MORANE CONSULT: 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.
MORANE CONSULT
Largest movements
- Stocks and contracts -€402,762
down €402,762 (-74.2%), from €542,595 to €139,833
of which Contracts in progress: -€500,000
- Receivables within one year -€49,089
down €49,089 (-11.1%), from €443,769 to €394,681
of which Trade receivables: -€72,716
- Receivables after one year -€17,000
down €17,000 (-8.3%), from €204,000 to €187,000
- Trade debts -€404,897
down €404,897 (-53.0%), from €764,505 to €359,608
- Profit (loss) carried forward -€46,847
new in 2025: -€46,847
- Tax, wage and social debts -€21,465
down €21,465 (-55.6%), from €38,598 to €17,133
- Gross operating margin -€133,177
down €133,177, from €85,429 to -€47,748
- Taxes -€17,530
down €17,530 (-96.4%), from €18,176 to €646
- Financial charges -€15,490
down €15,490 (-65.5%), from €23,663 to €8,173
- Financial income +€8,324
up €8,324 (+193%), from €4,308 to €12,633
- Other operating charges -€1,025
down €1,025 (-47.7%), from €2,150 to €1,125
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 | €1,205,952 | €742,660 | -€463,292 | -38.4% |
| Fixed assets | 21/28 | €10,276 | €5,269 | -€5,008 | -48.7% |
| Intangible fixed assets | 21 | €5,679 | €4,272 | -€1,407 | -24.8% |
| Tangible fixed assets | 22/27 | €18 | €997 | +€979 | +5,491% |
| Furniture and vehicles | 24 | €18 | €997 | +€979 | +5,491% |
| Financial fixed assets | 28 | €4,580 | €0 | -€4,580 | -100% |
| Current assets | 29/58 | €1,195,676 | €737,391 | -€458,285 | -38.3% |
| Amounts receivable after more than one year | 29 | €204,000 | €187,000 | -€17,000 | -8.3% |
| Other amounts receivable | 291 | €204,000 | €187,000 | -€17,000 | -8.3% |
| Stocks and contracts in progress | 3 | €542,595 | €139,833 | -€402,762 | -74.2% |
| Stocks | 30/36 | €42,595 | €139,833 | +€97,238 | +228% |
| Contracts in progress | 37 | €500,000 | €0 | -€500,000 | -100% |
| Amounts receivable within one year | 40/41 | €443,769 | €394,681 | -€49,089 | -11.1% |
| Trade receivables | 40 | €416,085 | €343,369 | -€72,716 | -17.5% |
| Other amounts receivable | 41 | €27,684 | €51,312 | +€23,628 | +85.3% |
| Cash at bank and in hand | 54/58 | €4,817 | €4,818 | +€2 | 0.0% |
| Deferred charges and accrued income | 490/1 | €495 | €11,059 | +€10,564 | +2,134% |
| Total equity and liabilities | 10/49 | €1,205,952 | €742,660 | -€463,292 | -38.4% |
| Equity | 10/15 | €352,709 | €305,862 | -€46,847 | -13.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €342,709 | €342,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,850 | €2,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,850 | €2,850 | = | 0.0% |
| Distributable reserves | 133 | €339,859 | €339,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€46,847 | -€46,847 | |
| Amounts payable | 17/49 | €853,243 | €436,798 | -€416,445 | -48.8% |
| Amounts payable within one year | 42/48 | €853,243 | €436,798 | -€416,445 | -48.8% |
| Financial debts | 43 | €50,140 | €60,057 | +€9,917 | +19.8% |
| Credit institutions | 430/8 | €40,140 | €48,057 | +€7,917 | +19.7% |
| Other loans | 439 | €10,000 | €12,000 | +€2,000 | +20.0% |
| Trade debts | 44 | €764,505 | €359,608 | -€404,897 | -53.0% |
| Suppliers | 440/4 | €764,505 | €359,608 | -€404,897 | -53.0% |
| Taxes, remuneration and social security | 45 | €38,598 | €17,133 | -€21,465 | -55.6% |
| Taxes | 450/3 | €38,598 | €17,133 | -€21,465 | -55.6% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €854 | €1,787 | +€933 | +109% |
| Other operating charges | 640/8 | €2,150 | €1,125 | -€1,025 | -47.7% |
| Gross operating margin | 9900 | €85,429 | -€47,748 | -€133,177 | |
| Operating profit (loss) | 9901 | €82,425 | -€50,661 | -€133,085 | |
| Financial income | 75/76B | €4,308 | €12,633 | +€8,324 | +193% |
| Recurring financial income | 75 | €4,308 | €12,633 | +€8,324 | +193% |
| Financial charges | 65/66B | €23,663 | €8,173 | -€15,490 | -65.5% |
| Recurring financial charges | 65 | €23,663 | €8,173 | -€15,490 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | €63,070 | -€46,201 | -€109,271 | |
| Income taxes | 67/77 | €18,176 | €646 | -€17,530 | -96.4% |
| Profit (loss) for the period | 9904 | €44,894 | -€46,847 | -€91,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,894 | -€46,847 | -€91,741 |
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 17 October 2026 via checked.be.