DUO MOTIVE: what changed
DUO MOTIVE
Largest movements
- Stocks and contracts -€97,940
down €97,940 (-83.0%), from €118,015 to €20,075
- Receivables within one year +€22,654
up €22,654 (+214%), from €10,578 to €33,232
of which Other amounts receivable: +€15,146
- Tangible fixed assets -€10,888
down €10,888 (-25.2%), from €43,266 to €32,379
of which Furniture and vehicles: -€22,793
- Cash -€4,160
down €4,160 (-13.4%), from €31,129 to €26,969
mainly Short-term financial debts (-€80,000) and Receivables within one year (-€22,654)
- Short-term financial debts -€80,000
down €80,000 (-53.3%), from €150,000 to €70,000
- Other debts -€19,406
down €19,406 (-59.8%), from €32,426 to €13,020
- Debts after one year +€10,432
new in 2025: €10,432
- Current portion of long-term debt +€2,683
new in 2025: €2,683
- Trade debts -€2,619
down €2,619 (-26.3%), from €9,947 to €7,328
- Gross operating margin +€6,009
up €6,009 (+34.2%), from €17,585 to €23,594
- Other operating charges +€3,222
up €3,222 (+636%), from €507 to €3,729
- Depreciation -€1,692
down €1,692 (-11.3%), from €14,982 to €13,290
- Financial charges +€1,675
up €1,675 (+23.0%), from €7,270 to €8,944
- Financial income +€452
up €452 (+347%), from €130 to €582
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 | €207,380 | €116,075 | -€91,305 | -44.0% |
| Fixed assets | 21/28 | €45,324 | €33,408 | -€11,917 | -26.3% |
| Intangible fixed assets | 21 | €2,058 | €1,029 | -€1,029 | -50.0% |
| Tangible fixed assets | 22/27 | €43,266 | €32,379 | -€10,888 | -25.2% |
| Plant, machinery and equipment | 23 | €10,420 | €7,337 | -€3,083 | -29.6% |
| Furniture and vehicles | 24 | €32,846 | €10,054 | -€22,793 | -69.4% |
| Leasing and similar rights | 25 | - | €14,988 | +€14,988 | |
| Current assets | 29/58 | €162,056 | €82,668 | -€79,388 | -49.0% |
| Stocks and contracts in progress | 3 | €118,015 | €20,075 | -€97,940 | -83.0% |
| Stocks | 30/36 | €118,015 | €20,075 | -€97,940 | -83.0% |
| Amounts receivable within one year | 40/41 | €10,578 | €33,232 | +€22,654 | +214% |
| Trade receivables | 40 | €10,023 | €17,531 | +€7,508 | +74.9% |
| Other amounts receivable | 41 | €555 | €15,701 | +€15,146 | +2,730% |
| Cash at bank and in hand | 54/58 | €31,129 | €26,969 | -€4,160 | -13.4% |
| Deferred charges and accrued income | 490/1 | €2,334 | €2,392 | +€58 | +2.5% |
| Total equity and liabilities | 10/49 | €207,380 | €116,075 | -€91,305 | -44.0% |
| Equity | 10/15 | €14,601 | €12,167 | -€2,433 | -16.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,365 | €31,365 | = | 0.0% |
| Distributable reserves | 133 | €31,365 | €31,365 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,764 | -€21,198 | -€2,433 | -13.0% |
| Amounts payable | 17/49 | €192,780 | €103,908 | -€88,872 | -46.1% |
| Amounts payable after more than one year | 17 | - | €10,432 | +€10,432 | |
| Financial debts | 170/4 | - | €10,432 | +€10,432 | |
| Amounts payable within one year | 42/48 | €192,780 | €93,476 | -€99,304 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | - | €2,683 | +€2,683 | |
| Financial debts | 43 | €150,000 | €70,000 | -€80,000 | -53.3% |
| Credit institutions | 430/8 | €150,000 | €70,000 | -€80,000 | -53.3% |
| Trade debts | 44 | €9,947 | €7,328 | -€2,619 | -26.3% |
| Suppliers | 440/4 | €9,947 | €7,328 | -€2,619 | -26.3% |
| Taxes, remuneration and social security | 45 | €407 | €445 | +€38 | +9.2% |
| Taxes | 450/3 | €407 | €445 | +€38 | +9.2% |
| Other amounts payable | 47/48 | €32,426 | €13,020 | -€19,406 | -59.8% |
| Non-recurring operating income | 76A | €3,112 | €0 | -€3,112 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,982 | €13,290 | -€1,692 | -11.3% |
| Other operating charges | 640/8 | €507 | €3,729 | +€3,222 | +636% |
| Non-recurring operating charges | 66A | - | €645 | +€645 | |
| Gross operating margin | 9900 | €17,585 | €23,594 | +€6,009 | +34.2% |
| Operating profit (loss) | 9901 | €2,096 | €5,929 | +€3,833 | +183% |
| Financial income | 75/76B | €130 | €582 | +€452 | +347% |
| Recurring financial income | 75 | €130 | €582 | +€452 | +347% |
| Financial charges | 65/66B | €7,270 | €8,944 | +€1,675 | +23.0% |
| Recurring financial charges | 65 | €7,270 | €8,944 | +€1,675 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,043 | -€2,433 | +€2,610 | +51.7% |
| Income taxes | 67/77 | €39 | €0 | -€39 | -100% |
| Profit (loss) for the period | 9904 | -€5,082 | -€2,433 | +€2,649 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,082 | -€2,433 | +€2,649 | +52.1% |
Next steps
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 4 November 2026 via checked.be.