MOREAU ETS: 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 ETS
Largest movements
- Receivables within one year +€12,877
up €12,877 (+101.4%), from €12,700 to €25,577
of which Other amounts receivable: +€12,541
- Cash -€6,829
down €6,829 (-18.0%), from €37,894 to €31,065
mainly Debts after one year (-€18,031) and Receivables within one year (-€12,877)
- Tangible fixed assets -€5,627
down €5,627 (-4.7%), from €118,484 to €112,857
of which Land and buildings: -€5,010
- Debts after one year -€18,031
down €18,031 (-43.2%), from €41,780 to €23,749
of which Financial debts: -€18,031
- Trade debts +€12,893
up €12,893 (+30.9%), from €41,723 to €54,616
- Tax, wage and social debts +€8,929
up €8,929 (+170.2%), from €5,247 to €14,176
of which Remuneration and social security: +€6,046
- Accrued charges and deferred income -€3,269
down €3,269 (-83.4%), from €3,921 to €652
- Staff costs +€8,583
up €8,583 (+25.4%), from €33,843 to €42,426
- Other operating charges -€4,078
down €4,078 (-58.1%), from €7,021 to €2,943
- Gross operating margin +€3,562
up €3,562 (+6.2%), from €57,021 to €60,583
- Taxes +€1,002
new in 2024: €1,002
- Financial charges +€635
up €635 (+16.8%), from €3,790 to €4,425
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,881 | €174,364 | +€483 | +0.3% |
| Fixed assets | 21/28 | €120,317 | €113,774 | -€6,543 | -5.4% |
| Intangible fixed assets | 21 | €1,833 | €917 | -€916 | -50.0% |
| Tangible fixed assets | 22/27 | €118,484 | €112,857 | -€5,627 | -4.7% |
| Land and buildings | 22 | €110,579 | €105,569 | -€5,010 | -4.5% |
| Plant, machinery and equipment | 23 | €6,334 | €5,056 | -€1,278 | -20.2% |
| Furniture and vehicles | 24 | €454 | €1,488 | +€1,034 | +227.8% |
| Other tangible fixed assets | 26 | €1,117 | €744 | -€373 | -33.4% |
| Current assets | 29/58 | €53,564 | €60,590 | +€7,026 | +13.1% |
| Stocks and contracts in progress | 3 | €1,960 | €2,240 | +€280 | +14.3% |
| Stocks | 30/36 | €1,960 | €2,240 | +€280 | +14.3% |
| Amounts receivable within one year | 40/41 | €12,700 | €25,577 | +€12,877 | +101.4% |
| Trade receivables | 40 | €1,921 | €2,257 | +€336 | +17.5% |
| Other amounts receivable | 41 | €10,779 | €23,320 | +€12,541 | +116.3% |
| Cash at bank and in hand | 54/58 | €37,894 | €31,065 | -€6,829 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,010 | €1,708 | +€698 | +69.1% |
| Total equity and liabilities | 10/49 | €173,881 | €174,364 | +€483 | +0.3% |
| Equity | 10/15 | €63,473 | €63,140 | -€333 | -0.5% |
| Contributions | 10/11 | €59,000 | €59,000 | = | 0.0% |
| Reserves | 13 | €5,900 | €5,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,900 | €5,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,900 | €5,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,427 | -€1,760 | -€333 | -23.3% |
| Amounts payable | 17/49 | €110,408 | €111,224 | +€816 | +0.7% |
| Amounts payable after more than one year | 17 | €41,780 | €23,749 | -€18,031 | -43.2% |
| Financial debts | 170/4 | €41,100 | €23,069 | -€18,031 | -43.9% |
| Other amounts payable | 178/9 | €680 | €680 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,707 | €86,823 | +€22,116 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €17,737 | €18,031 | +€294 | +1.7% |
| Trade debts | 44 | €41,723 | €54,616 | +€12,893 | +30.9% |
| Suppliers | 440/4 | €41,723 | €54,616 | +€12,893 | +30.9% |
| Taxes, remuneration and social security | 45 | €5,247 | €14,176 | +€8,929 | +170.2% |
| Taxes | 450/3 | €2,213 | €5,096 | +€2,883 | +130.3% |
| Remuneration and social security | 454/9 | €3,034 | €9,080 | +€6,046 | +199.3% |
| Accrued charges and deferred income | 492/3 | €3,921 | €652 | -€3,269 | -83.4% |
| Remuneration, social security and pensions | 62 | €33,843 | €42,426 | +€8,583 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,634 | €10,177 | +€543 | +5.6% |
| Other operating charges | 640/8 | €7,021 | €2,943 | -€4,078 | -58.1% |
| Gross operating margin | 9900 | €57,021 | €60,583 | +€3,562 | +6.2% |
| Operating profit (loss) | 9901 | €6,523 | €5,037 | -€1,486 | -22.8% |
| Financial income | 75/76B | €1 | €57 | +€56 | +5600.0% |
| Recurring financial income | 75 | €1 | €57 | +€56 | +5600.0% |
| Financial charges | 65/66B | €3,790 | €4,425 | +€635 | +16.8% |
| Recurring financial charges | 65 | €3,790 | €4,425 | +€635 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €2,734 | €669 | -€2,065 | -75.5% |
| Income taxes | 67/77 | - | €1,002 | +€1,002 | |
| Profit (loss) for the period | 9904 | €2,734 | -€333 | -€3,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,734 | -€333 | -€3,067 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.