MOVAM: 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.
MOVAM
Largest movements
- Current investments -€90,950
down €90,950 (-5.8%), from €1.6m to €1.5m
- Tangible fixed assets -€22,174
down €22,174 (-22.6%), from €98,261 to €76,087
of which Furniture and vehicles: -€13,834
- Tax, wage and social debts -€113,654
down €113,654 (-89.1%), from €127,569 to €13,915
- Reserves +€27,116
up €27,116 (+1.7%), from €1.6m to €1.6m
- Financial income +€10,502
up €10,502 (+74.6%), from €14,079 to €24,581
- Gross operating margin +€4,326
up €4,326 (+6.2%), from €69,761 to €74,087
- Taxes +€2,610
up €2,610 (+16.1%), from €16,186 to €18,797
- Depreciation +€1,145
up €1,145 (+5.4%), from €21,029 to €22,174
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 | €1,745,797 | €1,658,851 | -€86,946 | -5.0% |
| Fixed assets | 21/28 | €98,261 | €76,087 | -€22,174 | -22.6% |
| Tangible fixed assets | 22/27 | €98,261 | €76,087 | -€22,174 | -22.6% |
| Land and buildings | 22 | €48,307 | €42,184 | -€6,123 | -12.7% |
| Plant, machinery and equipment | 23 | €6,194 | €3,978 | -€2,217 | -35.8% |
| Furniture and vehicles | 24 | €43,759 | €29,925 | -€13,834 | -31.6% |
| Current assets | 29/58 | €1,647,536 | €1,582,764 | -€64,772 | -3.9% |
| Amounts receivable within one year | 40/41 | €9,903 | €24,155 | +€14,253 | +144% |
| Trade receivables | 40 | - | €15,731 | +€15,731 | |
| Other amounts receivable | 41 | €9,903 | €8,425 | -€1,478 | -14.9% |
| Current investments | 50/53 | €1,566,427 | €1,475,476 | -€90,950 | -5.8% |
| Cash at bank and in hand | 54/58 | €71,207 | €83,133 | +€11,926 | +16.7% |
| Total equity and liabilities | 10/49 | €1,745,797 | €1,658,851 | -€86,946 | -5.0% |
| Equity | 10/15 | €1,615,820 | €1,642,936 | +€27,116 | +1.7% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €1,615,820 | €1,642,936 | +€27,116 | +1.7% |
| Distributable reserves | 133 | €1,615,820 | €1,642,936 | +€27,116 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,978 | €15,916 | -€114,062 | -87.8% |
| Amounts payable within one year | 42/48 | €129,663 | €15,586 | -€114,077 | -88.0% |
| Trade debts | 44 | €2,094 | €1,670 | -€423 | -20.2% |
| Suppliers | 440/4 | €2,094 | €1,670 | -€423 | -20.2% |
| Taxes, remuneration and social security | 45 | €127,569 | €13,915 | -€113,654 | -89.1% |
| Taxes | 450/3 | €127,569 | €13,915 | -€113,654 | -89.1% |
| Accrued charges and deferred income | 492/3 | €315 | €330 | +€15 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,029 | €22,174 | +€1,145 | +5.4% |
| Other operating charges | 640/8 | €1,692 | €1,950 | +€258 | +15.2% |
| Gross operating margin | 9900 | €69,761 | €74,087 | +€4,326 | +6.2% |
| Operating profit (loss) | 9901 | €47,040 | €49,963 | +€2,922 | +6.2% |
| Financial income | 75/76B | €14,079 | €24,581 | +€10,502 | +74.6% |
| Recurring financial income | 75 | €14,079 | €24,581 | +€10,502 | +74.6% |
| Financial charges | 65/66B | €30 | €55 | +€25 | +82.0% |
| Recurring financial charges | 65 | €30 | €55 | +€25 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | €61,089 | €74,489 | +€13,400 | +21.9% |
| Income taxes | 67/77 | €16,186 | €18,797 | +€2,610 | +16.1% |
| Profit (loss) for the period | 9904 | €44,903 | €55,692 | +€10,789 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,903 | €55,692 | +€10,789 | +24.0% |
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 15 October 2026 via checked.be.