Morebo: 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.
Morebo
Largest movements
- Stocks and contracts -€707,381
no longer reported in 2025 (was €707,381)
- Cash +€387,631
up €387,631 (+827.6%), from €46,837 to €434,468
mainly Stocks and contracts (+€707,381) and Net result for the year (+€133,648)
- Current portion of long-term debt -€500,000
no longer reported in 2025 (was €500,000)
- Profit (loss) carried forward +€77,893
no longer reported in 2025 (was -€77,893)
- Reserves +€55,755
up €55,755 (+151.7%), from €36,747 to €92,503
- Tax, wage and social debts +€34,475
new in 2025: €34,475
- Other debts +€13,659
up €13,659 (+4.8%), from €286,331 to €299,991
- Gross operating margin +€224,891
up €224,891, from -€32,796 to €192,095
- Taxes +€29,468
up €29,468 (+2836.6%), from €1,039 to €30,507
- Financial charges -€7,983
down €7,983 (-23.8%), from €33,555 to €25,573
- Other operating charges +€3,508
up €3,508 (+658.8%), from €532 to €4,040
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 | €754,218 | €434,468 | -€319,750 | -42.4% |
| Current assets | 29/58 | €754,218 | €434,468 | -€319,750 | -42.4% |
| Stocks and contracts in progress | 3 | €707,381 | - | -€707,381 | |
| Stocks | 30/36 | €707,381 | - | -€707,381 | |
| Cash at bank and in hand | 54/58 | €46,837 | €434,468 | +€387,631 | +827.6% |
| Total equity and liabilities | 10/49 | €754,218 | €434,468 | -€319,750 | -42.4% |
| Equity | 10/15 | -€33,646 | €100,003 | +€133,648 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €36,747 | €92,503 | +€55,755 | +151.7% |
| Distributable reserves | 133 | €36,747 | €92,503 | +€55,755 | +151.7% |
| Profit (loss) carried forward | 14 | -€77,893 | - | +€77,893 | |
| Amounts payable | 17/49 | €787,864 | €334,466 | -€453,398 | -57.5% |
| Amounts payable within one year | 42/48 | €787,864 | €334,466 | -€453,398 | -57.5% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | - | -€500,000 | |
| Trade debts | 44 | €1,533 | - | -€1,533 | |
| Suppliers | 440/4 | €1,533 | - | -€1,533 | |
| Taxes, remuneration and social security | 45 | - | €34,475 | +€34,475 | |
| Taxes | 450/3 | - | €34,475 | +€34,475 | |
| Other amounts payable | 47/48 | €286,331 | €299,991 | +€13,659 | +4.8% |
| Other operating charges | 640/8 | €532 | €4,040 | +€3,508 | +658.8% |
| Gross operating margin | 9900 | -€32,796 | €192,095 | +€224,891 | |
| Operating profit (loss) | 9901 | -€33,329 | €188,055 | +€221,384 | |
| Financial income | 75/76B | €331 | €1,673 | +€1,342 | +405.5% |
| Recurring financial income | 75 | €331 | €1,673 | +€1,342 | +405.5% |
| Financial charges | 65/66B | €33,555 | €25,573 | -€7,983 | -23.8% |
| Recurring financial charges | 65 | €33,555 | €25,573 | -€7,983 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | -€66,553 | €164,155 | +€230,708 | |
| Income taxes | 67/77 | €1,039 | €30,507 | +€29,468 | +2836.6% |
| Profit (loss) for the period | 9904 | -€67,592 | €133,648 | +€201,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,592 | €133,648 | +€201,240 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.