MOREAU Electricité: 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 Electricité
Largest movements
- Tangible fixed assets +€23,691
new in 2025: €23,691
of which Leasing and similar rights: +€22,138
- Receivables within one year +€14,896
up €14,896 (+210%), from €7,092 to €21,988
of which Trade receivables: +€12,454
- Cash +€6,547
up €6,547 (+55.1%), from €11,891 to €18,439
mainly Debts after one year (+€15,729) and Net result for the year (+€9,993)
- Debts after one year +€15,729
new in 2025: €15,729
- Profit (loss) carried forward +€9,993
up €9,993 (+351%), from €2,848 to €12,841
- Tax, wage and social debts +€7,805
up €7,805 (+426%), from €1,831 to €9,636
of which Remuneration and social security: +€5,178
- Current portion of long-term debt +€6,248
new in 2025: €6,248
- Trade debts +€4,651
up €4,651 (+188%), from €2,473 to €7,124
- Gross operating margin +€25,738
up €25,738 (+474%), from €5,428 to €31,166
- Staff costs +€9,952
up €9,952 (+6,184%), from €161 to €10,113
- Depreciation +€6,644
new in 2025: €6,644
- Taxes +€2,063
up €2,063 (+239%), from €863 to €2,925
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 | €19,795 | €65,101 | +€45,306 | +229% |
| Fixed assets | 21/28 | - | €23,691 | +€23,691 | |
| Tangible fixed assets | 22/27 | - | €23,691 | +€23,691 | |
| Furniture and vehicles | 24 | - | €1,552 | +€1,552 | |
| Leasing and similar rights | 25 | - | €22,138 | +€22,138 | |
| Current assets | 29/58 | €19,795 | €41,411 | +€21,616 | +109% |
| Amounts receivable within one year | 40/41 | €7,092 | €21,988 | +€14,896 | +210% |
| Trade receivables | 40 | €6,076 | €18,530 | +€12,454 | +205% |
| Other amounts receivable | 41 | €1,016 | €3,458 | +€2,442 | +240% |
| Cash at bank and in hand | 54/58 | €11,891 | €18,439 | +€6,547 | +55.1% |
| Deferred charges and accrued income | 490/1 | €812 | €984 | +€172 | +21.2% |
| Total equity and liabilities | 10/49 | €19,795 | €65,101 | +€45,306 | +229% |
| Equity | 10/15 | €5,848 | €15,841 | +€9,993 | +171% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,848 | €12,841 | +€9,993 | +351% |
| Amounts payable | 17/49 | €13,947 | €49,260 | +€35,313 | +253% |
| Amounts payable after more than one year | 17 | - | €15,729 | +€15,729 | |
| Financial debts | 170/4 | - | €15,729 | +€15,729 | |
| Amounts payable within one year | 42/48 | €13,947 | €33,532 | +€19,585 | +140% |
| Current portion of amounts payable after more than one year | 42 | - | €6,248 | +€6,248 | |
| Trade debts | 44 | €2,473 | €7,124 | +€4,651 | +188% |
| Suppliers | 440/4 | €2,473 | €7,124 | +€4,651 | +188% |
| Taxes, remuneration and social security | 45 | €1,831 | €9,636 | +€7,805 | +426% |
| Taxes | 450/3 | €1,632 | €4,259 | +€2,627 | +161% |
| Remuneration and social security | 454/9 | €199 | €5,378 | +€5,178 | +2,598% |
| Other amounts payable | 47/48 | €9,642 | €10,523 | +€881 | +9.1% |
| Remuneration, social security and pensions | 62 | €161 | €10,113 | +€9,952 | +6,184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,644 | +€6,644 | |
| Other operating charges | 640/8 | €250 | €447 | +€197 | +78.9% |
| Gross operating margin | 9900 | €5,428 | €31,166 | +€25,738 | +474% |
| Operating profit (loss) | 9901 | €5,017 | €13,962 | +€8,945 | +178% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €1,306 | €1,064 | -€242 | -18.5% |
| Recurring financial charges | 65 | €1,306 | €1,064 | -€242 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €3,711 | €12,918 | +€9,207 | +248% |
| Income taxes | 67/77 | €863 | €2,925 | +€2,063 | +239% |
| Profit (loss) for the period | 9904 | €2,848 | €9,993 | +€7,145 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €2,848 | €9,993 | +€7,145 | +251% |
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.