MORTREU GUY PROJECTS: 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.
MORTREU GUY PROJECTS
Largest movements
- Tangible fixed assets +€756,144
up €756,144 (+45.7%), from €1.7m to €2.4m
of which Land and buildings: +€2.4m
- Cash +€46,167
up €46,167 (+406%), from €11,375 to €57,542
mainly Other debts (+€900,905) and Depreciation (+€172,342)
- Other debts +€900,905
up €900,905 (+59.4%), from €1.5m to €2.4m
- Trade debts -€95,222
down €95,222 (-80.7%), from €117,956 to €22,734
- Profit (loss) carried forward -€36,792
down €36,792 (-31.7%), from -€115,912 to -€152,705
- Gross operating margin +€85,772
up €85,772 (+241%), from €35,556 to €121,327
- Depreciation +€84,794
up €84,794 (+96.9%), from €87,548 to €172,342
- Financial income +€4,614
up €4,614 (+40.3%), from €11,439 to €16,053
- Other operating charges -€2,548
down €2,548 (-67.1%), from €3,799 to €1,250
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.
Derived cash bridge
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 | €1,719,571 | €2,511,818 | +€792,247 | +46.1% |
| Fixed assets | 21/28 | €1,655,107 | €2,411,251 | +€756,144 | +45.7% |
| Tangible fixed assets | 22/27 | €1,655,107 | €2,411,251 | +€756,144 | +45.7% |
| Land and buildings | 22 | - | €2,401,299 | +€2.4m | |
| Furniture and vehicles | 24 | - | €9,952 | +€9,952 | |
| Assets under construction and advance payments | 27 | €1,655,107 | €0 | -€1.7m | -100% |
| Current assets | 29/58 | €64,464 | €100,567 | +€36,103 | +56.0% |
| Amounts receivable within one year | 40/41 | €53,089 | €43,025 | -€10,064 | -19.0% |
| Trade receivables | 40 | €12,100 | €3,025 | -€9,075 | -75.0% |
| Other amounts receivable | 41 | €40,989 | €40,000 | -€989 | -2.4% |
| Cash at bank and in hand | 54/58 | €11,375 | €57,542 | +€46,167 | +406% |
| Total equity and liabilities | 10/49 | €1,719,571 | €2,511,818 | +€792,247 | +46.1% |
| Equity | 10/15 | €84,088 | €47,295 | -€36,792 | -43.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,912 | -€152,705 | -€36,792 | -31.7% |
| Amounts payable | 17/49 | €1,635,483 | €2,464,523 | +€829,040 | +50.7% |
| Amounts payable within one year | 42/48 | €1,635,483 | €2,464,523 | +€829,040 | +50.7% |
| Trade debts | 44 | €117,956 | €22,734 | -€95,222 | -80.7% |
| Suppliers | 440/4 | €117,956 | €22,734 | -€95,222 | -80.7% |
| Advances received on contracts in progress | 46 | - | €15,670 | +€15,670 | |
| Taxes, remuneration and social security | 45 | - | €7,687 | +€7,687 | |
| Taxes | 450/3 | - | €7,687 | +€7,687 | |
| Other amounts payable | 47/48 | €1,517,528 | €2,418,433 | +€900,905 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,548 | €172,342 | +€84,794 | +96.9% |
| Other operating charges | 640/8 | €3,799 | €1,250 | -€2,548 | -67.1% |
| Gross operating margin | 9900 | €35,556 | €121,327 | +€85,772 | +241% |
| Operating profit (loss) | 9901 | -€55,791 | -€52,265 | +€3,526 | +6.3% |
| Financial income | 75/76B | €11,439 | €16,053 | +€4,614 | +40.3% |
| Recurring financial income | 75 | €11,439 | €16,053 | +€4,614 | +40.3% |
| Financial charges | 65/66B | €462 | €581 | +€118 | +25.6% |
| Recurring financial charges | 65 | €462 | €581 | +€118 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | -€44,814 | -€36,792 | +€8,022 | +17.9% |
| Profit (loss) for the period | 9904 | -€44,814 | -€36,792 | +€8,022 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,814 | -€36,792 | +€8,022 | +17.9% |
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 19 October 2026 via checked.be.