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
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€101,660
up €101,660 (+17.4%), from €583,185 to €684,845
- Profit (loss) carried forward -€85,249
down €85,249 (-1495.9%), from -€5,699 to -€90,948
- Trade debts -€19,084
down €19,084 (-62.1%), from €30,711 to €11,627
- Gross operating margin +€45,639
up €45,639, from -€621 to €45,018
- Staff costs +€15,359
up €15,359 (+20.0%), from €76,681 to €92,039
- Other operating charges +€9,487
up €9,487 (+187.7%), from €5,054 to €14,541
- Depreciation +€2,113
up €2,113 (+9.6%), from €22,007 to €24,120
- Taxes -€792
new in 2025: -€792
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.
Cash bridge derived
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 | €755,171 | €753,979 | -€1,193 | -0.2% |
| Fixed assets | 21/28 | €745,018 | €750,192 | +€5,174 | +0.7% |
| Tangible fixed assets | 22/27 | €745,018 | €750,192 | +€5,174 | +0.7% |
| Land and buildings | 22 | €605,232 | €605,719 | +€487 | +0.1% |
| Plant, machinery and equipment | 23 | €117,386 | €133,273 | +€15,887 | +13.5% |
| Other tangible fixed assets | 26 | €22,400 | €11,200 | -€11,200 | -50.0% |
| Current assets | 29/58 | €10,154 | €3,787 | -€6,367 | -62.7% |
| Amounts receivable within one year | 40/41 | €4,396 | €1,476 | -€2,920 | -66.4% |
| Trade receivables | 40 | €3,958 | €1,476 | -€2,482 | -62.7% |
| Other amounts receivable | 41 | €439 | - | -€439 | |
| Cash at bank and in hand | 54/58 | €2,171 | €811 | -€1,360 | -62.7% |
| Deferred charges and accrued income | 490/1 | €3,586 | €1,500 | -€2,086 | -58.2% |
| Total equity and liabilities | 10/49 | €755,171 | €753,979 | -€1,193 | -0.2% |
| Equity | 10/15 | €130,643 | €45,394 | -€85,249 | -65.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,699 | -€90,948 | -€85,249 | -1495.9% |
| Amounts payable | 17/49 | €624,529 | €708,585 | +€84,056 | +13.5% |
| Amounts payable within one year | 42/48 | €624,529 | €708,585 | +€84,056 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €600 | €600 | = | 0.0% |
| Trade debts | 44 | €30,711 | €11,627 | -€19,084 | -62.1% |
| Suppliers | 440/4 | €30,711 | €11,627 | -€19,084 | -62.1% |
| Taxes, remuneration and social security | 45 | €10,033 | €11,513 | +€1,480 | +14.8% |
| Taxes | 450/3 | €4,127 | €4,870 | +€743 | +18.0% |
| Remuneration and social security | 454/9 | €5,906 | €6,643 | +€737 | +12.5% |
| Other amounts payable | 47/48 | €583,185 | €684,845 | +€101,660 | +17.4% |
| Remuneration, social security and pensions | 62 | €76,681 | €92,039 | +€15,359 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,007 | €24,120 | +€2,113 | +9.6% |
| Other operating charges | 640/8 | €5,054 | €14,541 | +€9,487 | +187.7% |
| Gross operating margin | 9900 | -€621 | €45,018 | +€45,639 | |
| Operating profit (loss) | 9901 | -€104,363 | -€85,682 | +€18,681 | +17.9% |
| Financial income | 75/76B | €15 | €1 | -€15 | -96.7% |
| Recurring financial income | 75 | €15 | €1 | -€15 | -96.7% |
| Financial charges | 65/66B | €589 | €359 | -€229 | -38.9% |
| Recurring financial charges | 65 | €589 | €359 | -€229 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€104,936 | -€86,041 | +€18,895 | +18.0% |
| Income taxes | 67/77 | - | -€792 | -€792 | |
| Profit (loss) for the period | 9904 | -€104,936 | -€85,249 | +€19,687 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,936 | -€85,249 | +€19,687 | +18.8% |
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 12 October 2026 via checked.be.