LE MOULIGNEAU: 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.
LE MOULIGNEAU
Largest movements
- Receivables within one year +€13,531
up €13,531 (+20.9%), from €64,872 to €78,403
of which Other amounts receivable: +€13,777
- Tangible fixed assets -€4,358
down €4,358 (-8.1%), from €53,966 to €49,608
of which Land and buildings: -€5,061
- Stocks and contracts -€4,248
down €4,248 (-45.3%), from €9,384 to €5,136
- Short-term financial debts +€12,500
up €12,500 (+40.3%), from €31,000 to €43,500
- Profit (loss) carried forward -€8,986
down €8,986 (-14.1%), from -€63,699 to -€72,685
- Trade debts +€3,383
up €3,383 (+21.4%), from €15,826 to €19,209
- Debts after one year -€2,320
no longer reported in 2025 (was €2,320)
- Tax, wage and social debts +€1,974
up €1,974 (+40.1%), from €4,923 to €6,897
of which Taxes: +€1,169
- Turnover -€5,727
down €5,727 (-1.9%), from €306,438 to €300,710
- Gross operating margin -€5,025
down €5,025 (-10.1%), from €49,781 to €44,756
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 | €147,665 | €153,447 | +€5,782 | +3.9% |
| Fixed assets | 21/28 | €54,160 | €49,802 | -€4,358 | -8.0% |
| Tangible fixed assets | 22/27 | €53,966 | €49,608 | -€4,358 | -8.1% |
| Land and buildings | 22 | €40,830 | €35,768 | -€5,061 | -12.4% |
| Plant, machinery and equipment | 23 | €9,085 | €7,784 | -€1,302 | -14.3% |
| Furniture and vehicles | 24 | €4,051 | €6,057 | +€2,006 | +49.5% |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €93,505 | €103,645 | +€10,140 | +10.8% |
| Stocks and contracts in progress | 3 | €9,384 | €5,136 | -€4,248 | -45.3% |
| Stocks | 30/36 | €9,384 | €5,136 | -€4,248 | -45.3% |
| Amounts receivable within one year | 40/41 | €64,872 | €78,403 | +€13,531 | +20.9% |
| Trade receivables | 40 | €247 | - | -€247 | |
| Other amounts receivable | 41 | €64,626 | €78,403 | +€13,777 | +21.3% |
| Cash at bank and in hand | 54/58 | €17,131 | €17,964 | +€833 | +4.9% |
| Deferred charges and accrued income | 490/1 | €2,118 | €2,142 | +€25 | +1.2% |
| Total equity and liabilities | 10/49 | €147,665 | €153,447 | +€5,782 | +3.9% |
| Equity | 10/15 | €90,301 | €81,315 | -€8,986 | -10.0% |
| Contributions | 10/11 | €154,000 | €154,000 | = | 0.0% |
| Capital | 10 | €154,000 | €154,000 | = | 0.0% |
| Issued capital | 100 | €154,000 | €154,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,699 | -€72,685 | -€8,986 | -14.1% |
| Amounts payable | 17/49 | €57,364 | €72,132 | +€14,768 | +25.7% |
| Amounts payable after more than one year | 17 | €2,320 | - | -€2,320 | |
| Financial debts | 170/4 | €2,320 | - | -€2,320 | |
| Amounts payable within one year | 42/48 | €54,735 | €71,926 | +€17,190 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €2,986 | €2,320 | -€666 | -22.3% |
| Financial debts | 43 | €31,000 | €43,500 | +€12,500 | +40.3% |
| Credit institutions | 430/8 | €31,000 | €43,500 | +€12,500 | +40.3% |
| Trade debts | 44 | €15,826 | €19,209 | +€3,383 | +21.4% |
| Suppliers | 440/4 | €15,826 | €19,209 | +€3,383 | +21.4% |
| Taxes, remuneration and social security | 45 | €4,923 | €6,897 | +€1,974 | +40.1% |
| Taxes | 450/3 | €700 | €1,869 | +€1,169 | +167% |
| Remuneration and social security | 454/9 | €4,223 | €5,028 | +€805 | +19.1% |
| Accrued charges and deferred income | 492/3 | €308 | €206 | -€102 | -33.1% |
| Turnover | 70 | €306,438 | €300,710 | -€5,727 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €256,656 | €255,954 | -€702 | -0.3% |
| Remuneration, social security and pensions | 62 | €34,206 | €35,356 | +€1,150 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,777 | €8,675 | -€102 | -1.2% |
| Other operating charges | 640/8 | €5,013 | €4,617 | -€396 | -7.9% |
| Gross operating margin | 9900 | €49,781 | €44,756 | -€5,025 | -10.1% |
| Operating profit (loss) | 9901 | €1,785 | -€3,891 | -€5,676 | |
| Financial charges | 65/66B | €4,008 | €5,035 | +€1,027 | +25.6% |
| Recurring financial charges | 65 | €4,008 | €5,035 | +€1,027 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,224 | -€8,927 | -€6,703 | -301% |
| Income taxes | 67/77 | €56 | €59 | +€3 | +6.1% |
| Profit (loss) for the period | 9904 | -€2,280 | -€8,986 | -€6,706 | -294% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,280 | -€8,986 | -€6,706 | -294% |
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 28 October 2026 via checked.be.