Muovo: what changed
What changed
Muovo
NACE 68.322, Real estate appraisal on a fee or contract basis
filed annual accounts (NBB)
Net result for the year
€55,148
2024 · €438,006-€382,858
Equity
€637,914
2024 · €582,766+€55,148
Cash
€307,913
2024 · €156,905+€151,008
Balance sheet total
€1.3m
2024 · €1.3m-€14,225
Largest movements
Assets
- Receivables after one year -€195,000
down €195,000 (-100%), from €195,000 to €0
- Cash +€151,008
up €151,008 (+96.2%), from €156,905 to €307,913
mainly Receivables after one year (+€195,000) and Trade debts (+€56,753)
- Tangible fixed assets +€33,319
up €33,319 (+3.6%), from €931,744 to €965,063
of which Other tangible fixed assets: +€31,000
- Deferred charges and accrued income -€16,360
down €16,360 (-74.8%), from €21,878 to €5,519
Equity and liabilities
- Other debts -€68,329
down €68,329 (-93.0%), from €73,459 to €5,130
- Trade debts +€56,753
up €56,753 (+1,021%), from €5,561 to €62,314
- Debts after one year -€55,578
down €55,578 (-11.3%), from €491,714 to €436,136
- Reserves +€55,148
up €55,148 (+9.6%), from €576,566 to €631,714
of which Distributable reserves: +€68,044
Income statement
- Gross operating margin -€462,621
down €462,621 (-78.5%), from €589,599 to €126,978
- Taxes +€22,185
up €22,185 (+188%), from €11,800 to €33,985
- Staff costs -€12,374
down €12,374 (-81.8%), from €15,136 to €2,762
- Depreciation +€8,110
up €8,110 (+39.1%), from €20,717 to €28,827
- Financial income -€7,851
down €7,851 (-56.1%), from €13,986 to €6,135
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€438,006
Gross operating margin
-€462,621
Staff costs
+€12,374
Depreciation
-€8,110
Other operating charges
+€2,034
Financial income
-€7,851
Financial charges
-€2,891
Taxes
-€22,185
Deferred taxes and other
+€106,392
Result 2025
€55,148
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€270,245
Investment
-€62,146
Financing
-€57,091
Cash 2024
€156,905
From operations (derived)
+€270,245
Net result for the year
+€55,148
Depreciation
+€28,827
Receivables after one year
+€195,000
Receivables within one year
-€12,808
Deferred charges and accrued income
+€16,360
Provisions
-€3,224
Trade debts
+€56,753
Tax, wage and social debts
+€2,519
Other debts
-€68,329
Investment (derived)
-€62,146
Investment in fixed assets (net)
-€62,146
Financing
-€57,091
Debts after one year
-€55,578
Current portion of long-term debt
+€983
Short-term financial debts
-€2,496
Cash 2025
€307,913
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,327,393 | €1,313,169 | -€14,225 | -1.1% |
| Fixed assets | 21/28 | €931,744 | €965,063 | +€33,319 | +3.6% |
| Tangible fixed assets | 22/27 | €931,744 | €965,063 | +€33,319 | +3.6% |
| Land and buildings | 22 | €792,835 | €786,882 | -€5,953 | -0.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €70,764 | €79,036 | +€8,272 | +11.7% |
| Other tangible fixed assets | 26 | €68,145 | €99,145 | +€31,000 | +45.5% |
| Current assets | 29/58 | €395,650 | €348,106 | -€47,544 | -12.0% |
| Amounts receivable after more than one year | 29 | €195,000 | €0 | -€195,000 | -100% |
| Other amounts receivable | 291 | €195,000 | €0 | -€195,000 | -100% |
| Amounts receivable within one year | 40/41 | €21,866 | €34,674 | +€12,808 | +58.6% |
| Trade receivables | 40 | €20,000 | €31,797 | +€11,797 | +59.0% |
