MORRISON FINANCE: 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.
MORRISON FINANCE
Largest movements
- Receivables within one year -€44,840
down €44,840 (-15.4%), from €290,848 to €246,008
of which Trade receivables: -€27,832
- Tangible fixed assets -€39,843
down €39,843 (-58.5%), from €68,084 to €28,242
of which Furniture and vehicles: -€43,675
- Cash -€27,418
down €27,418 (-21.7%), from €126,076 to €98,658
mainly Debts after one year (-€42,222) and Contributions, distributions and other (-€40,000)
- Deferred charges and accrued income +€24,959
up €24,959 (+344%), from €7,250 to €32,209
- Debts after one year -€42,222
down €42,222 (-61.2%), from €68,953 to €26,732
- Trade debts -€34,706
down €34,706 (-16.4%), from €211,216 to €176,510
- Other debts -€20,000
down €20,000 (-33.3%), from €60,070 to €40,070
- Tax, wage and social debts +€15,609
up €15,609 (+19.4%), from €80,388 to €95,997
of which Taxes: +€26,118
- Profit (loss) carried forward -€7,813
down €7,813 (-47.6%), from €16,399 to €8,586
- Gross operating margin +€82,006
up €82,006 (+20.2%), from €405,969 to €487,975
- Staff costs +€29,936
up €29,936 (+8.5%), from €350,216 to €380,151
- Taxes +€19,052
up €19,052 (+238%), from €7,992 to €27,044
- Financial income +€5,422
up €5,422 (+34,956%), from €16 to €5,437
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 | €492,257 | €405,116 | -€87,141 | -17.7% |
| Fixed assets | 21/28 | €68,084 | €28,242 | -€39,843 | -58.5% |
| Tangible fixed assets | 22/27 | €68,084 | €28,242 | -€39,843 | -58.5% |
| Plant, machinery and equipment | 23 | €1,256 | €5,089 | +€3,833 | +305% |
| Furniture and vehicles | 24 | €66,828 | €23,153 | -€43,675 | -65.4% |
| Current assets | 29/58 | €424,173 | €376,875 | -€47,298 | -11.2% |
| Amounts receivable within one year | 40/41 | €290,848 | €246,008 | -€44,840 | -15.4% |
| Trade receivables | 40 | €273,840 | €246,008 | -€27,832 | -10.2% |
| Other amounts receivable | 41 | €17,008 | - | -€17,008 | |
| Cash at bank and in hand | 54/58 | €126,076 | €98,658 | -€27,418 | -21.7% |
| Deferred charges and accrued income | 490/1 | €7,250 | €32,209 | +€24,959 | +344% |
| Total equity and liabilities | 10/49 | €492,257 | €405,116 | -€87,141 | -17.7% |
| Equity | 10/15 | €31,399 | €23,586 | -€7,813 | -24.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,399 | €8,586 | -€7,813 | -47.6% |
| Amounts payable | 17/49 | €460,858 | €381,530 | -€79,328 | -17.2% |
| Amounts payable after more than one year | 17 | €68,953 | €26,732 | -€42,222 | -61.2% |
| Financial debts | 170/4 | €68,953 | €26,732 | -€42,222 | -61.2% |
| Amounts payable within one year | 42/48 | €391,905 | €354,799 | -€37,106 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €40,231 | €42,222 | +€1,991 | +4.9% |
| Trade debts | 44 | €211,216 | €176,510 | -€34,706 | -16.4% |
| Suppliers | 440/4 | €211,216 | €176,510 | -€34,706 | -16.4% |
| Taxes, remuneration and social security | 45 | €80,388 | €95,997 | +€15,609 | +19.4% |
| Taxes | 450/3 | €43,776 | €69,894 | +€26,118 | +59.7% |
| Remuneration and social security | 454/9 | €36,612 | €26,103 | -€10,509 | -28.7% |
| Other amounts payable | 47/48 | €60,070 | €40,070 | -€20,000 | -33.3% |
| Remuneration, social security and pensions | 62 | €350,216 | €380,151 | +€29,936 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,078 | €44,218 | +€140 | +0.3% |
| Other operating charges | 640/8 | €5,402 | €4,736 | -€666 | -12.3% |
| Gross operating margin | 9900 | €405,969 | €487,975 | +€82,006 | +20.2% |
| Operating profit (loss) | 9901 | €6,273 | €58,869 | +€52,596 | +838% |
| Financial income | 75/76B | €16 | €5,437 | +€5,422 | +34,956% |
| Recurring financial income | 75 | €16 | €5,437 | +€5,422 | +34,956% |
| Financial charges | 65/66B | €7,896 | €5,076 | -€2,821 | -35.7% |
| Recurring financial charges | 65 | €7,896 | €5,076 | -€2,821 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,607 | €59,231 | +€60,838 | |
| Income taxes | 67/77 | €7,992 | €27,044 | +€19,052 | +238% |
| Profit (loss) for the period | 9904 | -€9,599 | €32,187 | +€41,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,599 | €32,187 | +€41,786 |
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 15 October 2026 via checked.be.