MORI-IMMO: 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.
MORI-IMMO
Largest movements
- Financial fixed assets -€207,086
down €207,086 (-100.0%), from €207,136 to €50
- Tangible fixed assets -€31,152
down €31,152 (-5.0%), from €626,909 to €595,757
of which Land and buildings: -€32,635
- Other debts -€252,792
down €252,792 (-77.9%), from €324,339 to €71,547
- Debts after one year -€49,505
down €49,505 (-9.8%), from €503,368 to €453,862
- Current portion of long-term debt +€36,738
up €36,738 (+96.2%), from €38,189 to €74,927
- Profit (loss) carried forward +€12,327
up €12,327 (+21.1%), from -€58,529 to -€46,202
- Trade debts +€10,425
up €10,425 (+36060.0%), from €29 to €10,454
- Depreciation -€50,993
down €50,993 (-51.0%), from €100,078 to €49,085
- Turnover +€45,912
up €45,912 (+26.4%), from €173,982 to €219,895
- Purchases and services +€35,199
up €35,199 (+46.7%), from €75,385 to €110,585
- Taxes +€12,166
up €12,166 (+405.5%), from €3,000 to €15,166
- Gross operating margin +€5,346
up €5,346 (+5.1%), from €104,283 to €109,630
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 | €838,055 | €596,616 | -€241,439 | -28.8% |
| Fixed assets | 21/28 | €834,045 | €595,807 | -€238,238 | -28.6% |
| Tangible fixed assets | 22/27 | €626,909 | €595,757 | -€31,152 | -5.0% |
| Land and buildings | 22 | €394,668 | €362,033 | -€32,635 | -8.3% |
| Plant, machinery and equipment | 23 | €150,332 | €153,302 | +€2,970 | +2.0% |
| Furniture and vehicles | 24 | €81,909 | €80,422 | -€1,487 | -1.8% |
| Financial fixed assets | 28 | €207,136 | €50 | -€207,086 | -100.0% |
| Current assets | 29/58 | €4,010 | €809 | -€3,200 | -79.8% |
| Cash at bank and in hand | 54/58 | €4,010 | €809 | -€3,200 | -79.8% |
| Total equity and liabilities | 10/49 | €838,055 | €596,616 | -€241,439 | -28.8% |
| Equity | 10/15 | -€33,974 | -€20,278 | +€13,696 | +40.3% |
| Contributions | 10/11 | €18,590 | €18,590 | = | 0.0% |
| Capital | 10 | €18,590 | €18,590 | = | 0.0% |
| Issued capital | 100 | €18,590 | €18,590 | = | 0.0% |
| Reserves | 13 | €5,965 | €7,334 | +€1,370 | +23.0% |
| Non-distributable reserves | 130/1 | €5,965 | €7,334 | +€1,370 | +23.0% |
| Legal reserve | 130 | €5,965 | €7,334 | +€1,370 | +23.0% |
| Profit (loss) carried forward | 14 | -€58,529 | -€46,202 | +€12,327 | +21.1% |
| Amounts payable | 17/49 | €872,029 | €616,894 | -€255,135 | -29.3% |
| Amounts payable after more than one year | 17 | €503,368 | €453,862 | -€49,505 | -9.8% |
| Financial debts | 170/4 | €503,368 | €453,862 | -€49,505 | -9.8% |
| Amounts payable within one year | 42/48 | €368,661 | €163,031 | -€205,629 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €38,189 | €74,927 | +€36,738 | +96.2% |
| Trade debts | 44 | €29 | €10,454 | +€10,425 | +36060.0% |
| Suppliers | 440/4 | €29 | €10,454 | +€10,425 | +36060.0% |
| Taxes, remuneration and social security | 45 | €6,104 | €6,104 | = | 0.0% |
| Taxes | 450/3 | €14 | - | -€14 | |
| Remuneration and social security | 454/9 | €6,090 | €6,104 | +€14 | +0.2% |
| Other amounts payable | 47/48 | €324,339 | €71,547 | -€252,792 | -77.9% |
| Turnover | 70 | €173,982 | €219,895 | +€45,912 | +26.4% |
| Non-recurring operating income | 76A | - | €1,689 | +€1,689 | |
| Goods, raw materials, services and sundry goods | 60/61 | €75,385 | €110,585 | +€35,199 | +46.7% |
| Remuneration, social security and pensions | 62 | €16,161 | €11,002 | -€5,160 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,078 | €49,085 | -€50,993 | -51.0% |
| Other operating charges | 640/8 | €19,299 | €20,968 | +€1,668 | +8.6% |
| Gross operating margin | 9900 | €104,283 | €109,630 | +€5,346 | +5.1% |
| Operating profit (loss) | 9901 | -€31,256 | €28,575 | +€59,831 | |
| Financial charges | 65/66B | €555 | €1,083 | +€528 | +95.2% |
| Recurring financial charges | 65 | €555 | €578 | +€23 | +4.2% |
| Non-recurring financial charges | 66B | - | €505 | +€505 | |
| Profit (loss) for the period before taxes | 9903 | -€31,811 | €27,492 | +€59,303 | |
| Income taxes | 67/77 | €3,000 | €15,166 | +€12,166 | +405.5% |
| Profit (loss) for the period | 9904 | -€34,811 | €12,327 | +€47,137 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,811 | €12,327 | +€47,137 |
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 2 October 2026 via checked.be.