| Other amounts receivable | 41 | €1,866 | €2,877 | +€1,011 | +54.1% |
| Cash at bank and in hand | 54/58 | €156,905 | €307,913 | +€151,008 | +96.2% |
| Deferred charges and accrued income | 490/1 | €21,878 | €5,519 | -€16,360 | -74.8% |
| Total equity and liabilities | 10/49 | €1,327,393 | €1,313,169 | -€14,225 | -1.1% |
| Equity | 10/15 | €582,766 | €637,914 | +€55,148 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €576,566 | €631,714 | +€55,148 | +9.6% |
| Tax-exempt reserves | 132 | €412,671 | €399,775 | -€12,896 | -3.1% |
| Distributable reserves | 133 | €163,895 | €231,939 | +€68,044 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €103,168 | €99,944 | -€3,224 | -3.1% |
| Deferred taxes | 168 | €103,168 | €99,944 | -€3,224 | -3.1% |
| Amounts payable | 17/49 | €641,459 | €575,311 | -€66,149 | -10.3% |
| Amounts payable after more than one year | 17 | €491,714 | €436,136 | -€55,578 | -11.3% |
| Financial debts | 170/4 | €491,714 | €436,136 | -€55,578 | -11.3% |
| Amounts payable within one year | 42/48 | €148,677 | €138,106 | -€10,571 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €54,594 | €55,578 | +€983 | +1.8% |
| Financial debts | 43 | €9,501 | €7,005 | -€2,496 | -26.3% |
| Credit institutions | 430/8 | €7,569 | €7,005 | -€564 | -7.5% |
| Other loans | 439 | €1,932 | €0 | -€1,932 | -100% |
| Trade debts | 44 | €5,561 | €62,314 | +€56,753 | +1,021% |
| Suppliers | 440/4 | €5,561 | €62,314 | +€56,753 | +1,021% |
| Taxes, remuneration and social security | 45 | €5,561 | €8,080 | +€2,519 | +45.3% |
| Taxes | 450/3 | €5,561 | €7,724 | +€2,162 | +38.9% |
| Remuneration and social security | 454/9 | €0 | €356 | +€356 | |
| Other amounts payable | 47/48 | €73,459 | €5,130 | -€68,329 | -93.0% |
| Accrued charges and deferred income | 492/3 | €1,068 | €1,068 | = | 0.0% |
| Non-recurring operating income | 76A | €531,959 | €16,890 | -€515,069 | -96.8% |
| Remuneration, social security and pensions | 62 | €15,136 | €2,762 | -€12,374 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,717 | €28,827 | +€8,110 | +39.1% |
| Other operating charges | 640/8 | €5,309 | €3,276 | -€2,034 | -38.3% |
| Gross operating margin | 9900 | €589,599 | €126,978 | -€462,621 | -78.5% |
| Operating profit (loss) | 9901 | €548,437 | €92,114 | -€456,323 | -83.2% |
| Financial income | 75/76B | €13,986 | €6,135 | -€7,851 | -56.1% |
| Recurring financial income | 75 | €13,986 | €6,135 | -€7,851 | -56.1% |
| Financial charges | 65/66B | €9,449 | €12,340 | +€2,891 | +30.6% |
| Recurring financial charges | 65 | €9,449 | €12,340 | +€2,891 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €552,974 | €85,909 | -€467,065 | -84.5% |
| Transfer from deferred taxes | 780 | €3,224 | €3,224 | = | 0.0% |
| Transfer to deferred taxes | 680 | €106,392 | €0 | -€106,392 | -100% |
| Income taxes | 67/77 | €11,800 | €33,985 | +€22,185 | +188% |
| Profit (loss) for the period | 9904 | €438,006 | €55,148 | -€382,858 | -87.4% |
| Transfer from tax-exempt reserves | 789 | €12,896 | €12,896 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €425,567 | €0 | -€425,567 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €25,335 | €68,044 | +€42,709 | +169% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.