DE MULDER: 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 MULDER
Largest movements
- Cash -€45,288
down €45,288 (-99.6%), from €45,473 to €185
mainly Receivables within one year (-€41,503) and Tax, wage and social debts (-€22,398)
- Receivables within one year +€41,503
up €41,503 (+13.6%), from €305,216 to €346,719
of which Other amounts receivable: +€42,280
- Tax, wage and social debts -€22,398
down €22,398 (-70.9%), from €31,609 to €9,211
- Reserves +€18,671
up €18,671 (+6.2%), from €302,024 to €320,695
- Gross operating margin -€82,092
down €82,092 (-83.5%), from €98,287 to €16,194
- Taxes -€25,590
down €25,590 (-68.9%), from €37,123 to €11,533
- Financial income +€3,146
up €3,146 (+20.0%), from €15,754 to €18,899
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 | €354,526 | €349,439 | -€5,087 | -1.4% |
| Fixed assets | 21/28 | €2,742 | €1,231 | -€1,511 | -55.1% |
| Tangible fixed assets | 22/27 | €2,742 | €1,231 | -€1,511 | -55.1% |
| Plant, machinery and equipment | 23 | €1,632 | €799 | -€833 | -51.0% |
| Furniture and vehicles | 24 | €1,110 | €432 | -€678 | -61.0% |
| Current assets | 29/58 | €351,784 | €348,208 | -€3,577 | -1.0% |
| Amounts receivable within one year | 40/41 | €305,216 | €346,719 | +€41,503 | +13.6% |
| Trade receivables | 40 | €1,287 | €510 | -€777 | -60.4% |
| Other amounts receivable | 41 | €303,930 | €346,210 | +€42,280 | +13.9% |
| Cash at bank and in hand | 54/58 | €45,473 | €185 | -€45,288 | -99.6% |
| Deferred charges and accrued income | 490/1 | €1,095 | €1,303 | +€209 | +19.1% |
| Total equity and liabilities | 10/49 | €354,526 | €349,439 | -€5,087 | -1.4% |
| Equity | 10/15 | €308,224 | €326,895 | +€18,671 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,024 | €320,695 | +€18,671 | +6.2% |
| Distributable reserves | 133 | €302,024 | €320,695 | +€18,671 | +6.2% |
| Amounts payable | 17/49 | €46,303 | €22,544 | -€23,759 | -51.3% |
| Amounts payable within one year | 42/48 | €46,303 | €22,544 | -€23,759 | -51.3% |
| Financial debts | 43 | €13,641 | €13,333 | -€308 | -2.3% |
| Credit institutions | 430/8 | €13,641 | €13,333 | -€308 | -2.3% |
| Trade debts | 44 | €1,052 | - | -€1,052 | |
| Suppliers | 440/4 | €1,052 | - | -€1,052 | |
| Taxes, remuneration and social security | 45 | €31,609 | €9,211 | -€22,398 | -70.9% |
| Taxes | 450/3 | €31,609 | €9,211 | -€22,398 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €1,511 | +€122 | +8.8% |
| Other operating charges | 640/8 | €1,798 | €1,674 | -€124 | -6.9% |
| Gross operating margin | 9900 | €98,287 | €16,194 | -€82,092 | -83.5% |
| Operating profit (loss) | 9901 | €95,100 | €13,010 | -€82,090 | -86.3% |
| Financial income | 75/76B | €15,754 | €18,899 | +€3,146 | +20.0% |
| Recurring financial income | 75 | €15,754 | €18,899 | +€3,146 | +20.0% |
| Financial charges | 65/66B | €2,013 | €1,705 | -€308 | -15.3% |
| Recurring financial charges | 65 | €2,013 | €1,705 | -€308 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €108,841 | €30,204 | -€78,636 | -72.2% |
| Income taxes | 67/77 | €37,123 | €11,533 | -€25,590 | -68.9% |
| Profit (loss) for the period | 9904 | €71,718 | €18,671 | -€53,047 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,718 | €18,671 | -€53,047 | -74.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.