Mortehan Consulting: 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.
Mortehan Consulting
Largest movements
- Cash +€32,241
up €32,241 (+24.1%), from €133,794 to €166,035
mainly Net result for the year (+€35,044) and Depreciation (+€237)
- Reserves +€35,044
up €35,044 (+10.0%), from €351,895 to €386,939
- Gross operating margin -€17,411
down €17,411 (-27.2%), from €64,000 to €46,589
- Taxes -€5,250
down €5,250 (-23.7%), from €22,131 to €16,881
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 | €362,875 | €395,408 | +€32,533 | +9.0% |
| Fixed assets | 21/28 | €237 | - | -€237 | |
| Tangible fixed assets | 22/27 | €237 | - | -€237 | |
| Furniture and vehicles | 24 | €237 | - | -€237 | |
| Current assets | 29/58 | €362,638 | €395,408 | +€32,770 | +9.0% |
| Amounts receivable after more than one year | 29 | €215,000 | €215,000 | = | 0.0% |
| Other amounts receivable | 291 | €215,000 | €215,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,439 | €13,910 | +€471 | +3.5% |
| Other amounts receivable | 41 | €13,439 | €13,910 | +€471 | +3.5% |
| Cash at bank and in hand | 54/58 | €133,794 | €166,035 | +€32,241 | +24.1% |
| Deferred charges and accrued income | 490/1 | €405 | €464 | +€59 | +14.5% |
| Total equity and liabilities | 10/49 | €362,875 | €395,408 | +€32,533 | +9.0% |
| Equity | 10/15 | €358,095 | €393,139 | +€35,044 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €351,895 | €386,939 | +€35,044 | +10.0% |
| Distributable reserves | 133 | €351,895 | €386,939 | +€35,044 | +10.0% |
| Amounts payable | 17/49 | €4,780 | €2,269 | -€2,512 | -52.5% |
| Amounts payable within one year | 42/48 | €3,205 | €869 | -€2,337 | -72.9% |
| Trade debts | 44 | €316 | €220 | -€96 | -30.3% |
| Suppliers | 440/4 | €316 | €220 | -€96 | -30.3% |
| Taxes, remuneration and social security | 45 | €2,890 | €649 | -€2,241 | -77.5% |
| Taxes | 450/3 | €2,890 | €649 | -€2,241 | -77.5% |
| Accrued charges and deferred income | 492/3 | €1,575 | €1,400 | -€175 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €237 | -€40 | -14.5% |
| Other operating charges | 640/8 | €916 | €939 | +€23 | +2.5% |
| Gross operating margin | 9900 | €64,000 | €46,589 | -€17,411 | -27.2% |
| Operating profit (loss) | 9901 | €62,806 | €45,413 | -€17,393 | -27.7% |
| Financial income | 75/76B | €6,149 | €6,650 | +€501 | +8.1% |
| Recurring financial income | 75 | €6,149 | €6,650 | +€501 | +8.1% |
| Financial charges | 65/66B | €138 | €138 | -€0 | -0.1% |
| Recurring financial charges | 65 | €138 | €138 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €68,817 | €51,925 | -€16,892 | -24.5% |
| Income taxes | 67/77 | €22,131 | €16,881 | -€5,250 | -23.7% |
| Profit (loss) for the period | 9904 | €46,686 | €35,044 | -€11,642 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,686 | €35,044 | -€11,642 | -24.9% |
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 25 October 2026 via checked.be.