MORASU: 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.
MORASU
Largest movements
- Cash +€12,830
up €12,830 (+569.8%), from €2,252 to €15,081
mainly Receivables within one year (+€10,528) and Tax, wage and social debts (+€3,108)
- Receivables within one year -€10,528
no longer reported in 2025 (was €10,528)
- Tax, wage and social debts +€3,108
up €3,108 (+102.6%), from €3,031 to €6,139
- Reserves +€2,622
new in 2025: €2,622
- Other debts -€2,581
down €2,581 (-35.2%), from €7,326 to €4,745
- Trade debts -€848
down €848 (-59.6%), from €1,422 to €575
- Gross operating margin -€5,313
down €5,313 (-54.8%), from €9,688 to €4,374
- Taxes -€1,068
down €1,068 (-47.4%), from €2,252 to €1,184
- Financial charges +€265
up €265 (+516.6%), from €51 to €316
- Other operating charges +€194
up €194 (+328.8%), from €59 to €253
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 | €12,780 | €15,081 | +€2,302 | +18.0% |
| Current assets | 29/58 | €12,780 | €15,081 | +€2,302 | +18.0% |
| Amounts receivable within one year | 40/41 | €10,528 | - | -€10,528 | |
| Other amounts receivable | 41 | €10,528 | - | -€10,528 | |
| Cash at bank and in hand | 54/58 | €2,252 | €15,081 | +€12,830 | +569.8% |
| Total equity and liabilities | 10/49 | €12,780 | €15,081 | +€2,302 | +18.0% |
| Equity | 10/15 | €1,000 | €3,622 | +€2,622 | +262.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €2,622 | +€2,622 | |
| Distributable reserves | 133 | - | €2,622 | +€2,622 | |
| Amounts payable | 17/49 | €11,780 | €11,459 | -€321 | -2.7% |
| Amounts payable within one year | 42/48 | €11,780 | €11,459 | -€321 | -2.7% |
| Trade debts | 44 | €1,422 | €575 | -€848 | -59.6% |
| Suppliers | 440/4 | €1,422 | €575 | -€848 | -59.6% |
| Taxes, remuneration and social security | 45 | €3,031 | €6,139 | +€3,108 | +102.6% |
| Taxes | 450/3 | €3,031 | €6,139 | +€3,108 | +102.6% |
| Other amounts payable | 47/48 | €7,326 | €4,745 | -€2,581 | -35.2% |
| Other operating charges | 640/8 | €59 | €253 | +€194 | +328.8% |
| Gross operating margin | 9900 | €9,688 | €4,374 | -€5,313 | -54.8% |
| Operating profit (loss) | 9901 | €9,629 | €4,121 | -€5,507 | -57.2% |
| Financial income | 75/76B | €1 | €1 | -€0 | -35.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -35.5% |
| Financial charges | 65/66B | €51 | €316 | +€265 | +516.6% |
| Recurring financial charges | 65 | €51 | €316 | +€265 | +516.6% |
| Profit (loss) for the period before taxes | 9903 | €9,579 | €3,806 | -€5,773 | -60.3% |
| Income taxes | 67/77 | €2,252 | €1,184 | -€1,068 | -47.4% |
| Profit (loss) for the period | 9904 | €7,326 | €2,622 | -€4,704 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,326 | €2,622 | -€4,704 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.