J.P. MOLINEAUX: what changed
What changed
J.P. MOLINEAUX
NACE 46.220, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€65,436
2024 · €62,642+€2,794
Equity
€257,128
2024 · €191,692+€65,436
Cash
€174,241
2024 · €218,421-€44,180
Balance sheet total
€908,706
2024 · €889,229+€19,476
Largest movements
Assets
- Receivables within one year +€86,470
up €86,470 (+20.5%), from €422,345 to €508,815
of which Trade receivables: +€89,762
- Cash -€44,180
down €44,180 (-20.2%), from €218,421 to €174,241
mainly Receivables within one year (-€86,470) and Trade debts (-€32,671)
- Tangible fixed assets -€19,193
down €19,193 (-15.4%), from €124,320 to €105,127
of which Furniture and vehicles: -€28,180
Equity and liabilities
- Reserves +€65,436
up €65,436 (+43.6%), from €150,045 to €215,481
of which Distributable reserves: +€65,436
- Trade debts -€32,671
down €32,671 (-15.1%), from €216,478 to €183,807
- Debts after one year -€25,887
down €25,887 (-9.5%), from €271,381 to €245,494
- Other debts +€15,919
up €15,919 (+15.0%), from €105,790 to €121,709
Income statement
- Gross operating margin +€3,562
up €3,562 (+1.7%), from €210,851 to €214,414
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€62,642
Gross operating margin
+€3,562
Staff costs
-€915
Depreciation
-€1,409
Write-downs
-€598
Other operating charges
-€1,062
Financial income
+€412
Financial charges
+€1,648
Taxes
+€1,155
Result 2025
€65,436
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€4,694
Investment
-€13,886
Financing
-€25,600
Cash 2024
€218,421
From operations (derived)
-€4,694
Net result for the year
+€65,436
Depreciation
+€32,673
Stocks and contracts
+€1,413
Receivables within one year
-€86,470
Deferred charges and accrued income
+€2,614
Trade debts
-€32,671
Tax, wage and social debts
-€3,607
Other debts
+€15,919
Investment (derived)
-€13,886
Investment in fixed assets (net)
-€13,480
Current investments
-€406
Financing
-€25,600
Debts after one year
-€25,887
Current portion of long-term debt
+€287
Cash 2025
€174,241
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €889,229 | €908,706 | +€19,476 | +2.2% |
| Fixed assets | 21/28 | €136,067 | €116,874 | -€19,193 | -14.1% |
| Tangible fixed assets | 22/27 | €124,320 | €105,127 | -€19,193 | -15.4% |
| Plant, machinery and equipment | 23 | €1,624 | €10,611 | +€8,987 | +553% |
| Furniture and vehicles | 24 | €122,696 | €94,516 | -€28,180 | -23.0% |
| Financial fixed assets | 28 | €11,747 | €11,747 | = | 0.0% |
| Current assets | 29/58 | €753,163 | €791,832 | +€38,669 | +5.1% |
| Stocks and contracts in progress | 3 | €7,401 | €5,988 | -€1,413 | -19.1% |
| Stocks | 30/36 | €7,401 | €5,988 | -€1,413 | -19.1% |
| Amounts receivable within one year | 40/41 | €422,345 | €508,815 | +€86,470 | +20.5% |
| Trade receivables | 40 | €409,380 | €499,141 | +€89,762 | +21.9% |
| Other amounts receivable | 41 | €12,965 | €9,673 | -€3,292 | -25.4% |
| Current investments | 50/53 | €101,079 | €101,485 | +€406 | +0.4% |
| Cash at bank and in hand | 54/58 | €218,421 | €174,241 | -€44,180 | -20.2% |
| Deferred charges and accrued income | 490/1 | €3,917 | €1,303 | -€2,614 | -66.7% |
| Total equity and liabilities | 10/49 | €889,229 | €908,706 | +€19,476 | +2.2% |
| Equity | 10/15 | €191,692 | €257,128 | +€65,436 | +34.1% |
| Contributions | 10/11 | €56,500 | €56,500 | = | 0.0% |
| Reserves | 13 | €150,045 | €215,481 | +€65,436 | +43.6% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €135,045 | €200,481 | +€65,436 | +48.5% |
| Profit (loss) carried forward | 14 | -€14,853 | -€14,853 | = | 0.0% |
| Amounts payable | 17/49 | €697,537 | €651,578 | -€45,959 | -6.6% |
| Amounts payable after more than one year | 17 | €271,381 | €245,494 | -€25,887 | -9.5% |
| Financial debts | 170/4 | €271,381 | €245,494 | -€25,887 | -9.5% |
| Amounts payable within one year | 42/48 | €426,156 | €406,084 | -€20,072 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €25,600 | €25,887 | +€287 | +1.1% |
| Trade debts | 44 | €216,478 | €183,807 | -€32,671 | -15.1% |
| Suppliers | 440/4 | €216,478 | €183,807 | -€32,671 | -15.1% |
| Taxes, remuneration and social security | 45 | €78,288 | €74,681 | -€3,607 | -4.6% |
| Taxes | 450/3 | €55,046 | €51,265 | -€3,781 | -6.9% |
| Remuneration and social security | 454/9 | €23,242 | €23,416 | +€174 | +0.7% |
| Other amounts payable | 47/48 | €105,790 | €121,709 | +€15,919 | +15.0% |
| Remuneration, social security and pensions | 62 | €77,148 | €78,063 | +€915 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,264 | €32,673 | +€1,409 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €598 | +€598 | |
| Other operating charges | 640/8 | €1,412 | €2,474 | +€1,062 | +75.2% |
| Gross operating margin | 9900 | €210,851 | €214,414 | +€3,562 | +1.7% |
| Operating profit (loss) | 9901 | €101,027 | €100,606 | -€421 | -0.4% |
| Financial income | 75/76B | €1,563 | €1,975 | +€412 | +26.3% |
| Recurring financial income | 75 | €1,563 | €1,975 | +€412 | +26.3% |
| Financial charges | 65/66B | €13,061 | €11,413 | -€1,648 | -12.6% |
| Recurring financial charges | 65 | €13,061 | €11,413 | -€1,648 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €89,529 | €91,168 | +€1,638 | +1.8% |
| Income taxes | 67/77 | €26,888 | €25,732 | -€1,155 | -4.3% |
| Profit (loss) for the period | 9904 | €62,642 | €65,436 | +€2,794 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,642 | €65,436 | +€2,794 | +4.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.