MOTO'S MAES: what changed
MOTO'S MAES
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-35.6%), from €2.9m to €1.9m
- Receivables within one year +€248,637
up €248,637 (+1,244%), from €19,994 to €268,631
of which Other amounts receivable: +€224,411
- Tangible fixed assets -€180,883
down €180,883 (-41.5%), from €436,062 to €255,179
of which Land and buildings: -€151,693
- Cash -€106,223
down €106,223 (-78.6%), from €135,175 to €28,953
mainly Other debts (-€414,828) and Debts after one year (-€350,000)
- Other debts -€414,828
no longer reported in 2025 (was €414,828)
- Debts after one year -€350,000
down €350,000 (-49.9%), from €701,499 to €351,499
of which Financial debts: -€400,000
- Advances received -€250,000
no longer reported in 2025 (was €250,000)
- Trade debts -€140,717
down €140,717 (-20.1%), from €700,417 to €559,700
- Reserves -€110,514
down €110,514 (-8.9%), from €1.2m to €1.1m
of which Distributable reserves: -€110,514
- Gross operating margin +€242,476
up €242,476 (+49.5%), from €489,493 to €731,969
- Taxes +€97,614
up €97,614 (+1,249%), from €7,813 to €105,427
- Financial charges -€32,435
down €32,435 (-45.6%), from €71,081 to €38,647
- Depreciation -€31,683
down €31,683 (-54.0%), from €58,708 to €27,025
- Staff costs +€26,102
up €26,102 (+7.5%), from €348,147 to €374,249
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,498,739 | €2,426,047 | -€1.1m | -30.7% |
| Fixed assets | 21/28 | €437,346 | €256,463 | -€180,883 | -41.4% |
| Tangible fixed assets | 22/27 | €436,062 | €255,179 | -€180,883 | -41.5% |
| Land and buildings | 22 | €376,165 | €224,472 | -€151,693 | -40.3% |
| Plant, machinery and equipment | 23 | €27,906 | €7,923 | -€19,983 | -71.6% |
| Furniture and vehicles | 24 | €31,991 | €22,784 | -€9,207 | -28.8% |
| Financial fixed assets | 28 | €1,284 | €1,284 | = | 0.0% |
| Current assets | 29/58 | €3,061,393 | €2,169,584 | -€891,809 | -29.1% |
| Stocks and contracts in progress | 3 | €2,906,224 | €1,872,000 | -€1.0m | -35.6% |
| Stocks | 30/36 | €2,906,224 | €1,872,000 | -€1.0m | -35.6% |
| Amounts receivable within one year | 40/41 | €19,994 | €268,631 | +€248,637 | +1,244% |
| Trade receivables | 40 | €16,859 | €41,086 | +€24,227 | +144% |
| Other amounts receivable | 41 | €3,135 | €227,546 | +€224,411 | +7,158% |
| Cash at bank and in hand | 54/58 | €135,175 | €28,953 | -€106,223 | -78.6% |
| Total equity and liabilities | 10/49 | €3,498,739 | €2,426,047 | -€1.1m | -30.7% |
| Equity | 10/15 | €1,271,179 | €1,160,665 | -€110,514 | -8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,237,087 | €1,126,573 | -€110,514 | -8.9% |
| Non-distributable reserves | 130/1 | €6,109 | €6,109 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,109 | €6,109 | = | 0.0% |
| Distributable reserves | 133 | €1,230,977 | €1,120,464 | -€110,514 | -9.0% |
| Investment grants | 15 | €15,500 | €15,500 | = | 0.0% |
| Amounts payable | 17/49 | €2,227,560 | €1,265,382 | -€962,179 | -43.2% |
| Amounts payable after more than one year | 17 | €701,499 | €351,499 | -€350,000 | -49.9% |
| Financial debts | 170/4 | €700,000 | €300,000 | -€400,000 | -57.1% |
| Other amounts payable | 178/9 | €1,499 | €51,499 | +€50,000 | +3,336% |
| Amounts payable within one year | 42/48 | €1,526,062 | €913,883 | -€612,179 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €99,526 | €198,828 | +€99,302 | +99.8% |
| Trade debts | 44 | €700,417 | €559,700 | -€140,717 | -20.1% |
| Suppliers | 440/4 | €700,417 | €559,700 | -€140,717 | -20.1% |
| Advances received on contracts in progress | 46 | €250,000 | - | -€250,000 | |
| Taxes, remuneration and social security | 45 | €61,291 | €155,355 | +€94,064 | +153% |
| Taxes | 450/3 | €948 | €120,441 | +€119,493 | +12,611% |
| Remuneration and social security | 454/9 | €60,343 | €34,914 | -€25,429 | -42.1% |
| Other amounts payable | 47/48 | €414,828 | - | -€414,828 | |
| Non-recurring operating income | 76A | - | €1,317,455 | +€1.3m | |
| Remuneration, social security and pensions | 62 | €348,147 | €374,249 | +€26,102 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,708 | €27,025 | -€31,683 | -54.0% |
| Other operating charges | 640/8 | €28,304 | €19,587 | -€8,718 | -30.8% |
| Gross operating margin | 9900 | €489,493 | €731,969 | +€242,476 | +49.5% |
| Operating profit (loss) | 9901 | €54,333 | €311,107 | +€256,774 | +473% |
| Financial income | 75/76B | €34,036 | €33,909 | -€127 | -0.4% |
| Recurring financial income | 75 | €34,036 | €33,909 | -€127 | -0.4% |
| Financial charges | 65/66B | €71,081 | €38,647 | -€32,435 | -45.6% |
| Recurring financial charges | 65 | €71,081 | €38,647 | -€32,435 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €17,288 | €306,370 | +€289,082 | +1,672% |
| Income taxes | 67/77 | €7,813 | €105,427 | +€97,614 | +1,249% |
| Profit (loss) for the period | 9904 | €9,476 | €200,943 | +€191,467 | +2,021% |
| Profit (loss) for the period to be appropriated | 9905 | €9,476 | €200,943 | +€191,467 | +2,021% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.