CARRIERES MORIS: 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.
CARRIERES MORIS
Largest movements
- Tangible fixed assets +€462,013
up €462,013 (+27.0%), from €1.7m to €2.2m
of which Leasing and similar rights: +€484,934
- Stocks and contracts +€436,061
up €436,061 (+32.9%), from €1.3m to €1.8m
of which Stocks: +€398,561
- Receivables within one year -€166,939
down €166,939 (-34.5%), from €484,348 to €317,409
of which Other amounts receivable: -€88,406
- Debts after one year +€344,991
up €344,991 (+27.4%), from €1.3m to €1.6m
of which Financial debts: +€344,991
- Trade debts +€315,694
up €315,694 (+81.7%), from €386,418 to €702,113
- Current portion of long-term debt +€74,297
up €74,297 (+18.6%), from €400,055 to €474,352
- Financial charges -€41,689
down €41,689 (-23.3%), from €178,685 to €136,997
- Depreciation +€24,964
up €24,964 (+8.1%), from €308,300 to €333,264
- Other operating charges +€23,661
up €23,661 (+155%), from €15,308 to €38,969
- Gross operating margin -€15,849
down €15,849 (-1.6%), from €990,978 to €975,129
- Taxes -€11,474
down €11,474 (-82.4%), from €13,928 to €2,454
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 | €3,714,751 | €4,411,072 | +€696,321 | +18.7% |
| Fixed assets | 21/28 | €1,713,234 | €2,175,247 | +€462,013 | +27.0% |
| Tangible fixed assets | 22/27 | €1,710,670 | €2,172,683 | +€462,013 | +27.0% |
| Land and buildings | 22 | €1,011,154 | €1,011,878 | +€724 | +0.1% |
| Plant, machinery and equipment | 23 | €65,767 | €50,951 | -€14,817 | -22.5% |
| Furniture and vehicles | 24 | €38,134 | €32,846 | -€5,288 | -13.9% |
| Leasing and similar rights | 25 | €581,877 | €1,066,812 | +€484,934 | +83.3% |
| Other tangible fixed assets | 26 | €13,737 | €10,197 | -€3,541 | -25.8% |
| Financial fixed assets | 28 | €2,564 | €2,564 | = | 0.0% |
| Current assets | 29/58 | €2,001,517 | €2,235,825 | +€234,308 | +11.7% |
| Stocks and contracts in progress | 3 | €1,326,119 | €1,762,180 | +€436,061 | +32.9% |
| Stocks | 30/36 | €1,326,119 | €1,724,680 | +€398,561 | +30.1% |
| Contracts in progress | 37 | - | €37,500 | +€37,500 | |
| Amounts receivable within one year | 40/41 | €484,348 | €317,409 | -€166,939 | -34.5% |
| Trade receivables | 40 | €352,388 | €273,856 | -€78,533 | -22.3% |
| Other amounts receivable | 41 | €131,960 | €43,554 | -€88,406 | -67.0% |
| Cash at bank and in hand | 54/58 | €141,487 | €131,333 | -€10,154 | -7.2% |
| Deferred charges and accrued income | 490/1 | €49,563 | €24,903 | -€24,660 | -49.8% |
| Total equity and liabilities | 10/49 | €3,714,751 | €4,411,072 | +€696,321 | +18.7% |
| Equity | 10/15 | €787,116 | €766,137 | -€20,979 | -2.7% |
| Contributions | 10/11 | €286,317 | €286,317 | = | 0.0% |
| Reserves | 13 | €500,799 | €479,820 | -€20,979 | -4.2% |
| Distributable reserves | 133 | €500,799 | €479,820 | -€20,979 | -4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,927,634 | €3,644,935 | +€717,301 | +24.5% |
| Amounts payable after more than one year | 17 | €1,260,681 | €1,605,672 | +€344,991 | +27.4% |
| Financial debts | 170/4 | €1,259,381 | €1,604,372 | +€344,991 | +27.4% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,666,953 | €2,039,263 | +€372,309 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €400,055 | €474,352 | +€74,297 | +18.6% |
| Financial debts | 43 | €774,500 | €786,389 | +€11,889 | +1.5% |
| Credit institutions | 430/8 | €774,500 | €786,389 | +€11,889 | +1.5% |
| Trade debts | 44 | €386,418 | €702,113 | +€315,694 | +81.7% |
| Suppliers | 440/4 | €386,418 | €702,113 | +€315,694 | +81.7% |
| Taxes, remuneration and social security | 45 | €57,632 | €44,209 | -€13,423 | -23.3% |
| Taxes | 450/3 | €14,120 | €8,406 | -€5,714 | -40.5% |
| Remuneration and social security | 454/9 | €43,512 | €35,803 | -€7,709 | -17.7% |
| Other amounts payable | 47/48 | €48,348 | €32,200 | -€16,148 | -33.4% |
| Non-recurring operating income | 76A | €415 | €0 | -€415 | -100% |
| Remuneration, social security and pensions | 62 | €326,172 | €316,293 | -€9,879 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,300 | €333,264 | +€24,964 | +8.1% |
| Other operating charges | 640/8 | €15,308 | €38,969 | +€23,661 | +155% |
| Non-recurring operating charges | 66A | €144,434 | €134,690 | -€9,744 | -6.7% |
| Gross operating margin | 9900 | €990,978 | €975,129 | -€15,849 | -1.6% |
| Operating profit (loss) | 9901 | €196,764 | €151,912 | -€44,851 | -22.8% |
| Financial income | 75/76B | €5,564 | €3,931 | -€1,633 | -29.4% |
| Recurring financial income | 75 | €5,564 | €3,931 | -€1,633 | -29.4% |
| Financial charges | 65/66B | €178,685 | €136,997 | -€41,689 | -23.3% |
| Recurring financial charges | 65 | €178,685 | €136,997 | -€41,689 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €23,642 | €18,846 | -€4,796 | -20.3% |
| Income taxes | 67/77 | €13,928 | €2,454 | -€11,474 | -82.4% |
| Profit (loss) for the period | 9904 | €9,714 | €16,392 | +€6,679 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,714 | €16,392 | +€6,679 | +68.8% |
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 21 October 2026 via checked.be.