MOTTARET: what changed
Two fiscal 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.
MOTTARET
Largest movements
- Receivables within one year +€110,000
up €110,000, from €0 to €110,000
- Tangible fixed assets +€48,164
up €48,164 (+9.9%), from €487,135 to €535,300
of which Land and buildings: +€48,697
- Cash +€39,712
up €39,712 (+315.7%), from €12,580 to €52,292
mainly Net result for the year (+€129,340) and Debts after one year (+€38,793)
- Reserves +€127,674
up €127,674 (+171.2%), from €74,593 to €202,267
of which Distributable reserves: +€127,674
- Debts after one year +€38,793
up €38,793 (+8.4%), from €462,984 to €501,777
- Current portion of long-term debt +€14,714
up €14,714 (+106.0%), from €13,883 to €28,598
- Tax, wage and social debts +€10,383
up €10,383 (+123.3%), from €8,424 to €18,807
- Short-term financial debts +€8,412
new in 2025: €8,412
- Gross operating margin +€97,775
up €97,775 (+68.9%), from €141,916 to €239,691
- Other operating charges -€59,699
down €59,699 (-94.1%), from €63,441 to €3,742
- Taxes +€35,442
up €35,442 (+155.0%), from €22,866 to €58,307
- Depreciation +€22,647
up €22,647 (+682.0%), from €3,320 to €25,967
- Financial charges +€14,809
up €14,809 (+195.7%), from €7,567 to €22,376
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.
Cash bridge derived
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 | €579,716 | €778,210 | +€198,495 | +34.2% |
| Fixed assets | 21/28 | €567,135 | €615,300 | +€48,164 | +8.5% |
| Tangible fixed assets | 22/27 | €487,135 | €535,300 | +€48,164 | +9.9% |
| Land and buildings | 22 | €485,003 | €533,700 | +€48,697 | +10.0% |
| Furniture and vehicles | 24 | €533 | €0 | -€533 | -100.0% |
| Other tangible fixed assets | 26 | €1,600 | €1,600 | = | 0.0% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €12,580 | €162,911 | +€150,330 | +1195.0% |
| Amounts receivable within one year | 40/41 | €0 | €110,000 | +€110,000 | |
| Other amounts receivable | 41 | €0 | €110,000 | +€110,000 | |
| Cash at bank and in hand | 54/58 | €12,580 | €52,292 | +€39,712 | +315.7% |
| Deferred charges and accrued income | 490/1 | - | €619 | +€619 | |
| Total equity and liabilities | 10/49 | €579,716 | €778,210 | +€198,495 | +34.2% |
| Equity | 10/15 | €86,993 | €214,667 | +€127,674 | +146.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,593 | €202,267 | +€127,674 | +171.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €74,593 | €202,267 | +€127,674 | +171.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €492,723 | €563,543 | +€70,821 | +14.4% |
| Amounts payable after more than one year | 17 | €462,984 | €501,777 | +€38,793 | +8.4% |
| Financial debts | 170/4 | €462,984 | €501,777 | +€38,793 | +8.4% |
| Amounts payable within one year | 42/48 | €24,096 | €56,838 | +€32,741 | +135.9% |
| Current portion of amounts payable after more than one year | 42 | €13,883 | €28,598 | +€14,714 | +106.0% |
| Financial debts | 43 | - | €8,412 | +€8,412 | |
| Credit institutions | 430/8 | - | €8,412 | +€8,412 | |
| Trade debts | 44 | €1,119 | €362 | -€757 | -67.7% |
| Suppliers | 440/4 | €1,119 | €362 | -€757 | -67.7% |
| Taxes, remuneration and social security | 45 | €8,424 | €18,807 | +€10,383 | +123.3% |
| Taxes | 450/3 | €8,424 | €18,807 | +€10,383 | +123.3% |
| Other amounts payable | 47/48 | €670 | €659 | -€11 | -1.6% |
| Accrued charges and deferred income | 492/3 | €5,642 | €4,929 | -€713 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €25,967 | +€22,647 | +682.0% |
| Other operating charges | 640/8 | €63,441 | €3,742 | -€59,699 | -94.1% |
| Gross operating margin | 9900 | €141,916 | €239,691 | +€97,775 | +68.9% |
| Operating profit (loss) | 9901 | €75,155 | €209,982 | +€134,827 | +179.4% |
| Financial income | 75/76B | €1 | €42 | +€41 | +5852.9% |
| Recurring financial income | 75 | €1 | €42 | +€41 | +5852.9% |
| Financial charges | 65/66B | €7,567 | €22,376 | +€14,809 | +195.7% |
| Recurring financial charges | 65 | €7,567 | €22,376 | +€14,809 | +195.7% |
| Profit (loss) for the period before taxes | 9903 | €67,589 | €187,647 | +€120,059 | +177.6% |
| Income taxes | 67/77 | €22,866 | €58,307 | +€35,442 | +155.0% |
| Profit (loss) for the period | 9904 | €44,723 | €129,340 | +€84,617 | +189.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,723 | €129,340 | +€84,617 | +189.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.