 100 | €274,751 | €274,751 | = | 0.0% |
| Reserves | 13 | €23,545 | €23,545 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,438 | €6,438 | = | 0.0% |
| Legal reserve | 130 | €6,438 | €6,438 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,908 | €7,908 | = | 0.0% |
| Distributable reserves | 133 | €9,198 | €9,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,386 | €82,939 | +€55,553 | +202.9% |
| Amounts payable | 17/49 | €991,710 | €982,254 | -€9,456 | -1.0% |
| Amounts payable after more than one year | 17 | €505,539 | €465,491 | -€40,048 | -7.9% |
| Financial debts | 170/4 | €505,539 | €465,491 | -€40,048 | -7.9% |
| Amounts payable within one year | 42/48 | €480,937 | €503,836 | +€22,898 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €39,166 | €40,048 | +€883 | +2.3% |
| Trade debts | 44 | €64,883 | €80,050 | +€15,168 | +23.4% |
| Suppliers | 440/4 | €64,883 | €80,050 | +€15,168 | +23.4% |
| Advances received on contracts in progress | 46 | €5,600 | €5,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €32,827 | €63,205 | +€30,378 | +92.5% |
| Taxes | 450/3 | €20,349 | €47,169 | +€26,819 | +131.8% |
| Remuneration and social security | 454/9 | €12,478 | €16,037 | +€3,559 | +28.5% |
| Other amounts payable | 47/48 | €338,462 | €314,932 | -€23,530 | -7.0% |
| Accrued charges and deferred income | 492/3 | €5,233 | €12,927 | +€7,694 | +147.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,500 | €8,275 | -€2,225 | -21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €496 | - | -€496 | |
| Other operating charges | 640/8 | €33,393 | €61,609 | +€28,216 | +84.5% |
| Gross operating margin | 9900 | €78,329 | €148,642 | +€70,313 | +89.8% |
| Operating profit (loss) | 9901 | €33,941 | €78,759 | +€44,818 | +132.0% |
| Financial income | 75/76B | €2,131 | €4,129 | +€1,998 | +93.8% |
| Recurring financial income | 75 | €2,131 | €4,129 | +€1,998 | +93.8% |
| Financial charges | 65/66B | €6,913 | €5,894 | -€1,019 | -14.7% |
| Recurring financial charges | 65 | €6,913 | €5,894 | -€1,019 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €29,158 | €76,994 | +€47,836 | +164.1% |
| Income taxes | 67/77 | €5,734 | €21,441 | +€15,707 | +273.9% |
| Profit (loss) for the period | 9904 | €23,425 | €55,553 | +€32,129 | +137.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,425 | €55,553 | +€32,129 | +137.2% |
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 6 October 2026 via checked.be.