MORTIERBRIGADE: 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
MORTIERBRIGADE
NACE 73.110, Advertising agencies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€402,099
2024 · €758,407-€356,307
Equity
€446,343
2024 · €446,343
Cash
€1.8m
2024 · €2.4m-€575,972
Balance sheet total
€5.4m
2024 · €7.3m-€1.8m
Largest movements
Assets
- Stocks and contracts -€826,030
down €826,030 (-95.3%), from €867,031 to €41,001
- Cash -€575,972
down €575,972 (-24.1%), from €2.4m to €1.8m
mainly Advances received (-€1.2m) and Contributions, distributions and other (-€402,099)
- Receivables within one year -€415,153
down €415,153 (-11.2%), from €3.7m to €3.3m
of which Trade receivables: -€365,623
Equity and liabilities
- Advances received -€1.2m
down €1.2m (-64.4%), from €1.9m to €687,551
- Other debts -€356,307
down €356,307 (-47.0%), from €758,407 to €402,099
- Tax, wage and social debts -€333,196
down €333,196 (-42.3%), from €788,580 to €455,384
of which Remuneration and social security: -€169,276
- Current portion of long-term debt +€97,433
up €97,433 (+301.9%), from €32,275 to €129,708
Income statement
- Turnover -€3.0m
down €3.0m (-18.0%), from €16.7m to €13.7m
- Goods and materials -€321,201
down €321,201 (-3.5%), from €9.1m to €8.7m
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
€758,407
Turnover
-€3.0m
Other operating income
-€8,734
Goods and materials
+€321,201
Services and other goods
-€86,020
Staff costs
+€148,177
Depreciation
+€13,225
Other operating charges
-€27
Other operating items
+€2.1m
Financial income
-€510
Financial charges
+€3,923
Taxes
+€130,512
Result 2025
€402,099
Cash bridge derived
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
-€220,965
Investment
-€50,341
Financing
-€304,666
Cash 2024
€2.4m
From operations (derived)
-€220,965
Net result for the year
+€402,099
Depreciation
+€57,752
Stocks and contracts
+€826,030
Receivables within one year
+€415,153
Deferred charges and accrued income
+€21,545
Trade debts
-€6,797
Tax, wage and social debts
-€333,196
Advances received
-€1.2m
Other debts
-€356,307
Accrued charges and deferred income
-€5,986
Investment (derived)
-€50,341
Investment in fixed assets (net)
-€50,341
Financing
-€304,666
Current portion of long-term debt
+€97,433
Contributions, distributions and other
-€402,099
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,251,267 | €5,405,155 | -€1.8m | -25.5% |
| Fixed assets | 21/28 | €237,134 | €229,723 | -€7,411 | -3.1% |
| Intangible fixed assets | 21 | €5,641 | €2,176 | -€3,465 | -61.4% |
| Tangible fixed assets | 22/27 | €74,168 | €75,091 | +€924 | +1.2% |
| Plant, machinery and equipment | 23 | €33,320 | €22,878 | -€10,443 | -31.3% |
| Furniture and vehicles | 24 | €22,168 | €7,541 | -€14,627 | -66.0% |
| Other tangible fixed assets | 26 | €18,679 | €44,673 | +€25,994 | +139.2% |
| Financial fixed assets | 28 | €157,325 | €152,455 | -€4,870 | -3.1% |
| Other financial fixed assets | 284/8 | €157,325 | €152,455 | -€4,870 | -3.1% |
| Shares | 284 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €147,325 | €142,455 | -€4,870 | -3.3% |
| Current assets | 29/58 | €7,014,133 | €5,175,433 | -€1.8m | -26.2% |
| Stocks and contracts in progress | 3 | €867,031 | €41,001 | -€826,030 | -95.3% |
| Contracts in progress | 37 | €867,031 | €41,001 | -€826,030 | -95.3% |
| Amounts receivable within one year | 40/41 | €3,714,405 | €3,299,252 | -€415,153 | -11.2% |
| Trade receivables | 40 | €3,622,405 | €3,256,781 | -€365,623 | -10.1% |
