SASKIA MORTIER: what changed
What changed
SASKIA MORTIER
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€77,140
2024 · €88,676-€11,536
Equity
€700,681
2024 · €803,141-€102,460
Cash
€933,535
2024 · €313,344+€620,190
Balance sheet total
€1.2m
2024 · €995,343+€253,500
Largest movements
Assets
- Cash +€620,190
up €620,190 (+198%), from €313,344 to €933,535
mainly Other debts (+€358,950) and Current investments (+€350,000)
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Receivables within one year -€22,375
down €22,375 (-7.4%), from €303,801 to €281,426
of which Other amounts receivable: -€22,375
Equity and liabilities
- Other debts +€358,950
up €358,950 (+198%), from €180,971 to €539,920
- Reserves -€102,460
down €102,460 (-13.1%), from €784,541 to €682,081
Income statement
- Financial income -€11,441
down €11,441 (-49.4%), from €23,150 to €11,709
- Gross operating margin -€5,410
down €5,410 (-5.1%), from €106,387 to €100,977
- Taxes -€5,383
down €5,383 (-15.5%), from €34,715 to €29,332
Change in the result, 2024 to 2025
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 2024
€88,676
Gross operating margin
-€5,410
Depreciation
+€51
Other operating charges
-€39
Financial income
-€11,441
Financial charges
-€80
Taxes
+€5,383
Result 2025
€77,140
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€460,167
Investment
+€339,623
Financing
-€179,600
Cash 2024
€313,344
From operations (derived)
+€460,167
Net result for the year
+€77,140
Depreciation
+€4,675
Receivables within one year
+€22,375
Smaller working-capital items
+€155
Tax, wage and social debts
-€3,128
Other debts
+€358,950
Investment (derived)
+€339,623
Investment in fixed assets (net)
-€10,377
Current investments
+€350,000
Financing
-€179,600
Contributions, distributions and other
-€179,600
Cash 2025
€933,535
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €995,343 | €1,248,843 | +€253,500 | +25.5% |
| Fixed assets | 21/28 | €21,816 | €27,517 | +€5,702 | +26.1% |
| Tangible fixed assets | 22/27 | €21,816 | €27,517 | +€5,702 | +26.1% |
| Land and buildings | 22 | €19,950 | €17,300 | -€2,650 | -13.3% |
| Plant, machinery and equipment | 23 | €1,437 | €10,217 | +€8,780 | +611% |
| Furniture and vehicles | 24 | €429 | - | -€429 | |
| Current assets | 29/58 | €973,528 | €1,221,326 | +€247,798 | +25.5% |
| Amounts receivable within one year | 40/41 | €303,801 | €281,426 | -€22,375 | -7.4% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €285,651 | €263,276 | -€22,375 | -7.8% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €313,344 | €933,535 | +€620,190 | +198% |
| Deferred charges and accrued income | 490/1 | €6,383 | €6,365 | -€17 | -0.3% |
| Total equity and liabilities | 10/49 | €995,343 | €1,248,843 | +€253,500 | +25.5% |
| Equity | 10/15 | €803,141 | €700,681 | -€102,460 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €784,541 | €682,081 | -€102,460 | -13.1% |
| Distributable reserves | 133 | €784,541 | €682,081 | -€102,460 | -13.1% |
| Amounts payable | 17/49 | €192,202 | €548,162 | +€355,960 | +185% |
| Amounts payable within one year | 42/48 | €192,202 | €548,162 | +€355,960 | +185% |
| Trade debts | 44 | €98 | €235 | +€138 | +141% |
| Suppliers | 440/4 | €98 | €235 | +€138 | +141% |
| Taxes, remuneration and social security | 45 | €11,134 | €8,007 | -€3,128 | -28.1% |
| Taxes | 450/3 | €7,934 | €4,807 | -€3,128 | -39.4% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €180,971 | €539,920 | +€358,950 | +198% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,726 | €4,675 | -€51 | -1.1% |
| Other operating charges | 640/8 | €1,252 | €1,291 | +€39 | +3.1% |
| Gross operating margin | 9900 | €106,387 | €100,977 | -€5,410 | -5.1% |
| Operating profit (loss) | 9901 | €100,409 | €95,012 | -€5,398 | -5.4% |
| Financial income | 75/76B | €23,150 | €11,709 | -€11,441 | -49.4% |
| Recurring financial income | 75 | €23,150 | €11,709 | -€11,441 | -49.4% |
| Financial charges | 65/66B | €169 | €249 | +€80 | +47.7% |
| Recurring financial charges | 65 | €169 | €249 | +€80 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €123,391 | €106,472 | -€16,919 | -13.7% |
| Income taxes | 67/77 | €34,715 | €29,332 | -€5,383 | -15.5% |
| Profit (loss) for the period | 9904 | €88,676 | €77,140 | -€11,536 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,676 | €77,140 | -€11,536 | -13.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.