Motulus: 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.
Motulus
Largest movements
- Intangible fixed assets +€347,314
up €347,314 (+20.3%), from €1.7m to €2.1m
- Cash +€289,438
up €289,438 (+161.5%), from €179,195 to €468,633
mainly Depreciation (+€653,040) and Contributions, distributions and other (+€557,146)
- Receivables within one year +€60,028
up €60,028 (+31.9%), from €188,259 to €248,287
of which Trade receivables: +€49,344
- Contributions +€557,146
up €557,146 (+63.4%), from €878,624 to €1.4m
- Reserves +€71,451
up €71,451 (+9.0%), from €796,328 to €867,779
- Debts after one year +€65,193
up €65,193 (+30.1%), from €216,487 to €281,680
- Trade debts -€51,497
down €51,497 (-52.3%), from €98,400 to €46,903
- Tax, wage and social debts +€29,772
up €29,772 (+53.8%), from €55,316 to €85,087
of which Remuneration and social security: +€25,228
- Gross operating margin +€319,112
up €319,112 (+35.9%), from €889,163 to €1.2m
- Staff costs +€176,947
up €176,947 (+62.5%), from €283,014 to €459,960
- Depreciation +€127,276
up €127,276 (+24.2%), from €525,764 to €653,040
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 | €2,101,409 | €2,802,026 | +€700,617 | +33.3% |
| Fixed assets | 21/28 | €1,730,239 | €2,081,562 | +€351,323 | +20.3% |
| Intangible fixed assets | 21 | €1,712,402 | €2,059,716 | +€347,314 | +20.3% |
| Tangible fixed assets | 22/27 | €5,962 | €9,971 | +€4,009 | +67.2% |
| Furniture and vehicles | 24 | €5,962 | €9,971 | +€4,009 | +67.2% |
| Financial fixed assets | 28 | €11,875 | €11,875 | = | 0.0% |
| Current assets | 29/58 | €371,171 | €720,464 | +€349,294 | +94.1% |
| Amounts receivable within one year | 40/41 | €188,259 | €248,287 | +€60,028 | +31.9% |
| Trade receivables | 40 | €156,701 | €206,044 | +€49,344 | +31.5% |
| Other amounts receivable | 41 | €31,558 | €42,243 | +€10,684 | +33.9% |
| Cash at bank and in hand | 54/58 | €179,195 | €468,633 | +€289,438 | +161.5% |
| Deferred charges and accrued income | 490/1 | €3,717 | €3,544 | -€172 | -4.6% |
| Total equity and liabilities | 10/49 | €2,101,409 | €2,802,026 | +€700,617 | +33.3% |
| Equity | 10/15 | €1,674,952 | €2,303,549 | +€628,597 | +37.5% |
| Contributions | 10/11 | €878,624 | €1,435,770 | +€557,146 | +63.4% |
| Reserves | 13 | €796,328 | €867,779 | +€71,451 | +9.0% |
| Distributable reserves | 133 | €796,328 | €867,779 | +€71,451 | +9.0% |
| Amounts payable | 17/49 | €426,457 | €498,477 | +€72,019 | +16.9% |
| Amounts payable after more than one year | 17 | €216,487 | €281,680 | +€65,193 | +30.1% |
| Financial debts | 170/4 | €216,487 | €281,680 | +€65,193 | +30.1% |
| Amounts payable within one year | 42/48 | €209,970 | €216,797 | +€6,827 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €56,255 | €84,807 | +€28,552 | +50.8% |
| Trade debts | 44 | €98,400 | €46,903 | -€51,497 | -52.3% |
| Suppliers | 440/4 | €98,400 | €46,903 | -€51,497 | -52.3% |
| Taxes, remuneration and social security | 45 | €55,316 | €85,087 | +€29,772 | +53.8% |
| Taxes | 450/3 | €10,047 | €14,591 | +€4,544 | +45.2% |
| Remuneration and social security | 454/9 | €45,269 | €70,497 | +€25,228 | +55.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €283,014 | €459,960 | +€176,947 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525,764 | €653,040 | +€127,276 | +24.2% |
| Other operating charges | 640/8 | €1,676 | €1,635 | -€41 | -2.5% |
| Gross operating margin | 9900 | €889,163 | €1,208,275 | +€319,112 | +35.9% |
| Operating profit (loss) | 9901 | €78,709 | €93,640 | +€14,930 | +19.0% |
| Financial income | 75/76B | €1,361 | €515 | -€847 | -62.2% |
| Recurring financial income | 75 | €1,361 | €515 | -€847 | -62.2% |
| Financial charges | 65/66B | €14,298 | €22,542 | +€8,245 | +57.7% |
| Recurring financial charges | 65 | €14,298 | €22,542 | +€8,245 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €65,773 | €71,612 | +€5,839 | +8.9% |
| Income taxes | 67/77 | €201 | €161 | -€41 | -20.2% |
| Profit (loss) for the period | 9904 | €65,572 | €71,451 | +€5,880 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,572 | €71,451 | +€5,880 | +9.0% |
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 11 October 2026 via checked.be.