Mov'Up: 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.
Mov'Up
Largest movements
- Receivables within one year +€218,966
up €218,966 (+52.3%), from €418,699 to €637,664
of which Other amounts receivable: +€152,461
- Receivables after one year -€85,667
down €85,667 (-29.2%), from €293,185 to €207,518
- Cash +€51,357
up €51,357 (+219%), from €23,444 to €74,801
mainly Net result for the year (+€231,195) and Other debts (+€153,531)
- Reserves +€214,814
up €214,814 (+33.4%), from €643,873 to €858,687
- Debts after one year -€171,000
down €171,000 (-100%), from €171,000 to €0
- Other debts +€153,531
up €153,531 (+303%), from €50,612 to €204,142
- Financial income -€485,545
down €485,545 (-97.7%), from €496,874 to €11,328
- Gross operating margin +€193,499
up €193,499 (+91.8%), from €210,882 to €404,381
- Taxes +€48,761
up €48,761 (+86.2%), from €56,539 to €105,300
- Staff costs +€26,059
up €26,059 (+52.5%), from €49,671 to €75,729
- Other operating charges -€20,859
down €20,859 (-91.4%), from €22,830 to €1,972
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 | €2,435,708 | €2,637,349 | +€201,641 | +8.3% |
| Fixed assets | 21/28 | €1,696,959 | €1,706,060 | +€9,102 | +0.5% |
| Tangible fixed assets | 22/27 | €191,411 | €200,512 | +€9,102 | +4.8% |
| Other tangible fixed assets | 26 | €12,593 | €11,818 | -€775 | -6.2% |
| Assets under construction and advance payments | 27 | €178,818 | €188,694 | +€9,876 | +5.5% |
| Financial fixed assets | 28 | €1,505,548 | €1,505,548 | = | 0.0% |
| Current assets | 29/58 | €738,749 | €931,288 | +€192,539 | +26.1% |
| Amounts receivable after more than one year | 29 | €293,185 | €207,518 | -€85,667 | -29.2% |
| Other amounts receivable | 291 | €293,185 | €207,518 | -€85,667 | -29.2% |
| Amounts receivable within one year | 40/41 | €418,699 | €637,664 | +€218,966 | +52.3% |
| Trade receivables | 40 | €193,495 | €260,000 | +€66,505 | +34.4% |
| Other amounts receivable | 41 | €225,204 | €377,664 | +€152,461 | +67.7% |
| Cash at bank and in hand | 54/58 | €23,444 | €74,801 | +€51,357 | +219% |
| Deferred charges and accrued income | 490/1 | €3,422 | €11,305 | +€7,883 | +230% |
| Total equity and liabilities | 10/49 | €2,435,708 | €2,637,349 | +€201,641 | +8.3% |
| Equity | 10/15 | €2,105,873 | €2,320,687 | +€214,814 | +10.2% |
| Contributions | 10/11 | €1,462,000 | €1,462,000 | = | 0.0% |
| Reserves | 13 | €643,873 | €858,687 | +€214,814 | +33.4% |
| Distributable reserves | 133 | €643,873 | €858,687 | +€214,814 | +33.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €329,835 | €316,662 | -€13,174 | -4.0% |
| Amounts payable after more than one year | 17 | €171,000 | €0 | -€171,000 | -100% |
| Other amounts payable | 178/9 | €171,000 | €0 | -€171,000 | -100% |
| Amounts payable within one year | 42/48 | €150,624 | €316,662 | +€166,038 | +110% |
| Financial debts | 43 | €3,847 | €0 | -€3,847 | -100% |
| Other loans | 439 | €3,847 | €0 | -€3,847 | -100% |
| Trade debts | 44 | €4,297 | €3,449 | -€848 | -19.7% |
| Suppliers | 440/4 | €4,297 | €3,449 | -€848 | -19.7% |
| Taxes, remuneration and social security | 45 | €91,868 | €109,071 | +€17,203 | +18.7% |
| Taxes | 450/3 | €85,547 | €101,602 | +€16,055 | +18.8% |
| Remuneration and social security | 454/9 | €6,321 | €7,468 | +€1,148 | +18.2% |
| Other amounts payable | 47/48 | €50,612 | €204,142 | +€153,531 | +303% |
| Accrued charges and deferred income | 492/3 | €8,212 | €0 | -€8,212 | -100% |
| Remuneration, social security and pensions | 62 | €49,671 | €75,729 | +€26,059 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €775 | €775 | = | 0.0% |
| Other operating charges | 640/8 | €22,830 | €1,972 | -€20,859 | -91.4% |
| Non-recurring operating charges | 66A | €87,403 | €0 | -€87,403 | -100% |
| Gross operating margin | 9900 | €210,882 | €404,381 | +€193,499 | +91.8% |
| Operating profit (loss) | 9901 | €50,203 | €325,905 | +€275,702 | +549% |
| Financial income | 75/76B | €496,874 | €11,328 | -€485,545 | -97.7% |
| Recurring financial income | 75 | €496,874 | €11,328 | -€485,545 | -97.7% |
| Financial charges | 65/66B | €14,270 | €738 | -€13,532 | -94.8% |
| Recurring financial charges | 65 | €14,270 | €738 | -€13,532 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €532,807 | €336,496 | -€196,312 | -36.8% |
| Income taxes | 67/77 | €56,539 | €105,300 | +€48,761 | +86.2% |
| Profit (loss) for the period | 9904 | €476,268 | €231,195 | -€245,073 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €476,268 | €231,195 | -€245,073 | -51.5% |
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 1 November 2026 via checked.be.