BRUNO MOULINASSE: what changed
BRUNO MOULINASSE
Largest movements
- Receivables within one year -€36,348
down €36,348 (-55.5%), from €65,523 to €29,175
of which Trade receivables: -€39,196
- Tangible fixed assets +€9,187
up €9,187 (+23.4%), from €39,186 to €48,373
of which Furniture and vehicles: +€12,186
- Stocks and contracts +€2,567
up €2,567 (+4.7%), from €54,604 to €57,171
- Other debts -€54,804
down €54,804 (-35.4%), from €154,804 to €100,000
- Profit (loss) carried forward +€33,702
up €33,702 (+28.2%), from -€119,699 to -€85,997
- Short-term financial debts -€5,931
down €5,931 (-10.6%), from €56,155 to €50,224
- Tax, wage and social debts +€5,168
up €5,168 (+66.0%), from €7,831 to €12,998
of which Remuneration and social security: +€4,489
- Trade debts -€4,288
down €4,288 (-15.1%), from €28,417 to €24,129
- Gross operating margin +€42,000
up €42,000 (+68.3%), from €61,463 to €103,462
- Depreciation +€2,705
up €2,705 (+59.5%), from €4,545 to €7,250
- Other operating charges +€2,261
up €2,261 (+60.9%), from €3,712 to €5,973
- Staff costs +€2,247
up €2,247 (+5.5%), from €40,685 to €42,932
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,499 | €139,117 | -€25,383 | -15.4% |
| Fixed assets | 21/28 | €39,455 | €48,373 | +€8,918 | +22.6% |
| Tangible fixed assets | 22/27 | €39,186 | €48,373 | +€9,187 | +23.4% |
| Plant, machinery and equipment | 23 | €13,649 | €11,583 | -€2,066 | -15.1% |
| Furniture and vehicles | 24 | €22,048 | €34,234 | +€12,186 | +55.3% |
| Other tangible fixed assets | 26 | €3,490 | €2,557 | -€933 | -26.7% |
| Financial fixed assets | 28 | €269 | - | -€269 | |
| Current assets | 29/58 | €125,044 | €90,743 | -€34,301 | -27.4% |
| Stocks and contracts in progress | 3 | €54,604 | €57,171 | +€2,567 | +4.7% |
| Contracts in progress | 37 | €54,604 | €57,171 | +€2,567 | +4.7% |
| Amounts receivable within one year | 40/41 | €65,523 | €29,175 | -€36,348 | -55.5% |
| Trade receivables | 40 | €65,523 | €26,327 | -€39,196 | -59.8% |
| Other amounts receivable | 41 | - | €2,848 | +€2,848 | |
| Cash at bank and in hand | 54/58 | €125 | €331 | +€207 | +166% |
| Deferred charges and accrued income | 490/1 | €4,792 | €4,066 | -€727 | -15.2% |
| Total equity and liabilities | 10/49 | €164,499 | €139,117 | -€25,383 | -15.4% |
| Equity | 10/15 | -€82,707 | -€49,005 | +€33,702 | +40.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €18,242 | €18,242 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,367 | €16,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,699 | -€85,997 | +€33,702 | +28.2% |
| Amounts payable | 17/49 | €247,206 | €188,121 | -€59,085 | -23.9% |
| Amounts payable within one year | 42/48 | €247,206 | €187,351 | -€59,855 | -24.2% |
| Financial debts | 43 | €56,155 | €50,224 | -€5,931 | -10.6% |
| Credit institutions | 430/8 | €56,155 | €50,224 | -€5,931 | -10.6% |
| Trade debts | 44 | €28,417 | €24,129 | -€4,288 | -15.1% |
| Suppliers | 440/4 | €28,417 | €24,129 | -€4,288 | -15.1% |
| Taxes, remuneration and social security | 45 | €7,831 | €12,998 | +€5,168 | +66.0% |
| Taxes | 450/3 | €6,439 | €7,118 | +€679 | +10.5% |
| Remuneration and social security | 454/9 | €1,391 | €5,881 | +€4,489 | +323% |
| Other amounts payable | 47/48 | €154,804 | €100,000 | -€54,804 | -35.4% |
| Accrued charges and deferred income | 492/3 | - | €770 | +€770 | |
| Remuneration, social security and pensions | 62 | €40,685 | €42,932 | +€2,247 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,545 | €7,250 | +€2,705 | +59.5% |
| Other operating charges | 640/8 | €3,712 | €5,973 | +€2,261 | +60.9% |
| Gross operating margin | 9900 | €61,463 | €103,462 | +€42,000 | +68.3% |
| Operating profit (loss) | 9901 | €12,520 | €47,308 | +€34,788 | +278% |
| Financial income | 75/76B | €0 | €3 | +€3 | +825% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +825% |
| Financial charges | 65/66B | €13,930 | €13,467 | -€464 | -3.3% |
| Recurring financial charges | 65 | €13,930 | €13,467 | -€464 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,410 | €33,844 | +€35,254 | |
| Income taxes | 67/77 | €140 | €142 | +€3 | +1.8% |
| Profit (loss) for the period | 9904 | -€1,550 | €33,702 | +€35,251 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,550 | €33,702 | +€35,251 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.