MORTIER CONSULT: 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 CONSULT
Largest movements
- Cash +€71,509
up €71,509 (+160%), from €44,662 to €116,170
mainly Other debts (+€136,890) and Net result for the year (+€91,271)
- Tangible fixed assets -€40,428
down €40,428 (-12.5%), from €323,377 to €282,950
- Receivables within one year +€15,289
up €15,289 (+26.4%), from €57,877 to €73,166
of which Trade receivables: +€14,555
- Other debts +€136,890
up €136,890 (+171%), from €80,256 to €217,146
- Reserves -€92,939
down €92,939 (-20.7%), from €449,049 to €356,109
- Tax, wage and social debts +€20,664
up €20,664 (+267%), from €7,743 to €28,408
of which Taxes: +€20,339
- Debts after one year -€17,827
down €17,827 (-49.0%), from €36,380 to €18,553
- Gross operating margin +€19,990
up €19,990 (+11.9%), from €167,362 to €187,353
- Taxes +€5,489
up €5,489 (+13.1%), from €41,931 to €47,420
- Financial charges +€4,285
up €4,285 (+617%), from €695 to €4,979
- Depreciation +€4,195
up €4,195 (+10.9%), from €38,320 to €42,515
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 | €611,653 | €659,294 | +€47,641 | +7.8% |
| Fixed assets | 21/28 | €333,377 | €292,950 | -€40,428 | -12.1% |
| Tangible fixed assets | 22/27 | €323,377 | €282,950 | -€40,428 | -12.5% |
| Land and buildings | 22 | €184,487 | €178,065 | -€6,422 | -3.5% |
| Plant, machinery and equipment | 23 | €71,722 | €52,024 | -€19,697 | -27.5% |
| Furniture and vehicles | 24 | €67,168 | €52,860 | -€14,308 | -21.3% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €278,276 | €366,344 | +€88,069 | +31.6% |
| Amounts receivable within one year | 40/41 | €57,877 | €73,166 | +€15,289 | +26.4% |
| Trade receivables | 40 | €57,571 | €72,126 | +€14,555 | +25.3% |
| Other amounts receivable | 41 | €306 | €1,040 | +€734 | +240% |
| Current investments | 50/53 | €175,000 | €175,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,662 | €116,170 | +€71,509 | +160% |
| Deferred charges and accrued income | 490/1 | €737 | €2,008 | +€1,271 | +172% |
| Total equity and liabilities | 10/49 | €611,653 | €659,294 | +€47,641 | +7.8% |
| Equity | 10/15 | €467,649 | €374,709 | -€92,939 | -19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €449,049 | €356,109 | -€92,939 | -20.7% |
| Distributable reserves | 133 | €449,049 | €356,109 | -€92,939 | -20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,004 | €284,585 | +€140,580 | +97.6% |
| Amounts payable after more than one year | 17 | €36,380 | €18,553 | -€17,827 | -49.0% |
| Financial debts | 170/4 | €36,380 | €18,553 | -€17,827 | -49.0% |
| Amounts payable within one year | 42/48 | €107,625 | €266,032 | +€158,407 | +147% |
| Current portion of amounts payable after more than one year | 42 | €18,937 | €17,827 | -€1,110 | -5.9% |
| Trade debts | 44 | €688 | €2,651 | +€1,962 | +285% |
| Suppliers | 440/4 | €688 | €2,651 | +€1,962 | +285% |
| Taxes, remuneration and social security | 45 | €7,743 | €28,408 | +€20,664 | +267% |
| Taxes | 450/3 | €5,793 | €26,133 | +€20,339 | +351% |
| Remuneration and social security | 454/9 | €1,950 | €2,275 | +€325 | +16.7% |
| Other amounts payable | 47/48 | €80,256 | €217,146 | +€136,890 | +171% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,773 | €0 | -€6,773 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,320 | €42,515 | +€4,195 | +10.9% |
| Other operating charges | 640/8 | €2,399 | €1,292 | -€1,107 | -46.1% |
| Gross operating margin | 9900 | €167,362 | €187,353 | +€19,990 | +11.9% |
| Operating profit (loss) | 9901 | €126,643 | €143,546 | +€16,902 | +13.3% |
| Financial income | 75/76B | €48 | €125 | +€76 | +158% |
| Recurring financial income | 75 | €48 | €125 | +€76 | +158% |
| Financial charges | 65/66B | €695 | €4,979 | +€4,285 | +617% |
| Recurring financial charges | 65 | €695 | €4,979 | +€4,285 | +617% |
| Profit (loss) for the period before taxes | 9903 | €125,997 | €138,691 | +€12,694 | +10.1% |
| Income taxes | 67/77 | €41,931 | €47,420 | +€5,489 | +13.1% |
| Profit (loss) for the period | 9904 | €84,066 | €91,271 | +€7,205 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,066 | €91,271 | +€7,205 | +8.6% |
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 18 October 2026 via checked.be.