MOYAERT TOM: 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 TOM
Largest movements
- Cash +€49,250
up €49,250 (+694%), from €7,097 to €56,347
mainly Other debts (+€50,484) and Depreciation (+€17,833)
- Tangible fixed assets -€17,399
down €17,399 (-6.0%), from €289,796 to €272,397
of which Land and buildings: -€11,791
- Receivables within one year -€14,870
down €14,870 (-16.0%), from €92,951 to €78,081
of which Other amounts receivable: -€9,406
- Other debts +€50,484
up €50,484 (+50.8%), from €99,296 to €149,779
- Debts after one year -€24,407
down €24,407 (-26.2%), from €93,037 to €68,630
- Profit (loss) carried forward -€20,257
down €20,257 (-51.2%), from €39,566 to €19,310
- Tax, wage and social debts +€4,547
up €4,547 (+1,247%), from €364 to €4,911
of which Remuneration and social security: +€2,595
- Depreciation +€4,778
up €4,778 (+36.6%), from €13,055 to €17,833
- Gross operating margin +€930
up €930 (+22.6%), from €4,119 to €5,049
- Other operating charges +€253
up €253 (+12.2%), from €2,081 to €2,334
- Financial charges +€62
up €62 (+1.2%), from €5,076 to €5,139
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 | €394,853 | €409,590 | +€14,737 | +3.7% |
| Fixed assets | 21/28 | €289,796 | €272,397 | -€17,399 | -6.0% |
| Tangible fixed assets | 22/27 | €289,796 | €272,397 | -€17,399 | -6.0% |
| Land and buildings | 22 | €261,966 | €250,175 | -€11,791 | -4.5% |
| Plant, machinery and equipment | 23 | €1,075 | €1,017 | -€58 | -5.4% |
| Furniture and vehicles | 24 | €26,754 | €21,205 | -€5,550 | -20.7% |
| Current assets | 29/58 | €105,057 | €137,193 | +€32,136 | +30.6% |
| Stocks and contracts in progress | 3 | €1,724 | €1,379 | -€344 | -20.0% |
| Stocks | 30/36 | €1,724 | €1,379 | -€344 | -20.0% |
| Amounts receivable within one year | 40/41 | €92,951 | €78,081 | -€14,870 | -16.0% |
| Trade receivables | 40 | €80,725 | €75,261 | -€5,464 | -6.8% |
| Other amounts receivable | 41 | €12,226 | €2,820 | -€9,406 | -76.9% |
| Cash at bank and in hand | 54/58 | €7,097 | €56,347 | +€49,250 | +694% |
| Deferred charges and accrued income | 490/1 | €3,286 | €1,386 | -€1,900 | -57.8% |
| Total equity and liabilities | 10/49 | €394,853 | €409,590 | +€14,737 | +3.7% |
| Equity | 10/15 | €176,017 | €155,761 | -€20,257 | -11.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €117,859 | €117,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €117,859 | €117,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,566 | €19,310 | -€20,257 | -51.2% |
| Amounts payable | 17/49 | €218,836 | €253,829 | +€34,993 | +16.0% |
| Amounts payable after more than one year | 17 | €93,037 | €68,630 | -€24,407 | -26.2% |
| Financial debts | 170/4 | €93,037 | €68,630 | -€24,407 | -26.2% |
| Amounts payable within one year | 42/48 | €125,799 | €185,199 | +€59,400 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €23,286 | €24,407 | +€1,121 | +4.8% |
| Trade debts | 44 | €2,853 | €6,102 | +€3,249 | +114% |
| Suppliers | 440/4 | €2,853 | €6,102 | +€3,249 | +114% |
| Taxes, remuneration and social security | 45 | €364 | €4,911 | +€4,547 | +1,247% |
| Taxes | 450/3 | €364 | €2,316 | +€1,951 | +535% |
| Remuneration and social security | 454/9 | €0 | €2,595 | +€2,595 | |
| Other amounts payable | 47/48 | €99,296 | €149,779 | +€50,484 | +50.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,055 | €17,833 | +€4,778 | +36.6% |
| Other operating charges | 640/8 | €2,081 | €2,334 | +€253 | +12.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,119 | €5,049 | +€930 | +22.6% |
| Operating profit (loss) | 9901 | -€11,017 | -€15,118 | -€4,101 | -37.2% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €5,076 | €5,139 | +€62 | +1.2% |
| Recurring financial charges | 65 | €5,076 | €5,139 | +€62 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,084 | -€20,257 | -€4,173 | -25.9% |
| Profit (loss) for the period | 9904 | -€16,084 | -€20,257 | -€4,173 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,084 | -€20,257 | -€4,173 | -25.9% |
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 23 October 2026 via checked.be.