ALEXANDRE MOTTRIE: what changed
Two fiscal 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.
ALEXANDRE MOTTRIE
Largest movements
- Cash +€153,961
up €153,961 (+2519.5%), from €6,111 to €160,072
mainly Net result for the year (+€128,050) and Depreciation (+€70,738)
- Current investments -€70,706
down €70,706 (-48.7%), from €145,277 to €74,571
- Reserves +€128,050
up €128,050 (+15.4%), from €829,973 to €958,022
- Debts after one year -€120,005
down €120,005 (-24.2%), from €496,368 to €376,363
- Tax, wage and social debts +€27,918
up €27,918 (+101.4%), from €27,527 to €55,445
of which Taxes: +€27,918
- Depreciation -€101,588
down €101,588 (-59.0%), from €172,326 to €70,738
- Gross operating margin -€29,080
down €29,080 (-8.7%), from €333,332 to €304,252
- Taxes +€19,526
up €19,526 (+49.6%), from €39,356 to €58,882
- Staff costs -€10,430
down €10,430 (-100.0%), from €10,430 to €0
- Financial income -€7,185
down €7,185 (-87.5%), from €8,212 to €1,027
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.
Cash bridge derived
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 | €2,666,129 | €2,736,457 | +€70,328 | +2.6% |
| Fixed assets | 21/28 | €2,346,694 | €2,325,159 | -€21,535 | -0.9% |
| Tangible fixed assets | 22/27 | €2,346,344 | €2,324,809 | -€21,535 | -0.9% |
| Land and buildings | 22 | €2,231,814 | €2,203,067 | -€28,747 | -1.3% |
| Plant, machinery and equipment | 23 | €86,185 | €74,928 | -€11,257 | -13.1% |
| Furniture and vehicles | 24 | €27,461 | €26,571 | -€890 | -3.2% |
| Other tangible fixed assets | 26 | €884 | €20,244 | +€19,360 | +2189.8% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €319,435 | €411,297 | +€91,863 | +28.8% |
| Amounts receivable within one year | 40/41 | €166,783 | €175,288 | +€8,506 | +5.1% |
| Trade receivables | 40 | €161,756 | €170,249 | +€8,493 | +5.3% |
| Other amounts receivable | 41 | €5,027 | €5,039 | +€13 | +0.3% |
| Current investments | 50/53 | €145,277 | €74,571 | -€70,706 | -48.7% |
| Cash at bank and in hand | 54/58 | €6,111 | €160,072 | +€153,961 | +2519.5% |
| Deferred charges and accrued income | 490/1 | €1,265 | €1,367 | +€102 | +8.0% |
| Total equity and liabilities | 10/49 | €2,666,129 | €2,736,457 | +€70,328 | +2.6% |
| Equity | 10/15 | €842,373 | €970,422 | +€128,050 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €829,973 | €958,022 | +€128,050 | +15.4% |
| Distributable reserves | 133 | €829,973 | €958,022 | +€128,050 | +15.4% |
| Provisions and deferred taxes | 16 | €248,405 | €248,405 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €248,405 | €248,405 | = | 0.0% |
| Pensions and similar obligations | 160 | €248,405 | €248,405 | = | 0.0% |
| Amounts payable | 17/49 | €1,575,351 | €1,517,629 | -€57,722 | -3.7% |
| Amounts payable after more than one year | 17 | €496,368 | €376,363 | -€120,005 | -24.2% |
| Financial debts | 170/4 | €496,368 | €376,363 | -€120,005 | -24.2% |
| Amounts payable within one year | 42/48 | €1,078,983 | €1,141,265 | +€62,283 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €117,114 | €120,005 | +€2,891 | +2.5% |
| Trade debts | 44 | €6,887 | €14,831 | +€7,945 | +115.4% |
| Suppliers | 440/4 | €6,887 | €14,831 | +€7,945 | +115.4% |
| Taxes, remuneration and social security | 45 | €27,527 | €55,445 | +€27,918 | +101.4% |
| Taxes | 450/3 | €27,508 | €55,426 | +€27,918 | +101.5% |
| Remuneration and social security | 454/9 | €20 | €20 | = | 0.0% |
| Other amounts payable | 47/48 | €927,455 | €950,984 | +€23,529 | +2.5% |
| Non-recurring operating income | 76A | €77,267 | €0 | -€77,267 | -100.0% |
| Remuneration, social security and pensions | 62 | €10,430 | €0 | -€10,430 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,326 | €70,738 | -€101,588 | -59.0% |
| Other operating charges | 640/8 | €8,212 | €10,463 | +€2,250 | +27.4% |
| Gross operating margin | 9900 | €333,332 | €304,252 | -€29,080 | -8.7% |
| Operating profit (loss) | 9901 | €142,365 | €223,051 | +€80,687 | +56.7% |
| Financial income | 75/76B | €8,212 | €1,027 | -€7,185 | -87.5% |
| Recurring financial income | 75 | €8,212 | €1,027 | -€7,185 | -87.5% |
| Financial charges | 65/66B | €34,808 | €37,147 | +€2,339 | +6.7% |
| Recurring financial charges | 65 | €34,808 | €37,147 | +€2,339 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €115,769 | €186,931 | +€71,163 | +61.5% |
| Income taxes | 67/77 | €39,356 | €58,882 | +€19,526 | +49.6% |
| Profit (loss) for the period | 9904 | €76,413 | €128,050 | +€51,637 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,413 | €128,050 | +€51,637 | +67.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.