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
- Cash -€27,324
down €27,324 (-62.8%), from €43,504 to €16,179
mainly Contributions, distributions and other (-€29,808) and Deferred charges and accrued income (-€19,748)
- Deferred charges and accrued income +€19,748
up €19,748 (+11,243%), from €176 to €19,924
- Profit (loss) carried forward -€45,497
no longer reported in 2025 (was €45,497)
- Other debts +€31,380
up €31,380 (+5,933%), from €529 to €31,908
- Reserves +€4,370
up €4,370 (+7.8%), from €55,706 to €60,076
- Tax, wage and social debts +€1,190
new in 2025: €1,190
- Gross operating margin -€70,077
down €70,077, from €60,112 to -€9,965
- Taxes -€9,759
down €9,759 (-98.6%), from €9,900 to €141
- Depreciation -€3,460
down €3,460 (-88.1%), from €3,928 to €468
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 | €107,425 | €98,694 | -€8,731 | -8.1% |
| Fixed assets | 21/28 | €747 | €178 | -€568 | -76.1% |
| Tangible fixed assets | 22/27 | €647 | €178 | -€468 | -72.4% |
| Furniture and vehicles | 24 | €647 | €178 | -€468 | -72.4% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €106,678 | €98,515 | -€8,163 | -7.7% |
| Amounts receivable within one year | 40/41 | €7,155 | €6,505 | -€650 | -9.1% |
| Trade receivables | 40 | €1,465 | €896 | -€569 | -38.8% |
| Other amounts receivable | 41 | €5,690 | €5,609 | -€82 | -1.4% |
| Current investments | 50/53 | €55,844 | €55,908 | +€64 | +0.1% |
| Cash at bank and in hand | 54/58 | €43,504 | €16,179 | -€27,324 | -62.8% |
| Deferred charges and accrued income | 490/1 | €176 | €19,924 | +€19,748 | +11,243% |
| Total equity and liabilities | 10/49 | €107,425 | €98,694 | -€8,731 | -8.1% |
| Equity | 10/15 | €106,203 | €65,076 | -€41,127 | -38.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,706 | €60,076 | +€4,370 | +7.8% |
| Distributable reserves | 133 | €55,706 | €60,076 | +€4,370 | +7.8% |
| Profit (loss) carried forward | 14 | €45,497 | - | -€45,497 | |
| Amounts payable | 17/49 | €1,222 | €33,618 | +€32,396 | +2,651% |
| Amounts payable within one year | 42/48 | €1,222 | €33,618 | +€32,396 | +2,651% |
| Trade debts | 44 | €693 | €520 | -€173 | -25.0% |
| Suppliers | 440/4 | €693 | €520 | -€173 | -25.0% |
| Taxes, remuneration and social security | 45 | - | €1,190 | +€1,190 | |
| Taxes | 450/3 | - | €1,190 | +€1,190 | |
| Other amounts payable | 47/48 | €529 | €31,908 | +€31,380 | +5,933% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,928 | €468 | -€3,460 | -88.1% |
| Other operating charges | 640/8 | €768 | €790 | +€22 | +2.9% |
| Gross operating margin | 9900 | €60,112 | -€9,965 | -€70,077 | |
| Operating profit (loss) | 9901 | €55,416 | -€11,223 | -€66,639 | |
| Financial income | 75/76B | €72 | €70 | -€3 | -3.8% |
| Recurring financial income | 75 | €72 | €70 | -€3 | -3.8% |
| Financial charges | 65/66B | €92 | €25 | -€67 | -72.8% |
| Recurring financial charges | 65 | €92 | €25 | -€67 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | €55,396 | -€11,179 | -€66,575 | |
| Income taxes | 67/77 | €9,900 | €141 | -€9,759 | -98.6% |
| Profit (loss) for the period | 9904 | €45,497 | -€11,319 | -€56,816 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,497 | -€11,319 | -€56,816 |
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 16 October 2026 via checked.be.