Morgane Merveille: 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.
Morgane Merveille
Largest movements
- Cash +€146,870
up €146,870 (+582%), from €25,248 to €172,117
mainly Net result for the year (+€90,073) and Deferred charges and accrued income (+€47,163)
- Deferred charges and accrued income -€47,163
down €47,163 (-96.2%), from €49,020 to €1,857
- Intangible fixed assets -€15,005
down €15,005 (-18.3%), from €82,185 to €67,180
- Receivables within one year +€4,173
up €4,173 (+53.1%), from €7,865 to €12,038
of which Other amounts receivable: +€11,238
- Tangible fixed assets -€3,492
down €3,492 (-39.3%), from €8,882 to €5,390
- Profit (loss) carried forward +€90,073
up €90,073 (+63.1%), from €142,641 to €232,714
- Other debts -€18,766
no longer reported in 2025 (was €18,766)
- Tax, wage and social debts +€14,181
up €14,181 (+158%), from €8,963 to €23,143
- Gross operating margin +€36,736
up €36,736 (+36.4%), from €101,020 to €137,756
- Taxes +€8,715
up €8,715 (+52.3%), from €16,674 to €25,389
- Financial charges -€1,869
down €1,869 (-59.7%), from €3,131 to €1,262
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 | €173,199 | €258,583 | +€85,383 | +49.3% |
| Fixed assets | 21/28 | €91,067 | €72,570 | -€18,497 | -20.3% |
| Intangible fixed assets | 21 | €82,185 | €67,180 | -€15,005 | -18.3% |
| Tangible fixed assets | 22/27 | €8,882 | €5,390 | -€3,492 | -39.3% |
| Furniture and vehicles | 24 | €8,882 | €5,390 | -€3,492 | -39.3% |
| Current assets | 29/58 | €82,133 | €186,012 | +€103,880 | +126% |
| Amounts receivable within one year | 40/41 | €7,865 | €12,038 | +€4,173 | +53.1% |
| Trade receivables | 40 | €7,865 | €799 | -€7,066 | -89.8% |
| Other amounts receivable | 41 | - | €11,238 | +€11,238 | |
| Cash at bank and in hand | 54/58 | €25,248 | €172,117 | +€146,870 | +582% |
| Deferred charges and accrued income | 490/1 | €49,020 | €1,857 | -€47,163 | -96.2% |
| Total equity and liabilities | 10/49 | €173,199 | €258,583 | +€85,383 | +49.3% |
| Equity | 10/15 | €144,641 | €234,714 | +€90,073 | +62.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,641 | €232,714 | +€90,073 | +63.1% |
| Amounts payable | 17/49 | €28,558 | €23,868 | -€4,690 | -16.4% |
| Amounts payable within one year | 42/48 | €28,558 | €23,868 | -€4,690 | -16.4% |
| Trade debts | 44 | €830 | €725 | -€105 | -12.7% |
| Suppliers | 440/4 | €830 | €725 | -€105 | -12.7% |
| Taxes, remuneration and social security | 45 | €8,963 | €23,143 | +€14,181 | +158% |
| Taxes | 450/3 | €8,963 | €23,143 | +€14,181 | +158% |
| Other amounts payable | 47/48 | €18,766 | - | -€18,766 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,653 | €20,739 | +€86 | +0.4% |
| Other operating charges | 640/8 | €1,071 | €530 | -€541 | -50.5% |
| Gross operating margin | 9900 | €101,020 | €137,756 | +€36,736 | +36.4% |
| Operating profit (loss) | 9901 | €79,296 | €116,487 | +€37,190 | +46.9% |
| Financial income | 75/76B | €0 | €238 | +€238 | +792,400% |
| Recurring financial income | 75 | €0 | €238 | +€238 | +792,400% |
| Financial charges | 65/66B | €3,131 | €1,262 | -€1,869 | -59.7% |
| Recurring financial charges | 65 | €3,131 | €1,262 | -€1,869 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €76,165 | €115,462 | +€39,297 | +51.6% |
| Income taxes | 67/77 | €16,674 | €25,389 | +€8,715 | +52.3% |
| Profit (loss) for the period | 9904 | €59,491 | €90,073 | +€30,583 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,491 | €90,073 | +€30,583 | +51.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.