MOVANOP: 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.
MOVANOP
Largest movements
- Current investments +€55,005
up €55,005 (+19.2%), from €285,987 to €340,992
- Reserves +€99,823
up €99,823 (+45.7%), from €218,456 to €318,279
of which Distributable reserves: +€99,823
- Other debts -€50,000
down €50,000 (-3.8%), from €1.3m to €1.3m
- Gross operating margin +€132,581
up €132,581 (+8,013%), from €1,655 to €134,236
- Taxes +€33,394
up €33,394 (+333,942,500%), from €0 to €33,394
- Financial income +€1,729
up €1,729 (+41.6%), from €4,161 to €5,890
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 | €1,688,677 | €1,743,381 | +€54,704 | +3.2% |
| Fixed assets | 21/28 | €1,387,744 | €1,387,744 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,387,744 | €1,387,744 | = | 0.0% |
| Land and buildings | 22 | €1,387,744 | €1,387,744 | = | 0.0% |
| Current assets | 29/58 | €300,933 | €355,637 | +€54,704 | +18.2% |
| Amounts receivable within one year | 40/41 | €1,282 | €9,621 | +€8,339 | +650% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,282 | €9,621 | +€8,339 | +650% |
| Current investments | 50/53 | €285,987 | €340,992 | +€55,005 | +19.2% |
| Cash at bank and in hand | 54/58 | €11,843 | €3,599 | -€8,244 | -69.6% |
| Deferred charges and accrued income | 490/1 | €1,822 | €1,426 | -€396 | -21.8% |
| Total equity and liabilities | 10/49 | €1,688,677 | €1,743,381 | +€54,704 | +3.2% |
| Equity | 10/15 | €354,798 | €454,620 | +€99,823 | +28.1% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €218,456 | €318,279 | +€99,823 | +45.7% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Distributable reserves | 133 | €204,822 | €304,645 | +€99,823 | +48.7% |
| Amounts payable | 17/49 | €1,333,880 | €1,288,761 | -€45,119 | -3.4% |
| Amounts payable within one year | 42/48 | €1,320,000 | €1,270,000 | -€50,000 | -3.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,320,000 | €1,270,000 | -€50,000 | -3.8% |
| Accrued charges and deferred income | 492/3 | €13,880 | €18,761 | +€4,881 | +35.2% |
| Other operating charges | 640/8 | €1,710 | €1,763 | +€54 | +3.1% |
| Gross operating margin | 9900 | €1,655 | €134,236 | +€132,581 | +8,013% |
| Operating profit (loss) | 9901 | -€55 | €132,473 | +€132,528 | |
| Financial income | 75/76B | €4,161 | €5,890 | +€1,729 | +41.6% |
| Recurring financial income | 75 | €4,161 | €5,890 | +€1,729 | +41.6% |
| Financial charges | 65/66B | €5,000 | €5,146 | +€146 | +2.9% |
| Recurring financial charges | 65 | €5,000 | €5,146 | +€146 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€894 | €133,217 | +€134,111 | |
| Income taxes | 67/77 | €0 | €33,394 | +€33,394 | +333,942,500% |
| Profit (loss) for the period | 9904 | -€894 | €99,823 | +€100,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€894 | €99,823 | +€100,717 |
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 21 October 2026 via checked.be.