Mortier Projects: 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 Projects
Largest movements
- Cash +€100,157
up €100,157 (+89.1%), from €112,370 to €212,527
mainly Net result for the year (+€62,661) and Other debts (+€25,836)
- Receivables within one year -€8,436
down €8,436 (-38.3%), from €22,041 to €13,605
of which Trade receivables: -€8,514
- Tangible fixed assets -€2,837
down €2,837 (-25.4%), from €11,171 to €8,334
of which Furniture and vehicles: -€1,944
- Reserves +€62,661
up €62,661 (+61.9%), from €101,230 to €163,891
- Other debts +€25,836
up €25,836 (+333%), from €7,757 to €33,593
- Gross operating margin +€20,003
up €20,003 (+31.8%), from €62,812 to €82,815
- Taxes +€4,512
up €4,512 (+38.1%), from €11,846 to €16,358
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 | €148,484 | €236,749 | +€88,265 | +59.4% |
| Fixed assets | 21/28 | €11,171 | €8,334 | -€2,837 | -25.4% |
| Tangible fixed assets | 22/27 | €11,171 | €8,334 | -€2,837 | -25.4% |
| Plant, machinery and equipment | 23 | €3,926 | €3,033 | -€893 | -22.7% |
| Furniture and vehicles | 24 | €7,245 | €5,301 | -€1,944 | -26.8% |
| Current assets | 29/58 | €137,313 | €228,415 | +€91,101 | +66.3% |
| Amounts receivable within one year | 40/41 | €22,041 | €13,605 | -€8,436 | -38.3% |
| Trade receivables | 40 | €22,041 | €13,527 | -€8,514 | -38.6% |
| Other amounts receivable | 41 | - | €79 | +€79 | |
| Cash at bank and in hand | 54/58 | €112,370 | €212,527 | +€100,157 | +89.1% |
| Deferred charges and accrued income | 490/1 | €2,902 | €2,282 | -€620 | -21.4% |
| Total equity and liabilities | 10/49 | €148,484 | €236,749 | +€88,265 | +59.4% |
| Equity | 10/15 | €116,230 | €178,891 | +€62,661 | +53.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €101,230 | €163,891 | +€62,661 | +61.9% |
| Distributable reserves | 133 | €101,230 | €163,891 | +€62,661 | +61.9% |
| Amounts payable | 17/49 | €32,254 | €57,857 | +€25,604 | +79.4% |
| Amounts payable within one year | 42/48 | €32,254 | €57,857 | +€25,604 | +79.4% |
| Trade debts | 44 | €1,873 | €1,711 | -€162 | -8.7% |
| Suppliers | 440/4 | €1,873 | €1,711 | -€162 | -8.7% |
| Taxes, remuneration and social security | 45 | €22,624 | €22,554 | -€70 | -0.3% |
| Taxes | 450/3 | €18,624 | €22,554 | +€3,930 | +21.1% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100% |
| Other amounts payable | 47/48 | €7,757 | €33,593 | +€25,836 | +333% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,986 | €2,837 | -€149 | -5.0% |
| Other operating charges | 640/8 | €577 | €820 | +€243 | +42.1% |
| Gross operating margin | 9900 | €62,812 | €82,815 | +€20,003 | +31.8% |
| Operating profit (loss) | 9901 | €59,249 | €79,158 | +€19,909 | +33.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €112 | €139 | +€27 | +24.1% |
| Recurring financial charges | 65 | €112 | €139 | +€27 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €59,138 | €79,019 | +€19,882 | +33.6% |
| Income taxes | 67/77 | €11,846 | €16,358 | +€4,512 | +38.1% |
| Profit (loss) for the period | 9904 | €47,292 | €62,661 | +€15,369 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,292 | €62,661 | +€15,369 | +32.5% |
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 31 October 2026 via checked.be.