MOELANS, RACINE & C°: 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.
MOELANS, RACINE & C°
Largest movements
- Tangible fixed assets -€25,590
down €25,590 (-20.7%), from €123,646 to €98,056
of which Land and buildings: -€16,869
- Cash -€3,134
down €3,134 (-20.0%), from €15,678 to €12,544
mainly Debts after one year (-€20,691) and Contributions, distributions and other (-€12,000)
- Stocks and contracts -€1,550
down €1,550 (-13.1%), from €11,800 to €10,250
- Debts after one year -€20,691
down €20,691 (-29.7%), from €69,664 to €48,973
of which Financial debts: -€13,556
- Contributions -€12,000
down €12,000 (-10.0%), from €120,000 to €108,000
- Other debts +€8,934
up €8,934 (+15,403%), from €58 to €8,992
- Profit (loss) carried forward -€6,751
down €6,751 (-9.8%), from -€68,710 to -€75,461
- Current portion of long-term debt -€3,880
down €3,880 (-15.8%), from €24,571 to €20,691
- Gross operating margin -€6,056
down €6,056 (-13.8%), from €43,995 to €37,939
- Other operating charges +€788
up €788 (+41.0%), from €1,921 to €2,709
- Depreciation -€565
down €565 (-2.2%), from €26,155 to €25,590
- Financial charges -€550
down €550 (-10.1%), from €5,448 to €4,898
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 | €152,349 | €121,617 | -€30,732 | -20.2% |
| Fixed assets | 21/28 | €123,646 | €98,056 | -€25,590 | -20.7% |
| Tangible fixed assets | 22/27 | €123,646 | €98,056 | -€25,590 | -20.7% |
| Land and buildings | 22 | €90,242 | €73,373 | -€16,869 | -18.7% |
| Plant, machinery and equipment | 23 | €8,292 | €6,267 | -€2,025 | -24.4% |
| Furniture and vehicles | 24 | €25,112 | €18,416 | -€6,696 | -26.7% |
| Current assets | 29/58 | €28,703 | €23,561 | -€5,142 | -17.9% |
| Stocks and contracts in progress | 3 | €11,800 | €10,250 | -€1,550 | -13.1% |
| Stocks | 30/36 | €11,800 | €10,250 | -€1,550 | -13.1% |
| Amounts receivable within one year | 40/41 | €1,013 | €434 | -€579 | -57.2% |
| Trade receivables | 40 | €705 | €209 | -€496 | -70.4% |
| Other amounts receivable | 41 | €308 | €225 | -€83 | -26.9% |
| Cash at bank and in hand | 54/58 | €15,678 | €12,544 | -€3,134 | -20.0% |
| Deferred charges and accrued income | 490/1 | €212 | €333 | +€121 | +57.1% |
| Total equity and liabilities | 10/49 | €152,349 | €121,617 | -€30,732 | -20.2% |
| Equity | 10/15 | €51,290 | €32,539 | -€18,751 | -36.6% |
| Contributions | 10/11 | €120,000 | €108,000 | -€12,000 | -10.0% |
| Profit (loss) carried forward | 14 | -€68,710 | -€75,461 | -€6,751 | -9.8% |
| Amounts payable | 17/49 | €101,059 | €89,078 | -€11,981 | -11.9% |
| Amounts payable after more than one year | 17 | €69,664 | €48,973 | -€20,691 | -29.7% |
| Financial debts | 170/4 | €49,699 | €36,143 | -€13,556 | -27.3% |
| Trade debts | 175 | €19,965 | €12,830 | -€7,135 | -35.7% |
| Amounts payable within one year | 42/48 | €31,395 | €40,105 | +€8,710 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €24,571 | €20,691 | -€3,880 | -15.8% |
| Trade debts | 44 | €2,024 | €4,726 | +€2,702 | +133% |
| Suppliers | 440/4 | €2,024 | €4,726 | +€2,702 | +133% |
| Taxes, remuneration and social security | 45 | €4,742 | €5,696 | +€954 | +20.1% |
| Taxes | 450/3 | €3,391 | €4,293 | +€902 | +26.6% |
| Remuneration and social security | 454/9 | €1,351 | €1,403 | +€52 | +3.8% |
| Other amounts payable | 47/48 | €58 | €8,992 | +€8,934 | +15,403% |
| Remuneration, social security and pensions | 62 | €11,110 | €11,498 | +€388 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,155 | €25,590 | -€565 | -2.2% |
| Other operating charges | 640/8 | €1,921 | €2,709 | +€788 | +41.0% |
| Gross operating margin | 9900 | €43,995 | €37,939 | -€6,056 | -13.8% |
| Operating profit (loss) | 9901 | €4,809 | -€1,858 | -€6,667 | |
| Financial income | 75/76B | €5 | €5 | = | 0.0% |
| Recurring financial income | 75 | €5 | €5 | = | 0.0% |
| Financial charges | 65/66B | €5,448 | €4,898 | -€550 | -10.1% |
| Recurring financial charges | 65 | €5,448 | €4,898 | -€550 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€634 | -€6,751 | -€6,117 | -965% |
| Profit (loss) for the period | 9904 | -€634 | -€6,751 | -€6,117 | -965% |
| Profit (loss) for the period to be appropriated | 9905 | -€634 | -€6,751 | -€6,117 | -965% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.