MORO GLOBAL: 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 GLOBAL
Largest movements
- Cash +€398,233
up €398,233 (+95.7%), from €416,052 to €814,285
mainly Investment in fixed assets (net) (+€311,711) and Receivables after one year (+€259,000)
- Financial fixed assets -€311,711
down €311,711 (-11.7%), from €2.7m to €2.4m
- Receivables after one year -€259,000
down €259,000 (-100.0%), from €259,000 to €0
- Profit (loss) carried forward -€182,236
down €182,236 (-5.5%), from €3.3m to €3.2m
- Financial income -€3.0m
down €3.0m (-99.1%), from €3.0m to €28,895
- Gross operating margin -€77,999
down €77,999 (-65.4%), from -€119,263 to -€197,262
- Financial charges +€5,076
up €5,076 (+74.1%), from €6,853 to €11,929
of which Financial charges: +€8,853
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 | €3,343,147 | €3,170,077 | -€173,070 | -5.2% |
| Fixed assets | 21/28 | €2,667,628 | €2,355,510 | -€312,118 | -11.7% |
| Tangible fixed assets | 22/27 | €408 | €0 | -€408 | -100.0% |
| Plant, machinery and equipment | 23 | €408 | €0 | -€408 | -100.0% |
| Financial fixed assets | 28 | €2,667,220 | €2,355,510 | -€311,711 | -11.7% |
| Current assets | 29/58 | €675,519 | €814,567 | +€139,048 | +20.6% |
| Amounts receivable after more than one year | 29 | €259,000 | €0 | -€259,000 | -100.0% |
| Trade receivables | 290 | €259,000 | €0 | -€259,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €467 | €282 | -€185 | -39.6% |
| Other amounts receivable | 41 | €467 | €282 | -€185 | -39.6% |
| Cash at bank and in hand | 54/58 | €416,052 | €814,285 | +€398,233 | +95.7% |
| Total equity and liabilities | 10/49 | €3,343,147 | €3,170,077 | -€173,070 | -5.2% |
| Equity | 10/15 | €3,343,147 | €3,160,911 | -€182,236 | -5.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,340,647 | €3,158,411 | -€182,236 | -5.5% |
| Amounts payable | 17/49 | €0 | €9,166 | +€9,166 | |
| Amounts payable within one year | 42/48 | €0 | €9,166 | +€9,166 | |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €9,166 | +€9,166 | |
| Suppliers | 440/4 | €0 | €9,166 | +€9,166 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €408 | -€419 | -50.7% |
| Gross operating margin | 9900 | -€119,263 | -€197,262 | -€77,999 | -65.4% |
| Operating profit (loss) | 9901 | -€120,089 | -€197,669 | -€77,580 | -64.6% |
| Financial income | 75/76B | €3,045,200 | €28,895 | -€3.0m | -99.1% |
| Recurring financial income | 75 | €3,045,200 | €28,895 | -€3.0m | -99.1% |
| Financial charges | 65/66B | €6,853 | €11,929 | +€5,076 | +74.1% |
| Recurring financial charges | 65 | €1,831 | €10,684 | +€8,853 | +483.5% |
| Non-recurring financial charges | 66B | €5,022 | €1,245 | -€3,777 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €2,918,258 | -€180,703 | -€3.1m | |
| Income taxes | 67/77 | - | €1,533 | +€1,533 | |
| Profit (loss) for the period | 9904 | €2,918,258 | -€182,236 | -€3.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,918,258 | -€182,236 | -€3.1m |
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 4 October 2026 via checked.be.