EXPERT DU 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.
EXPERT DU MORTIER
Largest movements
- Receivables within one year +€20,955
up €20,955 (+156%), from €13,411 to €34,366
of which Trade receivables: +€20,146
- Cash -€15,910
down €15,910 (-34.3%), from €46,373 to €30,463
mainly Receivables within one year (-€20,955) and Trade debts (-€1,584)
- Profit (loss) carried forward +€5,025
up €5,025 (+12.0%), from €41,861 to €46,886
- Other debts +€3,214
up €3,214 (+155%), from €2,075 to €5,289
- Trade debts -€1,584
down €1,584 (-60.8%), from €2,606 to €1,022
- Tax, wage and social debts -€1,060
down €1,060 (-9.0%), from €11,716 to €10,656
- Gross operating margin -€18,502
down €18,502 (-68.6%), from €26,960 to €8,458
- Taxes -€3,798
down €3,798 (-65.5%), from €5,803 to €2,005
- Depreciation +€288
up €288 (+64.9%), from €444 to €732
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 | €60,258 | €65,853 | +€5,595 | +9.3% |
| Fixed assets | 21/28 | €474 | €1,024 | +€550 | +116% |
| Tangible fixed assets | 22/27 | €474 | €1,024 | +€550 | +116% |
| Plant, machinery and equipment | 23 | €474 | €1,024 | +€550 | +116% |
| Current assets | 29/58 | €59,784 | €64,829 | +€5,045 | +8.4% |
| Amounts receivable within one year | 40/41 | €13,411 | €34,366 | +€20,955 | +156% |
| Trade receivables | 40 | €13,411 | €33,558 | +€20,146 | +150% |
| Other amounts receivable | 41 | - | €808 | +€808 | |
| Cash at bank and in hand | 54/58 | €46,373 | €30,463 | -€15,910 | -34.3% |
| Total equity and liabilities | 10/49 | €60,258 | €65,853 | +€5,595 | +9.3% |
| Equity | 10/15 | €43,861 | €48,886 | +€5,025 | +11.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,861 | €46,886 | +€5,025 | +12.0% |
| Amounts payable | 17/49 | €16,397 | €16,967 | +€570 | +3.5% |
| Amounts payable within one year | 42/48 | €16,397 | €16,967 | +€570 | +3.5% |
| Trade debts | 44 | €2,606 | €1,022 | -€1,584 | -60.8% |
| Suppliers | 440/4 | €2,606 | €1,022 | -€1,584 | -60.8% |
| Taxes, remuneration and social security | 45 | €11,716 | €10,656 | -€1,060 | -9.0% |
| Taxes | 450/3 | €11,716 | €10,656 | -€1,060 | -9.0% |
| Other amounts payable | 47/48 | €2,075 | €5,289 | +€3,214 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €732 | +€288 | +64.9% |
| Other operating charges | 640/8 | €476 | €544 | +€69 | +14.4% |
| Gross operating margin | 9900 | €26,960 | €8,458 | -€18,502 | -68.6% |
| Operating profit (loss) | 9901 | €26,040 | €7,182 | -€18,859 | -72.4% |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €105 | €152 | +€47 | +44.4% |
| Recurring financial charges | 65 | €105 | €152 | +€47 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €25,936 | €7,030 | -€18,906 | -72.9% |
| Income taxes | 67/77 | €5,803 | €2,005 | -€3,798 | -65.5% |
| Profit (loss) for the period | 9904 | €20,133 | €5,025 | -€15,107 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,133 | €5,025 | -€15,107 | -75.0% |
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 26 October 2026 via checked.be.