iMORFOSE: 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.
iMORFOSE
Largest movements
- Receivables within one year -€17,977
down €17,977 (-86.9%), from €20,696 to €2,719
of which Trade receivables: -€14,148
- Cash +€13,679
up €13,679 (+56.4%), from €24,267 to €37,946
mainly Receivables within one year (+€17,977) and Debts after one year (+€12,303)
- Profit (loss) carried forward -€18,099
down €18,099 (-48.3%), from -€37,503 to -€55,602
- Debts after one year +€12,303
up €12,303 (+15.1%), from €81,624 to €93,927
- Trade debts +€1,705
up €1,705 (+132%), from €1,294 to €3,000
- Gross operating margin -€97,837
down €97,837, from €85,573 to -€12,264
- Financial charges -€7,082
down €7,082 (-68.8%), from €10,291 to €3,209
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 | €64,758 | €60,501 | -€4,258 | -6.6% |
| Fixed assets | 21/28 | €4,795 | €4,836 | +€41 | +0.9% |
| Tangible fixed assets | 22/27 | €4,795 | €4,836 | +€41 | +0.9% |
| Plant, machinery and equipment | 23 | €775 | €570 | -€204 | -26.4% |
| Furniture and vehicles | 24 | €4,020 | €4,266 | +€245 | +6.1% |
| Current assets | 29/58 | €59,963 | €55,665 | -€4,299 | -7.2% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,696 | €2,719 | -€17,977 | -86.9% |
| Trade receivables | 40 | €15,656 | €1,507 | -€14,148 | -90.4% |
| Other amounts receivable | 41 | €5,040 | €1,212 | -€3,829 | -76.0% |
| Cash at bank and in hand | 54/58 | €24,267 | €37,946 | +€13,679 | +56.4% |
| Total equity and liabilities | 10/49 | €64,758 | €60,501 | -€4,258 | -6.6% |
| Equity | 10/15 | -€18,959 | -€37,058 | -€18,099 | -95.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,144 | €6,144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €4,144 | €4,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,503 | -€55,602 | -€18,099 | -48.3% |
| Amounts payable | 17/49 | €83,718 | €97,559 | +€13,841 | +16.5% |
| Amounts payable after more than one year | 17 | €81,624 | €93,927 | +€12,303 | +15.1% |
| Financial debts | 170/4 | €81,624 | €93,927 | +€12,303 | +15.1% |
| Amounts payable within one year | 42/48 | €1,461 | €3,000 | +€1,538 | +105% |
| Trade debts | 44 | €1,294 | €3,000 | +€1,705 | +132% |
| Suppliers | 440/4 | €1,294 | €3,000 | +€1,705 | +132% |
| Taxes, remuneration and social security | 45 | €167 | - | -€167 | |
| Taxes | 450/3 | €167 | - | -€167 | |
| Accrued charges and deferred income | 492/3 | €632 | €632 | = | 0.0% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,326 | €1,612 | +€286 | +21.6% |
| Other operating charges | 640/8 | €823 | €1,033 | +€210 | +25.5% |
| Gross operating margin | 9900 | €85,573 | -€12,264 | -€97,837 | |
| Operating profit (loss) | 9901 | €83,424 | -€14,909 | -€98,333 | |
| Financial income | 75/76B | €127 | €19 | -€108 | -85.2% |
| Recurring financial income | 75 | €127 | €19 | -€108 | -85.2% |
| Financial charges | 65/66B | €10,291 | €3,209 | -€7,082 | -68.8% |
| Recurring financial charges | 65 | €10,291 | €3,209 | -€7,082 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €73,260 | -€18,099 | -€91,359 | |
| Profit (loss) for the period | 9904 | €73,260 | -€18,099 | -€91,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,260 | -€18,099 | -€91,359 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.