De Molens: 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
De Molens
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€271,085
2024 · €2.2m-€2.5m
Equity
-€202,335
2024 · €68,750-€271,085
Cash
€321,315
2024 · €404,282-€82,968
Balance sheet total
€17.3m
2024 · €8.7m+€8.7m
Largest movements
Assets
- Stocks and contracts +€8.4m
up €8.4m (+104%), from €8.1m to €16.5m
- Receivables within one year +€392,725
up €392,725 (+350%), from €112,167 to €504,892
of which Other amounts receivable: +€380,370
Equity and liabilities
- Short-term financial debts +€8.0m
new in 2025: €8.0m
- Other debts -€4.0m
down €4.0m (-54.6%), from €7.3m to €3.3m
- Debts after one year +€3.8m
new in 2025: €3.8m
- Trade debts +€1.0m
up €1.0m (+89.4%), from €1.1m to €2.2m
- Profit (loss) carried forward -€271,085
down €271,085, from €0 to -€271,085
Income statement
- Turnover -€30.0m
down €30.0m (-95.7%), from €31.3m to €1.4m
- Goods and materials -€23.0m
down €23.0m (-70.6%), from €32.5m to €9.6m
of which Change in stocks: decrease (increase): -€26.8m
- Taxes -€736,311
down €736,311 (-100%), from €736,311 to €0
- Services and other goods -€434,193
down €434,193 (-27.6%), from €1.6m to €1.1m
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
€2.2m
Turnover
-€30.0m
Other operating income
-€2,645
Goods and materials
+€23.0m
Services and other goods
+€434,193
Other operating charges
+€1,860
Other operating items
+€3.7m
Financial income
-€175,472
Financial charges
-€209,643
Taxes
+€736,311
Result 2025
-€271,085
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
-€12.0m
Investment
-€548
Financing
+€11.9m
Cash 2024
€404,282
From operations (derived)
-€12.0m
Net result for the year
-€271,085
Stocks and contracts
-€8.4m
Receivables within one year
-€392,725
Deferred charges and accrued income
+€61,176
Trade debts
+€1.0m
Other debts
-€4.0m
Accrued charges and deferred income
+€25,757
Investment (derived)
-€548
Investment in fixed assets (net)
-€548
Financing
+€11.9m
Debts after one year
+€3.8m
Short-term financial debts
+€8.0m
Cash 2025
€321,315
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,695,178 | €17,346,408 | +€8.7m | +99.5% |
| Fixed assets | 21/28 | €6,101 | €6,649 | +€548 | +9.0% |
| Financial fixed assets | 28 | €6,101 | €6,649 | +€548 | +9.0% |
| Other financial fixed assets | 284/8 | €6,101 | €6,649 | +€548 | +9.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,101 | €6,649 | +€548 | +9.0% |
| Current assets | 29/58 | €8,689,077 | €17,339,760 | +€8.7m | +99.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €8,107,555 | €16,509,656 | +€8.4m | +104% |
| Stocks | 30/36 | €8,107,555 | €16,509,656 | +€8.4m | +104% |
| Property held for sale | 35 | €8,107,555 | €16,509,656 | +€8.4m | +104% |
| Amounts receivable within one year | 40/41 | €112,167 | €504,892 | +€392,725 | +350% |
| Trade receivables | 40 | €1,812 | €14,167 | +€12,355 | +682% |
| Other amounts receivable | 41 | €110,355 | €490,725 | +€380,370 | +345% |
| Cash at bank and in hand | 54/58 | €404,282 | €321,315 | -€82,968 | -20.5% |
| Deferred charges and accrued income | 490/1 | €65,073 | €3,898 | -€61,176 | -94.0% |
| Total equity and liabilities | 10/49 | €8,695,178 | €17,346,408 | +€8.7m | +99.5% |
| Equity | 10/15 | €68,750 | -€202,335 | -€271,085 | |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€271,085 | -€271,085 | |
| Amounts payable | 17/49 | €8,626,428 | €17,548,743 | +€8.9m | +103% |
| Amounts payable after more than one year | 17 | - | €3,846,575 | +€3.8m | |
| Advances received on contracts in progress | 176 | - | €3,846,575 | +€3.8m | |
| Amounts payable within one year | 42/48 | €8,448,678 | €13,498,661 | +€5.0m | +59.8% |
| Financial debts | 43 | - | €8,029,743 | +€8.0m | |
| Credit institutions | 430/8 | - | €8,029,743 | +€8.0m | |
| Trade debts | 44 | €1,136,997 | €2,153,046 | +€1.0m | +89.4% |
| Suppliers | 440/4 | €1,136,997 | €2,153,046 | +€1.0m | +89.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,311,681 | €3,315,872 | -€4.0m | -54.6% |
| Accrued charges and deferred income | 492/3 | €177,750 | €203,507 | +€25,757 | +14.5% |
| Operating income | 70/76A | €37,155,706 | €10,917,137 | -€26.2m | -70.6% |
| Turnover | 70 | €31,317,694 | €1,354,343 | -€30.0m | -95.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €5,835,367 | €9,562,794 | +€3.7m | +63.9% |
| Other operating income | 74 | €2,645 | €0 | -€2,645 | -100% |
| Operating charges | 60/66A | €34,156,655 | €10,750,585 | -€23.4m | -68.5% |
| Goods for resale, raw materials and consumables | 60 | €32,549,795 | €9,579,777 | -€23.0m | -70.6% |
| Purchases | 600/8 | €4,554,873 | €8,419,084 | +€3.9m | +84.8% |
| Change in stocks: decrease (increase) | 609 | €27,994,922 | €1,160,694 | -€26.8m | -95.9% |
| Services and other goods | 61 | €1,575,955 | €1,141,763 | -€434,193 | -27.6% |
| Other operating charges | 640/8 | €30,905 | €29,045 | -€1,860 | -6.0% |
| Operating profit (loss) | 9901 | €2,999,052 | €166,552 | -€2.8m | -94.4% |
| Financial income | 75/76B | €178,749 | €3,278 | -€175,472 | -98.2% |
| Recurring financial income | 75 | €178,749 | €3,278 | -€175,472 | -98.2% |
| Income from current assets | 751 | €178,749 | €3,278 | -€175,471 | -98.2% |
| Other financial income | 752/9 | €1 | €0 | -€0 | -45.3% |
| Financial charges | 65/66B | €231,272 | €440,915 | +€209,643 | +90.6% |
| Recurring financial charges | 65 | €231,272 | €440,915 | +€209,643 | +90.6% |
| Debt charges | 650 | €229,302 | €440,327 | +€211,025 | +92.0% |
| Other financial charges | 652/9 | €1,970 | €588 | -€1,383 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €2,946,529 | -€271,085 | -€3.2m | |
| Income taxes | 67/77 | €736,311 | €0 | -€736,311 | -100% |
| Taxes | 670/3 | €736,311 | €0 | -€736,311 | -100% |
| Profit (loss) for the period | 9904 | €2,210,218 | -€271,085 | -€2.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,210,218 | -€271,085 | -€2.5m |
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 17 October 2026 via checked.be.