MOLAAR: 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.
MOLAAR
Largest movements
- Tangible fixed assets -€79,295
down €79,295 (-7.7%), from €1.0m to €951,080
- Cash -€72,658
down €72,658 (-11.2%), from €647,550 to €574,892
mainly Contributions, distributions and other (-€482,389) and Other debts (-€152,449)
- Stocks and contracts +€35,143
new in 2025: €35,143
- Other debts -€152,449
down €152,449 (-67.3%), from €226,357 to €73,909
- Reserves +€39,413
up €39,413 (+8.2%), from €482,509 to €521,922
of which Distributable reserves: +€39,413
- Tax, wage and social debts -€35,112
down €35,112 (-32.3%), from €108,630 to €73,518
- Gross operating margin +€279,084
up €279,084 (+44.8%), from €623,367 to €902,451
- Taxes +€68,142
up €68,142 (+60.8%), from €112,000 to €180,142
- Depreciation +€16,915
up €16,915 (+26.5%), from €63,790 to €80,704
- Staff costs +€16,135
up €16,135 (+24.4%), from €66,023 to €82,158
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 | €1,677,926 | €1,561,115 | -€116,810 | -7.0% |
| Fixed assets | 21/28 | €1,030,376 | €951,080 | -€79,295 | -7.7% |
| Tangible fixed assets | 22/27 | €1,030,376 | €951,080 | -€79,295 | -7.7% |
| Land and buildings | 22 | €758,749 | €722,008 | -€36,741 | -4.8% |
| Plant, machinery and equipment | 23 | €184,761 | €159,642 | -€25,120 | -13.6% |
| Furniture and vehicles | 24 | €86,865 | €69,431 | -€17,434 | -20.1% |
| Current assets | 29/58 | €647,550 | €610,035 | -€37,515 | -5.8% |
| Stocks and contracts in progress | 3 | - | €35,143 | +€35,143 | |
| Stocks | 30/36 | - | €35,143 | +€35,143 | |
| Cash at bank and in hand | 54/58 | €647,550 | €574,892 | -€72,658 | -11.2% |
| Total equity and liabilities | 10/49 | €1,677,926 | €1,561,115 | -€116,810 | -7.0% |
| Equity | 10/15 | €483,709 | €523,122 | +€39,413 | +8.1% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €482,509 | €521,922 | +€39,413 | +8.2% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Reserves not available under the articles | 1311 | €120 | €120 | = | 0.0% |
| Distributable reserves | 133 | €482,389 | €521,802 | +€39,413 | +8.2% |
| Amounts payable | 17/49 | €1,194,217 | €1,037,994 | -€156,223 | -13.1% |
| Amounts payable after more than one year | 17 | €791,417 | €801,539 | +€10,122 | +1.3% |
| Financial debts | 170/4 | €791,417 | €801,539 | +€10,122 | +1.3% |
| Amounts payable within one year | 42/48 | €402,800 | €236,455 | -€166,345 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €60,053 | €70,390 | +€10,337 | +17.2% |
| Trade debts | 44 | €7,759 | €18,638 | +€10,879 | +140.2% |
| Suppliers | 440/4 | €7,759 | €18,638 | +€10,879 | +140.2% |
| Taxes, remuneration and social security | 45 | €108,630 | €73,518 | -€35,112 | -32.3% |
| Taxes | 450/3 | €108,630 | €73,518 | -€35,112 | -32.3% |
| Other amounts payable | 47/48 | €226,357 | €73,909 | -€152,449 | -67.3% |
| Remuneration, social security and pensions | 62 | €66,023 | €82,158 | +€16,135 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,790 | €80,704 | +€16,915 | +26.5% |
| Other operating charges | 640/8 | €2,112 | €1,867 | -€245 | -11.6% |
| Gross operating margin | 9900 | €623,367 | €902,451 | +€279,084 | +44.8% |
| Operating profit (loss) | 9901 | €491,442 | €737,722 | +€246,280 | +50.1% |
| Financial charges | 65/66B | €26,758 | €35,778 | +€9,020 | +33.7% |
| Recurring financial charges | 65 | €26,758 | €35,778 | +€9,020 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €464,685 | €701,944 | +€237,259 | +51.1% |
| Income taxes | 67/77 | €112,000 | €180,142 | +€68,142 | +60.8% |
| Profit (loss) for the period | 9904 | €352,685 | €521,802 | +€169,117 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €352,685 | €521,802 | +€169,117 | +48.0% |
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.