MOREAU ENERGY: 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 ENERGY
Largest movements
- Receivables within one year -€29,464
down €29,464 (-58.4%), from €50,409 to €20,945
of which Trade receivables: -€28,295
- Deferred charges and accrued income -€713
down €713 (-61.2%), from €1,166 to €453
- Tangible fixed assets +€618
new in 2025: €618
- Cash -€568
down €568 (-16.4%), from €3,456 to €2,888
mainly Trade debts (-€33,024) and Investment in fixed assets (net) (-€907)
- Trade debts -€33,024
down €33,024 (-95.3%), from €34,639 to €1,615
- Profit (loss) carried forward +€1,529
up €1,529 (+11.9%), from €12,881 to €14,410
- Tax, wage and social debts +€1,078
up €1,078 (+23.9%), from €4,512 to €5,590
- Gross operating margin -€16,029
down €16,029 (-90.1%), from €17,782 to €1,753
- Purchases and services +€11,151
up €11,151 (+101%), from €11,063 to €22,214
- Taxes -€3,937
down €3,937 (-87.2%), from €4,512 to €576
- Financial income +€959
up €959 (+949%), from €101 to €1,061
- Depreciation +€290
new in 2025: €290
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 | €55,032 | €24,904 | -€30,129 | -54.7% |
| Fixed assets | 21/28 | €1 | €618 | +€617 | +61,666% |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | - | €618 | +€618 | |
| Furniture and vehicles | 24 | - | €618 | +€618 | |
| Current assets | 29/58 | €55,031 | €24,286 | -€30,745 | -55.9% |
| Amounts receivable within one year | 40/41 | €50,409 | €20,945 | -€29,464 | -58.4% |
| Trade receivables | 40 | €30,877 | €2,583 | -€28,295 | -91.6% |
| Other amounts receivable | 41 | €19,532 | €18,363 | -€1,169 | -6.0% |
| Cash at bank and in hand | 54/58 | €3,456 | €2,888 | -€568 | -16.4% |
| Deferred charges and accrued income | 490/1 | €1,166 | €453 | -€713 | -61.2% |
| Total equity and liabilities | 10/49 | €55,032 | €24,904 | -€30,129 | -54.7% |
| Equity | 10/15 | €15,881 | €17,410 | +€1,529 | +9.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,881 | €14,410 | +€1,529 | +11.9% |
| Amounts payable | 17/49 | €39,151 | €7,494 | -€31,657 | -80.9% |
| Amounts payable within one year | 42/48 | €39,151 | €7,205 | -€31,947 | -81.6% |
| Trade debts | 44 | €34,639 | €1,615 | -€33,024 | -95.3% |
| Suppliers | 440/4 | €34,639 | €1,615 | -€33,024 | -95.3% |
| Taxes, remuneration and social security | 45 | €4,512 | €5,590 | +€1,078 | +23.9% |
| Taxes | 450/3 | €4,512 | €5,590 | +€1,078 | +23.9% |
| Accrued charges and deferred income | 492/3 | - | €289 | +€289 | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,063 | €22,214 | +€11,151 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €290 | +€290 | |
| Other operating charges | 640/8 | €487 | €400 | -€88 | -18.0% |
| Gross operating margin | 9900 | €17,782 | €1,753 | -€16,029 | -90.1% |
| Operating profit (loss) | 9901 | €17,295 | €1,063 | -€16,231 | -93.9% |
| Financial income | 75/76B | €101 | €1,061 | +€959 | +949% |
| Recurring financial income | 75 | €101 | €1,061 | +€959 | +949% |
| Financial charges | 65/66B | €3 | €19 | +€17 | +565% |
| Recurring financial charges | 65 | €3 | €19 | +€17 | +565% |
| Profit (loss) for the period before taxes | 9903 | €17,393 | €2,104 | -€15,289 | -87.9% |
| Income taxes | 67/77 | €4,512 | €576 | -€3,937 | -87.2% |
| Profit (loss) for the period | 9904 | €12,881 | €1,529 | -€11,352 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,881 | €1,529 | -€11,352 | -88.1% |
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 19 October 2026 via checked.be.