DE MOLENHOEVE: 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.
DE MOLENHOEVE
Largest movements
- Receivables within one year +€131,864
up €131,864 (+99.8%), from €132,093 to €263,957
of which Other amounts receivable: +€136,297
- Tangible fixed assets -€53,267
down €53,267 (-20.2%), from €263,199 to €209,932
of which Land and buildings: -€40,305
- Cash -€33,097
down €33,097 (-64.6%), from €51,261 to €18,163
mainly Receivables within one year (-€131,864) and Debts after one year (-€62,694)
- Deferred charges and accrued income -€6,298
down €6,298 (-42.7%), from €14,743 to €8,445
- Reserves +€100,253
up €100,253 (+119%), from €84,583 to €184,836
of which Distributable reserves: +€100,253
- Debts after one year -€62,694
down €62,694 (-30.7%), from €204,087 to €141,393
- Other debts +€38,158
new in 2026: €38,158
- Tax, wage and social debts -€13,945
down €13,945 (-26.2%), from €53,175 to €39,231
of which Remuneration and social security: -€11,045
- Trade debts -€13,327
down €13,327 (-28.7%), from €46,406 to €33,078
- Gross operating margin +€132,556
up €132,556 (+58.6%), from €226,331 to €358,887
- Staff costs +€18,682
up €18,682 (+12.9%), from €144,709 to €163,390
- Other operating charges +€17,414
up €17,414 (+280%), from €6,228 to €23,642
- Financial charges +€4,855
up €4,855 (+27.6%), from €17,567 to €22,422
- Taxes -€4,126
down €4,126 (-96.7%), from €4,267 to €142
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,653 | €506,121 | +€38,468 | +8.2% |
| Fixed assets | 21/28 | €265,599 | €209,932 | -€55,667 | -21.0% |
| Tangible fixed assets | 22/27 | €263,199 | €209,932 | -€53,267 | -20.2% |
| Land and buildings | 22 | €212,822 | €172,517 | -€40,305 | -18.9% |
| Plant, machinery and equipment | 23 | €31,899 | €29,795 | -€2,104 | -6.6% |
| Furniture and vehicles | 24 | €17,894 | €7,052 | -€10,841 | -60.6% |
| Other tangible fixed assets | 26 | €585 | €568 | -€16 | -2.8% |
| Financial fixed assets | 28 | €2,400 | €0 | -€2,400 | -100% |
| Current assets | 29/58 | €202,055 | €296,190 | +€94,135 | +46.6% |
| Stocks and contracts in progress | 3 | €3,957 | €5,624 | +€1,667 | +42.1% |
| Stocks | 30/36 | €3,957 | €5,624 | +€1,667 | +42.1% |
| Amounts receivable within one year | 40/41 | €132,093 | €263,957 | +€131,864 | +99.8% |
| Trade receivables | 40 | €4,433 | €0 | -€4,433 | -100% |
| Other amounts receivable | 41 | €127,660 | €263,957 | +€136,297 | +107% |
| Cash at bank and in hand | 54/58 | €51,261 | €18,163 | -€33,097 | -64.6% |
| Deferred charges and accrued income | 490/1 | €14,743 | €8,445 | -€6,298 | -42.7% |
| Total equity and liabilities | 10/49 | €467,653 | €506,121 | +€38,468 | +8.2% |
| Equity | 10/15 | €90,783 | €191,036 | +€100,253 | +110% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €84,583 | €184,836 | +€100,253 | +119% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €84,583 | €184,836 | +€100,253 | +119% |
| Amounts payable | 17/49 | €376,870 | €315,086 | -€61,784 | -16.4% |
| Amounts payable after more than one year | 17 | €204,087 | €141,393 | -€62,694 | -30.7% |
| Financial debts | 170/4 | €204,087 | €141,393 | -€62,694 | -30.7% |
| Amounts payable within one year | 42/48 | €172,783 | €173,161 | +€379 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €73,202 | €62,694 | -€10,508 | -14.4% |
| Trade debts | 44 | €46,406 | €33,078 | -€13,327 | -28.7% |
| Suppliers | 440/4 | €46,406 | €33,078 | -€13,327 | -28.7% |
| Taxes, remuneration and social security | 45 | €53,175 | €39,231 | -€13,945 | -26.2% |
| Taxes | 450/3 | €18,804 | €15,904 | -€2,900 | -15.4% |
| Remuneration and social security | 454/9 | €34,371 | €23,326 | -€11,045 | -32.1% |
| Other amounts payable | 47/48 | - | €38,158 | +€38,158 | |
| Accrued charges and deferred income | 492/3 | €0 | €531 | +€531 | |
| Non-recurring operating income | 76A | - | €176,604 | +€176,604 | |
| Remuneration, social security and pensions | 62 | €144,709 | €163,390 | +€18,682 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,842 | €54,672 | -€2,170 | -3.8% |
| Other operating charges | 640/8 | €6,228 | €23,642 | +€17,414 | +280% |
| Gross operating margin | 9900 | €226,331 | €358,887 | +€132,556 | +58.6% |
| Operating profit (loss) | 9901 | €18,552 | €117,183 | +€98,631 | +532% |
| Financial income | 75/76B | €8,053 | €5,633 | -€2,420 | -30.1% |
| Recurring financial income | 75 | €8,053 | €5,633 | -€2,420 | -30.1% |
| Financial charges | 65/66B | €17,567 | €22,422 | +€4,855 | +27.6% |
| Recurring financial charges | 65 | €17,567 | €22,422 | +€4,855 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €9,038 | €100,394 | +€91,356 | +1,011% |
| Income taxes | 67/77 | €4,267 | €142 | -€4,126 | -96.7% |
| Profit (loss) for the period | 9904 | €4,771 | €100,253 | +€95,482 | +2,001% |
| Profit (loss) for the period to be appropriated | 9905 | €4,771 | €100,253 | +€95,482 | +2,001% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.