VAN MOER MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€46,918
down €46,918 (-24.5%), from €191,374 to €144,456
of which Other amounts receivable: -€26,566
- Cash -€32,266
down €32,266 (-75.8%), from €42,575 to €10,309
mainly Trade debts (-€448,257) and Net result for the year (-€33,165)
- Tangible fixed assets -€27,351
down €27,351 (-23.5%), from €116,459 to €89,107
- Trade debts -€448,257
down €448,257 (-98.2%), from €456,438 to €8,181
- Other debts +€346,912
up €346,912, from €0 to €346,912
- Profit (loss) carried forward -€33,165
down €33,165 (-24.4%), from -€135,966 to -€169,131
- Accrued charges and deferred income +€29,013
new in 2025: €29,013
- Gross operating margin +€60,523
up €60,523 (+92.5%), from -€65,438 to -€4,916
- Financial income -€2,051
down €2,051 (-28.4%), from €7,218 to €5,168
- Other operating charges -€1,079
down €1,079 (-44.3%), from €2,435 to €1,356
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 | €350,408 | €244,239 | -€106,169 | -30.3% |
| Fixed assets | 21/28 | €116,459 | €89,107 | -€27,351 | -23.5% |
| Tangible fixed assets | 22/27 | €116,459 | €89,107 | -€27,351 | -23.5% |
| Furniture and vehicles | 24 | €116,459 | €89,107 | -€27,351 | -23.5% |
| Current assets | 29/58 | €233,950 | €155,132 | -€78,818 | -33.7% |
| Amounts receivable within one year | 40/41 | €191,374 | €144,456 | -€46,918 | -24.5% |
| Trade receivables | 40 | €66,332 | €45,980 | -€20,352 | -30.7% |
| Other amounts receivable | 41 | €125,042 | €98,476 | -€26,566 | -21.2% |
| Cash at bank and in hand | 54/58 | €42,575 | €10,309 | -€32,266 | -75.8% |
| Deferred charges and accrued income | 490/1 | €0 | €367 | +€367 | |
| Total equity and liabilities | 10/49 | €350,408 | €244,239 | -€106,169 | -30.3% |
| Equity | 10/15 | -€112,332 | -€145,497 | -€33,165 | -29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,035 | €5,035 | = | 0.0% |
| Distributable reserves | 133 | €5,035 | €5,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,966 | -€169,131 | -€33,165 | -24.4% |
| Amounts payable | 17/49 | €462,740 | €389,736 | -€73,004 | -15.8% |
| Amounts payable within one year | 42/48 | €462,740 | €360,723 | -€102,017 | -22.0% |
| Trade debts | 44 | €456,438 | €8,181 | -€448,257 | -98.2% |
| Suppliers | 440/4 | €456,438 | €8,181 | -€448,257 | -98.2% |
| Taxes, remuneration and social security | 45 | €6,302 | €5,630 | -€672 | -10.7% |
| Taxes | 450/3 | €6,302 | €5,630 | -€672 | -10.7% |
| Other amounts payable | 47/48 | €0 | €346,912 | +€346,912 | |
| Accrued charges and deferred income | 492/3 | - | €29,013 | +€29,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,048 | €31,178 | +€130 | +0.4% |
| Other operating charges | 640/8 | €2,435 | €1,356 | -€1,079 | -44.3% |
| Non-recurring operating charges | 66A | €82 | €0 | -€82 | -100% |
| Gross operating margin | 9900 | -€65,438 | -€4,916 | +€60,523 | +92.5% |
| Operating profit (loss) | 9901 | -€99,003 | -€37,450 | +€61,554 | +62.2% |
| Financial income | 75/76B | €7,218 | €5,168 | -€2,051 | -28.4% |
| Recurring financial income | 75 | €7,218 | €5,168 | -€2,051 | -28.4% |
| Financial charges | 65/66B | €860 | €707 | -€153 | -17.8% |
| Recurring financial charges | 65 | €860 | €707 | -€153 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€92,645 | -€32,989 | +€59,655 | +64.4% |
| Income taxes | 67/77 | €203 | €176 | -€28 | -13.6% |
| Profit (loss) for the period | 9904 | -€92,848 | -€33,165 | +€59,683 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,848 | -€33,165 | +€59,683 | +64.3% |
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.