MOVE-1: 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.
MOVE-1
Largest movements
- Tangible fixed assets -€297,790
down €297,790 (-8.4%), from €3.5m to €3.2m
of which Land and buildings: -€281,692
- Receivables after one year +€199,676
new in 2025: €199,676
- Receivables within one year +€122,686
up €122,686 (+331.6%), from €37,002 to €159,689
of which Trade receivables: +€105,772
- Debts after one year -€1.7m
down €1.7m (-43.3%), from €4.0m to €2.3m
of which Financial debts: -€1.7m
- Current portion of long-term debt +€1.5m
up €1.5m (+551.7%), from €264,704 to €1.7m
- Trade debts +€207,174
up €207,174 (+1274.1%), from €16,260 to €223,434
- Short-term financial debts +€149,903
up €149,903 (+245742.9%), from €61 to €149,964
of which Credit institutions: +€139,939
- Profit (loss) carried forward -€104,706
down €104,706 (-6.9%), from -€1.5m to -€1.6m
- Depreciation -€98,442
down €98,442 (-24.8%), from €396,232 to €297,790
- Financial charges +€26,282
up €26,282 (+39.7%), from €66,172 to €92,454
- Gross operating margin -€14,246
down €14,246 (-4.3%), from €332,725 to €318,479
- Other operating charges +€7,374
up €7,374 (+26.9%), from €27,432 to €34,806
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,497,312 | €4,523,213 | +€25,901 | +0.6% |
| Fixed assets | 21/28 | €3,957,148 | €3,659,358 | -€297,790 | -7.5% |
| Tangible fixed assets | 22/27 | €3,537,148 | €3,239,358 | -€297,790 | -8.4% |
| Land and buildings | 22 | €3,481,211 | €3,199,519 | -€281,692 | -8.1% |
| Plant, machinery and equipment | 23 | €14,500 | €10,867 | -€3,633 | -25.1% |
| Furniture and vehicles | 24 | €41,438 | €28,972 | -€12,466 | -30.1% |
| Financial fixed assets | 28 | €420,000 | €420,000 | = | 0.0% |
| Current assets | 29/58 | €540,163 | €863,855 | +€323,692 | +59.9% |
| Amounts receivable after more than one year | 29 | - | €199,676 | +€199,676 | |
| Trade receivables | 290 | - | €199,676 | +€199,676 | |
| Amounts receivable within one year | 40/41 | €37,002 | €159,689 | +€122,686 | +331.6% |
| Trade receivables | 40 | €37,002 | €142,775 | +€105,772 | +285.9% |
| Other amounts receivable | 41 | €0 | €16,914 | +€16,914 | |
| Current investments | 50/53 | €500,000 | €497,910 | -€2,090 | -0.4% |
| Cash at bank and in hand | 54/58 | €2,047 | €283 | -€1,764 | -86.2% |
| Deferred charges and accrued income | 490/1 | €1,114 | €6,298 | +€5,184 | +465.2% |
| Total equity and liabilities | 10/49 | €4,497,312 | €4,523,213 | +€25,901 | +0.6% |
| Equity | 10/15 | €77,227 | -€27,479 | -€104,706 | |
| Contributions | 10/11 | €1,605,113 | €1,605,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,527,886 | -€1,632,592 | -€104,706 | -6.9% |
| Amounts payable | 17/49 | €4,420,085 | €4,550,692 | +€130,607 | +3.0% |
| Amounts payable after more than one year | 17 | €3,973,544 | €2,252,206 | -€1.7m | -43.3% |
| Financial debts | 170/4 | €3,951,917 | €2,244,400 | -€1.7m | -43.2% |
| Other amounts payable | 178/9 | €21,627 | €7,806 | -€13,821 | -63.9% |
| Amounts payable within one year | 42/48 | €446,541 | €2,298,486 | +€1.9m | +414.7% |
| Current portion of amounts payable after more than one year | 42 | €264,704 | €1,725,095 | +€1.5m | +551.7% |
| Financial debts | 43 | €61 | €149,964 | +€149,903 | +245742.9% |
| Credit institutions | 430/8 | €61 | €140,000 | +€139,939 | +229408.2% |
| Other loans | 439 | - | €9,964 | +€9,964 | |
| Trade debts | 44 | €16,260 | €223,434 | +€207,174 | +1274.1% |
| Suppliers | 440/4 | €16,260 | €223,434 | +€207,174 | +1274.1% |
| Taxes, remuneration and social security | 45 | €15,236 | €36,806 | +€21,571 | +141.6% |
| Taxes | 450/3 | €15,236 | €36,806 | +€21,571 | +141.6% |
| Other amounts payable | 47/48 | €150,280 | €163,186 | +€12,906 | +8.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396,232 | €297,790 | -€98,442 | -24.8% |
| Other operating charges | 640/8 | €27,432 | €34,806 | +€7,374 | +26.9% |
| Gross operating margin | 9900 | €332,725 | €318,479 | -€14,246 | -4.3% |
| Operating profit (loss) | 9901 | -€90,940 | -€14,118 | +€76,822 | +84.5% |
| Financial income | 75/76B | €70 | €2,673 | +€2,603 | +3713.7% |
| Recurring financial income | 75 | €70 | €2,673 | +€2,603 | +3713.7% |
| Financial charges | 65/66B | €66,172 | €92,454 | +€26,282 | +39.7% |
| Recurring financial charges | 65 | €66,172 | €92,454 | +€26,282 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | -€157,041 | -€103,899 | +€53,142 | +33.8% |
| Income taxes | 67/77 | €17 | €292 | +€275 | +1578.8% |
| Profit (loss) for the period | 9904 | -€157,059 | -€104,192 | +€52,867 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,059 | -€104,192 | +€52,867 | +33.7% |
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 11 October 2026 via checked.be.