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MORRI: 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.

What changed

MORRI

BE 0767.932.964
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,954
2024 · -€3,257+€1,302
Equity
-€1,507
2024 · €448-€1,954
Cash
€17
2024 · €0+€17
Balance sheet total
€57,100
2024 · €57,547-€446

Largest movements

2024 to 2025
Assets

No asset line moved by more than 1% of the balance sheet total.

    Equity and liabilities
    • Other debts +€18,206

      up €18,206 (+163%), from €11,181 to €29,387

    • Debts after one year -€8,811

      down €8,811 (-30.6%), from €28,798 to €19,987

    • Trade debts -€6,781

      down €6,781 (-100%), from €6,781 to €0

    • Profit (loss) carried forward -€1,954

      down €1,954 (-76.6%), from -€2,552 to -€4,507

    • Tax, wage and social debts -€1,577

      down €1,577 (-78.9%), from €2,000 to €422

    Income statement
    • Taxes -€449

      down €449, from €441 to -€8

    • Financial charges -€448

      down €448 (-19.6%), from €2,292 to €1,844

    • Gross operating margin +€417

      up €417 (+77.8%), from -€535 to -€119

    • Financial income -€12

      down €12 (-100%), from €12 to €0

    From the 2024 result to the 2025 result

    effect on the 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.

    Result 2024 -€3,257
    Gross operating margin +€417
    Financial income -€12
    Financial charges +€448
    Taxes +€449
    Result 2025 -€1,954
    raises the resultlowers the result

    Derived cash bridge

    cash 2024 to 2025

    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.

    From operations +€8,357
    Investment €0
    Financing -€8,340
    Cash 2024 €0
    Net result for the year -€1,954
    Receivables within one year -€20
    Deferred charges and accrued income +€484
    Trade debts -€6,781
    Tax, wage and social debts -€1,577
    Other debts +€18,206
    Debts after one year -€8,811
    Current portion of long-term debt +€471
    Short-term financial debts -€0
    Cash 2025 €17
    brings cash intakes cash out
    Every line side by side 36 lines
    Line Code 2024 2025 Change %
    Total assets 20/58 €57,547 €57,100 -€446 -0.8%
    Fixed assets 21/28 €50,000 €50,000 = 0.0%
    Financial fixed assets 28 €50,000 €50,000 = 0.0%
    Current assets 29/58 €7,547 €7,100 -€446 -5.9%
    Amounts receivable within one year 40/41 €7,063 €7,083 +€20 +0.3%
    Trade receivables 40 €0 - =
    Other amounts receivable 41 €7,063 €7,083 +€20 +0.3%
    Cash at bank and in hand 54/58 €0 €17 +€17
    Deferred charges and accrued income 490/1 €484 €0 -€484 -100%
    Total equity and liabilities 10/49 €57,547 €57,100 -€446 -0.8%
    Equity 10/15 €448 -€1,507 -€1,954
    Contributions 10/11 €3,000 €3,000 = 0.0%
    Profit (loss) carried forward 14 -€2,552 -€4,507 -€1,954 -76.6%
    Amounts payable 17/49 €57,099 €58,607 +€1,508 +2.6%
    Amounts payable after more than one year 17 €28,798 €19,987 -€8,811 -30.6%
    Financial debts 170/4 €28,798 €19,987 -€8,811 -30.6%
    Amounts payable within one year 42/48 €28,301 €38,620 +€10,319 +36.5%
    Current portion of amounts payable after more than one year 42 €8,340 €8,811 +€471 +5.6%
    Financial debts 43 €0 €0 -€0 -100%
    Credit institutions 430/8 €0 €0 -€0 -100%
    Trade debts 44 €6,781 €0 -€6,781 -100%
    Suppliers 440/4 €6,781 €0 -€6,781 -100%
    Taxes, remuneration and social security 45 €2,000 €422 -€1,577 -78.9%
    Taxes 450/3 €2,000 €422 -€1,577 -78.9%
    Other amounts payable 47/48 €11,181 €29,387 +€18,206 +163%
    Other operating charges 640/8 €0 - =
    Gross operating margin 9900 -€535 -€119 +€417 +77.8%
    Operating profit (loss) 9901 -€535 -€119 +€417 +77.8%
    Financial income 75/76B €12 €0 -€12 -100%
    Recurring financial income 75 €12 €0 -€12 -100%
    Financial charges 65/66B €2,292 €1,844 -€448 -19.6%
    Recurring financial charges 65 €2,292 €1,844 -€448 -19.6%
    Profit (loss) for the period before taxes 9903 -€2,815 -€1,962 +€853 +30.3%
    Income taxes 67/77 €441 -€8 -€449
    Profit (loss) for the period 9904 -€3,257 -€1,954 +€1,302 +40.0%
    Profit (loss) for the period to be appropriated 9905 -€3,257 -€1,954 +€1,302 +40.0%

    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.