MORIS: 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.
MORIS
Largest movements
- Cash +€60,255
up €60,255 (+1192.3%), from €5,054 to €65,309
mainly Trade debts (+€75,477) and Current investments (+€60,000)
- Current investments -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Tangible fixed assets +€53,347
up €53,347 (+7.7%), from €696,520 to €749,867
of which Plant, machinery and equipment: +€75,722
- Trade debts +€75,477
up €75,477 (+4146.8%), from €1,820 to €77,297
- Debts after one year -€38,382
down €38,382 (-5.5%), from €694,637 to €656,255
- Profit (loss) carried forward +€29,727
up €29,727 (+64.2%), from -€46,316 to -€16,589
- Gross operating margin +€35,536
up €35,536 (+79.9%), from €44,483 to €80,019
- Depreciation +€7,412
up €7,412 (+31.3%), from €23,687 to €31,099
- Taxes -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Financial charges -€4,279
down €4,279 (-18.7%), from €22,899 to €18,619
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 | €775,014 | €835,419 | +€60,405 | +7.8% |
| Fixed assets | 21/28 | €706,520 | €759,867 | +€53,347 | +7.6% |
| Tangible fixed assets | 22/27 | €696,520 | €749,867 | +€53,347 | +7.7% |
| Land and buildings | 22 | €666,069 | €652,500 | -€13,569 | -2.0% |
| Plant, machinery and equipment | 23 | €8,926 | €84,648 | +€75,722 | +848.3% |
| Furniture and vehicles | 24 | €21,525 | €12,719 | -€8,806 | -40.9% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €68,494 | €75,552 | +€7,058 | +10.3% |
| Amounts receivable within one year | 40/41 | €3,441 | €9,194 | +€5,753 | +167.2% |
| Trade receivables | 40 | €3,306 | €9,037 | +€5,731 | +173.4% |
| Other amounts receivable | 41 | €135 | €158 | +€23 | +16.7% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,054 | €65,309 | +€60,255 | +1192.3% |
| Deferred charges and accrued income | 490/1 | - | €1,049 | +€1,049 | |
| Total equity and liabilities | 10/49 | €775,014 | €835,419 | +€60,405 | +7.8% |
| Equity | 10/15 | -€10,266 | €19,461 | +€29,727 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €21,050 | €21,050 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,316 | -€16,589 | +€29,727 | +64.2% |
| Amounts payable | 17/49 | €785,281 | €815,959 | +€30,678 | +3.9% |
| Amounts payable after more than one year | 17 | €694,637 | €656,255 | -€38,382 | -5.5% |
| Financial debts | 170/4 | €694,637 | €656,255 | -€38,382 | -5.5% |
| Amounts payable within one year | 42/48 | €90,643 | €159,703 | +€69,060 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €37,861 | €38,382 | +€521 | +1.4% |
| Financial debts | 43 | €3,947 | €0 | -€3,947 | -100.0% |
| Credit institutions | 430/8 | €3,947 | €0 | -€3,947 | -100.0% |
| Trade debts | 44 | €1,820 | €77,297 | +€75,477 | +4146.8% |
| Suppliers | 440/4 | €1,820 | €77,297 | +€75,477 | +4146.8% |
| Taxes, remuneration and social security | 45 | €7,004 | €4,669 | -€2,336 | -33.3% |
| Taxes | 450/3 | €7,004 | €4,669 | -€2,336 | -33.3% |
| Other amounts payable | 47/48 | €40,011 | €39,355 | -€655 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,687 | €31,099 | +€7,412 | +31.3% |
| Other operating charges | 640/8 | €479 | €758 | +€279 | +58.4% |
| Gross operating margin | 9900 | €44,483 | €80,019 | +€35,536 | +79.9% |
| Operating profit (loss) | 9901 | €20,317 | €48,162 | +€27,845 | +137.1% |
| Financial income | 75/76B | - | €184 | +€184 | |
| Recurring financial income | 75 | - | €184 | +€184 | |
| Financial charges | 65/66B | €22,899 | €18,619 | -€4,279 | -18.7% |
| Recurring financial charges | 65 | €22,899 | €18,619 | -€4,279 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,581 | €29,727 | +€32,308 | |
| Income taxes | 67/77 | €5,000 | €0 | -€5,000 | -100.0% |
| Profit (loss) for the period | 9904 | -€7,581 | €29,727 | +€37,308 | |
| Transfer to tax-exempt reserves | 689 | €21,050 | €0 | -€21,050 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,631 | €29,727 | +€58,358 |
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 9 October 2026 via checked.be.