MOVECA: what changed
Two fiscal 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.
MOVECA
Largest movements
- Receivables within one year +€812,248
up €812,248 (+1220.5%), from €66,552 to €878,800
of which Trade receivables: +€753,326
- Stocks and contracts +€424,492
up €424,492 (+24.4%), from €1.7m to €2.2m
- Cash -€57,326
down €57,326 (-95.2%), from €60,201 to €2,875
mainly Receivables within one year (-€812,248) and Stocks and contracts (-€424,492)
- Current portion of long-term debt +€980,000
new in 2025: €980,000
- Short-term financial debts +€322,500
up €322,500 (+41.3%), from €780,000 to €1.1m
- Debts after one year -€227,571
down €227,571 (-29.3%), from €777,571 to €550,000
- Profit (loss) carried forward -€180,688
down €180,688, from €3,591 to -€177,098
- Trade debts +€123,629
up €123,629 (+123.4%), from €100,169 to €223,797
- Gross operating margin -€216,228
down €216,228 (-90.2%), from €239,604 to €23,375
- Financial charges -€162,782
down €162,782 (-64.8%), from €251,067 to €88,285
- Financial income -€122,336
down €122,336 (-90.2%), from €135,563 to €13,226
- Other operating charges +€39,241
up €39,241 (+279.0%), from €14,064 to €53,306
- Staff costs +€32,376
up €32,376 (+199.6%), from €16,220 to €48,595
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 | €2,163,592 | €3,333,537 | +€1.2m | +54.1% |
| Fixed assets | 21/28 | €84,444 | €62,855 | -€21,589 | -25.6% |
| Tangible fixed assets | 22/27 | €84,444 | €62,855 | -€21,589 | -25.6% |
| Furniture and vehicles | 24 | €52,742 | €37,646 | -€15,096 | -28.6% |
| Leasing and similar rights | 25 | €23,090 | €17,990 | -€5,100 | -22.1% |
| Other tangible fixed assets | 26 | €8,612 | €7,219 | -€1,393 | -16.2% |
| Current assets | 29/58 | €2,079,148 | €3,270,682 | +€1.2m | +57.3% |
| Amounts receivable after more than one year | 29 | €207,000 | €207,000 | = | 0.0% |
| Other amounts receivable | 291 | €207,000 | €207,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,743,183 | €2,167,675 | +€424,492 | +24.4% |
| Stocks | 30/36 | €1,743,183 | €2,167,675 | +€424,492 | +24.4% |
| Amounts receivable within one year | 40/41 | €66,552 | €878,800 | +€812,248 | +1220.5% |
| Trade receivables | 40 | €47,395 | €800,721 | +€753,326 | +1589.4% |
| Other amounts receivable | 41 | €19,157 | €78,079 | +€58,922 | +307.6% |
| Cash at bank and in hand | 54/58 | €60,201 | €2,875 | -€57,326 | -95.2% |
| Deferred charges and accrued income | 490/1 | €2,212 | €14,331 | +€12,120 | +548.0% |
| Total equity and liabilities | 10/49 | €2,163,592 | €3,333,537 | +€1.2m | +54.1% |
| Equity | 10/15 | €448,184 | €266,502 | -€181,682 | -40.5% |
| Contributions | 10/11 | €443,600 | €443,600 | = | 0.0% |
| Reserves | 13 | €993 | €0 | -€993 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €993 | €0 | -€993 | -100.0% |
| Profit (loss) carried forward | 14 | €3,591 | -€177,098 | -€180,688 | |
| Amounts payable | 17/49 | €1,715,408 | €3,067,035 | +€1.4m | +78.8% |
| Amounts payable after more than one year | 17 | €777,571 | €550,000 | -€227,571 | -29.3% |
| Financial debts | 170/4 | €777,571 | €550,000 | -€227,571 | -29.3% |
| Amounts payable within one year | 42/48 | €937,837 | €2,507,356 | +€1.6m | +167.4% |
| Current portion of amounts payable after more than one year | 42 | - | €980,000 | +€980,000 | |
| Financial debts | 43 | €780,000 | €1,102,500 | +€322,500 | +41.3% |
| Credit institutions | 430/8 | €780,000 | €1,102,500 | +€322,500 | +41.3% |
| Trade debts | 44 | €100,169 | €223,797 | +€123,629 | +123.4% |
| Suppliers | 440/4 | €100,169 | €223,797 | +€123,629 | +123.4% |
| Taxes, remuneration and social security | 45 | €39,148 | €87,042 | +€47,893 | +122.3% |
| Taxes | 450/3 | €37,082 | €80,668 | +€43,586 | +117.5% |
| Remuneration and social security | 454/9 | €2,066 | €6,373 | +€4,307 | +208.4% |
| Other amounts payable | 47/48 | €18,521 | €114,017 | +€95,497 | +515.6% |
| Accrued charges and deferred income | 492/3 | €0 | €9,678 | +€9,678 | |
| Non-recurring operating income | 76A | €20 | €0 | -€20 | -100.0% |
| Remuneration, social security and pensions | 62 | €16,220 | €48,595 | +€32,376 | +199.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,552 | €25,619 | +€10,067 | +64.7% |
| Other operating charges | 640/8 | €14,064 | €53,306 | +€39,241 | +279.0% |
| Gross operating margin | 9900 | €239,604 | €23,375 | -€216,228 | -90.2% |
| Operating profit (loss) | 9901 | €193,767 | -€104,145 | -€297,912 | |
| Financial income | 75/76B | €135,563 | €13,226 | -€122,336 | -90.2% |
| Recurring financial income | 75 | €135,563 | €13,226 | -€122,336 | -90.2% |
| Financial charges | 65/66B | €251,067 | €88,285 | -€162,782 | -64.8% |
| Recurring financial charges | 65 | €251,067 | €88,285 | -€162,782 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €78,263 | -€179,204 | -€257,467 | |
| Income taxes | 67/77 | €29,556 | €2,478 | -€27,078 | -91.6% |
| Profit (loss) for the period | 9904 | €48,707 | -€181,682 | -€230,389 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,707 | -€181,682 | -€230,389 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.