MOY: 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.
MOY
Largest movements
- Cash +€70,280
up €70,280 (+2,508%), from €2,802 to €73,082
mainly Net result for the year (+€83,613) and Depreciation (+€55,509)
- Receivables after one year -€43,128
down €43,128 (-10.0%), from €432,600 to €389,472
- Tangible fixed assets -€36,009
down €36,009 (-4.4%), from €812,150 to €776,141
- Intangible fixed assets -€19,500
down €19,500 (-50.0%), from €39,000 to €19,500
- Debts after one year -€110,672
down €110,672 (-9.3%), from €1.2m to €1.1m
- Profit (loss) carried forward +€83,613
up €83,613 (+73.1%), from -€114,359 to -€30,746
- Gross operating margin +€58,710
up €58,710 (+57.1%), from €102,763 to €161,472
- Other operating charges -€15,287
down €15,287 (-71.7%), from €21,322 to €6,035
- Financial charges -€15,069
down €15,069 (-44.9%), from €33,531 to €18,462
of which Non-recurring financial charges: -€13,446
- Financial income -€4,274
down €4,274 (-66.6%), from €6,420 to €2,146
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 | €1,329,075 | €1,306,454 | -€22,621 | -1.7% |
| Fixed assets | 21/28 | €851,150 | €795,641 | -€55,509 | -6.5% |
| Intangible fixed assets | 21 | €39,000 | €19,500 | -€19,500 | -50.0% |
| Tangible fixed assets | 22/27 | €812,150 | €776,141 | -€36,009 | -4.4% |
| Land and buildings | 22 | €812,150 | €776,141 | -€36,009 | -4.4% |
| Current assets | 29/58 | €477,925 | €510,813 | +€32,888 | +6.9% |
| Amounts receivable after more than one year | 29 | €432,600 | €389,472 | -€43,128 | -10.0% |
| Other amounts receivable | 291 | €432,600 | €389,472 | -€43,128 | -10.0% |
| Amounts receivable within one year | 40/41 | €42,523 | €48,258 | +€5,736 | +13.5% |
| Trade receivables | 40 | €5,130 | €5,130 | = | 0.0% |
| Other amounts receivable | 41 | €37,392 | €43,128 | +€5,736 | +15.3% |
| Cash at bank and in hand | 54/58 | €2,802 | €73,082 | +€70,280 | +2,508% |
| Total equity and liabilities | 10/49 | €1,329,075 | €1,306,454 | -€22,621 | -1.7% |
| Equity | 10/15 | -€98,796 | -€15,183 | +€83,613 | +84.6% |
| Contributions | 10/11 | €15,562 | €15,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,359 | -€30,746 | +€83,613 | +73.1% |
| Amounts payable | 17/49 | €1,427,871 | €1,321,637 | -€106,234 | -7.4% |
| Amounts payable after more than one year | 17 | €1,191,734 | €1,081,062 | -€110,672 | -9.3% |
| Financial debts | 170/4 | €1,191,734 | €1,081,062 | -€110,672 | -9.3% |
| Amounts payable within one year | 42/48 | €236,137 | €240,576 | +€4,438 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €108,618 | €110,672 | +€2,055 | +1.9% |
| Trade debts | 44 | - | €2,383 | +€2,383 | |
| Suppliers | 440/4 | - | €2,383 | +€2,383 | |
| Taxes, remuneration and social security | 45 | €126,183 | €126,183 | = | 0.0% |
| Taxes | 450/3 | €126,183 | €126,183 | = | 0.0% |
| Other amounts payable | 47/48 | €1,337 | €1,337 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,509 | €55,509 | = | 0.0% |
| Other operating charges | 640/8 | €21,322 | €6,035 | -€15,287 | -71.7% |
| Gross operating margin | 9900 | €102,763 | €161,472 | +€58,710 | +57.1% |
| Operating profit (loss) | 9901 | €25,932 | €99,929 | +€73,997 | +285% |
| Financial income | 75/76B | €6,420 | €2,146 | -€4,274 | -66.6% |
| Recurring financial income | 75 | €6,420 | €2,146 | -€4,274 | -66.6% |
| Financial charges | 65/66B | €33,531 | €18,462 | -€15,069 | -44.9% |
| Recurring financial charges | 65 | €20,085 | €18,462 | -€1,623 | -8.1% |
| Non-recurring financial charges | 66B | €13,446 | - | -€13,446 | |
| Profit (loss) for the period before taxes | 9903 | -€1,180 | €83,613 | +€84,793 | |
| Profit (loss) for the period | 9904 | -€1,180 | €83,613 | +€84,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,180 | €83,613 | +€84,793 |
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 14 October 2026 via checked.be.