ANDERLECHT MOULART: 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.
What changed
ANDERLECHT MOULART
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,826
2024 · -€79,585+€73,759
Equity
€4.2m
2024 · €4.4m-€180,160
Cash
€549
2024 · €33,180-€32,632
Balance sheet total
€8.8m
2024 · €6.7m+€2.1m
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+29.4%), from €6.4m to €8.3m
of which Assets under construction and advance payments: +€2.2m
- Receivables within one year +€238,616
up €238,616 (+120%), from €198,928 to €437,543
of which Other amounts receivable: +€217,072
Equity and liabilities
- Short-term financial debts +€2.2m
new in 2025: €2.2m
- Trade debts +€218,685
up €218,685 (+79.1%), from €276,585 to €495,270
- Investment grants -€174,429
down €174,429 (-3.7%), from €4.7m to €4.5m
Income statement
- Staff costs -€99,363
down €99,363 (-26.3%), from €377,707 to €278,344
- Turnover -€73,716
down €73,716 (-13.0%), from €565,592 to €491,876
- Gross operating margin -€39,399
down €39,399 (-8.7%), from €454,773 to €415,374
- Purchases and services -€35,888
down €35,888 (-10.2%), from €350,432 to €314,544
- Other operating charges -€6,808
down €6,808 (-6.7%), from €100,915 to €94,107
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.
Result 2024
-€79,585
Gross operating margin
-€39,399
Staff costs
+€99,363
Depreciation
-€855
Other operating charges
+€6,808
Other operating items
+€7,517
Financial income
-€110
Financial charges
+€362
Deferred taxes and other
+€72
Result 2025
-€5,826
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€181,602
Investment
-€2.2m
Financing
+€1.9m
Cash 2024
€33,180
From operations (derived)
+€181,602
Net result for the year
-€5,826
Depreciation
+€284,507
Receivables within one year
-€238,616
Deferred charges and accrued income
-€11,228
Provisions
-€73,269
Trade debts
+€218,685
Tax, wage and social debts
+€15,062
Other debts
+€67
Accrued charges and deferred income
-€7,780
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Current investments
-€3
Financing
+€1.9m
Debts after one year
-€36,428
Current portion of long-term debt
+€1,052
Short-term financial debts
+€2.2m
Contributions, distributions and other
-€174,334
Cash 2025
€549
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,692,320 | €8,784,302 | +€2.1m | +31.3% |
| Fixed assets | 21/28 | €6,453,624 | €8,328,392 | +€1.9m | +29.0% |
| Intangible fixed assets | 21 | €17,626 | €2,040 | -€15,586 | -88.4% |
| Tangible fixed assets | 22/27 | €6,435,998 | €8,326,352 | +€1.9m | +29.4% |
| Land and buildings | 22 | €5,603,585 | €5,387,842 | -€215,743 | -3.9% |
| Plant, machinery and equipment | 23 | €57,299 | €35,468 | -€21,830 | -38.1% |
| Furniture and vehicles | 24 | €24,878 | €981 | -€23,896 | -96.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €750,237 | €2,902,060 | +€2.2m | +287% |
| Current assets | 29/58 | €238,695 | €455,910 | +€217,215 | +91.0% |
| Amounts receivable within one year | 40/41 | €198,928 | €437,543 | +€238,616 | +120% |
| Trade receivables | 40 | €104,118 | €125,662 | +€21,544 | +20.7% |
| Other amounts receivable | 41 | €94,810 | €311,882 | +€217,072 | +229% |
| Current investments | 50/53 | €549 | €551 | +€3 | +0.5% |
| Cash at bank and in hand | 54/58 | €33,180 | €549 | -€32,632 | -98.3% |
| Deferred charges and accrued income | 490/1 | €6,038 | €17,267 | +€11,228 | +186% |
| Total equity and liabilities | 10/49 | €6,692,320 | €8,784,302 | +€2.1m | +31.3% |
| Equity | 10/15 | €4,417,620 | €4,237,460 | -€180,160 | -4.1% |
| Contributions | 10/11 | €91,250 | €91,250 | = | 0.0% |
| Reserves | 13 | €2,556 | €2,556 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,556 | €2,556 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,556 | €2,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,776 | -€342,506 | -€5,731 | -1.7% |
| Investment grants | 15 | €4,660,590 | €4,486,160 | -€174,429 | -3.7% |
| Provisions and deferred taxes | 16 | €1,474,754 | €1,401,485 | -€73,269 | -5.0% |
| Deferred taxes | 168 | €1,474,754 | €1,401,485 | -€73,269 | -5.0% |
| Amounts payable | 17/49 | €799,946 | €3,145,357 | +€2.3m | +293% |
| Amounts payable after more than one year | 17 | €332,288 | €295,861 | -€36,428 | -11.0% |
| Financial debts | 170/4 | €289,696 | €252,308 | -€37,389 | -12.9% |
| Other amounts payable | 178/9 | €42,592 | €43,553 | +€961 | +2.3% |
| Amounts payable within one year | 42/48 | €367,207 | €2,756,826 | +€2.4m | +651% |
| Current portion of amounts payable after more than one year | 42 | €36,337 | €37,389 | +€1,052 | +2.9% |
| Financial debts | 43 | - | €2,154,754 | +€2.2m | |
| Credit institutions | 430/8 | - | €2,154,754 | +€2.2m | |
| Trade debts | 44 | €276,585 | €495,270 | +€218,685 | +79.1% |
| Suppliers | 440/4 | €276,585 | €495,270 | +€218,685 | +79.1% |
| Taxes, remuneration and social security | 45 | €53,698 | €68,760 | +€15,062 | +28.0% |
| Taxes | 450/3 | €22,966 | €34,490 | +€11,524 | +50.2% |
| Remuneration and social security | 454/9 | €30,732 | €34,270 | +€3,538 | +11.5% |
| Other amounts payable | 47/48 | €588 | €654 | +€67 | +11.3% |
| Accrued charges and deferred income | 492/3 | €100,450 | €92,671 | -€7,780 | -7.7% |
| Turnover | 70 | €565,592 | €491,876 | -€73,716 | -13.0% |
| Non-recurring operating income | 76A | €2,420 | €8,687 | +€6,267 | +259% |
| Goods, raw materials, services and sundry goods | 60/61 | €350,432 | €314,544 | -€35,888 | -10.2% |
| Remuneration, social security and pensions | 62 | €377,707 | €278,344 | -€99,363 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283,652 | €284,507 | +€855 | +0.3% |
| Other operating charges | 640/8 | €100,915 | €94,107 | -€6,808 | -6.7% |
| Non-recurring operating charges | 66A | €13,459 | €5,941 | -€7,517 | -55.9% |
| Gross operating margin | 9900 | €454,773 | €415,374 | -€39,399 | -8.7% |
| Operating profit (loss) | 9901 | -€320,960 | -€247,525 | +€73,435 | +22.9% |
| Financial income | 75/76B | €174,542 | €174,432 | -€110 | -0.1% |
| Recurring financial income | 75 | €174,542 | €174,432 | -€110 | -0.1% |
| Financial charges | 65/66B | €6,364 | €6,002 | -€362 | -5.7% |
| Recurring financial charges | 65 | €6,364 | €6,002 | -€362 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€152,782 | -€79,095 | +€73,687 | +48.2% |
| Transfer from deferred taxes | 780 | €73,197 | €73,269 | +€72 | +0.1% |
| Profit (loss) for the period | 9904 | -€79,585 | -€5,826 | +€73,759 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,585 | -€5,826 | +€73,759 | +92.7% |
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 28 October 2026 via checked.be.