MORORESTO: 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.
MORORESTO
Largest movements
- Cash -€15,548
down €15,548 (-25.3%), from €61,344 to €45,796
mainly Other debts (-€16,767) and Investment in fixed assets (net) (-€8,451)
- Receivables within one year -€12,785
down €12,785 (-72.1%), from €17,722 to €4,937
of which Other amounts receivable: -€9,629
- Tangible fixed assets +€5,678
up €5,678 (+138.9%), from €4,087 to €9,765
of which Plant, machinery and equipment: +€4,576
- Deferred charges and accrued income -€1,512
down €1,512 (-33.5%), from €4,507 to €2,995
- Other debts -€16,767
no longer reported in 2025 (was €16,767)
- Profit (loss) carried forward -€5,069
down €5,069 (-18.9%), from €26,882 to €21,814
- Tax, wage and social debts -€2,930
down €2,930 (-13.8%), from €21,171 to €18,241
of which Taxes: -€3,102
- Gross operating margin -€19,151
down €19,151 (-16.9%), from €113,054 to €93,902
- Staff costs -€13,248
down €13,248 (-13.8%), from €95,969 to €82,721
- Other operating charges +€8,848
up €8,848 (+280.0%), from €3,159 to €12,007
- Taxes -€3,229
down €3,229 (-95.6%), from €3,379 to €150
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 | €88,750 | €64,363 | -€24,387 | -27.5% |
| Fixed assets | 21/28 | €4,202 | €9,915 | +€5,713 | +136.0% |
| Tangible fixed assets | 22/27 | €4,087 | €9,765 | +€5,678 | +138.9% |
| Plant, machinery and equipment | 23 | - | €4,576 | +€4,576 | |
| Furniture and vehicles | 24 | - | €3,065 | +€3,065 | |
| Other tangible fixed assets | 26 | €4,087 | €2,124 | -€1,963 | -48.0% |
| Financial fixed assets | 28 | €115 | €150 | +€35 | +30.9% |
| Current assets | 29/58 | €84,548 | €54,448 | -€30,100 | -35.6% |
| Stocks and contracts in progress | 3 | €975 | €720 | -€255 | -26.2% |
| Stocks | 30/36 | €975 | €720 | -€255 | -26.2% |
| Amounts receivable within one year | 40/41 | €17,722 | €4,937 | -€12,785 | -72.1% |
| Trade receivables | 40 | €3,156 | - | -€3,156 | |
| Other amounts receivable | 41 | €14,566 | €4,937 | -€9,629 | -66.1% |
| Cash at bank and in hand | 54/58 | €61,344 | €45,796 | -€15,548 | -25.3% |
| Deferred charges and accrued income | 490/1 | €4,507 | €2,995 | -€1,512 | -33.5% |
| Total equity and liabilities | 10/49 | €88,750 | €64,363 | -€24,387 | -27.5% |
| Equity | 10/15 | €45,831 | €40,762 | -€5,069 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €348 | €348 | = | 0.0% |
| Distributable reserves | 133 | €348 | €348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,882 | €21,814 | -€5,069 | -18.9% |
| Amounts payable | 17/49 | €42,919 | €23,601 | -€19,318 | -45.0% |
| Amounts payable within one year | 42/48 | €42,919 | €23,590 | -€19,329 | -45.0% |
| Trade debts | 44 | €4,982 | €5,349 | +€368 | +7.4% |
| Suppliers | 440/4 | €4,982 | €5,349 | +€368 | +7.4% |
| Taxes, remuneration and social security | 45 | €21,171 | €18,241 | -€2,930 | -13.8% |
| Taxes | 450/3 | €11,611 | €8,509 | -€3,102 | -26.7% |
| Remuneration and social security | 454/9 | €9,560 | €9,731 | +€172 | +1.8% |
| Other amounts payable | 47/48 | €16,767 | - | -€16,767 | |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €95,969 | €82,721 | -€13,248 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,158 | €2,738 | +€580 | +26.9% |
| Other operating charges | 640/8 | €3,159 | €12,007 | +€8,848 | +280.0% |
| Gross operating margin | 9900 | €113,054 | €93,902 | -€19,151 | -16.9% |
| Operating profit (loss) | 9901 | €11,768 | -€3,563 | -€15,331 | |
| Financial income | 75/76B | €442 | €553 | +€111 | +25.1% |
| Recurring financial income | 75 | €442 | €553 | +€111 | +25.1% |
| Financial charges | 65/66B | €842 | €1,908 | +€1,066 | +126.7% |
| Recurring financial charges | 65 | €842 | €1,908 | +€1,066 | +126.7% |
| Profit (loss) for the period before taxes | 9903 | €11,368 | -€4,918 | -€16,287 | |
| Income taxes | 67/77 | €3,379 | €150 | -€3,229 | -95.6% |
| Profit (loss) for the period | 9904 | €7,989 | -€5,069 | -€13,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,989 | -€5,069 | -€13,058 |
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 5 October 2026 via checked.be.