Motogeel: 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.
Motogeel
Largest movements
- Receivables within one year +€39,729
up €39,729 (+78.5%), from €50,614 to €90,343
of which Other amounts receivable: +€40,631
- Tangible fixed assets -€18,154
down €18,154 (-100%), from €18,154 to €0
of which Furniture and vehicles: -€18,154
- Stocks and contracts -€14,424
down €14,424 (-41.7%), from €34,574 to €20,150
- Cash +€9,033
up €9,033 (+13.4%), from €67,383 to €76,416
mainly Net result for the year (+€19,923) and Investment in fixed assets (net) (+€17,958)
- Reserves +€19,923
up €19,923 (+6.1%), from €329,267 to €349,190
of which Distributable reserves: +€19,923
- Accrued charges and deferred income -€3,739
down €3,739 (-73.5%), from €5,090 to €1,351
- Gross operating margin -€116,298
down €116,298 (-81.9%), from €141,991 to €25,693
- Other operating charges -€90,784
down €90,784 (-98.7%), from €91,998 to €1,214
- Depreciation -€8,089
down €8,089 (-92.9%), from €8,711 to €622
- Financial charges -€8,018
down €8,018 (-98.9%), from €8,106 to €88
- Financial income +€6,455
up €6,455 (+4,289%), from €151 to €6,605
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 | €353,439 | €368,604 | +€15,165 | +4.3% |
| Fixed assets | 21/28 | €18,969 | €389 | -€18,580 | -97.9% |
| Intangible fixed assets | 21 | €815 | €389 | -€426 | -52.2% |
| Tangible fixed assets | 22/27 | €18,154 | €0 | -€18,154 | -100% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,154 | €0 | -€18,154 | -100% |
| Current assets | 29/58 | €334,469 | €368,214 | +€33,745 | +10.1% |
| Stocks and contracts in progress | 3 | €34,574 | €20,150 | -€14,424 | -41.7% |
| Stocks | 30/36 | €34,574 | €20,150 | -€14,424 | -41.7% |
| Amounts receivable within one year | 40/41 | €50,614 | €90,343 | +€39,729 | +78.5% |
| Trade receivables | 40 | €23,935 | €23,033 | -€901 | -3.8% |
| Other amounts receivable | 41 | €26,679 | €67,310 | +€40,631 | +152% |
| Current investments | 50/53 | €180,000 | €180,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,383 | €76,416 | +€9,033 | +13.4% |
| Deferred charges and accrued income | 490/1 | €1,899 | €1,305 | -€593 | -31.3% |
| Total equity and liabilities | 10/49 | €353,439 | €368,604 | +€15,165 | +4.3% |
| Equity | 10/15 | €341,767 | €361,690 | +€19,923 | +5.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €329,267 | €349,190 | +€19,923 | +6.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €327,407 | €347,330 | +€19,923 | +6.1% |
| Amounts payable | 17/49 | €11,672 | €6,913 | -€4,758 | -40.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,582 | €5,562 | -€1,019 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,360 | €3,364 | -€996 | -22.8% |
| Suppliers | 440/4 | €4,360 | €3,364 | -€996 | -22.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,181 | €2,198 | +€18 | +0.8% |
| Taxes | 450/3 | €2,181 | €2,198 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €41 | €0 | -€41 | -100% |
| Accrued charges and deferred income | 492/3 | €5,090 | €1,351 | -€3,739 | -73.5% |
| Remuneration, social security and pensions | 62 | €339 | €0 | -€339 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,711 | €622 | -€8,089 | -92.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€164 | -€164 | |
| Other operating charges | 640/8 | €91,998 | €1,214 | -€90,784 | -98.7% |
| Gross operating margin | 9900 | €141,991 | €25,693 | -€116,298 | -81.9% |
| Operating profit (loss) | 9901 | €40,944 | €24,022 | -€16,922 | -41.3% |
| Financial income | 75/76B | €151 | €6,605 | +€6,455 | +4,289% |
| Recurring financial income | 75 | €151 | €6,605 | +€6,455 | +4,289% |
| Financial charges | 65/66B | €8,106 | €88 | -€8,018 | -98.9% |
| Recurring financial charges | 65 | €8,106 | €88 | -€8,018 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €32,988 | €30,539 | -€2,449 | -7.4% |
| Income taxes | 67/77 | €12,122 | €10,616 | -€1,507 | -12.4% |
| Profit (loss) for the period | 9904 | €20,865 | €19,923 | -€942 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,865 | €19,923 | -€942 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.