MOTORCYCLE DNA: 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.
What changed
MOTORCYCLE DNA
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€35,756
2024 · €128,391-€164,147
Equity
€174,312
2024 · €210,120-€35,808
Cash
€23,846
2024 · €40,790-€16,944
Balance sheet total
€3.0m
2024 · €2.4m+€606,038
Largest movements
Assets
- Tangible fixed assets +€489,658
up €489,658 (+67.4%), from €726,134 to €1.2m
of which Other tangible fixed assets: +€493,621
- Stocks and contracts +€170,857
up €170,857 (+12.0%), from €1.4m to €1.6m
- Financial fixed assets -€35,500
down €35,500 (-100%), from €35,500 to €0
Equity and liabilities
- Other debts +€687,419
up €687,419 (+56.0%), from €1.2m to €1.9m
- Debts after one year -€110,000
down €110,000 (-46.2%), from €238,333 to €128,333
- Short-term financial debts +€45,000
new in 2025: €45,000
- Profit (loss) carried forward -€35,808
down €35,808 (-32.5%), from €110,120 to €74,312
- Accrued charges and deferred income +€34,728
up €34,728 (+103%), from €33,669 to €68,396
Income statement
- Depreciation +€58,333
up €58,333 (+101%), from €57,534 to €115,867
- Gross operating margin -€53,224
down €53,224 (-8.8%), from €607,719 to €554,496
- Staff costs +€39,590
up €39,590 (+11.9%), from €333,992 to €373,582
- Taxes -€33,474
down €33,474 (-99.6%), from €33,595 to €121
- Financial charges +€29,818
up €29,818 (+56.5%), from €52,743 to €82,560
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.
Result 2024
€128,391
Gross operating margin
-€53,224
Staff costs
-€39,590
Depreciation
-€58,333
Write-downs
-€1,375
Other operating charges
-€14,764
Other operating items
-€1,801
Financial income
+€1,282
Financial charges
-€29,818
Taxes
+€33,474
Result 2025
-€35,756
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€605,633
Investment
-€557,525
Financing
-€65,052
Cash 2024
€40,790
From operations (derived)
+€605,633
Net result for the year
-€35,756
Depreciation
+€115,867
Stocks and contracts
-€170,857
Receivables within one year
-€10,897
Smaller working-capital items
-€1,050
Trade debts
-€26,969
Tax, wage and social debts
+€13,147
Other debts
+€687,419
Accrued charges and deferred income
+€34,728
Investment (derived)
-€557,525
Investment in fixed assets (net)
-€557,525
Financing
-€65,052
Debts after one year
-€110,000
Short-term financial debts
+€45,000
Contributions, distributions and other
-€52
Cash 2025
€23,846
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,427,918 | €3,033,956 | +€606,038 | +25.0% |
| Fixed assets | 21/28 | €862,422 | €1,304,080 | +€441,658 | +51.2% |
| Intangible fixed assets | 21 | €100,788 | €88,288 | -€12,500 | -12.4% |
| Tangible fixed assets | 22/27 | €726,134 | €1,215,792 | +€489,658 | +67.4% |
| Plant, machinery and equipment | 23 | €130,490 | €100,916 | -€29,573 | -22.7% |
| Furniture and vehicles | 24 | €16,600 | €42,211 | +€25,611 | +154% |
| Other tangible fixed assets | 26 | €579,044 | €1,072,665 | +€493,621 | +85.2% |
| Financial fixed assets | 28 | €35,500 | €0 | -€35,500 | -100% |
| Current assets | 29/58 | €1,565,496 | €1,729,876 | +€164,380 | +10.5% |
| Stocks and contracts in progress | 3 | €1,417,954 | €1,588,811 | +€170,857 | +12.0% |
| Stocks | 30/36 | €1,417,954 | €1,588,811 | +€170,857 | +12.0% |
| Amounts receivable within one year | 40/41 | €105,313 | €116,210 | +€10,897 | +10.3% |
| Trade receivables | 40 | €105,313 | €70,877 | -€34,436 | -32.7% |
| Other amounts receivable | 41 | - | €45,333 | +€45,333 | |
| Cash at bank and in hand | 54/58 | €40,790 | €23,846 | -€16,944 | -41.5% |
| Deferred charges and accrued income | 490/1 | €1,439 | €1,010 | -€429 | -29.8% |
| Total equity and liabilities | 10/49 | €2,427,918 | €3,033,956 | +€606,038 | +25.0% |
| Equity | 10/15 | €210,120 | €174,312 | -€35,808 | -17.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,120 | €74,312 | -€35,808 | -32.5% |
| Amounts payable | 17/49 | €2,217,797 | €2,859,644 | +€641,846 | +28.9% |
| Amounts payable after more than one year | 17 | €238,333 | €128,333 | -€110,000 | -46.2% |
| Financial debts | 170/4 | €238,333 | €128,333 | -€110,000 | -46.2% |
| Amounts payable within one year | 42/48 | €1,945,795 | €2,662,914 | +€717,119 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 43 | - | €45,000 | +€45,000 | |
| Credit institutions | 430/8 | - | €45,000 | +€45,000 | |
| Trade debts | 44 | €532,072 | €505,103 | -€26,969 | -5.1% |
| Suppliers | 440/4 | €532,072 | €505,103 | -€26,969 | -5.1% |
| Advances received on contracts in progress | 46 | €3,170 | €1,691 | -€1,479 | -46.7% |
| Taxes, remuneration and social security | 45 | €73,691 | €86,839 | +€13,147 | +17.8% |
| Taxes | 450/3 | €39,747 | €51,889 | +€12,143 | +30.6% |
| Remuneration and social security | 454/9 | €33,945 | €34,949 | +€1,005 | +3.0% |
| Other amounts payable | 47/48 | €1,226,862 | €1,914,281 | +€687,419 | +56.0% |
| Accrued charges and deferred income | 492/3 | €33,669 | €68,396 | +€34,728 | +103% |
| Non-recurring operating income | 76A | €1,504 | €0 | -€1,504 | -100% |
| Remuneration, social security and pensions | 62 | €333,992 | €373,582 | +€39,590 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,534 | €115,867 | +€58,333 | +101% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,375 | €0 | +€1,375 | |
| Other operating charges | 640/8 | €3,405 | €18,169 | +€14,764 | +434% |
| Non-recurring operating charges | 66A | €0 | €1,801 | +€1,801 | |
| Gross operating margin | 9900 | €607,719 | €554,496 | -€53,224 | -8.8% |
| Operating profit (loss) | 9901 | €214,162 | €45,076 | -€169,086 | -79.0% |
| Financial income | 75/76B | €566 | €1,848 | +€1,282 | +227% |
| Recurring financial income | 75 | €566 | €1,848 | +€1,282 | +227% |
| Financial charges | 65/66B | €52,743 | €82,560 | +€29,818 | +56.5% |
| Recurring financial charges | 65 | €52,743 | €82,560 | +€29,818 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €161,986 | -€35,636 | -€197,621 | |
| Income taxes | 67/77 | €33,595 | €121 | -€33,474 | -99.6% |
| Profit (loss) for the period | 9904 | €128,391 | -€35,756 | -€164,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €128,391 | -€35,756 | -€164,147 |
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 17 October 2026 via checked.be.