Morael: what changed
Two fiscal 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.
Morael
Largest movements
- Tangible fixed assets -€1,037
down €1,037 (-18.9%), from €5,492 to €4,455
- Receivables within one year -€974
down €974 (-28.7%), from €3,392 to €2,418
of which Trade receivables: -€1,438
- Cash -€848
down €848 (-3.3%), from €25,885 to €25,037
mainly Net result for the year (-€7,095) and Tax, wage and social debts (-€56)
- Profit (loss) carried forward -€7,095
down €7,095, from €2,626 to -€4,469
- Trade debts +€4,251
up €4,251 (+83.1%), from €5,114 to €9,365
- Turnover -€7,191
down €7,191 (-19.6%), from €36,643 to €29,452
- Gross operating margin -€6,960
down €6,960, from €1,070 to -€5,890
- Taxes -€694
no longer reported in 2024 (was €694)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,116 | €34,257 | -€2,859 | -7.7% |
| Fixed assets | 21/28 | €7,839 | €6,802 | -€1,037 | -13.2% |
| Tangible fixed assets | 22/27 | €5,492 | €4,455 | -€1,037 | -18.9% |
| Furniture and vehicles | 24 | €5,492 | €4,455 | -€1,037 | -18.9% |
| Financial fixed assets | 28 | €2,347 | €2,347 | = | 0.0% |
| Current assets | 29/58 | €29,277 | €27,455 | -€1,822 | -6.2% |
| Amounts receivable within one year | 40/41 | €3,392 | €2,418 | -€974 | -28.7% |
| Trade receivables | 40 | €3,392 | €1,954 | -€1,438 | -42.4% |
| Other amounts receivable | 41 | - | €464 | +€464 | |
| Cash at bank and in hand | 54/58 | €25,885 | €25,037 | -€848 | -3.3% |
| Total equity and liabilities | 10/49 | €37,116 | €34,257 | -€2,859 | -7.7% |
| Equity | 10/15 | €25,899 | €18,805 | -€7,094 | -27.4% |
| Reserves | 13 | €23,273 | €23,274 | +€1 | 0.0% |
| Distributable reserves | 133 | €23,273 | €23,274 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €2,626 | -€4,469 | -€7,095 | |
| Amounts payable | 17/49 | €11,217 | €15,452 | +€4,235 | +37.8% |
| Amounts payable within one year | 42/48 | €11,217 | €15,452 | +€4,235 | +37.8% |
| Trade debts | 44 | €5,114 | €9,365 | +€4,251 | +83.1% |
| Suppliers | 440/4 | €5,114 | €9,365 | +€4,251 | +83.1% |
| Taxes, remuneration and social security | 45 | €56 | - | -€56 | |
| Taxes | 450/3 | €56 | - | -€56 | |
| Other amounts payable | 47/48 | €6,047 | €6,087 | +€40 | +0.7% |
| Turnover | 70 | €36,643 | €29,452 | -€7,191 | -19.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,573 | €35,342 | -€231 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €1,037 | = | 0.0% |
| Other operating charges | 640/8 | €44 | €140 | +€96 | +218.2% |
| Gross operating margin | 9900 | €1,070 | -€5,890 | -€6,960 | |
| Operating profit (loss) | 9901 | -€11 | -€7,067 | -€7,056 | -64145.5% |
| Financial charges | 65/66B | €31 | €28 | -€3 | -9.7% |
| Recurring financial charges | 65 | €31 | €28 | -€3 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€42 | -€7,095 | -€7,053 | -16792.9% |
| Income taxes | 67/77 | €694 | - | -€694 | |
| Profit (loss) for the period | 9904 | -€736 | -€7,095 | -€6,359 | -864.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€736 | -€7,095 | -€6,359 | -864.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.