MOVAST: 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
MOVAST
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€16,189
2024 · -€587,928+€604,118
Equity
€7.9m
2024 · €7.9m+€16,189
Cash
€46,592
2024 · €291,935-€245,343
Balance sheet total
€60.8m
2024 · €59.3m+€1.6m
Largest movements
Assets
- Stocks and contracts +€2.6m
up €2.6m (+11.3%), from €23.1m to €25.7m
- Tangible fixed assets -€614,947
down €614,947 (-3.7%), from €16.6m to €16.0m
of which Land and buildings: -€614,305
Equity and liabilities
- Accrued charges and deferred income +€1.8m
up €1.8m (+10.9%), from €16.9m to €18.7m
- Short-term financial debts -€1.3m
down €1.3m (-4.7%), from €27.6m to €26.3m
- Other debts +€965,159
up €965,159 (+14.3%), from €6.8m to €7.7m
Income statement
- Gross operating margin +€1.0m
up €1.0m (+40.0%), from €2.5m to €3.6m
- Other operating charges +€847,258
up €847,258 (+425.2%), from €199,258 to €1.0m
- Financial charges -€572,618
down €572,618 (-31.5%), from €1.8m to €1.2m
- Write-downs +€67,681
new in 2025: €67,681
- Depreciation +€62,376
up €62,376 (+6.4%), from €975,049 to €1.0m
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
-€587,928
Gross operating margin
+€1.0m
Staff costs
-€20,163
Depreciation
-€62,376
Write-downs
-€67,681
Other operating charges
-€847,258
Other operating items
-€10,108
Financial income
+€20,613
Financial charges
+€572,618
Taxes
+€50
Result 2025
€16,189
Cash bridge derived
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
+€1.5m
Investment
-€422,478
Financing
-€1.3m
Cash 2024
€291,935
From operations (derived)
+€1.5m
Net result for the year
+€16,189
Depreciation
+€1.0m
Stocks and contracts
-€2.6m
Receivables within one year
+€160,618
Deferred charges and accrued income
+€10,912
Trade debts
+€35,893
Tax, wage and social debts
+€1,036
Other debts
+€965,159
Accrued charges and deferred income
+€1.8m
Investment (derived)
-€422,478
Investment in fixed assets (net)
-€422,478
Financing
-€1.3m
Short-term financial debts
-€1.3m
Cash 2025
€46,592
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,253,609 | €60,824,003 | +€1.6m | +2.7% |
| Fixed assets | 21/28 | €23,473,573 | €22,858,626 | -€614,947 | -2.6% |
| Tangible fixed assets | 22/27 | €16,574,169 | €15,959,222 | -€614,947 | -3.7% |
| Land and buildings | 22 | €16,560,065 | €15,945,760 | -€614,305 | -3.7% |
| Furniture and vehicles | 24 | €14,103 | €13,462 | -€641 | -4.5% |
| Financial fixed assets | 28 | €6,899,404 | €6,899,404 | = | 0.0% |
| Current assets | 29/58 | €35,780,036 | €37,965,377 | +€2.2m | +6.1% |
| Stocks and contracts in progress | 3 | €23,082,691 | €25,684,906 | +€2.6m | +11.3% |
| Stocks | 30/36 | €23,082,691 | €25,684,906 | +€2.6m | +11.3% |
| Amounts receivable within one year | 40/41 | €12,360,698 | €12,200,080 | -€160,618 | -1.3% |
| Trade receivables | 40 | €296,604 | €42,771 | -€253,833 | -85.6% |
| Other amounts receivable | 41 | €12,064,094 | €12,157,309 | +€93,215 | +0.8% |
| Cash at bank and in hand | 54/58 | €291,935 | €46,592 | -€245,343 | -84.0% |
| Deferred charges and accrued income | 490/1 | €44,711 | €33,799 | -€10,912 | -24.4% |
| Total equity and liabilities | 10/49 | €59,253,609 | €60,824,003 | +€1.6m | +2.7% |
| Equity | 10/15 | €7,865,595 | €7,881,784 | +€16,189 | +0.2% |
| Contributions | 10/11 | €1,562,000 | €1,562,000 | = | 0.0% |
| Capital | 10 | €1,562,000 | €1,562,000 | = | 0.0% |
| Issued capital | 100 | €1,562,000 | €1,562,000 | = | 0.0% |
| Reserves | 13 | €156,200 | €156,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €156,200 | €156,200 | = | 0.0% |
| Legal reserve | 130 | €156,200 | €156,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,147,395 | €6,163,584 | +€16,189 | +0.3% |
| Amounts payable | 17/49 | €51,388,014 | €52,942,219 | +€1.6m | +3.0% |
| Amounts payable within one year | 42/48 | €34,509,898 | €34,220,032 | -€289,866 | -0.8% |
| Financial debts | 43 | €27,608,409 | €26,316,456 | -€1.3m | -4.7% |
| Credit institutions | 430/8 | €27,608,409 | €26,316,456 | -€1.3m | -4.7% |
| Trade debts | 44 | €74,302 | €110,195 | +€35,893 | +48.3% |
| Suppliers | 440/4 | €74,302 | €110,195 | +€35,893 | +48.3% |
| Taxes, remuneration and social security | 45 | €60,455 | €61,490 | +€1,036 | +1.7% |
| Taxes | 450/3 | €12,162 | €12,265 | +€103 | +0.8% |
| Remuneration and social security | 454/9 | €48,292 | €49,225 | +€933 | +1.9% |
| Other amounts payable | 47/48 | €6,766,733 | €7,731,891 | +€965,159 | +14.3% |
| Accrued charges and deferred income | 492/3 | €16,878,116 | €18,722,188 | +€1.8m | +10.9% |
| Non-recurring operating income | 76A | - | €154,455 | +€154,455 | |
| Remuneration, social security and pensions | 62 | €369,649 | €389,812 | +€20,163 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975,049 | €1,037,425 | +€62,376 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €67,681 | +€67,681 | |
| Other operating charges | 640/8 | €199,258 | €1,046,516 | +€847,258 | +425.2% |
| Non-recurring operating charges | 66A | - | €10,108 | +€10,108 | |
| Gross operating margin | 9900 | €2,546,961 | €3,565,383 | +€1.0m | +40.0% |
| Operating profit (loss) | 9901 | €1,003,005 | €1,013,841 | +€10,837 | +1.1% |
| Financial income | 75/76B | €226,718 | €247,331 | +€20,613 | +9.1% |
| Recurring financial income | 75 | €226,718 | €247,331 | +€20,613 | +9.1% |
| Financial charges | 65/66B | €1,816,359 | €1,243,740 | -€572,618 | -31.5% |
| Recurring financial charges | 65 | €1,816,359 | €1,243,740 | -€572,618 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€586,636 | €17,432 | +€604,068 | |
| Income taxes | 67/77 | €1,292 | €1,243 | -€50 | -3.8% |
| Profit (loss) for the period | 9904 | -€587,928 | €16,189 | +€604,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€587,928 | €16,189 | +€604,118 |
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 10 October 2026 via checked.be.