ARES MOVA: what changed
ARES MOVA
Largest movements
- Tangible fixed assets -€16,209
down €16,209 (-55.3%), from €29,318 to €13,109
of which Furniture and vehicles: -€15,873
- Cash -€1,713
down €1,713 (-7.0%), from €24,431 to €22,718
mainly Contributions, distributions and other (-€11,907) and Debts after one year (-€11,358)
- Receivables within one year -€1,341
down €1,341 (-61.6%), from €2,177 to €835
of which Other amounts receivable: -€1,555
- Debts after one year -€11,358
down €11,358 (-100%), from €11,358 to €0
- Trade debts -€6,811
down €6,811 (-95.5%), from €7,131 to €320
- Current portion of long-term debt -€2,201
down €2,201 (-16.2%), from €13,559 to €11,358
- Other debts +€1,950
up €1,950 (+11.4%), from €17,067 to €19,016
- Tax, wage and social debts -€841
down €841 (-16.4%), from €5,119 to €4,278
of which Taxes: -€847
- Gross operating margin +€10,182
up €10,182 (+42.9%), from €23,742 to €33,924
- Taxes +€1,580
up €1,580 (+50.7%), from €3,116 to €4,695
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 | €65,926 | €46,662 | -€19,264 | -29.2% |
| Fixed assets | 21/28 | €29,318 | €13,109 | -€16,209 | -55.3% |
| Tangible fixed assets | 22/27 | €29,318 | €13,109 | -€16,209 | -55.3% |
| Plant, machinery and equipment | 23 | €915 | €579 | -€336 | -36.7% |
| Furniture and vehicles | 24 | €28,403 | €12,530 | -€15,873 | -55.9% |
| Current assets | 29/58 | €36,608 | €33,553 | -€3,055 | -8.3% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,177 | €835 | -€1,341 | -61.6% |
| Trade receivables | 40 | - | €213 | +€213 | |
| Other amounts receivable | 41 | €2,177 | €622 | -€1,555 | -71.4% |
| Cash at bank and in hand | 54/58 | €24,431 | €22,718 | -€1,713 | -7.0% |
| Total equity and liabilities | 10/49 | €65,926 | €46,662 | -€19,264 | -29.2% |
| Equity | 10/15 | €10,000 | €10,000 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,926 | €36,662 | -€19,264 | -34.4% |
| Amounts payable after more than one year | 17 | €11,358 | €0 | -€11,358 | -100% |
| Financial debts | 170/4 | €11,358 | €0 | -€11,358 | -100% |
| Amounts payable within one year | 42/48 | €44,568 | €36,662 | -€7,906 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €13,559 | €11,358 | -€2,201 | -16.2% |
| Financial debts | 43 | €1,692 | €1,689 | -€3 | -0.2% |
| Credit institutions | 430/8 | €1,692 | €1,689 | -€3 | -0.2% |
| Trade debts | 44 | €7,131 | €320 | -€6,811 | -95.5% |
| Suppliers | 440/4 | €7,131 | €320 | -€6,811 | -95.5% |
| Taxes, remuneration and social security | 45 | €5,119 | €4,278 | -€841 | -16.4% |
| Taxes | 450/3 | €3,133 | €2,286 | -€847 | -27.0% |
| Remuneration and social security | 454/9 | €1,986 | €1,992 | +€7 | +0.3% |
| Other amounts payable | 47/48 | €17,067 | €19,016 | +€1,950 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,480 | €16,209 | -€271 | -1.6% |
| Other operating charges | 640/8 | €1,103 | €1,213 | +€110 | +10.0% |
| Gross operating margin | 9900 | €23,742 | €33,924 | +€10,182 | +42.9% |
| Operating profit (loss) | 9901 | €6,159 | €16,501 | +€10,343 | +168% |
| Financial income | 75/76B | €314 | €396 | +€82 | +26.2% |
| Recurring financial income | 75 | €314 | €396 | +€82 | +26.2% |
| Financial charges | 65/66B | €426 | €295 | -€131 | -30.7% |
| Recurring financial charges | 65 | €426 | €295 | -€131 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €6,047 | €16,602 | +€10,556 | +175% |
| Income taxes | 67/77 | €3,116 | €4,695 | +€1,580 | +50.7% |
| Profit (loss) for the period | 9904 | €2,931 | €11,907 | +€8,976 | +306% |
| Profit (loss) for the period to be appropriated | 9905 | €2,931 | €11,907 | +€8,976 | +306% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.