MOROCCO TRADING: 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.
MOROCCO TRADING
Largest movements
- Stocks and contracts +€49,227
up €49,227 (+41.5%), from €118,487 to €167,714
- Receivables within one year +€42,925
up €42,925 (+10.2%), from €419,410 to €462,335
of which Trade receivables: +€73,115
- Tangible fixed assets -€29,105
down €29,105 (-4.9%), from €590,823 to €561,718
of which Land and buildings: -€29,652
- Cash +€22,923
up €22,923 (+20.5%), from €111,983 to €134,907
mainly Trade debts (+€154,200) and Depreciation (+€55,103)
- Trade debts +€154,200
up €154,200 (+64.6%), from €238,836 to €393,035
- Debts after one year -€48,969
down €48,969 (-9.5%), from €515,241 to €466,272
- Tax, wage and social debts -€19,499
down €19,499 (-33.5%), from €58,192 to €38,693
of which Taxes: -€12,470
- Gross operating margin -€27,843
down €27,843 (-9.1%), from €305,085 to €277,242
- Staff costs +€15,151
up €15,151 (+10.9%), from €139,318 to €154,470
- Taxes -€14,427
down €14,427 (-78.0%), from €18,503 to €4,077
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 | €1,243,898 | €1,328,919 | +€85,020 | +6.8% |
| Fixed assets | 21/28 | €591,438 | €561,842 | -€29,597 | -5.0% |
| Intangible fixed assets | 21 | €615 | €123 | -€492 | -80.0% |
| Tangible fixed assets | 22/27 | €590,823 | €561,718 | -€29,105 | -4.9% |
| Land and buildings | 22 | €535,994 | €506,341 | -€29,652 | -5.5% |
| Plant, machinery and equipment | 23 | €40,461 | €30,220 | -€10,242 | -25.3% |
| Furniture and vehicles | 24 | €14,368 | €25,157 | +€10,789 | +75.1% |
| Current assets | 29/58 | €652,460 | €767,077 | +€114,617 | +17.6% |
| Stocks and contracts in progress | 3 | €118,487 | €167,714 | +€49,227 | +41.5% |
| Stocks | 30/36 | €118,487 | €167,714 | +€49,227 | +41.5% |
| Amounts receivable within one year | 40/41 | €419,410 | €462,335 | +€42,925 | +10.2% |
| Trade receivables | 40 | €281,876 | €354,992 | +€73,115 | +25.9% |
| Other amounts receivable | 41 | €137,534 | €107,344 | -€30,190 | -22.0% |
| Cash at bank and in hand | 54/58 | €111,983 | €134,907 | +€22,923 | +20.5% |
| Deferred charges and accrued income | 490/1 | €2,579 | €2,121 | -€458 | -17.8% |
| Total equity and liabilities | 10/49 | €1,243,898 | €1,328,919 | +€85,020 | +6.8% |
| Equity | 10/15 | €368,282 | €376,149 | +€7,867 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €349,682 | €357,549 | +€7,867 | +2.2% |
| Distributable reserves | 133 | €349,682 | €357,549 | +€7,867 | +2.2% |
| Amounts payable | 17/49 | €875,617 | €952,770 | +€77,153 | +8.8% |
| Amounts payable after more than one year | 17 | €515,241 | €466,272 | -€48,969 | -9.5% |
| Financial debts | 170/4 | €515,241 | €466,272 | -€48,969 | -9.5% |
| Amounts payable within one year | 42/48 | €360,376 | €486,498 | +€126,122 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €63,349 | €54,770 | -€8,579 | -13.5% |
| Trade debts | 44 | €238,836 | €393,035 | +€154,200 | +64.6% |
| Suppliers | 440/4 | €238,836 | €393,035 | +€154,200 | +64.6% |
| Taxes, remuneration and social security | 45 | €58,192 | €38,693 | -€19,499 | -33.5% |
| Taxes | 450/3 | €33,878 | €21,408 | -€12,470 | -36.8% |
| Remuneration and social security | 454/9 | €24,313 | €17,284 | -€7,029 | -28.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €139,318 | €154,470 | +€15,151 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,692 | €55,103 | +€1,411 | +2.6% |
| Other operating charges | 640/8 | €35,364 | €37,341 | +€1,977 | +5.6% |
| Gross operating margin | 9900 | €305,085 | €277,242 | -€27,843 | -9.1% |
| Operating profit (loss) | 9901 | €76,711 | €30,329 | -€46,382 | -60.5% |
| Financial income | 75/76B | €7,058 | €4,070 | -€2,988 | -42.3% |
| Recurring financial income | 75 | €7,058 | €4,070 | -€2,988 | -42.3% |
| Financial charges | 65/66B | €21,225 | €22,454 | +€1,230 | +5.8% |
| Recurring financial charges | 65 | €21,225 | €22,454 | +€1,230 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €62,544 | €11,944 | -€50,600 | -80.9% |
| Income taxes | 67/77 | €18,503 | €4,077 | -€14,427 | -78.0% |
| Profit (loss) for the period | 9904 | €44,040 | €7,867 | -€36,173 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,040 | €7,867 | -€36,173 | -82.1% |
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 17 October 2026 via checked.be.