VAN MOERE: what changed
VAN MOERE
Largest movements
- Tangible fixed assets -€16,935
down €16,935 (-8.5%), from €199,042 to €182,108
- Cash +€3,650
up €3,650 (+9.5%), from €38,293 to €41,943
mainly Depreciation (+€16,935) and Investment in fixed assets (net) (+€718)
- Reserves -€6,348
down €6,348 (-3.9%), from €161,900 to €155,552
of which Tax-exempt reserves: -€9,096
- Provisions -€4,684
down €4,684 (-20.1%), from €23,333 to €18,649
- Trade debts -€2,540
no longer reported in 2025 (was €2,540)
- Financial income -€5,249
down €5,249 (-100.0%), from €5,249 to €0
- Taxes -€2,008
down €2,008 (-58.7%), from €3,418 to €1,411
- Depreciation -€1,445
down €1,445 (-7.9%), from €18,379 to €16,935
- Gross operating margin -€348
down €348 (-3.2%), from €10,948 to €10,599
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,381 | €224,890 | -€13,491 | -5.7% |
| Fixed assets | 21/28 | €199,760 | €182,108 | -€17,652 | -8.8% |
| Tangible fixed assets | 22/27 | €199,042 | €182,108 | -€16,935 | -8.5% |
| Land and buildings | 22 | €199,042 | €182,108 | -€16,935 | -8.5% |
| Financial fixed assets | 28 | €718 | - | -€718 | |
| Current assets | 29/58 | €38,621 | €42,782 | +€4,161 | +10.8% |
| Amounts receivable within one year | 40/41 | €328 | €839 | +€511 | +156% |
| Trade receivables | 40 | €62 | - | -€62 | |
| Other amounts receivable | 41 | €266 | €839 | +€573 | +215% |
| Cash at bank and in hand | 54/58 | €38,293 | €41,943 | +€3,650 | +9.5% |
| Total equity and liabilities | 10/49 | €238,381 | €224,890 | -€13,491 | -5.7% |
| Equity | 10/15 | €211,900 | €205,552 | -€6,348 | -3.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €161,900 | €155,552 | -€6,348 | -3.9% |
| Tax-exempt reserves | 132 | €45,314 | €36,218 | -€9,096 | -20.1% |
| Distributable reserves | 133 | €116,586 | €119,334 | +€2,748 | +2.4% |
| Provisions and deferred taxes | 16 | €23,333 | €18,649 | -€4,684 | -20.1% |
| Deferred taxes | 168 | €23,333 | €18,649 | -€4,684 | -20.1% |
| Amounts payable | 17/49 | €3,148 | €688 | -€2,460 | -78.1% |
| Amounts payable within one year | 42/48 | €3,148 | €177 | -€2,971 | -94.4% |
| Trade debts | 44 | €2,540 | - | -€2,540 | |
| Suppliers | 440/4 | €2,540 | - | -€2,540 | |
| Other amounts payable | 47/48 | €608 | €177 | -€431 | -70.9% |
| Accrued charges and deferred income | 492/3 | - | €511 | +€511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,379 | €16,935 | -€1,445 | -7.9% |
| Other operating charges | 640/8 | €2,270 | €2,339 | +€69 | +3.0% |
| Non-recurring operating charges | 66A | - | €718 | +€718 | |
| Gross operating margin | 9900 | €10,948 | €10,599 | -€348 | -3.2% |
| Operating profit (loss) | 9901 | -€9,702 | -€9,392 | +€309 | +3.2% |
| Financial income | 75/76B | €5,249 | €0 | -€5,249 | -100.0% |
| Recurring financial income | 75 | €5,249 | €0 | -€5,249 | -100.0% |
| Financial charges | 65/66B | €190 | €228 | +€38 | +20.1% |
| Recurring financial charges | 65 | €190 | €228 | +€38 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,643 | -€9,621 | -€4,978 | -107% |
| Transfer from deferred taxes | 780 | €5,129 | €4,684 | -€445 | -8.7% |
| Income taxes | 67/77 | €3,418 | €1,411 | -€2,008 | -58.7% |
| Profit (loss) for the period | 9904 | -€2,932 | -€6,348 | -€3,416 | -116% |
| Transfer from tax-exempt reserves | 789 | €9,960 | €9,096 | -€865 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,028 | €2,748 | -€4,280 | -60.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.