Morliplas: 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.
Morliplas
Largest movements
- Receivables within one year -€141,471
down €141,471 (-88.3%), from €160,250 to €18,780
of which Trade receivables: -€85,967
- Tangible fixed assets +€54,142
up €54,142 (+5.9%), from €921,661 to €975,803
- Stocks and contracts +€39,650
up €39,650 (+125.7%), from €31,550 to €71,200
- Advances received -€132,754
no longer reported in 2025 (was €132,754)
- Reserves +€69,782
up €69,782 (+22.2%), from €314,200 to €383,982
of which Distributable reserves: +€67,922
- Other debts +€40,758
up €40,758 (+622.0%), from €6,553 to €47,311
- Trade debts -€34,404
down €34,404 (-61.0%), from €56,418 to €22,014
- Debts after one year -€18,634
down €18,634 (-3.4%), from €545,546 to €526,912
of which Financial debts: -€18,634
- Gross operating margin -€13,983
down €13,983 (-8.7%), from €160,585 to €146,601
- Financial charges -€4,862
down €4,862 (-29.9%), from €16,263 to €11,401
- Other operating charges -€2,480
down €2,480 (-16.0%), from €15,541 to €13,061
- Financial income +€1,685
up €1,685 (+17.6%), from €9,578 to €11,263
- Depreciation +€1,675
up €1,675 (+4.4%), from €38,139 to €39,814
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 | €1,140,052 | €1,080,723 | -€59,329 | -5.2% |
| Fixed assets | 21/28 | €921,661 | €975,803 | +€54,142 | +5.9% |
| Tangible fixed assets | 22/27 | €921,661 | €975,803 | +€54,142 | +5.9% |
| Land and buildings | 22 | €910,902 | €922,835 | +€11,933 | +1.3% |
| Plant, machinery and equipment | 23 | €6,595 | €4,439 | -€2,156 | -32.7% |
| Furniture and vehicles | 24 | €4,165 | €29,866 | +€25,701 | +617.2% |
| Other tangible fixed assets | 26 | €0 | €18,663 | +€18,663 | |
| Current assets | 29/58 | €218,391 | €104,920 | -€113,471 | -52.0% |
| Stocks and contracts in progress | 3 | €31,550 | €71,200 | +€39,650 | +125.7% |
| Stocks | 30/36 | €31,550 | €71,200 | +€39,650 | +125.7% |
| Amounts receivable within one year | 40/41 | €160,250 | €18,780 | -€141,471 | -88.3% |
| Trade receivables | 40 | €103,906 | €17,939 | -€85,967 | -82.7% |
| Other amounts receivable | 41 | €56,344 | €841 | -€55,503 | -98.5% |
| Cash at bank and in hand | 54/58 | €17,181 | €6,149 | -€11,031 | -64.2% |
| Deferred charges and accrued income | 490/1 | €9,410 | €8,791 | -€619 | -6.6% |
| Total equity and liabilities | 10/49 | €1,140,052 | €1,080,723 | -€59,329 | -5.2% |
| Equity | 10/15 | €322,260 | €390,182 | +€67,922 | +21.1% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Reserves | 13 | €314,200 | €383,982 | +€69,782 | +22.2% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €314,200 | €382,122 | +€67,922 | +21.6% |
| Amounts payable | 17/49 | €817,792 | €690,541 | -€127,251 | -15.6% |
| Amounts payable after more than one year | 17 | €545,546 | €526,912 | -€18,634 | -3.4% |
| Financial debts | 170/4 | €545,546 | €526,912 | -€18,634 | -3.4% |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €270,044 | €161,608 | -€108,436 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €59,636 | €72,090 | +€12,453 | +20.9% |
| Trade debts | 44 | €56,418 | €22,014 | -€34,404 | -61.0% |
| Suppliers | 440/4 | €56,418 | €22,014 | -€34,404 | -61.0% |
| Advances received on contracts in progress | 46 | €132,754 | - | -€132,754 | |
| Taxes, remuneration and social security | 45 | €14,683 | €20,193 | +€5,510 | +37.5% |
| Taxes | 450/3 | €6,083 | €11,493 | +€5,410 | +88.9% |
| Remuneration and social security | 454/9 | €8,600 | €8,700 | +€100 | +1.2% |
| Other amounts payable | 47/48 | €6,553 | €47,311 | +€40,758 | +622.0% |
| Accrued charges and deferred income | 492/3 | €2,203 | €2,022 | -€181 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,139 | €39,814 | +€1,675 | +4.4% |
| Other operating charges | 640/8 | €15,541 | €13,061 | -€2,480 | -16.0% |
| Non-recurring operating charges | 66A | - | €288 | +€288 | |
| Gross operating margin | 9900 | €160,585 | €146,601 | -€13,983 | -8.7% |
| Operating profit (loss) | 9901 | €106,904 | €93,438 | -€13,466 | -12.6% |
| Financial income | 75/76B | €9,578 | €11,263 | +€1,685 | +17.6% |
| Recurring financial income | 75 | €9,578 | €11,263 | +€1,685 | +17.6% |
| Financial charges | 65/66B | €16,263 | €11,401 | -€4,862 | -29.9% |
| Recurring financial charges | 65 | €16,263 | €11,401 | -€4,862 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €100,219 | €93,299 | -€6,919 | -6.9% |
| Income taxes | 67/77 | €25,546 | €25,377 | -€169 | -0.7% |
| Profit (loss) for the period | 9904 | €74,672 | €67,922 | -€6,750 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,672 | €67,922 | -€6,750 | -9.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.