MoTeCon: 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.
MoTeCon
Largest movements
- Cash -€36,826
down €36,826 (-80.0%), from €46,024 to €9,198
mainly Investment in fixed assets (net) (-€43,281) and Trade debts (-€12,378)
- Tangible fixed assets +€21,145
up €21,145 (+10.4%), from €204,161 to €225,306
of which Land and buildings: +€91,665
- Receivables within one year +€7,771
up €7,771 (+24.3%), from €32,027 to €39,798
of which Trade receivables: +€11,638
- Trade debts -€12,378
down €12,378 (-76.0%), from €16,284 to €3,906
- Current portion of long-term debt +€5,894
up €5,894 (+32.7%), from €18,004 to €23,898
- Reserves +€5,200
up €5,200 (+12.2%), from €42,659 to €47,859
- Tax, wage and social debts -€4,256
down €4,256 (-24.2%), from €17,579 to €13,323
of which Taxes: -€4,256
- Depreciation -€10,452
down €10,452 (-32.1%), from €32,588 to €22,136
- Gross operating margin -€8,297
down €8,297 (-17.8%), from €46,633 to €38,336
- Financial charges +€3,973
up €3,973 (+90.0%), from €4,413 to €8,386
- Taxes -€748
down €748 (-23.4%), from €3,200 to €2,453
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 | €283,082 | €274,932 | -€8,150 | -2.9% |
| Fixed assets | 21/28 | €204,161 | €225,306 | +€21,145 | +10.4% |
| Tangible fixed assets | 22/27 | €204,161 | €225,306 | +€21,145 | +10.4% |
| Land and buildings | 22 | €86,708 | €178,373 | +€91,665 | +105.7% |
| Plant, machinery and equipment | 23 | €7,680 | €5,140 | -€2,540 | -33.1% |
| Furniture and vehicles | 24 | €51,272 | €41,792 | -€9,480 | -18.5% |
| Assets under construction and advance payments | 27 | €58,500 | €0 | -€58,500 | -100.0% |
| Current assets | 29/58 | €78,921 | €49,626 | -€29,294 | -37.1% |
| Amounts receivable within one year | 40/41 | €32,027 | €39,798 | +€7,771 | +24.3% |
| Trade receivables | 40 | €15,548 | €27,186 | +€11,638 | +74.8% |
| Other amounts receivable | 41 | €16,479 | €12,612 | -€3,866 | -23.5% |
| Cash at bank and in hand | 54/58 | €46,024 | €9,198 | -€36,826 | -80.0% |
| Deferred charges and accrued income | 490/1 | €870 | €630 | -€239 | -27.5% |
| Total equity and liabilities | 10/49 | €283,082 | €274,932 | -€8,150 | -2.9% |
| Equity | 10/15 | €45,233 | €50,376 | +€5,144 | +11.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,659 | €47,859 | +€5,200 | +12.2% |
| Distributable reserves | 133 | €42,659 | €47,859 | +€5,200 | +12.2% |
| Profit (loss) carried forward | 14 | €74 | €18 | -€56 | -76.1% |
| Amounts payable | 17/49 | €237,849 | €224,556 | -€13,293 | -5.6% |
| Amounts payable after more than one year | 17 | €185,478 | €183,278 | -€2,199 | -1.2% |
| Financial debts | 170/4 | €185,478 | €183,278 | -€2,199 | -1.2% |
| Amounts payable within one year | 42/48 | €51,867 | €41,127 | -€10,740 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €18,004 | €23,898 | +€5,894 | +32.7% |
| Trade debts | 44 | €16,284 | €3,906 | -€12,378 | -76.0% |
| Suppliers | 440/4 | €16,284 | €3,906 | -€12,378 | -76.0% |
| Taxes, remuneration and social security | 45 | €17,579 | €13,323 | -€4,256 | -24.2% |
| Taxes | 450/3 | €15,579 | €11,323 | -€4,256 | -27.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €504 | €150 | -€354 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,588 | €22,136 | -€10,452 | -32.1% |
| Other operating charges | 640/8 | €607 | €1,001 | +€394 | +64.9% |
| Gross operating margin | 9900 | €46,633 | €38,336 | -€8,297 | -17.8% |
| Operating profit (loss) | 9901 | €13,438 | €15,199 | +€1,761 | +13.1% |
| Financial income | 75/76B | €750 | €783 | +€33 | +4.5% |
| Recurring financial income | 75 | €750 | €783 | +€33 | +4.5% |
| Financial charges | 65/66B | €4,413 | €8,386 | +€3,973 | +90.0% |
| Recurring financial charges | 65 | €4,413 | €8,386 | +€3,973 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €9,775 | €7,596 | -€2,179 | -22.3% |
| Income taxes | 67/77 | €3,200 | €2,453 | -€748 | -23.4% |
| Profit (loss) for the period | 9904 | €6,574 | €5,144 | -€1,431 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,574 | €5,144 | -€1,431 | -21.8% |
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.