MOVAN: what changed
What changed
MOVAN
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€10,452
2024 · €11,183-€731
Equity
€847,701
2024 · €837,249+€10,452
Cash
€42,248
2024 · €5,672+€36,577
Balance sheet total
€1.6m
2024 · €1.5m+€111,513
Largest movements
Assets
- Stocks and contracts +€46,547
up €46,547 (+32.0%), from €145,319 to €191,866
- Cash +€36,577
up €36,577 (+645%), from €5,672 to €42,248
mainly Debts after one year (+€71,737) and Other debts (+€43,146)
- Receivables within one year +€19,561
up €19,561 (+15.4%), from €127,389 to €146,950
of which Other amounts receivable: +€18,738
Equity and liabilities
- Debts after one year +€71,737
up €71,737 (+34.0%), from €211,000 to €282,737
- Other debts +€43,146
up €43,146 (+16.5%), from €260,915 to €304,061
- Tax, wage and social debts -€19,312
down €19,312 (-62.8%), from €30,738 to €11,427
Income statement
- Gross operating margin +€23,824
up €23,824 (+40.9%), from €58,293 to €82,117
- Financial charges +€9,881
up €9,881 (+43.6%), from €22,677 to €32,558
- Depreciation -€3,735
down €3,735 (-21.6%), from €17,278 to €13,543
- Financial income -€1,497
down €1,497 (-100%), from €1,497 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,183
Gross operating margin
+€23,824
Depreciation
+€3,735
Other operating charges
-€292
Other operating items
-€16,500
Financial income
-€1,497
Financial charges
-€9,881
Taxes
-€119
Result 2025
€10,452
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€6,185
Investment
-€22,372
Financing
+€65,133
Cash 2024
€5,672
From operations (derived)
-€6,185
Net result for the year
+€10,452
Depreciation
+€13,543
Stocks and contracts
-€46,547
Receivables within one year
-€19,561
Trade debts
+€3,235
Tax, wage and social debts
-€19,312
Other debts
+€43,146
Accrued charges and deferred income
+€8,858
Investment (derived)
-€22,372
Investment in fixed assets (net)
-€22,372
Financing
+€65,133
Debts after one year
+€71,737
Current portion of long-term debt
-€6,597
Short-term financial debts
-€7
Cash 2025
€42,248
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,468,335 | €1,579,848 | +€111,513 | +7.6% |
| Fixed assets | 21/28 | €1,189,955 | €1,198,784 | +€8,829 | +0.7% |
| Tangible fixed assets | 22/27 | €176,255 | €185,084 | +€8,829 | +5.0% |
| Land and buildings | 22 | €37,960 | €4,960 | -€33,000 | -86.9% |
| Plant, machinery and equipment | 23 | €123,260 | €113,208 | -€10,052 | -8.2% |
| Furniture and vehicles | 24 | €822 | €67 | -€755 | -91.9% |
| Leasing and similar rights | 25 | - | €54,158 | +€54,158 | |
| Other tangible fixed assets | 26 | €14,213 | €12,691 | -€1,522 | -10.7% |
| Financial fixed assets | 28 | €1,013,700 | €1,013,700 | = | 0.0% |
| Current assets | 29/58 | €278,380 | €381,064 | +€102,684 | +36.9% |
| Stocks and contracts in progress | 3 | €145,319 | €191,866 | +€46,547 | +32.0% |
| Stocks | 30/36 | €145,319 | €191,866 | +€46,547 | +32.0% |
| Amounts receivable within one year | 40/41 | €127,389 | €146,950 | +€19,561 | +15.4% |
| Trade receivables | 40 | €2,069 | €2,892 | +€823 | +39.8% |
| Other amounts receivable | 41 | €125,320 | €144,058 | +€18,738 | +15.0% |
| Cash at bank and in hand | 54/58 | €5,672 | €42,248 | +€36,577 | +645% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,468,335 | €1,579,848 | +€111,513 | +7.6% |
| Equity | 10/15 | €837,249 | €847,701 | +€10,452 | +1.2% |
| Contributions | 10/11 | €14,197 | €14,197 | = | 0.0% |
| Reserves | 13 | €823,051 | €833,504 | +€10,452 | +1.3% |
| Tax-exempt reserves | 132 | €96,530 | €96,530 | = | 0.0% |
| Distributable reserves | 133 | €726,522 | €736,974 | +€10,452 | +1.4% |
| Provisions and deferred taxes | 16 | €6,178 | €6,178 | = | 0.0% |
| Deferred taxes | 168 | €6,178 | €6,178 | = | 0.0% |
| Amounts payable | 17/49 | €624,909 | €725,969 | +€101,060 | +16.2% |
| Amounts payable after more than one year | 17 | €211,000 | €282,737 | +€71,737 | +34.0% |
| Financial debts | 170/4 | €211,000 | €282,737 | +€71,737 | +34.0% |
| Amounts payable within one year | 42/48 | €395,249 | €415,714 | +€20,465 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €16,500 | €9,903 | -€6,597 | -40.0% |
| Financial debts | 43 | €7 | €0 | -€7 | -100% |
| Credit institutions | 430/8 | €7 | €0 | -€7 | -100% |
| Trade debts | 44 | €87,088 | €90,322 | +€3,235 | +3.7% |
| Suppliers | 440/4 | €87,088 | €90,322 | +€3,235 | +3.7% |
| Taxes, remuneration and social security | 45 | €30,738 | €11,427 | -€19,312 | -62.8% |
| Taxes | 450/3 | €30,738 | €11,427 | -€19,312 | -62.8% |
| Other amounts payable | 47/48 | €260,915 | €304,061 | +€43,146 | +16.5% |
| Accrued charges and deferred income | 492/3 | €18,660 | €27,518 | +€8,858 | +47.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,278 | €13,543 | -€3,735 | -21.6% |
| Other operating charges | 640/8 | €2,999 | €3,291 | +€292 | +9.7% |
| Non-recurring operating charges | 66A | - | €16,500 | +€16,500 | |
| Gross operating margin | 9900 | €58,293 | €82,117 | +€23,824 | +40.9% |
| Operating profit (loss) | 9901 | €38,016 | €48,783 | +€10,767 | +28.3% |
| Financial income | 75/76B | €1,497 | €0 | -€1,497 | -100% |
| Recurring financial income | 75 | €1,497 | €0 | -€1,497 | -100% |
| Financial charges | 65/66B | €22,677 | €32,558 | +€9,881 | +43.6% |
| Recurring financial charges | 65 | €22,677 | €32,558 | +€9,881 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €16,837 | €16,225 | -€612 | -3.6% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €5,654 | €5,773 | +€119 | +2.1% |
| Profit (loss) for the period | 9904 | €11,183 | €10,452 | -€731 | -6.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €11,183 | €10,452 | -€731 | -6.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.