Moreau&CO: 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.
Moreau&CO
Largest movements
- Cash -€21,366
down €21,366 (-81.3%), from €26,266 to €4,900
mainly Investment in fixed assets (net) (-€38,134) and Debts after one year (-€8,920)
- Tangible fixed assets +€12,794
up €12,794 (+19.4%), from €66,017 to €78,811
of which Plant, machinery and equipment: +€24,759
- Receivables within one year -€6,846
down €6,846 (-17.1%), from €40,070 to €33,224
of which Other amounts receivable: -€14,137
- Debts after one year -€8,920
down €8,920 (-38.5%), from €23,168 to €14,248
- Tax, wage and social debts -€8,117
down €8,117 (-28.5%), from €28,470 to €20,353
of which Taxes: -€4,175
- Advances received +€2,233
up €2,233 (+365%), from €613 to €2,845
- Trade debts -€1,458
down €1,458 (-7.1%), from €20,514 to €19,056
- Gross operating margin +€17,876
up €17,876 (+17.4%), from €102,950 to €120,826
- Staff costs +€12,813
up €12,813 (+16.7%), from €76,825 to €89,639
- Depreciation +€5,279
up €5,279 (+26.3%), from €20,061 to €25,340
- Write-downs +€3,476
new in 2025: €3,476
- Other operating charges -€2,068
down €2,068 (-75.2%), from €2,752 to €684
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 | €139,890 | €124,777 | -€15,113 | -10.8% |
| Fixed assets | 21/28 | €70,217 | €83,011 | +€12,794 | +18.2% |
| Tangible fixed assets | 22/27 | €66,017 | €78,811 | +€12,794 | +19.4% |
| Plant, machinery and equipment | 23 | €28,779 | €53,538 | +€24,759 | +86.0% |
| Furniture and vehicles | 24 | €6,014 | €3,085 | -€2,929 | -48.7% |
| Leasing and similar rights | 25 | €30,633 | €21,912 | -€8,722 | -28.5% |
| Other tangible fixed assets | 26 | €592 | €277 | -€315 | -53.2% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €69,673 | €41,766 | -€27,907 | -40.1% |
| Amounts receivable within one year | 40/41 | €40,070 | €33,224 | -€6,846 | -17.1% |
| Trade receivables | 40 | €22,141 | €29,432 | +€7,291 | +32.9% |
| Other amounts receivable | 41 | €17,929 | €3,792 | -€14,137 | -78.8% |
| Cash at bank and in hand | 54/58 | €26,266 | €4,900 | -€21,366 | -81.3% |
| Deferred charges and accrued income | 490/1 | €3,337 | €3,642 | +€306 | +9.2% |
| Total equity and liabilities | 10/49 | €139,890 | €124,777 | -€15,113 | -10.8% |
| Equity | 10/15 | €58,641 | €59,355 | +€713 | +1.2% |
| Contributions | 10/11 | €9,560 | €9,560 | = | 0.0% |
| Reserves | 13 | €25,500 | €25,500 | = | 0.0% |
| Distributable reserves | 133 | €25,500 | €25,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,581 | €24,295 | +€713 | +3.0% |
| Amounts payable | 17/49 | €81,249 | €65,422 | -€15,826 | -19.5% |
| Amounts payable after more than one year | 17 | €23,168 | €14,248 | -€8,920 | -38.5% |
| Financial debts | 170/4 | €23,168 | €14,248 | -€8,920 | -38.5% |
| Amounts payable within one year | 42/48 | €58,081 | €51,175 | -€6,906 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €8,484 | €8,920 | +€436 | +5.1% |
| Trade debts | 44 | €20,514 | €19,056 | -€1,458 | -7.1% |
| Suppliers | 440/4 | €20,514 | €19,056 | -€1,458 | -7.1% |
| Advances received on contracts in progress | 46 | €613 | €2,845 | +€2,233 | +365% |
| Taxes, remuneration and social security | 45 | €28,470 | €20,353 | -€8,117 | -28.5% |
| Taxes | 450/3 | €10,174 | €5,999 | -€4,175 | -41.0% |
| Remuneration and social security | 454/9 | €18,296 | €14,355 | -€3,942 | -21.5% |
| Non-recurring operating income | 76A | - | €1,735 | +€1,735 | |
| Remuneration, social security and pensions | 62 | €76,825 | €89,639 | +€12,813 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,061 | €25,340 | +€5,279 | +26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,476 | +€3,476 | |
| Other operating charges | 640/8 | €2,752 | €684 | -€2,068 | -75.2% |
| Gross operating margin | 9900 | €102,950 | €120,826 | +€17,876 | +17.4% |
| Operating profit (loss) | 9901 | €3,311 | €1,688 | -€1,624 | -49.0% |
| Financial income | 75/76B | €189 | €645 | +€456 | +241% |
| Recurring financial income | 75 | €189 | €645 | +€456 | +241% |
| Financial charges | 65/66B | €2,000 | €1,620 | -€380 | -19.0% |
| Recurring financial charges | 65 | €2,000 | €1,620 | -€380 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €1,501 | €713 | -€787 | -52.5% |
| Income taxes | 67/77 | €1,376 | - | -€1,376 | |
| Profit (loss) for the period | 9904 | €125 | €713 | +€589 | +472% |
| Profit (loss) for the period to be appropriated | 9905 | €125 | €713 | +€589 | +472% |
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.