MORITZ: 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.
MORITZ
Largest movements
- Tangible fixed assets +€83,766
up €83,766 (+248.2%), from €33,746 to €117,512
of which Land and buildings: +€71,031
- Receivables within one year +€13,106
up €13,106 (+795.2%), from €1,648 to €14,754
of which Trade receivables: +€12,827
- Debts after one year +€64,883
up €64,883 (+1841.9%), from €3,523 to €68,405
- Other debts +€54,104
up €54,104 (+8225.8%), from €658 to €54,761
- Reserves -€32,175
down €32,175 (-100.0%), from €32,175 to €0
- Current portion of long-term debt +€6,927
up €6,927 (+208.0%), from €3,330 to €10,257
- Tax, wage and social debts +€1,763
up €1,763 (+37.5%), from €4,700 to €6,463
- Gross operating margin +€23,076
up €23,076 (+115.2%), from €20,039 to €43,115
- Depreciation +€9,529
up €9,529 (+387.5%), from €2,459 to €11,988
- Staff costs -€4,025
down €4,025 (-89.3%), from €4,505 to €480
- Taxes +€2,173
up €2,173 (+70.2%), from €3,097 to €5,270
- Financial charges +€1,983
up €1,983 (+57.7%), from €3,435 to €5,419
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 | €47,389 | €142,886 | +€95,497 | +201.5% |
| Fixed assets | 21/28 | €33,746 | €117,512 | +€83,766 | +248.2% |
| Tangible fixed assets | 22/27 | €33,746 | €117,512 | +€83,766 | +248.2% |
| Land and buildings | 22 | €15,486 | €86,516 | +€71,031 | +458.7% |
| Plant, machinery and equipment | 23 | €73 | €0 | -€73 | -100.0% |
| Furniture and vehicles | 24 | €12,749 | €25,558 | +€12,809 | +100.5% |
| Other tangible fixed assets | 26 | €5,438 | €5,438 | = | 0.0% |
| Current assets | 29/58 | €13,644 | €25,374 | +€11,731 | +86.0% |
| Amounts receivable within one year | 40/41 | €1,648 | €14,754 | +€13,106 | +795.2% |
| Trade receivables | 40 | €345 | €13,172 | +€12,827 | +3716.9% |
| Other amounts receivable | 41 | €1,303 | €1,583 | +€280 | +21.5% |
| Cash at bank and in hand | 54/58 | €11,062 | €9,752 | -€1,310 | -11.8% |
| Deferred charges and accrued income | 490/1 | €934 | €869 | -€65 | -7.0% |
| Total equity and liabilities | 10/49 | €47,389 | €142,886 | +€95,497 | +201.5% |
| Equity | 10/15 | €35,175 | €3,000 | -€32,175 | -91.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,175 | €0 | -€32,175 | -100.0% |
| Distributable reserves | 133 | €32,175 | €0 | -€32,175 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,215 | €139,886 | +€127,671 | +1045.2% |
| Amounts payable after more than one year | 17 | €3,523 | €68,405 | +€64,883 | +1841.9% |
| Financial debts | 170/4 | €3,523 | €68,405 | +€64,883 | +1841.9% |
| Amounts payable within one year | 42/48 | €8,692 | €71,481 | +€62,789 | +722.3% |
| Current portion of amounts payable after more than one year | 42 | €3,330 | €10,257 | +€6,927 | +208.0% |
| Trade debts | 44 | €5 | €0 | -€5 | -100.0% |
| Suppliers | 440/4 | €5 | €0 | -€5 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,700 | €6,463 | +€1,763 | +37.5% |
| Taxes | 450/3 | €4,700 | €6,463 | +€1,763 | +37.5% |
| Other amounts payable | 47/48 | €658 | €54,761 | +€54,104 | +8225.8% |
| Non-recurring operating income | 76A | - | €1,055 | +€1,055 | |
| Remuneration, social security and pensions | 62 | €4,505 | €480 | -€4,025 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,459 | €11,988 | +€9,529 | +387.5% |
| Other operating charges | 640/8 | €439 | €816 | +€377 | +85.9% |
| Gross operating margin | 9900 | €20,039 | €43,115 | +€23,076 | +115.2% |
| Operating profit (loss) | 9901 | €12,636 | €29,830 | +€17,195 | +136.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,435 | €5,419 | +€1,983 | +57.7% |
| Recurring financial charges | 65 | €3,435 | €5,419 | +€1,983 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €9,200 | €24,412 | +€15,211 | +165.3% |
| Income taxes | 67/77 | €3,097 | €5,270 | +€2,173 | +70.2% |
| Profit (loss) for the period | 9904 | €6,103 | €19,141 | +€13,038 | +213.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,103 | €19,141 | +€13,038 | +213.6% |
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 30 September 2026 via checked.be.