MOORS & MORE: 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.
MOORS & MORE
Largest movements
- Tangible fixed assets +€413,616
up €413,616 (+231%), from €179,128 to €592,745
of which Land and buildings: +€293,790
- Cash +€110,331
up €110,331 (+333%), from €33,095 to €143,426
mainly Debts after one year (+€321,827) and Trade debts (+€106,470)
- Intangible fixed assets -€54,256
down €54,256 (-20.0%), from €271,280 to €217,024
- Receivables within one year -€21,557
down €21,557 (-10.4%), from €207,767 to €186,210
of which Trade receivables: -€52,861
- Debts after one year +€321,827
up €321,827 (+87.2%), from €369,111 to €690,937
- Trade debts +€106,470
up €106,470, from €0 to €106,470
- Other debts +€45,042
up €45,042 (+225%), from €20,000 to €65,042
- Profit (loss) carried forward -€39,920
down €39,920 (-105%), from -€38,149 to -€78,068
- Current portion of long-term debt +€36,422
up €36,422 (+130%), from €28,092 to €64,514
- Gross operating margin -€46,683
down €46,683 (-51.6%), from €90,508 to €43,824
- Other operating charges -€19,684
down €19,684 (-86.8%), from €22,681 to €2,997
- Depreciation +€11,238
up €11,238 (+20.4%), from €55,128 to €66,366
- Taxes -€9,972
down €9,972 (-100%), from €9,972 to €0
- Staff costs -€9,695
down €9,695 (-93.4%), from €10,383 to €688
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 | €802,534 | €1,241,748 | +€439,214 | +54.7% |
| Fixed assets | 21/28 | €452,032 | €811,393 | +€359,360 | +79.5% |
| Intangible fixed assets | 21 | €271,280 | €217,024 | -€54,256 | -20.0% |
| Tangible fixed assets | 22/27 | €179,128 | €592,745 | +€413,616 | +231% |
| Land and buildings | 22 | €179,128 | €472,918 | +€293,790 | +164% |
| Plant, machinery and equipment | 23 | - | €118,495 | +€118,495 | |
| Furniture and vehicles | 24 | - | €1,332 | +€1,332 | |
| Financial fixed assets | 28 | €1,624 | €1,624 | = | 0.0% |
| Current assets | 29/58 | €350,501 | €430,355 | +€79,854 | +22.8% |
| Stocks and contracts in progress | 3 | €100,467 | €91,413 | -€9,055 | -9.0% |
| Stocks | 30/36 | €100,467 | €91,413 | -€9,055 | -9.0% |
| Amounts receivable within one year | 40/41 | €207,767 | €186,210 | -€21,557 | -10.4% |
| Trade receivables | 40 | €93,405 | €40,544 | -€52,861 | -56.6% |
| Other amounts receivable | 41 | €114,362 | €145,666 | +€31,304 | +27.4% |
| Cash at bank and in hand | 54/58 | €33,095 | €143,426 | +€110,331 | +333% |
| Deferred charges and accrued income | 490/1 | €9,172 | €9,306 | +€135 | +1.5% |
| Total equity and liabilities | 10/49 | €802,534 | €1,241,748 | +€439,214 | +54.7% |
| Equity | 10/15 | €197,264 | €157,344 | -€39,920 | -20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,813 | €216,813 | = | 0.0% |
| Distributable reserves | 133 | €216,813 | €216,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,149 | -€78,068 | -€39,920 | -105% |
| Amounts payable | 17/49 | €605,270 | €1,084,403 | +€479,134 | +79.2% |
| Amounts payable after more than one year | 17 | €369,111 | €690,937 | +€321,827 | +87.2% |
| Financial debts | 170/4 | €369,111 | €690,937 | +€321,827 | +87.2% |
| Amounts payable within one year | 42/48 | €168,092 | €356,141 | +€188,050 | +112% |
| Current portion of amounts payable after more than one year | 42 | €28,092 | €64,514 | +€36,422 | +130% |
| Financial debts | 43 | €120,000 | €120,000 | = | 0.0% |
| Credit institutions | 430/8 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €0 | €106,470 | +€106,470 | |
| Suppliers | 440/4 | €0 | €106,470 | +€106,470 | |
| Taxes, remuneration and social security | 45 | €0 | €115 | +€115 | |
| Taxes | 450/3 | €0 | €115 | +€115 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €20,000 | €65,042 | +€45,042 | +225% |
| Accrued charges and deferred income | 492/3 | €68,067 | €37,325 | -€30,743 | -45.2% |
| Remuneration, social security and pensions | 62 | €10,383 | €688 | -€9,695 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,128 | €66,366 | +€11,238 | +20.4% |
| Other operating charges | 640/8 | €22,681 | €2,997 | -€19,684 | -86.8% |
| Gross operating margin | 9900 | €90,508 | €43,824 | -€46,683 | -51.6% |
| Operating profit (loss) | 9901 | €2,316 | -€26,226 | -€28,543 | |
| Financial income | 75/76B | €1,859 | €2,004 | +€145 | +7.8% |
| Recurring financial income | 75 | €1,859 | €2,004 | +€145 | +7.8% |
| Financial charges | 65/66B | €19,821 | €15,698 | -€4,124 | -20.8% |
| Recurring financial charges | 65 | €19,821 | €15,698 | -€4,124 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,646 | -€39,920 | -€24,274 | -155% |
| Income taxes | 67/77 | €9,972 | €0 | -€9,972 | -100% |
| Profit (loss) for the period | 9904 | -€25,619 | -€39,920 | -€14,301 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,619 | -€39,920 | -€14,301 | -55.8% |
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.