Moortgat Management: 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.
Moortgat Management
Largest movements
- Receivables within one year -€38,390
down €38,390 (-22.1%), from €173,320 to €134,930
of which Other amounts receivable: -€63,326
- Cash +€28,386
up €28,386 (+32.0%), from €88,688 to €117,074
mainly Net result for the year (+€124,707) and Receivables within one year (+€38,390)
- Other debts -€6,588
down €6,588 (-5.0%), from €131,294 to €124,707
- Tax, wage and social debts -€5,616
down €5,616 (-5.5%), from €102,048 to €96,432
- Financial income -€12,721
down €12,721 (-49.2%), from €25,840 to €13,119
- Gross operating margin +€5,621
up €5,621 (+3.5%), from €159,555 to €165,176
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 | €310,667 | €295,854 | -€14,813 | -4.8% |
| Fixed assets | 21/28 | €39,463 | €37,636 | -€1,826 | -4.6% |
| Tangible fixed assets | 22/27 | €11,213 | €9,386 | -€1,826 | -16.3% |
| Plant, machinery and equipment | 23 | €1,349 | €4,727 | +€3,377 | +250% |
| Furniture and vehicles | 24 | €8,088 | €3,772 | -€4,316 | -53.4% |
| Other tangible fixed assets | 26 | €1,776 | €888 | -€888 | -50.0% |
| Financial fixed assets | 28 | €28,250 | €28,250 | = | 0.0% |
| Current assets | 29/58 | €271,204 | €258,218 | -€12,987 | -4.8% |
| Amounts receivable within one year | 40/41 | €173,320 | €134,930 | -€38,390 | -22.1% |
| Trade receivables | 40 | €37,848 | €62,783 | +€24,936 | +65.9% |
| Other amounts receivable | 41 | €135,473 | €72,147 | -€63,326 | -46.7% |
| Cash at bank and in hand | 54/58 | €88,688 | €117,074 | +€28,386 | +32.0% |
| Deferred charges and accrued income | 490/1 | €9,196 | €6,214 | -€2,983 | -32.4% |
| Total equity and liabilities | 10/49 | €310,667 | €295,854 | -€14,813 | -4.8% |
| Equity | 10/15 | €70,609 | €70,609 | = | 0.0% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €69,009 | €69,009 | = | 0.0% |
| Distributable reserves | 133 | €69,009 | €69,009 | = | 0.0% |
| Amounts payable | 17/49 | €240,058 | €225,245 | -€14,813 | -6.2% |
| Amounts payable within one year | 42/48 | €240,058 | €225,245 | -€14,813 | -6.2% |
| Trade debts | 44 | €6,715 | €4,106 | -€2,610 | -38.9% |
| Suppliers | 440/4 | €6,715 | €4,106 | -€2,610 | -38.9% |
| Taxes, remuneration and social security | 45 | €102,048 | €96,432 | -€5,616 | -5.5% |
| Taxes | 450/3 | €102,048 | €96,432 | -€5,616 | -5.5% |
| Other amounts payable | 47/48 | €131,294 | €124,707 | -€6,588 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,203 | €6,574 | -€629 | -8.7% |
| Other operating charges | 640/8 | €993 | €1,445 | +€451 | +45.4% |
| Gross operating margin | 9900 | €159,555 | €165,176 | +€5,621 | +3.5% |
| Operating profit (loss) | 9901 | €151,359 | €157,157 | +€5,799 | +3.8% |
| Financial income | 75/76B | €25,840 | €13,119 | -€12,721 | -49.2% |
| Recurring financial income | 75 | €25,840 | €13,119 | -€12,721 | -49.2% |
| Financial charges | 65/66B | €3,098 | €1,916 | -€1,182 | -38.2% |
| Recurring financial charges | 65 | €3,098 | €1,916 | -€1,182 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €174,101 | €168,361 | -€5,740 | -3.3% |
| Income taxes | 67/77 | €42,807 | €43,654 | +€847 | +2.0% |
| Profit (loss) for the period | 9904 | €131,294 | €124,707 | -€6,588 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €131,294 | €124,707 | -€6,588 | -5.0% |
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 16 October 2026 via checked.be.