MORTIMER: what changed
Two fiscal 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.
MORTIMER
Largest movements
- Cash +€57,900
up €57,900 (+35.9%), from €161,096 to €218,996
mainly Other debts (+€150,000) and Net result for the year (+€54,494)
- Tangible fixed assets -€19,417
down €19,417 (-8.6%), from €224,760 to €205,343
of which Land and buildings: -€14,873
- Deferred charges and accrued income +€13,337
up €13,337, from €0 to €13,337
- Other debts +€150,000
new in 2025: €150,000
- Reserves -€95,506
down €95,506 (-29.8%), from €320,016 to €224,510
- Trade debts +€24,848
up €24,848 (+215.2%), from €11,549 to €36,397
- Current portion of long-term debt -€23,307
no longer reported in 2025 (was €23,307)
- Turnover +€44,796
up €44,796 (+23.8%), from €188,058 to €232,854
- Gross operating margin +€23,404
up €23,404 (+29.3%), from €79,858 to €103,262
- Purchases and services +€20,849
up €20,849 (+16.7%), from €124,641 to €145,490
- Depreciation +€3,246
up €3,246 (+20.1%), from €16,171 to €19,417
- Staff costs -€2,606
down €2,606 (-25.6%), from €10,175 to €7,569
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 | €385,856 | €437,676 | +€51,820 | +13.4% |
| Fixed assets | 21/28 | €224,760 | €205,343 | -€19,417 | -8.6% |
| Tangible fixed assets | 22/27 | €224,760 | €205,343 | -€19,417 | -8.6% |
| Land and buildings | 22 | €217,444 | €202,571 | -€14,873 | -6.8% |
| Furniture and vehicles | 24 | €7,316 | €2,772 | -€4,544 | -62.1% |
| Current assets | 29/58 | €161,096 | €232,333 | +€71,237 | +44.2% |
| Cash at bank and in hand | 54/58 | €161,096 | €218,996 | +€57,900 | +35.9% |
| Deferred charges and accrued income | 490/1 | €0 | €13,337 | +€13,337 | |
| Total equity and liabilities | 10/49 | €385,856 | €437,676 | +€51,820 | +13.4% |
| Equity | 10/15 | €338,616 | €243,110 | -€95,506 | -28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320,016 | €224,510 | -€95,506 | -29.8% |
| Distributable reserves | 133 | €320,016 | €224,510 | -€95,506 | -29.8% |
| Amounts payable | 17/49 | €47,240 | €194,566 | +€147,326 | +311.9% |
| Amounts payable within one year | 42/48 | €47,240 | €194,566 | +€147,326 | +311.9% |
| Current portion of amounts payable after more than one year | 42 | €23,307 | - | -€23,307 | |
| Trade debts | 44 | €11,549 | €36,397 | +€24,848 | +215.2% |
| Suppliers | 440/4 | €11,549 | €36,397 | +€24,848 | +215.2% |
| Taxes, remuneration and social security | 45 | €12,384 | €8,169 | -€4,215 | -34.0% |
| Taxes | 450/3 | €12,384 | €8,169 | -€4,215 | -34.0% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Turnover | 70 | €188,058 | €232,854 | +€44,796 | +23.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €124,641 | €145,490 | +€20,849 | +16.7% |
| Remuneration, social security and pensions | 62 | €10,175 | €7,569 | -€2,606 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,171 | €19,417 | +€3,246 | +20.1% |
| Other operating charges | 640/8 | €2,173 | €2,769 | +€596 | +27.4% |
| Gross operating margin | 9900 | €79,858 | €103,262 | +€23,404 | +29.3% |
| Operating profit (loss) | 9901 | €51,339 | €73,507 | +€22,168 | +43.2% |
| Financial income | 75/76B | €2,429 | €80 | -€2,349 | -96.7% |
| Recurring financial income | 75 | €2,429 | €80 | -€2,349 | -96.7% |
| Financial charges | 65/66B | €2,459 | €2,563 | +€104 | +4.2% |
| Recurring financial charges | 65 | €2,459 | €2,563 | +€104 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €51,309 | €71,024 | +€19,715 | +38.4% |
| Income taxes | 67/77 | €17,147 | €16,530 | -€617 | -3.6% |
| Profit (loss) for the period | 9904 | €34,162 | €54,494 | +€20,332 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,162 | €54,494 | +€20,332 | +59.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.