MORS Creations: 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.
MORS Creations
Largest movements
- Receivables within one year +€10,930
up €10,930 (+70.4%), from €15,527 to €26,458
of which Other amounts receivable: +€10,038
- Tangible fixed assets -€10,695
down €10,695 (-3.3%), from €322,040 to €311,345
of which Land and buildings: -€9,212
- Cash +€8,563
up €8,563 (+74.0%), from €11,577 to €20,140
mainly Net result for the year (+€15,936) and Current portion of long-term debt (+€12,203)
- Reserves +€24,747
new in 2025: €24,747
- Debts after one year -€17,789
down €17,789 (-6.2%), from €286,830 to €269,042
- Current portion of long-term debt +€12,203
up €12,203 (+76.4%), from €15,970 to €28,173
- Profit (loss) carried forward -€8,811
no longer reported in 2025 (was €8,811)
- Gross operating margin +€18,337
up €18,337 (+72.5%), from €25,309 to €43,645
- Financial charges +€10,505
up €10,505 (+163,624%), from €6 to €10,511
- Depreciation -€2,323
down €2,323 (-17.7%), from €13,138 to €10,815
- Taxes +€2,140
up €2,140 (+86.8%), from €2,465 to €4,605
- Other operating charges +€1,359
up €1,359 (+153%), from €888 to €2,247
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 | €349,722 | €358,193 | +€8,470 | +2.4% |
| Formation expenses | 20 | €120 | - | -€120 | |
| Fixed assets | 21/28 | €322,040 | €311,345 | -€10,695 | -3.3% |
| Tangible fixed assets | 22/27 | €322,040 | €311,345 | -€10,695 | -3.3% |
| Land and buildings | 22 | €313,011 | €303,798 | -€9,212 | -2.9% |
| Plant, machinery and equipment | 23 | €5,294 | €4,717 | -€576 | -10.9% |
| Furniture and vehicles | 24 | €3,735 | €2,829 | -€906 | -24.3% |
| Current assets | 29/58 | €27,562 | €46,848 | +€19,285 | +70.0% |
| Amounts receivable within one year | 40/41 | €15,527 | €26,458 | +€10,930 | +70.4% |
| Trade receivables | 40 | €8,331 | €9,223 | +€892 | +10.7% |
| Other amounts receivable | 41 | €7,196 | €17,234 | +€10,038 | +139% |
| Current investments | 50/53 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €11,577 | €20,140 | +€8,563 | +74.0% |
| Deferred charges and accrued income | 490/1 | €458 | - | -€458 | |
| Total equity and liabilities | 10/49 | €349,722 | €358,193 | +€8,470 | +2.4% |
| Equity | 10/15 | €38,811 | €54,747 | +€15,936 | +41.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €24,747 | +€24,747 | |
| Distributable reserves | 133 | - | €24,747 | +€24,747 | |
| Profit (loss) carried forward | 14 | €8,811 | - | -€8,811 | |
| Amounts payable | 17/49 | €310,911 | €303,445 | -€7,466 | -2.4% |
| Amounts payable after more than one year | 17 | €286,830 | €269,042 | -€17,789 | -6.2% |
| Financial debts | 170/4 | €286,830 | €269,042 | -€17,789 | -6.2% |
| Amounts payable within one year | 42/48 | €24,081 | €34,404 | +€10,323 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €15,970 | €28,173 | +€12,203 | +76.4% |
| Trade debts | 44 | €1,110 | €128 | -€982 | -88.5% |
| Suppliers | 440/4 | €1,110 | €128 | -€982 | -88.5% |
| Taxes, remuneration and social security | 45 | €7,001 | €6,103 | -€898 | -12.8% |
| Taxes | 450/3 | €4,809 | €6,103 | +€1,294 | +26.9% |
| Remuneration and social security | 454/9 | €2,192 | - | -€2,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,138 | €10,815 | -€2,323 | -17.7% |
| Other operating charges | 640/8 | €888 | €2,247 | +€1,359 | +153% |
| Gross operating margin | 9900 | €25,309 | €43,645 | +€18,337 | +72.5% |
| Operating profit (loss) | 9901 | €11,283 | €30,583 | +€19,300 | +171% |
| Financial income | 75/76B | €0 | €468 | +€468 | +1,561,167% |
| Recurring financial income | 75 | €0 | €468 | +€468 | +1,561,167% |
| Financial charges | 65/66B | €6 | €10,511 | +€10,505 | +163,624% |
| Recurring financial charges | 65 | €6 | €10,511 | +€10,505 | +163,624% |
| Profit (loss) for the period before taxes | 9903 | €11,276 | €20,540 | +€9,264 | +82.2% |
| Income taxes | 67/77 | €2,465 | €4,605 | +€2,140 | +86.8% |
| Profit (loss) for the period | 9904 | €8,811 | €15,936 | +€7,124 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,811 | €15,936 | +€7,124 | +80.9% |
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 31 October 2026 via checked.be.