MOYAERT: 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.
MOYAERT
Largest movements
- Cash +€28,344
up €28,344 (+36.5%), from €77,609 to €105,953
mainly Depreciation (+€19,315) and Net result for the year (+€14,750)
- Tangible fixed assets -€13,375
down €13,375 (-9.2%), from €145,319 to €131,944
of which Furniture and vehicles: -€12,950
- Other debts +€13,148
up €13,148 (+2229.4%), from €590 to €13,737
- Tax, wage and social debts +€6,747
up €6,747 (+241.9%), from €2,789 to €9,536
of which Taxes: +€6,747
- Debts after one year -€5,349
down €5,349 (-21.9%), from €24,474 to €19,125
- Depreciation -€5,194
down €5,194 (-21.2%), from €24,509 to €19,315
- Taxes +€1,657
up €1,657 (+30.1%), from €5,498 to €7,154
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 | €374,735 | €389,932 | +€15,197 | +4.1% |
| Fixed assets | 21/28 | €295,519 | €282,144 | -€13,375 | -4.5% |
| Tangible fixed assets | 22/27 | €145,319 | €131,944 | -€13,375 | -9.2% |
| Land and buildings | 22 | €62,942 | €62,942 | = | 0.0% |
| Plant, machinery and equipment | 23 | €34,976 | €34,552 | -€425 | -1.2% |
| Furniture and vehicles | 24 | €47,401 | €34,451 | -€12,950 | -27.3% |
| Financial fixed assets | 28 | €150,200 | €150,200 | = | 0.0% |
| Current assets | 29/58 | €79,216 | €107,788 | +€28,572 | +36.1% |
| Cash at bank and in hand | 54/58 | €77,609 | €105,953 | +€28,344 | +36.5% |
| Deferred charges and accrued income | 490/1 | €1,607 | €1,835 | +€228 | +14.2% |
| Total equity and liabilities | 10/49 | €374,735 | €389,932 | +€15,197 | +4.1% |
| Equity | 10/15 | €340,294 | €341,926 | +€1,632 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €119,834 | €121,466 | +€1,632 | +1.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | - | €6,200 | +€6,200 | |
| Other | 1319 | €6,200 | - | -€6,200 | |
| Distributable reserves | 133 | €113,634 | €115,266 | +€1,632 | +1.4% |
| Profit (loss) carried forward | 14 | €158,460 | €158,460 | = | 0.0% |
| Amounts payable | 17/49 | €34,441 | €48,006 | +€13,565 | +39.4% |
| Amounts payable after more than one year | 17 | €24,474 | €19,125 | -€5,349 | -21.9% |
| Financial debts | 170/4 | €24,474 | €19,125 | -€5,349 | -21.9% |
| Amounts payable within one year | 42/48 | €9,924 | €28,857 | +€18,933 | +190.8% |
| Current portion of amounts payable after more than one year | 42 | €5,298 | €5,349 | +€51 | +1.0% |
| Trade debts | 44 | €1,248 | €235 | -€1,013 | -81.2% |
| Suppliers | 440/4 | €1,248 | €235 | -€1,013 | -81.2% |
| Taxes, remuneration and social security | 45 | €2,789 | €9,536 | +€6,747 | +241.9% |
| Taxes | 450/3 | €289 | €7,036 | +€6,747 | +2337.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €590 | €13,737 | +€13,148 | +2229.4% |
| Accrued charges and deferred income | 492/3 | €43 | €24 | -€19 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,509 | €19,315 | -€5,194 | -21.2% |
| Other operating charges | 640/8 | €4,614 | €4,757 | +€142 | +3.1% |
| Gross operating margin | 9900 | €46,298 | €46,095 | -€203 | -0.4% |
| Operating profit (loss) | 9901 | €17,174 | €22,023 | +€4,849 | +28.2% |
| Financial income | 75/76B | €698 | €395 | -€302 | -43.3% |
| Recurring financial income | 75 | €698 | €395 | -€302 | -43.3% |
| Financial charges | 65/66B | €593 | €513 | -€79 | -13.4% |
| Recurring financial charges | 65 | €593 | €513 | -€79 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €17,279 | €21,905 | +€4,626 | +26.8% |
| Income taxes | 67/77 | €5,498 | €7,154 | +€1,657 | +30.1% |
| Profit (loss) for the period | 9904 | €11,781 | €14,750 | +€2,969 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,781 | €14,750 | +€2,969 | +25.2% |
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 3 October 2026 via checked.be.