MOYAERT & PARTNERS: 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.
MOYAERT & PARTNERS
Largest movements
- Receivables within one year +€59,799
up €59,799 (+178%), from €33,593 to €93,393
of which Other amounts receivable: +€61,009
- Tangible fixed assets -€23,437
down €23,437 (-7.0%), from €336,797 to €313,360
of which Land and buildings: -€31,812
- Cash +€18,035
up €18,035 (+66.4%), from €27,152 to €45,187
mainly Net result for the year (+€57,152) and Depreciation (+€23,437)
- Deferred charges and accrued income +€6,922
new in 2025: €6,922
- Reserves +€57,152
up €57,152 (+25.9%), from €220,931 to €278,084
of which Distributable reserves: +€60,036
- Trade debts +€6,595
up €6,595 (+135%), from €4,896 to €11,491
- Financial income +€6,922
new in 2025: €6,922
- Other operating charges +€5,983
up €5,983 (+205%), from €2,923 to €8,906
- Gross operating margin -€3,120
down €3,120 (-2.9%), from €108,759 to €105,639
- Taxes -€1,352
down €1,352 (-5.4%), from €25,106 to €23,754
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 | €397,542 | €458,861 | +€61,318 | +15.4% |
| Fixed assets | 21/28 | €336,797 | €313,360 | -€23,437 | -7.0% |
| Tangible fixed assets | 22/27 | €336,797 | €313,360 | -€23,437 | -7.0% |
| Land and buildings | 22 | €336,797 | €304,985 | -€31,812 | -9.4% |
| Plant, machinery and equipment | 23 | - | €2,375 | +€2,375 | |
| Furniture and vehicles | 24 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €60,745 | €145,501 | +€84,756 | +140% |
| Amounts receivable within one year | 40/41 | €33,593 | €93,393 | +€59,799 | +178% |
| Trade receivables | 40 | €29,040 | €27,830 | -€1,210 | -4.2% |
| Other amounts receivable | 41 | €4,553 | €65,563 | +€61,009 | +1,340% |
| Cash at bank and in hand | 54/58 | €27,152 | €45,187 | +€18,035 | +66.4% |
| Deferred charges and accrued income | 490/1 | - | €6,922 | +€6,922 | |
| Total equity and liabilities | 10/49 | €397,542 | €458,861 | +€61,318 | +15.4% |
| Equity | 10/15 | €345,365 | €402,347 | +€56,982 | +16.5% |
| Contributions | 10/11 | €22,092 | €22,092 | = | 0.0% |
| Reserves | 13 | €220,931 | €278,084 | +€57,152 | +25.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,723 | €28,839 | -€2,884 | -9.1% |
| Distributable reserves | 133 | €181,708 | €241,745 | +€60,036 | +33.0% |
| Profit (loss) carried forward | 14 | €102,341 | €102,341 | = | 0.0% |
| Advance to shareholders on the distribution of net assets | 19 | - | €170 | +€170 | |
| Provisions and deferred taxes | 16 | €16,335 | €14,850 | -€1,485 | -9.1% |
| Deferred taxes | 168 | €16,335 | €14,850 | -€1,485 | -9.1% |
| Amounts payable | 17/49 | €35,842 | €41,663 | +€5,821 | +16.2% |
| Amounts payable within one year | 42/48 | €35,842 | €41,663 | +€5,821 | +16.2% |
| Financial debts | 43 | €16,801 | €16,799 | -€2 | 0.0% |
| Credit institutions | 430/8 | €16,801 | €16,799 | -€2 | 0.0% |
| Trade debts | 44 | €4,896 | €11,491 | +€6,595 | +135% |
| Suppliers | 440/4 | €4,896 | €11,491 | +€6,595 | +135% |
| Taxes, remuneration and social security | 45 | €14,145 | €13,373 | -€772 | -5.5% |
| Taxes | 450/3 | €14,145 | €13,373 | -€772 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,437 | €23,437 | = | 0.0% |
| Other operating charges | 640/8 | €2,923 | €8,906 | +€5,983 | +205% |
| Gross operating margin | 9900 | €108,759 | €105,639 | -€3,120 | -2.9% |
| Operating profit (loss) | 9901 | €82,399 | €73,296 | -€9,103 | -11.0% |
| Financial income | 75/76B | - | €6,922 | +€6,922 | |
| Recurring financial income | 75 | - | €6,922 | +€6,922 | |
| Financial charges | 65/66B | €1,535 | €796 | -€738 | -48.1% |
| Recurring financial charges | 65 | €1,535 | €796 | -€738 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €80,864 | €79,421 | -€1,443 | -1.8% |
| Transfer from deferred taxes | 780 | €1,485 | €1,485 | = | 0.0% |
| Income taxes | 67/77 | €25,106 | €23,754 | -€1,352 | -5.4% |
| Profit (loss) for the period | 9904 | €57,243 | €57,152 | -€91 | -0.2% |
| Transfer from tax-exempt reserves | 789 | €2,884 | €2,884 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,127 | €60,036 | -€91 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.