MORELLI & FILS: 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.
What changed
MORELLI & FILS
NACE 47.540, Retail sale of electrical household appliances
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,105
2024 · €9,683+€13,423
Equity
€269,519
2024 · €246,413+€23,105
Cash
€234,746
2024 · €204,458+€30,288
Balance sheet total
€282,100
2024 · €258,421+€23,679
Largest movements
Assets
- Cash +€30,288
up €30,288 (+14.8%), from €204,458 to €234,746
mainly Net result for the year (+€23,105) and Receivables within one year (+€2,777)
Equity and liabilities
- Profit (loss) carried forward +€23,105
up €23,105 (+11.8%), from €195,853 to €218,959
Income statement
- Gross operating margin +€21,553
up €21,553 (+38.7%), from €55,649 to €77,203
- Taxes +€6,802
up €6,802 (+136%), from €5,014 to €11,815
- Other operating charges +€1,431
up €1,431 (+265%), from €540 to €1,971
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.
Result 2024
€9,683
Gross operating margin
+€21,553
Staff costs
-€550
Depreciation
+€385
Other operating charges
-€1,431
Other operating items
+€1,063
Financial income
-€559
Financial charges
-€237
Taxes
-€6,802
Result 2025
€23,105
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€30,288
Investment
€0
Financing
€0
Cash 2024
€204,458
From operations (derived)
+€30,288
Net result for the year
+€23,105
Depreciation
+€2,298
Receivables within one year
+€2,777
Deferred charges and accrued income
+€1,534
Trade debts
-€2,274
Tax, wage and social debts
+€767
Other debts
+€1,680
Accrued charges and deferred income
+€400
Cash 2025
€234,746
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,421 | €282,100 | +€23,679 | +9.2% |
| Fixed assets | 21/28 | €4,334 | €2,035 | -€2,298 | -53.0% |
| Tangible fixed assets | 22/27 | €3,334 | €1,035 | -€2,298 | -68.9% |
| Furniture and vehicles | 24 | €3,334 | €1,035 | -€2,298 | -68.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €254,087 | €280,064 | +€25,977 | +10.2% |
| Amounts receivable within one year | 40/41 | €14,371 | €11,594 | -€2,777 | -19.3% |
| Trade receivables | 40 | €1,637 | €2,411 | +€774 | +47.3% |
| Other amounts receivable | 41 | €12,734 | €9,183 | -€3,551 | -27.9% |
| Current investments | 50/53 | €30,100 | €30,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €204,458 | €234,746 | +€30,288 | +14.8% |
| Deferred charges and accrued income | 490/1 | €5,158 | €3,624 | -€1,534 | -29.7% |
| Total equity and liabilities | 10/49 | €258,421 | €282,100 | +€23,679 | +9.2% |
| Equity | 10/15 | €246,413 | €269,519 | +€23,105 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,960 | €31,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,100 | €30,100 | = | 0.0% |
| Own shares acquired | 1312 | €30,100 | €30,100 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,853 | €218,959 | +€23,105 | +11.8% |
| Amounts payable | 17/49 | €12,008 | €12,581 | +€573 | +4.8% |
| Amounts payable within one year | 42/48 | €12,008 | €12,181 | +€174 | +1.4% |
| Trade debts | 44 | €3,141 | €867 | -€2,274 | -72.4% |
| Suppliers | 440/4 | €3,141 | €867 | -€2,274 | -72.4% |
| Taxes, remuneration and social security | 45 | €8,867 | €9,634 | +€767 | +8.7% |
| Taxes | 450/3 | €3,913 | €2,646 | -€1,266 | -32.4% |
| Remuneration and social security | 454/9 | €4,954 | €6,988 | +€2,034 | +41.1% |
| Other amounts payable | 47/48 | - | €1,680 | +€1,680 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €33,645 | €34,195 | +€550 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,684 | €2,298 | -€385 | -14.4% |
| Other operating charges | 640/8 | €540 | €1,971 | +€1,431 | +265% |
| Non-recurring operating charges | 66A | €1,063 | - | -€1,063 | |
| Gross operating margin | 9900 | €55,649 | €77,203 | +€21,553 | +38.7% |
| Operating profit (loss) | 9901 | €17,718 | €38,738 | +€21,020 | +119% |
| Financial income | 75/76B | €559 | - | -€559 | |
| Recurring financial income | 75 | €559 | - | -€559 | |
| Financial charges | 65/66B | €3,581 | €3,818 | +€237 | +6.6% |
| Recurring financial charges | 65 | €3,581 | €3,818 | +€237 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €14,696 | €34,921 | +€20,224 | +138% |
| Income taxes | 67/77 | €5,014 | €11,815 | +€6,802 | +136% |
| Profit (loss) for the period | 9904 | €9,683 | €23,105 | +€13,423 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €9,683 | €23,105 | +€13,423 | +139% |
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 28 October 2026 via checked.be.