Motrac: what changed
What changed
Motrac
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
filed annual accounts (NBB)
Net result for the year
€911,666
2023 · €1,743+€909,923
Equity
€23.2m
2023 · €22.3m+€909,157
Cash
€4.0m
2023 · €4.6m-€630,897
Balance sheet total
€44.3m
2023 · €46.8m-€2.5m
Largest movements
Assets
- Tangible fixed assets -€1.7m
down €1.7m (-21.4%), from €8.0m to €6.3m
of which Other tangible fixed assets: -€1.5m
- Stocks and contracts -€1.6m
down €1.6m (-18.3%), from €8.5m to €7.0m
- Receivables within one year +€1.3m
up €1.3m (+5.3%), from €25.5m to €26.8m
of which Other amounts receivable: +€2.3m
- Cash -€630,897
down €630,897 (-13.8%), from €4.6m to €4.0m
mainly Trade debts (-€2.8m) and Receivables within one year (-€1.3m)
Equity and liabilities
- Trade debts -€2.8m
down €2.8m (-19.8%), from €14.1m to €11.3m
- Profit (loss) carried forward +€913,328
new in 2024: €913,328
- Advances received -€646,250
down €646,250 (-62.6%), from €1.0m to €385,337
Income statement
- Goods and materials +€4.1m
up €4.1m (+6.0%), from €69.0m to €73.2m
of which Change in stocks: decrease (increase): +€2.1m
- Turnover +€3.6m
up €3.6m (+3.8%), from €95.6m to €99.2m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€1,743
Turnover
+€3.6m
Other operating income
+€110,951
Goods and materials
-€4.1m
Services and other goods
+€852,054
Staff costs
-€74,031
Depreciation
+€988,356
Write-downs
-€313,227
Provisions
+€70,416
Other operating charges
+€134,299
Other operating items
-€17,545
Financial income
-€151,570
Financial charges
-€4,618
Taxes
-€140,778
Deferred taxes and other
-€856
Result 2024
€911,666
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€176,222
Investment
-€345,042
Financing
-€109,633
Cash 2023
€4.6m
From operations (derived)
-€176,222
Net result for the year
+€911,666
Depreciation
+€2.1m
Stocks and contracts
+€1.6m
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€45,633
Provisions
+€26,620
Trade debts
-€2.8m
Tax, wage and social debts
-€229,502
Advances received
-€646,250
Other debts
+€33,049
Accrued charges and deferred income
+€267,355
Investment (derived)
-€345,042
Investment in fixed assets (net)
-€345,042
Financing
-€109,633
Debts after one year
-€74,666
Current portion of long-term debt
-€32,458
Contributions, distributions and other
-€2,509
Cash 2024
€4.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,816,829 | €44,292,584 | -€2.5m | -5.4% |
| Fixed assets | 21/28 | €8,074,143 | €6,349,781 | -€1.7m | -21.4% |
| Intangible fixed assets | 21 | €37,027 | €17,339 | -€19,688 | -53.2% |
| Tangible fixed assets | 22/27 | €7,988,318 | €6,276,598 | -€1.7m | -21.4% |
| Land and buildings | 22 | €3,525,549 | €3,401,516 | -€124,033 | -3.5% |
| Plant, machinery and equipment | 23 | €247,754 | €213,043 | -€34,711 | -14.0% |
| Furniture and vehicles | 24 | €492,100 | €477,879 | -€14,221 | -2.9% |
| Leasing and similar rights | 25 | €34,040 | - | -€34,040 | |
| Other tangible fixed assets | 26 | €3,688,875 | €2,184,160 | -€1.5m | -40.8% |
| Financial fixed assets | 28 | €48,798 | €55,844 | +€7,046 | +14.4% |
| Other financial fixed assets | 284/8 | €48,798 | €55,844 | +€7,046 | +14.4% |
| Amounts receivable and cash guarantees | 285/8 | €48,798 | €55,844 | +€7,046 | +14.4% |
| Current assets | 29/58 | €38,742,686 | €37,942,803 | -€799,883 | -2.1% |
| Stocks and contracts in progress | 3 | €8,512,673 | €6,957,168 | -€1.6m | -18.3% |
| Stocks | 30/36 | €8,512,673 | €6,957,168 | -€1.6m | -18.3% |
| Goods purchased for resale | 34 | €8,512,673 | €6,957,168 | -€1.6m | -18.3% |
| Amounts receivable within one year | 40/41 | €25,450,695 | €26,791,581 | +€1.3m | +5.3% |
| Trade receivables | 40 | €16,360,593 | €15,414,052 | -€946,541 | -5.8% |
| Other amounts receivable | 41 | €9,090,102 | €11,377,529 | +€2.3m | +25.2% |
| Cash at bank and in hand | 54/58 | €4,581,228 | €3,950,331 | -€630,897 | -13.8% |
| Deferred charges and accrued income | 490/1 | €198,090 | €243,723 | +€45,633 | +23.0% |
| Total equity and liabilities | 10/49 | €46,816,829 | €44,292,584 | -€2.5m | -5.4% |
| Equity | 10/15 | €22,318,817 | €23,227,974 | +€909,157 | +4.1% |
| Contributions | 10/11 | €6,910,644 | €6,910,644 | = | 0.0% |
| Capital | 10 | €6,910,000 | €6,910,000 | = | 0.0% |
| Issued capital | 100 | €6,910,000 | €6,910,000 | = | 0.0% |
| Contributions outside capital | 11 | €644 | €644 | = | 0.0% |
| Share premium | 1100/10 | €644 | €644 | = | 0.0% |
| Reserves | 13 | €15,334,155 | €15,332,493 | -€1,662 | 0.0% |
