MORESKA: 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.
MORESKA
Largest movements
- Receivables within one year +€38,361
up €38,361 (+79.0%), from €48,588 to €86,949
of which Trade receivables: +€19,832
- Current investments -€4,923
down €4,923 (-66.1%), from €7,452 to €2,528
- Cash -€4,810
down €4,810 (-99.9%), from €4,817 to €7
mainly Receivables within one year (-€38,361) and Contributions, distributions and other (-€35,634)
- Deferred charges and accrued income -€4,745
down €4,745 (-16.5%), from €28,786 to €24,040
- Other debts +€19,634
up €19,634 (+123%), from €16,000 to €35,634
- Short-term financial debts +€7,478
new in 2025: €7,478
- Trade debts -€6,757
down €6,757 (-97.1%), from €6,961 to €204
of which Suppliers: -€4,628
- Tax, wage and social debts +€3,033
up €3,033 (+32.1%), from €9,450 to €12,484
of which Taxes: +€3,033
- Gross operating margin -€16,524
down €16,524 (-22.0%), from €75,012 to €58,488
- Financial charges +€2,202
up €2,202 (+77.3%), from €2,848 to €5,050
- Taxes -€1,024
down €1,024 (-6.3%), from €16,350 to €15,325
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 | €97,449 | €121,863 | +€24,414 | +25.1% |
| Fixed assets | 21/28 | €7,807 | €8,338 | +€531 | +6.8% |
| Tangible fixed assets | 22/27 | €7,807 | €8,338 | +€531 | +6.8% |
| Furniture and vehicles | 24 | €7,807 | €8,338 | +€531 | +6.8% |
| Current assets | 29/58 | €89,642 | €113,525 | +€23,882 | +26.6% |
| Amounts receivable within one year | 40/41 | €48,588 | €86,949 | +€38,361 | +79.0% |
| Trade receivables | 40 | €5,221 | €25,052 | +€19,832 | +380% |
| Other amounts receivable | 41 | €43,367 | €61,897 | +€18,530 | +42.7% |
| Current investments | 50/53 | €7,452 | €2,528 | -€4,923 | -66.1% |
| Cash at bank and in hand | 54/58 | €4,817 | €7 | -€4,810 | -99.9% |
| Deferred charges and accrued income | 490/1 | €28,786 | €24,040 | -€4,745 | -16.5% |
| Total equity and liabilities | 10/49 | €97,449 | €121,863 | +€24,414 | +25.1% |
| Equity | 10/15 | €64,890 | €65,044 | +€155 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €44,890 | €45,044 | +€155 | +0.3% |
| Distributable reserves | 133 | €44,890 | €45,044 | +€155 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,560 | €56,818 | +€24,259 | +74.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €32,411 | €55,799 | +€23,388 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €7,478 | +€7,478 | |
| Credit institutions | 430/8 | - | €7,478 | +€7,478 | |
| Trade debts | 44 | €6,961 | €204 | -€6,757 | -97.1% |
| Suppliers | 440/4 | €4,832 | €204 | -€4,628 | -95.8% |
| Bills of exchange payable | 441 | €2,129 | - | -€2,129 | |
| Taxes, remuneration and social security | 45 | €9,450 | €12,484 | +€3,033 | +32.1% |
| Taxes | 450/3 | €9,450 | €12,484 | +€3,033 | +32.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,000 | €35,634 | +€19,634 | +123% |
| Accrued charges and deferred income | 492/3 | €148 | €1,019 | +€871 | +587% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,935 | €3,665 | +€730 | +24.9% |
| Other operating charges | 640/8 | €2,954 | €2,497 | -€457 | -15.5% |
| Non-recurring operating charges | 66A | €9,091 | €0 | -€9,091 | -100% |
| Gross operating margin | 9900 | €75,012 | €58,488 | -€16,524 | -22.0% |
| Operating profit (loss) | 9901 | €60,031 | €52,325 | -€7,706 | -12.8% |
| Financial income | 75/76B | €3,169 | €3,839 | +€671 | +21.2% |
| Recurring financial income | 75 | €3,169 | €3,839 | +€671 | +21.2% |
| Financial charges | 65/66B | €2,848 | €5,050 | +€2,202 | +77.3% |
| Recurring financial charges | 65 | €2,848 | €5,050 | +€2,202 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €60,352 | €51,114 | -€9,237 | -15.3% |
| Income taxes | 67/77 | €16,350 | €15,325 | -€1,024 | -6.3% |
| Profit (loss) for the period | 9904 | €44,002 | €35,789 | -€8,213 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,002 | €35,789 | -€8,213 | -18.7% |
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 17 October 2026 via checked.be.