NADINE MOYANO: what changed
NADINE MOYANO
Largest movements
- Cash +€67,189
up €67,189 (+114%), from €58,945 to €126,134
mainly Net result for the year (+€47,287) and Depreciation (+€23,873)
- Tangible fixed assets -€20,489
down €20,489 (-30.1%), from €68,095 to €47,605
of which Furniture and vehicles: -€17,223
- Receivables within one year +€2,309
up €2,309 (+25.7%), from €8,995 to €11,304
of which Trade receivables: +€4,691
- Reserves +€28,781
up €28,781 (+31.2%), from €92,338 to €121,118
- Other debts +€15,479
up €15,479 (+58.0%), from €26,681 to €42,160
- Tax, wage and social debts +€5,194
up €5,194 (+228%), from €2,275 to €7,468
- Depreciation -€13,441
down €13,441 (-36.0%), from €37,315 to €23,873
- Taxes +€10,544
up €10,544 (+61.6%), from €17,118 to €27,662
- Write-downs -€8,006
no longer reported in 2025 (was €8,006)
- Gross operating margin +€2,995
up €2,995 (+3.0%), from €98,343 to €101,337
- Other operating charges -€2,545
down €2,545 (-79.0%), from €3,223 to €678
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,513 | €185,741 | +€49,229 | +36.1% |
| Fixed assets | 21/28 | €68,095 | €47,605 | -€20,489 | -30.1% |
| Tangible fixed assets | 22/27 | €68,095 | €47,605 | -€20,489 | -30.1% |
| Land and buildings | 22 | €2,690 | €1,839 | -€851 | -31.6% |
| Plant, machinery and equipment | 23 | €4,657 | €2,241 | -€2,416 | -51.9% |
| Furniture and vehicles | 24 | €60,747 | €43,525 | -€17,223 | -28.4% |
| Current assets | 29/58 | €68,418 | €138,136 | +€69,718 | +102% |
| Amounts receivable within one year | 40/41 | €8,995 | €11,304 | +€2,309 | +25.7% |
| Trade receivables | 40 | €6,613 | €11,304 | +€4,691 | +70.9% |
| Other amounts receivable | 41 | €2,382 | - | -€2,382 | |
| Cash at bank and in hand | 54/58 | €58,945 | €126,134 | +€67,189 | +114% |
| Deferred charges and accrued income | 490/1 | €478 | €698 | +€220 | +46.0% |
| Total equity and liabilities | 10/49 | €136,513 | €185,741 | +€49,229 | +36.1% |
| Equity | 10/15 | €104,755 | €133,536 | +€28,781 | +27.5% |
| Contributions | 10/11 | €12,411 | €12,411 | = | 0.0% |
| Reserves | 13 | €92,338 | €121,118 | +€28,781 | +31.2% |
| Distributable reserves | 133 | €92,338 | €121,118 | +€28,781 | +31.2% |
| Profit (loss) carried forward | 14 | €7 | €7 | = | 0.0% |
| Amounts payable | 17/49 | €31,757 | €52,205 | +€20,448 | +64.4% |
| Amounts payable within one year | 42/48 | €29,310 | €50,424 | +€21,113 | +72.0% |
| Trade debts | 44 | €355 | €795 | +€441 | +124% |
| Suppliers | 440/4 | €355 | €795 | +€441 | +124% |
| Taxes, remuneration and social security | 45 | €2,275 | €7,468 | +€5,194 | +228% |
| Taxes | 450/3 | €2,275 | €7,468 | +€5,194 | +228% |
| Other amounts payable | 47/48 | €26,681 | €42,160 | +€15,479 | +58.0% |
| Accrued charges and deferred income | 492/3 | €2,447 | €1,782 | -€665 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,315 | €23,873 | -€13,441 | -36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,006 | - | -€8,006 | |
| Other operating charges | 640/8 | €3,223 | €678 | -€2,545 | -79.0% |
| Gross operating margin | 9900 | €98,343 | €101,337 | +€2,995 | +3.0% |
| Operating profit (loss) | 9901 | €49,800 | €76,786 | +€26,986 | +54.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €2,547 | €1,836 | -€711 | -27.9% |
| Recurring financial charges | 65 | €2,547 | €1,836 | -€711 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €47,254 | €74,950 | +€27,696 | +58.6% |
| Income taxes | 67/77 | €17,118 | €27,662 | +€10,544 | +61.6% |
| Profit (loss) for the period | 9904 | €30,135 | €47,287 | +€17,152 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,135 | €47,287 | +€17,152 | +56.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.