MORREN TECHNICS: 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.
MORREN TECHNICS
Largest movements
- Tangible fixed assets -€46,584
down €46,584 (-8.0%), from €580,263 to €533,679
of which Land and buildings: -€32,696
- Deferred charges and accrued income +€25,469
new in 2025: €25,469
- Receivables within one year -€22,848
down €22,848 (-17.5%), from €130,305 to €107,458
of which Trade receivables: -€25,463
- Cash -€20,260
down €20,260 (-16.7%), from €121,355 to €101,095
mainly Debts after one year (-€80,633) and Deferred charges and accrued income (-€25,469)
- Debts after one year -€80,633
down €80,633 (-21.4%), from €377,640 to €297,007
- Current portion of long-term debt +€39,409
new in 2025: €39,409
- Trade debts -€19,323
down €19,323 (-34.6%), from €55,836 to €36,513
- Tax, wage and social debts -€14,449
down €14,449 (-26.3%), from €54,956 to €40,507
of which Remuneration and social security: -€10,309
- Gross operating margin -€88,007
down €88,007 (-18.2%), from €483,384 to €395,378
- Taxes -€22,358
down €22,358 (-90.3%), from €24,748 to €2,390
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 | €888,344 | €825,121 | -€63,223 | -7.1% |
| Fixed assets | 21/28 | €581,133 | €534,549 | -€46,584 | -8.0% |
| Tangible fixed assets | 22/27 | €580,263 | €533,679 | -€46,584 | -8.0% |
| Land and buildings | 22 | €513,874 | €481,178 | -€32,696 | -6.4% |
| Plant, machinery and equipment | 23 | €10,210 | €6,743 | -€3,467 | -34.0% |
| Furniture and vehicles | 24 | €56,179 | €45,758 | -€10,421 | -18.5% |
| Financial fixed assets | 28 | €870 | €870 | = | 0.0% |
| Current assets | 29/58 | €307,211 | €290,572 | -€16,639 | -5.4% |
| Stocks and contracts in progress | 3 | €55,551 | €56,551 | +€1,000 | +1.8% |
| Stocks | 30/36 | €55,551 | €56,551 | +€1,000 | +1.8% |
| Amounts receivable within one year | 40/41 | €130,305 | €107,458 | -€22,848 | -17.5% |
| Trade receivables | 40 | €130,305 | €104,842 | -€25,463 | -19.5% |
| Other amounts receivable | 41 | - | €2,615 | +€2,615 | |
| Cash at bank and in hand | 54/58 | €121,355 | €101,095 | -€20,260 | -16.7% |
| Deferred charges and accrued income | 490/1 | - | €25,469 | +€25,469 | |
| Total equity and liabilities | 10/49 | €888,344 | €825,121 | -€63,223 | -7.1% |
| Equity | 10/15 | €356,097 | €361,240 | +€5,143 | +1.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €353,097 | €358,240 | +€5,143 | +1.5% |
| Distributable reserves | 133 | €353,097 | €358,240 | +€5,143 | +1.5% |
| Amounts payable | 17/49 | €532,247 | €463,881 | -€68,366 | -12.8% |
| Amounts payable after more than one year | 17 | €377,640 | €297,007 | -€80,633 | -21.4% |
| Financial debts | 170/4 | €377,640 | €297,007 | -€80,633 | -21.4% |
| Amounts payable within one year | 42/48 | €154,607 | €166,474 | +€11,867 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | - | €39,409 | +€39,409 | |
| Trade debts | 44 | €55,836 | €36,513 | -€19,323 | -34.6% |
| Suppliers | 440/4 | €55,836 | €36,513 | -€19,323 | -34.6% |
| Taxes, remuneration and social security | 45 | €54,956 | €40,507 | -€14,449 | -26.3% |
| Taxes | 450/3 | €16,134 | €11,993 | -€4,140 | -25.7% |
| Remuneration and social security | 454/9 | €38,823 | €28,514 | -€10,309 | -26.6% |
| Other amounts payable | 47/48 | €43,815 | €50,046 | +€6,231 | +14.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €14,512 | +€14,512 | |
| Remuneration, social security and pensions | 62 | €317,345 | €315,414 | -€1,931 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,402 | €56,656 | -€745 | -1.3% |
| Other operating charges | 640/8 | €4,120 | €4,079 | -€41 | -1.0% |
| Non-recurring operating charges | 66A | - | €99 | +€99 | |
| Gross operating margin | 9900 | €483,384 | €395,378 | -€88,007 | -18.2% |
| Operating profit (loss) | 9901 | €104,518 | €19,129 | -€85,389 | -81.7% |
| Financial income | 75/76B | €15 | €607 | +€592 | +3872.5% |
| Recurring financial income | 75 | €15 | €607 | +€592 | +3872.5% |
| Financial charges | 65/66B | €13,507 | €12,204 | -€1,303 | -9.6% |
| Recurring financial charges | 65 | €13,507 | €12,204 | -€1,303 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €91,027 | €7,533 | -€83,494 | -91.7% |
| Income taxes | 67/77 | €24,748 | €2,390 | -€22,358 | -90.3% |
| Profit (loss) for the period | 9904 | €66,278 | €5,143 | -€61,136 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,278 | €5,143 | -€61,136 | -92.2% |
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 30 September 2026 via checked.be.