MOVENDI: 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.
MOVENDI
Largest movements
- Tangible fixed assets +€37,503
up €37,503 (+3,684%), from €1,018 to €38,521
- Receivables within one year +€10,760
up €10,760 (+69.3%), from €15,527 to €26,286
of which Trade receivables: +€12,382
- Deferred charges and accrued income +€1,912
up €1,912 (+115%), from €1,669 to €3,581
- Debts after one year +€24,216
new in 2025: €24,216
- Profit (loss) carried forward +€11,809
up €11,809 (+92.0%), from €12,834 to €24,643
- Current portion of long-term debt +€8,456
new in 2025: €8,456
- Tax, wage and social debts +€4,543
up €4,543 (+16,623%), from €27 to €4,570
of which Remuneration and social security: +€2,666
- Trade debts +€1,808
up €1,808 (+46.2%), from €3,911 to €5,719
- Gross operating margin +€11,234
up €11,234 (+136%), from €8,276 to €19,510
- Taxes +€2,261
up €2,261 (+138%), from €1,643 to €3,905
- Depreciation -€607
down €607 (-24.8%), from €2,447 to €1,841
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 | €25,418 | €76,034 | +€50,616 | +199% |
| Fixed assets | 21/28 | €1,018 | €38,521 | +€37,503 | +3,684% |
| Tangible fixed assets | 22/27 | €1,018 | €38,521 | +€37,503 | +3,684% |
| Furniture and vehicles | 24 | €1,018 | €38,521 | +€37,503 | +3,684% |
| Current assets | 29/58 | €24,400 | €37,513 | +€13,113 | +53.7% |
| Amounts receivable within one year | 40/41 | €15,527 | €26,286 | +€10,760 | +69.3% |
| Trade receivables | 40 | €12,292 | €24,674 | +€12,382 | +101% |
| Other amounts receivable | 41 | €3,235 | €1,612 | -€1,623 | -50.2% |
| Cash at bank and in hand | 54/58 | €7,205 | €7,646 | +€441 | +6.1% |
| Deferred charges and accrued income | 490/1 | €1,669 | €3,581 | +€1,912 | +115% |
| Total equity and liabilities | 10/49 | €25,418 | €76,034 | +€50,616 | +199% |
| Equity | 10/15 | €16,534 | €28,343 | +€11,809 | +71.4% |
| Contributions | 10/11 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,834 | €24,643 | +€11,809 | +92.0% |
| Amounts payable | 17/49 | €8,884 | €47,691 | +€38,807 | +437% |
| Amounts payable after more than one year | 17 | - | €24,216 | +€24,216 | |
| Financial debts | 170/4 | - | €24,216 | +€24,216 | |
| Amounts payable within one year | 42/48 | €8,884 | €23,475 | +€14,591 | +164% |
| Current portion of amounts payable after more than one year | 42 | - | €8,456 | +€8,456 | |
| Trade debts | 44 | €3,911 | €5,719 | +€1,808 | +46.2% |
| Suppliers | 440/4 | €3,911 | €5,719 | +€1,808 | +46.2% |
| Taxes, remuneration and social security | 45 | €27 | €4,570 | +€4,543 | +16,623% |
| Taxes | 450/3 | €27 | €1,905 | +€1,877 | +6,869% |
| Remuneration and social security | 454/9 | - | €2,666 | +€2,666 | |
| Other amounts payable | 47/48 | €4,946 | €4,730 | -€216 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,447 | €1,841 | -€607 | -24.8% |
| Other operating charges | 640/8 | €690 | €597 | -€94 | -13.5% |
| Non-recurring operating charges | 66A | - | €458 | +€458 | |
| Gross operating margin | 9900 | €8,276 | €19,510 | +€11,234 | +136% |
| Operating profit (loss) | 9901 | €5,139 | €16,615 | +€11,476 | +223% |
| Financial charges | 65/66B | €970 | €902 | -€68 | -7.0% |
| Recurring financial charges | 65 | €970 | €902 | -€68 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €4,168 | €15,713 | +€11,545 | +277% |
| Income taxes | 67/77 | €1,643 | €3,905 | +€2,261 | +138% |
| Profit (loss) for the period | 9904 | €2,525 | €11,809 | +€9,284 | +368% |
| Profit (loss) for the period to be appropriated | 9905 | €2,525 | €11,809 | +€9,284 | +368% |
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 29 October 2026 via checked.be.