MORLIE: 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.
MORLIE
Largest movements
- Receivables within one year +€65,591
up €65,591 (+9.5%), from €692,273 to €757,864
of which Other amounts receivable: +€66,191
- Reserves +€57,709
up €57,709 (+3102.6%), from €1,860 to €59,569
- Taxes +€8,995
up €8,995 (+40.9%), from €22,000 to €30,995
- Gross operating margin +€2,976
up €2,976 (+4.5%), from €65,726 to €68,702
- Financial income +€2,592
up €2,592 (+11.7%), from €22,111 to €24,703
- Depreciation -€2,040
down €2,040 (-40.4%), from €5,049 to €3,009
- Other operating charges -€1,854
down €1,854 (-61.0%), from €3,039 to €1,185
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 | €701,807 | €762,219 | +€60,412 | +8.6% |
| Fixed assets | 21/28 | €6,812 | €3,802 | -€3,010 | -44.2% |
| Tangible fixed assets | 22/27 | €5,265 | €2,255 | -€3,010 | -57.2% |
| Furniture and vehicles | 24 | €2,580 | - | -€2,580 | |
| Other tangible fixed assets | 26 | €2,685 | €2,255 | -€430 | -16.0% |
| Financial fixed assets | 28 | €1,547 | €1,547 | = | 0.0% |
| Current assets | 29/58 | €694,995 | €758,417 | +€63,422 | +9.1% |
| Amounts receivable within one year | 40/41 | €692,273 | €757,864 | +€65,591 | +9.5% |
| Trade receivables | 40 | €21,538 | €20,938 | -€600 | -2.8% |
| Other amounts receivable | 41 | €670,735 | €736,926 | +€66,191 | +9.9% |
| Cash at bank and in hand | 54/58 | €1,481 | €553 | -€928 | -62.7% |
| Deferred charges and accrued income | 490/1 | €1,241 | - | -€1,241 | |
| Total equity and liabilities | 10/49 | €701,807 | €762,219 | +€60,412 | +8.6% |
| Equity | 10/15 | €659,367 | €717,076 | +€57,709 | +8.8% |
| Contributions | 10/11 | €18,092 | €18,092 | = | 0.0% |
| Reserves | 13 | €1,860 | €59,569 | +€57,709 | +3102.6% |
| Distributable reserves | 133 | €1,860 | €59,569 | +€57,709 | +3102.6% |
| Profit (loss) carried forward | 14 | €639,415 | €639,415 | = | 0.0% |
| Amounts payable | 17/49 | €42,440 | €45,143 | +€2,703 | +6.4% |
| Amounts payable within one year | 42/48 | €42,440 | €45,143 | +€2,703 | +6.4% |
| Financial debts | 43 | €5,300 | €6,171 | +€871 | +16.4% |
| Credit institutions | 430/8 | €5,300 | €6,171 | +€871 | +16.4% |
| Trade debts | 44 | €1,158 | €1,067 | -€91 | -7.9% |
| Suppliers | 440/4 | €1,158 | €1,067 | -€91 | -7.9% |
| Taxes, remuneration and social security | 45 | €30,657 | €32,580 | +€1,923 | +6.3% |
| Taxes | 450/3 | €30,657 | €32,580 | +€1,923 | +6.3% |
| Other amounts payable | 47/48 | €5,325 | €5,325 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,049 | €3,009 | -€2,040 | -40.4% |
| Other operating charges | 640/8 | €3,039 | €1,185 | -€1,854 | -61.0% |
| Gross operating margin | 9900 | €65,726 | €68,702 | +€2,976 | +4.5% |
| Operating profit (loss) | 9901 | €57,638 | €64,508 | +€6,870 | +11.9% |
| Financial income | 75/76B | €22,111 | €24,703 | +€2,592 | +11.7% |
| Recurring financial income | 75 | €22,111 | €24,703 | +€2,592 | +11.7% |
| Financial charges | 65/66B | €703 | €507 | -€196 | -27.9% |
| Recurring financial charges | 65 | €703 | €507 | -€196 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €79,046 | €88,704 | +€9,658 | +12.2% |
| Income taxes | 67/77 | €22,000 | €30,995 | +€8,995 | +40.9% |
| Profit (loss) for the period | 9904 | €57,046 | €57,709 | +€663 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,046 | €57,709 | +€663 | +1.2% |
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 12 October 2026 via checked.be.