| Non-distributable reserves | 130/1 | €694,983 | €694,983 | = | 0.0% |
| Legal reserve | 130 | €691,000 | €691,000 | = | 0.0% |
| Other | 1319 | €3,983 | €3,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €97,002 | €95,340 | -€1,662 | -1.7% |
| Distributable reserves | 133 | €14,542,170 | €14,542,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €913,328 | +€913,328 | |
| Investment grants | 15 | €74,018 | €71,509 | -€2,509 | -3.4% |
| Provisions and deferred taxes | 16 | €455,098 | €481,718 | +€26,620 | +5.8% |
| Provisions for liabilities and charges | 160/5 | €446,081 | €473,557 | +€27,476 | +6.2% |
| Pensions and similar obligations | 160 | €14,727 | €14,727 | = | 0.0% |
| Other liabilities and charges | 164/5 | €431,354 | €458,830 | +€27,476 | +6.4% |
| Deferred taxes | 168 | €9,017 | €8,161 | -€856 | -9.5% |
| Amounts payable | 17/49 | €24,042,914 | €20,582,892 | -€3.5m | -14.4% |
| Amounts payable after more than one year | 17 | €1,140,361 | €1,065,695 | -€74,666 | -6.5% |
| Financial debts | 170/4 | €1,140,361 | €1,065,695 | -€74,666 | -6.5% |
| Credit institutions | 173 | €1,140,361 | €1,065,695 | -€74,666 | -6.5% |
| Amounts payable within one year | 42/48 | €22,705,639 | €19,052,928 | -€3.7m | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €107,123 | €74,665 | -€32,458 | -30.3% |
| Trade debts | 44 | €14,062,599 | €11,285,049 | -€2.8m | -19.8% |
| Suppliers | 440/4 | €14,062,599 | €11,285,049 | -€2.8m | -19.8% |
| Advances received on contracts in progress | 46 | €1,031,587 | €385,337 | -€646,250 | -62.6% |
| Taxes, remuneration and social security | 45 | €7,504,330 | €7,274,828 | -€229,502 | -3.1% |
| Taxes | 450/3 | €3,568,734 | €3,031,258 | -€537,476 | -15.1% |
| Remuneration and social security | 454/9 | €3,935,596 | €4,243,570 | +€307,974 | +7.8% |
| Other amounts payable | 47/48 | - | €33,049 | +€33,049 | |
| Accrued charges and deferred income | 492/3 | €196,914 | €464,269 | +€267,355 | +136% |
| Operating income | 70/76A | €97,173,540 | €100,870,606 | +€3.7m | +3.8% |
| Turnover | 70 | €95,564,428 | €99,168,088 | +€3.6m | +3.8% |
| Other operating income | 74 | €1,588,019 | €1,698,970 | +€110,951 | +7.0% |
| Non-recurring operating income | 76A | €21,093 | €3,548 | -€17,545 | -83.2% |
| Operating charges | 60/66A | €97,455,968 | €99,945,289 | +€2.5m | +2.6% |
| Goods for resale, raw materials and consumables | 60 | €69,006,959 | €73,154,147 | +€4.1m | +6.0% |
| Purchases | 600/8 | €69,311,100 | €71,370,773 | +€2.1m | +3.0% |
| Change in stocks: decrease (increase) | 609 | -€304,141 | €1,783,374 | +€2.1m | |
| Services and other goods | 61 | €8,987,239 | €8,135,185 | -€852,054 | -9.5% |
| Remuneration, social security and pensions | 62 | €16,243,778 | €16,317,809 | +€74,031 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,057,760 | €2,069,404 | -€988,356 | -32.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€352,871 | -€39,644 | +€313,227 | +88.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €97,892 | €27,476 | -€70,416 | -71.9% |
| Other operating charges | 640/8 | €415,211 | €280,912 | -€134,299 | -32.3% |
| Operating profit (loss) | 9901 | -€282,428 | €925,317 | +€1.2m | |
| Financial income | 75/76B | €665,997 | €514,427 | -€151,570 | -22.8% |
| Recurring financial income | 75 | €665,997 | €514,427 | -€151,570 | -22.8% |
| Income from current assets | 751 | €8,331 | €126,933 | +€118,602 | +1,424% |
| Other financial income | 752/9 | €657,666 | €387,494 | -€270,172 | -41.1% |
| Financial charges | 65/66B | €143,644 | €148,262 | +€4,618 | +3.2% |
| Recurring financial charges | 65 | €97,090 | €52,742 | -€44,348 | -45.7% |
| Debt charges | 650 | €56,039 | €21,677 | -€34,362 | -61.3% |
| Other financial charges | 652/9 | €41,051 | €31,065 | -€9,986 | -24.3% |
| Non-recurring financial charges | 66B | €46,554 | €95,520 | +€48,966 | +105% |
| Profit (loss) for the period before taxes | 9903 | €239,925 | €1,291,482 | +€1.1m | +438% |
| Transfer from deferred taxes | 780 | €1,712 | €856 | -€856 | -50.0% |
| Income taxes | 67/77 | €239,894 | €380,672 | +€140,778 | +58.7% |
| Taxes | 670/3 | €239,894 | €380,672 | +€140,778 | +58.7% |
| Profit (loss) for the period | 9904 | €1,743 | €911,666 | +€909,923 | +52,204% |
| Transfer from tax-exempt reserves | 789 | €3,324 | €1,662 | -€1,662 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,067 | €913,328 | +€908,261 | +17,925% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.