MORETUS GROEP: 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.
MORETUS GROEP
Largest movements
- Receivables within one year +€109,116
up €109,116 (+54.3%), from €200,833 to €309,949
of which Other amounts receivable: +€118,344
- Stocks and contracts -€81,227
down €81,227 (-73.8%), from €110,108 to €28,881
of which Stocks: -€81,227
- Cash -€60,059
down €60,059 (-27.6%), from €217,885 to €157,827
mainly Receivables within one year (-€109,116) and Other debts (-€15,049)
- Other debts -€15,049
down €15,049 (-3.4%), from €444,123 to €429,074
- Trade debts -€10,899
down €10,899 (-57.3%), from €19,036 to €8,137
- Tax, wage and social debts -€10,024
down €10,024 (-32.3%), from €31,057 to €21,033
- Gross operating margin -€137,149
down €137,149, from €133,885 to -€3,264
- Financial income +€13,451
up €13,451 (+5,848,413%), from €0 to €13,452
of which Non-recurring financial income: +€13,452
- Depreciation -€6,741
down €6,741 (-100%), from €6,741 to €0
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 | €529,556 | €496,732 | -€32,823 | -6.2% |
| Fixed assets | 21/28 | €76 | €76 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €529,480 | €496,656 | -€32,823 | -6.2% |
| Stocks and contracts in progress | 3 | €110,108 | €28,881 | -€81,227 | -73.8% |
| Stocks | 30/36 | €110,108 | €28,881 | -€81,227 | -73.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €200,833 | €309,949 | +€109,116 | +54.3% |
| Trade receivables | 40 | €10,716 | €1,487 | -€9,229 | -86.1% |
| Other amounts receivable | 41 | €190,117 | €308,461 | +€118,344 | +62.2% |
| Cash at bank and in hand | 54/58 | €217,885 | €157,827 | -€60,059 | -27.6% |
| Deferred charges and accrued income | 490/1 | €653 | €0 | -€653 | -100% |
| Total equity and liabilities | 10/49 | €529,556 | €496,732 | -€32,823 | -6.2% |
| Equity | 10/15 | €32,257 | €35,283 | +€3,026 | +9.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,393 | -€32,367 | +€3,026 | +8.6% |
| Amounts payable | 17/49 | €497,299 | €461,449 | -€35,850 | -7.2% |
| Amounts payable within one year | 42/48 | €494,216 | €458,243 | -€35,973 | -7.3% |
| Trade debts | 44 | €19,036 | €8,137 | -€10,899 | -57.3% |
| Suppliers | 440/4 | €19,036 | €8,137 | -€10,899 | -57.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €31,057 | €21,033 | -€10,024 | -32.3% |
| Taxes | 450/3 | €31,057 | €21,033 | -€10,024 | -32.3% |
| Other amounts payable | 47/48 | €444,123 | €429,074 | -€15,049 | -3.4% |
| Accrued charges and deferred income | 492/3 | €3,083 | €3,206 | +€123 | +4.0% |
| Non-recurring operating income | 76A | €0 | €10,927 | +€10,927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,741 | €0 | -€6,741 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,179 | €1,648 | -€530 | -24.3% |
| Gross operating margin | 9900 | €133,885 | -€3,264 | -€137,149 | |
| Operating profit (loss) | 9901 | €124,965 | -€4,912 | -€129,878 | |
| Financial income | 75/76B | €0 | €13,452 | +€13,451 | +5,848,413% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Non-recurring financial income | 76B | - | €13,452 | +€13,452 | |
| Financial charges | 65/66B | €5,017 | €5,395 | +€378 | +7.5% |
| Recurring financial charges | 65 | €5,017 | €4,365 | -€652 | -13.0% |
| Non-recurring financial charges | 66B | - | €1,030 | +€1,030 | |
| Profit (loss) for the period before taxes | 9903 | €119,949 | €3,144 | -€116,804 | -97.4% |
| Income taxes | 67/77 | €231 | €118 | -€112 | -48.8% |
| Profit (loss) for the period | 9904 | €119,718 | €3,026 | -€116,692 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,718 | €3,026 | -€116,692 | -97.5% |
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 25 October 2026 via checked.be.