MOT DAVID: what changed
Two fiscal 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.
MOT DAVID
Largest movements
- Tangible fixed assets +€58,675
up €58,675 (+1735.1%), from €3,382 to €62,057
- Current investments +€22,789
up €22,789 (+436.4%), from €5,222 to €28,010
- Receivables within one year +€17,148
up €17,148 (+27.3%), from €62,751 to €79,900
- Deferred charges and accrued income -€5,532
down €5,532 (-57.0%), from €9,711 to €4,178
- Debts after one year +€40,931
new in 2025: €40,931
- Reserves +€33,814
up €33,814 (+41.0%), from €82,379 to €116,193
- Current portion of long-term debt +€9,855
new in 2025: €9,855
- Tax, wage and social debts +€4,942
up €4,942 (+119.8%), from €4,126 to €9,068
of which Taxes: +€3,692
- Gross operating margin +€12,177
up €12,177 (+32.1%), from €37,877 to €50,054
- Taxes +€3,595
up €3,595 (+28.5%), from €12,626 to €16,221
- Financial income +€2,577
up €2,577 (+75.7%), from €3,403 to €5,981
- Depreciation -€2,214
down €2,214 (-43.5%), from €5,095 to €2,881
- Other operating charges +€1,065
up €1,065 (+335.6%), from €318 to €1,383
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 | €101,757 | €193,009 | +€91,251 | +89.7% |
| Fixed assets | 21/28 | €3,737 | €62,412 | +€58,675 | +1570.2% |
| Tangible fixed assets | 22/27 | €3,382 | €62,057 | +€58,675 | +1735.1% |
| Furniture and vehicles | 24 | €3,382 | €62,057 | +€58,675 | +1735.1% |
| Financial fixed assets | 28 | €355 | €355 | = | 0.0% |
| Current assets | 29/58 | €98,021 | €130,597 | +€32,576 | +33.2% |
| Amounts receivable within one year | 40/41 | €62,751 | €79,900 | +€17,148 | +27.3% |
| Other amounts receivable | 41 | €62,751 | €79,900 | +€17,148 | +27.3% |
| Current investments | 50/53 | €5,222 | €28,010 | +€22,789 | +436.4% |
| Cash at bank and in hand | 54/58 | €20,337 | €18,509 | -€1,828 | -9.0% |
| Deferred charges and accrued income | 490/1 | €9,711 | €4,178 | -€5,532 | -57.0% |
| Total equity and liabilities | 10/49 | €101,757 | €193,009 | +€91,251 | +89.7% |
| Equity | 10/15 | €91,379 | €125,193 | +€33,814 | +37.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €82,379 | €116,193 | +€33,814 | +41.0% |
| Distributable reserves | 133 | €82,379 | €116,193 | +€33,814 | +41.0% |
| Amounts payable | 17/49 | €10,379 | €67,816 | +€57,437 | +553.4% |
| Amounts payable after more than one year | 17 | - | €40,931 | +€40,931 | |
| Financial debts | 170/4 | - | €40,931 | +€40,931 | |
| Amounts payable within one year | 42/48 | €10,379 | €26,885 | +€16,506 | +159.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,855 | +€9,855 | |
| Trade debts | 44 | €929 | €2,638 | +€1,709 | +183.8% |
| Suppliers | 440/4 | €929 | €2,638 | +€1,709 | +183.8% |
| Taxes, remuneration and social security | 45 | €4,126 | €9,068 | +€4,942 | +119.8% |
| Taxes | 450/3 | €4,126 | €7,818 | +€3,692 | +89.5% |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €5,323 | €5,323 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,095 | €2,881 | -€2,214 | -43.5% |
| Other operating charges | 640/8 | €318 | €1,383 | +€1,065 | +335.6% |
| Gross operating margin | 9900 | €37,877 | €50,054 | +€12,177 | +32.1% |
| Operating profit (loss) | 9901 | €32,464 | €45,790 | +€13,326 | +41.0% |
| Financial income | 75/76B | €3,403 | €5,981 | +€2,577 | +75.7% |
| Recurring financial income | 75 | €3,403 | €5,981 | +€2,577 | +75.7% |
| Financial charges | 65/66B | €1,182 | €1,735 | +€553 | +46.8% |
| Recurring financial charges | 65 | €1,182 | €1,735 | +€553 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €34,685 | €50,035 | +€15,350 | +44.3% |
| Income taxes | 67/77 | €12,626 | €16,221 | +€3,595 | +28.5% |
| Profit (loss) for the period | 9904 | €22,059 | €33,814 | +€11,756 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,059 | €33,814 | +€11,756 | +53.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.