THE MOOSE: 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.
THE MOOSE
Largest movements
- Cash -€7,622
down €7,622 (-29.1%), from €26,152 to €18,529
mainly Net result for the year (-€29,348) and Trade debts (-€10,244)
- Stocks and contracts +€3,954
up €3,954 (+3.2%), from €122,430 to €126,384
- Deferred charges and accrued income -€1,635
down €1,635 (-35.4%), from €4,620 to €2,985
- Other debts +€30,260
up €30,260 (+28.9%), from €104,588 to €134,848
- Profit (loss) carried forward -€29,348
down €29,348 (-5.2%), from -€563,568 to -€592,915
- Trade debts -€10,244
down €10,244 (-38.3%), from €26,763 to €16,519
- Tax, wage and social debts +€4,425
up €4,425 (+30.8%), from €14,387 to €18,813
of which Taxes: +€4,172
- Gross operating margin -€20,702
down €20,702 (-37.0%), from €55,904 to €35,202
- Financial charges -€6,175
down €6,175 (-31.9%), from €19,383 to €13,208
- Depreciation -€3,051
down €3,051 (-81.9%), from €3,727 to €676
- Staff costs +€1,563
up €1,563 (+3.3%), from €47,764 to €49,327
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 | €160,951 | €156,210 | -€4,741 | -2.9% |
| Fixed assets | 21/28 | €2,266 | €1,591 | -€676 | -29.8% |
| Tangible fixed assets | 22/27 | €2,266 | €1,591 | -€676 | -29.8% |
| Plant, machinery and equipment | 23 | €1,603 | €1,093 | -€510 | -31.8% |
| Other tangible fixed assets | 26 | €664 | €498 | -€166 | -25.0% |
| Current assets | 29/58 | €158,684 | €154,619 | -€4,065 | -2.6% |
| Stocks and contracts in progress | 3 | €122,430 | €126,384 | +€3,954 | +3.2% |
| Stocks | 30/36 | €122,430 | €126,384 | +€3,954 | +3.2% |
| Amounts receivable within one year | 40/41 | €5,483 | €6,721 | +€1,238 | +22.6% |
| Trade receivables | 40 | €5,483 | €6,696 | +€1,214 | +22.1% |
| Other amounts receivable | 41 | - | €25 | +€25 | |
| Cash at bank and in hand | 54/58 | €26,152 | €18,529 | -€7,622 | -29.1% |
| Deferred charges and accrued income | 490/1 | €4,620 | €2,985 | -€1,635 | -35.4% |
| Total equity and liabilities | 10/49 | €160,951 | €156,210 | -€4,741 | -2.9% |
| Equity | 10/15 | -€171,568 | -€200,915 | -€29,348 | -17.1% |
| Contributions | 10/11 | €392,000 | €392,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€563,568 | -€592,915 | -€29,348 | -5.2% |
| Amounts payable | 17/49 | €332,518 | €357,125 | +€24,607 | +7.4% |
| Amounts payable after more than one year | 17 | €156,500 | €156,500 | = | 0.0% |
| Financial debts | 170/4 | €156,500 | €156,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €145,739 | €170,180 | +€24,441 | +16.8% |
| Trade debts | 44 | €26,763 | €16,519 | -€10,244 | -38.3% |
| Suppliers | 440/4 | €26,763 | €16,519 | -€10,244 | -38.3% |
| Taxes, remuneration and social security | 45 | €14,387 | €18,813 | +€4,425 | +30.8% |
| Taxes | 450/3 | €8,272 | €12,444 | +€4,172 | +50.4% |
| Remuneration and social security | 454/9 | €6,115 | €6,369 | +€254 | +4.1% |
| Other amounts payable | 47/48 | €104,588 | €134,848 | +€30,260 | +28.9% |
| Accrued charges and deferred income | 492/3 | €30,279 | €30,445 | +€166 | +0.5% |
| Remuneration, social security and pensions | 62 | €47,764 | €49,327 | +€1,563 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,727 | €676 | -€3,051 | -81.9% |
| Other operating charges | 640/8 | €1,044 | €1,440 | +€396 | +37.9% |
| Gross operating margin | 9900 | €55,904 | €35,202 | -€20,702 | -37.0% |
| Operating profit (loss) | 9901 | €3,368 | -€16,241 | -€19,609 | |
| Financial income | 75/76B | €269 | €100 | -€168 | -62.6% |
| Recurring financial income | 75 | €269 | €100 | -€168 | -62.6% |
| Financial charges | 65/66B | €19,383 | €13,208 | -€6,175 | -31.9% |
| Recurring financial charges | 65 | €19,383 | €13,208 | -€6,175 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,746 | -€29,348 | -€13,602 | -86.4% |
| Profit (loss) for the period | 9904 | -€15,746 | -€29,348 | -€13,602 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,746 | -€29,348 | -€13,602 | -86.4% |
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.