VAN MOORSEL GROUP: 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 MOORSEL GROUP
Largest movements
- Receivables within one year +€42,050
up €42,050 (+87.3%), from €48,176 to €90,226
- Tangible fixed assets +€21,157
new in 2025: €21,157
- Debts after one year +€26,246
new in 2025: €26,246
- Trade debts +€25,251
up €25,251 (+236%), from €10,687 to €35,938
- Profit (loss) carried forward +€9,899
up €9,899 (+43.0%), from €23,040 to €32,939
- Other debts +€3,315
up €3,315 (+249%), from €1,333 to €4,648
- Tax, wage and social debts -€1,259
down €1,259 (-6.0%), from €21,027 to €19,768
of which Taxes: -€1,259
- Gross operating margin -€5,646
down €5,646 (-21.9%), from €25,767 to €20,122
- Other operating charges +€2,600
up €2,600 (+377%), from €690 to €3,291
- Depreciation +€2,351
new in 2025: €2,351
- Taxes -€500
down €500 (-10.1%), from €4,969 to €4,469
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 | €58,087 | €121,538 | +€63,451 | +109% |
| Fixed assets | 21/28 | €9,000 | €30,157 | +€21,157 | +235% |
| Tangible fixed assets | 22/27 | - | €21,157 | +€21,157 | |
| Furniture and vehicles | 24 | - | €21,157 | +€21,157 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €49,087 | €91,381 | +€42,294 | +86.2% |
| Amounts receivable within one year | 40/41 | €48,176 | €90,226 | +€42,050 | +87.3% |
| Trade receivables | 40 | €48,176 | €90,226 | +€42,050 | +87.3% |
| Cash at bank and in hand | 54/58 | €911 | €1,155 | +€244 | +26.8% |
| Total equity and liabilities | 10/49 | €58,087 | €121,538 | +€63,451 | +109% |
| Equity | 10/15 | €25,040 | €34,939 | +€9,899 | +39.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,040 | €32,939 | +€9,899 | +43.0% |
| Amounts payable | 17/49 | €33,047 | €86,599 | +€53,552 | +162% |
| Amounts payable after more than one year | 17 | - | €26,246 | +€26,246 | |
| Financial debts | 170/4 | - | €26,246 | +€26,246 | |
| Amounts payable within one year | 42/48 | €33,047 | €60,354 | +€27,307 | +82.6% |
| Trade debts | 44 | €10,687 | €35,938 | +€25,251 | +236% |
| Suppliers | 440/4 | €10,687 | €35,938 | +€25,251 | +236% |
| Taxes, remuneration and social security | 45 | €21,027 | €19,768 | -€1,259 | -6.0% |
| Taxes | 450/3 | €8,037 | €6,778 | -€1,259 | -15.7% |
| Remuneration and social security | 454/9 | €12,990 | €12,990 | = | 0.0% |
| Other amounts payable | 47/48 | €1,333 | €4,648 | +€3,315 | +249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,351 | +€2,351 | |
| Other operating charges | 640/8 | €690 | €3,291 | +€2,600 | +377% |
| Gross operating margin | 9900 | €25,767 | €20,122 | -€5,646 | -21.9% |
| Operating profit (loss) | 9901 | €25,077 | €14,480 | -€10,597 | -42.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €236 | €113 | -€124 | -52.3% |
| Recurring financial charges | 65 | €236 | €113 | -€124 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €24,841 | €14,367 | -€10,473 | -42.2% |
| Income taxes | 67/77 | €4,969 | €4,469 | -€500 | -10.1% |
| Profit (loss) for the period | 9904 | €19,871 | €9,899 | -€9,973 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,871 | €9,899 | -€9,973 | -50.2% |
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 24 October 2026 via checked.be.