MOORTGAT ADVIES: what changed
MOORTGAT ADVIES
Largest movements
- Cash +€5,668
up €5,668 (+2.2%), from €256,090 to €261,758
mainly Net result for the year (+€22,196) and Depreciation (+€5,909)
- Receivables within one year +€3,940
up €3,940 (+13.1%), from €30,008 to €33,948
of which Trade receivables: +€3,933
- Reserves +€22,196
up €22,196 (+8.3%), from €268,850 to €291,046
of which Distributable reserves: +€22,196
- Other debts -€14,294
down €14,294 (-94.6%), from €15,116 to €822
- Trade debts -€4,045
down €4,045 (-78.4%), from €5,159 to €1,114
- Gross operating margin +€9,164
up €9,164 (+30.3%), from €30,218 to €39,382
- Financial income -€2,932
down €2,932 (-85.5%), from €3,431 to €499
- Financial charges +€679
up €679 (+274%), from €248 to €927
- Taxes +€497
up €497 (+5.4%), from €9,194 to €9,690
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,195 | €326,853 | +€5,658 | +1.8% |
| Fixed assets | 21/28 | €32,773 | €29,922 | -€2,851 | -8.7% |
| Tangible fixed assets | 22/27 | €32,773 | €29,922 | -€2,851 | -8.7% |
| Land and buildings | 22 | €25,281 | €22,174 | -€3,108 | -12.3% |
| Plant, machinery and equipment | 23 | €5,222 | €6,135 | +€913 | +17.5% |
| Furniture and vehicles | 24 | €2,270 | €1,614 | -€656 | -28.9% |
| Current assets | 29/58 | €288,422 | €296,931 | +€8,509 | +3.0% |
| Amounts receivable within one year | 40/41 | €30,008 | €33,948 | +€3,940 | +13.1% |
| Trade receivables | 40 | €30,008 | €33,941 | +€3,933 | +13.1% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €256,090 | €261,758 | +€5,668 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,324 | €1,225 | -€1,099 | -47.3% |
| Total equity and liabilities | 10/49 | €321,195 | €326,853 | +€5,658 | +1.8% |
| Equity | 10/15 | €293,850 | €316,046 | +€22,196 | +7.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €268,850 | €291,046 | +€22,196 | +8.3% |
| Tax-exempt reserves | 132 | €91 | €91 | = | 0.0% |
| Distributable reserves | 133 | €268,759 | €290,955 | +€22,196 | +8.3% |
| Amounts payable | 17/49 | €27,345 | €10,807 | -€16,538 | -60.5% |
| Amounts payable within one year | 42/48 | €27,183 | €10,807 | -€16,376 | -60.2% |
| Trade debts | 44 | €5,159 | €1,114 | -€4,045 | -78.4% |
| Suppliers | 440/4 | €5,159 | €1,114 | -€4,045 | -78.4% |
| Taxes, remuneration and social security | 45 | €6,908 | €8,872 | +€1,963 | +28.4% |
| Taxes | 450/3 | €6,908 | €8,872 | +€1,963 | +28.4% |
| Other amounts payable | 47/48 | €15,116 | €822 | -€14,294 | -94.6% |
| Accrued charges and deferred income | 492/3 | €163 | - | -€163 | |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,916 | €5,909 | -€6 | -0.1% |
| Other operating charges | 640/8 | €1,413 | €1,157 | -€255 | -18.1% |
| Gross operating margin | 9900 | €30,218 | €39,382 | +€9,164 | +30.3% |
| Operating profit (loss) | 9901 | €22,890 | €32,315 | +€9,426 | +41.2% |
| Financial income | 75/76B | €3,431 | €499 | -€2,932 | -85.5% |
| Recurring financial income | 75 | €3,431 | €499 | -€2,932 | -85.5% |
| Financial charges | 65/66B | €248 | €927 | +€679 | +274% |
| Recurring financial charges | 65 | €248 | €927 | +€679 | +274% |
| Profit (loss) for the period before taxes | 9903 | €26,072 | €31,887 | +€5,814 | +22.3% |
| Income taxes | 67/77 | €9,194 | €9,690 | +€497 | +5.4% |
| Profit (loss) for the period | 9904 | €16,879 | €22,196 | +€5,318 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,879 | €22,196 | +€5,318 | +31.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.