MORTSIEFER ENGINEERING: 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.
MORTSIEFER ENGINEERING
Largest movements
- Receivables within one year +€33,273
up €33,273 (+484%), from €6,880 to €40,153
of which Other amounts receivable: +€32,694
- Cash -€8,740
down €8,740 (-35.2%), from €24,820 to €16,080
mainly Receivables within one year (-€33,273) and Other debts (-€1,517)
- Tangible fixed assets -€2,167
down €2,167 (-41.7%), from €5,197 to €3,030
- Reserves +€15,516
up €15,516 (+101%), from €15,303 to €30,820
- Short-term financial debts +€6,423
new in 2025: €6,423
- Other debts -€1,517
down €1,517 (-20.9%), from €7,260 to €5,743
- Tax, wage and social debts +€1,512
up €1,512 (+39.0%), from €3,879 to €5,390
- Gross operating margin +€1,073
up €1,073 (+4.6%), from €23,371 to €24,445
- Depreciation +€864
up €864 (+66.3%), from €1,303 to €2,167
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 | €36,896 | €59,348 | +€22,451 | +60.8% |
| Fixed assets | 21/28 | €5,197 | €3,030 | -€2,167 | -41.7% |
| Tangible fixed assets | 22/27 | €5,197 | €3,030 | -€2,167 | -41.7% |
| Furniture and vehicles | 24 | €5,197 | €3,030 | -€2,167 | -41.7% |
| Current assets | 29/58 | €31,699 | €56,317 | +€24,618 | +77.7% |
| Amounts receivable within one year | 40/41 | €6,880 | €40,153 | +€33,273 | +484% |
| Trade receivables | 40 | €6,449 | €7,028 | +€579 | +9.0% |
| Other amounts receivable | 41 | €431 | €33,125 | +€32,694 | +7,584% |
| Cash at bank and in hand | 54/58 | €24,820 | €16,080 | -€8,740 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €85 | +€85 | |
| Total equity and liabilities | 10/49 | €36,896 | €59,348 | +€22,451 | +60.8% |
| Equity | 10/15 | €18,303 | €33,820 | +€15,516 | +84.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,303 | €30,820 | +€15,516 | +101% |
| Distributable reserves | 133 | €15,303 | €30,820 | +€15,516 | +101% |
| Amounts payable | 17/49 | €18,593 | €25,528 | +€6,935 | +37.3% |
| Amounts payable within one year | 42/48 | €18,593 | €25,528 | +€6,935 | +37.3% |
| Financial debts | 43 | - | €6,423 | +€6,423 | |
| Credit institutions | 430/8 | - | €6,423 | +€6,423 | |
| Trade debts | 44 | €7,454 | €7,972 | +€518 | +6.9% |
| Suppliers | 440/4 | €7,454 | €7,972 | +€518 | +6.9% |
| Taxes, remuneration and social security | 45 | €3,879 | €5,390 | +€1,512 | +39.0% |
| Taxes | 450/3 | €3,879 | €5,390 | +€1,512 | +39.0% |
| Other amounts payable | 47/48 | €7,260 | €5,743 | -€1,517 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €2,167 | +€864 | +66.3% |
| Other operating charges | 640/8 | - | €43 | +€43 | |
| Gross operating margin | 9900 | €23,371 | €24,445 | +€1,073 | +4.6% |
| Operating profit (loss) | 9901 | €22,069 | €22,236 | +€167 | +0.8% |
| Financial income | 75/76B | - | €192 | +€192 | |
| Recurring financial income | 75 | - | €192 | +€192 | |
| Financial charges | 65/66B | €26 | €54 | +€28 | +105% |
| Recurring financial charges | 65 | €26 | €54 | +€28 | +105% |
| Profit (loss) for the period before taxes | 9903 | €22,042 | €22,373 | +€331 | +1.5% |
| Income taxes | 67/77 | €5,939 | €6,024 | +€86 | +1.4% |
| Profit (loss) for the period | 9904 | €16,103 | €16,349 | +€246 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,103 | €16,349 | +€246 | +1.5% |
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 21 October 2026 via checked.be.