MOREAU.CL: 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.
MOREAU.CL
Largest movements
- Tangible fixed assets -€20,179
down €20,179 (-2.7%), from €744,689 to €724,511
of which Land and buildings: -€19,692
- Debts after one year -€12,871
down €12,871 (-19.0%), from €67,585 to €54,714
- Gross operating margin -€3,205
down €3,205 (-8.0%), from €39,881 to €36,676
- Financial charges -€1,567
down €1,567 (-13.2%), from €11,865 to €10,299
- Depreciation -€1,106
down €1,106 (-4.8%), from €22,882 to €21,776
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 | €823,159 | €803,290 | -€19,868 | -2.4% |
| Fixed assets | 21/28 | €744,689 | €724,511 | -€20,179 | -2.7% |
| Tangible fixed assets | 22/27 | €744,689 | €724,511 | -€20,179 | -2.7% |
| Land and buildings | 22 | €735,896 | €716,203 | -€19,692 | -2.7% |
| Plant, machinery and equipment | 23 | €5,341 | €5,961 | +€620 | +11.6% |
| Furniture and vehicles | 24 | €3,453 | €2,347 | -€1,106 | -32.0% |
| Current assets | 29/58 | €78,469 | €78,780 | +€310 | +0.4% |
| Amounts receivable within one year | 40/41 | €2,295 | €0 | -€2,295 | -100% |
| Trade receivables | 40 | €2,218 | €0 | -€2,218 | -100% |
| Other amounts receivable | 41 | €77 | €0 | -€77 | -100% |
| Cash at bank and in hand | 54/58 | €65,213 | €66,872 | +€1,658 | +2.5% |
| Deferred charges and accrued income | 490/1 | €10,961 | €11,908 | +€947 | +8.6% |
| Total equity and liabilities | 10/49 | €823,159 | €803,290 | -€19,868 | -2.4% |
| Equity | 10/15 | €615,929 | €613,451 | -€2,477 | -0.4% |
| Contributions | 10/11 | €690,000 | €690,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,071 | -€76,549 | -€2,477 | -3.3% |
| Amounts payable | 17/49 | €207,230 | €189,839 | -€17,391 | -8.4% |
| Amounts payable after more than one year | 17 | €67,585 | €54,714 | -€12,871 | -19.0% |
| Financial debts | 170/4 | €67,585 | €54,714 | -€12,871 | -19.0% |
| Amounts payable within one year | 42/48 | €130,118 | €126,903 | -€3,215 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €12,563 | €12,871 | +€308 | +2.5% |
| Trade debts | 44 | €51 | €185 | +€134 | +264% |
| Suppliers | 440/4 | €51 | €185 | +€134 | +264% |
| Taxes, remuneration and social security | 45 | €140 | €280 | +€141 | +101% |
| Taxes | 450/3 | €140 | €280 | +€141 | +101% |
| Other amounts payable | 47/48 | €117,365 | €113,567 | -€3,798 | -3.2% |
| Accrued charges and deferred income | 492/3 | €9,526 | €8,222 | -€1,305 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,882 | €21,776 | -€1,106 | -4.8% |
| Other operating charges | 640/8 | €7,306 | €6,938 | -€367 | -5.0% |
| Gross operating margin | 9900 | €39,881 | €36,676 | -€3,205 | -8.0% |
| Operating profit (loss) | 9901 | €9,694 | €7,962 | -€1,731 | -17.9% |
| Financial charges | 65/66B | €11,865 | €10,299 | -€1,567 | -13.2% |
| Recurring financial charges | 65 | €11,865 | €10,299 | -€1,567 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,172 | -€2,337 | -€165 | -7.6% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€2,311 | -€2,477 | -€166 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,311 | -€2,477 | -€166 | -7.2% |
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 16 October 2026 via checked.be.