IMMO MOULIN: 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.
IMMO MOULIN
Largest movements
- Tangible fixed assets -€44,739
down €44,739 (-4.8%), from €926,408 to €881,669
of which Land and buildings: -€44,491
- Debts after one year -€79,772
down €79,772 (-12.4%), from €641,134 to €561,363
- Profit (loss) carried forward +€34,199
up €34,199 (+35.7%), from €95,882 to €130,081
- Gross operating margin -€17,320
down €17,320 (-13.8%), from €125,747 to €108,428
- Taxes -€4,129
down €4,129 (-24.9%), from €16,587 to €12,458
- Financial charges -€2,816
down €2,816 (-14.2%), from €19,847 to €17,032
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 | €996,130 | €954,943 | -€41,187 | -4.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €933,863 | €889,124 | -€44,739 | -4.8% |
| Tangible fixed assets | 22/27 | €926,408 | €881,669 | -€44,739 | -4.8% |
| Land and buildings | 22 | €926,159 | €881,669 | -€44,491 | -4.8% |
| Furniture and vehicles | 24 | €248 | €0 | -€248 | -100% |
| Financial fixed assets | 28 | €7,455 | €7,455 | = | 0.0% |
| Current assets | 29/58 | €62,268 | €65,820 | +€3,552 | +5.7% |
| Amounts receivable within one year | 40/41 | €57,627 | €59,086 | +€1,459 | +2.5% |
| Trade receivables | 40 | €4,520 | €0 | -€4,520 | -100% |
| Other amounts receivable | 41 | €53,107 | €59,086 | +€5,979 | +11.3% |
| Cash at bank and in hand | 54/58 | €4,641 | €6,734 | +€2,093 | +45.1% |
| Total equity and liabilities | 10/49 | €996,130 | €954,943 | -€41,187 | -4.1% |
| Equity | 10/15 | €115,882 | €150,081 | +€34,199 | +29.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,882 | €130,081 | +€34,199 | +35.7% |
| Amounts payable | 17/49 | €880,248 | €804,862 | -€75,386 | -8.6% |
| Amounts payable after more than one year | 17 | €641,134 | €561,363 | -€79,772 | -12.4% |
| Financial debts | 170/4 | €641,134 | €561,363 | -€79,772 | -12.4% |
| Amounts payable within one year | 42/48 | €235,168 | €239,635 | +€4,467 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €77,993 | €79,772 | +€1,779 | +2.3% |
| Trade debts | 44 | €3,548 | €214 | -€3,334 | -94.0% |
| Suppliers | 440/4 | €3,548 | €214 | -€3,334 | -94.0% |
| Taxes, remuneration and social security | 45 | €19,286 | €29,037 | +€9,750 | +50.6% |
| Taxes | 450/3 | €19,286 | €29,037 | +€9,750 | +50.6% |
| Other amounts payable | 47/48 | €134,341 | €130,612 | -€3,728 | -2.8% |
| Accrued charges and deferred income | 492/3 | €3,945 | €3,865 | -€80 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,900 | €44,739 | -€161 | -0.4% |
| Other operating charges | 640/8 | €129 | - | -€129 | |
| Gross operating margin | 9900 | €125,747 | €108,428 | -€17,320 | -13.8% |
| Operating profit (loss) | 9901 | €80,718 | €63,689 | -€17,029 | -21.1% |
| Financial charges | 65/66B | €19,847 | €17,032 | -€2,816 | -14.2% |
| Recurring financial charges | 65 | €19,847 | €17,032 | -€2,816 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €60,870 | €46,657 | -€14,213 | -23.4% |
| Income taxes | 67/77 | €16,587 | €12,458 | -€4,129 | -24.9% |
| Profit (loss) for the period | 9904 | €44,283 | €34,199 | -€10,084 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,283 | €34,199 | -€10,084 | -22.8% |
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 23 October 2026 via checked.be.