Stelios Moschonas: 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.
Stelios Moschonas
Largest movements
- Cash +€83,755
up €83,755 (+40.5%), from €207,043 to €290,798
mainly Net result for the year (+€88,821) and Depreciation (+€1,066)
- Profit (loss) carried forward +€88,821
up €88,821 (+105%), from €84,417 to €173,238
- Tax, wage and social debts -€3,300
down €3,300 (-18.7%), from €17,618 to €14,318
- Gross operating margin +€7,643
up €7,643 (+6.9%), from €110,640 to €118,283
- Financial charges +€2,943
up €2,943 (+158%), from €1,860 to €4,803
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 | €212,492 | €295,857 | +€83,365 | +39.2% |
| Fixed assets | 21/28 | €1,934 | €868 | -€1,066 | -55.1% |
| Tangible fixed assets | 22/27 | €1,934 | €868 | -€1,066 | -55.1% |
| Plant, machinery and equipment | 23 | €1,934 | €868 | -€1,066 | -55.1% |
| Current assets | 29/58 | €210,558 | €294,989 | +€84,430 | +40.1% |
| Amounts receivable within one year | 40/41 | €1,437 | €1,841 | +€404 | +28.2% |
| Trade receivables | 40 | €617 | €122 | -€494 | -80.2% |
| Other amounts receivable | 41 | €820 | €1,719 | +€899 | +110% |
| Cash at bank and in hand | 54/58 | €207,043 | €290,798 | +€83,755 | +40.5% |
| Deferred charges and accrued income | 490/1 | €2,079 | €2,350 | +€271 | +13.0% |
| Total equity and liabilities | 10/49 | €212,492 | €295,857 | +€83,365 | +39.2% |
| Equity | 10/15 | €189,319 | €278,140 | +€88,821 | +46.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €89,901 | €89,901 | = | 0.0% |
| Distributable reserves | 133 | €89,901 | €89,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,417 | €173,238 | +€88,821 | +105% |
| Amounts payable | 17/49 | €23,173 | €17,717 | -€5,456 | -23.5% |
| Amounts payable within one year | 42/48 | €23,173 | €17,717 | -€5,456 | -23.5% |
| Trade debts | 44 | €5,555 | €3,399 | -€2,156 | -38.8% |
| Suppliers | 440/4 | €5,555 | €3,399 | -€2,156 | -38.8% |
| Taxes, remuneration and social security | 45 | €17,618 | €14,318 | -€3,300 | -18.7% |
| Taxes | 450/3 | €17,618 | €14,318 | -€3,300 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861 | €1,066 | +€205 | +23.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €110,640 | €118,283 | +€7,643 | +6.9% |
| Operating profit (loss) | 9901 | €109,392 | €116,817 | +€7,426 | +6.8% |
| Financial income | 75/76B | €71 | €952 | +€881 | +1,233% |
| Recurring financial income | 75 | €71 | €952 | +€881 | +1,233% |
| Financial charges | 65/66B | €1,860 | €4,803 | +€2,943 | +158% |
| Recurring financial charges | 65 | €1,860 | €4,803 | +€2,943 | +158% |
| Profit (loss) for the period before taxes | 9903 | €107,603 | €112,966 | +€5,363 | +5.0% |
| Income taxes | 67/77 | €23,186 | €24,145 | +€959 | +4.1% |
| Profit (loss) for the period | 9904 | €84,417 | €88,821 | +€4,404 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,417 | €88,821 | +€4,404 | +5.2% |
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 27 October 2026 via checked.be.