MOL MANAGEMENT MAATSCHAPPIJ: 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.
What changed
MOL MANAGEMENT MAATSCHAPPIJ
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€15,565
2024 · €153,916-€169,481
Equity
€2.6m
2024 · €2.6m-€15,565
Cash
€276,331
2024 · €373,311-€96,980
Balance sheet total
€3.0m
2024 · €3.2m-€133,397
Largest movements
Assets
- Cash -€96,980
down €96,980 (-26.0%), from €373,311 to €276,331
mainly Other debts (-€60,000) and Debts after one year (-€48,593)
Equity and liabilities
- Other debts -€60,000
no longer reported in 2025 (was €60,000)
- Debts after one year -€48,593
down €48,593 (-12.8%), from €381,103 to €332,509
Income statement
- Financial income -€154,066
down €154,066 (-84.1%), from €183,094 to €29,028
- Gross operating margin -€18,107
down €18,107 (-33.1%), from €54,663 to €36,556
- Financial charges -€2,629
down €2,629 (-9.4%), from €27,967 to €25,338
- Depreciation +€1,730
up €1,730 (+4.0%), from €43,099 to €44,829
- Taxes -€1,506
down €1,506 (-15.1%), from €9,962 to €8,456
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.
Result 2024
€153,916
Gross operating margin
-€18,107
Depreciation
-€1,730
Other operating charges
+€287
Financial income
-€154,066
Financial charges
+€2,629
Taxes
+€1,506
Result 2025
-€15,565
raises the resultlowers the result
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.
From operations
-€28,304
Investment
-€21,970
Financing
-€46,707
Cash 2024
€373,311
From operations (derived)
-€28,304
Net result for the year
-€15,565
Depreciation
+€44,829
Receivables after one year
+€10,000
Receivables within one year
+€6,833
Deferred charges and accrued income
-€3,276
Trade debts
-€3,475
Tax, wage and social debts
-€7,651
Other debts
-€60,000
Investment (derived)
-€21,970
Investment in fixed assets (net)
-€21,970
Financing
-€46,707
Debts after one year
-€48,593
Current portion of long-term debt
+€1,887
Cash 2025
€276,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,162,226 | €3,028,829 | -€133,397 | -4.2% |
| Fixed assets | 21/28 | €2,715,370 | €2,692,511 | -€22,859 | -0.8% |
| Tangible fixed assets | 22/27 | €689,652 | €666,793 | -€22,859 | -3.3% |
| Land and buildings | 22 | €659,142 | €648,917 | -€10,225 | -1.6% |
| Furniture and vehicles | 24 | €27,852 | €15,667 | -€12,186 | -43.8% |
| Other tangible fixed assets | 26 | €2,657 | €2,209 | -€448 | -16.9% |
| Financial fixed assets | 28 | €2,025,718 | €2,025,718 | = | 0.0% |
| Current assets | 29/58 | €446,856 | €336,318 | -€110,538 | -24.7% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €54,528 | €47,694 | -€6,833 | -12.5% |
| Trade receivables | 40 | €11,343 | €5,750 | -€5,593 | -49.3% |
| Other amounts receivable | 41 | €43,185 | €41,944 | -€1,240 | -2.9% |
| Cash at bank and in hand | 54/58 | €373,311 | €276,331 | -€96,980 | -26.0% |
| Deferred charges and accrued income | 490/1 | €9,017 | €12,293 | +€3,276 | +36.3% |
| Total equity and liabilities | 10/49 | €3,162,226 | €3,028,829 | -€133,397 | -4.2% |
| Equity | 10/15 | €2,612,696 | €2,597,132 | -€15,565 | -0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,550,696 | €2,535,132 | -€15,565 | -0.6% |
| Non-distributable reserves | 130/1 | €6,481 | €6,481 | = | 0.0% |
| Legal reserve | 130 | €6,481 | €6,481 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,525,466 | €2,509,901 | -€15,565 | -0.6% |
| Provisions and deferred taxes | 16 | €18,038 | €18,038 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,038 | €18,038 | = | 0.0% |
| Other liabilities and charges | 164/5 | €18,038 | €18,038 | = | 0.0% |
| Amounts payable | 17/49 | €531,491 | €413,659 | -€117,832 | -22.2% |
| Amounts payable after more than one year | 17 | €381,103 | €332,509 | -€48,593 | -12.8% |
| Financial debts | 170/4 | €381,103 | €332,509 | -€48,593 | -12.8% |
| Amounts payable within one year | 42/48 | €150,389 | €81,150 | -€69,239 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €46,707 | €48,593 | +€1,887 | +4.0% |
| Trade debts | 44 | €19,044 | €15,570 | -€3,475 | -18.2% |
| Suppliers | 440/4 | €19,044 | €15,570 | -€3,475 | -18.2% |
| Taxes, remuneration and social security | 45 | €24,638 | €16,987 | -€7,651 | -31.1% |
| Taxes | 450/3 | €24,638 | €16,987 | -€7,651 | -31.1% |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Non-recurring operating income | 76A | €19,986 | - | -€19,986 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,099 | €44,829 | +€1,730 | +4.0% |
| Other operating charges | 640/8 | €2,813 | €2,526 | -€287 | -10.2% |
| Gross operating margin | 9900 | €54,663 | €36,556 | -€18,107 | -33.1% |
| Operating profit (loss) | 9901 | €8,751 | -€10,799 | -€19,550 | |
| Financial income | 75/76B | €183,094 | €29,028 | -€154,066 | -84.1% |
| Recurring financial income | 75 | €183,094 | €29,028 | -€154,066 | -84.1% |
| Financial charges | 65/66B | €27,967 | €25,338 | -€2,629 | -9.4% |
| Recurring financial charges | 65 | €27,967 | €25,338 | -€2,629 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €163,878 | -€7,109 | -€170,987 | |
| Income taxes | 67/77 | €9,962 | €8,456 | -€1,506 | -15.1% |
| Profit (loss) for the period | 9904 | €153,916 | -€15,565 | -€169,481 | |
| Profit (loss) for the period to be appropriated | 9905 | €153,916 | -€15,565 | -€169,481 |
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 25 October 2026 via checked.be.