Vincent Mottet: 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.
Vincent Mottet
Largest movements
- Receivables within one year +€24,361
up €24,361 (+36.6%), from €66,540 to €90,901
of which Other amounts receivable: +€36,046
- Deferred charges and accrued income -€2,005
down €2,005 (-74.7%), from €2,685 to €680
- Other debts +€32,000
new in 2025: €32,000
- Trade debts -€14,088
down €14,088 (-47.8%), from €29,480 to €15,392
- Accrued charges and deferred income -€9,655
down €9,655 (-97.6%), from €9,894 to €239
- Tax, wage and social debts +€7,861
up €7,861 (+110%), from €7,115 to €14,976
- Short-term financial debts +€4,186
up €4,186 (+160%), from €2,616 to €6,802
- Gross operating margin +€21,504
up €21,504 (+75.8%), from €28,369 to €49,873
- Taxes +€8,315
up €8,315 (+1,915%), from €434 to €8,750
- Financial charges +€723
up €723 (+27.1%), from €2,668 to €3,391
- Other operating charges -€613
down €613 (-14.5%), from €4,239 to €3,625
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 | €69,353 | €91,638 | +€22,285 | +32.1% |
| Fixed assets | 21/28 | €128 | €57 | -€71 | -55.2% |
| Tangible fixed assets | 22/27 | €128 | €0 | -€128 | -100% |
| Furniture and vehicles | 24 | €128 | €0 | -€128 | -100% |
| Financial fixed assets | 28 | - | €57 | +€57 | |
| Current assets | 29/58 | €69,225 | €91,581 | +€22,356 | +32.3% |
| Amounts receivable within one year | 40/41 | €66,540 | €90,901 | +€24,361 | +36.6% |
| Trade receivables | 40 | €16,827 | €5,143 | -€11,685 | -69.4% |
| Other amounts receivable | 41 | €49,713 | €85,759 | +€36,046 | +72.5% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €2,685 | €680 | -€2,005 | -74.7% |
| Total equity and liabilities | 10/49 | €69,353 | €91,638 | +€22,285 | +32.1% |
| Equity | 10/15 | €20,249 | €22,229 | +€1,980 | +9.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | €5,989 | €7,969 | +€1,980 | +33.1% |
| Amounts payable | 17/49 | €49,104 | €69,409 | +€20,305 | +41.4% |
| Amounts payable within one year | 42/48 | €39,210 | €69,170 | +€29,960 | +76.4% |
| Financial debts | 43 | €2,616 | €6,802 | +€4,186 | +160% |
| Credit institutions | 430/8 | €2,616 | €6,802 | +€4,186 | +160% |
| Trade debts | 44 | €29,480 | €15,392 | -€14,088 | -47.8% |
| Suppliers | 440/4 | €29,480 | €15,392 | -€14,088 | -47.8% |
| Taxes, remuneration and social security | 45 | €7,115 | €14,976 | +€7,861 | +110% |
| Taxes | 450/3 | €7,115 | €14,976 | +€7,861 | +110% |
| Other amounts payable | 47/48 | - | €32,000 | +€32,000 | |
| Accrued charges and deferred income | 492/3 | €9,894 | €239 | -€9,655 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €128 | -€136 | -51.5% |
| Other operating charges | 640/8 | €4,239 | €3,625 | -€613 | -14.5% |
| Gross operating margin | 9900 | €28,369 | €49,873 | +€21,504 | +75.8% |
| Operating profit (loss) | 9901 | €23,866 | €46,120 | +€22,254 | +93.2% |
| Financial income | 75/76B | €1 | €1 | +€0 | +63.5% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +63.5% |
| Financial charges | 65/66B | €2,668 | €3,391 | +€723 | +27.1% |
| Recurring financial charges | 65 | €2,668 | €3,391 | +€723 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €21,199 | €42,730 | +€21,531 | +102% |
| Income taxes | 67/77 | €434 | €8,750 | +€8,315 | +1,915% |
| Profit (loss) for the period | 9904 | €20,765 | €33,980 | +€13,215 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,765 | €33,980 | +€13,215 | +63.6% |
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 27 October 2026 via checked.be.