Morcoma: 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.
Morcoma
Largest movements
- Receivables within one year +€19,491
up €19,491 (+2.6%), from €753,827 to €773,318
- Cash +€10,853
up €10,853 (+3,422%), from €317 to €11,170
mainly Net result for the year (+€24,109) and Tax, wage and social debts (+€6,462)
- Reserves +€24,109
up €24,109 (+7.6%), from €318,160 to €342,268
- Gross operating margin +€11,005
up €11,005 (+77.9%), from -€14,135 to -€3,130
- Financial income -€3,653
down €3,653 (-8.3%), from €43,843 to €40,191
- Taxes +€1,099
up €1,099 (+10.0%), from €10,966 to €12,065
- Other operating charges -€373
down €373 (-41.8%), from €893 to €520
- Financial charges -€158
down €158 (-30.0%), from €526 to €368
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 | €754,598 | €784,942 | +€30,344 | +4.0% |
| Fixed assets | 21/28 | €454 | €454 | = | 0.0% |
| Financial fixed assets | 28 | €454 | €454 | = | 0.0% |
| Current assets | 29/58 | €754,145 | €784,488 | +€30,344 | +4.0% |
| Amounts receivable within one year | 40/41 | €753,827 | €773,318 | +€19,491 | +2.6% |
| Other amounts receivable | 41 | €753,827 | €773,318 | +€19,491 | +2.6% |
| Cash at bank and in hand | 54/58 | €317 | €11,170 | +€10,853 | +3,422% |
| Total equity and liabilities | 10/49 | €754,598 | €784,942 | +€30,344 | +4.0% |
| Equity | 10/15 | €336,759 | €360,868 | +€24,109 | +7.2% |
| Contributions | 10/11 | €18,599 | €18,599 | = | 0.0% |
| Reserves | 13 | €318,160 | €342,268 | +€24,109 | +7.6% |
| Distributable reserves | 133 | €318,160 | €342,268 | +€24,109 | +7.6% |
| Amounts payable | 17/49 | €417,839 | €424,074 | +€6,235 | +1.5% |
| Amounts payable within one year | 42/48 | €417,839 | €424,074 | +€6,235 | +1.5% |
| Trade debts | 44 | €423 | €196 | -€227 | -53.6% |
| Suppliers | 440/4 | €423 | €196 | -€227 | -53.6% |
| Taxes, remuneration and social security | 45 | €13,311 | €19,774 | +€6,462 | +48.5% |
| Taxes | 450/3 | €13,311 | €19,774 | +€6,462 | +48.5% |
| Other amounts payable | 47/48 | €404,105 | €404,105 | = | 0.0% |
| Other operating charges | 640/8 | €893 | €520 | -€373 | -41.8% |
| Gross operating margin | 9900 | -€14,135 | -€3,130 | +€11,005 | +77.9% |
| Operating profit (loss) | 9901 | -€15,028 | -€3,650 | +€11,378 | +75.7% |
| Financial income | 75/76B | €43,843 | €40,191 | -€3,653 | -8.3% |
| Recurring financial income | 75 | €43,843 | €40,191 | -€3,653 | -8.3% |
| Financial charges | 65/66B | €526 | €368 | -€158 | -30.0% |
| Recurring financial charges | 65 | €526 | €368 | -€158 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €28,290 | €36,173 | +€7,883 | +27.9% |
| Income taxes | 67/77 | €10,966 | €12,065 | +€1,099 | +10.0% |
| Profit (loss) for the period | 9904 | €17,324 | €24,109 | +€6,785 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,324 | €24,109 | +€6,785 | +39.2% |
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 24 October 2026 via checked.be.