MORIS MARC: 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 MARC
Largest movements
- Tangible fixed assets +€279,583
up €279,583 (+6.2%), from €4.5m to €4.8m
of which Land and buildings: +€327,559
- Cash +€89,209
up €89,209 (+21.9%), from €406,914 to €496,123
mainly Net result for the year (+€681,773) and Depreciation (+€238,235)
- Receivables within one year +€85,854
up €85,854 (+28.6%), from €300,067 to €385,922
of which Trade receivables: +€107,406
- Reserves +€576,628
up €576,628 (+13.6%), from €4.3m to €4.8m
of which Distributable reserves: +€576,628
- Trade debts -€75,760
down €75,760 (-86.5%), from €87,613 to €11,854
- Current portion of long-term debt -€63,929
down €63,929 (-8.7%), from €733,756 to €669,827
- Gross operating margin +€524,759
up €524,759 (+56.6%), from €927,464 to €1.5m
- Taxes +€221,685
up €221,685 (+215%), from €103,267 to €324,952
- Depreciation -€49,304
down €49,304 (-17.1%), from €287,539 to €238,235
- Other operating charges -€29,784
down €29,784 (-28.6%), from €104,265 to €74,481
- Staff costs -€21,606
down €21,606 (-15.0%), from €144,450 to €122,844
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 | €5,253,901 | €5,716,119 | +€462,218 | +8.8% |
| Fixed assets | 21/28 | €4,533,804 | €4,813,387 | +€279,583 | +6.2% |
| Tangible fixed assets | 22/27 | €4,533,804 | €4,813,387 | +€279,583 | +6.2% |
| Land and buildings | 22 | €4,389,133 | €4,716,693 | +€327,559 | +7.5% |
| Plant, machinery and equipment | 23 | €56,187 | €43,654 | -€12,533 | -22.3% |
| Furniture and vehicles | 24 | €88,484 | €53,040 | -€35,444 | -40.1% |
| Current assets | 29/58 | €720,097 | €902,732 | +€182,635 | +25.4% |
| Amounts receivable within one year | 40/41 | €300,067 | €385,922 | +€85,854 | +28.6% |
| Trade receivables | 40 | €278,500 | €385,906 | +€107,406 | +38.6% |
| Other amounts receivable | 41 | €21,567 | €16 | -€21,552 | -99.9% |
| Cash at bank and in hand | 54/58 | €406,914 | €496,123 | +€89,209 | +21.9% |
| Deferred charges and accrued income | 490/1 | €13,115 | €20,687 | +€7,572 | +57.7% |
| Total equity and liabilities | 10/49 | €5,253,901 | €5,716,119 | +€462,218 | +8.8% |
| Equity | 10/15 | €4,260,286 | €4,836,914 | +€576,628 | +13.5% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €4,251,610 | €4,828,237 | +€576,628 | +13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,249,750 | €4,826,377 | +€576,628 | +13.6% |
| Amounts payable | 17/49 | €993,615 | €879,205 | -€114,410 | -11.5% |
| Amounts payable within one year | 42/48 | €949,631 | €875,373 | -€74,258 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €733,756 | €669,827 | -€63,929 | -8.7% |
| Financial debts | 43 | €260 | - | -€260 | |
| Credit institutions | 430/8 | €260 | - | -€260 | |
| Trade debts | 44 | €87,613 | €11,854 | -€75,760 | -86.5% |
| Suppliers | 440/4 | €87,613 | €11,854 | -€75,760 | -86.5% |
| Taxes, remuneration and social security | 45 | €89,793 | €130,975 | +€41,182 | +45.9% |
| Taxes | 450/3 | €84,311 | €126,728 | +€42,417 | +50.3% |
| Remuneration and social security | 454/9 | €5,482 | €4,247 | -€1,235 | -22.5% |
| Other amounts payable | 47/48 | €38,208 | €62,717 | +€24,508 | +64.1% |
| Accrued charges and deferred income | 492/3 | €43,984 | €3,832 | -€40,152 | -91.3% |
| Non-recurring operating income | 76A | €6,703 | €48,371 | +€41,668 | +622% |
| Remuneration, social security and pensions | 62 | €144,450 | €122,844 | -€21,606 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287,539 | €238,235 | -€49,304 | -17.1% |
| Other operating charges | 640/8 | €104,265 | €74,481 | -€29,784 | -28.6% |
| Gross operating margin | 9900 | €927,464 | €1,452,223 | +€524,759 | +56.6% |
| Operating profit (loss) | 9901 | €391,210 | €1,016,663 | +€625,454 | +160% |
| Financial income | 75/76B | €1,827 | €924 | -€903 | -49.4% |
| Recurring financial income | 75 | €1,647 | €744 | -€903 | -54.8% |
| Non-recurring financial income | 76B | €180 | €180 | = | 0.0% |
| Financial charges | 65/66B | €11,801 | €10,862 | -€939 | -8.0% |
| Recurring financial charges | 65 | €11,801 | €10,862 | -€939 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €381,236 | €1,006,725 | +€625,489 | +164% |
| Income taxes | 67/77 | €103,267 | €324,952 | +€221,685 | +215% |
| Profit (loss) for the period | 9904 | €277,969 | €681,773 | +€403,804 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €277,969 | €681,773 | +€403,804 | +145% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.