MORDKA: 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.
MORDKA
Largest movements
- Tangible fixed assets -€702,105
down €702,105 (-100.0%), from €702,105 to €0
of which Land and buildings: -€700,925
- Cash +€368,449
up €368,449 (+667%), from €55,214 to €423,663
mainly Net result for the year (+€861,902) and Investment in fixed assets (net) (+€701,126)
- Current investments -€250,000
down €250,000 (-7.6%), from €3.3m to €3.1m
- Debts after one year -€1.5m
down €1.5m (-21.8%), from €6.7m to €5.2m
- Profit (loss) carried forward +€831,663
up €831,663 (+2,107%), from €39,464 to €871,126
- Gross operating margin +€937,290
up €937,290, from -€48,688 to €888,602
- Financial income -€97,841
down €97,841 (-58.0%), from €168,783 to €70,942
- Depreciation -€38,880
down €38,880 (-97.5%), from €39,858 to €979
- Other operating charges -€9,766
down €9,766 (-48.9%), from €19,974 to €10,208
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 | €7,606,767 | €7,037,102 | -€569,665 | -7.5% |
| Fixed assets | 21/28 | €4,194,650 | €3,492,545 | -€702,105 | -16.7% |
| Tangible fixed assets | 22/27 | €702,105 | €0 | -€702,105 | -100.0% |
| Land and buildings | 22 | €700,925 | - | -€700,925 | |
| Furniture and vehicles | 24 | €979 | €0 | -€979 | -100.0% |
| Other tangible fixed assets | 26 | €201 | - | -€201 | |
| Financial fixed assets | 28 | €3,492,545 | €3,492,545 | = | 0.0% |
| Current assets | 29/58 | €3,412,118 | €3,544,557 | +€132,440 | +3.9% |
| Amounts receivable within one year | 40/41 | €52,067 | €58,569 | +€6,502 | +12.5% |
| Trade receivables | 40 | €27,215 | €40,446 | +€13,231 | +48.6% |
| Other amounts receivable | 41 | €24,852 | €18,123 | -€6,729 | -27.1% |
| Current investments | 50/53 | €3,300,000 | €3,050,000 | -€250,000 | -7.6% |
| Cash at bank and in hand | 54/58 | €55,214 | €423,663 | +€368,449 | +667% |
| Deferred charges and accrued income | 490/1 | €4,836 | €12,325 | +€7,489 | +155% |
| Total equity and liabilities | 10/49 | €7,606,767 | €7,037,102 | -€569,665 | -7.5% |
| Equity | 10/15 | €834,335 | €1,696,236 | +€861,902 | +103% |
| Contributions | 10/11 | €750,100 | €750,100 | = | 0.0% |
| Capital | 10 | €750,100 | €750,100 | = | 0.0% |
| Issued capital | 100 | €750,100 | €750,100 | = | 0.0% |
| Reserves | 13 | €44,771 | €75,010 | +€30,239 | +67.5% |
| Non-distributable reserves | 130/1 | €44,771 | €75,010 | +€30,239 | +67.5% |
| Legal reserve | 130 | €44,771 | €75,010 | +€30,239 | +67.5% |
| Profit (loss) carried forward | 14 | €39,464 | €871,126 | +€831,663 | +2,107% |
| Amounts payable | 17/49 | €6,772,433 | €5,340,866 | -€1.4m | -21.1% |
| Amounts payable after more than one year | 17 | €6,667,806 | €5,212,595 | -€1.5m | -21.8% |
| Other amounts payable | 178/9 | €6,667,806 | €5,212,595 | -€1.5m | -21.8% |
| Amounts payable within one year | 42/48 | €73,874 | €128,271 | +€54,397 | +73.6% |
| Trade debts | 44 | €73,054 | €128,250 | +€55,196 | +75.6% |
| Suppliers | 440/4 | €73,054 | €128,250 | +€55,196 | +75.6% |
| Taxes, remuneration and social security | 45 | €799 | - | -€799 | |
| Taxes | 450/3 | €799 | - | -€799 | |
| Other amounts payable | 47/48 | €20 | €20 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €30,753 | - | -€30,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,858 | €979 | -€38,880 | -97.5% |
| Other operating charges | 640/8 | €19,974 | €10,208 | -€9,766 | -48.9% |
| Gross operating margin | 9900 | -€48,688 | €888,602 | +€937,290 | |
| Operating profit (loss) | 9901 | -€108,520 | €877,415 | +€985,935 | |
| Financial income | 75/76B | €168,783 | €70,942 | -€97,841 | -58.0% |
| Recurring financial income | 75 | €168,783 | €70,942 | -€97,841 | -58.0% |
| Financial charges | 65/66B | €84,215 | €86,456 | +€2,241 | +2.7% |
| Recurring financial charges | 65 | €84,215 | €86,456 | +€2,241 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,951 | €861,902 | +€885,853 | |
| Profit (loss) for the period | 9904 | -€23,951 | €861,902 | +€885,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,951 | €861,902 | +€885,853 |
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 27 October 2026 via checked.be.