MOTRAXX: 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.
MOTRAXX
Largest movements
- Cash +€26,668
up €26,668 (+51.7%), from €51,605 to €78,273
mainly Net result for the year (+€19,280) and Other debts (+€6,002)
- Financial fixed assets -€1,331
no longer reported in 2025 (was €1,331)
- Profit (loss) carried forward +€19,279
up €19,279 (+3.3%), from -€586,370 to -€567,091
- Other debts +€6,002
up €6,002 (+4.6%), from €129,774 to €135,776
- Other operating charges -€23,621
down €23,621 (-81.0%), from €29,150 to €5,529
- Turnover -€9,677
down €9,677 (-22.2%), from €43,662 to €33,985
- Purchases and services -€5,592
down €5,592 (-38.9%), from €14,390 to €8,798
- Gross operating margin -€4,085
down €4,085 (-14.0%), from €29,272 to €25,187
- Depreciation -€1,226
down €1,226 (-85.5%), from €1,434 to €208
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 | €103,000 | €127,240 | +€24,240 | +23.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €45,474 | €43,935 | -€1,539 | -3.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €44,143 | €43,935 | -€208 | -0.5% |
| Land and buildings | 22 | €43,935 | €43,935 | = | 0.0% |
| Plant, machinery and equipment | 23 | €208 | - | -€208 | |
| Financial fixed assets | 28 | €1,331 | - | -€1,331 | |
| Current assets | 29/58 | €57,526 | €83,305 | +€25,779 | +44.8% |
| Stocks and contracts in progress | 3 | €750 | €750 | = | 0.0% |
| Stocks | 30/36 | €750 | €750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,171 | €4,282 | -€889 | -17.2% |
| Trade receivables | 40 | €5,171 | €4,282 | -€889 | -17.2% |
| Cash at bank and in hand | 54/58 | €51,605 | €78,273 | +€26,668 | +51.7% |
| Total equity and liabilities | 10/49 | €103,000 | €127,240 | +€24,240 | +23.5% |
| Equity | 10/15 | -€473,575 | -€454,296 | +€19,279 | +4.1% |
| Contributions | 10/11 | €100,893 | €100,893 | = | 0.0% |
| Capital | 10 | €100,893 | €100,893 | = | 0.0% |
| Issued capital | 100 | €100,893 | €100,893 | = | 0.0% |
| Reserves | 13 | €11,902 | €11,902 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,902 | €11,902 | = | 0.0% |
| Legal reserve | 130 | €10,089 | €10,089 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,813 | €1,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€586,370 | -€567,091 | +€19,279 | +3.3% |
| Amounts payable | 17/49 | €576,575 | €581,536 | +€4,961 | +0.9% |
| Amounts payable after more than one year | 17 | €444,000 | €444,000 | = | 0.0% |
| Financial debts | 170/4 | €444,000 | €444,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €132,575 | €137,536 | +€4,961 | +3.7% |
| Trade debts | 44 | - | €119 | +€119 | |
| Suppliers | 440/4 | - | €119 | +€119 | |
| Taxes, remuneration and social security | 45 | €2,801 | €1,641 | -€1,160 | -41.4% |
| Taxes | 450/3 | - | €1,641 | +€1,641 | |
| Remuneration and social security | 454/9 | €2,801 | - | -€2,801 | |
| Other amounts payable | 47/48 | €129,774 | €135,776 | +€6,002 | +4.6% |
| Turnover | 70 | €43,662 | €33,985 | -€9,677 | -22.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,390 | €8,798 | -€5,592 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €208 | -€1,226 | -85.5% |
| Other operating charges | 640/8 | €29,150 | €5,529 | -€23,621 | -81.0% |
| Gross operating margin | 9900 | €29,272 | €25,187 | -€4,085 | -14.0% |
| Operating profit (loss) | 9901 | -€1,312 | €19,450 | +€20,762 | |
| Financial charges | 65/66B | €160 | €170 | +€10 | +6.3% |
| Recurring financial charges | 65 | €160 | €170 | +€10 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,472 | €19,280 | +€20,752 | |
| Profit (loss) for the period | 9904 | -€1,472 | €19,280 | +€20,752 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,472 | €19,280 | +€20,752 |
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 24 October 2026 via checked.be.