MORDIA: 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.
MORDIA
Largest movements
- Cash +€12,962
up €12,962 (+68.6%), from €18,883 to €31,845
mainly Net result for the year (+€54,983) and Tax, wage and social debts (+€2,697)
- Tangible fixed assets +€2,736
up €2,736 (+40.1%), from €6,821 to €9,557
of which Furniture and vehicles: +€3,576
- Receivables within one year +€554
up €554 (+6.7%), from €8,292 to €8,846
of which Other amounts receivable: +€8,846
- Profit (loss) carried forward +€54,983
up €54,983 (+58.6%), from -€93,890 to -€38,907
- Debts after one year -€25,108
down €25,108 (-54.2%), from €46,332 to €21,225
- Trade debts -€8,335
down €8,335 (-28.9%), from €28,825 to €20,490
- Other debts -€8,261
down €8,261 (-95.5%), from €8,654 to €394
- Tax, wage and social debts +€2,697
up €2,697 (+44.2%), from €6,105 to €8,801
of which Taxes: +€2,376
- Gross operating margin +€16,854
up €16,854 (+12.2%), from €138,281 to €155,134
- Staff costs -€7,237
down €7,237 (-7.2%), from €99,853 to €92,615
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 | €36,113 | €52,510 | +€16,396 | +45.4% |
| Fixed assets | 21/28 | €7,271 | €10,007 | +€2,736 | +37.6% |
| Tangible fixed assets | 22/27 | €6,821 | €9,557 | +€2,736 | +40.1% |
| Plant, machinery and equipment | 23 | €4,288 | €3,447 | -€840 | -19.6% |
| Furniture and vehicles | 24 | €2,533 | €6,110 | +€3,576 | +141% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €28,843 | €42,503 | +€13,660 | +47.4% |
| Stocks and contracts in progress | 3 | €1,668 | €1,515 | -€154 | -9.2% |
| Stocks | 30/36 | €1,668 | €1,515 | -€154 | -9.2% |
| Amounts receivable within one year | 40/41 | €8,292 | €8,846 | +€554 | +6.7% |
| Trade receivables | 40 | €8,292 | - | -€8,292 | |
| Other amounts receivable | 41 | - | €8,846 | +€8,846 | |
| Cash at bank and in hand | 54/58 | €18,883 | €31,845 | +€12,962 | +68.6% |
| Deferred charges and accrued income | 490/1 | - | €298 | +€298 | |
| Total equity and liabilities | 10/49 | €36,113 | €52,510 | +€16,396 | +45.4% |
| Equity | 10/15 | -€80,565 | -€25,582 | +€54,983 | +68.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €925 | €925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €925 | €925 | = | 0.0% |
| Reserves not available under the articles | 1311 | €925 | €925 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,890 | -€38,907 | +€54,983 | +58.6% |
| Amounts payable | 17/49 | €116,678 | €78,092 | -€38,586 | -33.1% |
| Amounts payable after more than one year | 17 | €46,332 | €21,225 | -€25,108 | -54.2% |
| Financial debts | 170/4 | €46,332 | €21,225 | -€25,108 | -54.2% |
| Amounts payable within one year | 42/48 | €70,346 | €56,867 | -€13,479 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €26,762 | €27,182 | +€420 | +1.6% |
| Trade debts | 44 | €28,825 | €20,490 | -€8,335 | -28.9% |
| Suppliers | 440/4 | €28,825 | €20,490 | -€8,335 | -28.9% |
| Taxes, remuneration and social security | 45 | €6,105 | €8,801 | +€2,697 | +44.2% |
| Taxes | 450/3 | €1,465 | €3,842 | +€2,376 | +162% |
| Remuneration and social security | 454/9 | €4,639 | €4,960 | +€320 | +6.9% |
| Other amounts payable | 47/48 | €8,654 | €394 | -€8,261 | -95.5% |
| Remuneration, social security and pensions | 62 | €99,853 | €92,615 | -€7,237 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,379 | €1,807 | -€572 | -24.1% |
| Other operating charges | 640/8 | €3,211 | €3,015 | -€196 | -6.1% |
| Gross operating margin | 9900 | €138,281 | €155,134 | +€16,854 | +12.2% |
| Operating profit (loss) | 9901 | €32,839 | €57,698 | +€24,859 | +75.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,568 | €2,715 | +€147 | +5.7% |
| Recurring financial charges | 65 | €2,568 | €2,715 | +€147 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €30,270 | €54,983 | +€24,713 | +81.6% |
| Profit (loss) for the period | 9904 | €30,270 | €54,983 | +€24,713 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,270 | €54,983 | +€24,713 | +81.6% |
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 22 October 2026 via checked.be.