MORREALE M.: 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.
MORREALE M.
Largest movements
- Receivables within one year -€45,764
down €45,764 (-38.8%), from €118,082 to €72,318
of which Trade receivables: -€42,440
- Tangible fixed assets -€31,904
down €31,904 (-9.8%), from €324,535 to €292,631
of which Furniture and vehicles: -€16,050
- Profit (loss) carried forward -€31,185
down €31,185 (-147%), from -€21,170 to -€52,355
- Trade debts -€22,966
down €22,966 (-52.8%), from €43,534 to €20,569
- Tax, wage and social debts -€12,368
down €12,368 (-83.2%), from €14,858 to €2,490
of which Taxes: -€13,591
- Debts after one year -€9,029
down €9,029 (-2.3%), from €388,323 to €379,294
of which Financial debts: -€20,494
- Staff costs -€54,668
down €54,668 (-86.0%), from €63,573 to €8,905
- Gross operating margin -€52,165
down €52,165 (-63.0%), from €82,799 to €30,634
- Taxes -€12,704
down €12,704 (-96.1%), from €13,214 to €510
- Other operating charges +€8,957
up €8,957 (+152%), from €5,906 to €14,863
- Depreciation -€3,872
down €3,872 (-12.1%), from €32,122 to €28,250
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 | €493,813 | €415,216 | -€78,597 | -15.9% |
| Fixed assets | 21/28 | €324,948 | €293,045 | -€31,904 | -9.8% |
| Tangible fixed assets | 22/27 | €324,535 | €292,631 | -€31,904 | -9.8% |
| Land and buildings | 22 | €265,296 | €258,305 | -€6,992 | -2.6% |
| Plant, machinery and equipment | 23 | €32,304 | €23,442 | -€8,862 | -27.4% |
| Furniture and vehicles | 24 | €26,934 | €10,884 | -€16,050 | -59.6% |
| Financial fixed assets | 28 | €414 | €414 | = | 0.0% |
| Current assets | 29/58 | €168,865 | €122,171 | -€46,693 | -27.7% |
| Stocks and contracts in progress | 3 | €49,820 | €49,820 | = | 0.0% |
| Stocks | 30/36 | €49,820 | €49,820 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,082 | €72,318 | -€45,764 | -38.8% |
| Trade receivables | 40 | €111,140 | €68,700 | -€42,440 | -38.2% |
| Other amounts receivable | 41 | €6,943 | €3,619 | -€3,324 | -47.9% |
| Cash at bank and in hand | 54/58 | - | €25 | +€25 | |
| Deferred charges and accrued income | 490/1 | €962 | €8 | -€954 | -99.2% |
| Total equity and liabilities | 10/49 | €493,813 | €415,216 | -€78,597 | -15.9% |
| Equity | 10/15 | €20,438 | -€10,747 | -€31,185 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,409 | €35,409 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,409 | €35,409 | = | 0.0% |
| Other | 1319 | €35,409 | €35,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,170 | -€52,355 | -€31,185 | -147% |
| Amounts payable | 17/49 | €473,375 | €425,962 | -€47,412 | -10.0% |
| Amounts payable after more than one year | 17 | €388,323 | €379,294 | -€9,029 | -2.3% |
| Financial debts | 170/4 | €215,898 | €195,405 | -€20,494 | -9.5% |
| Other amounts payable | 178/9 | €172,425 | €183,890 | +€11,464 | +6.6% |
| Amounts payable within one year | 42/48 | €85,051 | €46,668 | -€38,383 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €26,633 | €23,610 | -€3,023 | -11.3% |
| Financial debts | 43 | €26 | - | -€26 | |
| Credit institutions | 430/8 | €26 | - | -€26 | |
| Trade debts | 44 | €43,534 | €20,569 | -€22,966 | -52.8% |
| Suppliers | 440/4 | €43,534 | €20,569 | -€22,966 | -52.8% |
| Taxes, remuneration and social security | 45 | €14,858 | €2,490 | -€12,368 | -83.2% |
| Taxes | 450/3 | €14,101 | €510 | -€13,591 | -96.4% |
| Remuneration and social security | 454/9 | €756 | €1,980 | +€1,223 | +162% |
| Remuneration, social security and pensions | 62 | €63,573 | €8,905 | -€54,668 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,122 | €28,250 | -€3,872 | -12.1% |
| Other operating charges | 640/8 | €5,906 | €14,863 | +€8,957 | +152% |
| Gross operating margin | 9900 | €82,799 | €30,634 | -€52,165 | -63.0% |
| Operating profit (loss) | 9901 | -€18,802 | -€21,384 | -€2,581 | -13.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €7,613 | €9,291 | +€1,678 | +22.0% |
| Recurring financial charges | 65 | €7,613 | €9,291 | +€1,678 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,416 | -€30,675 | -€4,260 | -16.1% |
| Income taxes | 67/77 | €13,214 | €510 | -€12,704 | -96.1% |
| Profit (loss) for the period | 9904 | -€39,629 | -€31,185 | +€8,444 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,629 | -€31,185 | +€8,444 | +21.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.