2K motiv: 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.
2K motiv
Largest movements
- Cash -€35,393
down €35,393 (-34.3%), from €103,272 to €67,879
mainly Contributions, distributions and other (-€70,007) and Receivables within one year (-€33,700)
- Receivables within one year +€33,700
up €33,700 (+40.0%), from €84,232 to €117,932
of which Trade receivables: +€36,370
- Stocks and contracts +€13,660
up €13,660 (+9.3%), from €146,583 to €160,244
- Tangible fixed assets -€11,217
down €11,217 (-30.8%), from €36,383 to €25,165
of which Furniture and vehicles: -€11,217
- Reserves +€15,876
up €15,876 (+7.1%), from €223,543 to €239,419
- Other debts -€15,229
down €15,229 (-13.2%), from €115,229 to €100,000
- Gross operating margin -€34,959
down €34,959 (-21.6%), from €161,576 to €126,617
- Taxes -€9,779
down €9,779 (-25.4%), from €38,460 to €28,681
- Depreciation +€4,153
up €4,153 (+58.8%), from €7,065 to €11,217
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 | €371,955 | €373,911 | +€1,957 | +0.5% |
| Fixed assets | 21/28 | €36,383 | €25,165 | -€11,217 | -30.8% |
| Tangible fixed assets | 22/27 | €36,383 | €25,165 | -€11,217 | -30.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €36,383 | €25,165 | -€11,217 | -30.8% |
| Current assets | 29/58 | €335,572 | €348,746 | +€13,174 | +3.9% |
| Stocks and contracts in progress | 3 | €146,583 | €160,244 | +€13,660 | +9.3% |
| Stocks | 30/36 | €146,583 | €160,244 | +€13,660 | +9.3% |
| Amounts receivable within one year | 40/41 | €84,232 | €117,932 | +€33,700 | +40.0% |
| Trade receivables | 40 | €45,295 | €81,665 | +€36,370 | +80.3% |
| Other amounts receivable | 41 | €38,937 | €36,267 | -€2,670 | -6.9% |
| Cash at bank and in hand | 54/58 | €103,272 | €67,879 | -€35,393 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,484 | €2,691 | +€1,207 | +81.3% |
| Total equity and liabilities | 10/49 | €371,955 | €373,911 | +€1,957 | +0.5% |
| Equity | 10/15 | €242,143 | €258,019 | +€15,876 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,543 | €239,419 | +€15,876 | +7.1% |
| Distributable reserves | 133 | €223,543 | €239,419 | +€15,876 | +7.1% |
| Amounts payable | 17/49 | €129,812 | €115,893 | -€13,919 | -10.7% |
| Amounts payable within one year | 42/48 | €129,812 | €115,893 | -€13,919 | -10.7% |
| Trade debts | 44 | €14,583 | €15,893 | +€1,310 | +9.0% |
| Suppliers | 440/4 | €14,583 | €15,893 | +€1,310 | +9.0% |
| Other amounts payable | 47/48 | €115,229 | €100,000 | -€15,229 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,065 | €11,217 | +€4,153 | +58.8% |
| Other operating charges | 640/8 | €567 | €559 | -€8 | -1.4% |
| Gross operating margin | 9900 | €161,576 | €126,617 | -€34,959 | -21.6% |
| Operating profit (loss) | 9901 | €153,945 | €114,841 | -€39,104 | -25.4% |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €316 | €278 | -€39 | -12.2% |
| Recurring financial charges | 65 | €316 | €278 | -€39 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €153,688 | €114,563 | -€39,125 | -25.5% |
| Income taxes | 67/77 | €38,460 | €28,681 | -€9,779 | -25.4% |
| Profit (loss) for the period | 9904 | €115,229 | €85,883 | -€29,346 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,229 | €85,883 | -€29,346 | -25.5% |
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 28 October 2026 via checked.be.