MORDICUS: 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.
MORDICUS
Largest movements
- Receivables within one year +€38,585
up €38,585 (+222%), from €17,362 to €55,947
of which Other amounts receivable: +€40,599
- Tangible fixed assets -€12,385
down €12,385 (-12.4%), from €100,031 to €87,646
of which Furniture and vehicles: -€10,350
- Cash +€7,736
up €7,736 (+700%), from €1,106 to €8,842
mainly Tax, wage and social debts (+€26,605) and Depreciation (+€12,385)
- Tax, wage and social debts +€26,605
up €26,605 (+433%), from €6,145 to €32,751
- Profit (loss) carried forward +€5,874
up €5,874, from -€5,874 to €0
- Reserves +€4,422
up €4,422 (+798%), from €554 to €4,976
- Trade debts -€1,775
down €1,775 (-46.0%), from €3,857 to €2,082
- Gross operating margin +€3,727
up €3,727 (+14.5%), from €25,710 to €29,437
- Taxes +€1,093
up €1,093 (+40.5%), from €2,700 to €3,792
- Financial income +€865
up €865 (+268%), from €322 to €1,187
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 | €120,495 | €155,621 | +€35,126 | +29.2% |
| Fixed assets | 21/28 | €100,612 | €88,227 | -€12,385 | -12.3% |
| Tangible fixed assets | 22/27 | €100,031 | €87,646 | -€12,385 | -12.4% |
| Land and buildings | 22 | €81,168 | €79,987 | -€1,181 | -1.5% |
| Plant, machinery and equipment | 23 | €3,531 | €2,676 | -€854 | -24.2% |
| Furniture and vehicles | 24 | €15,332 | €4,982 | -€10,350 | -67.5% |
| Financial fixed assets | 28 | €581 | €581 | = | 0.0% |
| Current assets | 29/58 | €19,883 | €67,394 | +€47,511 | +239% |
| Stocks and contracts in progress | 3 | €1,415 | €1,105 | -€310 | -21.9% |
| Stocks | 30/36 | €1,415 | €1,105 | -€310 | -21.9% |
| Amounts receivable within one year | 40/41 | €17,362 | €55,947 | +€38,585 | +222% |
| Trade receivables | 40 | €4,463 | €2,448 | -€2,014 | -45.1% |
| Other amounts receivable | 41 | €12,900 | €53,499 | +€40,599 | +315% |
| Cash at bank and in hand | 54/58 | €1,106 | €8,842 | +€7,736 | +700% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €120,495 | €155,621 | +€35,126 | +29.2% |
| Equity | 10/15 | €108,120 | €118,415 | +€10,296 | +9.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | €39,072 | €39,072 | = | 0.0% |
| Reserves | 13 | €554 | €4,976 | +€4,422 | +798% |
| Non-distributable reserves | 130/1 | €554 | €4,976 | +€4,422 | +798% |
| Legal reserve | 130 | €554 | €4,976 | +€4,422 | +798% |
| Profit (loss) carried forward | 14 | -€5,874 | €0 | +€5,874 | |
| Amounts payable | 17/49 | €12,375 | €37,206 | +€24,831 | +201% |
| Amounts payable within one year | 42/48 | €10,002 | €34,833 | +€24,831 | +248% |
| Trade debts | 44 | €3,857 | €2,082 | -€1,775 | -46.0% |
| Suppliers | 440/4 | €3,857 | €2,082 | -€1,775 | -46.0% |
| Taxes, remuneration and social security | 45 | €6,145 | €32,751 | +€26,605 | +433% |
| Taxes | 450/3 | €6,145 | €32,751 | +€26,605 | +433% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,373 | €2,373 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,385 | €12,385 | = | 0.0% |
| Other operating charges | 640/8 | €3,890 | €4,102 | +€212 | +5.4% |
| Gross operating margin | 9900 | €25,710 | €29,437 | +€3,727 | +14.5% |
| Operating profit (loss) | 9901 | €9,435 | €12,950 | +€3,515 | +37.3% |
| Financial income | 75/76B | €322 | €1,187 | +€865 | +268% |
| Recurring financial income | 75 | €322 | €1,187 | +€865 | +268% |
| Financial charges | 65/66B | €320 | €49 | -€271 | -84.6% |
| Recurring financial charges | 65 | €320 | €49 | -€271 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €9,437 | €14,088 | +€4,651 | +49.3% |
| Income taxes | 67/77 | €2,700 | €3,792 | +€1,093 | +40.5% |
| Profit (loss) for the period | 9904 | €6,737 | €10,296 | +€3,558 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,737 | €10,296 | +€3,558 | +52.8% |
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 14 October 2026 via checked.be.