De Molinari: what changed
Two fiscal 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 Molinari
Largest movements
- Cash +€25,852
up €25,852 (+41.4%), from €62,410 to €88,262
mainly Net result for the year (+€34,639) and Tax, wage and social debts (+€6,664)
- Receivables after one year +€6,500
up €6,500 (+25.0%), from €26,000 to €32,500
- Tangible fixed assets +€6,249
up €6,249 (+70.4%), from €8,873 to €15,122
of which Furniture and vehicles: +€3,625
- Reserves +€32,973
up €32,973 (+39.4%), from €83,703 to €116,676
- Tax, wage and social debts +€6,664
up €6,664 (+39.6%), from €16,813 to €23,478
- Gross operating margin -€11,735
down €11,735 (-19.0%), from €61,681 to €49,946
- Taxes -€1,177
down €1,177 (-8.6%), from €13,673 to €12,496
- Depreciation +€1,025
up €1,025 (+257.8%), from €398 to €1,423
- Financial charges -€626
down €626 (-23.0%), from €2,725 to €2,100
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.
Cash bridge derived
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 | €109,914 | €149,467 | +€39,553 | +36.0% |
| Fixed assets | 21/28 | €8,873 | €15,122 | +€6,249 | +70.4% |
| Tangible fixed assets | 22/27 | €8,873 | €15,122 | +€6,249 | +70.4% |
| Plant, machinery and equipment | 23 | €753 | €3,377 | +€2,624 | +348.4% |
| Furniture and vehicles | 24 | €8,120 | €11,745 | +€3,625 | +44.6% |
| Current assets | 29/58 | €101,041 | €134,344 | +€33,304 | +33.0% |
| Amounts receivable after more than one year | 29 | €26,000 | €32,500 | +€6,500 | +25.0% |
| Other amounts receivable | 291 | €26,000 | €32,500 | +€6,500 | +25.0% |
| Amounts receivable within one year | 40/41 | €12,375 | €12,485 | +€110 | +0.9% |
| Trade receivables | 40 | €12,375 | €12,485 | +€110 | +0.9% |
| Cash at bank and in hand | 54/58 | €62,410 | €88,262 | +€25,852 | +41.4% |
| Deferred charges and accrued income | 490/1 | €255 | €1,097 | +€842 | +329.8% |
| Total equity and liabilities | 10/49 | €109,914 | €149,467 | +€39,553 | +36.0% |
| Equity | 10/15 | €84,703 | €117,676 | +€32,973 | +38.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €83,703 | €116,676 | +€32,973 | +39.4% |
| Distributable reserves | 133 | €83,703 | €116,676 | +€32,973 | +39.4% |
| Amounts payable | 17/49 | €25,210 | €31,791 | +€6,580 | +26.1% |
| Amounts payable within one year | 42/48 | €25,210 | €31,791 | +€6,580 | +26.1% |
| Trade debts | 44 | €4,603 | €4,350 | -€253 | -5.5% |
| Suppliers | 440/4 | €4,603 | €4,350 | -€253 | -5.5% |
| Taxes, remuneration and social security | 45 | €16,813 | €23,478 | +€6,664 | +39.6% |
| Taxes | 450/3 | €16,813 | €23,478 | +€6,664 | +39.6% |
| Other amounts payable | 47/48 | €3,794 | €3,963 | +€169 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398 | €1,423 | +€1,025 | +257.8% |
| Other operating charges | 640/8 | €307 | €520 | +€212 | +69.1% |
| Gross operating margin | 9900 | €61,681 | €49,946 | -€11,735 | -19.0% |
| Operating profit (loss) | 9901 | €60,976 | €48,004 | -€12,972 | -21.3% |
| Financial income | 75/76B | €1,017 | €1,231 | +€214 | +21.0% |
| Recurring financial income | 75 | €1,017 | €1,231 | +€214 | +21.0% |
| Financial charges | 65/66B | €2,725 | €2,100 | -€626 | -23.0% |
| Recurring financial charges | 65 | €2,725 | €2,100 | -€626 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €59,268 | €47,135 | -€12,133 | -20.5% |
| Income taxes | 67/77 | €13,673 | €12,496 | -€1,177 | -8.6% |
| Profit (loss) for the period | 9904 | €45,595 | €34,639 | -€10,956 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,595 | €34,639 | -€10,956 | -24.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.