MORECA: what changed
What changed
MORECA
filed annual accounts (NBB)
Net result for the year
-€1,607
2024 · €41,137-€42,744
Equity
-€41,778
2024 · -€40,170-€1,607
Cash
-
2024 · €0
Balance sheet total
-
2024 · €0
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Trade debts +€1,667
up €1,667 (+54.4%), from €3,067 to €4,734
- Profit (loss) carried forward -€1,607
down €1,607 (-2.7%), from -€59,170 to -€60,778
- Short-term financial debts -€60
down €60 (-6.6%), from €910 to €850
Income statement
- Gross operating margin -€42,638
down €42,638, from €41,770 to -€868
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€41,137
Gross operating margin
-€42,638
Other operating charges
-€12
Financial charges
-€93
Result 2025
-€1,607
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€60
Investment
€0
Financing
-€60
Cash 2024
€0
From operations (derived)
+€60
Net result for the year
-€1,607
Trade debts
+€1,667
Financing
-€60
Short-term financial debts
-€60
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €0 | - | = | |
| Current assets | 29/58 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €0 | - | = | |
| Equity | 10/15 | -€40,170 | -€41,778 | -€1,607 | -4.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,170 | -€60,778 | -€1,607 | -2.7% |
| Amounts payable | 17/49 | €40,170 | €41,778 | +€1,607 | +4.0% |
| Amounts payable within one year | 42/48 | €40,170 | €41,778 | +€1,607 | +4.0% |
| Financial debts | 43 | €910 | €850 | -€60 | -6.6% |
| Credit institutions | 430/8 | €910 | €850 | -€60 | -6.6% |
| Trade debts | 44 | €3,067 | €4,734 | +€1,667 | +54.4% |
| Suppliers | 440/4 | €3,067 | €4,734 | +€1,667 | +54.4% |
| Other amounts payable | 47/48 | €36,194 | €36,194 | = | 0.0% |
| Non-recurring operating income | 76A | €42,612 | €0 | -€42,612 | -100% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €41,770 | -€868 | -€42,638 | |
| Operating profit (loss) | 9901 | €41,383 | -€1,268 | -€42,651 | |
| Financial charges | 65/66B | €246 | €340 | +€93 | +37.8% |
| Recurring financial charges | 65 | €246 | €340 | +€93 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €41,137 | -€1,607 | -€42,744 | |
| Profit (loss) for the period | 9904 | €41,137 | -€1,607 | -€42,744 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,137 | -€1,607 | -€42,744 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.