MOVESANA: 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.
MOVESANA
Largest movements
- Receivables within one year +€35,719
up €35,719 (+152.9%), from €23,365 to €59,085
of which Trade receivables: +€33,796
- Cash +€23,142
up €23,142 (+25.4%), from €91,106 to €114,248
mainly Trade debts (+€35,115) and Net result for the year (+€19,700)
- Tangible fixed assets -€10,084
down €10,084 (-17.1%), from €58,997 to €48,913
of which Other tangible fixed assets: -€6,540
- Trade debts +€35,115
up €35,115 (+222.4%), from €15,787 to €50,902
- Reserves +€19,700
up €19,700 (+19.0%), from €103,949 to €123,649
- Debts after one year -€8,048
down €8,048 (-33.7%), from €23,882 to €15,834
- Accrued charges and deferred income +€4,913
up €4,913 (+51.3%), from €9,569 to €14,483
- Tax, wage and social debts -€3,349
down €3,349 (-51.3%), from €6,524 to €3,175
- Gross operating margin -€5,395
down €5,395 (-12.1%), from €44,760 to €39,365
- Taxes -€1,929
down €1,929 (-25.9%), from €7,462 to €5,533
- Other operating charges -€519
down €519 (-47.6%), from €1,091 to €572
- Depreciation -€479
down €479 (-4.2%), from €11,396 to €10,916
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 | €177,369 | €226,146 | +€48,777 | +27.5% |
| Fixed assets | 21/28 | €62,897 | €52,813 | -€10,084 | -16.0% |
| Tangible fixed assets | 22/27 | €58,997 | €48,913 | -€10,084 | -17.1% |
| Land and buildings | 22 | €999 | €570 | -€429 | -42.9% |
| Plant, machinery and equipment | 23 | €7,059 | €5,369 | -€1,690 | -23.9% |
| Furniture and vehicles | 24 | €4,280 | €2,853 | -€1,426 | -33.3% |
| Other tangible fixed assets | 26 | €46,660 | €40,120 | -€6,540 | -14.0% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €114,472 | €173,333 | +€58,861 | +51.4% |
| Amounts receivable within one year | 40/41 | €23,365 | €59,085 | +€35,719 | +152.9% |
| Trade receivables | 40 | €16,923 | €50,719 | +€33,796 | +199.7% |
| Other amounts receivable | 41 | €6,442 | €8,365 | +€1,923 | +29.9% |
| Cash at bank and in hand | 54/58 | €91,106 | €114,248 | +€23,142 | +25.4% |
| Total equity and liabilities | 10/49 | €177,369 | €226,146 | +€48,777 | +27.5% |
| Equity | 10/15 | €113,949 | €133,649 | +€19,700 | +17.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €103,949 | €123,649 | +€19,700 | +19.0% |
| Distributable reserves | 133 | €103,949 | €123,649 | +€19,700 | +19.0% |
| Amounts payable | 17/49 | €63,420 | €92,497 | +€29,077 | +45.8% |
| Amounts payable after more than one year | 17 | €23,882 | €15,834 | -€8,048 | -33.7% |
| Financial debts | 170/4 | €23,882 | €15,834 | -€8,048 | -33.7% |
| Amounts payable within one year | 42/48 | €29,969 | €62,180 | +€32,212 | +107.5% |
| Current portion of amounts payable after more than one year | 42 | €7,658 | €8,048 | +€390 | +5.1% |
| Trade debts | 44 | €15,787 | €50,902 | +€35,115 | +222.4% |
| Suppliers | 440/4 | €15,787 | €50,902 | +€35,115 | +222.4% |
| Taxes, remuneration and social security | 45 | €6,524 | €3,175 | -€3,349 | -51.3% |
| Taxes | 450/3 | €6,524 | €3,175 | -€3,349 | -51.3% |
| Other amounts payable | 47/48 | - | €55 | +€55 | |
| Accrued charges and deferred income | 492/3 | €9,569 | €14,483 | +€4,913 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,396 | €10,916 | -€479 | -4.2% |
| Other operating charges | 640/8 | €1,091 | €572 | -€519 | -47.6% |
| Non-recurring operating charges | 66A | €2,125 | - | -€2,125 | |
| Gross operating margin | 9900 | €44,760 | €39,365 | -€5,395 | -12.1% |
| Operating profit (loss) | 9901 | €30,148 | €27,876 | -€2,272 | -7.5% |
| Financial income | 75/76B | €224 | €0 | -€224 | -100.0% |
| Recurring financial income | 75 | €224 | €0 | -€224 | -100.0% |
| Financial charges | 65/66B | €2,835 | €2,643 | -€191 | -6.7% |
| Recurring financial charges | 65 | €2,835 | €2,643 | -€191 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €27,537 | €25,233 | -€2,305 | -8.4% |
| Income taxes | 67/77 | €7,462 | €5,533 | -€1,929 | -25.9% |
| Profit (loss) for the period | 9904 | €20,075 | €19,700 | -€375 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,075 | €19,700 | -€375 | -1.9% |
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.