La Maison Morel: 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.
La Maison Morel
Largest movements
- Cash +€7,393
up €7,393 (+1,274%), from €580 to €7,973
mainly Depreciation (+€9,737) and Net result for the year (+€8,838)
- Tangible fixed assets +€6,410
up €6,410 (+25.3%), from €25,353 to €31,763
of which Furniture and vehicles: +€9,091
- Receivables within one year +€1,439
up €1,439 (+20.2%), from €7,133 to €8,571
of which Trade receivables: +€5,021
- Debts after one year +€8,173
new in 2025: €8,173
- Other debts +€4,850
up €4,850 (+37.0%), from €13,122 to €17,972
- Profit (loss) carried forward +€1,838
up €1,838, from -€20 to €1,818
- Current portion of long-term debt +€925
up €925 (+13.4%), from €6,902 to €7,827
- Trade debts -€825
down €825 (-55.5%), from €1,488 to €663
- Gross operating margin +€9,414
up €9,414 (+77.1%), from €12,207 to €21,621
- Turnover +€6,740
up €6,740 (+8.3%), from €80,992 to €87,732
- Purchases and services -€2,674
down €2,674 (-3.9%), from €68,785 to €66,111
- Taxes +€2,232
up €2,232 (+729%), from €306 to €2,538
- Other operating charges -€2,018
down €2,018 (-95.3%), from €2,118 to €100
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 | €34,280 | €49,380 | +€15,100 | +44.0% |
| Fixed assets | 21/28 | €25,803 | €31,763 | +€5,960 | +23.1% |
| Tangible fixed assets | 22/27 | €25,353 | €31,763 | +€6,410 | +25.3% |
| Plant, machinery and equipment | 23 | €2,148 | €530 | -€1,618 | -75.3% |
| Furniture and vehicles | 24 | €14,890 | €23,981 | +€9,091 | +61.1% |
| Other tangible fixed assets | 26 | €8,315 | €7,252 | -€1,063 | -12.8% |
| Financial fixed assets | 28 | €450 | - | -€450 | |
| Current assets | 29/58 | €8,477 | €17,617 | +€9,140 | +108% |
| Amounts receivable within one year | 40/41 | €7,133 | €8,571 | +€1,439 | +20.2% |
| Trade receivables | 40 | €3,550 | €8,571 | +€5,021 | +141% |
| Other amounts receivable | 41 | €3,583 | - | -€3,583 | |
| Cash at bank and in hand | 54/58 | €580 | €7,973 | +€7,393 | +1,274% |
| Deferred charges and accrued income | 490/1 | €764 | €1,072 | +€308 | +40.4% |
| Total equity and liabilities | 10/49 | €34,280 | €49,380 | +€15,100 | +44.0% |
| Equity | 10/15 | €5,480 | €7,318 | +€1,838 | +33.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20 | €1,818 | +€1,838 | |
| Amounts payable | 17/49 | €28,800 | €42,061 | +€13,261 | +46.0% |
| Amounts payable after more than one year | 17 | - | €8,173 | +€8,173 | |
| Financial debts | 170/4 | - | €8,173 | +€8,173 | |
| Amounts payable within one year | 42/48 | €28,800 | €33,889 | +€5,089 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €6,902 | €7,827 | +€925 | +13.4% |
| Trade debts | 44 | €1,488 | €663 | -€825 | -55.5% |
| Suppliers | 440/4 | €1,488 | €663 | -€825 | -55.5% |
| Taxes, remuneration and social security | 45 | €7,288 | €7,427 | +€138 | +1.9% |
| Taxes | 450/3 | €7,288 | €7,427 | +€138 | +1.9% |
| Other amounts payable | 47/48 | €13,122 | €17,972 | +€4,850 | +37.0% |
| Turnover | 70 | €80,992 | €87,732 | +€6,740 | +8.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,785 | €66,111 | -€2,674 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,862 | €9,737 | -€125 | -1.3% |
| Other operating charges | 640/8 | €2,118 | €100 | -€2,018 | -95.3% |
| Gross operating margin | 9900 | €12,207 | €21,621 | +€9,414 | +77.1% |
| Operating profit (loss) | 9901 | €226 | €11,784 | +€11,557 | +5,103% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €561 | €407 | -€153 | -27.3% |
| Recurring financial charges | 65 | €561 | €407 | -€153 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€334 | €11,377 | +€11,711 | |
| Income taxes | 67/77 | €306 | €2,538 | +€2,232 | +729% |
| Profit (loss) for the period | 9904 | -€640 | €8,838 | +€9,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€640 | €8,838 | +€9,479 |
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 29 October 2026 via checked.be.