LE 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.
LE MOULIN
Largest movements
- Tangible fixed assets -€4,168
down €4,168 (-1.7%), from €247,283 to €243,115
of which Plant, machinery and equipment: -€5,223
- Other debts -€13,767
down €13,767 (-71.0%), from €19,403 to €5,636
- Profit (loss) carried forward +€7,537
up €7,537 (+4.5%), from -€165,890 to -€158,353
- Other operating charges -€787
down €787 (-37.6%), from €2,095 to €1,308
- Financial charges +€662
up €662 (+202%), from €327 to €989
- Depreciation -€387
down €387 (-5.8%), from €6,665 to €6,278
- Gross operating margin +€276
up €276 (+1.7%), from €15,836 to €16,112
- Taxes -€175
no longer reported in 2025 (was €175)
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 | €254,678 | €249,471 | -€5,207 | -2.0% |
| Fixed assets | 21/28 | €247,283 | €243,115 | -€4,168 | -1.7% |
| Tangible fixed assets | 22/27 | €247,283 | €243,115 | -€4,168 | -1.7% |
| Land and buildings | 22 | €234,846 | €234,846 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,689 | €5,466 | -€5,223 | -48.9% |
| Furniture and vehicles | 24 | €1,748 | €2,803 | +€1,055 | +60.4% |
| Current assets | 29/58 | €7,395 | €6,356 | -€1,039 | -14.1% |
| Amounts receivable within one year | 40/41 | €705 | €704 | -€1 | -0.1% |
| Other amounts receivable | 41 | €705 | €704 | -€1 | -0.1% |
| Cash at bank and in hand | 54/58 | €6,690 | €5,414 | -€1,276 | -19.1% |
| Deferred charges and accrued income | 490/1 | - | €238 | +€238 | |
| Total equity and liabilities | 10/49 | €254,678 | €249,471 | -€5,207 | -2.0% |
| Equity | 10/15 | €224,570 | €232,107 | +€7,537 | +3.4% |
| Contributions | 10/11 | €388,600 | €388,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€165,890 | -€158,353 | +€7,537 | +4.5% |
| Amounts payable | 17/49 | €30,108 | €17,364 | -€12,744 | -42.3% |
| Amounts payable after more than one year | 17 | €750 | - | -€750 | |
| Financial debts | 170/4 | €750 | - | -€750 | |
| Amounts payable within one year | 42/48 | €29,283 | €17,364 | -€11,919 | -40.7% |
| Financial debts | 43 | - | €750 | +€750 | |
| Other loans | 439 | - | €750 | +€750 | |
| Trade debts | 44 | €2,902 | €2,603 | -€299 | -10.3% |
| Suppliers | 440/4 | €2,902 | €2,603 | -€299 | -10.3% |
| Advances received on contracts in progress | 46 | €6,705 | €6,869 | +€164 | +2.4% |
| Taxes, remuneration and social security | 45 | €273 | €1,506 | +€1,233 | +452% |
| Taxes | 450/3 | €273 | €1,506 | +€1,233 | +452% |
| Other amounts payable | 47/48 | €19,403 | €5,636 | -€13,767 | -71.0% |
| Accrued charges and deferred income | 492/3 | €75 | - | -€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,665 | €6,278 | -€387 | -5.8% |
| Other operating charges | 640/8 | €2,095 | €1,308 | -€787 | -37.6% |
| Gross operating margin | 9900 | €15,836 | €16,112 | +€276 | +1.7% |
| Operating profit (loss) | 9901 | €7,076 | €8,526 | +€1,450 | +20.5% |
| Financial charges | 65/66B | €327 | €989 | +€662 | +202% |
| Recurring financial charges | 65 | €327 | €989 | +€662 | +202% |
| Profit (loss) for the period before taxes | 9903 | €6,749 | €7,537 | +€788 | +11.7% |
| Income taxes | 67/77 | €175 | - | -€175 | |
| Profit (loss) for the period | 9904 | €6,574 | €7,537 | +€963 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,574 | €7,537 | +€963 | +14.6% |
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 17 October 2026 via checked.be.