MORTIER: 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.
MORTIER
Largest movements
- Receivables within one year +€215,138
up €215,138 (+77.7%), from €276,819 to €491,956
of which Other amounts receivable: +€213,158
- Cash -€107,134
down €107,134 (-83.1%), from €128,851 to €21,717
mainly Receivables within one year (-€215,138) and Smaller working-capital items (-€145)
- Reserves +€55,041
up €55,041 (+4.9%), from €1.1m to €1.2m
of which Distributable reserves: +€55,041
- Other debts +€29,268
up €29,268 (+2.7%), from €1.1m to €1.1m
- Financial charges +€42,918
up €42,918 (+178826.2%), from €24 to €42,942
- Gross operating margin +€39,084
up €39,084 (+30.1%), from €129,867 to €168,951
- Taxes +€4,615
up €4,615 (+19.8%), from €23,255 to €27,870
- Depreciation +€3,432
up €3,432 (+16.8%), from €20,407 to €23,839
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 | €2,485,306 | €2,569,470 | +€84,164 | +3.4% |
| Fixed assets | 21/28 | €2,079,636 | €2,055,797 | -€23,839 | -1.1% |
| Tangible fixed assets | 22/27 | €1,479,636 | €1,455,797 | -€23,839 | -1.6% |
| Land and buildings | 22 | €575,704 | €1,452,492 | +€876,788 | +152.3% |
| Plant, machinery and equipment | 23 | €3,932 | €3,304 | -€628 | -16.0% |
| Other tangible fixed assets | 26 | €900,000 | - | -€900,000 | |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €405,670 | €513,673 | +€108,003 | +26.6% |
| Amounts receivable within one year | 40/41 | €276,819 | €491,956 | +€215,138 | +77.7% |
| Trade receivables | 40 | - | €1,980 | +€1,980 | |
| Other amounts receivable | 41 | €276,819 | €489,976 | +€213,158 | +77.0% |
| Cash at bank and in hand | 54/58 | €128,851 | €21,717 | -€107,134 | -83.1% |
| Total equity and liabilities | 10/49 | €2,485,306 | €2,569,470 | +€84,164 | +3.4% |
| Equity | 10/15 | €1,398,543 | €1,453,584 | +€55,041 | +3.9% |
| Contributions | 10/11 | €261,991 | €261,991 | = | 0.0% |
| Revaluation surpluses | 12 | €10,082 | €10,082 | = | 0.0% |
| Reserves | 13 | €1,126,470 | €1,181,511 | +€55,041 | +4.9% |
| Tax-exempt reserves | 132 | €14,959 | €14,959 | = | 0.0% |
| Distributable reserves | 133 | €1,111,511 | €1,166,552 | +€55,041 | +5.0% |
| Amounts payable | 17/49 | €1,086,763 | €1,115,886 | +€29,123 | +2.7% |
| Amounts payable within one year | 42/48 | €1,086,763 | €1,115,886 | +€29,123 | +2.7% |
| Trade debts | 44 | - | €236 | +€236 | |
| Suppliers | 440/4 | - | €236 | +€236 | |
| Taxes, remuneration and social security | 45 | €13,533 | €13,151 | -€381 | -2.8% |
| Taxes | 450/3 | €13,533 | €13,151 | -€381 | -2.8% |
| Other amounts payable | 47/48 | €1,073,231 | €1,102,499 | +€29,268 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,407 | €23,839 | +€3,432 | +16.8% |
| Other operating charges | 640/8 | €18,074 | €19,307 | +€1,233 | +6.8% |
| Gross operating margin | 9900 | €129,867 | €168,951 | +€39,084 | +30.1% |
| Operating profit (loss) | 9901 | €91,387 | €125,805 | +€34,419 | +37.7% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €24 | €42,942 | +€42,918 | +178826.2% |
| Recurring financial charges | 65 | €24 | €42,942 | +€42,918 | +178826.2% |
| Profit (loss) for the period before taxes | 9903 | €91,363 | €82,911 | -€8,452 | -9.3% |
| Income taxes | 67/77 | €23,255 | €27,870 | +€4,615 | +19.8% |
| Profit (loss) for the period | 9904 | €68,107 | €55,041 | -€13,066 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,107 | €55,041 | -€13,066 | -19.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.