MOYO: 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.
MOYO
Largest movements
- Receivables within one year +€65,856
up €65,856 (+8.9%), from €737,774 to €803,629
of which Trade receivables: +€71,787
- Other debts +€71,551
up €71,551 (+12.4%), from €576,922 to €648,473
- Reserves +€36,023
up €36,023 (+41.9%), from €85,932 to €121,955
- Tax, wage and social debts -€23,777
down €23,777 (-55.6%), from €42,750 to €18,973
- Accrued charges and deferred income -€14,434
no longer reported in 2025 (was €14,434)
- Trade debts -€8,345
down €8,345 (-65.1%), from €12,819 to €4,475
- Gross operating margin -€75,744
down €75,744 (-57.6%), from €131,422 to €55,677
- Financial charges -€13,897
down €13,897 (-98.8%), from €14,060 to €162
- Taxes -€8,764
down €8,764 (-34.7%), from €25,278 to €16,514
- Depreciation -€4,074
down €4,074 (-66.3%), from €6,143 to €2,069
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 | €751,457 | €812,475 | +€61,019 | +8.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,790 | €4,639 | -€1,151 | -19.9% |
| Tangible fixed assets | 22/27 | €5,530 | €4,280 | -€1,251 | -22.6% |
| Plant, machinery and equipment | 23 | €5,422 | €4,280 | -€1,142 | -21.1% |
| Furniture and vehicles | 24 | €108 | €0 | -€108 | -100% |
| Financial fixed assets | 28 | €260 | €359 | +€99 | +38.3% |
| Current assets | 29/58 | €745,666 | €807,836 | +€62,170 | +8.3% |
| Amounts receivable within one year | 40/41 | €737,774 | €803,629 | +€65,856 | +8.9% |
| Trade receivables | 40 | €731,842 | €803,629 | +€71,787 | +9.8% |
| Other amounts receivable | 41 | €5,932 | - | -€5,932 | |
| Cash at bank and in hand | 54/58 | €5,631 | €1,571 | -€4,060 | -72.1% |
| Deferred charges and accrued income | 490/1 | €2,262 | €2,636 | +€374 | +16.6% |
| Total equity and liabilities | 10/49 | €751,457 | €812,475 | +€61,019 | +8.1% |
| Equity | 10/15 | €104,532 | €140,555 | +€36,023 | +34.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,932 | €121,955 | +€36,023 | +41.9% |
| Distributable reserves | 133 | €85,932 | €121,955 | +€36,023 | +41.9% |
| Amounts payable | 17/49 | €646,924 | €671,920 | +€24,996 | +3.9% |
| Amounts payable within one year | 42/48 | €632,491 | €671,920 | +€39,430 | +6.2% |
| Trade debts | 44 | €12,819 | €4,475 | -€8,345 | -65.1% |
| Suppliers | 440/4 | €12,819 | €4,475 | -€8,345 | -65.1% |
| Taxes, remuneration and social security | 45 | €42,750 | €18,973 | -€23,777 | -55.6% |
| Taxes | 450/3 | €42,750 | €18,973 | -€23,777 | -55.6% |
| Other amounts payable | 47/48 | €576,922 | €648,473 | +€71,551 | +12.4% |
| Accrued charges and deferred income | 492/3 | €14,434 | - | -€14,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,143 | €2,069 | -€4,074 | -66.3% |
| Other operating charges | 640/8 | €451 | €634 | +€183 | +40.5% |
| Non-recurring operating charges | 66A | - | €486 | +€486 | |
| Gross operating margin | 9900 | €131,422 | €55,677 | -€75,744 | -57.6% |
| Operating profit (loss) | 9901 | €124,828 | €52,489 | -€72,339 | -58.0% |
| Financial income | 75/76B | €149 | €210 | +€61 | +40.9% |
| Recurring financial income | 75 | €149 | €210 | +€61 | +40.9% |
| Financial charges | 65/66B | €14,060 | €162 | -€13,897 | -98.8% |
| Recurring financial charges | 65 | €14,060 | €162 | -€13,897 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €110,917 | €52,537 | -€58,381 | -52.6% |
| Income taxes | 67/77 | €25,278 | €16,514 | -€8,764 | -34.7% |
| Profit (loss) for the period | 9904 | €85,639 | €36,023 | -€49,616 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,639 | €36,023 | -€49,616 | -57.9% |
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 13 October 2026 via checked.be.