MOXHET & WITMEUR: 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.
MOXHET & WITMEUR
Largest movements
- Intangible fixed assets -€32,157
down €32,157 (-10.9%), from €293,880 to €261,723
- Cash +€22,136
up €22,136 (+63.2%), from €35,051 to €57,188
mainly Depreciation (+€37,051) and Net result for the year (+€33,351)
- Receivables within one year +€9,923
up €9,923 (+20.3%), from €48,848 to €58,771
of which Other amounts receivable: +€9,295
- Debts after one year -€33,259
down €33,259 (-13.1%), from €253,769 to €220,510
- Accrued charges and deferred income +€27,000
new in 2025: €27,000
- Other debts +€6,000
up €6,000 (+25.0%), from €24,000 to €30,000
- Gross operating margin -€15,951
down €15,951 (-7.1%), from €223,826 to €207,875
- Taxes -€6,215
down €6,215 (-63.3%), from €9,818 to €3,604
- Staff costs +€2,592
up €2,592 (+2.2%), from €117,873 to €120,465
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 | €389,785 | €393,999 | +€4,214 | +1.1% |
| Fixed assets | 21/28 | €300,619 | €272,045 | -€28,574 | -9.5% |
| Intangible fixed assets | 21 | €293,880 | €261,723 | -€32,157 | -10.9% |
| Tangible fixed assets | 22/27 | €6,739 | €10,322 | +€3,583 | +53.2% |
| Plant, machinery and equipment | 23 | €4,985 | €9,160 | +€4,175 | +83.8% |
| Furniture and vehicles | 24 | €267 | €189 | -€78 | -29.2% |
| Other tangible fixed assets | 26 | €1,487 | €973 | -€514 | -34.6% |
| Current assets | 29/58 | €89,166 | €121,954 | +€32,788 | +36.8% |
| Amounts receivable within one year | 40/41 | €48,848 | €58,771 | +€9,923 | +20.3% |
| Trade receivables | 40 | €43,399 | €44,026 | +€627 | +1.4% |
| Other amounts receivable | 41 | €5,449 | €14,744 | +€9,295 | +171% |
| Cash at bank and in hand | 54/58 | €35,051 | €57,188 | +€22,136 | +63.2% |
| Deferred charges and accrued income | 490/1 | €5,267 | €5,996 | +€729 | +13.8% |
| Total equity and liabilities | 10/49 | €389,785 | €393,999 | +€4,214 | +1.1% |
| Equity | 10/15 | €55,683 | €59,034 | +€3,351 | +6.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,683 | €29,034 | +€3,351 | +13.0% |
| Amounts payable | 17/49 | €334,102 | €334,966 | +€863 | +0.3% |
| Amounts payable after more than one year | 17 | €253,769 | €220,510 | -€33,259 | -13.1% |
| Financial debts | 170/4 | €253,769 | €220,510 | -€33,259 | -13.1% |
| Amounts payable within one year | 42/48 | €80,333 | €87,456 | +€7,123 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €31,938 | €33,259 | +€1,321 | +4.1% |
| Trade debts | 44 | €1,802 | €1,317 | -€484 | -26.9% |
| Suppliers | 440/4 | €1,802 | €1,317 | -€484 | -26.9% |
| Taxes, remuneration and social security | 45 | €22,593 | €22,879 | +€285 | +1.3% |
| Taxes | 450/3 | €6,027 | €6,024 | -€3 | 0.0% |
| Remuneration and social security | 454/9 | €16,567 | €16,855 | +€288 | +1.7% |
| Other amounts payable | 47/48 | €24,000 | €30,000 | +€6,000 | +25.0% |
| Accrued charges and deferred income | 492/3 | - | €27,000 | +€27,000 | |
| Remuneration, social security and pensions | 62 | €117,873 | €120,465 | +€2,592 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,970 | €37,051 | +€80 | +0.2% |
| Other operating charges | 640/8 | €1,530 | €1,791 | +€262 | +17.1% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €223,826 | €207,875 | -€15,951 | -7.1% |
| Operating profit (loss) | 9901 | €67,453 | €48,568 | -€18,885 | -28.0% |
| Financial income | 75/76B | €111 | €270 | +€160 | +144% |
| Recurring financial income | 75 | €111 | €270 | +€160 | +144% |
| Financial charges | 65/66B | €13,063 | €11,883 | -€1,180 | -9.0% |
| Recurring financial charges | 65 | €13,063 | €11,883 | -€1,180 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €54,500 | €36,955 | -€17,546 | -32.2% |
| Income taxes | 67/77 | €9,818 | €3,604 | -€6,215 | -63.3% |
| Profit (loss) for the period | 9904 | €44,682 | €33,351 | -€11,331 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,682 | €33,351 | -€11,331 | -25.4% |
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 25 October 2026 via checked.be.