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
- Cash +€6,678
up €6,678 (+2.9%), from €229,326 to €236,004
mainly Net result for the year (+€31,468)
- Receivables within one year +€6,420
up €6,420 (+79.3%), from €8,097 to €14,517
of which Other amounts receivable: +€6,420
- Reserves +€14,320
up €14,320 (+8.0%), from €178,144 to €192,464
of which Distributable reserves: +€14,320
- Gross operating margin +€19,336
up €19,336 (+81.9%), from €23,608 to €42,944
- Taxes +€3,928
up €3,928 (+48.3%), from €8,129 to €12,056
- Financial income +€957
up €957 (+152%), from €630 to €1,588
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 | €237,486 | €250,587 | +€13,101 | +5.5% |
| Current assets | 29/58 | €237,486 | €250,587 | +€13,101 | +5.5% |
| Amounts receivable within one year | 40/41 | €8,097 | €14,517 | +€6,420 | +79.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,097 | €14,517 | +€6,420 | +79.3% |
| Cash at bank and in hand | 54/58 | €229,326 | €236,004 | +€6,678 | +2.9% |
| Deferred charges and accrued income | 490/1 | €63 | €65 | +€2 | +3.5% |
| Total equity and liabilities | 10/49 | €237,486 | €250,587 | +€13,101 | +5.5% |
| Equity | 10/15 | €224,478 | €238,797 | +€14,320 | +6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €178,144 | €192,464 | +€14,320 | +8.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €176,144 | €190,464 | +€14,320 | +8.1% |
| Profit (loss) carried forward | 14 | €26,334 | €26,334 | = | 0.0% |
| Amounts payable | 17/49 | €13,008 | €11,789 | -€1,219 | -9.4% |
| Amounts payable within one year | 42/48 | €13,008 | €11,789 | -€1,219 | -9.4% |
| Trade debts | 44 | €976 | €814 | -€162 | -16.6% |
| Suppliers | 440/4 | €976 | €814 | -€162 | -16.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,032 | €10,976 | -€1,057 | -8.8% |
| Other operating charges | 640/8 | €872 | €963 | +€91 | +10.4% |
| Gross operating margin | 9900 | €23,608 | €42,944 | +€19,336 | +81.9% |
| Operating profit (loss) | 9901 | €22,736 | €41,981 | +€19,245 | +84.6% |
| Financial income | 75/76B | €630 | €1,588 | +€957 | +152% |
| Recurring financial income | 75 | €630 | €1,588 | +€957 | +152% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €23,321 | €43,524 | +€20,203 | +86.6% |
| Income taxes | 67/77 | €8,129 | €12,056 | +€3,928 | +48.3% |
| Profit (loss) for the period | 9904 | €15,193 | €31,468 | +€16,275 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €15,193 | €31,468 | +€16,275 | +107% |
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 15 October 2026 via checked.be.