MOORSKESHOEVE: 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.
MOORSKESHOEVE
Largest movements
- Tangible fixed assets +€154,114
up €154,114 (+65.4%), from €235,609 to €389,723
of which Land and buildings: +€153,347
- Deferred charges and accrued income -€5,670
down €5,670 (-31.8%), from €17,811 to €12,141
- Debts after one year +€151,725
up €151,725 (+71.6%), from €211,980 to €363,706
of which Financial debts: +€111,056
- Advances received -€9,435
down €9,435 (-97.4%), from €9,685 to €250
- Current portion of long-term debt +€7,448
up €7,448 (+73.5%), from €10,131 to €17,579
- Financial charges +€2,836
up €2,836 (+41.2%), from €6,879 to €9,716
- Gross operating margin +€2,585
up €2,585 (+7.7%), from €33,763 to €36,349
- Other operating charges +€877
up €877 (+63.0%), from €1,391 to €2,268
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 | €281,934 | €427,624 | +€145,689 | +51.7% |
| Fixed assets | 21/28 | €237,668 | €391,182 | +€153,514 | +64.6% |
| Intangible fixed assets | 21 | €2,059 | €1,459 | -€600 | -29.1% |
| Tangible fixed assets | 22/27 | €235,609 | €389,723 | +€154,114 | +65.4% |
| Land and buildings | 22 | €233,738 | €387,086 | +€153,347 | +65.6% |
| Plant, machinery and equipment | 23 | €1,623 | €2,629 | +€1,006 | +62.0% |
| Furniture and vehicles | 24 | €247 | €8 | -€239 | -96.8% |
| Current assets | 29/58 | €44,266 | €36,442 | -€7,825 | -17.7% |
| Stocks and contracts in progress | 3 | €8,671 | €8,671 | = | 0.0% |
| Stocks | 30/36 | €8,671 | €8,671 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,160 | €6,200 | +€40 | +0.6% |
| Trade receivables | 40 | €6,160 | €6,200 | +€40 | +0.6% |
| Cash at bank and in hand | 54/58 | €11,624 | €9,430 | -€2,195 | -18.9% |
| Deferred charges and accrued income | 490/1 | €17,811 | €12,141 | -€5,670 | -31.8% |
| Total equity and liabilities | 10/49 | €281,934 | €427,624 | +€145,689 | +51.7% |
| Equity | 10/15 | €33,231 | €33,475 | +€244 | +0.7% |
| Contributions | 10/11 | €19,275 | €19,275 | = | 0.0% |
| Reserves | 13 | €1,928 | €1,928 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,928 | €1,928 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,928 | €1,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,028 | €12,272 | +€244 | +2.0% |
| Amounts payable | 17/49 | €248,704 | €394,149 | +€145,445 | +58.5% |
| Amounts payable after more than one year | 17 | €211,980 | €363,706 | +€151,725 | +71.6% |
| Financial debts | 170/4 | €194,327 | €305,383 | +€111,056 | +57.1% |
| Other amounts payable | 178/9 | €17,654 | €58,323 | +€40,669 | +230% |
| Amounts payable within one year | 42/48 | €35,349 | €28,138 | -€7,211 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €10,131 | €17,579 | +€7,448 | +73.5% |
| Trade debts | 44 | €7,303 | €5,516 | -€1,787 | -24.5% |
| Suppliers | 440/4 | €7,303 | €5,516 | -€1,787 | -24.5% |
| Advances received on contracts in progress | 46 | €9,685 | €250 | -€9,435 | -97.4% |
| Taxes, remuneration and social security | 45 | €8,229 | €4,577 | -€3,653 | -44.4% |
| Taxes | 450/3 | €8,229 | €4,577 | -€3,653 | -44.4% |
| Other amounts payable | 47/48 | - | €216 | +€216 | |
| Accrued charges and deferred income | 492/3 | €1,374 | €2,305 | +€931 | +67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,824 | €24,122 | +€298 | +1.3% |
| Other operating charges | 640/8 | €1,391 | €2,268 | +€877 | +63.0% |
| Gross operating margin | 9900 | €33,763 | €36,349 | +€2,585 | +7.7% |
| Operating profit (loss) | 9901 | €8,548 | €9,959 | +€1,411 | +16.5% |
| Financial income | 75/76B | €32 | €13 | -€19 | -59.1% |
| Recurring financial income | 75 | €32 | €13 | -€19 | -59.1% |
| Financial charges | 65/66B | €6,879 | €9,716 | +€2,836 | +41.2% |
| Recurring financial charges | 65 | €6,879 | €9,716 | +€2,836 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €1,701 | €257 | -€1,445 | -84.9% |
| Income taxes | 67/77 | €172 | €13 | -€159 | -92.5% |
| Profit (loss) for the period | 9904 | €1,530 | €244 | -€1,286 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,530 | €244 | -€1,286 | -84.1% |
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 26 October 2026 via checked.be.