MOVEO: 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.
MOVEO
Largest movements
- Tangible fixed assets -€63,246
down €63,246 (-11.3%), from €560,717 to €497,471
of which Leasing and similar rights: -€35,900
- Cash -€39,161
down €39,161 (-78.3%), from €50,011 to €10,850
mainly Debts after one year (-€60,995) and Trade debts (-€60,328)
- Receivables within one year -€36,412
down €36,412 (-14.0%), from €259,452 to €223,040
of which Other amounts receivable: -€36,412
- Debts after one year -€60,995
down €60,995 (-25.5%), from €239,041 to €178,046
- Trade debts -€60,328
down €60,328 (-59.1%), from €102,160 to €41,833
- Other debts -€54,226
down €54,226 (-62.9%), from €86,278 to €32,052
- Reserves +€36,759
up €36,759 (+11.9%), from €307,924 to €344,683
of which Distributable reserves: +€36,759
- Depreciation +€33,033
up €33,033 (+109%), from €30,213 to €63,246
- Gross operating margin +€16,823
up €16,823 (+11.9%), from €141,226 to €158,050
- Other operating charges +€3,956
up €3,956 (+19.6%), from €20,161 to €24,117
- Financial charges +€2,927
up €2,927 (+16.6%), from €17,634 to €20,561
- Taxes -€2,843
down €2,843 (-17.5%), from €16,209 to €13,367
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 | €870,180 | €731,361 | -€138,819 | -16.0% |
| Fixed assets | 21/28 | €560,717 | €497,471 | -€63,246 | -11.3% |
| Tangible fixed assets | 22/27 | €560,717 | €497,471 | -€63,246 | -11.3% |
| Land and buildings | 22 | €382,343 | €355,338 | -€27,005 | -7.1% |
| Furniture and vehicles | 24 | €981 | €640 | -€341 | -34.8% |
| Leasing and similar rights | 25 | €177,394 | €141,494 | -€35,900 | -20.2% |
| Current assets | 29/58 | €309,463 | €233,890 | -€75,573 | -24.4% |
| Amounts receivable within one year | 40/41 | €259,452 | €223,040 | -€36,412 | -14.0% |
| Trade receivables | 40 | €1,271 | €1,271 | = | 0.0% |
| Other amounts receivable | 41 | €258,181 | €221,769 | -€36,412 | -14.1% |
| Cash at bank and in hand | 54/58 | €50,011 | €10,850 | -€39,161 | -78.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €870,180 | €731,361 | -€138,819 | -16.0% |
| Equity | 10/15 | €369,924 | €406,683 | +€36,759 | +9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €307,924 | €344,683 | +€36,759 | +11.9% |
| Non-distributable reserves | 130/1 | €3,683 | €3,683 | = | 0.0% |
| Legal reserve | 130 | €3,683 | €3,683 | = | 0.0% |
| Distributable reserves | 133 | €304,241 | €341,000 | +€36,759 | +12.1% |
| Amounts payable | 17/49 | €500,256 | €324,678 | -€175,578 | -35.1% |
| Amounts payable after more than one year | 17 | €239,041 | €178,046 | -€60,995 | -25.5% |
| Financial debts | 170/4 | €239,041 | €178,046 | -€60,995 | -25.5% |
| Amounts payable within one year | 42/48 | €258,734 | €146,632 | -€112,102 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €63,948 | €60,995 | -€2,953 | -4.6% |
| Financial debts | 43 | €6,348 | €11,753 | +€5,405 | +85.1% |
| Credit institutions | 430/8 | €6,348 | €11,753 | +€5,405 | +85.1% |
| Trade debts | 44 | €102,160 | €41,833 | -€60,328 | -59.1% |
| Suppliers | 440/4 | €102,160 | €41,833 | -€60,328 | -59.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €86,278 | €32,052 | -€54,226 | -62.9% |
| Accrued charges and deferred income | 492/3 | €2,481 | €0 | -€2,481 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,213 | €63,246 | +€33,033 | +109% |
| Other operating charges | 640/8 | €20,161 | €24,117 | +€3,956 | +19.6% |
| Gross operating margin | 9900 | €141,226 | €158,050 | +€16,823 | +11.9% |
| Operating profit (loss) | 9901 | €90,852 | €70,686 | -€20,166 | -22.2% |
| Financial charges | 65/66B | €17,634 | €20,561 | +€2,927 | +16.6% |
| Recurring financial charges | 65 | €17,634 | €20,561 | +€2,927 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €73,218 | €50,126 | -€23,093 | -31.5% |
| Income taxes | 67/77 | €16,209 | €13,367 | -€2,843 | -17.5% |
| Profit (loss) for the period | 9904 | €57,009 | €36,759 | -€20,250 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,009 | €36,759 | -€20,250 | -35.5% |
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 14 October 2026 via checked.be.