MORGALINE: 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.
What changed
MORGALINE
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€21,723
2023 · €13,740+€7,983
Equity
€2.7m
2023 · €2.7m+€21,723
Cash
€59,772
2023 · €20,902+€38,869
Balance sheet total
€4.0m
2023 · €4.2m-€152,118
Largest movements
Assets
- Tangible fixed assets -€95,272
down €95,272 (-2.4%), from €3.9m to €3.8m
of which Land and buildings: -€74,976
- Current investments -€58,584
down €58,584 (-29.3%), from €200,000 to €141,416
Equity and liabilities
- Debts after one year -€181,423
down €181,423 (-14.3%), from €1.3m to €1.1m
of which Financial debts: -€180,553
Income statement
- Gross operating margin +€25,461
up €25,461 (+9.7%), from €262,089 to €287,551
- Staff costs +€12,839
up €12,839 (+44.3%), from €28,999 to €41,838
- Taxes +€9,139
up €9,139 (+244.5%), from €3,737 to €12,876
- Depreciation -€2,913
down €2,913 (-1.8%), from €157,811 to €154,898
From the 2023 result to the 2024 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 2023
€13,740
Gross operating margin
+€25,461
Staff costs
-€12,839
Depreciation
+€2,913
Other operating charges
-€125
Financial income
+€1,091
Financial charges
+€621
Taxes
-€9,139
Result 2024
€21,723
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€242,677
Investment
-€1,042
Financing
-€202,765
Cash 2023
€20,902
From operations (derived)
+€242,677
Net result for the year
+€21,723
Depreciation
+€154,898
Receivables within one year
+€37,786
Deferred charges and accrued income
-€655
Provisions
-€903
Trade debts
+€3,516
Tax, wage and social debts
+€12,136
Other debts
+€11,682
Accrued charges and deferred income
+€2,494
Investment (derived)
-€1,042
Investment in fixed assets (net)
-€59,626
Current investments
+€58,584
Financing
-€202,765
Debts after one year
-€181,423
Current portion of long-term debt
-€21,342
Cash 2024
€59,772
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,163,541 | €4,011,423 | -€152,118 | -3.7% |
| Fixed assets | 21/28 | €3,899,335 | €3,804,063 | -€95,272 | -2.4% |
| Tangible fixed assets | 22/27 | €3,899,335 | €3,804,063 | -€95,272 | -2.4% |
| Land and buildings | 22 | €3,848,415 | €3,773,439 | -€74,976 | -1.9% |
| Furniture and vehicles | 24 | €50,920 | €30,624 | -€20,296 | -39.9% |
| Current assets | 29/58 | €264,206 | €207,360 | -€56,846 | -21.5% |
| Amounts receivable within one year | 40/41 | €37,786 | - | -€37,786 | |
| Trade receivables | 40 | €37,259 | - | -€37,259 | |
| Other amounts receivable | 41 | €527 | - | -€527 | |
| Current investments | 50/53 | €200,000 | €141,416 | -€58,584 | -29.3% |
| Cash at bank and in hand | 54/58 | €20,902 | €59,772 | +€38,869 | +186.0% |
| Deferred charges and accrued income | 490/1 | €5,517 | €6,172 | +€655 | +11.9% |
| Total equity and liabilities | 10/49 | €4,163,541 | €4,011,423 | -€152,118 | -3.7% |
| Equity | 10/15 | €2,655,290 | €2,677,013 | +€21,723 | +0.8% |
| Contributions | 10/11 | €148,550 | €148,550 | = | 0.0% |
| Reserves | 13 | €2,506,740 | €2,528,463 | +€21,723 | +0.9% |
| Tax-exempt reserves | 132 | €80,971 | €78,260 | -€2,710 | -3.3% |
| Distributable reserves | 133 | €2,425,770 | €2,450,203 | +€24,433 | +1.0% |
| Provisions and deferred taxes | 16 | €26,990 | €26,087 | -€903 | -3.3% |
| Deferred taxes | 168 | €26,990 | €26,087 | -€903 | -3.3% |
| Amounts payable | 17/49 | €1,481,260 | €1,308,323 | -€172,937 | -11.7% |
| Amounts payable after more than one year | 17 | €1,273,143 | €1,091,720 | -€181,423 | -14.3% |
| Financial debts | 170/4 | €846,093 | €665,540 | -€180,553 | -21.3% |
| Other amounts payable | 178/9 | €427,050 | €426,180 | -€870 | -0.2% |
| Amounts payable within one year | 42/48 | €205,407 | €211,399 | +€5,992 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €147,312 | €125,969 | -€21,342 | -14.5% |
| Trade debts | 44 | €2,242 | €5,758 | +€3,516 | +156.8% |
| Suppliers | 440/4 | €2,242 | €5,758 | +€3,516 | +156.8% |
| Taxes, remuneration and social security | 45 | €23,641 | €35,776 | +€12,136 | +51.3% |
| Taxes | 450/3 | €19,884 | €32,259 | +€12,375 | +62.2% |
| Remuneration and social security | 454/9 | €3,756 | €3,517 | -€239 | -6.4% |
| Other amounts payable | 47/48 | €32,213 | €43,896 | +€11,682 | +36.3% |
| Accrued charges and deferred income | 492/3 | €2,710 | €5,204 | +€2,494 | +92.0% |
| Remuneration, social security and pensions | 62 | €28,999 | €41,838 | +€12,839 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,811 | €154,898 | -€2,913 | -1.8% |
| Other operating charges | 640/8 | €19,306 | €19,431 | +€125 | +0.6% |
| Gross operating margin | 9900 | €262,089 | €287,551 | +€25,461 | +9.7% |
| Operating profit (loss) | 9901 | €55,974 | €71,384 | +€15,410 | +27.5% |
| Financial income | 75/76B | €2,316 | €3,407 | +€1,091 | +47.1% |
| Recurring financial income | 75 | €2,316 | €3,407 | +€1,091 | +47.1% |
| Financial charges | 65/66B | €41,717 | €41,095 | -€621 | -1.5% |
| Recurring financial charges | 65 | €41,717 | €41,095 | -€621 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €16,573 | €33,696 | +€17,122 | +103.3% |
| Transfer from deferred taxes | 780 | €903 | €903 | = | 0.0% |
| Income taxes | 67/77 | €3,737 | €12,876 | +€9,139 | +244.5% |
| Profit (loss) for the period | 9904 | €13,740 | €21,723 | +€7,983 | +58.1% |
| Transfer from tax-exempt reserves | 789 | €2,710 | €2,710 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,450 | €24,433 | +€7,983 | +48.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.