MOREGOD: 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.
MOREGOD
Largest movements
- Tangible fixed assets +€37,728
up €37,728 (+41.3%), from €91,296 to €129,024
of which Other tangible fixed assets: +€41,598
- Cash -€14,383
down €14,383 (-99.1%), from €14,516 to €133
mainly Investment in fixed assets (net) (-€51,692) and Trade debts (-€45,174)
- Current investments -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Receivables within one year +€7,000
up €7,000 (+7579.0%), from €92 to €7,092
of which Trade receivables: +€7,000
- Debts after one year +€72,486
up €72,486 (+290.2%), from €24,981 to €97,467
- Trade debts -€45,174
down €45,174 (-99.5%), from €45,388 to €214
- Provisions -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Tax, wage and social debts +€3,453
up €3,453 (+57.6%), from €5,996 to €9,449
of which Remuneration and social security: +€6,000
- Provisions -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Depreciation +€6,380
up €6,380 (+84.1%), from €7,583 to €13,964
- Financial charges +€2,104
up €2,104 (+95.8%), from €2,195 to €4,299
- Gross operating margin -€776
down €776 (-3.8%), from €20,273 to €19,498
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 | €116,303 | €136,705 | +€20,402 | +17.5% |
| Fixed assets | 21/28 | €91,296 | €129,024 | +€37,728 | +41.3% |
| Tangible fixed assets | 22/27 | €91,296 | €129,024 | +€37,728 | +41.3% |
| Furniture and vehicles | 24 | €12,610 | €8,741 | -€3,869 | -30.7% |
| Other tangible fixed assets | 26 | €78,686 | €120,283 | +€41,598 | +52.9% |
| Current assets | 29/58 | €25,007 | €7,680 | -€17,327 | -69.3% |
| Amounts receivable within one year | 40/41 | €92 | €7,092 | +€7,000 | +7579.0% |
| Trade receivables | 40 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 41 | €92 | €92 | = | 0.0% |
| Current investments | 50/53 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,516 | €133 | -€14,383 | -99.1% |
| Deferred charges and accrued income | 490/1 | €399 | €455 | +€56 | +14.1% |
| Total equity and liabilities | 10/49 | €116,303 | €136,705 | +€20,402 | +17.5% |
| Equity | 10/15 | €3,205 | €3,681 | +€476 | +14.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,795 | -€1,319 | +€476 | +26.5% |
| Provisions and deferred taxes | 16 | €10,000 | €0 | -€10,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €0 | -€10,000 | -100.0% |
| Environmental obligations | 163 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts payable | 17/49 | €103,098 | €133,024 | +€29,926 | +29.0% |
| Amounts payable after more than one year | 17 | €24,981 | €97,467 | +€72,486 | +290.2% |
| Financial debts | 170/4 | €24,981 | €97,467 | +€72,486 | +290.2% |
| Amounts payable within one year | 42/48 | €77,917 | €35,548 | -€42,369 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €12,067 | €12,514 | +€447 | +3.7% |
| Trade debts | 44 | €45,388 | €214 | -€45,174 | -99.5% |
| Suppliers | 440/4 | €45,388 | €214 | -€45,174 | -99.5% |
| Taxes, remuneration and social security | 45 | €5,996 | €9,449 | +€3,453 | +57.6% |
| Taxes | 450/3 | €5,996 | €3,449 | -€2,547 | -42.5% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €14,465 | €13,371 | -€1,094 | -7.6% |
| Accrued charges and deferred income | 492/3 | €200 | €9 | -€191 | -95.6% |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,583 | €13,964 | +€6,380 | +84.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | €0 | -€10,000 | -100.0% |
| Other operating charges | 640/8 | €335 | €494 | +€159 | +47.5% |
| Gross operating margin | 9900 | €20,273 | €19,498 | -€776 | -3.8% |
| Operating profit (loss) | 9901 | €2,356 | €5,041 | +€2,685 | +114.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €2,195 | €4,299 | +€2,104 | +95.8% |
| Recurring financial charges | 65 | €2,195 | €4,299 | +€2,104 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €160 | €741 | +€581 | +362.3% |
| Income taxes | 67/77 | €253 | €265 | +€13 | +5.1% |
| Profit (loss) for the period | 9904 | -€92 | €476 | +€568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92 | €476 | +€568 |
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 3 October 2026 via checked.be.