MOORS DRIES: 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.
MOORS DRIES
Largest movements
- Cash -€43,554
down €43,554 (-44.8%), from €97,199 to €53,644
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€31,057)
- Receivables within one year +€31,057
up €31,057 (+110%), from €28,211 to €59,268
of which Trade receivables: +€37,731
- Tangible fixed assets -€28,224
down €28,224 (-11.6%), from €244,116 to €215,892
of which Plant, machinery and equipment: -€14,488
- Reserves -€43,143
down €43,143 (-38.6%), from €111,749 to €68,606
- Trade debts +€13,003
up €13,003 (+168%), from €7,742 to €20,745
- Debts after one year -€10,591
down €10,591 (-9.1%), from €116,913 to €106,321
- Tax, wage and social debts +€9,020
up €9,020 (+270%), from €3,343 to €12,363
of which Taxes: +€8,996
- Other debts -€8,079
down €8,079 (-7.3%), from €110,362 to €102,283
- Gross operating margin +€6,502
up €6,502 (+6.1%), from €106,758 to €113,260
- Staff costs +€4,584
new in 2025: €4,584
- Taxes +€1,770
up €1,770 (+11.9%), from €14,857 to €16,627
- Depreciation -€1,219
down €1,219 (-4.1%), from €29,443 to €28,224
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 | €373,421 | €332,766 | -€40,655 | -10.9% |
| Fixed assets | 21/28 | €244,116 | €215,892 | -€28,224 | -11.6% |
| Tangible fixed assets | 22/27 | €244,116 | €215,892 | -€28,224 | -11.6% |
| Land and buildings | 22 | €185,330 | €172,478 | -€12,852 | -6.9% |
| Plant, machinery and equipment | 23 | €56,421 | €41,933 | -€14,488 | -25.7% |
| Furniture and vehicles | 24 | €2,365 | €1,481 | -€884 | -37.4% |
| Current assets | 29/58 | €129,305 | €116,875 | -€12,430 | -9.6% |
| Amounts receivable within one year | 40/41 | €28,211 | €59,268 | +€31,057 | +110% |
| Trade receivables | 40 | €21,502 | €59,233 | +€37,731 | +175% |
| Other amounts receivable | 41 | €6,709 | €35 | -€6,674 | -99.5% |
| Cash at bank and in hand | 54/58 | €97,199 | €53,644 | -€43,554 | -44.8% |
| Deferred charges and accrued income | 490/1 | €3,896 | €3,963 | +€67 | +1.7% |
| Total equity and liabilities | 10/49 | €373,421 | €332,766 | -€40,655 | -10.9% |
| Equity | 10/15 | €121,749 | €78,606 | -€43,143 | -35.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €111,749 | €68,606 | -€43,143 | -38.6% |
| Distributable reserves | 133 | €111,749 | €68,606 | -€43,143 | -38.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €251,672 | €254,160 | +€2,488 | +1.0% |
| Amounts payable after more than one year | 17 | €116,913 | €106,321 | -€10,591 | -9.1% |
| Financial debts | 170/4 | €116,913 | €106,321 | -€10,591 | -9.1% |
| Amounts payable within one year | 42/48 | €131,873 | €145,983 | +€14,110 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €10,425 | €10,591 | +€166 | +1.6% |
| Trade debts | 44 | €7,742 | €20,745 | +€13,003 | +168% |
| Suppliers | 440/4 | €7,742 | €20,745 | +€13,003 | +168% |
| Taxes, remuneration and social security | 45 | €3,343 | €12,363 | +€9,020 | +270% |
| Taxes | 450/3 | €3,343 | €12,339 | +€8,996 | +269% |
| Remuneration and social security | 454/9 | - | €24 | +€24 | |
| Other amounts payable | 47/48 | €110,362 | €102,283 | -€8,079 | -7.3% |
| Accrued charges and deferred income | 492/3 | €2,886 | €1,856 | -€1,030 | -35.7% |
| Non-recurring operating income | 76A | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | - | €4,584 | +€4,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,443 | €28,224 | -€1,219 | -4.1% |
| Other operating charges | 640/8 | €2,110 | €1,998 | -€112 | -5.3% |
| Gross operating margin | 9900 | €106,758 | €113,260 | +€6,502 | +6.1% |
| Operating profit (loss) | 9901 | €75,204 | €78,454 | +€3,249 | +4.3% |
| Financial income | 75/76B | €261 | €6 | -€255 | -97.7% |
| Recurring financial income | 75 | €261 | €6 | -€255 | -97.7% |
| Financial charges | 65/66B | €5,474 | €4,976 | -€498 | -9.1% |
| Recurring financial charges | 65 | €5,474 | €4,976 | -€498 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €69,991 | €73,484 | +€3,493 | +5.0% |
| Income taxes | 67/77 | €14,857 | €16,627 | +€1,770 | +11.9% |
| Profit (loss) for the period | 9904 | €55,134 | €56,857 | +€1,723 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,134 | €56,857 | +€1,723 | +3.1% |
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 30 October 2026 via checked.be.