MOVACO: what changed
Two fiscal 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.
MOVACO
Largest movements
- Receivables within one year -€3,799
down €3,799 (-38.8%), from €9,785 to €5,986
of which Trade receivables: -€3,857
- Stocks and contracts +€3,232
up €3,232 (+112.8%), from €2,866 to €6,098
- Tangible fixed assets -€2,905
down €2,905 (-61.8%), from €4,698 to €1,793
- Deferred charges and accrued income +€1,141
new in 2025: €1,141
- Profit (loss) carried forward -€4,568
down €4,568 (-14.4%), from -€31,697 to -€36,265
- Trade debts +€1,420
up €1,420 (+67.7%), from €2,097 to €3,517
- Tax, wage and social debts -€1,396
down €1,396 (-19.1%), from €7,323 to €5,927
of which Taxes: -€2,376
- Other debts +€1,314
up €1,314 (+1.9%), from €69,573 to €70,887
- Gross operating margin -€5,306
down €5,306, from €4,903 to -€404
- Depreciation -€246
down €246 (-6.9%), from €3,559 to €3,313
- Write-downs +€115
new in 2025: €115
- Financial charges -€69
down €69 (-7.3%), from €948 to €879
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 | €110,249 | €107,020 | -€3,229 | -2.9% |
| Fixed assets | 21/28 | €5,417 | €2,104 | -€3,313 | -61.2% |
| Intangible fixed assets | 21 | €718 | €310 | -€408 | -56.8% |
| Tangible fixed assets | 22/27 | €4,698 | €1,793 | -€2,905 | -61.8% |
| Plant, machinery and equipment | 23 | €4,698 | €1,793 | -€2,905 | -61.8% |
| Current assets | 29/58 | €104,833 | €104,917 | +€84 | +0.1% |
| Stocks and contracts in progress | 3 | €2,866 | €6,098 | +€3,232 | +112.8% |
| Stocks | 30/36 | €2,866 | €6,098 | +€3,232 | +112.8% |
| Amounts receivable within one year | 40/41 | €9,785 | €5,986 | -€3,799 | -38.8% |
| Trade receivables | 40 | €9,680 | €5,823 | -€3,857 | -39.8% |
| Other amounts receivable | 41 | €106 | €164 | +€58 | +55.1% |
| Cash at bank and in hand | 54/58 | €92,181 | €91,691 | -€491 | -0.5% |
| Deferred charges and accrued income | 490/1 | - | €1,141 | +€1,141 | |
| Total equity and liabilities | 10/49 | €110,249 | €107,020 | -€3,229 | -2.9% |
| Equity | 10/15 | €31,257 | €26,689 | -€4,568 | -14.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,954 | €42,954 | = | 0.0% |
| Distributable reserves | 133 | €42,954 | €42,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,697 | -€36,265 | -€4,568 | -14.4% |
| Amounts payable | 17/49 | €78,993 | €80,331 | +€1,338 | +1.7% |
| Amounts payable within one year | 42/48 | €78,993 | €80,331 | +€1,338 | +1.7% |
| Trade debts | 44 | €2,097 | €3,517 | +€1,420 | +67.7% |
| Suppliers | 440/4 | €2,097 | €3,517 | +€1,420 | +67.7% |
| Taxes, remuneration and social security | 45 | €7,323 | €5,927 | -€1,396 | -19.1% |
| Taxes | 450/3 | €3,403 | €1,027 | -€2,376 | -69.8% |
| Remuneration and social security | 454/9 | €3,920 | €4,900 | +€980 | +25.0% |
| Other amounts payable | 47/48 | €69,573 | €70,887 | +€1,314 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,559 | €3,313 | -€246 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €115 | +€115 | |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €4,903 | -€404 | -€5,306 | |
| Operating profit (loss) | 9901 | €1,203 | -€3,976 | -€5,179 | |
| Financial income | 75/76B | €279 | €287 | +€8 | +3.0% |
| Recurring financial income | 75 | €279 | €287 | +€8 | +3.0% |
| Financial charges | 65/66B | €948 | €879 | -€69 | -7.3% |
| Recurring financial charges | 65 | €948 | €879 | -€69 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €534 | -€4,568 | -€5,101 | |
| Profit (loss) for the period | 9904 | €534 | -€4,568 | -€5,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €534 | -€4,568 | -€5,101 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.