MINIMOTOR: 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.
MINIMOTOR
Largest movements
- Stocks and contracts -€107,241
down €107,241 (-55.3%), from €194,086 to €86,846
- Cash -€27,518
down €27,518 (-11.2%), from €245,268 to €217,750
mainly Other debts (-€108,146) and Trade debts (-€37,935)
- Tangible fixed assets -€26,683
down €26,683 (-21.8%), from €122,571 to €95,889
of which Land and buildings: -€23,296
- Other debts -€108,146
no longer reported in 2025 (was €108,146)
- Trade debts -€37,935
down €37,935 (-28.6%), from €132,836 to €94,901
- Tax, wage and social debts -€23,495
down €23,495 (-78.4%), from €29,987 to €6,492
- Accrued charges and deferred income -€20,404
down €20,404 (-45.9%), from €44,446 to €24,042
- Debts after one year +€18,332
up €18,332 (+5.6%), from €326,534 to €344,866
- Write-downs -€67,751
down €67,751, from €52,220 to -€15,531
- Gross operating margin +€56,908
up €56,908 (+87.0%), from €65,423 to €122,331
- Financial charges +€12,002
up €12,002 (+44.4%), from €27,003 to €39,005
- Financial income -€9,328
down €9,328 (-47.9%), from €19,486 to €10,158
- Depreciation +€2,677
up €2,677 (+11.1%), from €24,189 to €26,866
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 | €920,130 | €754,740 | -€165,390 | -18.0% |
| Fixed assets | 21/28 | €132,674 | €105,807 | -€26,866 | -20.2% |
| Intangible fixed assets | 21 | €902 | €719 | -€184 | -20.3% |
| Tangible fixed assets | 22/27 | €122,571 | €95,889 | -€26,683 | -21.8% |
| Land and buildings | 22 | €109,146 | €85,850 | -€23,296 | -21.3% |
| Furniture and vehicles | 24 | €13,426 | €10,039 | -€3,387 | -25.2% |
| Financial fixed assets | 28 | €9,200 | €9,200 | = | 0.0% |
| Current assets | 29/58 | €787,456 | €648,932 | -€138,524 | -17.6% |
| Stocks and contracts in progress | 3 | €194,086 | €86,846 | -€107,241 | -55.3% |
| Stocks | 30/36 | €194,086 | €86,846 | -€107,241 | -55.3% |
| Amounts receivable within one year | 40/41 | €348,103 | €344,337 | -€3,765 | -1.1% |
| Trade receivables | 40 | €346,745 | €260,871 | -€85,873 | -24.8% |
| Other amounts receivable | 41 | €1,358 | €83,466 | +€82,108 | +6046.6% |
| Cash at bank and in hand | 54/58 | €245,268 | €217,750 | -€27,518 | -11.2% |
| Total equity and liabilities | 10/49 | €920,130 | €754,740 | -€165,390 | -18.0% |
| Equity | 10/15 | €278,182 | €284,439 | +€6,258 | +2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €259,590 | €265,847 | +€6,258 | +2.4% |
| Distributable reserves | 133 | €259,590 | €265,847 | +€6,258 | +2.4% |
| Amounts payable | 17/49 | €641,948 | €470,300 | -€171,648 | -26.7% |
| Amounts payable after more than one year | 17 | €326,534 | €344,866 | +€18,332 | +5.6% |
| Other amounts payable | 178/9 | €326,534 | €344,866 | +€18,332 | +5.6% |
| Amounts payable within one year | 42/48 | €270,968 | €101,393 | -€169,576 | -62.6% |
| Trade debts | 44 | €132,836 | €94,901 | -€37,935 | -28.6% |
| Suppliers | 440/4 | €132,836 | €94,901 | -€37,935 | -28.6% |
| Taxes, remuneration and social security | 45 | €29,987 | €6,492 | -€23,495 | -78.4% |
| Taxes | 450/3 | €29,987 | €6,492 | -€23,495 | -78.4% |
| Other amounts payable | 47/48 | €108,146 | - | -€108,146 | |
| Accrued charges and deferred income | 492/3 | €44,446 | €24,042 | -€20,404 | -45.9% |
| Remuneration, social security and pensions | 62 | €67,552 | €69,835 | +€2,283 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,189 | €26,866 | +€2,677 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €52,220 | -€15,531 | -€67,751 | |
| Other operating charges | 640/8 | €6,063 | €6,056 | -€6 | -0.1% |
| Gross operating margin | 9900 | €65,423 | €122,331 | +€56,908 | +87.0% |
| Operating profit (loss) | 9901 | -€84,601 | €35,105 | +€119,705 | |
| Financial income | 75/76B | €19,486 | €10,158 | -€9,328 | -47.9% |
| Recurring financial income | 75 | €19,486 | €10,158 | -€9,328 | -47.9% |
| Financial charges | 65/66B | €27,003 | €39,005 | +€12,002 | +44.4% |
| Recurring financial charges | 65 | €27,003 | €39,005 | +€12,002 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | -€92,117 | €6,258 | +€98,375 | |
| Profit (loss) for the period | 9904 | -€92,117 | €6,258 | +€98,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,117 | €6,258 | +€98,375 |
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 11 October 2026 via checked.be.