MOTYBEL: what changed
MOTYBEL
Largest movements
- Cash +€64,318
up €64,318 (+130%), from €49,473 to €113,791
mainly Receivables within one year (+€30,386) and Depreciation (+€21,493)
- Receivables within one year -€30,386
down €30,386 (-19.2%), from €158,219 to €127,833
of which Trade receivables: -€31,597
- Tangible fixed assets -€17,969
down €17,969 (-24.6%), from €72,898 to €54,930
of which Furniture and vehicles: -€17,794
- Reserves +€15,000
up €15,000 (+806%), from €1,860 to €16,860
of which Distributable reserves: +€15,000
- Other debts +€13,545
up €13,545 (+2,716%), from €499 to €14,044
- Debts after one year -€11,916
down €11,916 (-40.7%), from €29,267 to €17,351
- Trade debts -€5,942
down €5,942 (-14.6%), from €40,628 to €34,687
- Tax, wage and social debts +€4,727
up €4,727 (+294%), from €1,609 to €6,337
- Gross operating margin +€59,253
up €59,253 (+155%), from €38,172 to €97,425
- Staff costs +€44,874
new in 2025: €44,874
- Other operating charges +€7,040
up €7,040 (+1,427%), from €493 to €7,534
- Depreciation +€5,937
up €5,937 (+38.2%), from €15,557 to €21,493
- Taxes -€1,477
down €1,477 (-18.5%), from €7,977 to €6,500
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,473 | €303,448 | +€15,975 | +5.6% |
| Fixed assets | 21/28 | €73,218 | €55,250 | -€17,969 | -24.5% |
| Tangible fixed assets | 22/27 | €72,898 | €54,930 | -€17,969 | -24.6% |
| Plant, machinery and equipment | 23 | €202 | €28 | -€174 | -86.3% |
| Furniture and vehicles | 24 | €72,696 | €54,902 | -€17,794 | -24.5% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €214,255 | €248,198 | +€33,944 | +15.8% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €158,219 | €127,833 | -€30,386 | -19.2% |
| Trade receivables | 40 | €157,420 | €125,823 | -€31,597 | -20.1% |
| Other amounts receivable | 41 | €799 | €2,010 | +€1,211 | +152% |
| Cash at bank and in hand | 54/58 | €49,473 | €113,791 | +€64,318 | +130% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,573 | +€11 | +0.7% |
| Total equity and liabilities | 10/49 | €287,473 | €303,448 | +€15,975 | +5.6% |
| Equity | 10/15 | €199,199 | €214,481 | +€15,283 | +7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €16,860 | +€15,000 | +806% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €191,139 | €191,421 | +€283 | +0.1% |
| Amounts payable | 17/49 | €88,274 | €88,966 | +€692 | +0.8% |
| Amounts payable after more than one year | 17 | €29,267 | €17,351 | -€11,916 | -40.7% |
| Financial debts | 170/4 | €29,267 | €17,351 | -€11,916 | -40.7% |
| Amounts payable within one year | 42/48 | €58,507 | €71,115 | +€12,609 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €15,770 | €16,048 | +€278 | +1.8% |
| Trade debts | 44 | €40,628 | €34,687 | -€5,942 | -14.6% |
| Suppliers | 440/4 | €40,628 | €34,687 | -€5,942 | -14.6% |
| Taxes, remuneration and social security | 45 | €1,609 | €6,337 | +€4,727 | +294% |
| Remuneration and social security | 454/9 | €1,609 | €6,337 | +€4,727 | +294% |
| Other amounts payable | 47/48 | €499 | €14,044 | +€13,545 | +2,716% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | €5,372 | - | -€5,372 | |
| Remuneration, social security and pensions | 62 | - | €44,874 | +€44,874 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,557 | €21,493 | +€5,937 | +38.2% |
| Other operating charges | 640/8 | €493 | €7,534 | +€7,040 | +1,427% |
| Gross operating margin | 9900 | €38,172 | €97,425 | +€59,253 | +155% |
| Operating profit (loss) | 9901 | €22,122 | €23,524 | +€1,402 | +6.3% |
| Financial income | 75/76B | €1,380 | €2,505 | +€1,125 | +81.5% |
| Recurring financial income | 75 | €1,380 | €2,505 | +€1,125 | +81.5% |
| Financial charges | 65/66B | €5,390 | €4,247 | -€1,143 | -21.2% |
| Recurring financial charges | 65 | €5,390 | €4,247 | -€1,143 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €18,113 | €21,783 | +€3,669 | +20.3% |
| Income taxes | 67/77 | €7,977 | €6,500 | -€1,477 | -18.5% |
| Profit (loss) for the period | 9904 | €10,136 | €15,283 | +€5,147 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,136 | €15,283 | +€5,147 | +50.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.