MORTIER: what changed
MORTIER
Largest movements
- Tangible fixed assets -€55,018
down €55,018 (-95.6%), from €57,545 to €2,527
of which Furniture and vehicles: -€49,105
- Current investments -€52,552
down €52,552 (-13.1%), from €400,000 to €347,448
- Cash +€10,596
up €10,596 (+5.5%), from €191,812 to €202,408
mainly Current investments (+€52,552) and Investment in fixed assets (net) (+€45,834)
- Receivables within one year +€10,183
up €10,183 (+13.6%), from €74,918 to €85,102
of which Other amounts receivable: +€20,264
- Debts after one year -€73,596
down €73,596 (-38.9%), from €189,097 to €115,501
- Current portion of long-term debt -€20,560
down €20,560 (-35.2%), from €58,479 to €37,919
- Reserves +€18,809
up €18,809 (+4.1%), from €454,394 to €473,202
of which Distributable reserves: +€18,809
- Trade debts -€8,704
down €8,704 (-57.6%), from €15,116 to €6,412
- Gross operating margin -€315,620
down €315,620 (-89.2%), from €353,805 to €38,185
- Taxes -€81,798
down €81,798 (-88.9%), from €92,053 to €10,256
- Staff costs +€15,457
up €15,457, from -€15,110 to €347
- Depreciation -€13,435
down €13,435 (-58.7%), from €22,869 to €9,434
- Financial income +€10,212
up €10,212 (+249%), from €4,095 to €14,307
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €783,538 | €697,064 | -€86,474 | -11.0% |
| Fixed assets | 21/28 | €57,795 | €2,527 | -€55,268 | -95.6% |
| Tangible fixed assets | 22/27 | €57,545 | €2,527 | -€55,018 | -95.6% |
| Land and buildings | 22 | €5,913 | €0 | -€5,913 | -100% |
| Furniture and vehicles | 24 | €51,632 | €2,527 | -€49,105 | -95.1% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100% |
| Current assets | 29/58 | €725,743 | €694,538 | -€31,206 | -4.3% |
| Amounts receivable after more than one year | 29 | €57,168 | €57,168 | = | 0.0% |
| Other amounts receivable | 291 | €57,168 | €57,168 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,918 | €85,102 | +€10,183 | +13.6% |
| Trade receivables | 40 | €16,096 | €6,016 | -€10,080 | -62.6% |
| Other amounts receivable | 41 | €58,822 | €79,086 | +€20,264 | +34.4% |
| Current investments | 50/53 | €400,000 | €347,448 | -€52,552 | -13.1% |
| Cash at bank and in hand | 54/58 | €191,812 | €202,408 | +€10,596 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,844 | €2,411 | +€567 | +30.8% |
| Total equity and liabilities | 10/49 | €783,538 | €697,064 | -€86,474 | -11.0% |
| Equity | 10/15 | €472,986 | €491,794 | +€18,809 | +4.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €454,394 | €473,202 | +€18,809 | +4.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €452,534 | €471,343 | +€18,809 | +4.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €310,552 | €205,270 | -€105,282 | -33.9% |
| Amounts payable after more than one year | 17 | €189,097 | €115,501 | -€73,596 | -38.9% |
| Financial debts | 170/4 | €189,097 | €115,501 | -€73,596 | -38.9% |
| Amounts payable within one year | 42/48 | €121,455 | €89,769 | -€31,686 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €58,479 | €37,919 | -€20,560 | -35.2% |
| Trade debts | 44 | €15,116 | €6,412 | -€8,704 | -57.6% |
| Suppliers | 440/4 | €15,116 | €6,412 | -€8,704 | -57.6% |
| Advances received on contracts in progress | 46 | €5,036 | €0 | -€5,036 | -100% |
| Taxes, remuneration and social security | 45 | €12,824 | €15,438 | +€2,614 | +20.4% |
| Taxes | 450/3 | €12,824 | €15,438 | +€2,614 | +20.4% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Non-recurring operating income | 76A | €418,337 | €0 | -€418,337 | -100% |
| Remuneration, social security and pensions | 62 | -€15,110 | €347 | +€15,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,869 | €9,434 | -€13,435 | -58.7% |
| Other operating charges | 640/8 | €4,727 | €2,495 | -€2,232 | -47.2% |
| Non-recurring operating charges | 66A | - | €2,609 | +€2,609 | |
| Gross operating margin | 9900 | €353,805 | €38,185 | -€315,620 | -89.2% |
| Operating profit (loss) | 9901 | €341,319 | €23,301 | -€318,018 | -93.2% |
| Financial income | 75/76B | €4,095 | €14,307 | +€10,212 | +249% |
| Recurring financial income | 75 | €4,095 | €14,307 | +€10,212 | +249% |
| Financial charges | 65/66B | €11,037 | €8,543 | -€2,494 | -22.6% |
| Recurring financial charges | 65 | €6,287 | €6,801 | +€514 | +8.2% |
| Non-recurring financial charges | 66B | €4,750 | €1,742 | -€3,008 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €334,377 | €29,064 | -€305,313 | -91.3% |
| Income taxes | 67/77 | €92,053 | €10,256 | -€81,798 | -88.9% |
| Profit (loss) for the period | 9904 | €242,324 | €18,809 | -€223,515 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €242,324 | €18,809 | -€223,515 | -92.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.