Mortier Dirk: 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 Dirk
Largest movements
- Stocks and contracts -€662,085
down €662,085 (-63.3%), from €1.0m to €383,828
of which Stocks: -€673,585
- Tangible fixed assets +€205,487
up €205,487 (+122%), from €168,651 to €374,138
of which Plant, machinery and equipment: +€111,992
- Receivables within one year +€115,346
up €115,346 (+129%), from €89,375 to €204,721
of which Other amounts receivable: +€86,445
- Cash -€43,472
down €43,472 (-42.0%), from €103,545 to €60,073
mainly Current portion of long-term debt (-€489,009) and Investment in fixed assets (net) (-€233,132)
- Current portion of long-term debt -€489,009
down €489,009 (-93.0%), from €525,942 to €36,934
- Other debts +€72,577
up €72,577 (+18.4%), from €394,927 to €467,505
- Tax, wage and social debts +€53,098
up €53,098 (+81.4%), from €65,200 to €118,298
of which Taxes: +€49,025
- Trade debts -€36,884
down €36,884 (-27.7%), from €133,305 to €96,422
- Financial charges -€16,987
down €16,987 (-39.8%), from €42,681 to €25,693
- Gross operating margin -€14,812
down €14,812 (-9.4%), from €157,426 to €142,613
- Depreciation +€10,865
up €10,865 (+64.7%), from €16,780 to €27,645
- Other operating charges +€3,428
up €3,428 (+152%), from €2,249 to €5,676
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 | €1,414,514 | €1,023,209 | -€391,304 | -27.7% |
| Fixed assets | 21/28 | €169,101 | €374,587 | +€205,487 | +122% |
| Tangible fixed assets | 22/27 | €168,651 | €374,138 | +€205,487 | +122% |
| Land and buildings | 22 | €105,967 | €102,844 | -€3,123 | -2.9% |
| Plant, machinery and equipment | 23 | €1,178 | €113,170 | +€111,992 | +9,506% |
| Furniture and vehicles | 24 | €55,760 | €153,528 | +€97,768 | +175% |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Other tangible fixed assets | 26 | €5,745 | €4,596 | -€1,149 | -20.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €1,245,413 | €648,622 | -€596,791 | -47.9% |
| Stocks and contracts in progress | 3 | €1,045,913 | €383,828 | -€662,085 | -63.3% |
| Stocks | 30/36 | €734,913 | €61,328 | -€673,585 | -91.7% |
| Contracts in progress | 37 | €311,000 | €322,500 | +€11,500 | +3.7% |
| Amounts receivable within one year | 40/41 | €89,375 | €204,721 | +€115,346 | +129% |
| Trade receivables | 40 | €73,174 | €102,075 | +€28,901 | +39.5% |
| Other amounts receivable | 41 | €16,201 | €102,646 | +€86,445 | +534% |
| Cash at bank and in hand | 54/58 | €103,545 | €60,073 | -€43,472 | -42.0% |
| Deferred charges and accrued income | 490/1 | €6,580 | - | -€6,580 | |
| Total equity and liabilities | 10/49 | €1,414,514 | €1,023,209 | -€391,304 | -27.7% |
| Equity | 10/15 | €129,816 | €143,391 | +€13,575 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,356 | €122,931 | +€13,575 | +12.4% |
| Provisions and deferred taxes | 16 | €30,600 | €30,600 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,600 | €30,600 | = | 0.0% |
| Pensions and similar obligations | 160 | €30,600 | €30,600 | = | 0.0% |
| Amounts payable | 17/49 | €1,254,098 | €849,219 | -€404,879 | -32.3% |
| Amounts payable after more than one year | 17 | €134,724 | €130,062 | -€4,662 | -3.5% |
| Financial debts | 170/4 | €134,724 | €130,062 | -€4,662 | -3.5% |
| Amounts payable within one year | 42/48 | €1,119,375 | €719,158 | -€400,217 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €525,942 | €36,934 | -€489,009 | -93.0% |
| Trade debts | 44 | €133,305 | €96,422 | -€36,884 | -27.7% |
| Suppliers | 440/4 | €133,305 | €96,422 | -€36,884 | -27.7% |
| Taxes, remuneration and social security | 45 | €65,200 | €118,298 | +€53,098 | +81.4% |
| Taxes | 450/3 | €23,355 | €72,380 | +€49,025 | +210% |
| Remuneration and social security | 454/9 | €41,845 | €45,918 | +€4,073 | +9.7% |
| Other amounts payable | 47/48 | €394,927 | €467,505 | +€72,577 | +18.4% |
| Remuneration, social security and pensions | 62 | €70,470 | €70,024 | -€446 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,780 | €27,645 | +€10,865 | +64.7% |
| Other operating charges | 640/8 | €2,249 | €5,676 | +€3,428 | +152% |
| Gross operating margin | 9900 | €157,426 | €142,613 | -€14,812 | -9.4% |
| Operating profit (loss) | 9901 | €67,927 | €39,268 | -€28,659 | -42.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €42,681 | €25,693 | -€16,987 | -39.8% |
| Recurring financial charges | 65 | €42,681 | €25,693 | -€16,987 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €25,247 | €13,575 | -€11,673 | -46.2% |
| Profit (loss) for the period | 9904 | €25,247 | €13,575 | -€11,673 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,247 | €13,575 | -€11,673 | -46.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.