Morton: 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.
Morton
Largest movements
- Cash -€31,977
down €31,977 (-18.1%), from €176,463 to €144,486
mainly Contributions, distributions and other (-€110,000) and Other debts (-€18,884)
- Other debts -€18,884
no longer reported in 2025 (was €18,884)
- Profit (loss) carried forward -€12,785
down €12,785 (-10.9%), from €116,942 to €104,158
- Financial income -€29,414
down €29,414 (-22.5%), from €130,816 to €101,402
- Financial charges -€8,766
down €8,766 (-99.7%), from €8,796 to €30
- Taxes -€734
down €734 (-99.7%), from €736 to €2
- Gross operating margin +€201
up €201 (+5.2%), from -€3,836 to -€3,635
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 | €176,464 | €144,796 | -€31,668 | -17.9% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €176,463 | €144,795 | -€31,668 | -17.9% |
| Amounts receivable within one year | 40/41 | - | €309 | +€309 | |
| Other amounts receivable | 41 | - | €309 | +€309 | |
| Cash at bank and in hand | 54/58 | €176,463 | €144,486 | -€31,977 | -18.1% |
| Total equity and liabilities | 10/49 | €176,464 | €144,796 | -€31,668 | -17.9% |
| Equity | 10/15 | €157,581 | €144,796 | -€12,785 | -8.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €22,088 | €22,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €20,233 | €20,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,942 | €104,158 | -€12,785 | -10.9% |
| Amounts payable | 17/49 | €18,884 | - | -€18,884 | |
| Amounts payable within one year | 42/48 | €18,884 | - | -€18,884 | |
| Other amounts payable | 47/48 | €18,884 | - | -€18,884 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,836 | -€3,635 | +€201 | +5.2% |
| Operating profit (loss) | 9901 | -€4,342 | -€4,155 | +€187 | +4.3% |
| Financial income | 75/76B | €130,816 | €101,402 | -€29,414 | -22.5% |
| Recurring financial income | 75 | €130,816 | €101,402 | -€29,414 | -22.5% |
| Financial charges | 65/66B | €8,796 | €30 | -€8,766 | -99.7% |
| Recurring financial charges | 65 | €8,796 | €30 | -€8,766 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €117,678 | €97,217 | -€20,461 | -17.4% |
| Income taxes | 67/77 | €736 | €2 | -€734 | -99.7% |
| Profit (loss) for the period | 9904 | €116,942 | €97,215 | -€19,727 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,942 | €97,215 | -€19,727 | -16.9% |
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 2 October 2026 via checked.be.