MORTIER - AGRI: 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.
What changed
MORTIER - AGRI
NACE 46.610, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,803
2024 · €65,691-€34,888
Equity
€932,133
2024 · €901,330+€30,803
Cash
€74,449
2024 · €241,300-€166,851
Balance sheet total
€6.8m
2024 · €6.1m+€698,210
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+28.1%), from €4.5m to €5.8m
- Receivables within one year -€357,750
down €357,750 (-30.2%), from €1.2m to €825,194
of which Trade receivables: -€366,906
- Cash -€166,851
down €166,851 (-69.1%), from €241,300 to €74,449
mainly Stocks and contracts (-€1.3m) and Tax, wage and social debts (-€59,321)
Equity and liabilities
- Trade debts +€472,898
up €472,898 (+83.1%), from €569,083 to €1.0m
- Other debts +€162,861
up €162,861 (+10.5%), from €1.5m to €1.7m
- Short-term financial debts +€135,000
up €135,000 (+4.7%), from €2.9m to €3.0m
Income statement
- Gross operating margin -€76,756
down €76,756 (-10.8%), from €708,344 to €631,588
- Financial charges -€57,890
down €57,890 (-26.9%), from €215,575 to €157,685
- Staff costs +€52,744
up €52,744 (+17.2%), from €306,865 to €359,609
- Taxes -€13,437
down €13,437 (-49.9%), from €26,947 to €13,510
- Write-downs -€11,284
down €11,284 (-2,710%), from -€416 to -€11,700
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.
Result 2024
€65,691
Gross operating margin
-€76,756
Staff costs
-€52,744
Depreciation
+€7,562
Write-downs
+€11,284
Other operating charges
+€4,766
Financial income
-€325
Financial charges
+€57,890
Taxes
+€13,437
Result 2025
€30,803
raises the resultlowers the result
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.
From operations
-€261,464
Investment
-€18,282
Financing
+€112,895
Cash 2024
€241,300
From operations (derived)
-€261,464
Net result for the year
+€30,803
Depreciation
+€67,034
Stocks and contracts
-€1.3m
Receivables within one year
+€357,750
Deferred charges and accrued income
-€992
Trade debts
+€472,898
Tax, wage and social debts
-€59,321
Other debts
+€162,861
Accrued charges and deferred income
-€21,926
Investment (derived)
-€18,282
Investment in fixed assets (net)
-€18,282
Financing
+€112,895
Debts after one year
-€4,244
Current portion of long-term debt
-€17,862
Short-term financial debts
+€135,000
Cash 2025
€74,449
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,128,327 | €6,826,537 | +€698,210 | +11.4% |
| Fixed assets | 21/28 | €181,140 | €132,388 | -€48,752 | -26.9% |
| Intangible fixed assets | 21 | - | €4,297 | +€4,297 | |
| Tangible fixed assets | 22/27 | €181,140 | €128,091 | -€53,049 | -29.3% |
| Plant, machinery and equipment | 23 | €41,983 | €23,326 | -€18,657 | -44.4% |
| Furniture and vehicles | 24 | €56,058 | €44,187 | -€11,870 | -21.2% |
| Leasing and similar rights | 25 | €14,315 | €4,419 | -€9,896 | -69.1% |
| Other tangible fixed assets | 26 | €68,785 | €56,158 | -€12,626 | -18.4% |
| Current assets | 29/58 | €5,947,187 | €6,694,149 | +€746,962 | +12.6% |
| Stocks and contracts in progress | 3 | €4,515,133 | €5,785,704 | +€1.3m | +28.1% |
| Stocks | 30/36 | €4,515,133 | €5,785,704 | +€1.3m | +28.1% |
| Amounts receivable within one year | 40/41 | €1,182,944 | €825,194 | -€357,750 | -30.2% |
| Trade receivables | 40 | €1,178,685 | €811,778 | -€366,906 | -31.1% |
| Other amounts receivable | 41 | €4,260 | €13,416 | +€9,156 | +215% |
| Cash at bank and in hand | 54/58 | €241,300 | €74,449 | -€166,851 | -69.1% |
| Deferred charges and accrued income | 490/1 | €7,809 | €8,801 | +€992 | +12.7% |
| Total equity and liabilities | 10/49 | €6,128,327 | €6,826,537 | +€698,210 | +11.4% |
| Equity | 10/15 | €901,330 | €932,133 | +€30,803 | +3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €839,330 | €870,133 | +€30,803 | +3.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €833,130 | €863,933 | +€30,803 | +3.7% |
| Amounts payable | 17/49 | €5,226,997 | €5,894,404 | +€667,407 | +12.8% |
| Amounts payable after more than one year | 17 | €4,244 | €0 | -€4,244 | -100% |
| Financial debts | 170/4 | €4,244 | €0 | -€4,244 | -100% |
| Amounts payable within one year | 42/48 | €5,169,251 | €5,862,827 | +€693,576 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €23,971 | €6,109 | -€17,862 | -74.5% |
| Financial debts | 43 | €2,875,000 | €3,010,000 | +€135,000 | +4.7% |
| Credit institutions | 430/8 | €2,875,000 | €3,010,000 | +€135,000 | +4.7% |
| Trade debts | 44 | €569,083 | €1,041,981 | +€472,898 | +83.1% |
| Suppliers | 440/4 | €569,083 | €1,041,981 | +€472,898 | +83.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €152,028 | €92,707 | -€59,321 | -39.0% |
| Taxes | 450/3 | €114,201 | €48,064 | -€66,137 | -57.9% |
| Remuneration and social security | 454/9 | €37,827 | €44,643 | +€6,816 | +18.0% |
| Other amounts payable | 47/48 | €1,549,169 | €1,712,030 | +€162,861 | +10.5% |
| Accrued charges and deferred income | 492/3 | €53,503 | €31,577 | -€21,926 | -41.0% |
| Remuneration, social security and pensions | 62 | €306,865 | €359,609 | +€52,744 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,596 | €67,034 | -€7,562 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€416 | -€11,700 | -€11,284 | -2,710% |
| Other operating charges | 640/8 | €20,583 | €15,817 | -€4,766 | -23.2% |
| Gross operating margin | 9900 | €708,344 | €631,588 | -€76,756 | -10.8% |
| Operating profit (loss) | 9901 | €306,716 | €200,828 | -€105,889 | -34.5% |
| Financial income | 75/76B | €1,497 | €1,171 | -€325 | -21.7% |
| Recurring financial income | 75 | €1,497 | €1,171 | -€325 | -21.7% |
| Financial charges | 65/66B | €215,575 | €157,685 | -€57,890 | -26.9% |
| Recurring financial charges | 65 | €215,575 | €157,685 | -€57,890 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €92,638 | €44,314 | -€48,325 | -52.2% |
| Income taxes | 67/77 | €26,947 | €13,510 | -€13,437 | -49.9% |
| Profit (loss) for the period | 9904 | €65,691 | €30,803 | -€34,888 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,691 | €30,803 | -€34,888 | -53.1% |
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 26 October 2026 via checked.be.