MORAEXPRESS: 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.
MORAEXPRESS
Largest movements
- Receivables within one year +€51,852
up €51,852 (+1,106%), from €4,689 to €56,541
- Cash -€40,801
down €40,801 (-49.0%), from €83,324 to €42,523
mainly Receivables within one year (-€51,852) and Net result for the year (-€16,759)
- Trade debts +€28,279
up €28,279 (+142%), from €19,879 to €48,158
- Profit (loss) carried forward -€16,759
down €16,759 (-32.0%), from €52,399 to €35,641
- Other debts -€1,508
down €1,508 (-62.0%), from €2,433 to €925
- Gross operating margin -€62,951
down €62,951 (-66.1%), from €95,280 to €32,329
- Taxes -€13,500
no longer reported in 2024 (was €13,500)
- Staff costs +€12,841
up €12,841 (+94.1%), from €13,646 to €26,488
- Financial charges +€9,485
up €9,485 (+415%), from €2,284 to €11,768
of which Non-recurring financial charges: +€9,276
- Other operating charges -€2,569
down €2,569 (-19.1%), from €13,451 to €10,882
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.
Derived cash bridge
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 | €94,945 | €105,077 | +€10,132 | +10.7% |
| Fixed assets | 21/28 | €2,333 | €2,333 | = | 0.0% |
| Financial fixed assets | 28 | €2,333 | €2,333 | = | 0.0% |
| Current assets | 29/58 | €92,612 | €102,744 | +€10,132 | +10.9% |
| Stocks and contracts in progress | 3 | €4,599 | €3,679 | -€920 | -20.0% |
| Stocks | 30/36 | €4,599 | €3,679 | -€920 | -20.0% |
| Amounts receivable within one year | 40/41 | €4,689 | €56,541 | +€51,852 | +1,106% |
| Other amounts receivable | 41 | €4,689 | €56,541 | +€51,852 | +1,106% |
| Cash at bank and in hand | 54/58 | €83,324 | €42,523 | -€40,801 | -49.0% |
| Total equity and liabilities | 10/49 | €94,945 | €105,077 | +€10,132 | +10.7% |
| Equity | 10/15 | €52,399 | €35,641 | -€16,759 | -32.0% |
| Profit (loss) carried forward | 14 | €52,399 | €35,641 | -€16,759 | -32.0% |
| Amounts payable | 17/49 | €42,545 | €69,436 | +€26,891 | +63.2% |
| Amounts payable within one year | 42/48 | €42,545 | €69,436 | +€26,891 | +63.2% |
| Trade debts | 44 | €19,879 | €48,158 | +€28,279 | +142% |
| Suppliers | 440/4 | €19,879 | €48,158 | +€28,279 | +142% |
| Taxes, remuneration and social security | 45 | €20,233 | €20,353 | +€120 | +0.6% |
| Taxes | 450/3 | €19,784 | €13,555 | -€6,229 | -31.5% |
| Remuneration and social security | 454/9 | €449 | €6,798 | +€6,349 | +1,413% |
| Other amounts payable | 47/48 | €2,433 | €925 | -€1,508 | -62.0% |
| Remuneration, social security and pensions | 62 | €13,646 | €26,488 | +€12,841 | +94.1% |
| Other operating charges | 640/8 | €13,451 | €10,882 | -€2,569 | -19.1% |
| Gross operating margin | 9900 | €95,280 | €32,329 | -€62,951 | -66.1% |
| Operating profit (loss) | 9901 | €68,183 | -€5,041 | -€73,224 | |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €2,284 | €11,768 | +€9,485 | +415% |
| Recurring financial charges | 65 | €58 | €267 | +€209 | +360% |
| Non-recurring financial charges | 66B | €2,226 | €11,501 | +€9,276 | +417% |
| Profit (loss) for the period before taxes | 9903 | €65,899 | -€16,759 | -€82,658 | |
| Income taxes | 67/77 | €13,500 | - | -€13,500 | |
| Profit (loss) for the period | 9904 | €52,399 | -€16,759 | -€69,158 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,399 | -€16,759 | -€69,158 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.