PHILIPPE MOTTARD: 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.
PHILIPPE MOTTARD
Largest movements
- Cash -€57,372
down €57,372 (-66.9%), from €85,770 to €28,398
mainly Receivables within one year (-€40,058) and Debts after one year (-€17,948)
- Receivables within one year +€40,058
up €40,058 (+36.6%), from €109,365 to €149,423
of which Trade receivables: +€41,624
- Debts after one year -€17,948
down €17,948 (-17.1%), from €104,880 to €86,932
- Other debts -€16,160
down €16,160 (-28.7%), from €56,402 to €40,242
- Reserves +€10,707
up €10,707 (+26.2%), from €40,863 to €51,570
- Trade debts +€5,152
up €5,152 (+44.9%), from €11,481 to €16,633
- Gross operating margin +€18,701
up €18,701 (+33.9%), from €55,231 to €73,932
- Staff costs +€10,074
up €10,074 (+23.9%), from €42,236 to €52,311
- Taxes +€1,697
up €1,697 (+36.7%), from €4,631 to €6,328
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 | €256,228 | €240,392 | -€15,836 | -6.2% |
| Fixed assets | 21/28 | €10,752 | €12,028 | +€1,276 | +11.9% |
| Tangible fixed assets | 22/27 | €10,752 | €12,028 | +€1,276 | +11.9% |
| Furniture and vehicles | 24 | €10,752 | €12,028 | +€1,276 | +11.9% |
| Current assets | 29/58 | €245,476 | €228,364 | -€17,113 | -7.0% |
| Amounts receivable within one year | 40/41 | €109,365 | €149,423 | +€40,058 | +36.6% |
| Trade receivables | 40 | €102,322 | €143,946 | +€41,624 | +40.7% |
| Other amounts receivable | 41 | €7,043 | €5,477 | -€1,566 | -22.2% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,770 | €28,398 | -€57,372 | -66.9% |
| Deferred charges and accrued income | 490/1 | €341 | €542 | +€201 | +58.9% |
| Total equity and liabilities | 10/49 | €256,228 | €240,392 | -€15,836 | -6.2% |
| Equity | 10/15 | €47,063 | €57,770 | +€10,707 | +22.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,863 | €51,570 | +€10,707 | +26.2% |
| Distributable reserves | 133 | €40,863 | €51,570 | +€10,707 | +26.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €209,165 | €182,622 | -€26,543 | -12.7% |
| Amounts payable after more than one year | 17 | €104,880 | €86,932 | -€17,948 | -17.1% |
| Financial debts | 170/4 | €104,880 | €86,932 | -€17,948 | -17.1% |
| Amounts payable within one year | 42/48 | €102,645 | €94,050 | -€8,595 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €17,715 | €17,948 | +€233 | +1.3% |
| Trade debts | 44 | €11,481 | €16,633 | +€5,152 | +44.9% |
| Suppliers | 440/4 | €11,481 | €16,633 | +€5,152 | +44.9% |
| Taxes, remuneration and social security | 45 | €17,047 | €19,227 | +€2,180 | +12.8% |
| Taxes | 450/3 | €11,025 | €17,355 | +€6,330 | +57.4% |
| Remuneration and social security | 454/9 | €6,022 | €1,872 | -€4,150 | -68.9% |
| Other amounts payable | 47/48 | €56,402 | €40,242 | -€16,160 | -28.7% |
| Accrued charges and deferred income | 492/3 | €1,640 | €1,640 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €42,236 | €52,311 | +€10,074 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €178 | +€178 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,581 | €1,600 | +€19 | +1.2% |
| Gross operating margin | 9900 | €55,231 | €73,932 | +€18,701 | +33.9% |
| Operating profit (loss) | 9901 | €11,413 | €19,843 | +€8,430 | +73.9% |
| Financial income | 75/76B | €0 | €1 | +€0 | +231.3% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +231.3% |
| Financial charges | 65/66B | €3,127 | €2,808 | -€319 | -10.2% |
| Recurring financial charges | 65 | €3,127 | €2,808 | -€319 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €8,286 | €17,035 | +€8,749 | +105.6% |
| Income taxes | 67/77 | €4,631 | €6,328 | +€1,697 | +36.7% |
| Profit (loss) for the period | 9904 | €3,655 | €10,707 | +€7,052 | +192.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,655 | €10,707 | +€7,052 | +192.9% |
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 12 October 2026 via checked.be.