Mora: 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.
Mora
Largest movements
- Financial fixed assets +€50,543
up €50,543 (+2.6%), from €1.9m to €2.0m
- Debts after one year +€69,403
up €69,403 (+4.7%), from €1.5m to €1.6m
- Profit (loss) carried forward -€23,060
down €23,060 (-35.9%), from -€64,239 to -€87,298
- Financial charges +€3,929
up €3,929 (+4.5%), from €86,402 to €90,331
- Financial income +€3,073
up €3,073 (+6.2%), from €49,806 to €52,879
- Gross operating margin -€356
down €356 (-1.7%), from €21,188 to €20,832
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.
Cash bridge derived
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 | €2,025,214 | €2,083,596 | +€58,381 | +2.9% |
| Fixed assets | 21/28 | €1,974,162 | €2,021,948 | +€47,787 | +2.4% |
| Tangible fixed assets | 22/27 | €24,915 | €22,159 | -€2,756 | -11.1% |
| Land and buildings | 22 | €24,049 | €21,293 | -€2,756 | -11.5% |
| Other tangible fixed assets | 26 | €865 | €865 | = | 0.0% |
| Financial fixed assets | 28 | €1,949,247 | €1,999,790 | +€50,543 | +2.6% |
| Current assets | 29/58 | €51,053 | €61,647 | +€10,594 | +20.8% |
| Amounts receivable within one year | 40/41 | €49,806 | €60,771 | +€10,965 | +22.0% |
| Other amounts receivable | 41 | €49,806 | €60,771 | +€10,965 | +22.0% |
| Cash at bank and in hand | 54/58 | €1,247 | €876 | -€371 | -29.7% |
| Total equity and liabilities | 10/49 | €2,025,214 | €2,083,596 | +€58,381 | +2.9% |
| Equity | 10/15 | €231,890 | €208,830 | -€23,060 | -9.9% |
| Contributions | 10/11 | €289,250 | €289,250 | = | 0.0% |
| Reserves | 13 | €6,879 | €6,879 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,879 | €6,879 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,879 | €6,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,239 | -€87,298 | -€23,060 | -35.9% |
| Amounts payable | 17/49 | €1,793,324 | €1,874,765 | +€81,441 | +4.5% |
| Amounts payable after more than one year | 17 | €1,484,994 | €1,554,397 | +€69,403 | +4.7% |
| Financial debts | 170/4 | €1,484,994 | €1,554,397 | +€69,403 | +4.7% |
| Amounts payable within one year | 42/48 | €308,330 | €320,368 | +€12,038 | +3.9% |
| Trade debts | 44 | €1,483 | €4,117 | +€2,634 | +177.6% |
| Suppliers | 440/4 | €1,483 | €4,117 | +€2,634 | +177.6% |
| Advances received on contracts in progress | 46 | €9,888 | €9,888 | = | 0.0% |
| Other amounts payable | 47/48 | €296,959 | €306,364 | +€9,404 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,756 | €2,756 | = | 0.0% |
| Other operating charges | 640/8 | €3,574 | €3,685 | +€110 | +3.1% |
| Gross operating margin | 9900 | €21,188 | €20,832 | -€356 | -1.7% |
| Operating profit (loss) | 9901 | €14,858 | €14,392 | -€466 | -3.1% |
| Financial income | 75/76B | €49,806 | €52,879 | +€3,073 | +6.2% |
| Recurring financial income | 75 | €49,806 | €52,879 | +€3,073 | +6.2% |
| Financial charges | 65/66B | €86,402 | €90,331 | +€3,929 | +4.5% |
| Recurring financial charges | 65 | €86,402 | €90,331 | +€3,929 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,738 | -€23,060 | -€1,322 | -6.1% |
| Profit (loss) for the period | 9904 | -€21,738 | -€23,060 | -€1,322 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,738 | -€23,060 | -€1,322 | -6.1% |
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 11 October 2026 via checked.be.