Moremi: 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.
Moremi
Largest movements
- Cash +€269,261
up €269,261 (+133.0%), from €202,464 to €471,725
mainly Net result for the year (+€291,470) and Current investments (+€200,000)
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Receivables within one year -€55,448
down €55,448 (-47.1%), from €117,677 to €62,229
of which Other amounts receivable: -€38,666
- Tangible fixed assets +€53,660
up €53,660 (+48.9%), from €109,822 to €163,481
of which Furniture and vehicles: +€55,151
- Tax, wage and social debts +€38,902
up €38,902 (+120.9%), from €32,180 to €71,082
- Other debts +€37,626
up €37,626 (+7.3%), from €511,969 to €549,595
- Debts after one year -€16,704
down €16,704 (-48.0%), from €34,828 to €18,124
- Reserves +€16,470
up €16,470 (+885.5%), from €1,860 to €18,330
- Current portion of long-term debt -€10,517
down €10,517 (-38.6%), from €27,221 to €16,704
- Gross operating margin +€137,871
up €137,871 (+49.2%), from €280,485 to €418,356
- Taxes +€34,687
up €34,687 (+58.7%), from €59,138 to €93,824
- Depreciation +€5,879
up €5,879 (+23.0%), from €25,506 to €31,384
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 | €634,235 | €700,785 | +€66,550 | +10.5% |
| Fixed assets | 21/28 | €109,822 | €163,481 | +€53,660 | +48.9% |
| Tangible fixed assets | 22/27 | €109,822 | €163,481 | +€53,660 | +48.9% |
| Plant, machinery and equipment | 23 | €4,305 | €2,814 | -€1,491 | -34.6% |
| Furniture and vehicles | 24 | €105,517 | €160,668 | +€55,151 | +52.3% |
| Current assets | 29/58 | €524,414 | €537,304 | +€12,890 | +2.5% |
| Amounts receivable within one year | 40/41 | €117,677 | €62,229 | -€55,448 | -47.1% |
| Trade receivables | 40 | €76,796 | €60,014 | -€16,782 | -21.9% |
| Other amounts receivable | 41 | €40,881 | €2,215 | -€38,666 | -94.6% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €202,464 | €471,725 | +€269,261 | +133.0% |
| Deferred charges and accrued income | 490/1 | €4,273 | €3,350 | -€922 | -21.6% |
| Total equity and liabilities | 10/49 | €634,235 | €700,785 | +€66,550 | +10.5% |
| Equity | 10/15 | €20,460 | €36,930 | +€16,470 | +80.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €18,330 | +€16,470 | +885.5% |
| Distributable reserves | 133 | €1,860 | €18,330 | +€16,470 | +885.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €613,775 | €663,855 | +€50,080 | +8.2% |
| Amounts payable after more than one year | 17 | €34,828 | €18,124 | -€16,704 | -48.0% |
| Financial debts | 170/4 | €34,828 | €18,124 | -€16,704 | -48.0% |
| Amounts payable within one year | 42/48 | €577,381 | €644,282 | +€66,901 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €27,221 | €16,704 | -€10,517 | -38.6% |
| Trade debts | 44 | €6,012 | €6,902 | +€891 | +14.8% |
| Suppliers | 440/4 | €6,012 | €6,902 | +€891 | +14.8% |
| Taxes, remuneration and social security | 45 | €32,180 | €71,082 | +€38,902 | +120.9% |
| Taxes | 450/3 | €32,180 | €71,082 | +€38,902 | +120.9% |
| Other amounts payable | 47/48 | €511,969 | €549,595 | +€37,626 | +7.3% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,449 | -€118 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,506 | €31,384 | +€5,879 | +23.0% |
| Other operating charges | 640/8 | €1,324 | €1,854 | +€530 | +40.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €280,485 | €418,356 | +€137,871 | +49.2% |
| Operating profit (loss) | 9901 | €253,655 | €385,118 | +€131,463 | +51.8% |
| Financial income | 75/76B | €34 | €3,486 | +€3,452 | +10235.0% |
| Recurring financial income | 75 | €34 | €3,486 | +€3,452 | +10235.0% |
| Financial charges | 65/66B | €3,735 | €3,310 | -€425 | -11.4% |
| Recurring financial charges | 65 | €3,735 | €3,310 | -€425 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €249,954 | €385,294 | +€135,340 | +54.1% |
| Income taxes | 67/77 | €59,138 | €93,824 | +€34,687 | +58.7% |
| Profit (loss) for the period | 9904 | €190,817 | €291,470 | +€100,653 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €190,817 | €291,470 | +€100,653 | +52.7% |
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 7 October 2026 via checked.be.