MORLITECH: 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.
MORLITECH
Largest movements
- Current investments -€250,623
down €250,623 (-16.6%), from €1.5m to €1.3m
- Receivables within one year -€63,221
down €63,221 (-39.1%), from €161,517 to €98,296
of which Trade receivables: -€63,400
- Cash +€61,961
up €61,961 (+84.2%), from €73,570 to €135,531
mainly Current investments (+€250,623) and Net result for the year (+€236,083)
- Tangible fixed assets -€30,052
down €30,052 (-4.3%), from €690,988 to €660,936
of which Land and buildings: -€40,354
- Other debts -€456,244
down €456,244 (-89.3%), from €511,022 to €54,778
- Reserves +€234,417
up €234,417 (+13.2%), from €1.8m to €2.0m
- Trade debts -€44,173
down €44,173 (-64.0%), from €68,988 to €24,815
- Gross operating margin -€107,078
down €107,078 (-18.5%), from €578,450 to €471,372
- Taxes -€40,056
down €40,056 (-28.5%), from €140,482 to €100,426
- Depreciation +€7,341
up €7,341 (+11.1%), from €65,879 to €73,220
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 | €2,446,324 | €2,160,529 | -€285,794 | -11.7% |
| Fixed assets | 21/28 | €690,988 | €660,936 | -€30,052 | -4.3% |
| Tangible fixed assets | 22/27 | €690,988 | €660,936 | -€30,052 | -4.3% |
| Land and buildings | 22 | €625,169 | €584,815 | -€40,354 | -6.5% |
| Plant, machinery and equipment | 23 | €13,772 | €7,265 | -€6,507 | -47.2% |
| Furniture and vehicles | 24 | €52,047 | €68,856 | +€16,810 | +32.3% |
| Current assets | 29/58 | €1,755,335 | €1,499,593 | -€255,742 | -14.6% |
| Amounts receivable within one year | 40/41 | €161,517 | €98,296 | -€63,221 | -39.1% |
| Trade receivables | 40 | €161,517 | €98,117 | -€63,400 | -39.3% |
| Other amounts receivable | 41 | - | €179 | +€179 | |
| Current investments | 50/53 | €1,510,748 | €1,260,125 | -€250,623 | -16.6% |
| Cash at bank and in hand | 54/58 | €73,570 | €135,531 | +€61,961 | +84.2% |
| Deferred charges and accrued income | 490/1 | €9,500 | €5,641 | -€3,859 | -40.6% |
| Total equity and liabilities | 10/49 | €2,446,324 | €2,160,529 | -€285,794 | -11.7% |
| Equity | 10/15 | €1,795,414 | €2,029,831 | +€234,417 | +13.1% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €1,771,414 | €2,005,831 | +€234,417 | +13.2% |
| Distributable reserves | 133 | €1,771,414 | €2,005,831 | +€234,417 | +13.2% |
| Amounts payable | 17/49 | €650,910 | €130,699 | -€520,211 | -79.9% |
| Amounts payable within one year | 42/48 | €647,108 | €127,188 | -€519,920 | -80.3% |
| Trade debts | 44 | €68,988 | €24,815 | -€44,173 | -64.0% |
| Suppliers | 440/4 | €68,988 | €24,815 | -€44,173 | -64.0% |
| Taxes, remuneration and social security | 45 | €67,098 | €47,595 | -€19,503 | -29.1% |
| Taxes | 450/3 | €61,370 | €41,373 | -€19,997 | -32.6% |
| Remuneration and social security | 454/9 | €5,729 | €6,223 | +€494 | +8.6% |
| Other amounts payable | 47/48 | €511,022 | €54,778 | -€456,244 | -89.3% |
| Accrued charges and deferred income | 492/3 | €3,801 | €3,511 | -€291 | -7.6% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €76,804 | €78,936 | +€2,132 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,879 | €73,220 | +€7,341 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €852 | +€852 | |
| Other operating charges | 640/8 | €6,309 | €6,241 | -€69 | -1.1% |
| Gross operating margin | 9900 | €578,450 | €471,372 | -€107,078 | -18.5% |
| Operating profit (loss) | 9901 | €429,458 | €312,123 | -€117,335 | -27.3% |
| Financial income | 75/76B | €30,026 | €28,846 | -€1,179 | -3.9% |
| Recurring financial income | 75 | €30,026 | €28,846 | -€1,179 | -3.9% |
| Financial charges | 65/66B | €4,908 | €4,461 | -€447 | -9.1% |
| Recurring financial charges | 65 | €4,908 | €4,461 | -€447 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €454,576 | €336,508 | -€118,068 | -26.0% |
| Income taxes | 67/77 | €140,482 | €100,426 | -€40,056 | -28.5% |
| Profit (loss) for the period | 9904 | €314,095 | €236,083 | -€78,012 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €314,095 | €236,083 | -€78,012 | -24.8% |
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.