MORY STEVEN: 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.
MORY STEVEN
Largest movements
- Tangible fixed assets +€277,945
up €277,945 (+725%), from €38,319 to €316,265
of which Land and buildings: +€277,122
- Cash +€83,502
up €83,502 (+81.4%), from €102,614 to €186,116
mainly Debts after one year (+€247,041) and Net result for the year (+€133,335)
- Receivables within one year +€22,879
up €22,879 (+61.4%), from €37,268 to €60,147
of which Other amounts receivable: +€19,276
- Debts after one year +€247,041
up €247,041 (+1,298%), from €19,029 to €266,069
- Reserves +€133,335
up €133,335 (+149%), from €89,289 to €222,624
- Tax, wage and social debts -€31,709
down €31,709 (-98.5%), from €32,189 to €479
- Trade debts +€21,556
up €21,556 (+61.1%), from €35,295 to €56,851
- Current portion of long-term debt +€14,794
up €14,794 (+247%), from €5,980 to €20,773
- Gross operating margin +€101,912
up €101,912 (+89.9%), from €113,382 to €215,293
- Taxes +€9,684
up €9,684 (+30.9%), from €31,340 to €41,024
- Financial charges +€8,127
up €8,127 (+256%), from €3,179 to €11,306
- Depreciation +€5,354
up €5,354 (+38.3%), from €13,968 to €19,322
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 | €187,493 | €573,935 | +€386,443 | +206% |
| Fixed assets | 21/28 | €44,485 | €324,128 | +€279,643 | +629% |
| Intangible fixed assets | 21 | €6,165 | €4,863 | -€1,302 | -21.1% |
| Tangible fixed assets | 22/27 | €38,319 | €316,265 | +€277,945 | +725% |
| Land and buildings | 22 | - | €277,122 | +€277,122 | |
| Plant, machinery and equipment | 23 | €3,098 | €1,608 | -€1,490 | -48.1% |
| Furniture and vehicles | 24 | €10,573 | €6,150 | -€4,424 | -41.8% |
| Leasing and similar rights | 25 | €24,648 | €31,385 | +€6,737 | +27.3% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €143,008 | €249,807 | +€106,799 | +74.7% |
| Amounts receivable within one year | 40/41 | €37,268 | €60,147 | +€22,879 | +61.4% |
| Trade receivables | 40 | €24,284 | €27,887 | +€3,603 | +14.8% |
| Other amounts receivable | 41 | €12,983 | €32,259 | +€19,276 | +148% |
| Cash at bank and in hand | 54/58 | €102,614 | €186,116 | +€83,502 | +81.4% |
| Deferred charges and accrued income | 490/1 | €3,126 | €3,544 | +€418 | +13.4% |
| Total equity and liabilities | 10/49 | €187,493 | €573,935 | +€386,443 | +206% |
| Equity | 10/15 | €92,289 | €225,624 | +€133,335 | +144% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €89,289 | €222,624 | +€133,335 | +149% |
| Distributable reserves | 133 | €89,289 | €222,624 | +€133,335 | +149% |
| Amounts payable | 17/49 | €95,204 | €348,311 | +€253,107 | +266% |
| Amounts payable after more than one year | 17 | €19,029 | €266,069 | +€247,041 | +1,298% |
| Financial debts | 170/4 | €19,029 | €266,069 | +€247,041 | +1,298% |
| Amounts payable within one year | 42/48 | €76,175 | €82,242 | +€6,067 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €5,980 | €20,773 | +€14,794 | +247% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €35,295 | €56,851 | +€21,556 | +61.1% |
| Suppliers | 440/4 | €35,295 | €56,851 | +€21,556 | +61.1% |
| Taxes, remuneration and social security | 45 | €32,189 | €479 | -€31,709 | -98.5% |
| Taxes | 450/3 | €32,189 | €479 | -€31,709 | -98.5% |
| Other amounts payable | 47/48 | €2,712 | €4,120 | +€1,408 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,968 | €19,322 | +€5,354 | +38.3% |
| Other operating charges | 640/8 | €1,388 | €1,080 | -€308 | -22.2% |
| Non-recurring operating charges | 66A | - | €9,242 | +€9,242 | |
| Gross operating margin | 9900 | €113,382 | €215,293 | +€101,912 | +89.9% |
| Operating profit (loss) | 9901 | €98,026 | €185,650 | +€87,624 | +89.4% |
| Financial income | 75/76B | €432 | €15 | -€417 | -96.5% |
| Recurring financial income | 75 | €432 | €15 | -€417 | -96.5% |
| Financial charges | 65/66B | €3,179 | €11,306 | +€8,127 | +256% |
| Recurring financial charges | 65 | €3,179 | €11,306 | +€8,127 | +256% |
| Profit (loss) for the period before taxes | 9903 | €95,279 | €174,359 | +€79,080 | +83.0% |
| Income taxes | 67/77 | €31,340 | €41,024 | +€9,684 | +30.9% |
| Profit (loss) for the period | 9904 | €63,939 | €133,335 | +€69,396 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €63,939 | €133,335 | +€69,396 | +109% |
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 23 October 2026 via checked.be.