MORAIS AND McQUAIDE: what changed
What changed
MORAIS AND McQUAIDE
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€103,012
2024 · €170,055-€67,043
Equity
€541,055
2024 · €461,951+€79,104
Cash
€665,996
2024 · €509,922+€156,074
Balance sheet total
€1.1m
2024 · €1.1m+€59,026
Largest movements
Assets
- Cash +€156,074
up €156,074 (+30.6%), from €509,922 to €665,996
mainly Net result for the year (+€103,012) and Tax, wage and social debts (+€71,726)
- Receivables within one year -€62,469
down €62,469 (-69.9%), from €89,400 to €26,931
of which Trade receivables: -€62,469
- Tangible fixed assets -€34,279
down €34,279 (-7.4%), from €462,416 to €428,137
Equity and liabilities
- Profit (loss) carried forward +€103,012
up €103,012 (+27.5%), from €374,748 to €477,759
- Advances received -€77,347
down €77,347 (-90.7%), from €85,282 to €7,935
- Tax, wage and social debts +€71,726
up €71,726 (+87.2%), from €82,293 to €154,019
of which Taxes: +€48,747
- Debts after one year -€38,139
down €38,139 (-12.6%), from €303,582 to €265,443
- Trade debts +€20,974
up €20,974 (+27.1%), from €77,373 to €98,347
Income statement
- Purchases and services +€163,574
up €163,574 (+15.9%), from €1.0m to €1.2m
- Turnover +€124,873
up €124,873 (+8.3%), from €1.5m to €1.6m
- Taxes +€33,794
up €33,794 (+118%), from €28,572 to €62,366
- Gross operating margin -€32,926
down €32,926 (-6.9%), from €477,745 to €444,819
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.
Result 2024
€170,055
Gross operating margin
-€32,926
Staff costs
-€5,885
Depreciation
+€446
Other operating charges
+€108
Financial income
+€11,516
Financial charges
-€6,508
Taxes
-€33,794
Result 2025
€103,012
raises the resultlowers the result
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.
From operations
+€214,851
Investment
€0
Financing
-€58,776
Cash 2024
€509,922
From operations (derived)
+€214,851
Net result for the year
+€103,012
Depreciation
+€34,279
Receivables within one year
+€62,469
Deferred charges and accrued income
+€300
Trade debts
+€20,974
Tax, wage and social debts
+€71,726
Advances received
-€77,347
Other debts
-€563
Financing
-€58,776
Debts after one year
-€38,139
Current portion of long-term debt
+€3,271
Contributions, distributions and other
-€23,908
Cash 2025
€665,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,067,188 | €1,126,214 | +€59,026 | +5.5% |
| Fixed assets | 21/28 | €462,416 | €428,137 | -€34,279 | -7.4% |
| Tangible fixed assets | 22/27 | €462,416 | €428,137 | -€34,279 | -7.4% |
| Land and buildings | 22 | €333,844 | €319,017 | -€14,827 | -4.4% |
| Plant, machinery and equipment | 23 | €8,619 | €4,549 | -€4,069 | -47.2% |
| Furniture and vehicles | 24 | €119,953 | €104,571 | -€15,383 | -12.8% |
| Current assets | 29/58 | €604,772 | €698,077 | +€93,306 | +15.4% |
| Stocks and contracts in progress | 3 | €5,150 | €5,150 | = | 0.0% |
| Stocks | 30/36 | €5,150 | €5,150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €89,400 | €26,931 | -€62,469 | -69.9% |
| Trade receivables | 40 | €89,400 | €26,931 | -€62,469 | -69.9% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €509,922 | €665,996 | +€156,074 | +30.6% |
| Deferred charges and accrued income | 490/1 | €300 | €0 | -€300 | -100% |
| Total equity and liabilities | 10/49 | €1,067,188 | €1,126,214 | +€59,026 | +5.5% |
| Equity | 10/15 | €461,951 | €541,055 | +€79,104 | +17.1% |
| Contributions | 10/11 | €18,600 | €600 | -€18,000 | -96.8% |
| Profit (loss) carried forward | 14 | €374,748 | €477,759 | +€103,012 | +27.5% |
| Investment grants | 15 | €68,603 | €62,695 | -€5,908 | -8.6% |
| Amounts payable | 17/49 | €605,237 | €585,160 | -€20,077 | -3.3% |
| Amounts payable after more than one year | 17 | €303,582 | €265,443 | -€38,139 | -12.6% |
| Financial debts | 170/4 | €303,582 | €265,443 | -€38,139 | -12.6% |
| Amounts payable within one year | 42/48 | €301,655 | €319,717 | +€18,062 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €33,322 | €36,592 | +€3,271 | +9.8% |
| Trade debts | 44 | €77,373 | €98,347 | +€20,974 | +27.1% |
| Suppliers | 440/4 | €77,373 | €98,347 | +€20,974 | +27.1% |
| Advances received on contracts in progress | 46 | €85,282 | €7,935 | -€77,347 | -90.7% |
| Taxes, remuneration and social security | 45 | €82,293 | €154,019 | +€71,726 | +87.2% |
| Taxes | 450/3 | €53,108 | €101,855 | +€48,747 | +91.8% |
| Remuneration and social security | 454/9 | €29,185 | €52,164 | +€22,979 | +78.7% |
| Other amounts payable | 47/48 | €23,386 | €22,823 | -€563 | -2.4% |
| Turnover | 70 | €1,506,670 | €1,631,542 | +€124,873 | +8.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,028,925 | €1,192,499 | +€163,574 | +15.9% |
| Remuneration, social security and pensions | 62 | €237,925 | €243,810 | +€5,885 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,725 | €34,279 | -€446 | -1.3% |
| Other operating charges | 640/8 | €2,831 | €2,723 | -€108 | -3.8% |
| Gross operating margin | 9900 | €477,745 | €444,819 | -€32,926 | -6.9% |
| Operating profit (loss) | 9901 | €202,264 | €164,007 | -€38,257 | -18.9% |
| Financial income | 75/76B | €5,908 | €17,424 | +€11,516 | +195% |
| Recurring financial income | 75 | €5,908 | €17,424 | +€11,516 | +195% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €9,545 | €16,053 | +€6,508 | +68.2% |
| Recurring financial charges | 65 | €9,545 | €16,053 | +€6,508 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €198,627 | €165,378 | -€33,249 | -16.7% |
| Income taxes | 67/77 | €28,572 | €62,366 | +€33,794 | +118% |
| Profit (loss) for the period | 9904 | €170,055 | €103,012 | -€67,043 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €170,055 | €103,012 | -€67,043 | -39.4% |
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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 3 November 2026 via checked.be.