First Motors: 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.
First Motors
Largest movements
- Tangible fixed assets -€49,272
down €49,272 (-65.7%), from €74,983 to €25,711
of which Land and buildings: -€49,140
- Receivables within one year -€2,985
down €2,985 (-8.4%), from €35,382 to €32,397
- Profit (loss) carried forward -€52,271
down €52,271 (-34.5%), from -€151,313 to -€203,584
- Revaluation surpluses -€47,553
no longer reported in 2025 (was €47,553)
- Reserves +€47,553
up €47,553 (+31.0%), from €153,519 to €201,071
of which Distributable reserves: +€47,553
- Gross operating margin -€6,125
down €6,125, from €3,603 to -€2,522
- Financial income +€248
up €248 (+13.7%), from €1,815 to €2,063
- Other operating charges +€94
up €94 (+3.9%), from €2,381 to €2,475
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 | €112,078 | €59,574 | -€52,505 | -46.8% |
| Fixed assets | 21/28 | €74,983 | €25,711 | -€49,272 | -65.7% |
| Tangible fixed assets | 22/27 | €74,983 | €25,711 | -€49,272 | -65.7% |
| Land and buildings | 22 | €67,344 | €18,203 | -€49,140 | -73.0% |
| Other tangible fixed assets | 26 | €7,639 | €7,507 | -€132 | -1.7% |
| Current assets | 29/58 | €37,095 | €33,863 | -€3,232 | -8.7% |
| Amounts receivable within one year | 40/41 | €35,382 | €32,397 | -€2,985 | -8.4% |
| Other amounts receivable | 41 | €35,382 | €32,397 | -€2,985 | -8.4% |
| Cash at bank and in hand | 54/58 | €963 | €706 | -€257 | -26.6% |
| Deferred charges and accrued income | 490/1 | €751 | €760 | +€9 | +1.2% |
| Total equity and liabilities | 10/49 | €112,078 | €59,574 | -€52,505 | -46.8% |
| Equity | 10/15 | €111,758 | €59,487 | -€52,271 | -46.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €47,553 | - | -€47,553 | |
| Reserves | 13 | €153,519 | €201,071 | +€47,553 | +31.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,661 | €4,661 | = | 0.0% |
| Distributable reserves | 133 | €142,658 | €190,210 | +€47,553 | +33.3% |
| Profit (loss) carried forward | 14 | -€151,313 | -€203,584 | -€52,271 | -34.5% |
| Amounts payable | 17/49 | €320 | €86 | -€234 | -73.0% |
| Amounts payable within one year | 42/48 | €320 | €86 | -€234 | -73.0% |
| Trade debts | 44 | €320 | €86 | -€234 | -73.0% |
| Suppliers | 440/4 | €320 | €86 | -€234 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,272 | €49,272 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,381 | €2,475 | +€94 | +3.9% |
| Gross operating margin | 9900 | €3,603 | -€2,522 | -€6,125 | |
| Operating profit (loss) | 9901 | -€48,050 | -€54,269 | -€6,219 | -12.9% |
| Financial income | 75/76B | €1,815 | €2,063 | +€248 | +13.7% |
| Recurring financial income | 75 | €1,815 | €2,063 | +€248 | +13.7% |
| Financial charges | 65/66B | €45 | €65 | +€20 | +44.4% |
| Recurring financial charges | 65 | €45 | €65 | +€20 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,280 | -€52,271 | -€5,991 | -12.9% |
| Profit (loss) for the period | 9904 | -€46,280 | -€52,271 | -€5,991 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,280 | -€52,271 | -€5,991 | -12.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.