Mornie Sam: 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.
Mornie Sam
Largest movements
- Receivables within one year +€6,786
up €6,786 (+101%), from €6,743 to €13,529
of which Trade receivables: +€6,640
- Tangible fixed assets -€6,744
down €6,744 (-2.2%), from €304,599 to €297,855
of which Land and buildings: -€10,846
- Cash +€4,386
up €4,386 (+35.2%), from €12,473 to €16,859
mainly Depreciation (+€18,516) and Net result for the year (+€15,444)
- Reserves +€14,611
up €14,611 (+25.2%), from €57,968 to €72,579
- Debts after one year -€12,031
down €12,031 (-5.9%), from €204,292 to €192,261
- Financial charges -€2,524
down €2,524 (-16.5%), from €15,254 to €12,730
- Taxes +€2,297
up €2,297 (+120%), from €1,914 to €4,211
- Depreciation +€2,231
up €2,231 (+13.7%), from €16,285 to €18,516
- Gross operating margin +€1,982
up €1,982 (+3.9%), from €51,091 to €53,073
- Other operating charges +€1,292
up €1,292 (+147%), from €880 to €2,173
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 | €327,452 | €330,272 | +€2,821 | +0.9% |
| Fixed assets | 21/28 | €304,599 | €297,855 | -€6,744 | -2.2% |
| Tangible fixed assets | 22/27 | €304,599 | €297,855 | -€6,744 | -2.2% |
| Land and buildings | 22 | €292,466 | €281,620 | -€10,846 | -3.7% |
| Plant, machinery and equipment | 23 | €2,576 | €1,844 | -€731 | -28.4% |
| Furniture and vehicles | 24 | €9,558 | €14,391 | +€4,834 | +50.6% |
| Current assets | 29/58 | €22,853 | €32,417 | +€9,565 | +41.9% |
| Amounts receivable within one year | 40/41 | €6,743 | €13,529 | +€6,786 | +101% |
| Trade receivables | 40 | €5,487 | €12,127 | +€6,640 | +121% |
| Other amounts receivable | 41 | €1,256 | €1,402 | +€146 | +11.6% |
| Cash at bank and in hand | 54/58 | €12,473 | €16,859 | +€4,386 | +35.2% |
| Deferred charges and accrued income | 490/1 | €3,636 | €2,029 | -€1,607 | -44.2% |
| Total equity and liabilities | 10/49 | €327,452 | €330,272 | +€2,821 | +0.9% |
| Equity | 10/15 | €60,968 | €75,579 | +€14,611 | +24.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,968 | €72,579 | +€14,611 | +25.2% |
| Distributable reserves | 133 | €57,968 | €72,579 | +€14,611 | +25.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €266,484 | €254,694 | -€11,790 | -4.4% |
| Amounts payable after more than one year | 17 | €204,292 | €192,261 | -€12,031 | -5.9% |
| Financial debts | 170/4 | €204,292 | €192,261 | -€12,031 | -5.9% |
| Amounts payable within one year | 42/48 | €59,346 | €59,610 | +€265 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €11,531 | €12,031 | +€500 | +4.3% |
| Financial debts | 43 | €622 | €0 | -€622 | -100% |
| Credit institutions | 430/8 | €622 | €0 | -€622 | -100% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,697 | €2,346 | +€649 | +38.2% |
| Suppliers | 440/4 | €1,697 | €2,346 | +€649 | +38.2% |
| Taxes, remuneration and social security | 45 | €1,200 | €2,857 | +€1,657 | +138% |
| Taxes | 450/3 | €1,200 | €2,857 | +€1,657 | +138% |
| Other amounts payable | 47/48 | €44,295 | €42,376 | -€1,919 | -4.3% |
| Accrued charges and deferred income | 492/3 | €2,847 | €2,823 | -€24 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,285 | €18,516 | +€2,231 | +13.7% |
| Other operating charges | 640/8 | €880 | €2,173 | +€1,292 | +147% |
| Gross operating margin | 9900 | €51,091 | €53,073 | +€1,982 | +3.9% |
| Operating profit (loss) | 9901 | €33,927 | €32,385 | -€1,542 | -4.5% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €15,254 | €12,730 | -€2,524 | -16.5% |
| Recurring financial charges | 65 | €15,254 | €12,730 | -€2,524 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €18,684 | €19,655 | +€970 | +5.2% |
| Income taxes | 67/77 | €1,914 | €4,211 | +€2,297 | +120% |
| Profit (loss) for the period | 9904 | €16,770 | €15,444 | -€1,326 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,770 | €15,444 | -€1,326 | -7.9% |
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 31 October 2026 via checked.be.