MOTOWN DEVELOPMENT: 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.
MOTOWN DEVELOPMENT
Largest movements
- Receivables within one year -€369,650
down €369,650 (-94.3%), from €391,890 to €22,239
of which Trade receivables: -€368,689
- Deferred charges and accrued income -€39,022
no longer reported in 2024 (was €39,022)
- Tangible fixed assets -€32,645
down €32,645 (-11.2%), from €291,810 to €259,165
of which Other tangible fixed assets: -€24,931
- Cash +€12,397
up €12,397 (+15.3%), from €81,032 to €93,429
mainly Receivables within one year (+€369,650) and Depreciation (+€47,118)
- Profit (loss) carried forward -€439,234
down €439,234 (-10.1%), from -€4.4m to -€4.8m
- Trade debts -€54,308
down €54,308 (-38.3%), from €141,759 to €87,451
- Tax, wage and social debts +€29,413
up €29,413 (+89.0%), from €33,045 to €62,459
of which Taxes: +€32,360
- Debts after one year +€29,170
up €29,170 (+0.7%), from €4.0m to €4.1m
- Gross operating margin -€222,169
down €222,169 (-88.8%), from €250,119 to €27,950
- Depreciation +€9,669
up €9,669 (+25.8%), from €37,449 to €47,118
- Financial charges +€4,983
up €4,983 (+2.3%), from €213,382 to €218,365
- Other operating charges +€4,455
up €4,455 (+8.6%), from €51,666 to €56,121
- Staff costs +€2,785
up €2,785 (+1.9%), from €143,269 to €146,055
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 | €824,042 | €387,664 | -€436,378 | -53.0% |
| Fixed assets | 21/28 | €312,098 | €271,995 | -€40,103 | -12.8% |
| Intangible fixed assets | 21 | €20,112 | €12,653 | -€7,458 | -37.1% |
| Tangible fixed assets | 22/27 | €291,810 | €259,165 | -€32,645 | -11.2% |
| Furniture and vehicles | 24 | €17,711 | €9,997 | -€7,714 | -43.6% |
| Other tangible fixed assets | 26 | €274,100 | €249,169 | -€24,931 | -9.1% |
| Financial fixed assets | 28 | €176 | €176 | = | 0.0% |
| Current assets | 29/58 | €511,944 | €115,669 | -€396,275 | -77.4% |
| Amounts receivable within one year | 40/41 | €391,890 | €22,239 | -€369,650 | -94.3% |
| Trade receivables | 40 | €390,376 | €21,687 | -€368,689 | -94.4% |
| Other amounts receivable | 41 | €1,514 | €553 | -€961 | -63.5% |
| Cash at bank and in hand | 54/58 | €81,032 | €93,429 | +€12,397 | +15.3% |
| Deferred charges and accrued income | 490/1 | €39,022 | - | -€39,022 | |
| Total equity and liabilities | 10/49 | €824,042 | €387,664 | -€436,378 | -53.0% |
| Equity | 10/15 | -€4,331,656 | -€4,772,388 | -€440,732 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54 | €54 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54 | €54 | = | 0.0% |
| Other | 1319 | €54 | €54 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,354,803 | -€4,794,037 | -€439,234 | -10.1% |
| Investment grants | 15 | €4,493 | €2,995 | -€1,498 | -33.3% |
| Provisions and deferred taxes | 16 | €1,498 | €998 | -€499 | -33.3% |
| Deferred taxes | 168 | €1,498 | €998 | -€499 | -33.3% |
| Amounts payable | 17/49 | €5,154,200 | €5,159,053 | +€4,853 | +0.1% |
| Amounts payable after more than one year | 17 | €4,038,728 | €4,067,898 | +€29,170 | +0.7% |
| Financial debts | 170/4 | €4,038,728 | €4,067,898 | +€29,170 | +0.7% |
| Amounts payable within one year | 42/48 | €1,112,268 | €1,087,951 | -€24,317 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €937,463 | €938,040 | +€577 | +0.1% |
| Trade debts | 44 | €141,759 | €87,451 | -€54,308 | -38.3% |
| Suppliers | 440/4 | €141,759 | €87,451 | -€54,308 | -38.3% |
| Taxes, remuneration and social security | 45 | €33,045 | €62,459 | +€29,413 | +89.0% |
| Taxes | 450/3 | €12,603 | €44,964 | +€32,360 | +257% |
| Remuneration and social security | 454/9 | €20,442 | €17,495 | -€2,947 | -14.4% |
| Accrued charges and deferred income | 492/3 | €3,204 | €3,204 | = | 0.0% |
| Non-recurring operating income | 76A | €251,924 | - | -€251,924 | |
| Remuneration, social security and pensions | 62 | €143,269 | €146,055 | +€2,785 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,449 | €47,118 | +€9,669 | +25.8% |
| Other operating charges | 640/8 | €51,666 | €56,121 | +€4,455 | +8.6% |
| Non-recurring operating charges | 66A | €97,660 | - | -€97,660 | |
| Gross operating margin | 9900 | €250,119 | €27,950 | -€222,169 | -88.8% |
| Operating profit (loss) | 9901 | -€79,926 | -€221,343 | -€141,417 | -177% |
| Financial income | 75/76B | €1,498 | €1,498 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,498 | €1,498 | +€0 | 0.0% |
| Financial charges | 65/66B | €213,382 | €218,365 | +€4,983 | +2.3% |
| Recurring financial charges | 65 | €213,382 | €218,365 | +€4,983 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€291,810 | -€438,210 | -€146,400 | -50.2% |
| Transfer from deferred taxes | 780 | €499 | €499 | = | 0.0% |
| Income taxes | 67/77 | €1,203 | €1,523 | +€321 | +26.7% |
| Profit (loss) for the period | 9904 | -€292,513 | -€439,234 | -€146,721 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€292,513 | -€439,234 | -€146,721 | -50.2% |
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 18 October 2026 via checked.be.