MORTIER: 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.
MORTIER
Largest movements
- Tangible fixed assets -€55,018
down €55,018 (-95.6%), from €57,545 to €2,527
of which Furniture and vehicles: -€49,105
- Current investments -€52,552
down €52,552 (-13.1%), from €400,000 to €347,448
- Cash +€10,596
up €10,596 (+5.5%), from €191,812 to €202,408
mainly Current investments (+€52,552) and Investment in fixed assets (net) (+€45,834)
- Receivables within one year +€10,183
up €10,183 (+13.6%), from €74,918 to €85,102
of which Other amounts receivable: +€20,264
- Debts after one year -€73,596
down €73,596 (-38.9%), from €189,097 to €115,501
- Current portion of long-term debt -€20,560
down €20,560 (-35.2%), from €58,479 to €37,919
- Reserves +€18,809
up €18,809 (+4.1%), from €454,394 to €473,202
of which Distributable reserves: +€18,809
- Trade debts -€8,704
down €8,704 (-57.6%), from €15,116 to €6,412
- Gross operating margin -€315,620
down €315,620 (-89.2%), from €353,805 to €38,185
- Taxes -€81,798
down €81,798 (-88.9%), from €92,053 to €10,256
- Staff costs +€15,457
up €15,457, from -€15,110 to €347
- Depreciation -€13,435
down €13,435 (-58.7%), from €22,869 to €9,434
- Financial income +€10,212
up €10,212 (+249%), from €4,095 to €14,307
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 | €783,538 | €697,064 | -€86,474 | -11.0% |
| Fixed assets | 21/28 | €57,795 | €2,527 | -€55,268 | -95.6% |
| Tangible fixed assets | 22/27 | €57,545 | €2,527 | -€55,018 | -95.6% |
| Land and buildings | 22 | €5,913 | €0 | -€5,913 | -100% |
| Furniture and vehicles | 24 | €51,632 | €2,527 | -€49,105 | -95.1% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100% |
| Current assets | 29/58 | €725,743 | €694,538 | -€31,206 | -4.3% |
| Amounts receivable after more than one year | 29 | €57,168 | €57,168 | = | 0.0% |
| Other amounts receivable | 291 | €57,168 | €57,168 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,918 | €85,102 | +€10,183 | +13.6% |
| Trade receivables | 40 | €16,096 | €6,016 | -€10,080 | -62.6% |
| Other amounts receivable | 41 | €58,822 | €79,086 | +€20,264 | +34.4% |
| Current investments | 50/53 | €400,000 | €347,448 | -€52,552 | -13.1% |
| Cash at bank and in hand | 54/58 | €191,812 | €202,408 | +€10,596 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,844 | €2,411 | +€567 | +30.8% |
| Total equity and liabilities | 10/49 | €783,538 | €697,064 | -€86,474 | -11.0% |
| Equity | 10/15 | €472,986 | €491,794 | +€18,809 | +4.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €454,394 | €473,202 | +€18,809 | +4.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €452,534 | €471,343 | +€18,809 | +4.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €310,552 | €205,270 | -€105,282 | -33.9% |
| Amounts payable after more than one year | 17 | €189,097 | €115,501 | -€73,596 | -38.9% |
| Financial debts | 170/4 | €189,097 | €115,501 | -€73,596 | -38.9% |
| Amounts payable within one year | 42/48 | €121,455 | €89,769 | -€31,686 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €58,479 | €37,919 | -€20,560 | -35.2% |
| Trade debts | 44 | €15,116 | €6,412 | -€8,704 | -57.6% |
| Suppliers | 440/4 | €15,116 | €6,412 | -€8,704 | -57.6% |
| Advances received on contracts in progress | 46 | €5,036 | €0 | -€5,036 | -100% |
| Taxes, remuneration and social security | 45 | €12,824 | €15,438 | +€2,614 | +20.4% |
| Taxes | 450/3 | €12,824 | €15,438 | +€2,614 | +20.4% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Non-recurring operating income | 76A | €418,337 | €0 | -€418,337 | -100% |
| Remuneration, social security and pensions | 62 | -€15,110 | €347 | +€15,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,869 | €9,434 | -€13,435 | -58.7% |
| Other operating charges | 640/8 | €4,727 | €2,495 | -€2,232 | -47.2% |
| Non-recurring operating charges | 66A | - | €2,609 | +€2,609 | |
| Gross operating margin | 9900 | €353,805 | €38,185 | -€315,620 | -89.2% |
| Operating profit (loss) | 9901 | €341,319 | €23,301 | -€318,018 | -93.2% |
| Financial income | 75/76B | €4,095 | €14,307 | +€10,212 | +249% |
| Recurring financial income | 75 | €4,095 | €14,307 | +€10,212 | +249% |
| Financial charges | 65/66B | €11,037 | €8,543 | -€2,494 | -22.6% |
| Recurring financial charges | 65 | €6,287 | €6,801 | +€514 | +8.2% |
| Non-recurring financial charges | 66B | €4,750 | €1,742 | -€3,008 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €334,377 | €29,064 | -€305,313 | -91.3% |
| Income taxes | 67/77 | €92,053 | €10,256 | -€81,798 | -88.9% |
| Profit (loss) for the period | 9904 | €242,324 | €18,809 | -€223,515 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €242,324 | €18,809 | -€223,515 | -92.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.