MOTECO: 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.
MOTECO
Largest movements
- Stocks and contracts +€361,015
up €361,015 (+260%), from €139,044 to €500,059
- Cash -€5,583
down €5,583 (-47.0%), from €11,888 to €6,305
mainly Stocks and contracts (-€361,015) and Net result for the year (-€26,568)
- Other debts +€382,701
up €382,701 (+265%), from €144,147 to €526,849
- Profit (loss) carried forward -€26,568
down €26,568 (-491%), from -€5,415 to -€31,983
- Gross operating margin -€83,828
down €83,828, from €61,425 to -€22,403
- Financial charges -€9,483
down €9,483 (-99.1%), from €9,571 to €87
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 | €171,093 | €528,605 | +€357,512 | +209% |
| Fixed assets | 21/28 | €1,952 | €1,161 | -€791 | -40.5% |
| Tangible fixed assets | 22/27 | €1,952 | €1,161 | -€791 | -40.5% |
| Plant, machinery and equipment | 23 | €275 | - | -€275 | |
| Furniture and vehicles | 24 | €1,676 | €1,161 | -€516 | -30.8% |
| Current assets | 29/58 | €169,141 | €527,444 | +€358,303 | +212% |
| Stocks and contracts in progress | 3 | €139,044 | €500,059 | +€361,015 | +260% |
| Stocks | 30/36 | €139,044 | €500,059 | +€361,015 | +260% |
| Amounts receivable within one year | 40/41 | €18,157 | €21,081 | +€2,924 | +16.1% |
| Other amounts receivable | 41 | €18,157 | €21,081 | +€2,924 | +16.1% |
| Cash at bank and in hand | 54/58 | €11,888 | €6,305 | -€5,583 | -47.0% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €171,093 | €528,605 | +€357,512 | +209% |
| Equity | 10/15 | €14,854 | -€11,714 | -€26,568 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,677 | €1,677 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,677 | €1,677 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,677 | €1,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,415 | -€31,983 | -€26,568 | -491% |
| Amounts payable | 17/49 | €156,239 | €540,319 | +€384,080 | +246% |
| Amounts payable within one year | 42/48 | €156,239 | €540,319 | +€384,080 | +246% |
| Trade debts | 44 | - | €1,319 | +€1,319 | |
| Suppliers | 440/4 | - | €1,319 | +€1,319 | |
| Taxes, remuneration and social security | 45 | €12,092 | €12,152 | +€60 | +0.5% |
| Taxes | 450/3 | €92 | €152 | +€60 | +65.4% |
| Remuneration and social security | 454/9 | €12,000 | €12,000 | = | 0.0% |
| Other amounts payable | 47/48 | €144,147 | €526,849 | +€382,701 | +265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,003 | €791 | -€212 | -21.2% |
| Other operating charges | 640/8 | €3,721 | €3,287 | -€434 | -11.7% |
| Non-recurring operating charges | 66A | €1,144 | - | -€1,144 | |
| Gross operating margin | 9900 | €61,425 | -€22,403 | -€83,828 | |
| Operating profit (loss) | 9901 | €55,557 | -€26,480 | -€82,037 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €9,571 | €87 | -€9,483 | -99.1% |
| Recurring financial charges | 65 | €9,571 | €87 | -€9,483 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €45,991 | -€26,568 | -€72,558 | |
| Profit (loss) for the period | 9904 | €45,991 | -€26,568 | -€72,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,991 | -€26,568 | -€72,558 |
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 17 October 2026 via checked.be.