Garage 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.
Garage Mortier
Largest movements
- Receivables within one year +€68,415
up €68,415 (+5.6%), from €1.2m to €1.3m
of which Other amounts receivable: +€78,267
- Tangible fixed assets -€61,771
down €61,771 (-47.2%), from €130,991 to €69,220
of which Other tangible fixed assets: -€46,795
- Receivables after one year -€28,197
down €28,197 (-14.1%), from €200,000 to €171,803
- Advances received +€33,438
new in 2025: €33,438
- Trade debts -€32,746
down €32,746 (-7.3%), from €449,991 to €417,244
- Profit (loss) carried forward +€30,883
up €30,883 (+10.1%), from -€306,042 to -€275,160
- Debts after one year -€30,745
down €30,745 (-36.0%), from €85,307 to €54,562
of which Financial debts: -€30,745
- Tax, wage and social debts -€21,597
down €21,597 (-21.2%), from €101,828 to €80,231
of which Remuneration and social security: -€23,120
- Staff costs -€41,804
down €41,804 (-22.2%), from €188,160 to €146,356
- Gross operating margin +€11,473
up €11,473 (+4.4%), from €261,995 to €273,468
- Other operating charges +€11,326
up €11,326 (+81.1%), from €13,973 to €25,299
- Financial charges +€9,764
up €9,764 (+21.3%), from €45,882 to €55,647
- Depreciation +€3,330
up €3,330 (+8.0%), from €41,745 to €45,075
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 | €1,836,238 | €1,817,993 | -€18,246 | -1.0% |
| Fixed assets | 21/28 | €161,188 | €98,368 | -€62,820 | -39.0% |
| Intangible fixed assets | 21 | €4,197 | €3,147 | -€1,050 | -25.0% |
| Tangible fixed assets | 22/27 | €130,991 | €69,220 | -€61,771 | -47.2% |
| Plant, machinery and equipment | 23 | €29,527 | €15,668 | -€13,858 | -46.9% |
| Furniture and vehicles | 24 | €3,097 | €1,980 | -€1,117 | -36.1% |
| Other tangible fixed assets | 26 | €98,367 | €51,572 | -€46,795 | -47.6% |
| Financial fixed assets | 28 | €26,000 | €26,000 | = | 0.0% |
| Current assets | 29/58 | €1,675,050 | €1,719,625 | +€44,575 | +2.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €171,803 | -€28,197 | -14.1% |
| Other amounts receivable | 291 | €200,000 | €171,803 | -€28,197 | -14.1% |
| Stocks and contracts in progress | 3 | €206,584 | €201,792 | -€4,792 | -2.3% |
| Stocks | 30/36 | €206,584 | €201,792 | -€4,792 | -2.3% |
| Amounts receivable within one year | 40/41 | €1,229,477 | €1,297,892 | +€68,415 | +5.6% |
| Trade receivables | 40 | €208,164 | €198,313 | -€9,851 | -4.7% |
| Other amounts receivable | 41 | €1,021,313 | €1,099,579 | +€78,267 | +7.7% |
| Cash at bank and in hand | 54/58 | €4,495 | €14,657 | +€10,162 | +226% |
| Deferred charges and accrued income | 490/1 | €34,495 | €33,481 | -€1,014 | -2.9% |
| Total equity and liabilities | 10/49 | €1,836,238 | €1,817,993 | -€18,246 | -1.0% |
| Equity | 10/15 | €560,128 | €591,011 | +€30,883 | +5.5% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €66,171 | €66,171 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,974 | €59,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€306,042 | -€275,160 | +€30,883 | +10.1% |
| Amounts payable | 17/49 | €1,276,110 | €1,226,982 | -€49,128 | -3.8% |
| Amounts payable after more than one year | 17 | €85,307 | €54,562 | -€30,745 | -36.0% |
| Financial debts | 170/4 | €84,007 | €53,262 | -€30,745 | -36.6% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,185,503 | €1,166,850 | -€18,653 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €26,418 | €27,599 | +€1,181 | +4.5% |
| Financial debts | 43 | €607,266 | €608,338 | +€1,071 | +0.2% |
| Credit institutions | 430/8 | €607,266 | €608,338 | +€1,071 | +0.2% |
| Trade debts | 44 | €449,991 | €417,244 | -€32,746 | -7.3% |
| Suppliers | 440/4 | €449,991 | €417,244 | -€32,746 | -7.3% |
| Advances received on contracts in progress | 46 | - | €33,438 | +€33,438 | |
| Taxes, remuneration and social security | 45 | €101,828 | €80,231 | -€21,597 | -21.2% |
| Taxes | 450/3 | €69,382 | €70,905 | +€1,523 | +2.2% |
| Remuneration and social security | 454/9 | €32,446 | €9,326 | -€23,120 | -71.3% |
| Accrued charges and deferred income | 492/3 | €5,300 | €5,570 | +€270 | +5.1% |
| Remuneration, social security and pensions | 62 | €188,160 | €146,356 | -€41,804 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,745 | €45,075 | +€3,330 | +8.0% |
| Other operating charges | 640/8 | €13,973 | €25,299 | +€11,326 | +81.1% |
| Non-recurring operating charges | 66A | - | €1,857 | +€1,857 | |
| Gross operating margin | 9900 | €261,995 | €273,468 | +€11,473 | +4.4% |
| Operating profit (loss) | 9901 | €18,118 | €54,881 | +€36,763 | +203% |
| Financial income | 75/76B | €34,363 | €31,798 | -€2,565 | -7.5% |
| Recurring financial income | 75 | €34,363 | €31,798 | -€2,565 | -7.5% |
| Financial charges | 65/66B | €45,882 | €55,647 | +€9,764 | +21.3% |
| Recurring financial charges | 65 | €45,882 | €55,647 | +€9,764 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €6,598 | €31,032 | +€24,434 | +370% |
| Income taxes | 67/77 | €154 | €150 | -€5 | -3.0% |
| Profit (loss) for the period | 9904 | €6,444 | €30,883 | +€24,439 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €6,444 | €30,883 | +€24,439 | +379% |
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 18 October 2026 via checked.be.