Morgane B Group: 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.
Morgane B Group
Largest movements
- Cash +€7,847
up €7,847 (+45.7%), from €17,183 to €25,030
mainly Net result for the year (+€13,822) and Trade debts (+€6,446)
- Receivables within one year +€1,930
up €1,930 (+6.0%), from €32,270 to €34,200
of which Trade receivables: +€3,996
- Deferred charges and accrued income -€1,545
no longer reported in 2025 (was €1,545)
- Tangible fixed assets -€863
down €863 (-31.0%), from €2,783 to €1,920
- Profit (loss) carried forward +€13,822
up €13,822 (+58.5%), from €23,646 to €37,468
- Trade debts +€6,446
up €6,446 (+77.9%), from €8,272 to €14,718
- Current portion of long-term debt -€6,290
down €6,290 (-71.3%), from €8,827 to €2,538
- Tax, wage and social debts -€4,219
down €4,219 (-53.6%), from €7,869 to €3,650
of which Remuneration and social security: -€2,500
- Other debts -€2,726
down €2,726 (-54.9%), from €4,967 to €2,241
- Gross operating margin -€12,907
down €12,907 (-36.2%), from €35,641 to €22,734
- Taxes -€2,983
down €2,983 (-37.9%), from €7,868 to €4,885
- Other operating charges +€1,163
up €1,163 (+106.5%), from €1,092 to €2,255
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 | €53,836 | €61,204 | +€7,369 | +13.7% |
| Fixed assets | 21/28 | €2,837 | €1,974 | -€863 | -30.4% |
| Tangible fixed assets | 22/27 | €2,783 | €1,920 | -€863 | -31.0% |
| Furniture and vehicles | 24 | €2,783 | €1,920 | -€863 | -31.0% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €50,998 | €59,230 | +€8,232 | +16.1% |
| Amounts receivable within one year | 40/41 | €32,270 | €34,200 | +€1,930 | +6.0% |
| Trade receivables | 40 | €25,052 | €29,048 | +€3,996 | +16.0% |
| Other amounts receivable | 41 | €7,219 | €5,152 | -€2,066 | -28.6% |
| Cash at bank and in hand | 54/58 | €17,183 | €25,030 | +€7,847 | +45.7% |
| Deferred charges and accrued income | 490/1 | €1,545 | - | -€1,545 | |
| Total equity and liabilities | 10/49 | €53,836 | €61,204 | +€7,369 | +13.7% |
| Equity | 10/15 | €23,746 | €37,568 | +€13,822 | +58.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,646 | €37,468 | +€13,822 | +58.5% |
| Amounts payable | 17/49 | €30,090 | €23,637 | -€6,453 | -21.4% |
| Amounts payable within one year | 42/48 | €30,090 | €23,301 | -€6,789 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €8,827 | €2,538 | -€6,290 | -71.3% |
| Trade debts | 44 | €8,272 | €14,718 | +€6,446 | +77.9% |
| Suppliers | 440/4 | €8,272 | €14,718 | +€6,446 | +77.9% |
| Advances received on contracts in progress | 46 | €154 | €154 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,869 | €3,650 | -€4,219 | -53.6% |
| Taxes | 450/3 | €5,369 | €3,650 | -€1,719 | -32.0% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €4,967 | €2,241 | -€2,726 | -54.9% |
| Accrued charges and deferred income | 492/3 | - | €336 | +€336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,118 | €863 | -€254 | -22.7% |
| Other operating charges | 640/8 | €1,092 | €2,255 | +€1,163 | +106.5% |
| Non-recurring operating charges | 66A | €798 | - | -€798 | |
| Gross operating margin | 9900 | €35,641 | €22,734 | -€12,907 | -36.2% |
| Operating profit (loss) | 9901 | €32,634 | €19,616 | -€13,018 | -39.9% |
| Financial income | 75/76B | €140 | €125 | -€15 | -10.4% |
| Recurring financial income | 75 | €140 | €125 | -€15 | -10.4% |
| Financial charges | 65/66B | €1,259 | €1,034 | -€225 | -17.9% |
| Recurring financial charges | 65 | €1,259 | €1,034 | -€225 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €31,514 | €18,707 | -€12,807 | -40.6% |
| Income taxes | 67/77 | €7,868 | €4,885 | -€2,983 | -37.9% |
| Profit (loss) for the period | 9904 | €23,646 | €13,822 | -€9,824 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,646 | €13,822 | -€9,824 | -41.5% |
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 3 October 2026 via checked.be.