DR. ANN MORTIER: what changed
DR. ANN MORTIER
Largest movements
- Cash -€59,280
down €59,280 (-18.1%), from €327,795 to €268,515
mainly Contributions, distributions and other (-€45,706) and Current investments (-€29,268)
- Current investments +€29,268
new in 2025: €29,268
- Receivables within one year -€6,548
down €6,548 (-75.8%), from €8,644 to €2,096
- Tangible fixed assets -€5,339
down €5,339 (-48.1%), from €11,104 to €5,765
- Reserves -€21,504
down €21,504 (-8.4%), from €257,019 to €235,515
- Other debts -€19,940
down €19,940 (-27.8%), from €71,668 to €51,728
- Gross operating margin +€5,103
up €5,103 (+11.9%), from €42,876 to €47,979
- Other operating charges +€2,712
up €2,712 (+203%), from €1,335 to €4,047
- Taxes +€1,493
up €1,493 (+12.7%), from €11,782 to €13,275
- Depreciation -€1,046
down €1,046 (-16.4%), from €6,385 to €5,339
- Financial charges +€1,040
up €1,040 (+78.9%), from €1,319 to €2,359
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €353,832 | €309,442 | -€44,390 | -12.5% |
| Fixed assets | 21/28 | €11,104 | €5,765 | -€5,339 | -48.1% |
| Tangible fixed assets | 22/27 | €11,104 | €5,765 | -€5,339 | -48.1% |
| Furniture and vehicles | 24 | €11,104 | €5,765 | -€5,339 | -48.1% |
| Current assets | 29/58 | €342,728 | €303,676 | -€39,052 | -11.4% |
| Amounts receivable within one year | 40/41 | €8,644 | €2,096 | -€6,548 | -75.8% |
| Other amounts receivable | 41 | €8,644 | €2,096 | -€6,548 | -75.8% |
| Current investments | 50/53 | - | €29,268 | +€29,268 | |
| Cash at bank and in hand | 54/58 | €327,795 | €268,515 | -€59,280 | -18.1% |
| Deferred charges and accrued income | 490/1 | €6,289 | €3,797 | -€2,492 | -39.6% |
| Total equity and liabilities | 10/49 | €353,832 | €309,442 | -€44,390 | -12.5% |
| Equity | 10/15 | €269,419 | €247,915 | -€21,504 | -8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €257,019 | €235,515 | -€21,504 | -8.4% |
| Distributable reserves | 133 | €257,019 | €235,515 | -€21,504 | -8.4% |
| Amounts payable | 17/49 | €84,412 | €61,527 | -€22,886 | -27.1% |
| Amounts payable within one year | 42/48 | €81,504 | €59,357 | -€22,148 | -27.2% |
| Financial debts | 43 | €6,778 | €5,079 | -€1,699 | -25.1% |
| Credit institutions | 430/8 | €6,778 | €5,079 | -€1,699 | -25.1% |
| Trade debts | 44 | €3,058 | €2,550 | -€509 | -16.6% |
| Suppliers | 440/4 | €3,058 | €2,550 | -€509 | -16.6% |
| Other amounts payable | 47/48 | €71,668 | €51,728 | -€19,940 | -27.8% |
| Accrued charges and deferred income | 492/3 | €2,908 | €2,170 | -€738 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,385 | €5,339 | -€1,046 | -16.4% |
| Other operating charges | 640/8 | €1,335 | €4,047 | +€2,712 | +203% |
| Gross operating margin | 9900 | €42,876 | €47,979 | +€5,103 | +11.9% |
| Operating profit (loss) | 9901 | €35,156 | €38,594 | +€3,438 | +9.8% |
| Financial income | 75/76B | €1,353 | €1,242 | -€111 | -8.2% |
| Recurring financial income | 75 | €1,353 | €1,242 | -€111 | -8.2% |
| Financial charges | 65/66B | €1,319 | €2,359 | +€1,040 | +78.9% |
| Recurring financial charges | 65 | €1,319 | €2,359 | +€1,040 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | €35,190 | €37,477 | +€2,287 | +6.5% |
| Income taxes | 67/77 | €11,782 | €13,275 | +€1,493 | +12.7% |
| Profit (loss) for the period | 9904 | €23,408 | €24,202 | +€794 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,408 | €24,202 | +€794 | +3.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.