MOTORWEELDE: 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.
MOTORWEELDE
Largest movements
- Tangible fixed assets -€26,814
down €26,814 (-13.2%), from €203,480 to €176,666
of which Land and buildings: -€16,052
- Receivables within one year +€8,152
up €8,152 (+18.4%), from €44,385 to €52,537
of which Trade receivables: +€7,018
- Trade debts +€100,051
up €100,051 (+351%), from €28,466 to €128,517
- Short-term financial debts -€42,000
down €42,000 (-46.7%), from €90,000 to €48,000
- Debts after one year -€36,288
down €36,288 (-24.2%), from €150,186 to €113,899
- Reserves -€21,360
down €21,360 (-9.9%), from €214,978 to €193,618
of which Distributable reserves: -€18,860
- Advances received -€16,267
no longer reported in 2024 (was €16,267)
- Staff costs +€40,218
new in 2024: €40,218
- Financial charges -€14,334
down €14,334 (-44.8%), from €32,024 to €17,690
of which Non-recurring financial charges: -€15,580
- Taxes -€13,751
down €13,751 (-86.3%), from €15,928 to €2,177
- Gross operating margin -€8,367
down €8,367 (-8.3%), from €101,299 to €92,932
- Other operating charges +€7,350
up €7,350 (+217%), from €3,393 to €10,743
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.
Derived cash bridge
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 | €605,536 | €591,857 | -€13,679 | -2.3% |
| Fixed assets | 21/28 | €203,480 | €176,666 | -€26,814 | -13.2% |
| Tangible fixed assets | 22/27 | €203,480 | €176,666 | -€26,814 | -13.2% |
| Land and buildings | 22 | €177,778 | €161,726 | -€16,052 | -9.0% |
| Plant, machinery and equipment | 23 | €622 | - | -€622 | |
| Furniture and vehicles | 24 | €25,080 | €14,940 | -€10,140 | -40.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €402,057 | €415,191 | +€13,135 | +3.3% |
| Stocks and contracts in progress | 3 | €281,876 | €284,197 | +€2,322 | +0.8% |
| Stocks | 30/36 | €281,876 | €284,197 | +€2,322 | +0.8% |
| Amounts receivable within one year | 40/41 | €44,385 | €52,537 | +€8,152 | +18.4% |
| Trade receivables | 40 | €29,918 | €36,936 | +€7,018 | +23.5% |
| Other amounts receivable | 41 | €14,467 | €15,601 | +€1,134 | +7.8% |
| Cash at bank and in hand | 54/58 | €71,802 | €76,409 | +€4,607 | +6.4% |
| Deferred charges and accrued income | 490/1 | €3,993 | €2,048 | -€1,946 | -48.7% |
| Total equity and liabilities | 10/49 | €605,536 | €591,857 | -€13,679 | -2.3% |
| Equity | 10/15 | €239,978 | €218,618 | -€21,360 | -8.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €214,978 | €193,618 | -€21,360 | -9.9% |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Distributable reserves | 133 | €212,478 | €193,618 | -€18,860 | -8.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €365,558 | €373,239 | +€7,681 | +2.1% |
| Amounts payable after more than one year | 17 | €150,186 | €113,899 | -€36,288 | -24.2% |
| Financial debts | 170/4 | €150,186 | €113,899 | -€36,288 | -24.2% |
| Amounts payable within one year | 42/48 | €215,345 | €259,341 | +€43,996 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €34,415 | €36,288 | +€1,873 | +5.4% |
| Financial debts | 43 | €90,000 | €48,000 | -€42,000 | -46.7% |
| Credit institutions | 430/8 | €90,000 | €48,000 | -€42,000 | -46.7% |
| Trade debts | 44 | €28,466 | €128,517 | +€100,051 | +351% |
| Suppliers | 440/4 | €28,466 | €128,517 | +€100,051 | +351% |
| Advances received on contracts in progress | 46 | €16,267 | - | -€16,267 | |
| Taxes, remuneration and social security | 45 | €31,196 | €22,536 | -€8,660 | -27.8% |
| Taxes | 450/3 | €31,196 | €18,258 | -€12,938 | -41.5% |
| Remuneration and social security | 454/9 | - | €4,279 | +€4,279 | |
| Other amounts payable | 47/48 | €15,000 | €24,000 | +€9,000 | +60.0% |
| Accrued charges and deferred income | 492/3 | €27 | - | -€27 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €40,218 | +€40,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,798 | €20,148 | +€1,350 | +7.2% |
| Other operating charges | 640/8 | €3,393 | €10,743 | +€7,350 | +217% |
| Gross operating margin | 9900 | €101,299 | €92,932 | -€8,367 | -8.3% |
| Operating profit (loss) | 9901 | €79,109 | €21,823 | -€57,286 | -72.4% |
| Financial income | 75/76B | €578 | €684 | +€106 | +18.2% |
| Recurring financial income | 75 | €578 | €684 | +€106 | +18.2% |
| Financial charges | 65/66B | €32,024 | €17,690 | -€14,334 | -44.8% |
| Recurring financial charges | 65 | €16,444 | €17,690 | +€1,246 | +7.6% |
| Non-recurring financial charges | 66B | €15,580 | - | -€15,580 | |
| Profit (loss) for the period before taxes | 9903 | €47,663 | €4,817 | -€42,846 | -89.9% |
| Income taxes | 67/77 | €15,928 | €2,177 | -€13,751 | -86.3% |
| Profit (loss) for the period | 9904 | €31,735 | €2,640 | -€29,095 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,735 | €2,640 | -€29,095 | -91.7% |
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 23 October 2026 via checked.be.