| Other amounts receivable | 41 | €92,000 | €42,471 | -€49,529 | -53.8% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Other investments | 51/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,387,589 | €1,811,617 | -€575,972 | -24.1% |
| Deferred charges and accrued income | 490/1 | €44,107 | €22,562 | -€21,545 | -48.8% |
| Total equity and liabilities | 10/49 | €7,251,267 | €5,405,155 | -€1.8m | -25.5% |
| Equity | 10/15 | €446,343 | €446,343 | = | 0.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €10,353 | €10,353 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,990 | €195,990 | = | 0.0% |
| Amounts payable | 17/49 | €6,804,924 | €4,958,812 | -€1.8m | -27.1% |
| Amounts payable within one year | 42/48 | €6,794,416 | €4,954,290 | -€1.8m | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €32,275 | €129,708 | +€97,433 | +301.9% |
| Trade debts | 44 | €3,286,344 | €3,279,547 | -€6,797 | -0.2% |
| Suppliers | 440/4 | €3,286,344 | €3,279,547 | -€6,797 | -0.2% |
| Advances received on contracts in progress | 46 | €1,928,809 | €687,551 | -€1.2m | -64.4% |
| Taxes, remuneration and social security | 45 | €788,580 | €455,384 | -€333,196 | -42.3% |
| Taxes | 450/3 | €455,221 | €291,301 | -€163,920 | -36.0% |
| Remuneration and social security | 454/9 | €333,359 | €164,083 | -€169,276 | -50.8% |
| Other amounts payable | 47/48 | €758,407 | €402,099 | -€356,307 | -47.0% |
| Accrued charges and deferred income | 492/3 | €10,508 | €4,522 | -€5,986 | -57.0% |
| Operating income | 70/76A | €15,130,369 | €14,243,579 | -€886,789 | -5.9% |
| Turnover | 70 | €16,743,793 | €13,732,601 | -€3.0m | -18.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,691,126 | €409,986 | +€2.1m | |
| Other operating income | 74 | €38,321 | €29,587 | -€8,734 | -22.8% |
| Non-recurring operating income | 76A | €39,380 | €71,405 | +€32,025 | +81.3% |
| Operating charges | 60/66A | €14,073,205 | €13,676,648 | -€396,556 | -2.8% |
| Goods for resale, raw materials and consumables | 60 | €9,058,389 | €8,737,188 | -€321,201 | -3.5% |
| Purchases | 600/8 | €9,058,389 | €8,737,188 | -€321,201 | -3.5% |
| Services and other goods | 61 | €3,076,260 | €3,162,280 | +€86,020 | +2.8% |
| Remuneration, social security and pensions | 62 | €1,825,354 | €1,677,177 | -€148,177 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,977 | €57,752 | -€13,225 | -18.6% |
| Other operating charges | 640/8 | €42,224 | €42,251 | +€27 | +0.1% |
| Operating profit (loss) | 9901 | €1,057,164 | €566,931 | -€490,233 | -46.4% |
| Financial income | 75/76B | €843 | €333 | -€510 | -60.5% |
| Recurring financial income | 75 | €843 | €333 | -€510 | -60.5% |
| Income from financial fixed assets | 750 | - | €237 | +€237 | |
| Income from current assets | 751 | €0 | €0 | -€0 | -38.5% |
| Other financial income | 752/9 | €843 | €97 | -€746 | -88.5% |
| Financial charges | 65/66B | €11,616 | €7,692 | -€3,923 | -33.8% |
| Recurring financial charges | 65 | €11,616 | €7,692 | -€3,923 | -33.8% |
| Debt charges | 650 | €3,788 | €2,711 | -€1,077 | -28.4% |
| Other financial charges | 652/9 | €7,827 | €4,981 | -€2,846 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €1,046,391 | €559,572 | -€486,819 | -46.5% |
| Income taxes | 67/77 | €287,985 | €157,473 | -€130,512 | -45.3% |
| Taxes | 670/3 | €287,985 | €157,473 | -€130,512 | -45.3% |
| Profit (loss) for the period | 9904 | €758,407 | €402,099 | -€356,307 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €758,407 | €402,099 | -€356,307 | -47.0% |
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 11 October 2026 via checked.be.