MORO Essentials: 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.
MORO Essentials
Largest movements
- Receivables within one year +€78,169
up €78,169 (+266.9%), from €29,290 to €107,458
of which Trade receivables: +€80,183
- Intangible fixed assets +€38,124
up €38,124 (+23.2%), from €164,364 to €202,488
- Stocks and contracts +€28,661
up €28,661 (+23.0%), from €124,365 to €153,026
- Cash +€21,585
up €21,585 (+20.5%), from €105,380 to €126,965
mainly Debts after one year (+€143,244) and Tax, wage and social debts (+€56,447)
- Debts after one year +€143,244
up €143,244 (+191.4%), from €74,848 to €218,092
- Profit (loss) carried forward -€101,148
down €101,148 (-31.9%), from -€317,554 to -€418,702
- Tax, wage and social debts +€56,447
up €56,447 (+333.8%), from €16,913 to €73,360
of which Taxes: +€46,819
- Current portion of long-term debt +€45,424
up €45,424 (+212.9%), from €21,332 to €66,756
- Trade debts +€19,696
up €19,696 (+53.3%), from €36,924 to €56,620
- Gross operating margin +€116,641
up €116,641, from -€106,250 to €10,390
- Staff costs +€29,454
up €29,454 (+75.7%), from €38,916 to €68,371
- Depreciation +€18,521
up €18,521 (+52.1%), from €35,525 to €54,046
- Financial income +€16,182
up €16,182 (+1344.5%), from €1,204 to €17,385
- Other operating charges -€4,364
down €4,364 (-77.2%), from €5,653 to €1,290
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 | €428,574 | €592,835 | +€164,261 | +38.3% |
| Fixed assets | 21/28 | €167,319 | €204,736 | +€37,417 | +22.4% |
| Intangible fixed assets | 21 | €164,364 | €202,488 | +€38,124 | +23.2% |
| Tangible fixed assets | 22/27 | €2,368 | €1,661 | -€706 | -29.8% |
| Furniture and vehicles | 24 | €2,368 | €1,661 | -€706 | -29.8% |
| Financial fixed assets | 28 | €587 | €587 | = | 0.0% |
| Current assets | 29/58 | €261,256 | €388,100 | +€126,844 | +48.6% |
| Stocks and contracts in progress | 3 | €124,365 | €153,026 | +€28,661 | +23.0% |
| Stocks | 30/36 | €124,365 | €153,026 | +€28,661 | +23.0% |
| Amounts receivable within one year | 40/41 | €29,290 | €107,458 | +€78,169 | +266.9% |
| Trade receivables | 40 | €26,926 | €107,109 | +€80,183 | +297.8% |
| Other amounts receivable | 41 | €2,364 | €350 | -€2,014 | -85.2% |
| Cash at bank and in hand | 54/58 | €105,380 | €126,965 | +€21,585 | +20.5% |
| Deferred charges and accrued income | 490/1 | €2,221 | €651 | -€1,570 | -70.7% |
| Total equity and liabilities | 10/49 | €428,574 | €592,835 | +€164,261 | +38.3% |
| Equity | 10/15 | €278,557 | €177,409 | -€101,148 | -36.3% |
| Contributions | 10/11 | €596,111 | €596,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,554 | -€418,702 | -€101,148 | -31.9% |
| Amounts payable | 17/49 | €150,017 | €415,426 | +€265,409 | +176.9% |
| Amounts payable after more than one year | 17 | €74,848 | €218,092 | +€143,244 | +191.4% |
| Financial debts | 170/4 | €74,848 | €218,092 | +€143,244 | +191.4% |
| Amounts payable within one year | 42/48 | €75,169 | €197,334 | +€122,165 | +162.5% |
| Current portion of amounts payable after more than one year | 42 | €21,332 | €66,756 | +€45,424 | +212.9% |
| Trade debts | 44 | €36,924 | €56,620 | +€19,696 | +53.3% |
| Suppliers | 440/4 | €36,924 | €56,620 | +€19,696 | +53.3% |
| Taxes, remuneration and social security | 45 | €16,913 | €73,360 | +€56,447 | +333.8% |
| Taxes | 450/3 | €8,073 | €54,892 | +€46,819 | +579.9% |
| Remuneration and social security | 454/9 | €8,840 | €18,467 | +€9,628 | +108.9% |
| Other amounts payable | 47/48 | - | €599 | +€599 | |
| Remuneration, social security and pensions | 62 | €38,916 | €68,371 | +€29,454 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,525 | €54,046 | +€18,521 | +52.1% |
| Other operating charges | 640/8 | €5,653 | €1,290 | -€4,364 | -77.2% |
| Gross operating margin | 9900 | -€106,250 | €10,390 | +€116,641 | |
| Operating profit (loss) | 9901 | -€186,345 | -€113,316 | +€73,029 | +39.2% |
| Financial income | 75/76B | €1,204 | €17,385 | +€16,182 | +1344.5% |
| Recurring financial income | 75 | €1,204 | €17,385 | +€16,182 | +1344.5% |
| Financial charges | 65/66B | €8,327 | €5,217 | -€3,110 | -37.3% |
| Recurring financial charges | 65 | €8,327 | €5,217 | -€3,110 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | -€193,469 | -€101,148 | +€92,321 | +47.7% |
| Profit (loss) for the period | 9904 | -€193,469 | -€101,148 | +€92,321 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,469 | -€101,148 | +€92,321 | +47.7% |
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 29 September 2026 via checked.be.