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 -€2,314
down €2,314 (-39.6%), from €5,845 to €3,531
- Cash -€1,903
down €1,903 (-55.2%), from €3,447 to €1,544
mainly Net result for the year (-€17,411) and Accrued charges and deferred income (-€5,602)
- Deferred charges and accrued income +€441
up €441 (+29.4%), from €1,501 to €1,942
- Trade debts +€19,580
up €19,580 (+213%), from €9,177 to €28,757
- Profit (loss) carried forward -€17,411
down €17,411 (-28.4%), from -€61,310 to -€78,721
- Accrued charges and deferred income -€5,602
no longer reported in 2025 (was €5,602)
- Other debts -€317
down €317 (-0.9%), from €36,092 to €35,775
- Financial income -€235,000
down €235,000 (-78.3%), from €300,000 to €65,000
of which Financial income: -€235,000
- Gross operating margin -€24,573
down €24,573 (-60.5%), from -€40,620 to -€65,193
- Staff costs -€4,507
down €4,507 (-73.3%), from €6,151 to €1,644
- Other operating charges -€2,276
down €2,276 (-15.0%), from €15,141 to €12,865
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 | €10,793 | €7,017 | -€3,776 | -35.0% |
| Fixed assets | 21/28 | €5,845 | €3,531 | -€2,314 | -39.6% |
| Tangible fixed assets | 22/27 | €5,845 | €3,531 | -€2,314 | -39.6% |
| Furniture and vehicles | 24 | €5,845 | €3,531 | -€2,314 | -39.6% |
| Current assets | 29/58 | €4,948 | €3,486 | -€1,462 | -29.5% |
| Cash at bank and in hand | 54/58 | €3,447 | €1,544 | -€1,903 | -55.2% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,942 | +€441 | +29.4% |
| Total equity and liabilities | 10/49 | €10,793 | €7,017 | -€3,776 | -35.0% |
| Equity | 10/15 | -€42,710 | -€60,121 | -€17,411 | -40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,310 | -€78,721 | -€17,411 | -28.4% |
| Amounts payable | 17/49 | €53,503 | €67,138 | +€13,635 | +25.5% |
| Amounts payable within one year | 42/48 | €47,901 | €67,138 | +€19,237 | +40.2% |
| Trade debts | 44 | €9,177 | €28,757 | +€19,580 | +213% |
| Suppliers | 440/4 | €9,177 | €28,757 | +€19,580 | +213% |
| Taxes, remuneration and social security | 45 | €2,632 | €2,606 | -€26 | -1.0% |
| Taxes | 450/3 | €2,632 | €2,606 | -€26 | -1.0% |
| Other amounts payable | 47/48 | €36,092 | €35,775 | -€317 | -0.9% |
| Accrued charges and deferred income | 492/3 | €5,602 | - | -€5,602 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €6,151 | €1,644 | -€4,507 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,314 | €2,314 | = | 0.0% |
| Other operating charges | 640/8 | €15,141 | €12,865 | -€2,276 | -15.0% |
| Gross operating margin | 9900 | -€40,620 | -€65,193 | -€24,573 | -60.5% |
| Operating profit (loss) | 9901 | -€64,226 | -€82,016 | -€17,790 | -27.7% |
| Financial income | 75/76B | €300,000 | €65,000 | -€235,000 | -78.3% |
| Recurring financial income | 75 | €300,000 | €65,000 | -€235,000 | -78.3% |
| Non-recurring financial income | 76B | €300,000 | €65,000 | -€235,000 | -78.3% |
| Financial charges | 65/66B | €441 | €395 | -€46 | -10.4% |
| Recurring financial charges | 65 | €441 | €395 | -€46 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €235,333 | -€17,411 | -€252,744 | |
| Profit (loss) for the period | 9904 | €235,333 | -€17,411 | -€252,744 | |
| Profit (loss) for the period to be appropriated | 9905 | €235,333 | -€17,411 | -€252,744 |
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 27 October 2026 via checked.be.