MORGABRICK: 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.
MORGABRICK
Largest movements
- Cash +€31,818
up €31,818 (+369976.7%), from €9 to €31,827
mainly Stocks and contracts (+€26,043) and Tax, wage and social debts (+€5,058)
- Stocks and contracts -€26,043
no longer reported in 2025 (was €26,043)
- Tax, wage and social debts +€5,058
up €5,058 (+34688.5%), from €15 to €5,072
- Short-term financial debts +€1,280
up €1,280 (+5.0%), from €25,684 to €26,964
- Profit (loss) carried forward -€1,168
down €1,168 (-21.1%), from €5,524 to €4,355
- Trade debts +€560
up €560 (+72.4%), from €774 to €1,335
- Gross operating margin +€36,441
up €36,441, from -€4,970 to €31,471
- Write-downs +€26,043
new in 2025: €26,043
- Taxes +€1,670
new in 2025: €1,670
- Financial income -€1,052
no longer reported in 2025 (was €1,052)
- Other operating charges +€818
up €818 (+142.6%), from €573 to €1,391
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 | €47,766 | €53,496 | +€5,730 | +12.0% |
| Fixed assets | 21/28 | €377 | - | -€377 | |
| Tangible fixed assets | 22/27 | €377 | - | -€377 | |
| Plant, machinery and equipment | 23 | €377 | - | -€377 | |
| Current assets | 29/58 | €47,389 | €53,496 | +€6,107 | +12.9% |
| Amounts receivable after more than one year | 29 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,000 | €3,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €26,043 | - | -€26,043 | |
| Stocks | 30/36 | €26,043 | - | -€26,043 | |
| Amounts receivable within one year | 40/41 | €18,338 | €18,669 | +€332 | +1.8% |
| Other amounts receivable | 41 | €18,338 | €18,669 | +€332 | +1.8% |
| Cash at bank and in hand | 54/58 | €9 | €31,827 | +€31,818 | +369976.7% |
| Total equity and liabilities | 10/49 | €47,766 | €53,496 | +€5,730 | +12.0% |
| Equity | 10/15 | €17,924 | €16,755 | -€1,168 | -6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,524 | €4,355 | -€1,168 | -21.1% |
| Amounts payable | 17/49 | €29,843 | €36,740 | +€6,898 | +23.1% |
| Amounts payable within one year | 42/48 | €29,843 | €36,740 | +€6,898 | +23.1% |
| Financial debts | 43 | €25,684 | €26,964 | +€1,280 | +5.0% |
| Credit institutions | 430/8 | €25,684 | €26,964 | +€1,280 | +5.0% |
| Trade debts | 44 | €774 | €1,335 | +€560 | +72.4% |
| Suppliers | 440/4 | €774 | €1,335 | +€560 | +72.4% |
| Taxes, remuneration and social security | 45 | €15 | €5,072 | +€5,058 | +34688.5% |
| Taxes | 450/3 | €15 | €5,072 | +€5,058 | +34688.5% |
| Other amounts payable | 47/48 | €3,370 | €3,370 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €377 | -€118 | -23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,043 | +€26,043 | |
| Other operating charges | 640/8 | €573 | €1,391 | +€818 | +142.6% |
| Gross operating margin | 9900 | -€4,970 | €31,471 | +€36,441 | |
| Operating profit (loss) | 9901 | -€6,039 | €3,660 | +€9,699 | |
| Financial income | 75/76B | €1,052 | - | -€1,052 | |
| Recurring financial income | 75 | €1,052 | - | -€1,052 | |
| Financial charges | 65/66B | €3,117 | €3,159 | +€42 | +1.3% |
| Recurring financial charges | 65 | €3,117 | €3,159 | +€42 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,103 | €502 | +€8,605 | |
| Income taxes | 67/77 | - | €1,670 | +€1,670 | |
| Profit (loss) for the period | 9904 | -€8,103 | -€1,168 | +€6,935 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,103 | -€1,168 | +€6,935 | +85.6% |
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 6 October 2026 via checked.be.