MOTORMUSIC: 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.
MOTORMUSIC
Largest movements
- Receivables within one year +€64,803
up €64,803 (+27.1%), from €238,981 to €303,784
of which Trade receivables: +€64,000
- Stocks and contracts -€13,971
down €13,971 (-32.6%), from €42,816 to €28,845
- Tangible fixed assets -€11,161
down €11,161 (-39.2%), from €28,452 to €17,291
of which Plant, machinery and equipment: -€6,725
- Intangible fixed assets -€7,348
down €7,348 (-50.0%), from €14,696 to €7,348
- Short-term financial debts -€50,000
down €50,000 (-32.3%), from €155,000 to €105,000
- Trade debts +€46,932
up €46,932 (+49.8%), from €94,313 to €141,245
- Debts after one year +€26,928
up €26,928 (+215.0%), from €12,526 to €39,454
- Other debts +€10,000
up €10,000 (+144.3%), from €6,932 to €16,932
- Current portion of long-term debt +€9,783
up €9,783 (+202.8%), from €4,824 to €14,607
- Staff costs +€25,317
up €25,317 (+36.7%), from €68,955 to €94,272
- Gross operating margin +€9,084
up €9,084 (+8.8%), from €103,500 to €112,584
- Other operating charges -€5,314
down €5,314 (-91.0%), from €5,840 to €526
- Financial charges -€5,184
down €5,184 (-33.8%), from €15,342 to €10,158
- Taxes -€1,761
no longer reported in 2025 (was €1,761)
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 | €351,995 | €389,646 | +€37,651 | +10.7% |
| Fixed assets | 21/28 | €43,418 | €24,909 | -€18,509 | -42.6% |
| Intangible fixed assets | 21 | €14,696 | €7,348 | -€7,348 | -50.0% |
| Tangible fixed assets | 22/27 | €28,452 | €17,291 | -€11,161 | -39.2% |
| Plant, machinery and equipment | 23 | €13,418 | €6,693 | -€6,725 | -50.1% |
| Furniture and vehicles | 24 | €15,034 | €10,598 | -€4,436 | -29.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €308,577 | €364,737 | +€56,160 | +18.2% |
| Stocks and contracts in progress | 3 | €42,816 | €28,845 | -€13,971 | -32.6% |
| Stocks | 30/36 | €42,816 | €28,845 | -€13,971 | -32.6% |
| Amounts receivable within one year | 40/41 | €238,981 | €303,784 | +€64,803 | +27.1% |
| Trade receivables | 40 | €238,981 | €302,981 | +€64,000 | +26.8% |
| Other amounts receivable | 41 | - | €803 | +€803 | |
| Cash at bank and in hand | 54/58 | €25,756 | €29,277 | +€3,521 | +13.7% |
| Deferred charges and accrued income | 490/1 | €1,024 | €2,831 | +€1,807 | +176.5% |
| Total equity and liabilities | 10/49 | €351,995 | €389,646 | +€37,651 | +10.7% |
| Equity | 10/15 | €56,254 | €47,502 | -€8,752 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,654 | €28,902 | -€8,752 | -23.2% |
| Distributable reserves | 133 | €37,654 | €28,902 | -€8,752 | -23.2% |
| Amounts payable | 17/49 | €295,741 | €342,144 | +€46,403 | +15.7% |
| Amounts payable after more than one year | 17 | €12,526 | €39,454 | +€26,928 | +215.0% |
| Financial debts | 170/4 | €12,526 | €39,454 | +€26,928 | +215.0% |
| Amounts payable within one year | 42/48 | €283,215 | €301,732 | +€18,517 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €4,824 | €14,607 | +€9,783 | +202.8% |
| Financial debts | 43 | €155,000 | €105,000 | -€50,000 | -32.3% |
| Credit institutions | 430/8 | €155,000 | €105,000 | -€50,000 | -32.3% |
| Trade debts | 44 | €94,313 | €141,245 | +€46,932 | +49.8% |
| Suppliers | 440/4 | €94,313 | €141,245 | +€46,932 | +49.8% |
| Taxes, remuneration and social security | 45 | €22,146 | €23,948 | +€1,802 | +8.1% |
| Taxes | 450/3 | €11,661 | €9,107 | -€2,554 | -21.9% |
| Remuneration and social security | 454/9 | €10,485 | €14,841 | +€4,356 | +41.5% |
| Other amounts payable | 47/48 | €6,932 | €16,932 | +€10,000 | +144.3% |
| Accrued charges and deferred income | 492/3 | - | €958 | +€958 | |
| Non-recurring operating income | 76A | €3,304 | - | -€3,304 | |
| Remuneration, social security and pensions | 62 | €68,955 | €94,272 | +€25,317 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,128 | €18,509 | +€381 | +2.1% |
| Other operating charges | 640/8 | €5,840 | €526 | -€5,314 | -91.0% |
| Gross operating margin | 9900 | €103,500 | €112,584 | +€9,084 | +8.8% |
| Operating profit (loss) | 9901 | €10,577 | -€723 | -€11,300 | |
| Financial income | 75/76B | €2,714 | €2,129 | -€585 | -21.6% |
| Recurring financial income | 75 | €2,714 | €2,129 | -€585 | -21.6% |
| Financial charges | 65/66B | €15,342 | €10,158 | -€5,184 | -33.8% |
| Recurring financial charges | 65 | €15,342 | €10,158 | -€5,184 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,051 | -€8,752 | -€6,701 | -326.7% |
| Income taxes | 67/77 | €1,761 | - | -€1,761 | |
| Profit (loss) for the period | 9904 | -€3,812 | -€8,752 | -€4,940 | -129.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,812 | -€8,752 | -€4,940 | -129.6% |
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 7 October 2026 via checked.be.