MORTISUN: what changed
What changed
MORTISUN
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
-€37,799
2025 · -€811-€36,988
Equity
€61,210
2025 · €99,009-€37,799
Cash
-
2025 · €0
Balance sheet total
€146,358
2025 · €160,935-€14,577
Largest movements
Assets
- Receivables within one year -€42,866
down €42,866 (-57.6%), from €74,387 to €31,521
of which Trade receivables: -€55,258
- Tangible fixed assets +€32,513
up €32,513 (+224%), from €14,531 to €47,043
of which Furniture and vehicles: +€35,772
- Receivables after one year +€17,000
up €17,000 (+60.7%), from €28,000 to €45,000
of which Other amounts receivable: +€45,000
- Deferred charges and accrued income -€14,194
down €14,194 (-82.1%), from €17,291 to €3,096
- Stocks and contracts -€7,029
down €7,029 (-40.7%), from €17,270 to €10,241
Equity and liabilities
- Profit (loss) carried forward -€37,799
down €37,799 (-41.6%), from €90,949 to €53,150
- Debts after one year +€24,692
up €24,692 (+823%), from €3,000 to €27,692
- Current portion of long-term debt +€12,968
up €12,968, from €0 to €12,968
- Other debts -€5,169
down €5,169 (-63.8%), from €8,107 to €2,937
- Short-term financial debts -€4,635
down €4,635 (-18.9%), from €24,517 to €19,883
Income statement
- Gross operating margin -€35,567
down €35,567, from €12,050 to -€23,517
- Depreciation -€6,104
down €6,104 (-37.8%), from €16,133 to €10,029
- Write-downs +€6,027
up €6,027, from -€6,027 to €0
- Financial charges +€1,432
up €1,432 (+53.2%), from €2,691 to €4,122
- Other operating charges +€1,039
up €1,039 (+99.1%), from €1,049 to €2,088
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€811
Gross operating margin
-€35,567
Staff costs
+€171
Depreciation
+€6,104
Write-downs
-€6,027
Other operating charges
-€1,039
Other operating items
+€198
Financial income
+€99
Financial charges
-€1,432
Taxes
+€505
Result 2026
-€37,799
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,516
Investment
-€42,541
Financing
+€33,025
Cash 2025
€0
From operations (derived)
+€9,516
Net result for the year
-€37,799
Depreciation
+€10,029
Receivables after one year
-€17,000
Stocks and contracts
+€7,029
Receivables within one year
+€42,866
Deferred charges and accrued income
+€14,194
Trade debts
-€1,094
Tax, wage and social debts
-€3,540
Other debts
-€5,169
Investment (derived)
-€42,541
Investment in fixed assets (net)
-€42,541
Financing
+€33,025
Debts after one year
+€24,692
Current portion of long-term debt
+€12,968
Short-term financial debts
-€4,635
Cash 2026
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,935 | €146,358 | -€14,577 | -9.1% |
| Fixed assets | 21/28 | €23,987 | €56,499 | +€32,513 | +136% |
| Tangible fixed assets | 22/27 | €14,531 | €47,043 | +€32,513 | +224% |
| Plant, machinery and equipment | 23 | €12,859 | €9,599 | -€3,260 | -25.3% |
| Furniture and vehicles | 24 | €1,672 | €37,444 | +€35,772 | +2,140% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €9,456 | €9,456 | = | 0.0% |
| Current assets | 29/58 | €136,948 | €89,858 | -€47,090 | -34.4% |
| Amounts receivable after more than one year | 29 | €28,000 | €45,000 | +€17,000 | +60.7% |
| Trade receivables | 290 | €28,000 | - | -€28,000 | |
| Other amounts receivable | 291 | - | €45,000 | +€45,000 | |
| Stocks and contracts in progress | 3 | €17,270 | €10,241 | -€7,029 | -40.7% |
| Stocks | 30/36 | €17,270 | €10,241 | -€7,029 | -40.7% |
| Amounts receivable within one year | 40/41 | €74,387 | €31,521 | -€42,866 | -57.6% |
| Trade receivables | 40 | €73,211 | €17,953 | -€55,258 | -75.5% |
| Other amounts receivable | 41 | €1,176 | €13,568 | +€12,392 | +1,054% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €17,291 | €3,096 | -€14,194 | -82.1% |
| Total equity and liabilities | 10/49 | €160,935 | €146,358 | -€14,577 | -9.1% |
| Equity | 10/15 | €99,009 | €61,210 | -€37,799 | -38.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,949 | €53,150 | -€37,799 | -41.6% |
| Amounts payable | 17/49 | €61,926 | €85,148 | +€23,222 | +37.5% |
| Amounts payable after more than one year | 17 | €3,000 | €27,692 | +€24,692 | +823% |
| Financial debts | 170/4 | €3,000 | €27,692 | +€24,692 | +823% |
| Amounts payable within one year | 42/48 | €58,926 | €57,456 | -€1,470 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €12,968 | +€12,968 | |
| Financial debts | 43 | €24,517 | €19,883 | -€4,635 | -18.9% |
| Credit institutions | 430/8 | €24,517 | €19,883 | -€4,635 | -18.9% |
| Trade debts | 44 | €19,478 | €18,384 | -€1,094 | -5.6% |
| Suppliers | 440/4 | €19,478 | €18,384 | -€1,094 | -5.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,824 | €3,284 | -€3,540 | -51.9% |
| Taxes | 450/3 | €6,824 | €3,284 | -€3,540 | -51.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,107 | €2,937 | -€5,169 | -63.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €193 | €0 | -€193 | -100% |
| Remuneration, social security and pensions | 62 | €386 | €215 | -€171 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,133 | €10,029 | -€6,104 | -37.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,027 | €0 | +€6,027 | |
| Other operating charges | 640/8 | €1,049 | €2,088 | +€1,039 | +99.1% |
| Non-recurring operating charges | 66A | €198 | €0 | -€198 | -100% |
| Gross operating margin | 9900 | €12,050 | -€23,517 | -€35,567 | |
| Operating profit (loss) | 9901 | €312 | -€35,848 | -€36,160 | |
| Financial income | 75/76B | €2,190 | €2,289 | +€99 | +4.5% |
| Recurring financial income | 75 | €2,190 | €2,289 | +€99 | +4.5% |
| Financial charges | 65/66B | €2,691 | €4,122 | +€1,432 | +53.2% |
| Recurring financial charges | 65 | €2,691 | €4,122 | +€1,432 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | -€189 | -€37,682 | -€37,493 | -19,842% |
| Income taxes | 67/77 | €622 | €117 | -€505 | -81.1% |
| Profit (loss) for the period | 9904 | -€811 | -€37,799 | -€36,988 | -4,559% |
| Profit (loss) for the period to be appropriated | 9905 | -€811 | -€37,799 | -€36,988 | -4,559% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.