MORJESSIMMO: 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.
MORJESSIMMO
Largest movements
- Tangible fixed assets -€104,331
down €104,331 (-9.9%), from €1.1m to €952,601
of which Furniture and vehicles: -€108,649
- Receivables within one year +€87,450
up €87,450 (+5,642%), from €1,550 to €89,000
of which Trade receivables: +€89,000
- Cash -€17,272
down €17,272 (-72.4%), from €23,871 to €6,599
mainly Receivables within one year (-€87,450) and Debts after one year (-€32,896)
- Debts after one year -€32,896
down €32,896 (-81.0%), from €40,596 to €7,700
of which Financial debts: -€32,896
- Accrued charges and deferred income -€22,252
no longer reported in 2025 (was €22,252)
- Other debts +€18,187
up €18,187 (+6.7%), from €271,824 to €290,011
- Other operating charges +€22,168
up €22,168 (+232%), from €9,542 to €31,710
- Depreciation -€16,340
down €16,340 (-27.1%), from €60,276 to €43,936
- Gross operating margin -€16,146
down €16,146 (-16.2%), from €99,655 to €83,509
- Taxes -€5,862
down €5,862 (-52.5%), from €11,160 to €5,298
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 | €1,093,157 | €1,063,246 | -€29,911 | -2.7% |
| Fixed assets | 21/28 | €1,059,571 | €955,240 | -€104,331 | -9.8% |
| Tangible fixed assets | 22/27 | €1,056,932 | €952,601 | -€104,331 | -9.9% |
| Land and buildings | 22 | €861,925 | €831,589 | -€30,336 | -3.5% |
| Furniture and vehicles | 24 | €126,005 | €17,356 | -€108,649 | -86.2% |
| Other tangible fixed assets | 26 | €69,002 | €103,656 | +€34,654 | +50.2% |
| Financial fixed assets | 28 | €2,639 | €2,639 | = | 0.0% |
| Current assets | 29/58 | €33,586 | €108,006 | +€74,420 | +222% |
| Amounts receivable within one year | 40/41 | €1,550 | €89,000 | +€87,450 | +5,642% |
| Trade receivables | 40 | - | €89,000 | +€89,000 | |
| Other amounts receivable | 41 | €1,550 | - | -€1,550 | |
| Current investments | 50/53 | €7,198 | €7,199 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €23,871 | €6,599 | -€17,272 | -72.4% |
| Deferred charges and accrued income | 490/1 | €967 | €5,208 | +€4,241 | +439% |
| Total equity and liabilities | 10/49 | €1,093,157 | €1,063,246 | -€29,911 | -2.7% |
| Equity | 10/15 | €631,303 | €635,197 | +€3,894 | +0.6% |
| Contributions | 10/11 | €216,907 | €216,907 | = | 0.0% |
| Capital | 10 | €216,907 | €216,907 | = | 0.0% |
| Issued capital | 100 | €216,907 | €216,907 | = | 0.0% |
| Reserves | 13 | €365,046 | €368,913 | +€3,867 | +1.1% |
| Non-distributable reserves | 130/1 | €5,850 | €5,850 | = | 0.0% |
| Legal reserve | 130 | €5,850 | €5,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,196 | €242,313 | -€9,883 | -3.9% |
| Distributable reserves | 133 | €107,000 | €120,750 | +€13,750 | +12.9% |
| Profit (loss) carried forward | 14 | €49,350 | €49,377 | +€27 | +0.1% |
| Provisions and deferred taxes | 16 | €84,065 | €80,771 | -€3,294 | -3.9% |
| Deferred taxes | 168 | €84,065 | €80,771 | -€3,294 | -3.9% |
| Amounts payable | 17/49 | €377,789 | €347,278 | -€30,511 | -8.1% |
| Amounts payable after more than one year | 17 | €40,596 | €7,700 | -€32,896 | -81.0% |
| Financial debts | 170/4 | €32,896 | - | -€32,896 | |
| Other amounts payable | 178/9 | €7,700 | €7,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €314,941 | €339,578 | +€24,637 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €31,773 | €32,896 | +€1,123 | +3.5% |
| Trade debts | 44 | €232 | €262 | +€30 | +12.9% |
| Suppliers | 440/4 | €232 | €262 | +€30 | +12.9% |
| Taxes, remuneration and social security | 45 | €11,112 | €16,409 | +€5,297 | +47.7% |
| Taxes | 450/3 | €11,112 | €16,409 | +€5,297 | +47.7% |
| Other amounts payable | 47/48 | €271,824 | €290,011 | +€18,187 | +6.7% |
| Accrued charges and deferred income | 492/3 | €22,252 | - | -€22,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,276 | €43,936 | -€16,340 | -27.1% |
| Other operating charges | 640/8 | €9,542 | €31,710 | +€22,168 | +232% |
| Gross operating margin | 9900 | €99,655 | €83,509 | -€16,146 | -16.2% |
| Operating profit (loss) | 9901 | €29,837 | €7,863 | -€21,974 | -73.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,946 | €1,967 | -€979 | -33.2% |
| Recurring financial charges | 65 | €2,946 | €1,967 | -€979 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €26,891 | €5,897 | -€20,994 | -78.1% |
| Transfer from deferred taxes | 780 | €3,295 | €3,295 | = | 0.0% |
| Income taxes | 67/77 | €11,160 | €5,298 | -€5,862 | -52.5% |
| Profit (loss) for the period | 9904 | €19,026 | €3,894 | -€15,132 | -79.5% |
| Transfer from tax-exempt reserves | 789 | €9,883 | €9,883 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,909 | €13,777 | -€15,132 | -52.3% |
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 17 October 2026 via checked.be.