MOVAN: 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.
MOVAN
Largest movements
- Tangible fixed assets -€29,397
down €29,397 (-4.5%), from €647,397 to €618,000
of which Land and buildings: -€28,715
- Reserves -€24,983
down €24,983 (-8.7%), from €286,813 to €261,830
of which Distributable reserves: -€13,108
- Gross operating margin -€13,884
down €13,884 (-43.0%), from €32,312 to €18,429
- Depreciation -€453
down €453 (-1.2%), from €39,152 to €38,699
- Other operating charges -€377
down €377 (-4.2%), from €8,900 to €8,523
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 | €696,809 | €666,983 | -€29,827 | -4.3% |
| Fixed assets | 21/28 | €647,397 | €618,000 | -€29,397 | -4.5% |
| Tangible fixed assets | 22/27 | €647,397 | €618,000 | -€29,397 | -4.5% |
| Land and buildings | 22 | €646,174 | €617,458 | -€28,715 | -4.4% |
| Furniture and vehicles | 24 | €1,224 | €542 | -€682 | -55.7% |
| Current assets | 29/58 | €49,412 | €48,983 | -€429 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,230 | €0 | -€1,230 | -100.0% |
| Other amounts receivable | 41 | €1,230 | €0 | -€1,230 | -100.0% |
| Cash at bank and in hand | 54/58 | €47,420 | €48,183 | +€764 | +1.6% |
| Deferred charges and accrued income | 490/1 | €762 | €799 | +€37 | +4.9% |
| Total equity and liabilities | 10/49 | €696,809 | €666,983 | -€29,827 | -4.3% |
| Equity | 10/15 | €620,541 | €595,558 | -€24,983 | -4.0% |
| Contributions | 10/11 | €333,728 | €333,728 | = | 0.0% |
| Capital | 10 | €333,728 | €333,728 | = | 0.0% |
| Issued capital | 100 | €333,728 | €333,728 | = | 0.0% |
| Reserves | 13 | €286,813 | €261,830 | -€24,983 | -8.7% |
| Non-distributable reserves | 130/1 | €33,373 | €33,373 | = | 0.0% |
| Legal reserve | 130 | €33,373 | €33,373 | = | 0.0% |
| Tax-exempt reserves | 132 | €222,681 | €210,806 | -€11,875 | -5.3% |
| Distributable reserves | 133 | €30,759 | €17,650 | -€13,108 | -42.6% |
| Provisions and deferred taxes | 16 | €74,227 | €70,269 | -€3,958 | -5.3% |
| Deferred taxes | 168 | €74,227 | €70,269 | -€3,958 | -5.3% |
| Amounts payable | 17/49 | €2,042 | €1,156 | -€885 | -43.4% |
| Amounts payable within one year | 42/48 | €1,115 | €230 | -€885 | -79.4% |
| Trade debts | 44 | €118 | €128 | +€10 | +8.5% |
| Suppliers | 440/4 | €118 | €128 | +€10 | +8.5% |
| Other amounts payable | 47/48 | €997 | €102 | -€895 | -89.8% |
| Accrued charges and deferred income | 492/3 | €927 | €927 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,152 | €38,699 | -€453 | -1.2% |
| Other operating charges | 640/8 | €8,900 | €8,523 | -€377 | -4.2% |
| Gross operating margin | 9900 | €32,312 | €18,429 | -€13,884 | -43.0% |
| Operating profit (loss) | 9901 | -€15,740 | -€28,794 | -€13,054 | -82.9% |
| Financial income | 75/76B | €166 | €15 | -€151 | -91.1% |
| Recurring financial income | 75 | €166 | €15 | -€151 | -91.1% |
| Financial charges | 65/66B | €71 | €158 | +€87 | +123.6% |
| Recurring financial charges | 65 | €71 | €158 | +€87 | +123.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,645 | -€28,937 | -€13,292 | -85.0% |
| Transfer from deferred taxes | 780 | €3,958 | €3,958 | = | 0.0% |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€11,686 | -€24,983 | -€13,297 | -113.8% |
| Transfer from tax-exempt reserves | 789 | €11,875 | €11,875 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €188 | -€13,108 | -€13,297 |
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 8 October 2026 via checked.be.