MORPHO BLUE: 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.
MORPHO BLUE
Largest movements
- Cash -€22,196
down €22,196 (-93.4%), from €23,761 to €1,565
mainly Tax, wage and social debts (-€9,355) and Trade debts (-€7,768)
- Receivables within one year -€1,238
down €1,238 (-50.9%), from €2,433 to €1,195
of which Trade receivables: -€2,433
- Tangible fixed assets -€675
down €675 (-34.0%), from €1,987 to €1,312
- Tax, wage and social debts -€9,355
down €9,355 (-68.0%), from €13,751 to €4,396
- Trade debts -€7,768
down €7,768 (-61.1%), from €12,716 to €4,948
- Profit (loss) carried forward -€6,494
down €6,494 (-31.1%), from -€20,876 to -€27,370
- Other debts -€713
down €713 (-100%), from €713 to €0
- Gross operating margin -€8,212
down €8,212, from €4,017 to -€4,195
- Taxes -€1,922
down €1,922 (-100%), from €1,922 to €0
- Other operating charges +€787
up €787, from €0 to €787
- Depreciation +€636
up €636 (+1,643%), from €39 to €675
- Financial charges +€249
up €249 (+40.1%), from €621 to €869
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 | €28,601 | €4,271 | -€24,330 | -85.1% |
| Fixed assets | 21/28 | €2,187 | €1,512 | -€675 | -30.9% |
| Tangible fixed assets | 22/27 | €1,987 | €1,312 | -€675 | -34.0% |
| Furniture and vehicles | 24 | €1,987 | €1,312 | -€675 | -34.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €26,414 | €2,759 | -€23,655 | -89.6% |
| Amounts receivable within one year | 40/41 | €2,433 | €1,195 | -€1,238 | -50.9% |
| Trade receivables | 40 | €2,433 | €0 | -€2,433 | -100% |
| Other amounts receivable | 41 | €0 | €1,195 | +€1,195 | |
| Cash at bank and in hand | 54/58 | €23,761 | €1,565 | -€22,196 | -93.4% |
| Deferred charges and accrued income | 490/1 | €220 | €0 | -€220 | -100% |
| Total equity and liabilities | 10/49 | €28,601 | €4,271 | -€24,330 | -85.1% |
| Equity | 10/15 | €1,422 | -€5,072 | -€6,494 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,097 | €16,097 | = | 0.0% |
| Distributable reserves | 133 | €16,097 | €16,097 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,876 | -€27,370 | -€6,494 | -31.1% |
| Amounts payable | 17/49 | €27,179 | €9,344 | -€17,836 | -65.6% |
| Amounts payable within one year | 42/48 | €27,179 | €9,344 | -€17,836 | -65.6% |
| Trade debts | 44 | €12,716 | €4,948 | -€7,768 | -61.1% |
| Suppliers | 440/4 | €12,716 | €4,948 | -€7,768 | -61.1% |
| Taxes, remuneration and social security | 45 | €13,751 | €4,396 | -€9,355 | -68.0% |
| Taxes | 450/3 | €13,751 | €4,396 | -€9,355 | -68.0% |
| Other amounts payable | 47/48 | €713 | €0 | -€713 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39 | €675 | +€636 | +1,643% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €787 | +€787 | |
| Gross operating margin | 9900 | €4,017 | -€4,195 | -€8,212 | |
| Operating profit (loss) | 9901 | €3,978 | -€5,657 | -€9,635 | |
| Financial income | 75/76B | €0 | €32 | +€32 | |
| Recurring financial income | 75 | €0 | €32 | +€32 | |
| Financial charges | 65/66B | €621 | €869 | +€249 | +40.1% |
| Recurring financial charges | 65 | €621 | €869 | +€249 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €3,358 | -€6,494 | -€9,852 | |
| Income taxes | 67/77 | €1,922 | €0 | -€1,922 | -100% |
| Profit (loss) for the period | 9904 | €1,435 | -€6,494 | -€7,929 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,435 | -€6,494 | -€7,929 |
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 16 October 2026 via checked.be.