MOVARO: 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.
MOVARO
Largest movements
- Tangible fixed assets +€51,252
up €51,252 (+38.5%), from €133,188 to €184,439
of which Land and buildings: +€51,514
- Receivables within one year -€37,685
down €37,685 (-15.3%), from €245,984 to €208,299
of which Other amounts receivable: -€41,558
- Cash -€4,518
down €4,518 (-17.8%), from €25,341 to €20,824
mainly Investment in fixed assets (net) (-€57,925) and Tax, wage and social debts (-€31,797)
- Tax, wage and social debts -€31,797
down €31,797 (-74.0%), from €42,979 to €11,182
- Reserves +€25,162
up €25,162 (+21.7%), from €115,760 to €140,922
of which Distributable reserves: +€25,162
- Current portion of long-term debt +€16,195
up €16,195 (+93.3%), from €17,352 to €33,548
- Debts after one year +€12,193
up €12,193 (+6.1%), from €200,564 to €212,757
- Trade debts -€7,443
down €7,443 (-100%), from €7,443 to €0
- Gross operating margin +€3,090
up €3,090 (+6.1%), from €50,398 to €53,488
- Other operating charges +€2,161
up €2,161 (+198%), from €1,092 to €3,253
- Financial income +€2,139
new in 2025: €2,139
- Taxes -€539
down €539 (-6.6%), from €8,202 to €7,663
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 | €409,470 | €416,395 | +€6,925 | +1.7% |
| Fixed assets | 21/28 | €133,188 | €184,439 | +€51,252 | +38.5% |
| Tangible fixed assets | 22/27 | €133,188 | €184,439 | +€51,252 | +38.5% |
| Land and buildings | 22 | €130,128 | €181,642 | +€51,514 | +39.6% |
| Furniture and vehicles | 24 | €3,060 | €2,798 | -€262 | -8.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €276,282 | €231,956 | -€44,327 | -16.0% |
| Amounts receivable within one year | 40/41 | €245,984 | €208,299 | -€37,685 | -15.3% |
| Trade receivables | 40 | €12,666 | €16,538 | +€3,873 | +30.6% |
| Other amounts receivable | 41 | €233,319 | €191,761 | -€41,558 | -17.8% |
| Cash at bank and in hand | 54/58 | €25,341 | €20,824 | -€4,518 | -17.8% |
| Deferred charges and accrued income | 490/1 | €4,957 | €2,833 | -€2,124 | -42.8% |
| Total equity and liabilities | 10/49 | €409,470 | €416,395 | +€6,925 | +1.7% |
| Equity | 10/15 | €121,960 | €147,122 | +€25,162 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,760 | €140,922 | +€25,162 | +21.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,099 | €11,099 | = | 0.0% |
| Distributable reserves | 133 | €102,800 | €127,963 | +€25,162 | +24.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €287,510 | €269,274 | -€18,237 | -6.3% |
| Amounts payable after more than one year | 17 | €200,564 | €212,757 | +€12,193 | +6.1% |
| Financial debts | 170/4 | €200,564 | €212,757 | +€12,193 | +6.1% |
| Amounts payable within one year | 42/48 | €86,619 | €56,517 | -€30,102 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €17,352 | €33,548 | +€16,195 | +93.3% |
| Trade debts | 44 | €7,443 | €0 | -€7,443 | -100% |
| Suppliers | 440/4 | €7,443 | €0 | -€7,443 | -100% |
| Taxes, remuneration and social security | 45 | €42,979 | €11,182 | -€31,797 | -74.0% |
| Taxes | 450/3 | €42,979 | €11,182 | -€31,797 | -74.0% |
| Other amounts payable | 47/48 | €18,845 | €11,787 | -€7,058 | -37.5% |
| Accrued charges and deferred income | 492/3 | €327 | €0 | -€327 | -100% |
| Non-recurring operating income | 76A | - | €9,574 | +€9,574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,426 | €6,673 | +€247 | +3.8% |
| Other operating charges | 640/8 | €1,092 | €3,253 | +€2,161 | +198% |
| Gross operating margin | 9900 | €50,398 | €53,488 | +€3,090 | +6.1% |
| Operating profit (loss) | 9901 | €42,880 | €43,562 | +€682 | +1.6% |
| Financial income | 75/76B | - | €2,139 | +€2,139 | |
| Recurring financial income | 75 | - | €2,139 | +€2,139 | |
| Financial charges | 65/66B | €5,788 | €5,875 | +€87 | +1.5% |
| Recurring financial charges | 65 | €5,788 | €5,875 | +€87 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €37,092 | €39,826 | +€2,733 | +7.4% |
| Income taxes | 67/77 | €8,202 | €7,663 | -€539 | -6.6% |
| Profit (loss) for the period | 9904 | €28,890 | €32,162 | +€3,272 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,890 | €32,162 | +€3,272 | +11.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.