MORRIS OR: 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.
MORRIS OR
Largest movements
- Stocks and contracts +€23,691
up €23,691 (+26.3%), from €89,940 to €113,630
- Cash +€20,105
up €20,105 (+1,255%), from €1,602 to €21,707
mainly Net result for the year (+€27,340) and Receivables within one year (+€13,695)
- Receivables within one year -€13,695
down €13,695 (-99.9%), from €13,710 to €15
of which Trade receivables: -€13,707
- Profit (loss) carried forward +€27,340
up €27,340 (+453%), from €6,041 to €33,381
- Short-term financial debts -€8,090
no longer reported in 2025 (was €8,090)
- Other debts +€7,500
up €7,500 (+60.8%), from €12,345 to €19,845
- Trade debts +€2,968
up €2,968 (+5.3%), from €56,157 to €59,125
- Gross operating margin +€3,974
up €3,974 (+14.1%), from €28,228 to €32,202
- Financial charges +€1,745
up €1,745 (+91.3%), from €1,910 to €3,656
- Financial income -€736
down €736 (-85.0%), from €866 to €130
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 | €107,629 | €137,907 | +€30,278 | +28.1% |
| Fixed assets | 21/28 | €2,377 | €2,555 | +€177 | +7.5% |
| Tangible fixed assets | 22/27 | €2,377 | €2,555 | +€177 | +7.5% |
| Plant, machinery and equipment | 23 | €681 | €501 | -€180 | -26.4% |
| Furniture and vehicles | 24 | €1,697 | €2,054 | +€357 | +21.1% |
| Current assets | 29/58 | €105,251 | €135,352 | +€30,101 | +28.6% |
| Stocks and contracts in progress | 3 | €89,940 | €113,630 | +€23,691 | +26.3% |
| Stocks | 30/36 | €89,940 | €113,630 | +€23,691 | +26.3% |
| Amounts receivable within one year | 40/41 | €13,710 | €15 | -€13,695 | -99.9% |
| Trade receivables | 40 | €13,707 | - | -€13,707 | |
| Other amounts receivable | 41 | €3 | €15 | +€12 | +383% |
| Cash at bank and in hand | 54/58 | €1,602 | €21,707 | +€20,105 | +1,255% |
| Total equity and liabilities | 10/49 | €107,629 | €137,907 | +€30,278 | +28.1% |
| Equity | 10/15 | €28,660 | €56,000 | +€27,340 | +95.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,028 | €4,028 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,801 | €1,801 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,801 | €1,801 | = | 0.0% |
| Distributable reserves | 133 | €2,227 | €2,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,041 | €33,381 | +€27,340 | +453% |
| Amounts payable | 17/49 | €78,969 | €81,907 | +€2,938 | +3.7% |
| Amounts payable within one year | 42/48 | €78,969 | €81,907 | +€2,938 | +3.7% |
| Financial debts | 43 | €8,090 | - | -€8,090 | |
| Credit institutions | 430/8 | €8,090 | - | -€8,090 | |
| Trade debts | 44 | €56,157 | €59,125 | +€2,968 | +5.3% |
| Suppliers | 440/4 | €56,157 | €59,125 | +€2,968 | +5.3% |
| Taxes, remuneration and social security | 45 | €2,376 | €2,937 | +€560 | +23.6% |
| Taxes | 450/3 | €2,376 | €2,937 | +€560 | +23.6% |
| Other amounts payable | 47/48 | €12,345 | €19,845 | +€7,500 | +60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661 | €696 | +€35 | +5.3% |
| Other operating charges | 640/8 | €505 | €640 | +€134 | +26.6% |
| Gross operating margin | 9900 | €28,228 | €32,202 | +€3,974 | +14.1% |
| Operating profit (loss) | 9901 | €27,062 | €30,866 | +€3,804 | +14.1% |
| Financial income | 75/76B | €866 | €130 | -€736 | -85.0% |
| Recurring financial income | 75 | €866 | €130 | -€736 | -85.0% |
| Financial charges | 65/66B | €1,910 | €3,656 | +€1,745 | +91.3% |
| Recurring financial charges | 65 | €1,910 | €3,656 | +€1,745 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €26,017 | €27,340 | +€1,323 | +5.1% |
| Profit (loss) for the period | 9904 | €26,017 | €27,340 | +€1,323 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,017 | €27,340 | +€1,323 | +5.1% |
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 20 October 2026 via checked.be.