Morgenfrisk: 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.
Morgenfrisk
Largest movements
- Tangible fixed assets -€10,973
down €10,973 (-11.6%), from €94,821 to €83,849
of which Other tangible fixed assets: -€8,162
- Receivables within one year -€4,537
down €4,537 (-22.5%), from €20,201 to €15,664
of which Trade receivables: -€4,546
- Profit (loss) carried forward -€11,467
down €11,467 (-55.8%), from -€20,556 to -€32,022
- Trade debts -€4,364
down €4,364 (-59.1%), from €7,389 to €3,026
- Gross operating margin +€8,796
up €8,796, from -€933 to €7,863
- Financial charges -€957
down €957 (-17.3%), from €5,529 to €4,572
- Depreciation +€458
up €458 (+3.5%), from €13,079 to €13,538
- Other operating charges +€211
up €211 (+42.1%), from €503 to €714
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 | €124,038 | €107,699 | -€16,339 | -13.2% |
| Fixed assets | 21/28 | €94,821 | €83,849 | -€10,973 | -11.6% |
| Tangible fixed assets | 22/27 | €94,821 | €83,849 | -€10,973 | -11.6% |
| Plant, machinery and equipment | 23 | €3,163 | €2,815 | -€348 | -11.0% |
| Furniture and vehicles | 24 | €10,110 | €7,647 | -€2,463 | -24.4% |
| Other tangible fixed assets | 26 | €81,549 | €73,387 | -€8,162 | -10.0% |
| Current assets | 29/58 | €29,217 | €23,851 | -€5,366 | -18.4% |
| Amounts receivable within one year | 40/41 | €20,201 | €15,664 | -€4,537 | -22.5% |
| Trade receivables | 40 | €20,125 | €15,579 | -€4,546 | -22.6% |
| Other amounts receivable | 41 | €76 | €85 | +€9 | +12.1% |
| Cash at bank and in hand | 54/58 | €6,118 | €5,914 | -€204 | -3.3% |
| Deferred charges and accrued income | 490/1 | €2,898 | €2,273 | -€626 | -21.6% |
| Total equity and liabilities | 10/49 | €124,038 | €107,699 | -€16,339 | -13.2% |
| Equity | 10/15 | €52,142 | €40,675 | -€11,467 | -22.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €72,597 | €72,597 | = | 0.0% |
| Distributable reserves | 133 | €72,597 | €72,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,556 | -€32,022 | -€11,467 | -55.8% |
| Amounts payable | 17/49 | €71,897 | €67,025 | -€4,872 | -6.8% |
| Amounts payable within one year | 42/48 | €71,450 | €66,563 | -€4,887 | -6.8% |
| Trade debts | 44 | €7,389 | €3,026 | -€4,364 | -59.1% |
| Suppliers | 440/4 | €7,389 | €3,026 | -€4,364 | -59.1% |
| Taxes, remuneration and social security | 45 | €6,661 | €6,975 | +€315 | +4.7% |
| Taxes | 450/3 | €4,061 | €4,375 | +€315 | +7.8% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €57,400 | €56,562 | -€839 | -1.5% |
| Accrued charges and deferred income | 492/3 | €446 | €462 | +€15 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,079 | €13,538 | +€458 | +3.5% |
| Other operating charges | 640/8 | €503 | €714 | +€211 | +42.1% |
| Gross operating margin | 9900 | -€933 | €7,863 | +€8,796 | |
| Operating profit (loss) | 9901 | -€14,515 | -€6,388 | +€8,127 | +56.0% |
| Financial income | 75/76B | €12 | €8 | -€4 | -34.8% |
| Recurring financial income | 75 | €12 | €8 | -€4 | -34.8% |
| Financial charges | 65/66B | €5,529 | €4,572 | -€957 | -17.3% |
| Recurring financial charges | 65 | €5,529 | €4,572 | -€957 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,032 | -€10,952 | +€9,080 | +45.3% |
| Income taxes | 67/77 | €524 | €515 | -€9 | -1.8% |
| Profit (loss) for the period | 9904 | -€20,556 | -€11,467 | +€9,089 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,556 | -€11,467 | +€9,089 | +44.2% |
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 10 October 2026 via checked.be.