DE GROTE MORTIER: 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.
DE GROTE MORTIER
Largest movements
- Tangible fixed assets -€13,839
down €13,839 (-3.1%), from €445,689 to €431,850
of which Land and buildings: -€13,839
- Cash +€10,813
up €10,813 (+8.0%), from €135,050 to €145,863
mainly Net result for the year (+€40,907) and Depreciation (+€22,054)
- Reserves +€40,907
up €40,907 (+39.8%), from €102,732 to €143,639
of which Distributable reserves: +€42,312
- Current portion of long-term debt -€20,663
down €20,663 (-100%), from €20,663 to €0
- Tax, wage and social debts -€17,110
down €17,110 (-100%), from €17,110 to €0
- Financial income -€9,639
down €9,639 (-86.0%), from €11,214 to €1,575
- Depreciation -€7,857
down €7,857 (-26.3%), from €29,911 to €22,054
- Gross operating margin -€7,224
down €7,224 (-7.8%), from €92,334 to €85,110
- Taxes -€2,672
down €2,672 (-11.6%), from €22,953 to €20,281
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 | €604,807 | €601,889 | -€2,918 | -0.5% |
| Fixed assets | 21/28 | €445,689 | €431,850 | -€13,839 | -3.1% |
| Tangible fixed assets | 22/27 | €445,689 | €431,850 | -€13,839 | -3.1% |
| Land and buildings | 22 | €398,103 | €384,264 | -€13,839 | -3.5% |
| Other tangible fixed assets | 26 | €47,586 | €47,586 | = | 0.0% |
| Current assets | 29/58 | €159,118 | €170,039 | +€10,921 | +6.9% |
| Amounts receivable within one year | 40/41 | - | €821 | +€821 | |
| Trade receivables | 40 | - | €629 | +€629 | |
| Other amounts receivable | 41 | - | €191 | +€191 | |
| Current investments | 50/53 | €19,480 | €19,480 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,050 | €145,863 | +€10,813 | +8.0% |
| Deferred charges and accrued income | 490/1 | €4,588 | €3,876 | -€712 | -15.5% |
| Total equity and liabilities | 10/49 | €604,807 | €601,889 | -€2,918 | -0.5% |
| Equity | 10/15 | €556,654 | €597,561 | +€40,907 | +7.3% |
| Contributions | 10/11 | €376,798 | €376,798 | = | 0.0% |
| Capital | 10 | €376,798 | €376,798 | = | 0.0% |
| Issued capital | 100 | €376,798 | €376,798 | = | 0.0% |
| Reserves | 13 | €102,732 | €143,639 | +€40,907 | +39.8% |
| Non-distributable reserves | 130/1 | €34,087 | €34,087 | = | 0.0% |
| Legal reserve | 130 | €34,087 | €34,087 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,405 | €0 | -€1,405 | -100% |
| Distributable reserves | 133 | €67,240 | €109,553 | +€42,312 | +62.9% |
| Profit (loss) carried forward | 14 | €77,124 | €77,124 | = | 0.0% |
| Provisions and deferred taxes | 16 | €722 | €0 | -€722 | -100% |
| Deferred taxes | 168 | €722 | €0 | -€722 | -100% |
| Amounts payable | 17/49 | €47,431 | €4,328 | -€43,103 | -90.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €47,431 | €4,328 | -€43,103 | -90.9% |
| Current portion of amounts payable after more than one year | 42 | €20,663 | €0 | -€20,663 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,110 | €0 | -€17,110 | -100% |
| Taxes | 450/3 | €17,110 | €0 | -€17,110 | -100% |
| Other amounts payable | 47/48 | €9,657 | €4,328 | -€5,329 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,911 | €22,054 | -€7,857 | -26.3% |
| Other operating charges | 640/8 | €3,895 | €3,886 | -€9 | -0.2% |
| Gross operating margin | 9900 | €92,334 | €85,110 | -€7,224 | -7.8% |
| Operating profit (loss) | 9901 | €58,528 | €59,169 | +€642 | +1.1% |
| Financial income | 75/76B | €11,214 | €1,575 | -€9,639 | -86.0% |
| Recurring financial income | 75 | €11,214 | €1,575 | -€9,639 | -86.0% |
| Financial charges | 65/66B | €793 | €278 | -€516 | -65.0% |
| Recurring financial charges | 65 | €793 | €278 | -€516 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €68,948 | €60,466 | -€8,482 | -12.3% |
| Transfer from deferred taxes | 780 | €723 | €722 | -€1 | -0.1% |
| Income taxes | 67/77 | €22,953 | €20,281 | -€2,672 | -11.6% |
| Profit (loss) for the period | 9904 | €46,718 | €40,907 | -€5,811 | -12.4% |
| Transfer from tax-exempt reserves | 789 | €1,404 | €1,405 | +€1 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,122 | €42,312 | -€5,810 | -12.1% |
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 28 October 2026 via checked.be.