Movias: 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.
Movias
Largest movements
- Receivables within one year +€90,957
up €90,957 (+63.4%), from €143,402 to €234,359
of which Trade receivables: +€95,058
- Deferred charges and accrued income +€39,145
up €39,145 (+32.7%), from €119,825 to €158,970
- Cash -€32,812
down €32,812 (-28.5%), from €115,045 to €82,233
mainly Receivables within one year (-€90,957) and Deferred charges and accrued income (-€39,145)
- Tax, wage and social debts +€47,953
up €47,953 (+507%), from €9,463 to €57,417
of which Taxes: +€25,123
- Advances received +€25,688
up €25,688 (+156%), from €16,500 to €42,188
- Reserves +€23,261
up €23,261 (+11.7%), from €198,400 to €221,661
- Accrued charges and deferred income +€9,127
up €9,127 (+57.3%), from €15,941 to €25,068
- Staff costs +€171,549
up €171,549 (+159%), from €108,230 to €279,779
- Gross operating margin +€145,198
up €145,198 (+86.4%), from €168,023 to €313,221
- Financial income +€7,776
up €7,776 (+5,522%), from €141 to €7,917
- Depreciation +€6,673
up €6,673 (+114%), from €5,853 to €12,526
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 | €614,621 | €719,059 | +€104,438 | +17.0% |
| Fixed assets | 21/28 | €36,349 | €43,497 | +€7,148 | +19.7% |
| Tangible fixed assets | 22/27 | €36,349 | €43,497 | +€7,148 | +19.7% |
| Plant, machinery and equipment | 23 | €3,133 | €3,825 | +€692 | +22.1% |
| Furniture and vehicles | 24 | €33,216 | €39,672 | +€6,456 | +19.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €578,272 | €675,562 | +€97,290 | +16.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €143,402 | €234,359 | +€90,957 | +63.4% |
| Trade receivables | 40 | €137,991 | €233,049 | +€95,058 | +68.9% |
| Other amounts receivable | 41 | €5,411 | €1,310 | -€4,101 | -75.8% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €115,045 | €82,233 | -€32,812 | -28.5% |
| Deferred charges and accrued income | 490/1 | €119,825 | €158,970 | +€39,145 | +32.7% |
| Total equity and liabilities | 10/49 | €614,621 | €719,059 | +€104,438 | +17.0% |
| Equity | 10/15 | €512,559 | €535,820 | +€23,261 | +4.5% |
| Contributions | 10/11 | €314,159 | €314,159 | = | 0.0% |
| Reserves | 13 | €198,400 | €221,661 | +€23,261 | +11.7% |
| Distributable reserves | 133 | €198,400 | €221,661 | +€23,261 | +11.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €102,062 | €183,239 | +€81,177 | +79.5% |
| Amounts payable within one year | 42/48 | €86,121 | €158,171 | +€72,050 | +83.7% |
| Financial debts | 43 | €597 | - | -€597 | |
| Credit institutions | 430/8 | €597 | - | -€597 | |
| Trade debts | 44 | €59,561 | €56,016 | -€3,545 | -6.0% |
| Suppliers | 440/4 | €59,561 | €56,016 | -€3,545 | -6.0% |
| Advances received on contracts in progress | 46 | €16,500 | €42,188 | +€25,688 | +156% |
| Taxes, remuneration and social security | 45 | €9,463 | €57,417 | +€47,953 | +507% |
| Taxes | 450/3 | €1,975 | €27,098 | +€25,123 | +1,272% |
| Remuneration and social security | 454/9 | €7,488 | €30,319 | +€22,831 | +305% |
| Other amounts payable | 47/48 | - | €2,550 | +€2,550 | |
| Accrued charges and deferred income | 492/3 | €15,941 | €25,068 | +€9,127 | +57.3% |
| Remuneration, social security and pensions | 62 | €108,230 | €279,779 | +€171,549 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,853 | €12,526 | +€6,673 | +114% |
| Other operating charges | 640/8 | €1,011 | €1,636 | +€625 | +61.9% |
| Gross operating margin | 9900 | €168,023 | €313,221 | +€145,198 | +86.4% |
| Operating profit (loss) | 9901 | €52,930 | €19,281 | -€33,649 | -63.6% |
| Financial income | 75/76B | €141 | €7,917 | +€7,776 | +5,522% |
| Recurring financial income | 75 | €141 | €7,917 | +€7,776 | +5,522% |
| Financial charges | 65/66B | €159 | €293 | +€135 | +85.0% |
| Recurring financial charges | 65 | €159 | €293 | +€135 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | €52,912 | €26,905 | -€26,007 | -49.2% |
| Income taxes | 67/77 | -€1,822 | €1,094 | +€2,916 | |
| Profit (loss) for the period | 9904 | €54,734 | €25,811 | -€28,923 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,734 | €25,811 | -€28,923 | -52.8% |
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 1 November 2026 via checked.be.