MOTORTEC: 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.
MOTORTEC
Largest movements
- Receivables within one year -€24,030
down €24,030 (-46.9%), from €51,279 to €27,249
of which Trade receivables: -€24,040
- Deferred charges and accrued income +€9,254
up €9,254 (+681.6%), from €1,358 to €10,611
- Cash -€5,475
down €5,475 (-35.1%), from €15,612 to €10,136
mainly Net result for the year (-€26,038) and Tax, wage and social debts (-€9,942)
- Stocks and contracts -€1,657
down €1,657 (-12.0%), from €13,765 to €12,108
- Profit (loss) carried forward -€26,038
new in 2024: -€26,038
- Trade debts +€13,694
up €13,694 (+4237.4%), from €323 to €14,017
- Tax, wage and social debts -€9,942
down €9,942 (-80.4%), from €12,362 to €2,420
- Advances received +€4,431
up €4,431, from €0 to €4,431
- Other debts -€4,417
down €4,417 (-26.4%), from €16,742 to €12,325
- Gross operating margin -€28,152
down €28,152, from €5,766 to -€22,386
- Taxes -€618
down €618 (-100.0%), from €618 to €0
- Financial charges +€476
up €476 (+70.1%), from €679 to €1,156
of which Financial charges: +€301
- Financial income +€401
up €401 (+400820.0%), from €0 to €401
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,900 | €60,628 | -€22,273 | -26.9% |
| Fixed assets | 21/28 | €887 | €523 | -€364 | -41.0% |
| Tangible fixed assets | 22/27 | €887 | €523 | -€364 | -41.0% |
| Land and buildings | 22 | €693 | €461 | -€232 | -33.5% |
| Plant, machinery and equipment | 23 | €194 | €63 | -€132 | -67.8% |
| Current assets | 29/58 | €82,013 | €60,105 | -€21,909 | -26.7% |
| Stocks and contracts in progress | 3 | €13,765 | €12,108 | -€1,657 | -12.0% |
| Stocks | 30/36 | €13,765 | €12,108 | -€1,657 | -12.0% |
| Amounts receivable within one year | 40/41 | €51,279 | €27,249 | -€24,030 | -46.9% |
| Trade receivables | 40 | €50,368 | €26,328 | -€24,040 | -47.7% |
| Other amounts receivable | 41 | €911 | €920 | +€10 | +1.1% |
| Cash at bank and in hand | 54/58 | €15,612 | €10,136 | -€5,475 | -35.1% |
| Deferred charges and accrued income | 490/1 | €1,358 | €10,611 | +€9,254 | +681.6% |
| Total equity and liabilities | 10/49 | €82,900 | €60,628 | -€22,273 | -26.9% |
| Equity | 10/15 | €53,473 | €27,435 | -€26,038 | -48.7% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €34,873 | €33,013 | -€1,860 | -5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €33,013 | €33,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,038 | -€26,038 | |
| Amounts payable | 17/49 | €29,427 | €33,193 | +€3,765 | +12.8% |
| Amounts payable within one year | 42/48 | €29,427 | €33,193 | +€3,765 | +12.8% |
| Trade debts | 44 | €323 | €14,017 | +€13,694 | +4237.4% |
| Suppliers | 440/4 | €323 | €14,017 | +€13,694 | +4237.4% |
| Advances received on contracts in progress | 46 | €0 | €4,431 | +€4,431 | |
| Taxes, remuneration and social security | 45 | €12,362 | €2,420 | -€9,942 | -80.4% |
| Taxes | 450/3 | €12,362 | €2,420 | -€9,942 | -80.4% |
| Other amounts payable | 47/48 | €16,742 | €12,325 | -€4,417 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €364 | = | 0.0% |
| Other operating charges | 640/8 | €2,554 | €2,534 | -€20 | -0.8% |
| Gross operating margin | 9900 | €5,766 | -€22,386 | -€28,152 | |
| Operating profit (loss) | 9901 | €2,849 | -€25,283 | -€28,132 | |
| Financial income | 75/76B | €0 | €401 | +€401 | +400820.0% |
| Recurring financial income | 75 | €0 | €401 | +€401 | +400820.0% |
| Financial charges | 65/66B | €679 | €1,156 | +€476 | +70.1% |
| Recurring financial charges | 65 | €679 | €981 | +€301 | +44.4% |
| Non-recurring financial charges | 66B | - | €175 | +€175 | |
| Profit (loss) for the period before taxes | 9903 | €2,170 | -€26,038 | -€28,208 | |
| Income taxes | 67/77 | €618 | €0 | -€618 | -100.0% |
| Profit (loss) for the period | 9904 | €1,552 | -€26,038 | -€27,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,552 | -€26,038 | -€27,590 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.