MOOSE-STACHE: 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.
MOOSE-STACHE
Largest movements
- Tangible fixed assets -€74,276
down €74,276 (-7.5%), from €994,190 to €919,914
of which Land and buildings: -€50,170
- Receivables within one year -€30,702
down €30,702 (-13.4%), from €228,386 to €197,684
of which Other amounts receivable: -€22,065
- Stocks and contracts +€22,781
up €22,781 (+56.3%), from €40,464 to €63,244
of which Contracts in progress: +€23,079
- Debts after one year -€55,910
down €55,910 (-6.5%), from €853,887 to €797,977
of which Financial debts: -€55,910
- Profit (loss) carried forward -€50,649
down €50,649 (-51.0%), from -€99,393 to -€150,041
- Tax, wage and social debts +€17,569
up €17,569 (+20.7%), from €84,736 to €102,305
of which Taxes: +€22,026
- Trade debts +€15,801
up €15,801 (+42.2%), from €37,408 to €53,209
- Gross operating margin -€110,157
down €110,157 (-22.0%), from €501,714 to €391,557
- Depreciation -€13,233
down €13,233 (-8.8%), from €151,103 to €137,870
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 | €1,294,678 | €1,222,042 | -€72,637 | -5.6% |
| Fixed assets | 21/28 | €994,502 | €920,226 | -€74,276 | -7.5% |
| Tangible fixed assets | 22/27 | €994,190 | €919,914 | -€74,276 | -7.5% |
| Land and buildings | 22 | €929,228 | €879,057 | -€50,170 | -5.4% |
| Plant, machinery and equipment | 23 | €29,866 | €28,824 | -€1,042 | -3.5% |
| Furniture and vehicles | 24 | €35,096 | €12,032 | -€23,064 | -65.7% |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €300,177 | €301,816 | +€1,639 | +0.5% |
| Stocks and contracts in progress | 3 | €40,464 | €63,244 | +€22,781 | +56.3% |
| Stocks | 30/36 | €843 | €544 | -€299 | -35.4% |
| Contracts in progress | 37 | €39,621 | €62,700 | +€23,079 | +58.3% |
| Amounts receivable within one year | 40/41 | €228,386 | €197,684 | -€30,702 | -13.4% |
| Trade receivables | 40 | €195,525 | €186,888 | -€8,637 | -4.4% |
| Other amounts receivable | 41 | €32,861 | €10,796 | -€22,065 | -67.1% |
| Cash at bank and in hand | 54/58 | €31,327 | €40,887 | +€9,560 | +30.5% |
| Total equity and liabilities | 10/49 | €1,294,678 | €1,222,042 | -€72,637 | -5.6% |
| Equity | 10/15 | €93,960 | €43,312 | -€50,649 | -53.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €168,353 | €168,353 | = | 0.0% |
| Distributable reserves | 133 | €168,353 | €168,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,393 | -€150,041 | -€50,649 | -51.0% |
| Amounts payable | 17/49 | €1,200,718 | €1,178,730 | -€21,988 | -1.8% |
| Amounts payable after more than one year | 17 | €853,887 | €797,977 | -€55,910 | -6.5% |
| Financial debts | 170/4 | €803,887 | €747,977 | -€55,910 | -7.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €346,831 | €380,753 | +€33,922 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €63,100 | €61,470 | -€1,630 | -2.6% |
| Trade debts | 44 | €37,408 | €53,209 | +€15,801 | +42.2% |
| Suppliers | 440/4 | €37,408 | €53,209 | +€15,801 | +42.2% |
| Taxes, remuneration and social security | 45 | €84,736 | €102,305 | +€17,569 | +20.7% |
| Taxes | 450/3 | €30,571 | €52,597 | +€22,026 | +72.0% |
| Remuneration and social security | 454/9 | €54,165 | €49,708 | -€4,457 | -8.2% |
| Other amounts payable | 47/48 | €161,587 | €163,769 | +€2,182 | +1.4% |
| Remuneration, social security and pensions | 62 | €269,289 | €271,567 | +€2,278 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,103 | €137,870 | -€13,233 | -8.8% |
| Other operating charges | 640/8 | €15,157 | €11,096 | -€4,061 | -26.8% |
| Non-recurring operating charges | 66A | - | €5,248 | +€5,248 | |
| Gross operating margin | 9900 | €501,714 | €391,557 | -€110,157 | -22.0% |
| Operating profit (loss) | 9901 | €66,165 | -€34,225 | -€100,389 | |
| Financial charges | 65/66B | €18,527 | €16,292 | -€2,235 | -12.1% |
| Recurring financial charges | 65 | €18,527 | €16,292 | -€2,235 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €47,638 | -€50,517 | -€98,155 | |
| Income taxes | 67/77 | €139 | €132 | -€7 | -4.8% |
| Profit (loss) for the period | 9904 | €47,499 | -€50,649 | -€98,148 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,499 | -€50,649 | -€98,148 |
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 23 October 2026 via checked.be.