MORLIFLEX: what changed
Two fiscal 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.
MORLIFLEX
Largest movements
- Receivables within one year +€32,146
up €32,146 (+125.7%), from €25,582 to €57,729
of which Trade receivables: +€25,357
- Tangible fixed assets +€31,983
up €31,983 (+171.4%), from €18,657 to €50,640
of which Furniture and vehicles: +€34,780
- Stocks and contracts -€9,972
down €9,972 (-24.5%), from €40,772 to €30,800
of which Contracts in progress: -€7,250
- Cash -€9,290
down €9,290 (-22.2%), from €41,930 to €32,640
mainly Investment in fixed assets (net) (-€39,223) and Receivables within one year (-€32,146)
- Reserves +€40,734
up €40,734 (+45.6%), from €89,300 to €130,034
- Other debts +€10,375
up €10,375 (+62.6%), from €16,567 to €26,943
- Trade debts -€3,323
down €3,323 (-27.7%), from €11,982 to €8,659
- Tax, wage and social debts -€2,175
down €2,175 (-35.3%), from €6,161 to €3,987
- Gross operating margin +€1,977
up €1,977 (+3.2%), from €61,026 to €63,003
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 | €127,410 | €172,622 | +€45,212 | +35.5% |
| Fixed assets | 21/28 | €18,657 | €50,640 | +€31,983 | +171.4% |
| Tangible fixed assets | 22/27 | €18,657 | €50,640 | +€31,983 | +171.4% |
| Plant, machinery and equipment | 23 | €8,757 | €5,960 | -€2,797 | -31.9% |
| Furniture and vehicles | 24 | €9,900 | €44,680 | +€34,780 | +351.3% |
| Current assets | 29/58 | €108,754 | €121,982 | +€13,229 | +12.2% |
| Stocks and contracts in progress | 3 | €40,772 | €30,800 | -€9,972 | -24.5% |
| Stocks | 30/36 | €33,522 | €30,800 | -€2,722 | -8.1% |
| Contracts in progress | 37 | €7,250 | - | -€7,250 | |
| Amounts receivable within one year | 40/41 | €25,582 | €57,729 | +€32,146 | +125.7% |
| Trade receivables | 40 | €24,800 | €50,157 | +€25,357 | +102.2% |
| Other amounts receivable | 41 | €782 | €7,571 | +€6,789 | +867.9% |
| Cash at bank and in hand | 54/58 | €41,930 | €32,640 | -€9,290 | -22.2% |
| Deferred charges and accrued income | 490/1 | €470 | €814 | +€344 | +73.1% |
| Total equity and liabilities | 10/49 | €127,410 | €172,622 | +€45,212 | +35.5% |
| Equity | 10/15 | €92,300 | €133,034 | +€40,734 | +44.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €89,300 | €130,034 | +€40,734 | +45.6% |
| Distributable reserves | 133 | €89,300 | €130,034 | +€40,734 | +45.6% |
| Amounts payable | 17/49 | €35,110 | €39,588 | +€4,478 | +12.8% |
| Amounts payable within one year | 42/48 | €34,711 | €39,588 | +€4,878 | +14.1% |
| Trade debts | 44 | €11,982 | €8,659 | -€3,323 | -27.7% |
| Suppliers | 440/4 | €11,982 | €8,659 | -€3,323 | -27.7% |
| Taxes, remuneration and social security | 45 | €6,161 | €3,987 | -€2,175 | -35.3% |
| Taxes | 450/3 | €6,161 | €3,987 | -€2,175 | -35.3% |
| Other amounts payable | 47/48 | €16,567 | €26,943 | +€10,375 | +62.6% |
| Accrued charges and deferred income | 492/3 | €399 | - | -€399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,828 | €7,240 | +€412 | +6.0% |
| Other operating charges | 640/8 | €559 | €726 | +€166 | +29.8% |
| Gross operating margin | 9900 | €61,026 | €63,003 | +€1,977 | +3.2% |
| Operating profit (loss) | 9901 | €53,638 | €55,037 | +€1,399 | +2.6% |
| Financial income | 75/76B | €62 | €145 | +€83 | +133.7% |
| Recurring financial income | 75 | €62 | €145 | +€83 | +133.7% |
| Financial charges | 65/66B | €81 | €71 | -€10 | -12.5% |
| Recurring financial charges | 65 | €81 | €71 | -€10 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €53,619 | €55,111 | +€1,492 | +2.8% |
| Income taxes | 67/77 | €13,842 | €14,377 | +€536 | +3.9% |
| Profit (loss) for the period | 9904 | €39,777 | €40,734 | +€956 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,777 | €40,734 | +€956 | +2.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.