IMMO MOULINEAU: 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 MOULINEAU
Largest movements
- Tangible fixed assets -€20,655
down €20,655 (-3.0%), from €688,539 to €667,885
- Cash -€17,426
down €17,426 (-68.6%), from €25,400 to €7,973
mainly Other debts (-€16,181) and Debts after one year (-€15,911)
- Other debts -€16,181
down €16,181 (-4.4%), from €370,540 to €354,359
- Debts after one year -€15,911
down €15,911 (-5.3%), from €302,198 to €286,287
- Financial income -€5,165
down €5,165 (-94.6%), from €5,457 to €293
- Gross operating margin +€4,371
up €4,371 (+14.6%), from €29,912 to €34,283
- Financial charges +€1,144
up €1,144 (+15.8%), from €7,232 to €8,376
- Other operating charges +€577
up €577 (+137%), from €422 to €998
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 | €977,560 | €944,382 | -€33,178 | -3.4% |
| Formation expenses | 20 | €504 | €262 | -€242 | -48.0% |
| Fixed assets | 21/28 | €688,539 | €667,885 | -€20,655 | -3.0% |
| Tangible fixed assets | 22/27 | €688,539 | €667,885 | -€20,655 | -3.0% |
| Land and buildings | 22 | €688,539 | €667,885 | -€20,655 | -3.0% |
| Current assets | 29/58 | €288,517 | €276,236 | -€12,281 | -4.3% |
| Amounts receivable within one year | 40/41 | €1,022 | €16 | -€1,006 | -98.4% |
| Other amounts receivable | 41 | €1,022 | €16 | -€1,006 | -98.4% |
| Current investments | 50/53 | €262,096 | €268,247 | +€6,151 | +2.3% |
| Cash at bank and in hand | 54/58 | €25,400 | €7,973 | -€17,426 | -68.6% |
| Total equity and liabilities | 10/49 | €977,560 | €944,382 | -€33,178 | -3.4% |
| Equity | 10/15 | €289,700 | €287,748 | -€1,952 | -0.7% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,300 | -€62,252 | -€1,952 | -3.2% |
| Amounts payable | 17/49 | €687,860 | €656,634 | -€31,226 | -4.5% |
| Amounts payable after more than one year | 17 | €302,198 | €286,287 | -€15,911 | -5.3% |
| Financial debts | 170/4 | €302,198 | €286,287 | -€15,911 | -5.3% |
| Amounts payable within one year | 42/48 | €385,663 | €370,348 | -€15,315 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €13,813 | €14,114 | +€302 | +2.2% |
| Trade debts | 44 | €1,310 | €1,875 | +€565 | +43.1% |
| Suppliers | 440/4 | €1,310 | €1,875 | +€565 | +43.1% |
| Other amounts payable | 47/48 | €370,540 | €354,359 | -€16,181 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,048 | €27,153 | +€105 | +0.4% |
| Other operating charges | 640/8 | €422 | €998 | +€577 | +137% |
| Gross operating margin | 9900 | €29,912 | €34,283 | +€4,371 | +14.6% |
| Operating profit (loss) | 9901 | €2,442 | €6,131 | +€3,690 | +151% |
| Financial income | 75/76B | €5,457 | €293 | -€5,165 | -94.6% |
| Recurring financial income | 75 | €5,457 | €293 | -€5,165 | -94.6% |
| Financial charges | 65/66B | €7,232 | €8,376 | +€1,144 | +15.8% |
| Recurring financial charges | 65 | €7,232 | €8,376 | +€1,144 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €667 | -€1,952 | -€2,619 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €667 | -€1,952 | -€2,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €667 | -€1,952 | -€2,619 |
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 25 October 2026 via checked.be.