C.S.E. Fontaine Mulnard: what changed
C.S.E. Fontaine Mulnard
Largest movements
- Receivables within one year -€15,952
down €15,952 (-45.3%), from €35,248 to €19,296
of which Trade receivables: -€8,220
- Tangible fixed assets -€4,647
down €4,647 (-21.3%), from €21,813 to €17,166
- Deferred charges and accrued income +€2,309
up €2,309 (+386%), from €598 to €2,908
- Cash +€714
up €714 (+364%), from €196 to €910
mainly Receivables within one year (+€15,952) and Trade debts (+€7,472)
- Other debts -€11,374
down €11,374 (-63.3%), from €17,956 to €6,582
- Profit (loss) carried forward -€7,798
down €7,798 (-69.4%), from €11,228 to €3,430
- Trade debts +€7,472
up €7,472 (+74.1%), from €10,090 to €17,562
- Debts after one year -€4,403
down €4,403 (-59.6%), from €7,387 to €2,984
- Tax, wage and social debts -€1,880
down €1,880 (-26.5%), from €7,097 to €5,216
- Gross operating margin -€19,918
down €19,918 (-73.9%), from €26,956 to €7,038
- Depreciation +€3,225
up €3,225 (+227%), from €1,422 to €4,647
- Other operating charges -€1,192
down €1,192 (-11.5%), from €10,361 to €9,169
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 | €66,112 | €48,237 | -€17,875 | -27.0% |
| Fixed assets | 21/28 | €22,010 | €17,363 | -€4,647 | -21.1% |
| Tangible fixed assets | 22/27 | €21,813 | €17,166 | -€4,647 | -21.3% |
| Furniture and vehicles | 24 | €21,813 | €17,166 | -€4,647 | -21.3% |
| Financial fixed assets | 28 | €196 | €196 | = | 0.0% |
| Current assets | 29/58 | €44,102 | €30,874 | -€13,228 | -30.0% |
| Stocks and contracts in progress | 3 | €8,060 | €7,761 | -€299 | -3.7% |
| Stocks | 30/36 | €8,060 | €7,761 | -€299 | -3.7% |
| Amounts receivable within one year | 40/41 | €35,248 | €19,296 | -€15,952 | -45.3% |
| Trade receivables | 40 | €21,456 | €13,236 | -€8,220 | -38.3% |
| Other amounts receivable | 41 | €13,792 | €6,060 | -€7,732 | -56.1% |
| Cash at bank and in hand | 54/58 | €196 | €910 | +€714 | +364% |
| Deferred charges and accrued income | 490/1 | €598 | €2,908 | +€2,309 | +386% |
| Total equity and liabilities | 10/49 | €66,112 | €48,237 | -€17,875 | -27.0% |
| Equity | 10/15 | €19,288 | €11,490 | -€7,798 | -40.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,228 | €3,430 | -€7,798 | -69.4% |
| Amounts payable | 17/49 | €46,824 | €36,747 | -€10,077 | -21.5% |
| Amounts payable after more than one year | 17 | €7,387 | €2,984 | -€4,403 | -59.6% |
| Financial debts | 170/4 | €7,387 | €2,984 | -€4,403 | -59.6% |
| Amounts payable within one year | 42/48 | €39,437 | €33,763 | -€5,675 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €4,295 | €4,403 | +€108 | +2.5% |
| Trade debts | 44 | €10,090 | €17,562 | +€7,472 | +74.1% |
| Suppliers | 440/4 | €10,090 | €17,562 | +€7,472 | +74.1% |
| Taxes, remuneration and social security | 45 | €7,097 | €5,216 | -€1,880 | -26.5% |
| Taxes | 450/3 | €7,097 | €5,216 | -€1,880 | -26.5% |
| Other amounts payable | 47/48 | €17,956 | €6,582 | -€11,374 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,422 | €4,647 | +€3,225 | +227% |
| Other operating charges | 640/8 | €10,361 | €9,169 | -€1,192 | -11.5% |
| Gross operating margin | 9900 | €26,956 | €7,038 | -€19,918 | -73.9% |
| Operating profit (loss) | 9901 | €15,173 | -€6,778 | -€21,951 | |
| Financial income | 75/76B | €7 | €123 | +€116 | +1,640% |
| Recurring financial income | 75 | €7 | €123 | +€116 | +1,640% |
| Financial charges | 65/66B | €1,194 | €1,143 | -€51 | -4.2% |
| Recurring financial charges | 65 | €1,194 | €1,143 | -€51 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €13,986 | -€7,798 | -€21,784 | |
| Profit (loss) for the period | 9904 | €13,986 | -€7,798 | -€21,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,986 | -€7,798 | -€21,784 |
Next steps
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 5 November 2026 via checked.be.