MOVAR: what changed
MOVAR
Largest movements
- Cash +€108,665
up €108,665 (+99.0%), from €109,724 to €218,389
mainly Net result for the year (+€86,069) and Tax, wage and social debts (+€24,210)
- Tangible fixed assets -€14,709
down €14,709 (-25.4%), from €57,988 to €43,279
of which Furniture and vehicles: -€13,251
- Profit (loss) carried forward +€86,069
up €86,069 (+39.5%), from €217,875 to €303,944
- Tax, wage and social debts +€24,210
up €24,210 (+62.6%), from €38,647 to €62,857
of which Taxes: +€24,210
- Debts after one year -€17,673
down €17,673 (-85.7%), from €20,618 to €2,945
- Gross operating margin -€5,250
down €5,250 (-4.0%), from €132,156 to €126,906
- Depreciation +€2,399
up €2,399 (+19.5%), from €12,310 to €14,709
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,491 | €395,544 | +€94,053 | +31.2% |
| Fixed assets | 21/28 | €57,988 | €43,279 | -€14,709 | -25.4% |
| Tangible fixed assets | 22/27 | €57,988 | €43,279 | -€14,709 | -25.4% |
| Plant, machinery and equipment | 23 | €4,339 | €2,881 | -€1,458 | -33.6% |
| Furniture and vehicles | 24 | €53,649 | €40,398 | -€13,251 | -24.7% |
| Current assets | 29/58 | €243,503 | €352,265 | +€108,762 | +44.7% |
| Amounts receivable within one year | 40/41 | €132,172 | €133,388 | +€1,216 | +0.9% |
| Trade receivables | 40 | €42,450 | €42,450 | = | 0.0% |
| Other amounts receivable | 41 | €89,722 | €90,938 | +€1,216 | +1.4% |
| Cash at bank and in hand | 54/58 | €109,724 | €218,389 | +€108,665 | +99.0% |
| Deferred charges and accrued income | 490/1 | €1,607 | €488 | -€1,119 | -69.6% |
| Total equity and liabilities | 10/49 | €301,491 | €395,544 | +€94,053 | +31.2% |
| Equity | 10/15 | €222,875 | €308,944 | +€86,069 | +38.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,875 | €303,944 | +€86,069 | +39.5% |
| Amounts payable | 17/49 | €78,616 | €86,600 | +€7,984 | +10.2% |
| Amounts payable after more than one year | 17 | €20,618 | €2,945 | -€17,673 | -85.7% |
| Financial debts | 170/4 | €20,618 | €2,945 | -€17,673 | -85.7% |
| Amounts payable within one year | 42/48 | €57,978 | €81,733 | +€23,755 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €17,672 | €17,672 | = | 0.0% |
| Trade debts | 44 | €1,659 | €1,204 | -€455 | -27.4% |
| Suppliers | 440/4 | €1,659 | €1,204 | -€455 | -27.4% |
| Taxes, remuneration and social security | 45 | €38,647 | €62,857 | +€24,210 | +62.6% |
| Taxes | 450/3 | €35,147 | €59,357 | +€24,210 | +68.9% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €20 | €1,922 | +€1,902 | +9,510% |
| Non-recurring operating income | 76A | €2,111 | €2,226 | +€115 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,310 | €14,709 | +€2,399 | +19.5% |
| Other operating charges | 640/8 | €735 | €996 | +€261 | +35.5% |
| Gross operating margin | 9900 | €132,156 | €126,906 | -€5,250 | -4.0% |
| Operating profit (loss) | 9901 | €119,111 | €111,201 | -€7,910 | -6.6% |
| Financial charges | 65/66B | €1,678 | €1,263 | -€415 | -24.7% |
| Recurring financial charges | 65 | €1,678 | €1,263 | -€415 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €117,433 | €109,938 | -€7,495 | -6.4% |
| Income taxes | 67/77 | €24,618 | €23,869 | -€749 | -3.0% |
| Profit (loss) for the period | 9904 | €92,815 | €86,069 | -€6,746 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,815 | €86,069 | -€6,746 | -7.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.