MOVAN INVEST: 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.
What changed
MOVAN INVEST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€57,909
2024 · -€151,309+€93,400
Equity
€772,952
2024 · €830,861-€57,909
Cash
€101,374
2024 · €63,607+€37,767
Balance sheet total
€6.4m
2024 · €6.6m-€290,076
Largest movements
Assets
- Tangible fixed assets -€484,779
down €484,779 (-7.5%), from €6.5m to €6.0m
of which Land and buildings: -€1.1m
- Receivables within one year +€151,155
up €151,155 (+157%), from €96,419 to €247,574
of which Other amounts receivable: +€160,685
Equity and liabilities
- Debts after one year -€247,885
down €247,885 (-5.1%), from €4.9m to €4.6m
Income statement
- Financial income +€76,470
up €76,470 (+44,982,553%), from €0 to €76,471
of which Non-recurring financial income: +€76,470
- Depreciation -€64,388
down €64,388 (-18.5%), from €348,707 to €284,319
- Gross operating margin +€64,165
up €64,165 (+17.5%), from €366,925 to €431,090
- Financial charges +€58,811
up €58,811 (+42.8%), from €137,265 to €196,076
- Other operating charges +€52,961
up €52,961 (+143%), from €37,016 to €89,977
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.
Result 2024
-€151,309
Gross operating margin
+€64,165
Depreciation
+€64,388
Other operating charges
-€52,961
Financial income
+€76,470
Financial charges
-€58,811
Taxes
+€148
Result 2025
-€57,909
raises the resultlowers the result
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.
From operations
+€82,513
Investment
+€200,460
Financing
-€245,206
Cash 2024
€63,607
From operations (derived)
+€82,513
Net result for the year
-€57,909
Depreciation
+€284,319
Receivables within one year
-€151,155
Deferred charges and accrued income
-€5,781
Provisions
-€4,984
Trade debts
+€19,593
Other debts
-€1,069
Accrued charges and deferred income
-€500
Investment (derived)
+€200,460
Investment in fixed assets (net)
+€200,460
Financing
-€245,206
Debts after one year
-€247,885
Current portion of long-term debt
+€2,679
Cash 2025
€101,374
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,643,074 | €6,352,998 | -€290,076 | -4.4% |
| Fixed assets | 21/28 | €6,480,004 | €5,995,225 | -€484,779 | -7.5% |
| Tangible fixed assets | 22/27 | €6,480,004 | €5,995,225 | -€484,779 | -7.5% |
| Land and buildings | 22 | €6,382,804 | €5,309,157 | -€1.1m | -16.8% |
| Plant, machinery and equipment | 23 | €44,562 | €1,543 | -€43,018 | -96.5% |
| Furniture and vehicles | 24 | €5,739 | €10,744 | +€5,005 | +87.2% |
| Leasing and similar rights | 25 | €23,250 | €51,452 | +€28,202 | +121% |
| Assets under construction and advance payments | 27 | €23,650 | €622,329 | +€598,679 | +2,531% |
| Current assets | 29/58 | €163,070 | €357,773 | +€194,703 | +119% |
| Amounts receivable within one year | 40/41 | €96,419 | €247,574 | +€151,155 | +157% |
| Trade receivables | 40 | €9,530 | - | -€9,530 | |
| Other amounts receivable | 41 | €86,889 | €247,574 | +€160,685 | +185% |
| Cash at bank and in hand | 54/58 | €63,607 | €101,374 | +€37,767 | +59.4% |
| Deferred charges and accrued income | 490/1 | €3,044 | €8,825 | +€5,781 | +190% |
| Total equity and liabilities | 10/49 | €6,643,074 | €6,352,998 | -€290,076 | -4.4% |
| Equity | 10/15 | €830,861 | €772,952 | -€57,909 | -7.0% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Capital | 10 | €290,000 | €290,000 | = | 0.0% |
| Issued capital | 100 | €290,000 | €290,000 | = | 0.0% |
| Reserves | 13 | €540,861 | €482,952 | -€57,909 | -10.7% |
| Non-distributable reserves | 130/1 | €29,000 | €29,000 | = | 0.0% |
| Legal reserve | 130 | €29,000 | €29,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €403,737 | €388,784 | -€14,953 | -3.7% |
| Distributable reserves | 133 | €108,124 | €65,168 | -€42,956 | -39.7% |
| Provisions and deferred taxes | 16 | €134,669 | €129,685 | -€4,984 | -3.7% |
| Deferred taxes | 168 | €134,669 | €129,685 | -€4,984 | -3.7% |
| Amounts payable | 17/49 | €5,677,544 | €5,450,361 | -€227,183 | -4.0% |
| Amounts payable after more than one year | 17 | €4,857,722 | €4,609,837 | -€247,885 | -5.1% |
| Financial debts | 170/4 | €4,857,722 | €4,609,837 | -€247,885 | -5.1% |
| Amounts payable within one year | 42/48 | €819,322 | €840,525 | +€21,202 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €183,815 | €186,494 | +€2,679 | +1.5% |
| Trade debts | 44 | €69,238 | €88,831 | +€19,593 | +28.3% |
| Suppliers | 440/4 | €69,238 | €88,831 | +€19,593 | +28.3% |
| Other amounts payable | 47/48 | €566,269 | €565,200 | -€1,069 | -0.2% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Non-recurring operating income | 76A | - | €39,475 | +€39,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,707 | €284,319 | -€64,388 | -18.5% |
| Other operating charges | 640/8 | €37,016 | €89,977 | +€52,961 | +143% |
| Gross operating margin | 9900 | €366,925 | €431,090 | +€64,165 | +17.5% |
| Operating profit (loss) | 9901 | -€18,798 | €56,795 | +€75,593 | |
| Financial income | 75/76B | €0 | €76,471 | +€76,470 | +44,982,553% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +35.3% |
| Non-recurring financial income | 76B | - | €76,470 | +€76,470 | |
| Financial charges | 65/66B | €137,265 | €196,076 | +€58,811 | +42.8% |
| Recurring financial charges | 65 | €137,265 | €196,076 | +€58,811 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | -€156,063 | -€62,811 | +€93,252 | +59.8% |
| Transfer from deferred taxes | 780 | €4,984 | €4,984 | -€0 | 0.0% |
| Income taxes | 67/77 | €231 | €83 | -€148 | -64.2% |
| Profit (loss) for the period | 9904 | -€151,309 | -€57,909 | +€93,400 | +61.7% |
| Transfer from tax-exempt reserves | 789 | €14,953 | €14,953 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,356 | -€42,956 | +€93,400 | +68.5% |
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 30 October 2026 via checked.be.