MOTOKWA: 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.
MOTOKWA
Largest movements
- Tangible fixed assets +€68,194
new in 2025: €68,194
of which Leasing and similar rights: +€58,775
- Receivables within one year +€21,946
up €21,946 (+70.6%), from €31,106 to €53,053
of which Trade receivables: +€23,096
- Cash -€20,085
down €20,085 (-92.6%), from €21,697 to €1,612
mainly Investment in fixed assets (net) (-€74,767) and Receivables within one year (-€21,946)
- Deferred charges and accrued income +€1,379
up €1,379 (+2,389%), from €58 to €1,436
- Debts after one year +€51,660
new in 2025: €51,660
- Current portion of long-term debt +€15,107
new in 2025: €15,107
- Trade debts +€3,228
up €3,228 (+38.2%), from €8,459 to €11,687
- Tax, wage and social debts +€2,155
up €2,155 (+22.7%), from €9,475 to €11,630
of which Taxes: +€2,245
- Financial charges +€45,778
up €45,778 (+10,465%), from €437 to €46,215
- Gross operating margin +€14,520
up €14,520 (+35.0%), from €41,459 to €55,979
- Taxes -€8,107
down €8,107 (-87.0%), from €9,315 to €1,208
- Depreciation +€6,573
new in 2025: €6,573
- Other operating charges +€895
up €895 (+593%), from €151 to €1,046
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 | €53,421 | €124,855 | +€71,434 | +134% |
| Fixed assets | 21/28 | €560 | €68,754 | +€68,194 | +12,177% |
| Tangible fixed assets | 22/27 | - | €68,194 | +€68,194 | |
| Land and buildings | 22 | - | €7,884 | +€7,884 | |
| Furniture and vehicles | 24 | - | €1,535 | +€1,535 | |
| Leasing and similar rights | 25 | - | €58,775 | +€58,775 | |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €52,861 | €56,101 | +€3,240 | +6.1% |
| Amounts receivable within one year | 40/41 | €31,106 | €53,053 | +€21,946 | +70.6% |
| Trade receivables | 40 | €29,956 | €53,053 | +€23,096 | +77.1% |
| Other amounts receivable | 41 | €1,150 | €0 | -€1,150 | -100% |
| Cash at bank and in hand | 54/58 | €21,697 | €1,612 | -€20,085 | -92.6% |
| Deferred charges and accrued income | 490/1 | €58 | €1,436 | +€1,379 | +2,389% |
| Total equity and liabilities | 10/49 | €53,421 | €124,855 | +€71,434 | +134% |
| Equity | 10/15 | €33,756 | €33,859 | +€103 | +0.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,756 | €30,859 | +€103 | +0.3% |
| Distributable reserves | 133 | €30,756 | €30,859 | +€103 | +0.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,665 | €90,996 | +€71,330 | +363% |
| Amounts payable after more than one year | 17 | - | €51,660 | +€51,660 | |
| Financial debts | 170/4 | - | €51,660 | +€51,660 | |
| Amounts payable within one year | 42/48 | €19,606 | €39,316 | +€19,710 | +101% |
| Current portion of amounts payable after more than one year | 42 | - | €15,107 | +€15,107 | |
| Trade debts | 44 | €8,459 | €11,687 | +€3,228 | +38.2% |
| Suppliers | 440/4 | €8,459 | €11,687 | +€3,228 | +38.2% |
| Taxes, remuneration and social security | 45 | €9,475 | €11,630 | +€2,155 | +22.7% |
| Taxes | 450/3 | €9,315 | €11,560 | +€2,245 | +24.1% |
| Remuneration and social security | 454/9 | €160 | €70 | -€90 | -56.3% |
| Other amounts payable | 47/48 | €1,672 | €892 | -€780 | -46.7% |
| Accrued charges and deferred income | 492/3 | €60 | €20 | -€40 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,573 | +€6,573 | |
| Other operating charges | 640/8 | €151 | €1,046 | +€895 | +593% |
| Gross operating margin | 9900 | €41,459 | €55,979 | +€14,520 | +35.0% |
| Operating profit (loss) | 9901 | €41,308 | €48,359 | +€7,051 | +17.1% |
| Financial charges | 65/66B | €437 | €46,215 | +€45,778 | +10,465% |
| Recurring financial charges | 65 | €437 | €46,215 | +€45,778 | +10,465% |
| Profit (loss) for the period before taxes | 9903 | €40,871 | €2,144 | -€38,727 | -94.8% |
| Income taxes | 67/77 | €9,315 | €1,208 | -€8,107 | -87.0% |
| Profit (loss) for the period | 9904 | €31,556 | €936 | -€30,619 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,556 | €936 | -€30,619 | -97.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.