Moovartes: 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.
Moovartes
Largest movements
- Current investments +€749,633
up €749,633, from €0 to €749,633
- Receivables within one year -€679,667
down €679,667 (-40.8%), from €1.7m to €984,470
of which Other amounts receivable: -€396,373
- Cash -€346,338
down €346,338 (-43.8%), from €790,793 to €444,455
mainly Contributions, distributions and other (-€1.2m) and Current investments (-€749,633)
- Stocks and contracts +€93,886
up €93,886 (+14.9%), from €631,181 to €725,067
- Tangible fixed assets +€52,011
up €52,011 (+31.8%), from €163,587 to €215,598
of which Furniture and vehicles: +€50,621
- Reserves -€300,879
down €300,879 (-16.9%), from €1.8m to €1.5m
- Other debts +€249,927
up €249,927 (+26.2%), from €953,977 to €1.2m
- Trade debts -€176,024
down €176,024 (-37.0%), from €475,365 to €299,341
- Short-term financial debts +€77,391
new in 2025: €77,391
- Gross operating margin -€205,012
down €205,012 (-10.4%), from €2.0m to €1.8m
- Taxes -€62,163
down €62,163 (-17.1%), from €363,835 to €301,672
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 | €3,328,618 | €3,157,946 | -€170,672 | -5.1% |
| Fixed assets | 21/28 | €164,587 | €216,598 | +€52,011 | +31.6% |
| Tangible fixed assets | 22/27 | €163,587 | €215,598 | +€52,011 | +31.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €89,658 | €91,048 | +€1,390 | +1.6% |
| Furniture and vehicles | 24 | €73,929 | €124,550 | +€50,621 | +68.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €3,164,030 | €2,941,347 | -€222,683 | -7.0% |
| Amounts receivable after more than one year | 29 | €47,982 | €0 | -€47,982 | -100% |
| Other amounts receivable | 291 | €47,982 | €0 | -€47,982 | -100% |
| Stocks and contracts in progress | 3 | €631,181 | €725,067 | +€93,886 | +14.9% |
| Stocks | 30/36 | €631,181 | €725,067 | +€93,886 | +14.9% |
| Amounts receivable within one year | 40/41 | €1,664,137 | €984,470 | -€679,667 | -40.8% |
| Trade receivables | 40 | €1,227,289 | €943,995 | -€283,294 | -23.1% |
| Other amounts receivable | 41 | €436,848 | €40,476 | -€396,373 | -90.7% |
| Current investments | 50/53 | €0 | €749,633 | +€749,633 | |
| Cash at bank and in hand | 54/58 | €790,793 | €444,455 | -€346,338 | -43.8% |
| Deferred charges and accrued income | 490/1 | €29,937 | €37,722 | +€7,785 | +26.0% |
| Total equity and liabilities | 10/49 | €3,328,618 | €3,157,946 | -€170,672 | -5.1% |
| Equity | 10/15 | €1,788,896 | €1,488,017 | -€300,879 | -16.8% |
| Contributions | 10/11 | €5,483 | €5,483 | = | 0.0% |
| Reserves | 13 | €1,783,412 | €1,482,534 | -€300,879 | -16.9% |
| Distributable reserves | 133 | €1,783,412 | €1,482,534 | -€300,879 | -16.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,539,722 | €1,669,929 | +€130,207 | +8.5% |
| Amounts payable within one year | 42/48 | €1,539,722 | €1,669,929 | +€130,207 | +8.5% |
| Financial debts | 43 | - | €77,391 | +€77,391 | |
| Credit institutions | 430/8 | - | €77,391 | +€77,391 | |
| Trade debts | 44 | €475,365 | €299,341 | -€176,024 | -37.0% |
| Suppliers | 440/4 | €475,365 | €299,341 | -€176,024 | -37.0% |
| Taxes, remuneration and social security | 45 | €110,379 | €89,292 | -€21,087 | -19.1% |
| Taxes | 450/3 | €26,974 | €16,976 | -€9,998 | -37.1% |
| Remuneration and social security | 454/9 | €83,405 | €72,316 | -€11,089 | -13.3% |
| Other amounts payable | 47/48 | €953,977 | €1,203,905 | +€249,927 | +26.2% |
| Non-recurring operating income | 76A | €826 | €2,147 | +€1,321 | +160% |
| Remuneration, social security and pensions | 62 | €530,812 | €529,881 | -€930 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,326 | €66,885 | +€11,560 | +20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,919 | €12,091 | +€172 | +1.4% |
| Gross operating margin | 9900 | €1,977,493 | €1,772,481 | -€205,012 | -10.4% |
| Operating profit (loss) | 9901 | €1,379,438 | €1,163,623 | -€215,814 | -15.6% |
| Financial income | 75/76B | €67,745 | €55,899 | -€11,847 | -17.5% |
| Recurring financial income | 75 | €67,745 | €55,899 | -€11,847 | -17.5% |
| Financial charges | 65/66B | €6,875 | €18,729 | +€11,854 | +172% |
| Recurring financial charges | 65 | €6,875 | €18,729 | +€11,854 | +172% |
| Profit (loss) for the period before taxes | 9903 | €1,440,308 | €1,200,793 | -€239,515 | -16.6% |
| Income taxes | 67/77 | €363,835 | €301,672 | -€62,163 | -17.1% |
| Profit (loss) for the period | 9904 | €1,076,473 | €899,121 | -€177,351 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,076,473 | €899,121 | -€177,351 | -16.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.