MORRISON - MIGNOLET: 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 - MIGNOLET
Largest movements
- Current investments +€252,546
up €252,546 (+82.9%), from €304,515 to €557,060
- Cash -€158,425
down €158,425 (-36.8%), from €431,010 to €272,585
mainly Current investments (-€252,546) and Contributions, distributions and other (-€141,400)
- Tangible fixed assets +€56,213
up €56,213 (+455.2%), from €12,350 to €68,563
of which Furniture and vehicles: +€56,615
- Receivables within one year +€28,304
up €28,304 (+27.4%), from €103,346 to €131,650
of which Other amounts receivable: +€17,202
- Other debts +€141,400
new in 2025: €141,400
- Reserves +€22,765
up €22,765 (+3.8%), from €596,960 to €619,725
- Financial income +€55,263
up €55,263 (+297.0%), from €18,605 to €73,868
- Gross operating margin +€25,554
up €25,554 (+17.8%), from €143,418 to €168,972
- Depreciation +€9,143
up €9,143 (+385.5%), from €2,371 to €11,515
- Taxes -€3,921
down €3,921 (-7.5%), from €52,469 to €48,548
- Financial charges +€2,276
up €2,276 (+21.0%), from €10,837 to €13,113
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 | €855,909 | €1,033,937 | +€178,028 | +20.8% |
| Fixed assets | 21/28 | €12,350 | €68,563 | +€56,213 | +455.2% |
| Tangible fixed assets | 22/27 | €12,350 | €68,563 | +€56,213 | +455.2% |
| Plant, machinery and equipment | 23 | €3,650 | €3,248 | -€402 | -11.0% |
| Furniture and vehicles | 24 | €8,699 | €65,314 | +€56,615 | +650.8% |
| Current assets | 29/58 | €843,559 | €965,374 | +€121,815 | +14.4% |
| Amounts receivable within one year | 40/41 | €103,346 | €131,650 | +€28,304 | +27.4% |
| Trade receivables | 40 | €90,877 | €101,978 | +€11,102 | +12.2% |
| Other amounts receivable | 41 | €12,470 | €29,672 | +€17,202 | +138.0% |
| Current investments | 50/53 | €304,515 | €557,060 | +€252,546 | +82.9% |
| Cash at bank and in hand | 54/58 | €431,010 | €272,585 | -€158,425 | -36.8% |
| Deferred charges and accrued income | 490/1 | €4,688 | €4,079 | -€609 | -13.0% |
| Total equity and liabilities | 10/49 | €855,909 | €1,033,937 | +€178,028 | +20.8% |
| Equity | 10/15 | €615,692 | €638,458 | +€22,765 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €596,960 | €619,725 | +€22,765 | +3.8% |
| Distributable reserves | 133 | €596,960 | €619,725 | +€22,765 | +3.8% |
| Profit (loss) carried forward | 14 | €132 | €132 | = | 0.0% |
| Amounts payable | 17/49 | €240,216 | €395,480 | +€155,263 | +64.6% |
| Amounts payable after more than one year | 17 | €201,060 | €206,425 | +€5,365 | +2.7% |
| Other amounts payable | 178/9 | €201,060 | €206,425 | +€5,365 | +2.7% |
| Amounts payable within one year | 42/48 | €30,271 | €177,431 | +€147,159 | +486.1% |
| Current portion of amounts payable after more than one year | 42 | €19,496 | €19,333 | -€163 | -0.8% |
| Trade debts | 44 | €1,418 | €282 | -€1,136 | -80.1% |
| Suppliers | 440/4 | €1,418 | €282 | -€1,136 | -80.1% |
| Taxes, remuneration and social security | 45 | €9,358 | €16,417 | +€7,059 | +75.4% |
| Taxes | 450/3 | €9,358 | €16,417 | +€7,059 | +75.4% |
| Other amounts payable | 47/48 | - | €141,400 | +€141,400 | |
| Accrued charges and deferred income | 492/3 | €8,885 | €11,624 | +€2,739 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,371 | €11,515 | +€9,143 | +385.5% |
| Other operating charges | 640/8 | €2,764 | €2,399 | -€365 | -13.2% |
| Non-recurring operating charges | 66A | - | €3,100 | +€3,100 | |
| Gross operating margin | 9900 | €143,418 | €168,972 | +€25,554 | +17.8% |
| Operating profit (loss) | 9901 | €138,283 | €151,959 | +€13,676 | +9.9% |
| Financial income | 75/76B | €18,605 | €73,868 | +€55,263 | +297.0% |
| Recurring financial income | 75 | €18,605 | €73,868 | +€55,263 | +297.0% |
| Financial charges | 65/66B | €10,837 | €13,113 | +€2,276 | +21.0% |
| Recurring financial charges | 65 | €10,837 | €13,113 | +€2,276 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €146,050 | €212,714 | +€66,663 | +45.6% |
| Income taxes | 67/77 | €52,469 | €48,548 | -€3,921 | -7.5% |
| Profit (loss) for the period | 9904 | €93,581 | €164,165 | +€70,584 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,581 | €164,165 | +€70,584 | +75.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.