Moeras: 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.
Moeras
Largest movements
- Receivables within one year -€51,291
down €51,291 (-40.5%), from €126,526 to €75,235
of which Trade receivables: -€75,020
- Tangible fixed assets -€27,062
down €27,062 (-32.6%), from €82,932 to €55,871
of which Leasing and similar rights: -€20,810
- Cash +€3,813
up €3,813 (+9.0%), from €42,187 to €46,000
mainly Receivables within one year (+€51,291) and Depreciation (+€27,062)
- Other debts -€69,627
down €69,627 (-55.5%), from €125,398 to €55,771
- Debts after one year -€21,336
down €21,336 (-85.6%), from €24,920 to €3,584
- Tax, wage and social debts +€16,908
up €16,908 (+49.7%), from €34,044 to €50,951
of which Remuneration and social security: +€12,000
- Trade debts -€3,987
down €3,987 (-88.1%), from €4,524 to €537
- Profit (loss) carried forward +€3,431
up €3,431 (+2.3%), from -€147,788 to -€144,356
- Gross operating margin +€110,733
up €110,733, from -€73,193 to €37,540
- Financial charges -€9,294
down €9,294 (-87.6%), from €10,609 to €1,315
- Other operating charges +€1,431
up €1,431 (+35.5%), from €4,032 to €5,464
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 | €251,645 | €177,325 | -€74,320 | -29.5% |
| Fixed assets | 21/28 | €82,932 | €55,871 | -€27,062 | -32.6% |
| Tangible fixed assets | 22/27 | €82,932 | €55,871 | -€27,062 | -32.6% |
| Plant, machinery and equipment | 23 | €2,206 | €1,460 | -€746 | -33.8% |
| Furniture and vehicles | 24 | €35,523 | €30,018 | -€5,506 | -15.5% |
| Leasing and similar rights | 25 | €45,203 | €24,393 | -€20,810 | -46.0% |
| Current assets | 29/58 | €168,713 | €121,455 | -€47,258 | -28.0% |
| Amounts receivable within one year | 40/41 | €126,526 | €75,235 | -€51,291 | -40.5% |
| Trade receivables | 40 | €107,085 | €32,065 | -€75,020 | -70.1% |
| Other amounts receivable | 41 | €19,441 | €43,170 | +€23,729 | +122% |
| Cash at bank and in hand | 54/58 | €42,187 | €46,000 | +€3,813 | +9.0% |
| Deferred charges and accrued income | 490/1 | - | €220 | +€220 | |
| Total equity and liabilities | 10/49 | €251,645 | €177,325 | -€74,320 | -29.5% |
| Equity | 10/15 | €41,715 | €45,146 | +€3,431 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,902 | €170,902 | = | 0.0% |
| Distributable reserves | 133 | €170,902 | €170,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,788 | -€144,356 | +€3,431 | +2.3% |
| Amounts payable | 17/49 | €209,930 | €132,179 | -€77,751 | -37.0% |
| Amounts payable after more than one year | 17 | €24,920 | €3,584 | -€21,336 | -85.6% |
| Financial debts | 170/4 | €24,920 | €3,584 | -€21,336 | -85.6% |
| Amounts payable within one year | 42/48 | €185,010 | €128,595 | -€56,415 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €21,045 | €21,336 | +€290 | +1.4% |
| Trade debts | 44 | €4,524 | €537 | -€3,987 | -88.1% |
| Suppliers | 440/4 | €4,524 | €537 | -€3,987 | -88.1% |
| Taxes, remuneration and social security | 45 | €34,044 | €50,951 | +€16,908 | +49.7% |
| Taxes | 450/3 | €34,044 | €38,951 | +€4,908 | +14.4% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €125,398 | €55,771 | -€69,627 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,062 | €27,062 | = | 0.0% |
| Other operating charges | 640/8 | €4,032 | €5,464 | +€1,431 | +35.5% |
| Gross operating margin | 9900 | -€73,193 | €37,540 | +€110,733 | |
| Operating profit (loss) | 9901 | -€104,287 | €5,014 | +€109,302 | |
| Financial income | 75/76B | €143 | €282 | +€140 | +98.0% |
| Recurring financial income | 75 | €143 | €282 | +€140 | +98.0% |
| Financial charges | 65/66B | €10,609 | €1,315 | -€9,294 | -87.6% |
| Recurring financial charges | 65 | €10,609 | €1,315 | -€9,294 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€114,754 | €3,981 | +€118,735 | |
| Income taxes | 67/77 | €360 | €550 | +€190 | +52.7% |
| Profit (loss) for the period | 9904 | -€115,114 | €3,431 | +€118,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115,114 | €3,431 | +€118,546 |
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 1 November 2026 via checked.be.