Christine Molitor: 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.
Christine Molitor
Largest movements
- Cash +€34,840
up €34,840 (+64.1%), from €54,376 to €89,216
mainly Net result for the year (+€49,210) and Deferred charges and accrued income (+€2,500)
- Receivables within one year +€15,539
up €15,539 (+433%), from €3,591 to €19,130
of which Other amounts receivable: +€18,977
- Deferred charges and accrued income -€2,500
no longer reported in 2025 (was €2,500)
- Tangible fixed assets +€1,753
new in 2025: €1,753
of which Other tangible fixed assets: +€1,128
- Profit (loss) carried forward +€49,210
up €49,210 (+94.3%), from €52,168 to €101,379
- Gross operating margin +€9,046
up €9,046 (+16.7%), from €54,024 to €63,070
- Taxes +€1,074
up €1,074 (+8.6%), from €12,500 to €13,574
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 | €60,467 | €110,099 | +€49,632 | +82.1% |
| Fixed assets | 21/28 | - | €1,753 | +€1,753 | |
| Tangible fixed assets | 22/27 | - | €1,753 | +€1,753 | |
| Furniture and vehicles | 24 | - | €625 | +€625 | |
| Other tangible fixed assets | 26 | - | €1,128 | +€1,128 | |
| Current assets | 29/58 | €60,467 | €108,346 | +€47,879 | +79.2% |
| Amounts receivable within one year | 40/41 | €3,591 | €19,130 | +€15,539 | +433% |
| Trade receivables | 40 | €3,438 | - | -€3,438 | |
| Other amounts receivable | 41 | €153 | €19,130 | +€18,977 | +12,405% |
| Cash at bank and in hand | 54/58 | €54,376 | €89,216 | +€34,840 | +64.1% |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €60,467 | €110,099 | +€49,632 | +82.1% |
| Equity | 10/15 | €54,168 | €103,379 | +€49,210 | +90.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,168 | €101,379 | +€49,210 | +94.3% |
| Amounts payable | 17/49 | €6,298 | €6,720 | +€422 | +6.7% |
| Amounts payable within one year | 42/48 | €6,298 | €6,720 | +€422 | +6.7% |
| Taxes, remuneration and social security | 45 | €5,931 | €6,720 | +€789 | +13.3% |
| Taxes | 450/3 | €5,931 | €6,720 | +€789 | +13.3% |
| Other amounts payable | 47/48 | €367 | - | -€367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €532 | +€532 | |
| Other operating charges | 640/8 | - | €205 | +€205 | |
| Gross operating margin | 9900 | €54,024 | €63,070 | +€9,046 | +16.7% |
| Operating profit (loss) | 9901 | €54,024 | €62,333 | +€8,309 | +15.4% |
| Financial income | 75/76B | €1 | €518 | +€517 | +51,661% |
| Recurring financial income | 75 | €1 | €518 | +€517 | +51,661% |
| Financial charges | 65/66B | €72 | €66 | -€6 | -8.4% |
| Recurring financial charges | 65 | €72 | €66 | -€6 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €53,953 | €62,785 | +€8,832 | +16.4% |
| Income taxes | 67/77 | €12,500 | €13,574 | +€1,074 | +8.6% |
| Profit (loss) for the period | 9904 | €41,453 | €49,210 | +€7,758 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,453 | €49,210 | +€7,758 | +18.7% |
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 24 October 2026 via checked.be.