MOREELS ALBERIC: 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.
MOREELS ALBERIC
Largest movements
- Tangible fixed assets -€27,047
down €27,047 (-6.4%), from €425,875 to €398,828
of which Plant, machinery and equipment: -€32,693
- Cash +€17,294
up €17,294 (+87.5%), from €19,759 to €37,053
mainly Net result for the year (+€63,301) and Depreciation (+€36,118)
- Receivables within one year -€14,156
down €14,156 (-25.6%), from €55,221 to €41,064
of which Other amounts receivable: -€13,776
- Debts after one year -€33,420
down €33,420 (-100%), from €33,420 to €0
- Reserves +€8,480
up €8,480 (+2.8%), from €301,427 to €309,908
of which Distributable reserves: +€10,340
- Gross operating margin +€16,669
up €16,669 (+14.7%), from €113,540 to €130,210
- Taxes +€6,616
up €6,616 (+33.6%), from €19,662 to €26,278
- Financial charges -€1,405
down €1,405 (-27.5%), from €5,108 to €3,703
of which Financial charges: -€1,337
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 | €511,150 | €484,848 | -€26,302 | -5.1% |
| Formation expenses | 20 | €931 | - | -€931 | |
| Fixed assets | 21/28 | €425,900 | €398,853 | -€27,047 | -6.4% |
| Tangible fixed assets | 22/27 | €425,875 | €398,828 | -€27,047 | -6.4% |
| Land and buildings | 22 | €217,000 | €217,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €206,827 | €174,134 | -€32,693 | -15.8% |
| Furniture and vehicles | 24 | €2,048 | €7,694 | +€5,646 | +276% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €84,319 | €85,995 | +€1,676 | +2.0% |
| Amounts receivable within one year | 40/41 | €55,221 | €41,064 | -€14,156 | -25.6% |
| Trade receivables | 40 | €24,442 | €24,062 | -€380 | -1.6% |
| Other amounts receivable | 41 | €30,779 | €17,003 | -€13,776 | -44.8% |
| Cash at bank and in hand | 54/58 | €19,759 | €37,053 | +€17,294 | +87.5% |
| Deferred charges and accrued income | 490/1 | €9,339 | €7,878 | -€1,461 | -15.6% |
| Total equity and liabilities | 10/49 | €511,150 | €484,848 | -€26,302 | -5.1% |
| Equity | 10/15 | €440,244 | €448,725 | +€8,480 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,427 | €309,908 | +€8,480 | +2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €78 | €78 | = | 0.0% |
| Distributable reserves | 133 | €299,490 | €309,830 | +€10,340 | +3.5% |
| Profit (loss) carried forward | 14 | €120,217 | €120,217 | = | 0.0% |
| Amounts payable | 17/49 | €70,905 | €36,123 | -€34,782 | -49.1% |
| Amounts payable after more than one year | 17 | €33,420 | €0 | -€33,420 | -100% |
| Financial debts | 170/4 | €33,420 | €0 | -€33,420 | -100% |
| Amounts payable within one year | 42/48 | €36,604 | €36,123 | -€480 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €17,950 | €18,125 | +€176 | +1.0% |
| Trade debts | 44 | €3,448 | €8,081 | +€4,633 | +134% |
| Suppliers | 440/4 | €3,448 | €8,081 | +€4,633 | +134% |
| Taxes, remuneration and social security | 45 | €9,055 | €7,817 | -€1,237 | -13.7% |
| Taxes | 450/3 | €9,055 | €7,817 | -€1,237 | -13.7% |
| Other amounts payable | 47/48 | €6,152 | €2,100 | -€4,052 | -65.9% |
| Accrued charges and deferred income | 492/3 | €882 | €0 | -€882 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,894 | €36,118 | +€223 | +0.6% |
| Other operating charges | 640/8 | €1,770 | €2,203 | +€433 | +24.4% |
| Gross operating margin | 9900 | €113,540 | €130,210 | +€16,669 | +14.7% |
| Operating profit (loss) | 9901 | €75,875 | €91,889 | +€16,013 | +21.1% |
| Financial income | 75/76B | €1,219 | €1,393 | +€175 | +14.3% |
| Recurring financial income | 75 | €1,219 | €1,393 | +€175 | +14.3% |
| Financial charges | 65/66B | €5,108 | €3,703 | -€1,405 | -27.5% |
| Recurring financial charges | 65 | €5,040 | €3,703 | -€1,337 | -26.5% |
| Non-recurring financial charges | 66B | €68 | €0 | -€68 | -100% |
| Profit (loss) for the period before taxes | 9903 | €71,986 | €89,579 | +€17,593 | +24.4% |
| Income taxes | 67/77 | €19,662 | €26,278 | +€6,616 | +33.6% |
| Profit (loss) for the period | 9904 | €52,324 | €63,301 | +€10,977 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,324 | €63,301 | +€10,977 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.