MORDICUS: what changed
Two fiscal 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
- Tangible fixed assets -€8,494
down €8,494 (-27.5%), from €30,874 to €22,380
of which Furniture and vehicles: -€8,104
- Receivables within one year +€3,772
up €3,772 (+19.7%), from €19,175 to €22,946
of which Trade receivables: +€4,572
- Cash +€3,444
up €3,444 (+38.6%), from €8,913 to €12,357
mainly Depreciation (+€9,404) and Net result for the year (+€3,207)
- Debts after one year -€3,597
no longer reported in 2025 (was €3,597)
- Profit (loss) carried forward +€3,207
up €3,207 (+37.1%), from €8,645 to €11,851
- Current portion of long-term debt -€2,569
down €2,569 (-41.7%), from €6,167 to €3,597
- Tax, wage and social debts +€2,087
up €2,087 (+21.8%), from €9,580 to €11,667
of which Taxes: +€1,983
- Staff costs +€1,049
up €1,049 (+17.2%), from €6,082 to €7,131
- Financial charges +€523
up €523 (+37.7%), from €1,388 to €1,911
- Gross operating margin -€269
down €269 (-1.1%), from €24,131 to €23,862
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,223 | €58,969 | -€1,254 | -2.1% |
| Fixed assets | 21/28 | €30,874 | €22,380 | -€8,494 | -27.5% |
| Tangible fixed assets | 22/27 | €30,874 | €22,380 | -€8,494 | -27.5% |
| Plant, machinery and equipment | 23 | €2,922 | €2,533 | -€390 | -13.3% |
| Furniture and vehicles | 24 | €27,551 | €19,447 | -€8,104 | -29.4% |
| Other tangible fixed assets | 26 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €29,349 | €36,589 | +€7,240 | +24.7% |
| Amounts receivable within one year | 40/41 | €19,175 | €22,946 | +€3,772 | +19.7% |
| Trade receivables | 40 | €16,975 | €21,546 | +€4,572 | +26.9% |
| Other amounts receivable | 41 | €2,200 | €1,400 | -€800 | -36.4% |
| Cash at bank and in hand | 54/58 | €8,913 | €12,357 | +€3,444 | +38.6% |
| Deferred charges and accrued income | 490/1 | €1,261 | €1,286 | +€25 | +2.0% |
| Total equity and liabilities | 10/49 | €60,223 | €58,969 | -€1,254 | -2.1% |
| Equity | 10/15 | €31,745 | €34,951 | +€3,207 | +10.1% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | - | -€2,100 | |
| Reserves not available under the articles | 1311 | €2,100 | - | -€2,100 | |
| Distributable reserves | 133 | - | €2,100 | +€2,100 | |
| Profit (loss) carried forward | 14 | €8,645 | €11,851 | +€3,207 | +37.1% |
| Amounts payable | 17/49 | €28,478 | €24,018 | -€4,461 | -15.7% |
| Amounts payable after more than one year | 17 | €3,597 | - | -€3,597 | |
| Financial debts | 170/4 | €3,597 | - | -€3,597 | |
| Amounts payable within one year | 42/48 | €24,881 | €24,018 | -€863 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €6,167 | €3,597 | -€2,569 | -41.7% |
| Trade debts | 44 | €3,434 | €2,970 | -€464 | -13.5% |
| Suppliers | 440/4 | €3,434 | €2,970 | -€464 | -13.5% |
| Taxes, remuneration and social security | 45 | €9,580 | €11,667 | +€2,087 | +21.8% |
| Taxes | 450/3 | €5,494 | €7,477 | +€1,983 | +36.1% |
| Remuneration and social security | 454/9 | €4,085 | €4,190 | +€105 | +2.6% |
| Other amounts payable | 47/48 | €5,700 | €5,783 | +€83 | +1.5% |
| Remuneration, social security and pensions | 62 | €6,082 | €7,131 | +€1,049 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,445 | €9,404 | -€41 | -0.4% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.3% |
| Gross operating margin | 9900 | €24,131 | €23,862 | -€269 | -1.1% |
| Operating profit (loss) | 9901 | €8,093 | €6,799 | -€1,294 | -16.0% |
| Financial charges | 65/66B | €1,388 | €1,911 | +€523 | +37.7% |
| Recurring financial charges | 65 | €1,388 | €1,911 | +€523 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €6,704 | €4,888 | -€1,817 | -27.1% |
| Income taxes | 67/77 | €1,508 | €1,681 | +€173 | +11.5% |
| Profit (loss) for the period | 9904 | €5,197 | €3,207 | -€1,990 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,197 | €3,207 | -€1,990 | -38.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.