MOTEC: 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.
MOTEC
Largest movements
- Cash +€130,798
up €130,798 (+21.7%), from €603,264 to €734,062
mainly Net result for the year (+€60,192) and Stocks and contracts (+€33,087)
- Stocks and contracts -€33,087
down €33,087 (-43.9%), from €75,397 to €42,310
- Tangible fixed assets -€14,495
down €14,495 (-29.6%), from €48,893 to €34,398
of which Other tangible fixed assets: -€9,543
- Reserves +€63,638
up €63,638 (+8.3%), from €765,000 to €828,638
- Tax, wage and social debts +€24,318
up €24,318 (+99.3%), from €24,478 to €48,796
of which Taxes: +€20,939
- Turnover -€385,957
no longer reported in 2025 (was €385,957)
- Purchases and services -€248,779
no longer reported in 2025 (was €248,779)
- Gross operating margin -€49,962
down €49,962 (-35.0%), from €142,561 to €92,599
- Taxes -€12,606
down €12,606 (-34.6%), from €36,478 to €23,871
- Financial income +€6,602
up €6,602 (+783.5%), from €843 to €7,445
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 | €899,763 | €986,997 | +€87,234 | +9.7% |
| Fixed assets | 21/28 | €48,893 | €34,398 | -€14,495 | -29.6% |
| Tangible fixed assets | 22/27 | €48,893 | €34,398 | -€14,495 | -29.6% |
| Plant, machinery and equipment | 23 | €14,295 | €9,355 | -€4,940 | -34.6% |
| Furniture and vehicles | 24 | €13 | - | -€13 | |
| Other tangible fixed assets | 26 | €34,585 | €25,042 | -€9,543 | -27.6% |
| Current assets | 29/58 | €850,870 | €952,599 | +€101,730 | +12.0% |
| Stocks and contracts in progress | 3 | €75,397 | €42,310 | -€33,087 | -43.9% |
| Stocks | 30/36 | €75,397 | €42,310 | -€33,087 | -43.9% |
| Amounts receivable within one year | 40/41 | €71,825 | €73,156 | +€1,331 | +1.9% |
| Trade receivables | 40 | €71,821 | €73,027 | +€1,206 | +1.7% |
| Other amounts receivable | 41 | €4 | €129 | +€125 | +2996.4% |
| Current investments | 50/53 | €100,000 | €102,700 | +€2,700 | +2.7% |
| Cash at bank and in hand | 54/58 | €603,264 | €734,062 | +€130,798 | +21.7% |
| Deferred charges and accrued income | 490/1 | €384 | €371 | -€13 | -3.3% |
| Total equity and liabilities | 10/49 | €899,763 | €986,997 | +€87,234 | +9.7% |
| Equity | 10/15 | €787,038 | €847,230 | +€60,192 | +7.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €765,000 | €828,638 | +€63,638 | +8.3% |
| Distributable reserves | 133 | €765,000 | €828,638 | +€63,638 | +8.3% |
| Profit (loss) carried forward | 14 | €3,446 | - | -€3,446 | |
| Amounts payable | 17/49 | €112,725 | €139,767 | +€27,043 | +24.0% |
| Amounts payable within one year | 42/48 | €112,609 | €139,767 | +€27,158 | +24.1% |
| Trade debts | 44 | €1,676 | €4,154 | +€2,479 | +147.9% |
| Suppliers | 440/4 | €1,676 | €4,154 | +€2,479 | +147.9% |
| Taxes, remuneration and social security | 45 | €24,478 | €48,796 | +€24,318 | +99.3% |
| Taxes | 450/3 | €24,478 | €45,417 | +€20,939 | +85.5% |
| Remuneration and social security | 454/9 | - | €3,379 | +€3,379 | |
| Other amounts payable | 47/48 | €86,455 | €86,817 | +€362 | +0.4% |
| Accrued charges and deferred income | 492/3 | €115 | - | -€115 | |
| Turnover | 70 | €385,957 | - | -€385,957 | |
| Goods, raw materials, services and sundry goods | 60/61 | €248,779 | - | -€248,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,648 | €14,495 | -€153 | -1.0% |
| Other operating charges | 640/8 | €818 | €1,376 | +€558 | +68.2% |
| Gross operating margin | 9900 | €142,561 | €92,599 | -€49,962 | -35.0% |
| Operating profit (loss) | 9901 | €127,095 | €76,727 | -€50,368 | -39.6% |
| Financial income | 75/76B | €843 | €7,445 | +€6,602 | +783.5% |
| Recurring financial income | 75 | €843 | €7,445 | +€6,602 | +783.5% |
| Financial charges | 65/66B | €118 | €109 | -€9 | -8.0% |
| Recurring financial charges | 65 | €118 | €109 | -€9 | -7.9% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €127,819 | €84,063 | -€43,756 | -34.2% |
| Income taxes | 67/77 | €36,478 | €23,871 | -€12,606 | -34.6% |
| Profit (loss) for the period | 9904 | €91,342 | €60,192 | -€31,150 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,342 | €60,192 | -€31,150 | -34.1% |
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 10 October 2026 via checked.be.