MOVAN: 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.
MOVAN
Largest movements
- Receivables within one year +€67,109
up €67,109 (+17.5%), from €384,163 to €451,272
of which Trade receivables: +€33,609
- Tangible fixed assets -€19,239
down €19,239 (-34.7%), from €55,512 to €36,273
of which Leasing and similar rights: -€21,054
- Cash -€12,740
down €12,740 (-29.0%), from €43,917 to €31,178
mainly Receivables within one year (-€67,109) and Debts after one year (-€53,657)
- Stocks and contracts +€8,810
up €8,810 (+103%), from €8,537 to €17,346
- Trade debts +€61,021
up €61,021 (+251%), from €24,269 to €85,290
- Debts after one year -€53,657
no longer reported in 2026 (was €53,657)
- Other debts +€31,871
up €31,871 (+182%), from €17,485 to €49,356
- Reserves +€10,394
up €10,394 (+4.6%), from €226,986 to €237,380
- Current portion of long-term debt -€6,456
down €6,456 (-37.7%), from €17,113 to €10,657
- Write-downs -€10,597
no longer reported in 2026 (was €10,597)
- Staff costs +€9,228
up €9,228 (+7.5%), from €122,436 to €131,664
- Financial charges -€2,972
down €2,972 (-44.5%), from €6,687 to €3,714
- Other operating charges -€2,631
down €2,631 (-55.6%), from €4,736 to €2,105
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,354 | €539,471 | +€44,117 | +8.9% |
| Fixed assets | 21/28 | €55,512 | €36,273 | -€19,239 | -34.7% |
| Tangible fixed assets | 22/27 | €55,512 | €36,273 | -€19,239 | -34.7% |
| Plant, machinery and equipment | 23 | €1,927 | €6,403 | +€4,477 | +232% |
| Furniture and vehicles | 24 | €18,399 | €15,738 | -€2,661 | -14.5% |
| Leasing and similar rights | 25 | €35,186 | €14,132 | -€21,054 | -59.8% |
| Current assets | 29/58 | €439,842 | €503,198 | +€63,356 | +14.4% |
| Stocks and contracts in progress | 3 | €8,537 | €17,346 | +€8,810 | +103% |
| Stocks | 30/36 | €8,537 | €17,346 | +€8,810 | +103% |
| Amounts receivable within one year | 40/41 | €384,163 | €451,272 | +€67,109 | +17.5% |
| Trade receivables | 40 | €118,165 | €151,775 | +€33,609 | +28.4% |
| Other amounts receivable | 41 | €265,998 | €299,498 | +€33,500 | +12.6% |
| Cash at bank and in hand | 54/58 | €43,917 | €31,178 | -€12,740 | -29.0% |
| Deferred charges and accrued income | 490/1 | €3,225 | €3,402 | +€177 | +5.5% |
| Total equity and liabilities | 10/49 | €495,354 | €539,471 | +€44,117 | +8.9% |
| Equity | 10/15 | €318,967 | €329,361 | +€10,394 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,986 | €237,380 | +€10,394 | +4.6% |
| Distributable reserves | 133 | €226,986 | €237,380 | +€10,394 | +4.6% |
| Profit (loss) carried forward | 14 | €73,381 | €73,381 | = | 0.0% |
| Amounts payable | 17/49 | €176,387 | €210,110 | +€33,723 | +19.1% |
| Amounts payable after more than one year | 17 | €53,657 | - | -€53,657 | |
| Financial debts | 170/4 | €53,657 | - | -€53,657 | |
| Amounts payable within one year | 42/48 | €120,688 | €208,762 | +€88,074 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €17,113 | €10,657 | -€6,456 | -37.7% |
| Trade debts | 44 | €24,269 | €85,290 | +€61,021 | +251% |
| Suppliers | 440/4 | €24,269 | €85,290 | +€61,021 | +251% |
| Taxes, remuneration and social security | 45 | €61,821 | €63,459 | +€1,638 | +2.6% |
| Taxes | 450/3 | €41,343 | €39,560 | -€1,784 | -4.3% |
| Remuneration and social security | 454/9 | €20,477 | €23,899 | +€3,422 | +16.7% |
| Other amounts payable | 47/48 | €17,485 | €49,356 | +€31,871 | +182% |
| Accrued charges and deferred income | 492/3 | €2,042 | €1,348 | -€694 | -34.0% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Remuneration, social security and pensions | 62 | €122,436 | €131,664 | +€9,228 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,696 | €26,398 | -€298 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,597 | - | -€10,597 | |
| Other operating charges | 640/8 | €4,736 | €2,105 | -€2,631 | -55.6% |
| Gross operating margin | 9900 | €247,841 | €248,180 | +€339 | +0.1% |
| Operating profit (loss) | 9901 | €83,377 | €88,014 | +€4,637 | +5.6% |
| Financial income | 75/76B | €2 | €327 | +€326 | +21,002% |
| Recurring financial income | 75 | €2 | €327 | +€326 | +21,002% |
| Financial charges | 65/66B | €6,687 | €3,714 | -€2,972 | -44.5% |
| Recurring financial charges | 65 | €6,687 | €3,714 | -€2,972 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €76,692 | €84,627 | +€7,935 | +10.3% |
| Income taxes | 67/77 | €23,935 | €24,877 | +€942 | +3.9% |
| Profit (loss) for the period | 9904 | €52,757 | €59,750 | +€6,993 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,757 | €59,750 | +€6,993 | +13.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.