De Mortselarij: 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 Mortselarij
Largest movements
- Receivables within one year -€38,810
down €38,810 (-96.9%), from €40,060 to €1,250
- Tangible fixed assets -€20,561
no longer reported in 2024 (was €20,561)
- Cash -€1,712
down €1,712 (-89.8%), from €1,906 to €194
mainly Net result for the year (-€55,116) and Other debts (-€39,000)
- Debts after one year +€66,753
up €66,753 (+61.8%), from €107,984 to €174,738
- Profit (loss) carried forward -€55,116
down €55,116 (-31.4%), from -€175,808 to -€230,924
- Other debts -€39,000
down €39,000 (-91.8%), from €42,461 to €3,461
- Trade debts -€32,512
down €32,512 (-90.3%), from €35,993 to €3,481
- Tax, wage and social debts -€4,370
down €4,370 (-14.3%), from €30,565 to €26,195
of which Remuneration and social security: -€4,957
- Staff costs -€20,469
down €20,469 (-56.6%), from €36,180 to €15,711
- Depreciation -€9,058
no longer reported in 2024 (was €9,058)
- Financial charges +€3,404
up €3,404 (+84.8%), from €4,014 to €7,418
- Gross operating margin +€2,960
up €2,960 (+9.6%), from -€30,810 to -€27,850
- Other operating charges +€2,644
up €2,644 (+146%), from €1,810 to €4,455
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,422 | €10,066 | -€61,356 | -85.9% |
| Fixed assets | 21/28 | €20,611 | €50 | -€20,561 | -99.8% |
| Tangible fixed assets | 22/27 | €20,561 | - | -€20,561 | |
| Plant, machinery and equipment | 23 | €20,561 | - | -€20,561 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €50,810 | €10,016 | -€40,794 | -80.3% |
| Stocks and contracts in progress | 3 | €8,845 | €8,572 | -€273 | -3.1% |
| Stocks | 30/36 | €8,845 | €8,572 | -€273 | -3.1% |
| Amounts receivable within one year | 40/41 | €40,060 | €1,250 | -€38,810 | -96.9% |
| Trade receivables | 40 | €40,060 | €1,250 | -€38,810 | -96.9% |
| Cash at bank and in hand | 54/58 | €1,906 | €194 | -€1,712 | -89.8% |
| Total equity and liabilities | 10/49 | €71,422 | €10,066 | -€61,356 | -85.9% |
| Equity | 10/15 | -€157,208 | -€212,324 | -€55,116 | -35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,808 | -€230,924 | -€55,116 | -31.4% |
| Amounts payable | 17/49 | €228,629 | €222,390 | -€6,240 | -2.7% |
| Amounts payable after more than one year | 17 | €107,984 | €174,738 | +€66,753 | +61.8% |
| Financial debts | 170/4 | €107,984 | €174,738 | +€66,753 | +61.8% |
| Amounts payable within one year | 42/48 | €120,645 | €45,797 | -€74,848 | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €11,627 | €12,660 | +€1,033 | +8.9% |
| Trade debts | 44 | €35,993 | €3,481 | -€32,512 | -90.3% |
| Suppliers | 440/4 | €35,993 | €3,481 | -€32,512 | -90.3% |
| Taxes, remuneration and social security | 45 | €30,565 | €26,195 | -€4,370 | -14.3% |
| Taxes | 450/3 | €25,607 | €26,195 | +€588 | +2.3% |
| Remuneration and social security | 454/9 | €4,957 | - | -€4,957 | |
| Other amounts payable | 47/48 | €42,461 | €3,461 | -€39,000 | -91.8% |
| Accrued charges and deferred income | 492/3 | - | €1,856 | +€1,856 | |
| Non-recurring operating income | 76A | - | €14,939 | +€14,939 | |
| Remuneration, social security and pensions | 62 | €36,180 | €15,711 | -€20,469 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,058 | - | -€9,058 | |
| Other operating charges | 640/8 | €1,810 | €4,455 | +€2,644 | +146% |
| Gross operating margin | 9900 | -€30,810 | -€27,850 | +€2,960 | +9.6% |
| Operating profit (loss) | 9901 | -€77,858 | -€48,016 | +€29,843 | +38.3% |
| Financial income | 75/76B | €297 | €318 | +€20 | +6.9% |
| Recurring financial income | 75 | €297 | €318 | +€20 | +6.9% |
| Financial charges | 65/66B | €4,014 | €7,418 | +€3,404 | +84.8% |
| Recurring financial charges | 65 | €4,014 | €7,418 | +€3,404 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | -€81,575 | -€55,116 | +€26,459 | +32.4% |
| Profit (loss) for the period | 9904 | -€81,575 | -€55,116 | +€26,459 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,575 | -€55,116 | +€26,459 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.