VAN MOER INFRA: 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 MOER INFRA
Largest movements
- Cash +€12,386
up €12,386 (+221%), from €5,611 to €17,997
mainly Depreciation (+€12,178) and Tax, wage and social debts (+€4,313)
- Tangible fixed assets -€12,178
down €12,178 (-58.5%), from €20,808 to €8,630
- Receivables within one year -€2,547
down €2,547 (-8.7%), from €29,277 to €26,730
of which Trade receivables: -€2,100
- Profit (loss) carried forward -€4,965
down €4,965, from €0 to -€4,965
- Tax, wage and social debts +€4,313
up €4,313 (+41.2%), from €10,474 to €14,787
of which Remuneration and social security: +€3,590
- Trade debts -€2,584
down €2,584 (-67.9%), from €3,806 to €1,222
- Gross operating margin -€43,049
down €43,049 (-82.6%), from €52,132 to €9,084
- Depreciation -€9,133
down €9,133 (-42.9%), from €21,311 to €12,178
- Taxes -€2,567
down €2,567 (-97.0%), from €2,646 to €78
- Financial charges -€981
down €981 (-74.5%), from €1,317 to €336
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 | €107,088 | €104,566 | -€2,522 | -2.4% |
| Fixed assets | 21/28 | €70,771 | €58,593 | -€12,178 | -17.2% |
| Tangible fixed assets | 22/27 | €20,808 | €8,630 | -€12,178 | -58.5% |
| Furniture and vehicles | 24 | €20,808 | €8,630 | -€12,178 | -58.5% |
| Financial fixed assets | 28 | €49,963 | €49,963 | = | 0.0% |
| Current assets | 29/58 | €36,317 | €45,973 | +€9,656 | +26.6% |
| Amounts receivable within one year | 40/41 | €29,277 | €26,730 | -€2,547 | -8.7% |
| Trade receivables | 40 | €21,780 | €19,680 | -€2,100 | -9.6% |
| Other amounts receivable | 41 | €7,497 | €7,050 | -€447 | -6.0% |
| Cash at bank and in hand | 54/58 | €5,611 | €17,997 | +€12,386 | +221% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,245 | -€183 | -12.8% |
| Total equity and liabilities | 10/49 | €107,088 | €104,566 | -€2,522 | -2.4% |
| Equity | 10/15 | €92,165 | €87,200 | -€4,965 | -5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,965 | €85,965 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €85,965 | €85,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€4,965 | -€4,965 | |
| Amounts payable | 17/49 | €14,923 | €17,366 | +€2,443 | +16.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,280 | €16,723 | +€2,443 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,806 | €1,222 | -€2,584 | -67.9% |
| Suppliers | 440/4 | €3,806 | €1,222 | -€2,584 | -67.9% |
| Taxes, remuneration and social security | 45 | €10,474 | €14,787 | +€4,313 | +41.2% |
| Taxes | 450/3 | €10,474 | €11,197 | +€723 | +6.9% |
| Remuneration and social security | 454/9 | - | €3,590 | +€3,590 | |
| Other amounts payable | 47/48 | €0 | €714 | +€714 | |
| Accrued charges and deferred income | 492/3 | €643 | €643 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,311 | €12,178 | -€9,133 | -42.9% |
| Other operating charges | 640/8 | €1,792 | €1,457 | -€335 | -18.7% |
| Gross operating margin | 9900 | €52,132 | €9,084 | -€43,049 | -82.6% |
| Operating profit (loss) | 9901 | €29,029 | -€4,551 | -€33,580 | |
| Financial income | 75/76B | €55 | €0 | -€55 | -99.9% |
| Recurring financial income | 75 | €55 | €0 | -€55 | -99.9% |
| Financial charges | 65/66B | €1,317 | €336 | -€981 | -74.5% |
| Recurring financial charges | 65 | €1,317 | €336 | -€981 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €27,768 | -€4,886 | -€32,655 | |
| Income taxes | 67/77 | €2,646 | €78 | -€2,567 | -97.0% |
| Profit (loss) for the period | 9904 | €25,123 | -€4,965 | -€30,087 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,123 | -€4,965 | -€30,087 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.