MORIMMO: what changed
Two fiscal 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.
MORIMMO
Largest movements
- Tangible fixed assets +€64,835
up €64,835 (+10.8%), from €602,270 to €667,106
of which Land and buildings: +€61,691
- Current investments -€35,000
no longer reported in 2025 (was €35,000)
- Cash -€29,814
down €29,814 (-12.1%), from €245,759 to €215,945
mainly Investment in fixed assets (net) (-€111,558) and Net result for the year (-€61,877)
- Other debts +€50,363
up €50,363 (+73.5%), from €68,536 to €118,899
- Profit (loss) carried forward -€49,316
down €49,316, from €458 to -€48,858
- Trade debts +€24,296
up €24,296 (+1537.9%), from €1,580 to €25,876
- Reserves -€12,562
down €12,562 (-5.4%), from €234,686 to €222,125
of which Tax-exempt reserves: -€12,562
- Gross operating margin -€59,871
down €59,871 (-57.8%), from €103,655 to €43,784
- Depreciation +€4,260
up €4,260 (+9.9%), from €43,063 to €47,323
- Financial income -€4,144
down €4,144 (-70.8%), from €5,855 to €1,711
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 | €909,239 | €922,903 | +€13,664 | +1.5% |
| Fixed assets | 21/28 | €603,920 | €668,156 | +€64,235 | +10.6% |
| Tangible fixed assets | 22/27 | €602,270 | €667,106 | +€64,835 | +10.8% |
| Land and buildings | 22 | €590,532 | €652,223 | +€61,691 | +10.4% |
| Furniture and vehicles | 24 | €2,612 | €8,186 | +€5,574 | +213.4% |
| Other tangible fixed assets | 26 | €9,126 | €6,697 | -€2,429 | -26.6% |
| Financial fixed assets | 28 | €1,650 | €1,050 | -€600 | -36.4% |
| Current assets | 29/58 | €305,318 | €254,747 | -€50,571 | -16.6% |
| Amounts receivable within one year | 40/41 | €20,718 | €29,252 | +€8,534 | +41.2% |
| Trade receivables | 40 | €3,000 | €26,474 | +€23,474 | +782.5% |
| Other amounts receivable | 41 | €17,718 | €2,778 | -€14,940 | -84.3% |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €245,759 | €215,945 | -€29,814 | -12.1% |
| Deferred charges and accrued income | 490/1 | €3,842 | €9,550 | +€5,708 | +148.6% |
| Total equity and liabilities | 10/49 | €909,239 | €922,903 | +€13,664 | +1.5% |
| Equity | 10/15 | €241,350 | €179,472 | -€61,877 | -25.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €234,686 | €222,125 | -€12,562 | -5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,751 | €113,190 | -€12,562 | -10.0% |
| Distributable reserves | 133 | €107,075 | €107,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | €458 | -€48,858 | -€49,316 | |
| Amounts payable | 17/49 | €667,889 | €743,431 | +€75,542 | +11.3% |
| Amounts payable after more than one year | 17 | €594,008 | €594,008 | = | 0.0% |
| Other amounts payable | 178/9 | €594,008 | €594,008 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,115 | €147,893 | +€74,778 | +102.3% |
| Trade debts | 44 | €1,580 | €25,876 | +€24,296 | +1537.9% |
| Suppliers | 440/4 | €1,580 | €25,876 | +€24,296 | +1537.9% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,119 | +€119 | +4.0% |
| Taxes | 450/3 | €3,000 | €3,119 | +€119 | +4.0% |
| Other amounts payable | 47/48 | €68,536 | €118,899 | +€50,363 | +73.5% |
| Accrued charges and deferred income | 492/3 | €765 | €1,529 | +€764 | +99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,063 | €47,323 | +€4,260 | +9.9% |
| Other operating charges | 640/8 | €12,637 | €13,427 | +€790 | +6.2% |
| Non-recurring operating charges | 66A | €19,393 | - | -€19,393 | |
| Gross operating margin | 9900 | €103,655 | €43,784 | -€59,871 | -57.8% |
| Operating profit (loss) | 9901 | €28,563 | -€16,965 | -€45,528 | |
| Financial income | 75/76B | €5,855 | €1,711 | -€4,144 | -70.8% |
| Recurring financial income | 75 | €5,855 | €1,711 | -€4,144 | -70.8% |
| Financial charges | 65/66B | €46,726 | €45,983 | -€743 | -1.6% |
| Recurring financial charges | 65 | €46,726 | €45,983 | -€743 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,308 | -€61,237 | -€48,929 | -397.5% |
| Income taxes | 67/77 | - | €640 | +€640 | |
| Profit (loss) for the period | 9904 | -€12,308 | -€61,877 | -€49,569 | -402.7% |
| Transfer from tax-exempt reserves | 789 | €12,562 | €12,562 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €254 | -€49,316 | -€49,569 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.