Dr. Moriën: 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.
Dr. Moriën
Largest movements
- Current investments -€159,475
down €159,475 (-10.4%), from €1.5m to €1.4m
- Deferred charges and accrued income -€49,861
down €49,861 (-91.1%), from €54,723 to €4,862
- Debts after one year -€246,162
no longer reported in 2025 (was €246,162)
of which Other amounts payable: -€240,000
- Reserves +€57,196
up €57,196 (+4.2%), from €1.4m to €1.4m
- Tax, wage and social debts -€21,458
down €21,458 (-81.0%), from €26,476 to €5,018
of which Taxes: -€14,229
- Other debts +€18,080
up €18,080 (+87.2%), from €20,735 to €38,815
- Gross operating margin -€149,190
down €149,190 (-59.4%), from €251,159 to €101,969
- Taxes -€35,683
down €35,683 (-62.4%), from €57,221 to €21,538
- Depreciation -€19,122
down €19,122 (-52.7%), from €36,294 to €17,173
- Financial charges -€18,584
down €18,584 (-96.1%), from €19,347 to €763
- Staff costs -€17,659
down €17,659 (-49.1%), from €35,981 to €18,322
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 | €1,685,153 | €1,474,734 | -€210,419 | -12.5% |
| Fixed assets | 21/28 | €42,483 | €26,280 | -€16,204 | -38.1% |
| Tangible fixed assets | 22/27 | €42,208 | €26,005 | -€16,204 | -38.4% |
| Land and buildings | 22 | €25,702 | €12,167 | -€13,535 | -52.7% |
| Plant, machinery and equipment | 23 | €3,271 | €2,001 | -€1,269 | -38.8% |
| Furniture and vehicles | 24 | €13,236 | €11,836 | -€1,399 | -10.6% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €1,642,670 | €1,448,455 | -€194,215 | -11.8% |
| Amounts receivable within one year | 40/41 | €189 | €2,059 | +€1,870 | +988.2% |
| Trade receivables | 40 | €189 | €212 | +€23 | +11.9% |
| Other amounts receivable | 41 | - | €1,847 | +€1,847 | |
| Current investments | 50/53 | €1,526,604 | €1,367,129 | -€159,475 | -10.4% |
| Cash at bank and in hand | 54/58 | €61,154 | €74,405 | +€13,251 | +21.7% |
| Deferred charges and accrued income | 490/1 | €54,723 | €4,862 | -€49,861 | -91.1% |
| Total equity and liabilities | 10/49 | €1,685,153 | €1,474,734 | -€210,419 | -12.5% |
| Equity | 10/15 | €1,362,961 | €1,420,157 | +€57,196 | +4.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,356,711 | €1,413,907 | +€57,196 | +4.2% |
| Distributable reserves | 133 | €1,356,711 | €1,413,907 | +€57,196 | +4.2% |
| Amounts payable | 17/49 | €322,193 | €54,577 | -€267,615 | -83.1% |
| Amounts payable after more than one year | 17 | €246,162 | - | -€246,162 | |
| Financial debts | 170/4 | €6,162 | - | -€6,162 | |
| Other amounts payable | 178/9 | €240,000 | - | -€240,000 | |
| Amounts payable within one year | 42/48 | €57,383 | €52,777 | -€4,605 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €7,344 | €6,162 | -€1,182 | -16.1% |
| Trade debts | 44 | €2,829 | €2,783 | -€46 | -1.6% |
| Suppliers | 440/4 | €2,829 | €2,783 | -€46 | -1.6% |
| Taxes, remuneration and social security | 45 | €26,476 | €5,018 | -€21,458 | -81.0% |
| Taxes | 450/3 | €19,248 | €5,018 | -€14,229 | -73.9% |
| Remuneration and social security | 454/9 | €7,228 | - | -€7,228 | |
| Other amounts payable | 47/48 | €20,735 | €38,815 | +€18,080 | +87.2% |
| Accrued charges and deferred income | 492/3 | €18,648 | €1,800 | -€16,848 | -90.3% |
| Remuneration, social security and pensions | 62 | €35,981 | €18,322 | -€17,659 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,294 | €17,173 | -€19,122 | -52.7% |
| Other operating charges | 640/8 | €2,166 | €2,231 | +€65 | +3.0% |
| Gross operating margin | 9900 | €251,159 | €101,969 | -€149,190 | -59.4% |
| Operating profit (loss) | 9901 | €176,717 | €64,242 | -€112,475 | -63.6% |
| Financial income | 75/76B | €24,014 | €16,155 | -€7,859 | -32.7% |
| Recurring financial income | 75 | €24,014 | €16,155 | -€7,859 | -32.7% |
| Financial charges | 65/66B | €19,347 | €763 | -€18,584 | -96.1% |
| Recurring financial charges | 65 | €19,347 | €763 | -€18,584 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €181,385 | €79,635 | -€101,750 | -56.1% |
| Income taxes | 67/77 | €57,221 | €21,538 | -€35,683 | -62.4% |
| Profit (loss) for the period | 9904 | €124,163 | €58,096 | -€66,067 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €124,163 | €58,096 | -€66,067 | -53.2% |
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 5 October 2026 via checked.be.