Van Moerbeke: 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 Moerbeke
Largest movements
- Cash +€7,363
up €7,363 (+12.8%), from €57,651 to €65,014
mainly Net result for the year (+€7,794) and Tax, wage and social debts (+€4,505)
- Tangible fixed assets +€2,883
up €2,883 (+6.5%), from €44,272 to €47,155
of which Plant, machinery and equipment: +€4,500
- Deferred charges and accrued income +€1,980
up €1,980 (+261.2%), from €758 to €2,738
- Reserves +€7,790
up €7,790 (+11.8%), from €66,088 to €73,878
of which Distributable reserves: +€7,790
- Tax, wage and social debts +€4,505
up €4,505 (+81.8%), from €5,510 to €10,015
- Gross operating margin -€1,355
down €1,355 (-7.0%), from €19,357 to €18,001
- Depreciation +€973
up €973 (+60.3%), from €1,613 to €2,586
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 | €118,813 | €131,227 | +€12,414 | +10.4% |
| Fixed assets | 21/28 | €44,371 | €47,255 | +€2,883 | +6.5% |
| Tangible fixed assets | 22/27 | €44,272 | €47,155 | +€2,883 | +6.5% |
| Land and buildings | 22 | €44,272 | €42,655 | -€1,617 | -3.7% |
| Plant, machinery and equipment | 23 | - | €4,500 | +€4,500 | |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €74,442 | €83,973 | +€9,531 | +12.8% |
| Amounts receivable within one year | 40/41 | €16,033 | €16,221 | +€188 | +1.2% |
| Trade receivables | 40 | €4,470 | €0 | -€4,470 | -100.0% |
| Other amounts receivable | 41 | €11,563 | €16,221 | +€4,658 | +40.3% |
| Cash at bank and in hand | 54/58 | €57,651 | €65,014 | +€7,363 | +12.8% |
| Deferred charges and accrued income | 490/1 | €758 | €2,738 | +€1,980 | +261.2% |
| Total equity and liabilities | 10/49 | €118,813 | €131,227 | +€12,414 | +10.4% |
| Equity | 10/15 | €113,250 | €121,044 | +€7,794 | +6.9% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €66,088 | €73,878 | +€7,790 | +11.8% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €64,105 | €71,895 | +€7,790 | +12.2% |
| Profit (loss) carried forward | 14 | €27,331 | €27,334 | +€4 | 0.0% |
| Amounts payable | 17/49 | €5,563 | €10,184 | +€4,620 | +83.1% |
| Amounts payable within one year | 42/48 | €5,563 | €10,184 | +€4,620 | +83.1% |
| Trade debts | 44 | €53 | €168 | +€115 | +216.3% |
| Suppliers | 440/4 | €53 | €168 | +€115 | +216.3% |
| Taxes, remuneration and social security | 45 | €5,510 | €10,015 | +€4,505 | +81.8% |
| Taxes | 450/3 | €5,510 | €10,015 | +€4,505 | +81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,613 | €2,586 | +€973 | +60.3% |
| Other operating charges | 640/8 | €2,638 | €2,704 | +€66 | +2.5% |
| Gross operating margin | 9900 | €19,357 | €18,001 | -€1,355 | -7.0% |
| Operating profit (loss) | 9901 | €15,105 | €12,711 | -€2,394 | -15.8% |
| Financial income | 75/76B | €608 | €774 | +€166 | +27.3% |
| Recurring financial income | 75 | €608 | €774 | +€166 | +27.3% |
| Financial charges | 65/66B | €44 | €47 | +€3 | +7.5% |
| Recurring financial charges | 65 | €44 | €47 | +€3 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €15,670 | €13,438 | -€2,231 | -14.2% |
| Income taxes | 67/77 | €5,477 | €5,645 | +€168 | +3.1% |
| Profit (loss) for the period | 9904 | €10,193 | €7,794 | -€2,399 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,193 | €7,794 | -€2,399 | -23.5% |
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 7 October 2026 via checked.be.