MOVA: 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.
MOVA
Largest movements
- Tangible fixed assets +€141,606
up €141,606 (+46.6%), from €303,610 to €445,216
of which Land and buildings: +€162,836
- Current investments -€100,000
down €100,000 (-67.0%), from €149,157 to €49,157
- Receivables within one year -€52,127
down €52,127 (-9.2%), from €567,578 to €515,451
- Cash +€29,522
up €29,522 (+36.8%), from €80,281 to €109,804
mainly Current investments (+€100,000) and Other debts (+€85,773)
- Other debts +€85,773
up €85,773 (+665.5%), from €12,889 to €98,662
- Reserves -€48,920
down €48,920 (-5.3%), from €924,395 to €875,474
- Debts after one year -€39,256
down €39,256 (-44.9%), from €87,338 to €48,081
- Financial income -€217,988
down €217,988 (-93.4%), from €233,361 to €15,372
of which Non-recurring financial income: -€215,519
- Gross operating margin +€137,933
up €137,933, from -€7,712 to €130,221
- Taxes +€23,680
up €23,680 (+143.6%), from €16,491 to €40,171
- Depreciation -€20,258
down €20,258 (-47.2%), from €42,878 to €22,619
- Financial charges +€3,783
up €3,783 (+364.7%), from €1,037 to €4,820
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 | €1,101,139 | €1,119,628 | +€18,488 | +1.7% |
| Fixed assets | 21/28 | €303,610 | €445,216 | +€141,606 | +46.6% |
| Tangible fixed assets | 22/27 | €303,610 | €445,216 | +€141,606 | +46.6% |
| Land and buildings | 22 | €213,254 | €376,090 | +€162,836 | +76.4% |
| Plant, machinery and equipment | 23 | €1,367 | €4,121 | +€2,754 | +201.5% |
| Furniture and vehicles | 24 | €88,989 | €65,005 | -€23,984 | -27.0% |
| Current assets | 29/58 | €797,529 | €674,411 | -€123,118 | -15.4% |
| Amounts receivable within one year | 40/41 | €567,578 | €515,451 | -€52,127 | -9.2% |
| Other amounts receivable | 41 | €567,578 | €515,451 | -€52,127 | -9.2% |
| Current investments | 50/53 | €149,157 | €49,157 | -€100,000 | -67.0% |
| Cash at bank and in hand | 54/58 | €80,281 | €109,804 | +€29,522 | +36.8% |
| Deferred charges and accrued income | 490/1 | €512 | €0 | -€512 | -100.0% |
| Total equity and liabilities | 10/49 | €1,101,139 | €1,119,628 | +€18,488 | +1.7% |
| Equity | 10/15 | €976,395 | €927,474 | -€48,920 | -5.0% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Reserves | 13 | €924,395 | €875,474 | -€48,920 | -5.3% |
| Distributable reserves | 133 | €924,395 | €875,474 | -€48,920 | -5.3% |
| Amounts payable | 17/49 | €124,744 | €192,153 | +€67,409 | +54.0% |
| Amounts payable after more than one year | 17 | €87,338 | €48,081 | -€39,256 | -44.9% |
| Financial debts | 170/4 | €87,338 | €48,081 | -€39,256 | -44.9% |
| Amounts payable within one year | 42/48 | €37,407 | €144,072 | +€106,665 | +285.1% |
| Current portion of amounts payable after more than one year | 42 | €15,948 | €27,000 | +€11,052 | +69.3% |
| Trade debts | 44 | €7,079 | €5,888 | -€1,191 | -16.8% |
| Suppliers | 440/4 | €7,079 | €5,888 | -€1,191 | -16.8% |
| Taxes, remuneration and social security | 45 | €1,491 | €12,522 | +€11,031 | +739.8% |
| Taxes | 450/3 | €1,491 | €11,662 | +€10,171 | +682.1% |
| Remuneration and social security | 454/9 | - | €860 | +€860 | |
| Other amounts payable | 47/48 | €12,889 | €98,662 | +€85,773 | +665.5% |
| Non-recurring operating income | 76A | - | €159,494 | +€159,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,878 | €22,619 | -€20,258 | -47.2% |
| Other operating charges | 640/8 | €2,868 | €3,215 | +€347 | +12.1% |
| Gross operating margin | 9900 | -€7,712 | €130,221 | +€137,933 | |
| Operating profit (loss) | 9901 | -€53,458 | €104,387 | +€157,844 | |
| Financial income | 75/76B | €233,361 | €15,372 | -€217,988 | -93.4% |
| Recurring financial income | 75 | €17,841 | €15,372 | -€2,469 | -13.8% |
| Non-recurring financial income | 76B | €215,519 | €0 | -€215,519 | -100.0% |
| Financial charges | 65/66B | €1,037 | €4,820 | +€3,783 | +364.7% |
| Recurring financial charges | 65 | €1,037 | €4,820 | +€3,783 | +364.7% |
| Profit (loss) for the period before taxes | 9903 | €178,866 | €114,939 | -€63,927 | -35.7% |
| Income taxes | 67/77 | €16,491 | €40,171 | +€23,680 | +143.6% |
| Profit (loss) for the period | 9904 | €162,375 | €74,767 | -€87,607 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €162,375 | €74,767 | -€87,607 | -54.0% |
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.