MOTORWORLD: 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.
MOTORWORLD
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+146%), from €1.7m to €4.1m
- Stocks and contracts +€644,731
up €644,731 (+10.8%), from €5.9m to €6.6m
- Receivables within one year +€404,997
up €404,997 (+126%), from €320,972 to €725,969
of which Trade receivables: +€444,760
- Cash -€138,488
down €138,488 (-57.6%), from €240,423 to €101,935
mainly Investment in fixed assets (net) (-€3.1m) and Stocks and contracts (-€644,731)
- Other debts +€3.0m
up €3.0m (+465%), from €635,688 to €3.6m
- Trade debts +€379,584
up €379,584 (+1,755%), from €21,625 to €401,209
- Gross operating margin -€187,244
down €187,244 (-17.5%), from €1.1m to €884,429
- Depreciation -€66,394
down €66,394 (-9.0%), from €740,982 to €674,587
- Financial charges +€63,974
up €63,974 (+221%), from €28,961 to €92,935
- Staff costs -€62,749
down €62,749 (-31.1%), from €201,484 to €138,735
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 | €8,200,442 | €11,524,116 | +€3.3m | +40.5% |
| Fixed assets | 21/28 | €1,658,941 | €4,087,592 | +€2.4m | +146% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,658,941 | €4,087,592 | +€2.4m | +146% |
| Furniture and vehicles | 24 | €1,658,941 | €4,087,592 | +€2.4m | +146% |
| Current assets | 29/58 | €6,541,501 | €7,436,524 | +€895,023 | +13.7% |
| Stocks and contracts in progress | 3 | €5,949,397 | €6,594,128 | +€644,731 | +10.8% |
| Stocks | 30/36 | €5,949,397 | €6,594,128 | +€644,731 | +10.8% |
| Amounts receivable within one year | 40/41 | €320,972 | €725,969 | +€404,997 | +126% |
| Trade receivables | 40 | €281,025 | €725,785 | +€444,760 | +158% |
| Other amounts receivable | 41 | €39,947 | €184 | -€39,763 | -99.5% |
| Current investments | 50/53 | €11,500 | €11,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €240,423 | €101,935 | -€138,488 | -57.6% |
| Deferred charges and accrued income | 490/1 | €19,209 | €2,992 | -€16,217 | -84.4% |
| Total equity and liabilities | 10/49 | €8,200,442 | €11,524,116 | +€3.3m | +40.5% |
| Equity | 10/15 | €7,462,051 | €7,361,713 | -€100,338 | -1.3% |
| Contributions | 10/11 | €11,539,196 | €11,539,196 | = | 0.0% |
| Reserves | 13 | €179,000 | €179,000 | = | 0.0% |
| Distributable reserves | 133 | €179,000 | €179,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,256,145 | -€4,356,483 | -€100,338 | -2.4% |
| Amounts payable | 17/49 | €738,391 | €4,162,403 | +€3.4m | +464% |
| Amounts payable within one year | 42/48 | €730,727 | €4,069,612 | +€3.3m | +457% |
| Trade debts | 44 | €21,625 | €401,209 | +€379,584 | +1,755% |
| Suppliers | 440/4 | €21,625 | €401,209 | +€379,584 | +1,755% |
| Taxes, remuneration and social security | 45 | €73,414 | €75,051 | +€1,637 | +2.2% |
| Taxes | 450/3 | €61,641 | €62,085 | +€444 | +0.7% |
| Remuneration and social security | 454/9 | €11,773 | €12,966 | +€1,193 | +10.1% |
| Other amounts payable | 47/48 | €635,688 | €3,593,352 | +€3.0m | +465% |
| Accrued charges and deferred income | 492/3 | €7,664 | €92,791 | +€85,127 | +1,111% |
| Remuneration, social security and pensions | 62 | €201,484 | €138,735 | -€62,749 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €740,982 | €674,587 | -€66,394 | -9.0% |
| Other operating charges | 640/8 | €81,308 | €78,116 | -€3,193 | -3.9% |
| Gross operating margin | 9900 | €1,071,673 | €884,429 | -€187,244 | -17.5% |
| Operating profit (loss) | 9901 | €47,900 | -€7,009 | -€54,909 | |
| Financial income | 75/76B | €0 | €53 | +€53 | |
| Recurring financial income | 75 | €0 | €53 | +€53 | |
| Financial charges | 65/66B | €28,961 | €92,935 | +€63,974 | +221% |
| Recurring financial charges | 65 | €28,961 | €92,935 | +€63,974 | +221% |
| Profit (loss) for the period before taxes | 9903 | €18,939 | -€99,890 | -€118,829 | |
| Income taxes | 67/77 | €885 | €448 | -€437 | -49.4% |
| Profit (loss) for the period | 9904 | €18,055 | -€100,338 | -€118,393 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,055 | -€100,338 | -€118,393 |
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 14 October 2026 via checked.be.