MORE & MORE: 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.
MORE & MORE
Largest movements
- Deferred charges and accrued income +€65,625
new in 2025: €65,625
- Trade debts +€78,390
up €78,390 (+7716.3%), from €1,016 to €79,406
- Debts after one year -€69,274
down €69,274 (-10.9%), from €633,538 to €564,265
- Profit (loss) carried forward +€67,385
up €67,385 (+24.1%), from -€279,867 to -€212,482
- Financial charges -€24,108
down €24,108 (-52.4%), from €46,039 to €21,931
of which Financial charges: -€24,108
- Gross operating margin +€7,758
up €7,758 (+8.6%), from €90,266 to €98,024
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 | €1,253,569 | €1,327,044 | +€73,474 | +5.9% |
| Fixed assets | 21/28 | €1,127,794 | €1,127,794 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,127,794 | €1,127,794 | = | 0.0% |
| Land and buildings | 22 | €1,127,794 | €1,127,794 | = | 0.0% |
| Current assets | 29/58 | €125,775 | €199,249 | +€73,474 | +58.4% |
| Amounts receivable within one year | 40/41 | €116,795 | €123,041 | +€6,247 | +5.3% |
| Trade receivables | 40 | €116,528 | €116,528 | = | 0.0% |
| Other amounts receivable | 41 | €266 | €6,513 | +€6,247 | +2345.1% |
| Cash at bank and in hand | 54/58 | €8,980 | €10,583 | +€1,603 | +17.8% |
| Deferred charges and accrued income | 490/1 | - | €65,625 | +€65,625 | |
| Total equity and liabilities | 10/49 | €1,253,569 | €1,327,044 | +€73,474 | +5.9% |
| Equity | 10/15 | €394,931 | €462,317 | +€67,385 | +17.1% |
| Contributions | 10/11 | €159,271 | €159,271 | = | 0.0% |
| Capital | 10 | €159,271 | €159,271 | = | 0.0% |
| Issued capital | 100 | €159,271 | €159,271 | = | 0.0% |
| Revaluation surpluses | 12 | €514,868 | €514,868 | = | 0.0% |
| Reserves | 13 | €660 | €660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €660 | €660 | = | 0.0% |
| Legal reserve | 130 | €660 | €660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€279,867 | -€212,482 | +€67,385 | +24.1% |
| Amounts payable | 17/49 | €858,638 | €864,727 | +€6,089 | +0.7% |
| Amounts payable after more than one year | 17 | €633,538 | €564,265 | -€69,274 | -10.9% |
| Financial debts | 170/4 | €633,538 | €564,265 | -€69,274 | -10.9% |
| Amounts payable within one year | 42/48 | €225,100 | €300,463 | +€75,363 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €66,356 | €69,274 | +€2,918 | +4.4% |
| Trade debts | 44 | €1,016 | €79,406 | +€78,390 | +7716.3% |
| Suppliers | 440/4 | €1,016 | €79,406 | +€78,390 | +7716.3% |
| Taxes, remuneration and social security | 45 | €8,470 | €0 | -€8,470 | -100.0% |
| Taxes | 450/3 | €8,470 | €0 | -€8,470 | -100.0% |
| Other amounts payable | 47/48 | €149,258 | €151,783 | +€2,525 | +1.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €8,525 | €8,769 | +€244 | +2.9% |
| Gross operating margin | 9900 | €90,266 | €98,024 | +€7,758 | +8.6% |
| Operating profit (loss) | 9901 | €81,741 | €89,255 | +€7,514 | +9.2% |
| Financial income | 75/76B | €0 | €61 | +€61 | |
| Recurring financial income | 75 | €0 | €61 | +€61 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €46,039 | €21,931 | -€24,108 | -52.4% |
| Recurring financial charges | 65 | €46,039 | €21,931 | -€24,108 | -52.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €35,702 | €67,385 | +€31,683 | +88.7% |
| Profit (loss) for the period | 9904 | €35,702 | €67,385 | +€31,683 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,702 | €67,385 | +€31,683 | +88.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.