MORIAU LOGISTICS: 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.
MORIAU LOGISTICS
Largest movements
- Cash -€199,997
down €199,997 (-94.9%), from €210,661 to €10,664
mainly Net result for the year (-€106,117) and Receivables within one year (-€84,825)
- Receivables within one year +€84,825
up €84,825 (+58.3%), from €145,582 to €230,407
of which Trade receivables: +€105,572
- Tangible fixed assets +€42,482
up €42,482 (+31.6%), from €134,388 to €176,870
of which Plant, machinery and equipment: +€45,979
- Profit (loss) carried forward -€106,117
down €106,117 (-99.4%), from €106,804 to €686
- Tax, wage and social debts +€29,733
up €29,733 (+64.6%), from €46,013 to €75,747
of which Remuneration and social security: +€25,217
- Staff costs +€185,538
up €185,538 (+71.7%), from €258,860 to €444,399
- Gross operating margin +€39,362
up €39,362 (+12.1%), from €325,201 to €364,563
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 | €490,631 | €417,941 | -€72,690 | -14.8% |
| Fixed assets | 21/28 | €134,388 | €176,870 | +€42,482 | +31.6% |
| Tangible fixed assets | 22/27 | €134,388 | €176,870 | +€42,482 | +31.6% |
| Land and buildings | 22 | €6,434 | €5,745 | -€689 | -10.7% |
| Plant, machinery and equipment | 23 | €119,468 | €165,447 | +€45,979 | +38.5% |
| Furniture and vehicles | 24 | €8,486 | €5,678 | -€2,808 | -33.1% |
| Current assets | 29/58 | €356,243 | €241,071 | -€115,172 | -32.3% |
| Amounts receivable within one year | 40/41 | €145,582 | €230,407 | +€84,825 | +58.3% |
| Trade receivables | 40 | €113,216 | €218,788 | +€105,572 | +93.2% |
| Other amounts receivable | 41 | €32,366 | €11,619 | -€20,747 | -64.1% |
| Cash at bank and in hand | 54/58 | €210,661 | €10,664 | -€199,997 | -94.9% |
| Total equity and liabilities | 10/49 | €490,631 | €417,941 | -€72,690 | -14.8% |
| Equity | 10/15 | €144,304 | €38,186 | -€106,117 | -73.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,804 | €686 | -€106,117 | -99.4% |
| Amounts payable | 17/49 | €346,327 | €379,755 | +€33,428 | +9.7% |
| Amounts payable within one year | 42/48 | €346,327 | €379,755 | +€33,428 | +9.7% |
| Trade debts | 44 | €96,848 | €97,542 | +€694 | +0.7% |
| Suppliers | 440/4 | €96,848 | €97,542 | +€694 | +0.7% |
| Taxes, remuneration and social security | 45 | €46,013 | €75,747 | +€29,733 | +64.6% |
| Taxes | 450/3 | €17,720 | €22,237 | +€4,516 | +25.5% |
| Remuneration and social security | 454/9 | €28,293 | €53,510 | +€25,217 | +89.1% |
| Other amounts payable | 47/48 | €203,466 | €206,466 | +€3,000 | +1.5% |
| Remuneration, social security and pensions | 62 | €258,860 | €444,399 | +€185,538 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,747 | €25,518 | +€771 | +3.1% |
| Other operating charges | 640/8 | €1,042 | €1,085 | +€43 | +4.1% |
| Gross operating margin | 9900 | €325,201 | €364,563 | +€39,362 | +12.1% |
| Operating profit (loss) | 9901 | €40,551 | -€106,439 | -€146,990 | |
| Financial income | 75/76B | €908 | €617 | -€291 | -32.1% |
| Recurring financial income | 75 | €908 | €617 | -€291 | -32.1% |
| Financial charges | 65/66B | €279 | €296 | +€16 | +5.8% |
| Recurring financial charges | 65 | €279 | €296 | +€16 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €41,180 | -€106,117 | -€147,298 | |
| Income taxes | 67/77 | €3,122 | - | -€3,122 | |
| Profit (loss) for the period | 9904 | €38,058 | -€106,117 | -€144,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,058 | -€106,117 | -€144,176 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.