MORCIANO CONSTRUCT: 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.
MORCIANO CONSTRUCT
Largest movements
- Cash -€86,926
down €86,926 (-83.9%), from €103,651 to €16,725
mainly Tax, wage and social debts (-€131,656) and Receivables within one year (-€9,213)
- Receivables within one year +€9,213
up €9,213 (+3.6%), from €253,599 to €262,811
of which Other amounts receivable: +€44,037
- Tax, wage and social debts -€131,656
down €131,656 (-46.9%), from €280,925 to €149,269
of which Taxes: -€155,452
- Profit (loss) carried forward +€49,199
up €49,199 (+240.2%), from €20,483 to €69,682
- Trade debts +€3,850
up €3,850 (+11.7%), from €32,787 to €36,637
- Staff costs +€32,920
up €32,920 (+7.0%), from €468,248 to €501,168
- Gross operating margin +€13,124
up €13,124 (+2.2%), from €599,546 to €612,670
- Other operating charges -€11,625
down €11,625 (-31.3%), from €37,082 to €25,457
- Taxes +€8,718
up €8,718 (+3124.4%), from €279 to €8,997
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 | €361,102 | €282,988 | -€78,114 | -21.6% |
| Fixed assets | 21/28 | €3,829 | €3,427 | -€402 | -10.5% |
| Tangible fixed assets | 22/27 | €3,829 | €3,427 | -€402 | -10.5% |
| Plant, machinery and equipment | 23 | €1,269 | €724 | -€545 | -42.9% |
| Furniture and vehicles | 24 | €2,560 | €2,703 | +€143 | +5.6% |
| Current assets | 29/58 | €357,274 | €279,561 | -€77,713 | -21.8% |
| Amounts receivable within one year | 40/41 | €253,599 | €262,811 | +€9,213 | +3.6% |
| Trade receivables | 40 | €238,305 | €203,481 | -€34,824 | -14.6% |
| Other amounts receivable | 41 | €15,293 | €59,330 | +€44,037 | +287.9% |
| Cash at bank and in hand | 54/58 | €103,651 | €16,725 | -€86,926 | -83.9% |
| Deferred charges and accrued income | 490/1 | €24 | €24 | = | 0.0% |
| Total equity and liabilities | 10/49 | €361,102 | €282,988 | -€78,114 | -21.6% |
| Equity | 10/15 | €46,885 | €96,083 | +€49,199 | +104.9% |
| Contributions | 10/11 | €13,800 | €13,800 | = | 0.0% |
| Reserves | 13 | €12,602 | €12,602 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,742 | €10,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,483 | €69,682 | +€49,199 | +240.2% |
| Amounts payable | 17/49 | €314,218 | €186,905 | -€127,313 | -40.5% |
| Amounts payable within one year | 42/48 | €314,218 | €186,905 | -€127,313 | -40.5% |
| Financial debts | 43 | €506 | - | -€506 | |
| Credit institutions | 430/8 | €506 | - | -€506 | |
| Trade debts | 44 | €32,787 | €36,637 | +€3,850 | +11.7% |
| Suppliers | 440/4 | €32,787 | €36,637 | +€3,850 | +11.7% |
| Taxes, remuneration and social security | 45 | €280,925 | €149,269 | -€131,656 | -46.9% |
| Taxes | 450/3 | €191,773 | €36,321 | -€155,452 | -81.1% |
| Remuneration and social security | 454/9 | €89,152 | €112,948 | +€23,796 | +26.7% |
| Other amounts payable | 47/48 | - | €999 | +€999 | |
| Remuneration, social security and pensions | 62 | €468,248 | €501,168 | +€32,920 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,139 | €1,802 | -€1,337 | -42.6% |
| Other operating charges | 640/8 | €37,082 | €25,457 | -€11,625 | -31.3% |
| Gross operating margin | 9900 | €599,546 | €612,670 | +€13,124 | +2.2% |
| Operating profit (loss) | 9901 | €91,077 | €84,243 | -€6,834 | -7.5% |
| Financial income | 75/76B | €32 | €2,791 | +€2,760 | +8761.4% |
| Recurring financial income | 75 | €32 | €2,791 | +€2,760 | +8761.4% |
| Financial charges | 65/66B | €33,554 | €28,839 | -€4,715 | -14.1% |
| Recurring financial charges | 65 | €33,554 | €28,839 | -€4,715 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €57,555 | €58,196 | +€641 | +1.1% |
| Income taxes | 67/77 | €279 | €8,997 | +€8,718 | +3124.4% |
| Profit (loss) for the period | 9904 | €57,276 | €49,199 | -€8,077 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,276 | €49,199 | -€8,077 | -14.1% |
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 29 September 2026 via checked.be.