Moose Projects: 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.
Moose Projects
Largest movements
- Receivables within one year -€212,985
down €212,985 (-24.8%), from €857,831 to €644,845
of which Trade receivables: -€317,514
- Cash +€206,895
up €206,895 (+1270.2%), from €16,288 to €223,183
mainly Receivables within one year (+€212,985) and Net result for the year (+€97,154)
- Tangible fixed assets -€19,061
down €19,061 (-33.4%), from €57,069 to €38,007
of which Furniture and vehicles: -€16,152
- Deferred charges and accrued income +€18,076
up €18,076 (+137.6%), from €13,134 to €31,210
- Financial fixed assets -€10,250
down €10,250 (-67.4%), from €15,200 to €4,950
- Reserves +€97,154
up €97,154 (+36.9%), from €263,568 to €360,723
- Current portion of long-term debt -€88,901
down €88,901 (-90.0%), from €98,801 to €9,900
- Trade debts -€51,039
down €51,039 (-15.4%), from €332,376 to €281,337
- Short-term financial debts +€50,431
new in 2025: €50,431
- Debts after one year -€10,439
down €10,439 (-58.0%), from €18,004 to €7,565
- Gross operating margin -€361,681
down €361,681 (-68.6%), from €526,992 to €165,311
- Taxes -€70,045
down €70,045 (-67.3%), from €104,111 to €34,066
- Staff costs -€48,114
down €48,114 (-87.6%), from €54,949 to €6,836
- Financial charges -€15,158
down €15,158 (-54.8%), from €27,644 to €12,485
of which Non-recurring financial charges: -€12,532
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 | €959,521 | €942,195 | -€17,326 | -1.8% |
| Fixed assets | 21/28 | €72,269 | €42,957 | -€29,311 | -40.6% |
| Tangible fixed assets | 22/27 | €57,069 | €38,007 | -€19,061 | -33.4% |
| Plant, machinery and equipment | 23 | €10,931 | €14,050 | +€3,119 | +28.5% |
| Furniture and vehicles | 24 | €21,230 | €5,077 | -€16,152 | -76.1% |
| Leasing and similar rights | 25 | €24,909 | €18,880 | -€6,029 | -24.2% |
| Financial fixed assets | 28 | €15,200 | €4,950 | -€10,250 | -67.4% |
| Current assets | 29/58 | €887,252 | €899,238 | +€11,985 | +1.4% |
| Amounts receivable within one year | 40/41 | €857,831 | €644,845 | -€212,985 | -24.8% |
| Trade receivables | 40 | €810,951 | €493,437 | -€317,514 | -39.2% |
| Other amounts receivable | 41 | €46,879 | €151,408 | +€104,529 | +223.0% |
| Cash at bank and in hand | 54/58 | €16,288 | €223,183 | +€206,895 | +1270.2% |
| Deferred charges and accrued income | 490/1 | €13,134 | €31,210 | +€18,076 | +137.6% |
| Total equity and liabilities | 10/49 | €959,521 | €942,195 | -€17,326 | -1.8% |
| Equity | 10/15 | €268,568 | €365,723 | +€97,154 | +36.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €263,568 | €360,723 | +€97,154 | +36.9% |
| Distributable reserves | 133 | €263,568 | €360,723 | +€97,154 | +36.9% |
| Amounts payable | 17/49 | €690,953 | €576,472 | -€114,480 | -16.6% |
| Amounts payable after more than one year | 17 | €18,004 | €7,565 | -€10,439 | -58.0% |
| Financial debts | 170/4 | €18,004 | €7,565 | -€10,439 | -58.0% |
| Amounts payable within one year | 42/48 | €672,949 | €568,907 | -€104,041 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €98,801 | €9,900 | -€88,901 | -90.0% |
| Financial debts | 43 | - | €50,431 | +€50,431 | |
| Credit institutions | 430/8 | - | €50,431 | +€50,431 | |
| Trade debts | 44 | €332,376 | €281,337 | -€51,039 | -15.4% |
| Suppliers | 440/4 | €332,376 | €281,337 | -€51,039 | -15.4% |
| Taxes, remuneration and social security | 45 | €81,772 | €72,531 | -€9,241 | -11.3% |
| Taxes | 450/3 | €81,772 | €72,531 | -€9,241 | -11.3% |
| Other amounts payable | 47/48 | €160,000 | €154,709 | -€5,291 | -3.3% |
| Non-recurring operating income | 76A | €4,794 | €5,934 | +€1,140 | +23.8% |
| Remuneration, social security and pensions | 62 | €54,949 | €6,836 | -€48,114 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,604 | €11,606 | -€2,998 | -20.5% |
| Other operating charges | 640/8 | €2,676 | €3,385 | +€709 | +26.5% |
| Non-recurring operating charges | 66A | - | €943 | +€943 | |
| Gross operating margin | 9900 | €526,992 | €165,311 | -€361,681 | -68.6% |
| Operating profit (loss) | 9901 | €454,764 | €142,542 | -€312,221 | -68.7% |
| Financial income | 75/76B | €132 | €1,163 | +€1,032 | +783.5% |
| Recurring financial income | 75 | €132 | €1,163 | +€1,032 | +783.5% |
| Financial charges | 65/66B | €27,644 | €12,485 | -€15,158 | -54.8% |
| Recurring financial charges | 65 | €15,112 | €12,485 | -€2,626 | -17.4% |
| Non-recurring financial charges | 66B | €12,532 | - | -€12,532 | |
| Profit (loss) for the period before taxes | 9903 | €427,252 | €131,220 | -€296,031 | -69.3% |
| Income taxes | 67/77 | €104,111 | €34,066 | -€70,045 | -67.3% |
| Profit (loss) for the period | 9904 | €323,141 | €97,154 | -€225,986 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €323,141 | €97,154 | -€225,986 | -69.9% |
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.