M-Motorhomes: 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.
M-Motorhomes
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-35.8%), from €3.0m to €1.9m
of which Stocks: -€915,100
- Receivables within one year +€286,125
up €286,125 (+71.9%), from €398,035 to €684,161
of which Trade receivables: +€168,921
- Cash -€272,840
down €272,840 (-50.5%), from €540,225 to €267,385
mainly Trade debts (-€936,656) and Contributions, distributions and other (-€615,000)
- Trade debts -€936,656
down €936,656 (-65.1%), from €1.4m to €501,544
- Reserves -€597,798
down €597,798 (-25.0%), from €2.4m to €1.8m
of which Distributable reserves: -€597,798
- Short-term financial debts +€452,213
up €452,213 (+549%), from €82,347 to €534,560
- Tax, wage and social debts -€162,176
down €162,176 (-67.1%), from €241,817 to €79,641
of which Taxes: -€143,399
- Other debts +€105,000
new in 2025: €105,000
- Gross operating margin -€588,661
down €588,661 (-74.6%), from €789,436 to €200,776
- Taxes -€122,415
down €122,415 (-93.6%), from €130,750 to €8,335
- Financial charges -€56,912
down €56,912 (-64.8%), from €87,850 to €30,938
- Staff costs -€42,926
down €42,926 (-23.2%), from €184,784 to €141,858
- Other operating charges -€11,155
down €11,155 (-66.0%), from €16,909 to €5,754
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 | €4,305,825 | €3,230,182 | -€1.1m | -25.0% |
| Fixed assets | 21/28 | €387,046 | €360,042 | -€27,003 | -7.0% |
| Intangible fixed assets | 21 | - | €6,214 | +€6,214 | |
| Tangible fixed assets | 22/27 | €387,046 | €353,828 | -€33,218 | -8.6% |
| Plant, machinery and equipment | 23 | €1,334 | €985 | -€350 | -26.2% |
| Furniture and vehicles | 24 | €385,712 | €345,679 | -€40,033 | -10.4% |
| Other tangible fixed assets | 26 | - | €7,164 | +€7,164 | |
| Current assets | 29/58 | €3,918,779 | €2,870,139 | -€1.0m | -26.8% |
| Stocks and contracts in progress | 3 | €2,959,019 | €1,899,487 | -€1.1m | -35.8% |
| Stocks | 30/36 | €2,741,279 | €1,826,179 | -€915,100 | -33.4% |
| Contracts in progress | 37 | €217,740 | €73,308 | -€144,433 | -66.3% |
| Amounts receivable within one year | 40/41 | €398,035 | €684,161 | +€286,125 | +71.9% |
| Trade receivables | 40 | €393,748 | €562,669 | +€168,921 | +42.9% |
| Other amounts receivable | 41 | €4,287 | €121,492 | +€117,205 | +2,734% |
| Cash at bank and in hand | 54/58 | €540,225 | €267,385 | -€272,840 | -50.5% |
| Deferred charges and accrued income | 490/1 | €21,500 | €19,107 | -€2,393 | -11.1% |
| Total equity and liabilities | 10/49 | €4,305,825 | €3,230,182 | -€1.1m | -25.0% |
| Equity | 10/15 | €2,512,490 | €1,914,692 | -€597,798 | -23.8% |
| Contributions | 10/11 | €119,000 | €119,000 | = | 0.0% |
| Reserves | 13 | €2,393,490 | €1,795,692 | -€597,798 | -25.0% |
| Non-distributable reserves | 130/1 | €11,900 | €11,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,900 | €11,900 | = | 0.0% |
| Distributable reserves | 133 | €2,381,590 | €1,783,792 | -€597,798 | -25.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,793,334 | €1,315,490 | -€477,845 | -26.6% |
| Amounts payable within one year | 42/48 | €1,762,364 | €1,308,263 | -€454,100 | -25.8% |
| Financial debts | 43 | €82,347 | €534,560 | +€452,213 | +549% |
| Credit institutions | 430/8 | €82,347 | €534,560 | +€452,213 | +549% |
| Trade debts | 44 | €1,438,200 | €501,544 | -€936,656 | -65.1% |
| Suppliers | 440/4 | €1,438,200 | €501,544 | -€936,656 | -65.1% |
| Advances received on contracts in progress | 46 | - | €87,518 | +€87,518 | |
| Taxes, remuneration and social security | 45 | €241,817 | €79,641 | -€162,176 | -67.1% |
| Taxes | 450/3 | €204,167 | €60,768 | -€143,399 | -70.2% |
| Remuneration and social security | 454/9 | €37,650 | €18,873 | -€18,777 | -49.9% |
| Other amounts payable | 47/48 | - | €105,000 | +€105,000 | |
| Accrued charges and deferred income | 492/3 | €30,971 | €7,227 | -€23,744 | -76.7% |
| Remuneration, social security and pensions | 62 | €184,784 | €141,858 | -€42,926 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,476 | €2,439 | -€37 | -1.5% |
| Other operating charges | 640/8 | €16,909 | €5,754 | -€11,155 | -66.0% |
| Gross operating margin | 9900 | €789,436 | €200,776 | -€588,661 | -74.6% |
| Operating profit (loss) | 9901 | €585,267 | €50,725 | -€534,542 | -91.3% |
| Financial income | 75/76B | €12,833 | €5,750 | -€7,083 | -55.2% |
| Recurring financial income | 75 | €12,833 | €5,750 | -€7,083 | -55.2% |
| Financial charges | 65/66B | €87,850 | €30,938 | -€56,912 | -64.8% |
| Recurring financial charges | 65 | €87,850 | €30,938 | -€56,912 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €510,250 | €25,537 | -€484,713 | -95.0% |
| Income taxes | 67/77 | €130,750 | €8,335 | -€122,415 | -93.6% |
| Profit (loss) for the period | 9904 | €379,500 | €17,202 | -€362,298 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €379,500 | €17,202 | -€362,298 | -95.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.