MORDANS: 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.
What changed
MORDANS
NACE 47.279, Other retail sale of food
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5
2024 · €19,897-€19,892
Equity
€537,344
2024 · €537,339+€5
Cash
€17,224
2024 · €32,490-€15,266
Balance sheet total
€1.1m
2024 · €1.1m-€53,427
Largest movements
Assets
- Tangible fixed assets -€41,783
down €41,783 (-4.4%), from €942,821 to €901,037
of which Land and buildings: -€38,152
- Cash -€15,266
down €15,266 (-47.0%), from €32,490 to €17,224
mainly Trade debts (-€62,425) and Stocks and contracts (-€4,441)
Equity and liabilities
- Trade debts -€62,425
down €62,425 (-38.7%), from €161,106 to €98,681
Income statement
- Staff costs +€31,750
up €31,750 (+15.2%), from €209,029 to €240,779
- Gross operating margin +€8,523
up €8,523 (+3.0%), from €280,897 to €289,420
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.
Result 2024
€19,897
Gross operating margin
+€8,523
Staff costs
-€31,750
Depreciation
-€1,821
Other operating charges
+€1,175
Financial income
+€1,828
Financial charges
+€1,154
Taxes
+€999
Result 2025
€5
Cash bridge derived
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.
From operations
-€10,878
Investment
-€4,388
Financing
€0
Cash 2024
€32,490
From operations (derived)
-€10,878
Net result for the year
+€5
Depreciation
+€46,171
Stocks and contracts
-€4,441
Receivables within one year
-€1,289
Deferred charges and accrued income
+€2,108
Provisions
-€3,606
Trade debts
-€62,425
Tax, wage and social debts
+€3,121
Other debts
+€9,479
Investment (derived)
-€4,388
Investment in fixed assets (net)
-€4,388
Cash 2025
€17,224
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,113,182 | €1,059,756 | -€53,427 | -4.8% |
| Fixed assets | 21/28 | €945,080 | €903,297 | -€41,783 | -4.4% |
| Tangible fixed assets | 22/27 | €942,821 | €901,037 | -€41,783 | -4.4% |
| Land and buildings | 22 | €915,535 | €877,383 | -€38,152 | -4.2% |
| Plant, machinery and equipment | 23 | €14,824 | €13,181 | -€1,643 | -11.1% |
| Other tangible fixed assets | 26 | €12,461 | €10,473 | -€1,988 | -16.0% |
| Financial fixed assets | 28 | €2,260 | €2,260 | = | 0.0% |
| Current assets | 29/58 | €168,102 | €156,458 | -€11,643 | -6.9% |
| Stocks and contracts in progress | 3 | €122,555 | €126,996 | +€4,441 | +3.6% |
| Stocks | 30/36 | €122,555 | €126,996 | +€4,441 | +3.6% |
| Amounts receivable within one year | 40/41 | €9,194 | €10,483 | +€1,289 | +14.0% |
| Trade receivables | 40 | €4,694 | €5,983 | +€1,289 | +27.5% |
| Other amounts receivable | 41 | €4,500 | €4,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,490 | €17,224 | -€15,266 | -47.0% |
| Deferred charges and accrued income | 490/1 | €3,863 | €1,755 | -€2,108 | -54.6% |
| Total equity and liabilities | 10/49 | €1,113,182 | €1,059,756 | -€53,427 | -4.8% |
| Equity | 10/15 | €537,339 | €537,344 | +€5 | 0.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €465,541 | €454,722 | -€10,819 | -2.3% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €328,185 | €317,366 | -€10,819 | -3.3% |
| Distributable reserves | 133 | €129,356 | €129,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,202 | €2,622 | +€10,824 | |
| Provisions and deferred taxes | 16 | €109,395 | €105,789 | -€3,606 | -3.3% |
| Deferred taxes | 168 | €109,395 | €105,789 | -€3,606 | -3.3% |
| Amounts payable | 17/49 | €466,449 | €416,623 | -€49,825 | -10.7% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €266,449 | €216,623 | -€49,825 | -18.7% |
| Trade debts | 44 | €161,106 | €98,681 | -€62,425 | -38.7% |
| Suppliers | 440/4 | €161,106 | €98,681 | -€62,425 | -38.7% |
| Taxes, remuneration and social security | 45 | €51,850 | €54,971 | +€3,121 | +6.0% |
| Taxes | 450/3 | €3,896 | €2,633 | -€1,263 | -32.4% |
| Remuneration and social security | 454/9 | €47,954 | €52,337 | +€4,384 | +9.1% |
| Other amounts payable | 47/48 | €53,493 | €62,972 | +€9,479 | +17.7% |
| Non-recurring operating income | 76A | €332 | €1,578 | +€1,246 | +375.0% |
| Remuneration, social security and pensions | 62 | €209,029 | €240,779 | +€31,750 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,350 | €46,171 | +€1,821 | +4.1% |
| Other operating charges | 640/8 | €8,516 | €7,341 | -€1,175 | -13.8% |
| Gross operating margin | 9900 | €280,897 | €289,420 | +€8,523 | +3.0% |
| Operating profit (loss) | 9901 | €19,002 | -€4,871 | -€23,873 | |
| Financial income | 75/76B | €106 | €1,934 | +€1,828 | +1728.0% |
| Recurring financial income | 75 | €65 | €1,652 | +€1,587 | +2434.4% |
| Non-recurring financial income | 76B | €41 | €282 | +€242 | +595.0% |
| Financial charges | 65/66B | €1,678 | €524 | -€1,154 | -68.8% |
| Recurring financial charges | 65 | €1,678 | €524 | -€1,154 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €17,430 | -€3,461 | -€20,891 | |
| Transfer from deferred taxes | 780 | €3,606 | €3,606 | = | 0.0% |
| Income taxes | 67/77 | €1,140 | €141 | -€999 | -87.6% |
| Profit (loss) for the period | 9904 | €19,897 | €5 | -€19,892 | -100.0% |
| Transfer from tax-exempt reserves | 789 | €10,819 | €10,819 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,716 | €10,824 | -€19,892 | -64.8% |
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 12 October 2026 via checked.be.