MKmotiv: 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.
MKmotiv
Largest movements
- Stocks and contracts +€166,780
up €166,780 (+8.2%), from €2.0m to €2.2m
- Receivables within one year +€83,142
up €83,142 (+53.6%), from €155,106 to €238,248
of which Trade receivables: +€173,872
- Cash -€68,716
down €68,716 (-34.8%), from €197,523 to €128,808
mainly Stocks and contracts (-€166,780) and Debts after one year (-€159,730)
- Tangible fixed assets -€46,166
down €46,166 (-22.2%), from €207,501 to €161,335
- Other debts +€314,926
up €314,926 (+20.3%), from €1.6m to €1.9m
- Debts after one year -€159,730
down €159,730 (-97.5%), from €163,870 to €4,139
- Trade debts -€158,763
down €158,763 (-67.4%), from €235,409 to €76,647
- Reserves +€110,795
up €110,795 (+24.9%), from €444,661 to €555,456
- Tax, wage and social debts +€36,623
up €36,623 (+103%), from €35,544 to €72,167
of which Taxes: +€39,765
- Gross operating margin +€95,736
up €95,736 (+52.9%), from €181,009 to €276,745
- Taxes +€30,055
up €30,055 (+149%), from €20,214 to €50,270
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 | €2,602,594 | €2,751,113 | +€148,519 | +5.7% |
| Fixed assets | 21/28 | €208,001 | €161,835 | -€46,166 | -22.2% |
| Tangible fixed assets | 22/27 | €207,501 | €161,335 | -€46,166 | -22.2% |
| Plant, machinery and equipment | 23 | €7,040 | €4,779 | -€2,261 | -32.1% |
| Furniture and vehicles | 24 | €61,153 | €42,658 | -€18,495 | -30.2% |
| Leasing and similar rights | 25 | €28,271 | €16,410 | -€11,861 | -42.0% |
| Other tangible fixed assets | 26 | €111,037 | €97,488 | -€13,549 | -12.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,394,593 | €2,589,278 | +€194,685 | +8.1% |
| Stocks and contracts in progress | 3 | €2,040,953 | €2,207,734 | +€166,780 | +8.2% |
| Stocks | 30/36 | €2,040,953 | €2,207,734 | +€166,780 | +8.2% |
| Amounts receivable within one year | 40/41 | €155,106 | €238,248 | +€83,142 | +53.6% |
| Trade receivables | 40 | €64,376 | €238,248 | +€173,872 | +270% |
| Other amounts receivable | 41 | €90,730 | - | -€90,730 | |
| Cash at bank and in hand | 54/58 | €197,523 | €128,808 | -€68,716 | -34.8% |
| Deferred charges and accrued income | 490/1 | €1,011 | €14,489 | +€13,478 | +1,334% |
| Total equity and liabilities | 10/49 | €2,602,594 | €2,751,113 | +€148,519 | +5.7% |
| Equity | 10/15 | €449,661 | €560,456 | +€110,795 | +24.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €444,661 | €555,456 | +€110,795 | +24.9% |
| Distributable reserves | 133 | €444,661 | €555,456 | +€110,795 | +24.9% |
| Amounts payable | 17/49 | €2,152,933 | €2,190,656 | +€37,723 | +1.8% |
| Amounts payable after more than one year | 17 | €163,870 | €4,139 | -€159,730 | -97.5% |
| Financial debts | 170/4 | €163,870 | €4,139 | -€159,730 | -97.5% |
| Amounts payable within one year | 42/48 | €1,989,063 | €2,177,505 | +€188,442 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €165,575 | €159,730 | -€5,845 | -3.5% |
| Trade debts | 44 | €235,409 | €76,647 | -€158,763 | -67.4% |
| Suppliers | 440/4 | €235,409 | €76,647 | -€158,763 | -67.4% |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €35,544 | €72,167 | +€36,623 | +103% |
| Taxes | 450/3 | €22,976 | €62,741 | +€39,765 | +173% |
| Remuneration and social security | 454/9 | €12,568 | €9,427 | -€3,142 | -25.0% |
| Other amounts payable | 47/48 | €1,552,535 | €1,867,461 | +€314,926 | +20.3% |
| Accrued charges and deferred income | 492/3 | - | €9,012 | +€9,012 | |
| Remuneration, social security and pensions | 62 | €46,484 | €48,291 | +€1,807 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,454 | €48,504 | +€51 | +0.1% |
| Other operating charges | 640/8 | €6,301 | €7,575 | +€1,275 | +20.2% |
| Gross operating margin | 9900 | €181,009 | €276,745 | +€95,736 | +52.9% |
| Operating profit (loss) | 9901 | €79,772 | €172,375 | +€92,604 | +116% |
| Financial income | 75/76B | €11 | €4 | -€8 | -66.7% |
| Recurring financial income | 75 | €11 | €4 | -€8 | -66.7% |
| Financial charges | 65/66B | €12,508 | €11,314 | -€1,194 | -9.5% |
| Recurring financial charges | 65 | €12,508 | €11,314 | -€1,194 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €67,275 | €161,065 | +€93,790 | +139% |
| Income taxes | 67/77 | €20,214 | €50,270 | +€30,055 | +149% |
| Profit (loss) for the period | 9904 | €47,061 | €110,795 | +€63,734 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €47,061 | €110,795 | +€63,734 | +135% |
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 25 October 2026 via checked.be.