MORYCE: 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.
MORYCE
Largest movements
- Receivables within one year -€19,465
down €19,465 (-57.7%), from €33,719 to €14,254
of which Trade receivables: -€19,359
- Tangible fixed assets -€6,205
down €6,205 (-7.0%), from €88,471 to €82,265
of which Land and buildings: -€3,922
- Stocks and contracts +€4,640
up €4,640 (+133%), from €3,500 to €8,140
of which Contracts in progress: +€2,640
- Cash +€2,520
up €2,520 (+38.3%), from €6,587 to €9,106
mainly Receivables within one year (+€19,465) and Depreciation (+€7,198)
- Debts after one year -€9,595
down €9,595 (-18.9%), from €50,858 to €41,264
- Other debts -€4,499
down €4,499 (-13.5%), from €33,219 to €28,720
- Tax, wage and social debts -€3,257
down €3,257 (-45.2%), from €7,206 to €3,949
of which Remuneration and social security: -€1,641
- Trade debts -€3,064
down €3,064 (-33.7%), from €9,096 to €6,031
- Reserves +€1,593
up €1,593 (+40.9%), from €3,896 to €5,489
- Gross operating margin -€4,989
down €4,989 (-27.9%), from €17,904 to €12,915
- Staff costs -€3,111
down €3,111 (-92.6%), from €3,361 to €250
- Taxes -€220
down €220 (-14.4%), from €1,525 to €1,305
- Financial charges -€207
down €207 (-12.1%), from €1,704 to €1,497
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 | €133,721 | €115,275 | -€18,447 | -13.8% |
| Fixed assets | 21/28 | €88,471 | €82,265 | -€6,205 | -7.0% |
| Tangible fixed assets | 22/27 | €88,471 | €82,265 | -€6,205 | -7.0% |
| Land and buildings | 22 | €75,375 | €71,453 | -€3,922 | -5.2% |
| Plant, machinery and equipment | 23 | €576 | €1,209 | +€633 | +110% |
| Furniture and vehicles | 24 | €12,519 | €9,603 | -€2,916 | -23.3% |
| Current assets | 29/58 | €45,251 | €33,010 | -€12,241 | -27.1% |
| Stocks and contracts in progress | 3 | €3,500 | €8,140 | +€4,640 | +133% |
| Stocks | 30/36 | €3,500 | €5,500 | +€2,000 | +57.1% |
| Contracts in progress | 37 | - | €2,640 | +€2,640 | |
| Amounts receivable within one year | 40/41 | €33,719 | €14,254 | -€19,465 | -57.7% |
| Trade receivables | 40 | €33,184 | €13,825 | -€19,359 | -58.3% |
| Other amounts receivable | 41 | €534 | €429 | -€105 | -19.7% |
| Cash at bank and in hand | 54/58 | €6,587 | €9,106 | +€2,520 | +38.3% |
| Deferred charges and accrued income | 490/1 | €1,445 | €1,509 | +€64 | +4.4% |
| Total equity and liabilities | 10/49 | €133,721 | €115,275 | -€18,447 | -13.8% |
| Equity | 10/15 | €22,496 | €24,089 | +€1,593 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,896 | €5,489 | +€1,593 | +40.9% |
| Distributable reserves | 133 | €3,896 | €5,489 | +€1,593 | +40.9% |
| Amounts payable | 17/49 | €111,225 | €91,186 | -€20,039 | -18.0% |
| Amounts payable after more than one year | 17 | €50,858 | €41,264 | -€9,595 | -18.9% |
| Financial debts | 170/4 | €50,858 | €41,264 | -€9,595 | -18.9% |
| Amounts payable within one year | 42/48 | €60,326 | €48,818 | -€11,508 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €10,806 | €10,118 | -€688 | -6.4% |
| Trade debts | 44 | €9,096 | €6,031 | -€3,064 | -33.7% |
| Suppliers | 440/4 | €9,096 | €6,031 | -€3,064 | -33.7% |
| Taxes, remuneration and social security | 45 | €7,206 | €3,949 | -€3,257 | -45.2% |
| Taxes | 450/3 | €4,086 | €2,470 | -€1,616 | -39.5% |
| Remuneration and social security | 454/9 | €3,119 | €1,478 | -€1,641 | -52.6% |
| Other amounts payable | 47/48 | €33,219 | €28,720 | -€4,499 | -13.5% |
| Accrued charges and deferred income | 492/3 | €41 | €1,105 | +€1,064 | +2,597% |
| Remuneration, social security and pensions | 62 | €3,361 | €250 | -€3,111 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,344 | €7,198 | -€146 | -2.0% |
| Other operating charges | 640/8 | €1,286 | €1,366 | +€80 | +6.2% |
| Gross operating margin | 9900 | €17,904 | €12,915 | -€4,989 | -27.9% |
| Operating profit (loss) | 9901 | €5,912 | €4,100 | -€1,812 | -30.7% |
| Financial income | 75/76B | €294 | €295 | +€1 | +0.3% |
| Recurring financial income | 75 | €294 | €295 | +€1 | +0.3% |
| Financial charges | 65/66B | €1,704 | €1,497 | -€207 | -12.1% |
| Recurring financial charges | 65 | €1,704 | €1,497 | -€207 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €4,503 | €2,898 | -€1,605 | -35.6% |
| Income taxes | 67/77 | €1,525 | €1,305 | -€220 | -14.4% |
| Profit (loss) for the period | 9904 | €2,978 | €1,593 | -€1,385 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,978 | €1,593 | -€1,385 | -46.5% |
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 16 October 2026 via checked.be.