ANNICK MOTTET: 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.
ANNICK MOTTET
Largest movements
- Cash -€117,720
down €117,720 (-75.9%), from €155,159 to €37,439
mainly Contributions, distributions and other (-€110,000) and Receivables within one year (-€56,810)
- Receivables within one year +€56,810
up €56,810 (+56.0%), from €101,509 to €158,319
of which Trade receivables: +€46,710
- Tangible fixed assets +€16,986
up €16,986 (+20.0%), from €84,728 to €101,714
of which Other tangible fixed assets: +€19,372
- Reserves -€52,500
down €52,500 (-4.9%), from €1.1m to €1.0m
of which Distributable reserves: -€52,500
- Tax, wage and social debts +€13,559
up €13,559 (+96.6%), from €14,034 to €27,593
- Gross operating margin +€3,233
up €3,233 (+4.3%), from €74,647 to €77,880
- Taxes +€1,381
up €1,381 (+5.5%), from €24,919 to €26,300
- Financial income -€1,069
down €1,069 (-4.9%), from €21,789 to €20,720
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 | €1,137,888 | €1,093,895 | -€43,993 | -3.9% |
| Fixed assets | 21/28 | €84,728 | €101,714 | +€16,986 | +20.0% |
| Tangible fixed assets | 22/27 | €84,728 | €101,714 | +€16,986 | +20.0% |
| Plant, machinery and equipment | 23 | €1,438 | €450 | -€988 | -68.7% |
| Furniture and vehicles | 24 | €34,095 | €32,697 | -€1,398 | -4.1% |
| Other tangible fixed assets | 26 | €46,195 | €65,567 | +€19,372 | +41.9% |
| Assets under construction and advance payments | 27 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,053,160 | €992,181 | -€60,978 | -5.8% |
| Amounts receivable after more than one year | 29 | €795,000 | €795,000 | = | 0.0% |
| Other amounts receivable | 291 | €795,000 | €795,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,509 | €158,319 | +€56,810 | +56.0% |
| Trade receivables | 40 | €91,859 | €138,569 | +€46,710 | +50.9% |
| Other amounts receivable | 41 | €9,650 | €19,749 | +€10,099 | +104.7% |
| Cash at bank and in hand | 54/58 | €155,159 | €37,439 | -€117,720 | -75.9% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,423 | -€69 | -4.6% |
| Total equity and liabilities | 10/49 | €1,137,888 | €1,093,895 | -€43,993 | -3.9% |
| Equity | 10/15 | €1,107,796 | €1,055,311 | -€52,485 | -4.7% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €1,069,920 | €1,017,420 | -€52,500 | -4.9% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €1,066,200 | €1,013,700 | -€52,500 | -4.9% |
| Profit (loss) carried forward | 14 | €676 | €691 | +€15 | +2.2% |
| Amounts payable | 17/49 | €30,092 | €38,585 | +€8,493 | +28.2% |
| Amounts payable within one year | 42/48 | €30,092 | €38,585 | +€8,493 | +28.2% |
| Trade debts | 44 | €8,840 | €8,757 | -€82 | -0.9% |
| Suppliers | 440/4 | €8,840 | €8,757 | -€82 | -0.9% |
| Taxes, remuneration and social security | 45 | €14,034 | €27,593 | +€13,559 | +96.6% |
| Taxes | 450/3 | €14,034 | €27,593 | +€13,559 | +96.6% |
| Other amounts payable | 47/48 | €7,218 | €2,234 | -€4,984 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,495 | €10,432 | -€63 | -0.6% |
| Other operating charges | 640/8 | €3,903 | €3,917 | +€13 | +0.3% |
| Gross operating margin | 9900 | €74,647 | €77,880 | +€3,233 | +4.3% |
| Operating profit (loss) | 9901 | €60,249 | €63,531 | +€3,282 | +5.4% |
| Financial income | 75/76B | €21,789 | €20,720 | -€1,069 | -4.9% |
| Recurring financial income | 75 | €21,789 | €20,720 | -€1,069 | -4.9% |
| Financial charges | 65/66B | €408 | €436 | +€28 | +6.9% |
| Recurring financial charges | 65 | €408 | €436 | +€28 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €81,630 | €83,815 | +€2,185 | +2.7% |
| Income taxes | 67/77 | €24,919 | €26,300 | +€1,381 | +5.5% |
| Profit (loss) for the period | 9904 | €56,710 | €57,515 | +€804 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,710 | €57,515 | +€804 | +1.4% |
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 4 October 2026 via checked.be.