MOTO 46: 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.
MOTO 46
Largest movements
- Stocks and contracts -€82,631
down €82,631 (-53.1%), from €155,503 to €72,872
- Cash +€34,552
up €34,552 (+1,016%), from €3,400 to €37,952
mainly Stocks and contracts (+€82,631) and Net result for the year (+€24,573)
- Receivables within one year +€13,886
up €13,886 (+158%), from €8,814 to €22,700
of which Trade receivables: +€13,951
- Deferred charges and accrued income -€1,944
no longer reported in 2025 (was €1,944)
- Short-term financial debts -€49,290
no longer reported in 2025 (was €49,290)
- Reserves +€24,573
up €24,573 (+119%), from €20,680 to €45,253
- Trade debts -€16,541
no longer reported in 2025 (was €16,541)
of which Suppliers: -€16,441
- Tax, wage and social debts +€6,668
up €6,668 (+45.1%), from €14,770 to €21,438
of which Taxes: +€8,907
- Financial charges -€3,870
down €3,870 (-44.4%), from €8,721 to €4,851
- Other operating charges -€2,610
down €2,610 (-43.5%), from €6,000 to €3,391
- Taxes +€911
up €911 (+10.3%), from €8,847 to €9,757
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 | €184,912 | €148,535 | -€36,378 | -19.7% |
| Fixed assets | 21/28 | €15,251 | €15,010 | -€241 | -1.6% |
| Tangible fixed assets | 22/27 | €1,426 | €1,185 | -€241 | -16.9% |
| Plant, machinery and equipment | 23 | - | €259 | +€259 | |
| Furniture and vehicles | 24 | €1,426 | €926 | -€500 | -35.1% |
| Financial fixed assets | 28 | €13,825 | €13,825 | = | 0.0% |
| Current assets | 29/58 | €169,661 | €133,525 | -€36,137 | -21.3% |
| Stocks and contracts in progress | 3 | €155,503 | €72,872 | -€82,631 | -53.1% |
| Stocks | 30/36 | €155,503 | €72,872 | -€82,631 | -53.1% |
| Amounts receivable within one year | 40/41 | €8,814 | €22,700 | +€13,886 | +158% |
| Trade receivables | 40 | €8,749 | €22,700 | +€13,951 | +159% |
| Other amounts receivable | 41 | €65 | - | -€65 | |
| Cash at bank and in hand | 54/58 | €3,400 | €37,952 | +€34,552 | +1,016% |
| Deferred charges and accrued income | 490/1 | €1,944 | - | -€1,944 | |
| Total equity and liabilities | 10/49 | €184,912 | €148,535 | -€36,378 | -19.7% |
| Equity | 10/15 | €93,039 | €117,612 | +€24,573 | +26.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,680 | €45,253 | +€24,573 | +119% |
| Distributable reserves | 133 | €20,680 | €45,253 | +€24,573 | +119% |
| Profit (loss) carried forward | 14 | €59,959 | €59,959 | = | 0.0% |
| Amounts payable | 17/49 | €91,873 | €30,923 | -€60,951 | -66.3% |
| Amounts payable within one year | 42/48 | €91,873 | €30,923 | -€60,951 | -66.3% |
| Financial debts | 43 | €49,290 | - | -€49,290 | |
| Credit institutions | 430/8 | €49,290 | - | -€49,290 | |
| Trade debts | 44 | €16,541 | - | -€16,541 | |
| Suppliers | 440/4 | €16,441 | - | -€16,441 | |
| Bills of exchange payable | 441 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €14,770 | €21,438 | +€6,668 | +45.1% |
| Taxes | 450/3 | €12,531 | €21,438 | +€8,907 | +71.1% |
| Remuneration and social security | 454/9 | €2,239 | - | -€2,239 | |
| Other amounts payable | 47/48 | €11,272 | €9,484 | -€1,788 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €6,000 | €3,391 | -€2,610 | -43.5% |
| Gross operating margin | 9900 | €42,877 | €43,069 | +€192 | +0.4% |
| Operating profit (loss) | 9901 | €36,377 | €39,178 | +€2,802 | +7.7% |
| Financial income | 75/76B | €11 | €3 | -€8 | -71.6% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -71.6% |
| Financial charges | 65/66B | €8,721 | €4,851 | -€3,870 | -44.4% |
| Recurring financial charges | 65 | €8,721 | €4,851 | -€3,870 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €27,667 | €34,331 | +€6,664 | +24.1% |
| Income taxes | 67/77 | €8,847 | €9,757 | +€911 | +10.3% |
| Profit (loss) for the period | 9904 | €18,820 | €24,573 | +€5,753 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,820 | €24,573 | +€5,753 | +30.6% |
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.