Mortieri: 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.
Mortieri
Largest movements
- Tangible fixed assets -€1,106
down €1,106 (-51.2%), from €2,159 to €1,053
of which Furniture and vehicles: -€907
- Cash -€1,024
down €1,024 (-24.6%), from €4,169 to €3,145
mainly Net result for the year (-€10,949) and Investment in fixed assets (net) (-€933)
- Stocks and contracts +€705
up €705 (+4.5%), from €15,762 to €16,467
- Profit (loss) carried forward -€10,949
down €10,949 (-18.5%), from -€59,174 to -€70,122
- Trade debts +€4,621
up €4,621 (+11.1%), from €41,772 to €46,394
- Tax, wage and social debts +€2,397
up €2,397 (+20.1%), from €11,926 to €14,323
of which Taxes: +€1,960
- Other debts +€1,365
up €1,365 (+5.9%), from €22,977 to €24,342
- Short-term financial debts +€1,094
up €1,094 (+47.7%), from €2,295 to €3,389
- Gross operating margin -€23,323
down €23,323 (-22.6%), from €102,985 to €79,662
- Staff costs +€12,402
up €12,402 (+16.9%), from €73,566 to €85,968
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,796 | €28,325 | -€1,471 | -4.9% |
| Fixed assets | 21/28 | €2,433 | €1,053 | -€1,380 | -56.7% |
| Intangible fixed assets | 21 | €274 | - | -€274 | |
| Tangible fixed assets | 22/27 | €2,159 | €1,053 | -€1,106 | -51.2% |
| Plant, machinery and equipment | 23 | €283 | €84 | -€199 | -70.3% |
| Furniture and vehicles | 24 | €1,876 | €969 | -€907 | -48.3% |
| Current assets | 29/58 | €27,363 | €27,272 | -€91 | -0.3% |
| Stocks and contracts in progress | 3 | €15,762 | €16,467 | +€705 | +4.5% |
| Stocks | 30/36 | €15,762 | €16,467 | +€705 | +4.5% |
| Amounts receivable within one year | 40/41 | €7,288 | €7,508 | +€220 | +3.0% |
| Trade receivables | 40 | €4,622 | €4,090 | -€532 | -11.5% |
| Other amounts receivable | 41 | €2,665 | €3,418 | +€752 | +28.2% |
| Cash at bank and in hand | 54/58 | €4,169 | €3,145 | -€1,024 | -24.6% |
| Deferred charges and accrued income | 490/1 | €144 | €152 | +€8 | +5.4% |
| Total equity and liabilities | 10/49 | €29,796 | €28,325 | -€1,471 | -4.9% |
| Equity | 10/15 | -€49,174 | -€60,122 | -€10,949 | -22.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,174 | -€70,122 | -€10,949 | -18.5% |
| Amounts payable | 17/49 | €78,970 | €88,448 | +€9,477 | +12.0% |
| Amounts payable within one year | 42/48 | €78,970 | €88,448 | +€9,477 | +12.0% |
| Financial debts | 43 | €2,295 | €3,389 | +€1,094 | +47.7% |
| Credit institutions | 430/8 | €2,295 | €3,389 | +€1,094 | +47.7% |
| Trade debts | 44 | €41,772 | €46,394 | +€4,621 | +11.1% |
| Suppliers | 440/4 | €41,772 | €46,394 | +€4,621 | +11.1% |
| Taxes, remuneration and social security | 45 | €11,926 | €14,323 | +€2,397 | +20.1% |
| Taxes | 450/3 | €5,449 | €7,409 | +€1,960 | +36.0% |
| Remuneration and social security | 454/9 | €6,477 | €6,914 | +€437 | +6.8% |
| Other amounts payable | 47/48 | €22,977 | €24,342 | +€1,365 | +5.9% |
| Remuneration, social security and pensions | 62 | €73,566 | €85,968 | +€12,402 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,692 | €2,313 | -€379 | -14.1% |
| Other operating charges | 640/8 | €281 | €642 | +€361 | +128.4% |
| Gross operating margin | 9900 | €102,985 | €79,662 | -€23,323 | -22.6% |
| Operating profit (loss) | 9901 | €26,447 | -€9,261 | -€35,707 | |
| Financial income | 75/76B | €175 | €9 | -€165 | -94.6% |
| Recurring financial income | 75 | €175 | €9 | -€165 | -94.6% |
| Financial charges | 65/66B | €1,381 | €1,698 | +€317 | +22.9% |
| Recurring financial charges | 65 | €1,381 | €1,698 | +€317 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €25,240 | -€10,949 | -€36,189 | |
| Profit (loss) for the period | 9904 | €25,240 | -€10,949 | -€36,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,240 | -€10,949 | -€36,189 |
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.