MOROBÉ: 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.
MOROBÉ
Largest movements
- Cash +€178,362
up €178,362 (+66.6%), from €267,974 to €446,336
mainly Net result for the year (+€299,719) and Depreciation (+€165,221)
- Tangible fixed assets -€99,162
down €99,162 (-13.5%), from €737,022 to €637,860
of which Other tangible fixed assets: -€82,456
- Stocks and contracts +€98,851
up €98,851 (+19.6%), from €505,355 to €604,205
- Deferred charges and accrued income -€63,294
down €63,294 (-86.4%), from €73,294 to €10,000
- Intangible fixed assets -€60,530
down €60,530 (-37.7%), from €160,633 to €100,103
- Profit (loss) carried forward +€299,719
up €299,719 (+64.6%), from €463,649 to €763,367
- Short-term financial debts -€90,726
down €90,726 (-42.0%), from €216,129 to €125,403
- Trade debts -€82,289
down €82,289 (-15.4%), from €533,070 to €450,782
- Debts after one year -€70,582
down €70,582 (-42.5%), from €166,094 to €95,511
- Tax, wage and social debts +€33,488
up €33,488 (+41.2%), from €81,234 to €114,721
of which Remuneration and social security: +€23,514
- Gross operating margin +€307,464
up €307,464 (+56.4%), from €545,613 to €853,077
- Staff costs +€79,660
up €79,660 (+47.1%), from €169,195 to €248,855
- Taxes +€53,362
up €53,362 (+93.4%), from €57,158 to €110,520
- Depreciation +€29,300
up €29,300 (+21.6%), from €135,920 to €165,221
- Financial income +€13,678
up €13,678 (+290%), from €4,708 to €18,386
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 | €1,882,387 | €1,937,130 | +€54,743 | +2.9% |
| Fixed assets | 21/28 | €897,895 | €737,964 | -€159,931 | -17.8% |
| Intangible fixed assets | 21 | €160,633 | €100,103 | -€60,530 | -37.7% |
| Tangible fixed assets | 22/27 | €737,022 | €637,860 | -€99,162 | -13.5% |
| Land and buildings | 22 | €4,014 | €258 | -€3,755 | -93.6% |
| Plant, machinery and equipment | 23 | €16,397 | €10,121 | -€6,276 | -38.3% |
| Furniture and vehicles | 24 | €25,870 | €19,195 | -€6,674 | -25.8% |
| Other tangible fixed assets | 26 | €690,742 | €608,286 | -€82,456 | -11.9% |
| Financial fixed assets | 28 | €240 | €0 | -€240 | -100% |
| Current assets | 29/58 | €984,492 | €1,199,167 | +€214,675 | +21.8% |
| Stocks and contracts in progress | 3 | €505,355 | €604,205 | +€98,851 | +19.6% |
| Stocks | 30/36 | €505,355 | €604,205 | +€98,851 | +19.6% |
| Amounts receivable within one year | 40/41 | €137,870 | €138,626 | +€756 | +0.5% |
| Trade receivables | 40 | €120,271 | €118,657 | -€1,614 | -1.3% |
| Other amounts receivable | 41 | €17,599 | €19,969 | +€2,370 | +13.5% |
| Cash at bank and in hand | 54/58 | €267,974 | €446,336 | +€178,362 | +66.6% |
| Deferred charges and accrued income | 490/1 | €73,294 | €10,000 | -€63,294 | -86.4% |
| Total equity and liabilities | 10/49 | €1,882,387 | €1,937,130 | +€54,743 | +2.9% |
| Equity | 10/15 | €665,499 | €965,217 | +€299,719 | +45.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €189,450 | €189,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,450 | €189,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €463,649 | €763,367 | +€299,719 | +64.6% |
| Provisions and deferred taxes | 16 | €34,400 | €34,400 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €34,400 | €34,400 | = | 0.0% |
| Pensions and similar obligations | 160 | €34,400 | €34,400 | = | 0.0% |
| Amounts payable | 17/49 | €1,182,488 | €937,513 | -€244,975 | -20.7% |
| Amounts payable after more than one year | 17 | €166,094 | €95,511 | -€70,582 | -42.5% |
| Financial debts | 170/4 | €166,094 | €95,511 | -€70,582 | -42.5% |
| Amounts payable within one year | 42/48 | €1,013,750 | €842,001 | -€171,749 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €69,694 | €70,582 | +€888 | +1.3% |
| Financial debts | 43 | €216,129 | €125,403 | -€90,726 | -42.0% |
| Credit institutions | 430/8 | €216,129 | €125,403 | -€90,726 | -42.0% |
| Trade debts | 44 | €533,070 | €450,782 | -€82,289 | -15.4% |
| Suppliers | 440/4 | €533,070 | €450,782 | -€82,289 | -15.4% |
| Taxes, remuneration and social security | 45 | €81,234 | €114,721 | +€33,488 | +41.2% |
| Taxes | 450/3 | €66,708 | €76,682 | +€9,973 | +15.0% |
| Remuneration and social security | 454/9 | €14,525 | €38,039 | +€23,514 | +162% |
| Other amounts payable | 47/48 | €113,623 | €80,513 | -€33,110 | -29.1% |
| Accrued charges and deferred income | 492/3 | €2,644 | €0 | -€2,644 | -100% |
| Remuneration, social security and pensions | 62 | €169,195 | €248,855 | +€79,660 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,920 | €165,221 | +€29,300 | +21.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,024 | €4,168 | -€5,855 | -58.4% |
| Gross operating margin | 9900 | €545,613 | €853,077 | +€307,464 | +56.4% |
| Operating profit (loss) | 9901 | €230,473 | €434,833 | +€204,360 | +88.7% |
| Financial income | 75/76B | €4,708 | €18,386 | +€13,678 | +290% |
| Recurring financial income | 75 | €4,708 | €18,386 | +€13,678 | +290% |
| Financial charges | 65/66B | €36,082 | €42,980 | +€6,898 | +19.1% |
| Recurring financial charges | 65 | €36,082 | €42,980 | +€6,898 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €199,099 | €410,239 | +€211,139 | +106% |
| Income taxes | 67/77 | €57,158 | €110,520 | +€53,362 | +93.4% |
| Profit (loss) for the period | 9904 | €141,942 | €299,719 | +€157,777 | +111% |
| Transfer to tax-exempt reserves | 689 | €189,450 | €0 | -€189,450 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,508 | €299,719 | +€347,227 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.