La Morette: 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 Morette
Largest movements
- Cash -€25,961
down €25,961 (-65.3%), from €39,727 to €13,766
mainly Investment in fixed assets (net) (-€24,305) and Net result for the year (-€5,122)
- Tangible fixed assets +€20,544
up €20,544 (+36.9%), from €55,640 to €76,184
- Profit (loss) carried forward -€5,122
down €5,122 (-6.7%), from -€76,512 to -€81,634
- Financial charges -€18,804
down €18,804 (-98.2%), from €19,139 to €336
- Gross operating margin +€2,730
up €2,730 (+54.3%), from -€5,025 to -€2,295
- Depreciation +€2,183
up €2,183 (+138%), from €1,579 to €3,761
- Taxes +€840
no longer reported in 2025 (was -€840)
- Other operating charges -€189
down €189 (-6.7%), from €2,815 to €2,626
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 | €178,333 | €173,317 | -€5,016 | -2.8% |
| Fixed assets | 21/28 | €55,640 | €76,184 | +€20,544 | +36.9% |
| Tangible fixed assets | 22/27 | €55,640 | €76,184 | +€20,544 | +36.9% |
| Land and buildings | 22 | €55,640 | €76,184 | +€20,544 | +36.9% |
| Current assets | 29/58 | €122,694 | €97,134 | -€25,560 | -20.8% |
| Amounts receivable within one year | 40/41 | €1,176 | €1,575 | +€398 | +33.9% |
| Trade receivables | 40 | €132 | €1,038 | +€906 | +687% |
| Other amounts receivable | 41 | €1,044 | €536 | -€508 | -48.6% |
| Current investments | 50/53 | €81,430 | €81,430 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,727 | €13,766 | -€25,961 | -65.3% |
| Deferred charges and accrued income | 490/1 | €360 | €363 | +€2 | +0.7% |
| Total equity and liabilities | 10/49 | €178,333 | €173,317 | -€5,016 | -2.8% |
| Equity | 10/15 | €170,893 | €165,771 | -€5,122 | -3.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €177,702 | €177,702 | = | 0.0% |
| Reserves | 13 | €7,703 | €7,703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,736 | €5,736 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,736 | €5,736 | = | 0.0% |
| Distributable reserves | 133 | €1,968 | €1,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,512 | -€81,634 | -€5,122 | -6.7% |
| Amounts payable | 17/49 | €7,440 | €7,546 | +€106 | +1.4% |
| Amounts payable within one year | 42/48 | €7,440 | €7,546 | +€106 | +1.4% |
| Trade debts | 44 | - | €106 | +€106 | |
| Suppliers | 440/4 | - | €106 | +€106 | |
| Other amounts payable | 47/48 | €7,440 | €7,440 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,579 | €3,761 | +€2,183 | +138% |
| Other operating charges | 640/8 | €2,815 | €2,626 | -€189 | -6.7% |
| Gross operating margin | 9900 | -€5,025 | -€2,295 | +€2,730 | +54.3% |
| Operating profit (loss) | 9901 | -€9,419 | -€8,682 | +€736 | +7.8% |
| Financial income | 75/76B | €3,754 | €3,896 | +€142 | +3.8% |
| Recurring financial income | 75 | €3,754 | €3,896 | +€142 | +3.8% |
| Financial charges | 65/66B | €19,139 | €336 | -€18,804 | -98.2% |
| Recurring financial charges | 65 | €19,139 | €336 | -€18,804 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,804 | -€5,122 | +€19,682 | +79.4% |
| Income taxes | 67/77 | -€840 | - | +€840 | |
| Profit (loss) for the period | 9904 | -€23,964 | -€5,122 | +€18,842 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,964 | -€5,122 | +€18,842 | +78.6% |
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 27 October 2026 via checked.be.