MOYABELL: 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.
MOYABELL
Largest movements
- Stocks and contracts -€290,923
down €290,923 (-16.5%), from €1.8m to €1.5m
- Short-term financial debts -€507,250
down €507,250 (-60.7%), from €835,150 to €327,900
- Other debts +€103,354
up €103,354 (+11.9%), from €866,969 to €970,323
- Reserves +€68,981
up €68,981 (+184.3%), from €37,419 to €106,400
- Trade debts +€54,666
up €54,666 (+1042.4%), from €5,244 to €59,910
- Advances received -€43,920
down €43,920 (-98.1%), from €44,770 to €850
- Gross operating margin +€54,701
up €54,701 (+64.6%), from €84,667 to €139,368
- Taxes +€37,909
up €37,909, from -€132 to €37,777
- Depreciation -€8,818
down €8,818 (-57.4%), from €15,363 to €6,546
- Other operating charges -€5,247
down €5,247 (-68.5%), from €7,664 to €2,417
- Financial charges -€3,111
down €3,111 (-53.3%), from €5,834 to €2,723
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 | €1,811,919 | €1,522,296 | -€289,623 | -16.0% |
| Fixed assets | 21/28 | €16,801 | €16,620 | -€181 | -1.1% |
| Tangible fixed assets | 22/27 | €14,101 | €13,920 | -€181 | -1.3% |
| Furniture and vehicles | 24 | €10,521 | €6,177 | -€4,344 | -41.3% |
| Other tangible fixed assets | 26 | €3,580 | €7,743 | +€4,163 | +116.3% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €1,795,118 | €1,505,676 | -€289,442 | -16.1% |
| Stocks and contracts in progress | 3 | €1,763,135 | €1,472,212 | -€290,923 | -16.5% |
| Stocks | 30/36 | €1,763,135 | €1,472,212 | -€290,923 | -16.5% |
| Amounts receivable within one year | 40/41 | €1,437 | €14,492 | +€13,055 | +908.5% |
| Trade receivables | 40 | €1,437 | €5,762 | +€4,325 | +301.0% |
| Other amounts receivable | 41 | €0 | €8,730 | +€8,730 | |
| Cash at bank and in hand | 54/58 | €29,788 | €17,239 | -€12,549 | -42.1% |
| Deferred charges and accrued income | 490/1 | €759 | €1,734 | +€974 | +128.3% |
| Total equity and liabilities | 10/49 | €1,811,919 | €1,522,296 | -€289,623 | -16.0% |
| Equity | 10/15 | €35,033 | €125,000 | +€89,967 | +256.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,419 | €106,400 | +€68,981 | +184.3% |
| Distributable reserves | 133 | €37,419 | €106,400 | +€68,981 | +184.3% |
| Profit (loss) carried forward | 14 | -€20,986 | €0 | +€20,986 | |
| Amounts payable | 17/49 | €1,776,887 | €1,397,297 | -€379,590 | -21.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,771,116 | €1,395,938 | -€375,178 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €8,963 | €11,729 | +€2,765 | +30.9% |
| Financial debts | 43 | €835,150 | €327,900 | -€507,250 | -60.7% |
| Credit institutions | 430/8 | €835,150 | €327,900 | -€507,250 | -60.7% |
| Trade debts | 44 | €5,244 | €59,910 | +€54,666 | +1042.4% |
| Suppliers | 440/4 | €5,244 | €59,910 | +€54,666 | +1042.4% |
| Advances received on contracts in progress | 46 | €44,770 | €850 | -€43,920 | -98.1% |
| Taxes, remuneration and social security | 45 | €10,019 | €25,225 | +€15,207 | +151.8% |
| Taxes | 450/3 | €10,019 | €25,225 | +€15,207 | +151.8% |
| Other amounts payable | 47/48 | €866,969 | €970,323 | +€103,354 | +11.9% |
| Accrued charges and deferred income | 492/3 | €5,771 | €1,359 | -€4,412 | -76.4% |
| Non-recurring operating income | 76A | - | €556 | +€556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,363 | €6,546 | -€8,818 | -57.4% |
| Other operating charges | 640/8 | €7,664 | €2,417 | -€5,247 | -68.5% |
| Gross operating margin | 9900 | €84,667 | €139,368 | +€54,701 | +64.6% |
| Operating profit (loss) | 9901 | €61,640 | €130,405 | +€68,765 | +111.6% |
| Financial income | 75/76B | €12 | €62 | +€49 | +399.7% |
| Recurring financial income | 75 | €12 | €62 | +€49 | +399.7% |
| Financial charges | 65/66B | €5,834 | €2,723 | -€3,111 | -53.3% |
| Recurring financial charges | 65 | €5,834 | €2,723 | -€3,111 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €55,818 | €127,744 | +€71,925 | +128.9% |
| Income taxes | 67/77 | -€132 | €37,777 | +€37,909 | |
| Profit (loss) for the period | 9904 | €55,951 | €89,967 | +€34,016 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,951 | €89,967 | +€34,016 | +60.8% |
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 10 October 2026 via checked.be.