GrowthMotive: 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.
GrowthMotive
Largest movements
- Intangible fixed assets -€70,854
down €70,854 (-10.8%), from €655,640 to €584,786
- Tangible fixed assets -€31,325
down €31,325 (-4.1%), from €769,750 to €738,425
of which Land and buildings: -€22,312
- Receivables within one year -€31,024
down €31,024 (-8.0%), from €385,866 to €354,842
- Debts after one year -€200,035
down €200,035 (-16.4%), from €1.2m to €1.0m
- Current portion of long-term debt +€72,055
up €72,055 (+22.5%), from €320,755 to €392,810
- Trade debts -€34,315
down €34,315 (-26.9%), from €127,733 to €93,418
- Gross operating margin -€127,975
down €127,975 (-19.1%), from €671,335 to €543,360
- Staff costs -€53,124
down €53,124 (-13.8%), from €383,822 to €330,698
- Financial charges -€20,241
down €20,241 (-21.5%), from €94,000 to €73,760
- Taxes -€8,259
down €8,259 (-49.6%), from €16,652 to €8,393
- Depreciation -€8,041
down €8,041 (-6.5%), from €123,044 to €115,003
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 | €1,889,240 | €1,755,807 | -€133,433 | -7.1% |
| Fixed assets | 21/28 | €1,425,390 | €1,323,211 | -€102,179 | -7.2% |
| Intangible fixed assets | 21 | €655,640 | €584,786 | -€70,854 | -10.8% |
| Tangible fixed assets | 22/27 | €769,750 | €738,425 | -€31,325 | -4.1% |
| Land and buildings | 22 | €711,847 | €689,536 | -€22,312 | -3.1% |
| Plant, machinery and equipment | 23 | €10,996 | €9,722 | -€1,274 | -11.6% |
| Furniture and vehicles | 24 | €46,907 | €39,168 | -€7,739 | -16.5% |
| Current assets | 29/58 | €463,850 | €432,596 | -€31,254 | -6.7% |
| Amounts receivable within one year | 40/41 | €385,866 | €354,842 | -€31,024 | -8.0% |
| Trade receivables | 40 | €385,866 | €354,842 | -€31,024 | -8.0% |
| Cash at bank and in hand | 54/58 | €64,756 | €56,925 | -€7,830 | -12.1% |
| Deferred charges and accrued income | 490/1 | €13,229 | €20,829 | +€7,600 | +57.5% |
| Total equity and liabilities | 10/49 | €1,889,240 | €1,755,807 | -€133,433 | -7.1% |
| Equity | 10/15 | €197,292 | €204,611 | +€7,319 | +3.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,292 | €54,611 | +€7,319 | +15.5% |
| Amounts payable | 17/49 | €1,691,948 | €1,551,197 | -€140,752 | -8.3% |
| Amounts payable after more than one year | 17 | €1,218,108 | €1,018,073 | -€200,035 | -16.4% |
| Financial debts | 170/4 | €1,218,108 | €1,018,073 | -€200,035 | -16.4% |
| Amounts payable within one year | 42/48 | €473,841 | €529,531 | +€55,690 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €320,755 | €392,810 | +€72,055 | +22.5% |
| Trade debts | 44 | €127,733 | €93,418 | -€34,315 | -26.9% |
| Suppliers | 440/4 | €127,733 | €93,418 | -€34,315 | -26.9% |
| Taxes, remuneration and social security | 45 | €25,353 | €43,303 | +€17,950 | +70.8% |
| Taxes | 450/3 | €25,353 | €43,303 | +€17,950 | +70.8% |
| Accrued charges and deferred income | 492/3 | - | €3,593 | +€3,593 | |
| Remuneration, social security and pensions | 62 | €383,822 | €330,698 | -€53,124 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,044 | €115,003 | -€8,041 | -6.5% |
| Other operating charges | 640/8 | €6,528 | €8,667 | +€2,139 | +32.8% |
| Gross operating margin | 9900 | €671,335 | €543,360 | -€127,975 | -19.1% |
| Operating profit (loss) | 9901 | €157,941 | €88,992 | -€68,949 | -43.7% |
| Financial income | 75/76B | €3 | €480 | +€477 | +15,179% |
| Recurring financial income | 75 | €3 | €480 | +€477 | +15,179% |
| Financial charges | 65/66B | €94,000 | €73,760 | -€20,241 | -21.5% |
| Recurring financial charges | 65 | €94,000 | €73,760 | -€20,241 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €63,944 | €15,712 | -€48,231 | -75.4% |
| Income taxes | 67/77 | €16,652 | €8,393 | -€8,259 | -49.6% |
| Profit (loss) for the period | 9904 | €47,292 | €7,319 | -€39,973 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,292 | €7,319 | -€39,973 | -84.5% |
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 27 October 2026 via checked.be.