MOORSPROJECTS: 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.
MOORSPROJECTS
Largest movements
- Receivables within one year +€24,179
up €24,179 (+62.8%), from €38,516 to €62,694
of which Other amounts receivable: +€15,076
- Cash -€14,630
down €14,630 (-60.5%), from €24,187 to €9,557
mainly Receivables within one year (-€24,179) and Investment in fixed assets (net) (-€9,087)
- Tangible fixed assets -€4,540
down €4,540 (-14.0%), from €32,463 to €27,923
of which Leasing and similar rights: -€5,796
- Stocks and contracts +€1,614
up €1,614 (+25.7%), from €6,274 to €7,888
- Trade debts +€18,739
up €18,739 (+129.7%), from €14,442 to €33,181
- Short-term financial debts -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Debts after one year -€4,938
down €4,938 (-45.1%), from €10,955 to €6,017
- Tax, wage and social debts -€2,132
down €2,132 (-57.4%), from €3,716 to €1,584
- Gross operating margin -€2,855
down €2,855 (-11.1%), from €25,797 to €22,941
- Depreciation -€1,493
down €1,493 (-9.9%), from €15,120 to €13,627
- Taxes +€1,149
up €1,149, from -€33 to €1,117
- Financial income +€277
up €277 (+313.5%), from €88 to €366
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 | €104,149 | €110,802 | +€6,653 | +6.4% |
| Fixed assets | 21/28 | €32,463 | €27,923 | -€4,540 | -14.0% |
| Tangible fixed assets | 22/27 | €32,463 | €27,923 | -€4,540 | -14.0% |
| Plant, machinery and equipment | 23 | €4,853 | €8,261 | +€3,408 | +70.2% |
| Furniture and vehicles | 24 | €11,253 | €9,102 | -€2,151 | -19.1% |
| Leasing and similar rights | 25 | €16,357 | €10,560 | -€5,796 | -35.4% |
| Current assets | 29/58 | €71,686 | €82,879 | +€11,193 | +15.6% |
| Stocks and contracts in progress | 3 | €6,274 | €7,888 | +€1,614 | +25.7% |
| Stocks | 30/36 | €6,274 | €7,888 | +€1,614 | +25.7% |
| Amounts receivable within one year | 40/41 | €38,516 | €62,694 | +€24,179 | +62.8% |
| Trade receivables | 40 | €31,783 | €40,886 | +€9,103 | +28.6% |
| Other amounts receivable | 41 | €6,733 | €21,809 | +€15,076 | +223.9% |
| Cash at bank and in hand | 54/58 | €24,187 | €9,557 | -€14,630 | -60.5% |
| Deferred charges and accrued income | 490/1 | €2,709 | €2,740 | +€31 | +1.1% |
| Total equity and liabilities | 10/49 | €104,149 | €110,802 | +€6,653 | +6.4% |
| Equity | 10/15 | €44,182 | €45,082 | +€900 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,982 | €28,882 | +€900 | +3.2% |
| Amounts payable | 17/49 | €59,967 | €65,720 | +€5,753 | +9.6% |
| Amounts payable after more than one year | 17 | €10,955 | €6,017 | -€4,938 | -45.1% |
| Financial debts | 170/4 | €10,955 | €6,017 | -€4,938 | -45.1% |
| Amounts payable within one year | 42/48 | €49,012 | €59,703 | +€10,691 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €5,853 | €4,938 | -€916 | -15.6% |
| Financial debts | 43 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Credit institutions | 430/8 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Trade debts | 44 | €14,442 | €33,181 | +€18,739 | +129.7% |
| Suppliers | 440/4 | €14,442 | €33,181 | +€18,739 | +129.7% |
| Taxes, remuneration and social security | 45 | €3,716 | €1,584 | -€2,132 | -57.4% |
| Taxes | 450/3 | €3,716 | €1,584 | -€2,132 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,120 | €13,627 | -€1,493 | -9.9% |
| Other operating charges | 640/8 | €2,818 | €2,737 | -€82 | -2.9% |
| Gross operating margin | 9900 | €25,797 | €22,941 | -€2,855 | -11.1% |
| Operating profit (loss) | 9901 | €7,859 | €6,578 | -€1,281 | -16.3% |
| Financial income | 75/76B | €88 | €366 | +€277 | +313.5% |
| Recurring financial income | 75 | €88 | €366 | +€277 | +313.5% |
| Financial charges | 65/66B | €4,681 | €4,927 | +€246 | +5.2% |
| Recurring financial charges | 65 | €4,681 | €4,927 | +€246 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €3,266 | €2,017 | -€1,249 | -38.3% |
| Income taxes | 67/77 | -€33 | €1,117 | +€1,149 | |
| Profit (loss) for the period | 9904 | €3,299 | €900 | -€2,399 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,299 | €900 | -€2,399 | -72.7% |
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 5 October 2026 via checked.be.