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
- Receivables within one year +€11,706
up €11,706 (+12.8%), from €91,783 to €103,489
of which Other amounts receivable: +€11,601
- Cash -€4,725
down €4,725 (-31.7%), from €14,885 to €10,160
mainly Receivables within one year (-€11,706) and Short-term financial debts (-€5,114)
- Reserves +€10,360
up €10,360 (+14.7%), from €70,340 to €80,700
of which Distributable reserves: +€10,360
- Short-term financial debts -€5,114
down €5,114 (-100.0%), from €5,114 to €0
- Gross operating margin -€16,768
down €16,768 (-55.3%), from €30,316 to €13,548
- Taxes -€5,367
down €5,367 (-55.7%), from €9,628 to €4,260
- Financial charges -€578
down €578 (-51.8%), from €1,116 to €538
- Other operating charges +€425
up €425 (+74.9%), from €567 to €992
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 | €108,952 | €115,350 | +€6,398 | +5.9% |
| Fixed assets | 21/28 | €1,834 | €1,252 | -€583 | -31.8% |
| Tangible fixed assets | 22/27 | €1,820 | €1,237 | -€583 | -32.0% |
| Plant, machinery and equipment | 23 | €1,170 | €830 | -€340 | -29.0% |
| Furniture and vehicles | 24 | €650 | €407 | -€243 | -37.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €14 | €14 | = | 0.0% |
| Current assets | 29/58 | €107,118 | €114,099 | +€6,981 | +6.5% |
| Amounts receivable within one year | 40/41 | €91,783 | €103,489 | +€11,706 | +12.8% |
| Trade receivables | 40 | €37,514 | €37,619 | +€105 | +0.3% |
| Other amounts receivable | 41 | €54,269 | €65,870 | +€11,601 | +21.4% |
| Cash at bank and in hand | 54/58 | €14,885 | €10,160 | -€4,725 | -31.7% |
| Deferred charges and accrued income | 490/1 | €450 | €450 | = | 0.0% |
| Total equity and liabilities | 10/49 | €108,952 | €115,350 | +€6,398 | +5.9% |
| Equity | 10/15 | €97,454 | €107,814 | +€10,360 | +10.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €70,340 | €80,700 | +€10,360 | +14.7% |
| Tax-exempt reserves | 132 | €27,500 | €27,500 | = | 0.0% |
| Distributable reserves | 133 | €42,841 | €53,201 | +€10,360 | +24.2% |
| Profit (loss) carried forward | 14 | €8,522 | €8,522 | = | 0.0% |
| Amounts payable | 17/49 | €11,498 | €7,536 | -€3,962 | -34.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €11,498 | €7,536 | -€3,962 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,114 | €0 | -€5,114 | -100.0% |
| Credit institutions | 430/8 | €5,114 | €0 | -€5,114 | -100.0% |
| Trade debts | 44 | €2,667 | €3,276 | +€609 | +22.8% |
| Suppliers | 440/4 | €2,667 | €3,276 | +€609 | +22.8% |
| Taxes, remuneration and social security | 45 | €3,718 | €4,260 | +€543 | +14.6% |
| Taxes | 450/3 | €3,718 | €4,260 | +€543 | +14.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €562 | €0 | -€562 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €583 | +€164 | +39.2% |
| Other operating charges | 640/8 | €567 | €992 | +€425 | +74.9% |
| Non-recurring operating charges | 66A | €189 | €0 | -€189 | -100.0% |
| Gross operating margin | 9900 | €30,316 | €13,548 | -€16,768 | -55.3% |
| Operating profit (loss) | 9901 | €29,140 | €11,973 | -€17,168 | -58.9% |
| Financial income | 75/76B | €3,444 | €3,186 | -€259 | -7.5% |
| Recurring financial income | 75 | €3,444 | €3,186 | -€259 | -7.5% |
| Financial charges | 65/66B | €1,116 | €538 | -€578 | -51.8% |
| Recurring financial charges | 65 | €1,116 | €538 | -€578 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €31,469 | €14,620 | -€16,848 | -53.5% |
| Income taxes | 67/77 | €9,628 | €4,260 | -€5,367 | -55.7% |
| Profit (loss) for the period | 9904 | €21,841 | €10,360 | -€11,481 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,841 | €10,360 | -€11,481 | -52.6% |
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 10 October 2026 via checked.be.