MORCIANO NATACHA: what changed
MORCIANO NATACHA
Largest movements
- Intangible fixed assets -€15,000
down €15,000 (-68.4%), from €21,926 to €6,926
- Tangible fixed assets -€6,888
down €6,888 (-25.6%), from €26,947 to €20,060
- Receivables within one year +€5,292
new in 2025: €5,292
- Cash -€4,892
down €4,892 (-97.3%), from €5,030 to €138
mainly Net result for the year (-€8,454) and Tax, wage and social debts (-€5,865)
- Deferred charges and accrued income -€1,919
down €1,919 (-23.7%), from €8,100 to €6,180
- Profit (loss) carried forward -€8,454
down €8,454, from €79 to -€8,375
- Tax, wage and social debts -€5,865
down €5,865 (-81.1%), from €7,230 to €1,364
of which Taxes: -€5,465
- Current portion of long-term debt -€4,379
down €4,379 (-100%), from €4,379 to €0
- Debts after one year -€4,288
down €4,288 (-33.3%), from €12,863 to €8,575
of which Other amounts payable: -€4,288
- Trade debts +€960
up €960 (+25.5%), from €3,759 to €4,719
- Gross operating margin -€24,036
down €24,036 (-61.9%), from €38,811 to €14,775
- Taxes -€4,797
down €4,797 (-94.4%), from €5,081 to €283
- Financial charges -€419
down €419 (-69.4%), from €603 to €185
of which Financial charges: -€359
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,028 | €38,621 | -€23,407 | -37.7% |
| Fixed assets | 21/28 | €48,899 | €27,011 | -€21,888 | -44.8% |
| Intangible fixed assets | 21 | €21,926 | €6,926 | -€15,000 | -68.4% |
| Tangible fixed assets | 22/27 | €26,947 | €20,060 | -€6,888 | -25.6% |
| Furniture and vehicles | 24 | €26,947 | €20,060 | -€6,888 | -25.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €13,130 | €11,610 | -€1,520 | -11.6% |
| Amounts receivable within one year | 40/41 | - | €5,292 | +€5,292 | |
| Other amounts receivable | 41 | - | €5,292 | +€5,292 | |
| Cash at bank and in hand | 54/58 | €5,030 | €138 | -€4,892 | -97.3% |
| Deferred charges and accrued income | 490/1 | €8,100 | €6,180 | -€1,919 | -23.7% |
| Total equity and liabilities | 10/49 | €62,028 | €38,621 | -€23,407 | -37.7% |
| Equity | 10/15 | €28,129 | €19,675 | -€8,454 | -30.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,650 | €15,650 | = | 0.0% |
| Distributable reserves | 133 | €15,650 | €15,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79 | -€8,375 | -€8,454 | |
| Amounts payable | 17/49 | €33,899 | €18,946 | -€14,953 | -44.1% |
| Amounts payable after more than one year | 17 | €12,863 | €8,575 | -€4,288 | -33.3% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €12,863 | €8,575 | -€4,288 | -33.3% |
| Amounts payable within one year | 42/48 | €20,599 | €10,371 | -€10,228 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €4,379 | €0 | -€4,379 | -100% |
| Trade debts | 44 | €3,759 | €4,719 | +€960 | +25.5% |
| Suppliers | 440/4 | €3,759 | €4,719 | +€960 | +25.5% |
| Taxes, remuneration and social security | 45 | €7,230 | €1,364 | -€5,865 | -81.1% |
| Taxes | 450/3 | €6,830 | €1,364 | -€5,465 | -80.0% |
| Remuneration and social security | 454/9 | €400 | €0 | -€400 | -100% |
| Other amounts payable | 47/48 | €5,231 | €4,288 | -€944 | -18.0% |
| Accrued charges and deferred income | 492/3 | €437 | €0 | -€437 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,888 | €21,888 | = | 0.0% |
| Other operating charges | 640/8 | €883 | €874 | -€9 | -1.0% |
| Gross operating margin | 9900 | €38,811 | €14,775 | -€24,036 | -61.9% |
| Operating profit (loss) | 9901 | €16,041 | -€7,986 | -€24,027 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €603 | €185 | -€419 | -69.4% |
| Recurring financial charges | 65 | €543 | €185 | -€359 | -66.0% |
| Non-recurring financial charges | 66B | €60 | - | -€60 | |
| Profit (loss) for the period before taxes | 9903 | €15,437 | -€8,171 | -€23,608 | |
| Income taxes | 67/77 | €5,081 | €283 | -€4,797 | -94.4% |
| Profit (loss) for the period | 9904 | €10,357 | -€8,454 | -€18,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,357 | -€8,454 | -€18,811 |
Next steps
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.