de Morteuil: 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 Morteuil
Largest movements
- Receivables within one year +€24,497
up €24,497 (+226%), from €10,852 to €35,349
of which Trade receivables: +€17,773
- Cash +€4,992
up €4,992 (+1.5%), from €340,086 to €345,078
mainly Tax, wage and social debts (+€15,837) and Other debts (+€5,847)
- Tax, wage and social debts +€15,837
up €15,837 (+151%), from €10,473 to €26,310
- Other debts +€5,847
up €5,847 (+12.5%), from €46,663 to €52,510
- Reserves +€5,000
up €5,000 (+2.4%), from €208,349 to €213,349
- Gross operating margin -€30,863
down €30,863 (-35.0%), from €88,132 to €57,269
- Financial charges -€13,367
down €13,367 (-23.3%), from €57,370 to €44,004
- Taxes -€5,014
down €5,014 (-55.5%), from €9,031 to €4,017
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 | €365,621 | €391,164 | +€25,543 | +7.0% |
| Fixed assets | 21/28 | €8,466 | €6,791 | -€1,676 | -19.8% |
| Tangible fixed assets | 22/27 | €8,466 | €6,791 | -€1,676 | -19.8% |
| Land and buildings | 22 | €8,466 | €6,791 | -€1,676 | -19.8% |
| Current assets | 29/58 | €357,155 | €384,374 | +€27,219 | +7.6% |
| Stocks and contracts in progress | 3 | €3,064 | €1,818 | -€1,246 | -40.7% |
| Stocks | 30/36 | €3,064 | €1,818 | -€1,246 | -40.7% |
| Amounts receivable within one year | 40/41 | €10,852 | €35,349 | +€24,497 | +226% |
| Trade receivables | 40 | €7,022 | €24,795 | +€17,773 | +253% |
| Other amounts receivable | 41 | €3,830 | €10,554 | +€6,724 | +176% |
| Cash at bank and in hand | 54/58 | €340,086 | €345,078 | +€4,992 | +1.5% |
| Deferred charges and accrued income | 490/1 | €3,153 | €2,129 | -€1,024 | -32.5% |
| Total equity and liabilities | 10/49 | €365,621 | €391,164 | +€25,543 | +7.0% |
| Equity | 10/15 | €301,903 | €306,995 | +€5,092 | +1.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €208,349 | €213,349 | +€5,000 | +2.4% |
| Distributable reserves | 133 | €208,349 | €213,349 | +€5,000 | +2.4% |
| Profit (loss) carried forward | 14 | €62,568 | €62,660 | +€92 | +0.1% |
| Amounts payable | 17/49 | €63,718 | €84,169 | +€20,451 | +32.1% |
| Amounts payable within one year | 42/48 | €60,235 | €80,433 | +€20,198 | +33.5% |
| Trade debts | 44 | €3,099 | €1,613 | -€1,486 | -48.0% |
| Suppliers | 440/4 | €3,099 | €1,613 | -€1,486 | -48.0% |
| Taxes, remuneration and social security | 45 | €10,473 | €26,310 | +€15,837 | +151% |
| Taxes | 450/3 | €10,473 | €26,310 | +€15,837 | +151% |
| Other amounts payable | 47/48 | €46,663 | €52,510 | +€5,847 | +12.5% |
| Accrued charges and deferred income | 492/3 | €3,483 | €3,736 | +€253 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,676 | €1,676 | = | 0.0% |
| Other operating charges | 640/8 | €2,838 | €2,947 | +€109 | +3.8% |
| Gross operating margin | 9900 | €88,132 | €57,269 | -€30,863 | -35.0% |
| Operating profit (loss) | 9901 | €83,618 | €52,647 | -€30,971 | -37.0% |
| Financial income | 75/76B | €637 | €466 | -€171 | -26.8% |
| Recurring financial income | 75 | €637 | €466 | -€171 | -26.8% |
| Financial charges | 65/66B | €57,370 | €44,004 | -€13,367 | -23.3% |
| Recurring financial charges | 65 | €57,370 | €44,004 | -€13,367 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €26,884 | €9,109 | -€17,775 | -66.1% |
| Income taxes | 67/77 | €9,031 | €4,017 | -€5,014 | -55.5% |
| Profit (loss) for the period | 9904 | €17,853 | €5,092 | -€12,761 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,853 | €5,092 | -€12,761 | -71.5% |
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 14 October 2026 via checked.be.