MOTORECO: 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.
MOTORECO
Largest movements
- Cash +€399,193
up €399,193 (+82.6%), from €483,303 to €882,495
mainly Net result for the year (+€939,709) and Other debts (+€380,703)
- Receivables within one year -€290,357
down €290,357 (-45.9%), from €632,023 to €341,666
of which Trade receivables: -€290,252
- Tangible fixed assets +€196,752
up €196,752 (+238%), from €82,728 to €279,481
of which Plant, machinery and equipment: +€206,195
- Other debts +€380,703
up €380,703 (+37,827%), from €1,006 to €381,709
- Tax, wage and social debts -€93,744
down €93,744 (-36.7%), from €255,482 to €161,738
of which Taxes: -€99,683
- Reserves +€91,700
up €91,700 (+4.4%), from €2.1m to €2.2m
of which Distributable reserves: +€91,700
- Trade debts -€57,789
down €57,789 (-37.4%), from €154,569 to €96,780
- Gross operating margin +€290,935
up €290,935 (+21.6%), from €1.3m to €1.6m
- Staff costs +€89,739
up €89,739 (+54.3%), from €165,171 to €254,911
- Taxes +€33,067
up €33,067 (+9.0%), from €366,826 to €399,892
- Depreciation +€21,197
up €21,197 (+74.3%), from €28,515 to €49,712
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 | €2,564,577 | €2,877,947 | +€313,370 | +12.2% |
| Fixed assets | 21/28 | €90,836 | €285,638 | +€194,803 | +214% |
| Intangible fixed assets | 21 | €8,108 | €6,158 | -€1,950 | -24.0% |
| Tangible fixed assets | 22/27 | €82,728 | €279,481 | +€196,752 | +238% |
| Plant, machinery and equipment | 23 | €49,199 | €255,394 | +€206,195 | +419% |
| Furniture and vehicles | 24 | €13,810 | €10,074 | -€3,737 | -27.1% |
| Other tangible fixed assets | 26 | €19,718 | €14,012 | -€5,706 | -28.9% |
| Current assets | 29/58 | €2,473,742 | €2,592,309 | +€118,567 | +4.8% |
| Stocks and contracts in progress | 3 | €22,650 | €22,650 | = | 0.0% |
| Stocks | 30/36 | €22,650 | €22,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €632,023 | €341,666 | -€290,357 | -45.9% |
| Trade receivables | 40 | €631,918 | €341,666 | -€290,252 | -45.9% |
| Other amounts receivable | 41 | €105 | - | -€105 | |
| Current investments | 50/53 | €1,330,001 | €1,338,556 | +€8,555 | +0.6% |
| Cash at bank and in hand | 54/58 | €483,303 | €882,495 | +€399,193 | +82.6% |
| Deferred charges and accrued income | 490/1 | €5,765 | €6,941 | +€1,176 | +20.4% |
| Total equity and liabilities | 10/49 | €2,564,577 | €2,877,947 | +€313,370 | +12.2% |
| Equity | 10/15 | €2,142,228 | €2,233,937 | +€91,709 | +4.3% |
| Contributions | 10/11 | €36,316 | €36,316 | = | 0.0% |
| Reserves | 13 | €2,104,746 | €2,196,446 | +€91,700 | +4.4% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €2,089,746 | €2,181,446 | +€91,700 | +4.4% |
| Profit (loss) carried forward | 14 | €1,166 | €1,174 | +€9 | +0.8% |
| Amounts payable | 17/49 | €422,349 | €644,011 | +€221,661 | +52.5% |
| Amounts payable after more than one year | 17 | €3,784 | - | -€3,784 | |
| Financial debts | 170/4 | €3,784 | - | -€3,784 | |
| Amounts payable within one year | 42/48 | €418,565 | €644,011 | +€225,445 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €7,508 | €3,784 | -€3,724 | -49.6% |
| Trade debts | 44 | €154,569 | €96,780 | -€57,789 | -37.4% |
| Suppliers | 440/4 | €154,569 | €96,780 | -€57,789 | -37.4% |
| Taxes, remuneration and social security | 45 | €255,482 | €161,738 | -€93,744 | -36.7% |
| Taxes | 450/3 | €234,596 | €134,913 | -€99,683 | -42.5% |
| Remuneration and social security | 454/9 | €20,886 | €26,825 | +€5,939 | +28.4% |
| Other amounts payable | 47/48 | €1,006 | €381,709 | +€380,703 | +37,827% |
| Remuneration, social security and pensions | 62 | €165,171 | €254,911 | +€89,739 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,515 | €49,712 | +€21,197 | +74.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,461 | +€1,461 | |
| Other operating charges | 640/8 | €8,956 | €16,633 | +€7,677 | +85.7% |
| Gross operating margin | 9900 | €1,345,515 | €1,636,449 | +€290,935 | +21.6% |
| Operating profit (loss) | 9901 | €1,142,872 | €1,313,733 | +€170,861 | +15.0% |
| Financial income | 75/76B | €22,664 | €26,590 | +€3,926 | +17.3% |
| Recurring financial income | 75 | €22,664 | €26,590 | +€3,926 | +17.3% |
| Financial charges | 65/66B | €1,216 | €721 | -€495 | -40.7% |
| Recurring financial charges | 65 | €1,216 | €721 | -€495 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €1,164,319 | €1,339,601 | +€175,282 | +15.1% |
| Income taxes | 67/77 | €366,826 | €399,892 | +€33,067 | +9.0% |
| Profit (loss) for the period | 9904 | €797,494 | €939,709 | +€142,215 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €797,494 | €939,709 | +€142,215 | +17.8% |
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 31 October 2026 via checked.be.