VAN MOER M. CONSTRUCTIES: what changed
Two fiscal 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 M. CONSTRUCTIES
Largest movements
- Receivables within one year -€255,947
down €255,947 (-91.7%), from €279,219 to €23,272
of which Trade receivables: -€252,753
- Cash +€110,218
up €110,218 (+1120.7%), from €9,835 to €120,054
mainly Receivables within one year (+€255,947) and Net result for the year (+€27,277)
- Tangible fixed assets +€45,681
up €45,681 (+19.5%), from €234,325 to €280,006
of which Furniture and vehicles: +€37,198
- Stocks and contracts +€32,257
up €32,257 (+52.4%), from €61,557 to €93,814
of which Stocks: +€24,870
- Trade debts -€50,234
down €50,234 (-64.2%), from €78,243 to €28,009
- Reserves +€27,277
up €27,277 (+13.6%), from €200,293 to €227,570
of which Distributable reserves: +€27,277
- Short-term financial debts -€25,992
down €25,992 (-100.0%), from €25,992 to €0
- Other debts -€14,490
down €14,490 (-6.3%), from €228,798 to €214,309
- Debts after one year -€6,205
down €6,205 (-27.2%), from €22,827 to €16,622
- Gross operating margin -€73,879
down €73,879 (-32.9%), from €224,781 to €150,902
- Taxes -€20,787
down €20,787 (-56.4%), from €36,853 to €16,066
- Depreciation +€4,891
up €4,891 (+63.7%), from €7,675 to €12,566
- Other operating charges -€4,362
down €4,362 (-52.9%), from €8,245 to €3,883
- Staff costs +€4,243
up €4,243 (+6.5%), from €65,361 to €69,604
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.
Cash bridge derived
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 | €589,125 | €523,299 | -€65,826 | -11.2% |
| Fixed assets | 21/28 | €234,325 | €280,006 | +€45,681 | +19.5% |
| Tangible fixed assets | 22/27 | €234,325 | €280,006 | +€45,681 | +19.5% |
| Land and buildings | 22 | €204,812 | €203,613 | -€1,199 | -0.6% |
| Plant, machinery and equipment | 23 | €260 | €9,943 | +€9,682 | +3717.9% |
| Furniture and vehicles | 24 | €29,253 | €66,451 | +€37,198 | +127.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €354,799 | €243,293 | -€111,507 | -31.4% |
| Stocks and contracts in progress | 3 | €61,557 | €93,814 | +€32,257 | +52.4% |
| Stocks | 30/36 | €61,557 | €86,427 | +€24,870 | +40.4% |
| Contracts in progress | 37 | €0 | €7,387 | +€7,387 | |
| Amounts receivable within one year | 40/41 | €279,219 | €23,272 | -€255,947 | -91.7% |
| Trade receivables | 40 | €264,225 | €11,472 | -€252,753 | -95.7% |
| Other amounts receivable | 41 | €14,994 | €11,800 | -€3,194 | -21.3% |
| Cash at bank and in hand | 54/58 | €9,835 | €120,054 | +€110,218 | +1120.7% |
| Deferred charges and accrued income | 490/1 | €4,188 | €6,153 | +€1,965 | +46.9% |
| Total equity and liabilities | 10/49 | €589,125 | €523,299 | -€65,826 | -11.2% |
| Equity | 10/15 | €206,493 | €233,770 | +€27,277 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €200,293 | €227,570 | +€27,277 | +13.6% |
| Tax-exempt reserves | 132 | €8,685 | €8,685 | = | 0.0% |
| Distributable reserves | 133 | €191,608 | €218,885 | +€27,277 | +14.2% |
| Amounts payable | 17/49 | €382,631 | €289,528 | -€93,103 | -24.3% |
| Amounts payable after more than one year | 17 | €22,827 | €16,622 | -€6,205 | -27.2% |
| Financial debts | 170/4 | €22,827 | €16,622 | -€6,205 | -27.2% |
| Amounts payable within one year | 42/48 | €350,851 | €263,103 | -€87,748 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €5,966 | €6,205 | +€239 | +4.0% |
| Financial debts | 43 | €25,992 | €0 | -€25,992 | -100.0% |
| Credit institutions | 430/8 | €25,992 | €0 | -€25,992 | -100.0% |
| Trade debts | 44 | €78,243 | €28,009 | -€50,234 | -64.2% |
| Suppliers | 440/4 | €78,243 | €28,009 | -€50,234 | -64.2% |
| Taxes, remuneration and social security | 45 | €11,853 | €14,580 | +€2,727 | +23.0% |
| Taxes | 450/3 | €11,853 | €14,580 | +€2,727 | +23.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €228,798 | €214,309 | -€14,490 | -6.3% |
| Accrued charges and deferred income | 492/3 | €8,953 | €9,803 | +€850 | +9.5% |
| Remuneration, social security and pensions | 62 | €65,361 | €69,604 | +€4,243 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,675 | €12,566 | +€4,891 | +63.7% |
| Other operating charges | 640/8 | €8,245 | €3,883 | -€4,362 | -52.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €224,781 | €150,902 | -€73,879 | -32.9% |
| Operating profit (loss) | 9901 | €143,500 | €64,849 | -€78,652 | -54.8% |
| Financial income | 75/76B | €2 | €39 | +€37 | +1569.7% |
| Recurring financial income | 75 | €2 | €39 | +€37 | +1569.7% |
| Financial charges | 65/66B | €20,473 | €21,544 | +€1,071 | +5.2% |
| Recurring financial charges | 65 | €20,473 | €21,544 | +€1,071 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €123,030 | €43,343 | -€79,686 | -64.8% |
| Income taxes | 67/77 | €36,853 | €16,066 | -€20,787 | -56.4% |
| Profit (loss) for the period | 9904 | €86,176 | €27,277 | -€58,899 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,176 | €27,277 | -€58,899 | -68.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.