Morré: 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.
Morré
Largest movements
- Intangible fixed assets -€80,000
down €80,000 (-45.1%), from €177,315 to €97,315
- Cash +€26,698
up €26,698 (+17.8%), from €149,883 to €176,581
mainly Depreciation (+€87,165) and Net result for the year (+€67,116)
- Tangible fixed assets +€10,828
up €10,828 (+179%), from €6,052 to €16,880
of which Furniture and vehicles: +€12,950
- Reserves +€67,116
up €67,116 (+3,532%), from €1,900 to €69,016
- Other debts -€50,762
down €50,762 (-90.0%), from €56,403 to €5,641
- Debts after one year -€42,316
down €42,316 (-16.2%), from €261,183 to €218,867
- Trade debts -€13,667
down €13,667 (-75.4%), from €18,126 to €4,458
- Tax, wage and social debts -€7,688
down €7,688 (-26.0%), from €29,593 to €21,905
of which Remuneration and social security: -€4,906
- Gross operating margin +€34,166
up €34,166 (+9.7%), from €352,520 to €386,685
- Staff costs +€15,164
up €15,164 (+8.0%), from €188,997 to €204,161
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 | €438,920 | €392,297 | -€46,623 | -10.6% |
| Fixed assets | 21/28 | €183,367 | €114,195 | -€69,172 | -37.7% |
| Intangible fixed assets | 21 | €177,315 | €97,315 | -€80,000 | -45.1% |
| Tangible fixed assets | 22/27 | €6,052 | €16,880 | +€10,828 | +179% |
| Plant, machinery and equipment | 23 | €4,484 | €2,362 | -€2,122 | -47.3% |
| Furniture and vehicles | 24 | €1,568 | €14,518 | +€12,950 | +826% |
| Current assets | 29/58 | €255,554 | €278,102 | +€22,549 | +8.8% |
| Amounts receivable within one year | 40/41 | €90,671 | €86,522 | -€4,149 | -4.6% |
| Trade receivables | 40 | €63,319 | €70,443 | +€7,125 | +11.3% |
| Other amounts receivable | 41 | €27,352 | €16,078 | -€11,274 | -41.2% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €149,883 | €176,581 | +€26,698 | +17.8% |
| Total equity and liabilities | 10/49 | €438,920 | €392,297 | -€46,623 | -10.6% |
| Equity | 10/15 | €28,595 | €95,711 | +€67,116 | +235% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,900 | €69,016 | +€67,116 | +3,532% |
| Distributable reserves | 133 | €1,900 | €69,016 | +€67,116 | +3,532% |
| Profit (loss) carried forward | 14 | €8,095 | €8,095 | = | 0.0% |
| Amounts payable | 17/49 | €410,326 | €296,586 | -€113,739 | -27.7% |
| Amounts payable after more than one year | 17 | €261,183 | €218,867 | -€42,316 | -16.2% |
| Financial debts | 170/4 | €261,183 | €218,867 | -€42,316 | -16.2% |
| Amounts payable within one year | 42/48 | €149,143 | €77,720 | -€71,424 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €45,021 | €45,715 | +€694 | +1.5% |
| Trade debts | 44 | €18,126 | €4,458 | -€13,667 | -75.4% |
| Suppliers | 440/4 | €18,126 | €4,458 | -€13,667 | -75.4% |
| Taxes, remuneration and social security | 45 | €29,593 | €21,905 | -€7,688 | -26.0% |
| Taxes | 450/3 | €4,931 | €2,149 | -€2,782 | -56.4% |
| Remuneration and social security | 454/9 | €24,663 | €19,756 | -€4,906 | -19.9% |
| Other amounts payable | 47/48 | €56,403 | €5,641 | -€50,762 | -90.0% |
| Non-recurring operating income | 76A | €1,000 | €1,292 | +€292 | +29.2% |
| Remuneration, social security and pensions | 62 | €188,997 | €204,161 | +€15,164 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,400 | €87,165 | +€1,764 | +2.1% |
| Other operating charges | 640/8 | €1,480 | €1,617 | +€137 | +9.3% |
| Gross operating margin | 9900 | €352,520 | €386,685 | +€34,166 | +9.7% |
| Operating profit (loss) | 9901 | €76,643 | €93,743 | +€17,100 | +22.3% |
| Financial income | 75/76B | €614 | - | -€614 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €613 | - | -€613 | |
| Financial charges | 65/66B | €6,321 | €7,385 | +€1,064 | +16.8% |
| Recurring financial charges | 65 | €114 | €7,385 | +€7,270 | +6,365% |
| Non-recurring financial charges | 66B | €6,206 | - | -€6,206 | |
| Profit (loss) for the period before taxes | 9903 | €70,936 | €86,358 | +€15,422 | +21.7% |
| Income taxes | 67/77 | €19,931 | €19,242 | -€689 | -3.5% |
| Profit (loss) for the period | 9904 | €51,006 | €67,116 | +€16,111 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,006 | €67,116 | +€16,111 | +31.6% |
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 27 October 2026 via checked.be.