MOTORAMA: what changed
Two fiscal 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.
MOTORAMA
Largest movements
- Cash +€462,668
up €462,668 (+73.6%), from €628,967 to €1.1m
mainly Other debts (+€747,009) and Stocks and contracts (+€369,285)
- Stocks and contracts -€369,285
down €369,285 (-33.4%), from €1.1m to €736,043
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Tangible fixed assets -€50,511
down €50,511 (-11.3%), from €445,355 to €394,844
of which Land and buildings: -€29,274
- Receivables within one year +€31,321
up €31,321 (+87.4%), from €35,821 to €67,142
of which Other amounts receivable: +€30,645
- Other debts +€747,009
up €747,009 (+75132.1%), from €994 to €748,003
- Reserves -€604,840
down €604,840 (-30.6%), from €2.0m to €1.4m
of which Distributable reserves: -€590,282
- Tax, wage and social debts -€64,573
down €64,573 (-31.2%), from €206,997 to €142,424
of which Taxes: -€63,723
- Trade debts -€40,207
down €40,207 (-87.6%), from €45,878 to €5,671
- Debts after one year -€32,000
down €32,000 (-100.0%), from €32,000 to €0
- Gross operating margin +€77,766
up €77,766 (+18.8%), from €413,054 to €490,820
- Financial charges +€43,508
up €43,508 (+1180.7%), from €3,685 to €47,193
- Financial income -€35,191
down €35,191 (-89.6%), from €39,295 to €4,104
of which Non-recurring financial income: -€30,992
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.
Cash bridge derived
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 | €2,321,946 | €2,297,764 | -€24,183 | -1.0% |
| Fixed assets | 21/28 | €445,370 | €394,859 | -€50,511 | -11.3% |
| Tangible fixed assets | 22/27 | €445,355 | €394,844 | -€50,511 | -11.3% |
| Land and buildings | 22 | €361,051 | €331,777 | -€29,274 | -8.1% |
| Plant, machinery and equipment | 23 | €2,720 | €4,512 | +€1,792 | +65.9% |
| Furniture and vehicles | 24 | €77,699 | €55,680 | -€22,019 | -28.3% |
| Other tangible fixed assets | 26 | €3,885 | €2,875 | -€1,010 | -26.0% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €1,876,576 | €1,902,904 | +€26,328 | +1.4% |
| Stocks and contracts in progress | 3 | €1,105,328 | €736,043 | -€369,285 | -33.4% |
| Stocks | 30/36 | €1,105,328 | €736,043 | -€369,285 | -33.4% |
| Amounts receivable within one year | 40/41 | €35,821 | €67,142 | +€31,321 | +87.4% |
| Trade receivables | 40 | - | €676 | +€676 | |
| Other amounts receivable | 41 | €35,821 | €66,466 | +€30,645 | +85.5% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €628,967 | €1,091,635 | +€462,668 | +73.6% |
| Deferred charges and accrued income | 490/1 | €6,460 | €8,084 | +€1,624 | +25.1% |
| Total equity and liabilities | 10/49 | €2,321,946 | €2,297,764 | -€24,183 | -1.0% |
| Equity | 10/15 | €1,974,302 | €1,369,461 | -€604,840 | -30.6% |
| Contributions | 10/11 | €187 | €187 | = | 0.0% |
| Reserves | 13 | €1,974,114 | €1,369,274 | -€604,840 | -30.6% |
| Non-distributable reserves | 130/1 | €14,559 | €0 | -€14,559 | -100.0% |
| Reserves not available under the articles | 1311 | €14,559 | €0 | -€14,559 | -100.0% |
| Distributable reserves | 133 | €1,959,556 | €1,369,274 | -€590,282 | -30.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €347,645 | €928,303 | +€580,658 | +167.0% |
| Amounts payable after more than one year | 17 | €32,000 | €0 | -€32,000 | -100.0% |
| Financial debts | 170/4 | €32,000 | €0 | -€32,000 | -100.0% |
| Amounts payable within one year | 42/48 | €315,476 | €928,098 | +€612,622 | +194.2% |
| Current portion of amounts payable after more than one year | 42 | €48,000 | €32,000 | -€16,000 | -33.3% |
| Financial debts | 43 | €13,607 | €0 | -€13,607 | -100.0% |
| Credit institutions | 430/8 | €13,607 | €0 | -€13,607 | -100.0% |
| Trade debts | 44 | €45,878 | €5,671 | -€40,207 | -87.6% |
| Suppliers | 440/4 | €45,878 | €5,671 | -€40,207 | -87.6% |
| Taxes, remuneration and social security | 45 | €206,997 | €142,424 | -€64,573 | -31.2% |
| Taxes | 450/3 | €206,044 | €142,321 | -€63,723 | -30.9% |
| Remuneration and social security | 454/9 | €953 | €103 | -€850 | -89.2% |
| Other amounts payable | 47/48 | €994 | €748,003 | +€747,009 | +75132.1% |
| Accrued charges and deferred income | 492/3 | €169 | €204 | +€35 | +20.9% |
| Non-recurring operating income | 76A | - | €4,037 | +€4,037 | |
| Remuneration, social security and pensions | 62 | €12,400 | €15,456 | +€3,056 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,719 | €55,444 | +€725 | +1.3% |
| Other operating charges | 640/8 | €3,622 | €4,645 | +€1,023 | +28.2% |
| Gross operating margin | 9900 | €413,054 | €490,820 | +€77,766 | +18.8% |
| Operating profit (loss) | 9901 | €342,311 | €415,274 | +€72,962 | +21.3% |
| Financial income | 75/76B | €39,295 | €4,104 | -€35,191 | -89.6% |
| Recurring financial income | 75 | €8,303 | €4,104 | -€4,200 | -50.6% |
| Non-recurring financial income | 76B | €30,992 | €0 | -€30,992 | -100.0% |
| Financial charges | 65/66B | €3,685 | €47,193 | +€43,508 | +1180.7% |
| Recurring financial charges | 65 | €3,685 | €47,193 | +€43,508 | +1180.7% |
| Profit (loss) for the period before taxes | 9903 | €377,922 | €372,185 | -€5,737 | -1.5% |
| Income taxes | 67/77 | €121,290 | €119,355 | -€1,935 | -1.6% |
| Profit (loss) for the period | 9904 | €256,632 | €252,830 | -€3,802 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €256,632 | €252,830 | -€3,802 | -1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.