MOTEUR: 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.
MOTEUR
Largest movements
- Receivables within one year +€31,592
up €31,592 (+51.4%), from €61,411 to €93,003
of which Trade receivables: +€28,467
- Tangible fixed assets -€12,081
down €12,081 (-39.5%), from €30,571 to €18,490
of which Plant, machinery and equipment: -€10,150
- Cash -€1,231
down €1,231 (-9.9%), from €12,437 to €11,206
mainly Receivables within one year (-€31,592) and Contributions, distributions and other (-€17,650)
- Other debts +€9,689
up €9,689 (+95.9%), from €10,102 to €19,791
- Tax, wage and social debts +€8,845
up €8,845 (+406%), from €2,177 to €11,022
- Profit (loss) carried forward +€2,781
up €2,781 (+4.5%), from €61,866 to €64,647
- Current portion of long-term debt -€2,382
no longer reported in 2025 (was €2,382)
- Trade debts -€1,650
down €1,650 (-8.0%), from €20,630 to €18,980
- Gross operating margin +€15,379
up €15,379 (+57.0%), from €26,978 to €42,357
- Depreciation -€4,438
down €4,438 (-24.9%), from €17,819 to €13,381
- Taxes +€3,890
up €3,890 (+142%), from €2,735 to €6,625
- Other operating charges +€559
up €559 (+69.4%), from €805 to €1,364
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 | €105,642 | €122,925 | +€17,283 | +16.4% |
| Fixed assets | 21/28 | €30,654 | €18,573 | -€12,081 | -39.4% |
| Tangible fixed assets | 22/27 | €30,571 | €18,490 | -€12,081 | -39.5% |
| Plant, machinery and equipment | 23 | €28,132 | €17,982 | -€10,150 | -36.1% |
| Furniture and vehicles | 24 | €2,439 | €508 | -€1,931 | -79.2% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €74,988 | €104,352 | +€29,364 | +39.2% |
| Amounts receivable within one year | 40/41 | €61,411 | €93,003 | +€31,592 | +51.4% |
| Trade receivables | 40 | €52,621 | €81,088 | +€28,467 | +54.1% |
| Other amounts receivable | 41 | €8,790 | €11,915 | +€3,125 | +35.6% |
| Cash at bank and in hand | 54/58 | €12,437 | €11,206 | -€1,231 | -9.9% |
| Deferred charges and accrued income | 490/1 | €1,140 | €143 | -€997 | -87.5% |
| Total equity and liabilities | 10/49 | €105,642 | €122,925 | +€17,283 | +16.4% |
| Equity | 10/15 | €70,351 | €73,132 | +€2,781 | +4.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €485 | €485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €485 | €485 | = | 0.0% |
| Reserves not available under the articles | 1311 | €485 | €485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,866 | €64,647 | +€2,781 | +4.5% |
| Amounts payable | 17/49 | €35,291 | €49,793 | +€14,502 | +41.1% |
| Amounts payable within one year | 42/48 | €35,291 | €49,793 | +€14,502 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €2,382 | - | -€2,382 | |
| Trade debts | 44 | €20,630 | €18,980 | -€1,650 | -8.0% |
| Suppliers | 440/4 | €20,630 | €18,980 | -€1,650 | -8.0% |
| Taxes, remuneration and social security | 45 | €2,177 | €11,022 | +€8,845 | +406% |
| Taxes | 450/3 | €2,177 | €11,022 | +€8,845 | +406% |
| Other amounts payable | 47/48 | €10,102 | €19,791 | +€9,689 | +95.9% |
| Remuneration, social security and pensions | 62 | €34 | €3 | -€31 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,819 | €13,381 | -€4,438 | -24.9% |
| Other operating charges | 640/8 | €805 | €1,364 | +€559 | +69.4% |
| Gross operating margin | 9900 | €26,978 | €42,357 | +€15,379 | +57.0% |
| Operating profit (loss) | 9901 | €8,320 | €27,609 | +€19,289 | +232% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €813 | €553 | -€260 | -32.0% |
| Recurring financial charges | 65 | €813 | €553 | -€260 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €7,510 | €27,056 | +€19,546 | +260% |
| Income taxes | 67/77 | €2,735 | €6,625 | +€3,890 | +142% |
| Profit (loss) for the period | 9904 | €4,775 | €20,431 | +€15,656 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €4,775 | €20,431 | +€15,656 | +328% |
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 21 October 2026 via checked.be.