Van de Moer Instruments: 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.
Van de Moer Instruments
Largest movements
- Cash -€76,314
down €76,314 (-65.6%), from €116,295 to €39,982
mainly Advances received (-€85,313) and Debts after one year (-€80,167)
- Receivables within one year +€61,984
up €61,984 (+97.2%), from €63,787 to €125,771
of which Trade receivables: +€61,360
- Tangible fixed assets -€21,702
down €21,702 (-23.9%), from €90,684 to €68,981
- Trade debts +€128,870
up €128,870 (+44.4%), from €290,539 to €419,409
- Advances received -€85,313
down €85,313 (-78.7%), from €108,393 to €23,080
- Debts after one year -€80,167
down €80,167 (-50.7%), from €158,149 to €77,981
- Other debts -€76,482
down €76,482 (-36.6%), from €208,759 to €132,277
- Tax, wage and social debts +€28,287
up €28,287 (+26.1%), from €108,397 to €136,684
of which Taxes: +€22,512
- Gross operating margin +€508,466
up €508,466 (+1,244%), from €40,858 to €549,324
- Staff costs +€41,068
up €41,068 (+11.2%), from €367,522 to €408,590
- Financial charges -€30,902
down €30,902 (-25.1%), from €122,903 to €92,000
of which Financial charges: -€20,030
- Write-downs +€19,239
up €19,239, from -€19,239 to €0
- Other operating charges +€7,041
up €7,041 (+134%), from €5,249 to €12,290
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,889,117 | €1,819,739 | -€69,378 | -3.7% |
| Fixed assets | 21/28 | €156,419 | €117,109 | -€39,310 | -25.1% |
| Intangible fixed assets | 21 | €61,236 | €43,628 | -€17,608 | -28.8% |
| Tangible fixed assets | 22/27 | €90,684 | €68,981 | -€21,702 | -23.9% |
| Plant, machinery and equipment | 23 | €412 | €0 | -€412 | -100% |
| Furniture and vehicles | 24 | €12,798 | €5,534 | -€7,264 | -56.8% |
| Leasing and similar rights | 25 | €19,967 | €15,203 | -€4,764 | -23.9% |
| Other tangible fixed assets | 26 | €57,507 | €48,245 | -€9,262 | -16.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €1,732,698 | €1,702,631 | -€30,067 | -1.7% |
| Stocks and contracts in progress | 3 | €1,532,398 | €1,518,363 | -€14,035 | -0.9% |
| Stocks | 30/36 | €1,532,398 | €1,518,363 | -€14,035 | -0.9% |
| Amounts receivable within one year | 40/41 | €63,787 | €125,771 | +€61,984 | +97.2% |
| Trade receivables | 40 | €52,379 | €113,739 | +€61,360 | +117% |
| Other amounts receivable | 41 | €11,407 | €12,031 | +€624 | +5.5% |
| Cash at bank and in hand | 54/58 | €116,295 | €39,982 | -€76,314 | -65.6% |
| Deferred charges and accrued income | 490/1 | €20,218 | €18,515 | -€1,703 | -8.4% |
| Total equity and liabilities | 10/49 | €1,889,117 | €1,819,739 | -€69,378 | -3.7% |
| Equity | 10/15 | -€215,924 | -€196,708 | +€19,217 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €254,974 | €254,974 | = | 0.0% |
| Distributable reserves | 133 | €254,974 | €254,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€483,299 | -€464,082 | +€19,217 | +4.0% |
| Amounts payable | 17/49 | €2,105,042 | €2,016,447 | -€88,594 | -4.2% |
| Amounts payable after more than one year | 17 | €158,149 | €77,981 | -€80,167 | -50.7% |
| Financial debts | 170/4 | €158,149 | €77,981 | -€80,167 | -50.7% |
| Amounts payable within one year | 42/48 | €1,940,969 | €1,926,379 | -€14,590 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €124,881 | €114,929 | -€9,952 | -8.0% |
| Financial debts | 43 | €1,100,000 | €1,100,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,100,000 | €1,100,000 | = | 0.0% |
| Trade debts | 44 | €290,539 | €419,409 | +€128,870 | +44.4% |
| Suppliers | 440/4 | €290,539 | €419,409 | +€128,870 | +44.4% |
| Advances received on contracts in progress | 46 | €108,393 | €23,080 | -€85,313 | -78.7% |
| Taxes, remuneration and social security | 45 | €108,397 | €136,684 | +€28,287 | +26.1% |
| Taxes | 450/3 | €46,723 | €69,235 | +€22,512 | +48.2% |
| Remuneration and social security | 454/9 | €61,674 | €67,449 | +€5,775 | +9.4% |
| Other amounts payable | 47/48 | €208,759 | €132,277 | -€76,482 | -36.6% |
| Accrued charges and deferred income | 492/3 | €5,924 | €12,087 | +€6,163 | +104% |
| Non-recurring operating income | 76A | €4,056 | €0 | -€4,056 | -100% |
| Remuneration, social security and pensions | 62 | €367,522 | €408,590 | +€41,068 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,230 | €40,640 | -€590 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,239 | €0 | +€19,239 | |
| Other operating charges | 640/8 | €5,249 | €12,290 | +€7,041 | +134% |
| Gross operating margin | 9900 | €40,858 | €549,324 | +€508,466 | +1,244% |
| Operating profit (loss) | 9901 | -€353,903 | €87,804 | +€441,707 | |
| Financial income | 75/76B | €22,791 | €23,590 | +€799 | +3.5% |
| Recurring financial income | 75 | €22,791 | €23,590 | +€799 | +3.5% |
| Financial charges | 65/66B | €122,903 | €92,000 | -€30,902 | -25.1% |
| Recurring financial charges | 65 | €109,648 | €89,618 | -€20,030 | -18.3% |
| Non-recurring financial charges | 66B | €13,255 | €2,382 | -€10,873 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | -€454,015 | €19,394 | +€473,409 | |
| Income taxes | 67/77 | €246 | €177 | -€69 | -27.9% |
| Profit (loss) for the period | 9904 | -€454,261 | €19,217 | +€473,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€454,261 | €19,217 | +€473,477 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.