LOC - MORIENSART: what changed
LOC - MORIENSART
Largest movements
- Current investments +€180,000
up €180,000 (+87.7%), from €205,304 to €385,304
- Receivables within one year +€93,008
up €93,008 (+135%), from €68,727 to €161,736
of which Trade receivables: +€92,362
- Cash -€90,905
down €90,905 (-26.8%), from €339,578 to €248,673
mainly Current investments (-€180,000) and Receivables within one year (-€93,008)
- Tangible fixed assets -€39,141
down €39,141 (-6.8%), from €577,368 to €538,227
of which Land and buildings: -€41,378
- Trade debts +€89,285
up €89,285 (+265%), from €33,710 to €122,995
- Profit (loss) carried forward +€25,965
up €25,965 (+10.8%), from €240,015 to €265,980
- Accrued charges and deferred income +€21,910
up €21,910 (+38.4%), from €57,000 to €78,910
- Write-downs -€58,379
no longer reported in 2025 (was €58,379)
- Gross operating margin +€28,891
up €28,891 (+44.5%), from €64,874 to €93,765
- Depreciation -€3,128
down €3,128 (-4.8%), from €64,873 to €61,745
- Financial income +€2,321
up €2,321 (+34.5%), from €6,731 to €9,053
- Financial charges -€1,221
down €1,221 (-92.7%), from €1,317 to €96
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,190,978 | €1,333,940 | +€142,962 | +12.0% |
| Fixed assets | 21/28 | €577,368 | €538,227 | -€39,141 | -6.8% |
| Tangible fixed assets | 22/27 | €577,368 | €538,227 | -€39,141 | -6.8% |
| Land and buildings | 22 | €506,909 | €465,531 | -€41,378 | -8.2% |
| Plant, machinery and equipment | 23 | €31,317 | €43,568 | +€12,251 | +39.1% |
| Furniture and vehicles | 24 | €39,142 | €29,128 | -€10,014 | -25.6% |
| Current assets | 29/58 | €613,609 | €795,713 | +€182,103 | +29.7% |
| Amounts receivable within one year | 40/41 | €68,727 | €161,736 | +€93,008 | +135% |
| Trade receivables | 40 | €66,658 | €159,020 | +€92,362 | +139% |
| Other amounts receivable | 41 | €2,069 | €2,716 | +€646 | +31.2% |
| Current investments | 50/53 | €205,304 | €385,304 | +€180,000 | +87.7% |
| Cash at bank and in hand | 54/58 | €339,578 | €248,673 | -€90,905 | -26.8% |
| Total equity and liabilities | 10/49 | €1,190,978 | €1,333,940 | +€142,962 | +12.0% |
| Equity | 10/15 | €859,173 | €885,138 | +€25,965 | +3.0% |
| Contributions | 10/11 | €576,000 | €576,000 | = | 0.0% |
| Capital | 10 | €576,000 | €576,000 | = | 0.0% |
| Issued capital | 100 | €576,000 | €576,000 | = | 0.0% |
| Reserves | 13 | €43,158 | €43,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,158 | €43,158 | = | 0.0% |
| Legal reserve | 130 | €43,158 | €43,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,015 | €265,980 | +€25,965 | +10.8% |
| Amounts payable | 17/49 | €331,804 | €448,801 | +€116,997 | +35.3% |
| Amounts payable within one year | 42/48 | €274,804 | €369,891 | +€95,087 | +34.6% |
| Trade debts | 44 | €33,710 | €122,995 | +€89,285 | +265% |
| Suppliers | 440/4 | €33,710 | €122,995 | +€89,285 | +265% |
| Taxes, remuneration and social security | 45 | - | €9,003 | +€9,003 | |
| Taxes | 450/3 | - | €9,003 | +€9,003 | |
| Other amounts payable | 47/48 | €241,094 | €237,894 | -€3,201 | -1.3% |
| Accrued charges and deferred income | 492/3 | €57,000 | €78,910 | +€21,910 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,873 | €61,745 | -€3,128 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €58,379 | - | -€58,379 | |
| Other operating charges | 640/8 | €15,910 | €15,011 | -€899 | -5.7% |
| Gross operating margin | 9900 | €64,874 | €93,765 | +€28,891 | +44.5% |
| Operating profit (loss) | 9901 | -€74,288 | €17,008 | +€91,297 | |
| Financial income | 75/76B | €6,731 | €9,053 | +€2,321 | +34.5% |
| Recurring financial income | 75 | €6,731 | €9,053 | +€2,321 | +34.5% |
| Financial charges | 65/66B | €1,317 | €96 | -€1,221 | -92.7% |
| Recurring financial charges | 65 | €1,317 | €96 | -€1,221 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | -€68,874 | €25,965 | +€94,839 | |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€68,876 | €25,965 | +€94,841 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,876 | €25,965 | +€94,841 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.