MOTTO-TCHEKAP: 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.
MOTTO-TCHEKAP
Largest movements
- Receivables within one year -€176,644
down €176,644 (-96.5%), from €183,036 to €6,392
of which Other amounts receivable: -€176,519
- Tangible fixed assets -€62,635
down €62,635 (-13.7%), from €458,004 to €395,369
- Cash +€45,430
up €45,430 (+77.4%), from €58,662 to €104,092
mainly Net result for the year (+€246,291) and Receivables within one year (+€176,644)
- Reserves -€126,194
down €126,194 (-22.0%), from €573,580 to €447,386
of which Distributable reserves: -€126,194
- Debts after one year -€72,729
down €72,729 (-75.4%), from €96,449 to €23,720
- Tax, wage and social debts +€15,081
up €15,081 (+377%), from €4,000 to €19,081
- Gross operating margin +€66,095
up €66,095 (+20.1%), from €329,016 to €395,111
- Taxes +€17,851
up €17,851 (+28.7%), from €62,230 to €80,081
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 | €819,624 | €627,227 | -€192,397 | -23.5% |
| Fixed assets | 21/28 | €458,004 | €395,369 | -€62,635 | -13.7% |
| Tangible fixed assets | 22/27 | €458,004 | €395,369 | -€62,635 | -13.7% |
| Land and buildings | 22 | €267,527 | €244,893 | -€22,634 | -8.5% |
| Plant, machinery and equipment | 23 | €643 | €498 | -€145 | -22.6% |
| Furniture and vehicles | 24 | €28,641 | €15,198 | -€13,443 | -46.9% |
| Other tangible fixed assets | 26 | €161,193 | €134,780 | -€26,413 | -16.4% |
| Current assets | 29/58 | €361,620 | €231,858 | -€129,762 | -35.9% |
| Amounts receivable within one year | 40/41 | €183,036 | €6,392 | -€176,644 | -96.5% |
| Trade receivables | 40 | €125 | - | -€125 | |
| Other amounts receivable | 41 | €182,911 | €6,392 | -€176,519 | -96.5% |
| Cash at bank and in hand | 54/58 | €58,662 | €104,092 | +€45,430 | +77.4% |
| Deferred charges and accrued income | 490/1 | €119,922 | €121,374 | +€1,452 | +1.2% |
| Total equity and liabilities | 10/49 | €819,624 | €627,227 | -€192,397 | -23.5% |
| Equity | 10/15 | €617,495 | €490,786 | -€126,709 | -20.5% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €573,580 | €447,386 | -€126,194 | -22.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €573,580 | €447,386 | -€126,194 | -22.0% |
| Profit (loss) carried forward | 14 | €515 | - | -€515 | |
| Amounts payable | 17/49 | €202,129 | €136,441 | -€65,688 | -32.5% |
| Amounts payable after more than one year | 17 | €96,449 | €23,720 | -€72,729 | -75.4% |
| Financial debts | 170/4 | €96,449 | €23,720 | -€72,729 | -75.4% |
| Amounts payable within one year | 42/48 | €105,680 | €111,531 | +€5,851 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €93,184 | €88,980 | -€4,204 | -4.5% |
| Trade debts | 44 | €8,496 | €3,470 | -€5,026 | -59.2% |
| Suppliers | 440/4 | €8,496 | €3,470 | -€5,026 | -59.2% |
| Taxes, remuneration and social security | 45 | €4,000 | €19,081 | +€15,081 | +377% |
| Taxes | 450/3 | €4,000 | €19,081 | +€15,081 | +377% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €1,190 | +€1,190 | |
| Non-recurring operating income | 76A | €2,334 | - | -€2,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,626 | €64,039 | +€413 | +0.6% |
| Other operating charges | 640/8 | €6,266 | €6,135 | -€131 | -2.1% |
| Gross operating margin | 9900 | €329,016 | €395,111 | +€66,095 | +20.1% |
| Operating profit (loss) | 9901 | €259,124 | €324,937 | +€65,813 | +25.4% |
| Financial income | 75/76B | €4,826 | €7,066 | +€2,240 | +46.4% |
| Recurring financial income | 75 | €4,826 | €7,066 | +€2,240 | +46.4% |
| Financial charges | 65/66B | €6,940 | €5,631 | -€1,309 | -18.9% |
| Recurring financial charges | 65 | €6,940 | €5,631 | -€1,309 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €257,010 | €326,372 | +€69,362 | +27.0% |
| Income taxes | 67/77 | €62,230 | €80,081 | +€17,851 | +28.7% |
| Profit (loss) for the period | 9904 | €194,780 | €246,291 | +€51,511 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €194,780 | €246,291 | +€51,511 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.