MOLAR: what changed
Two fiscal 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.
MOLAR
Largest movements
- Receivables within one year -€139,864
down €139,864 (-39.0%), from €358,599 to €218,735
of which Trade receivables: -€145,280
- Deferred charges and accrued income +€92,769
up €92,769 (+19852.2%), from €467 to €93,237
- Stocks and contracts -€74,287
down €74,287 (-100.0%), from €74,287 to €0
- Cash -€19,298
down €19,298 (-10.2%), from €188,394 to €169,096
mainly Trade debts (-€97,359) and Deferred charges and accrued income (-€92,769)
- Trade debts -€97,359
down €97,359 (-71.2%), from €136,715 to €39,357
- Debts after one year +€30,000
new in 2025: €30,000
- Accrued charges and deferred income -€25,685
down €25,685 (-22.9%), from €112,059 to €86,375
- Short-term financial debts -€25,119
down €25,119 (-100.0%), from €25,119 to €0
- Other debts -€19,958
down €19,958 (-36.4%), from €54,811 to €34,853
- Gross operating margin +€53,312
up €53,312, from -€2,065 to €51,248
- Financial charges +€49,583
up €49,583 (+494.3%), from €10,031 to €59,615
- Financial income -€10,327
down €10,327 (-59.4%), from €17,394 to €7,067
- Taxes -€1,115
down €1,115 (-100.0%), from €1,115 to €0
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 | €632,540 | €489,153 | -€143,387 | -22.7% |
| Fixed assets | 21/28 | €10,792 | €8,085 | -€2,708 | -25.1% |
| Tangible fixed assets | 22/27 | €10,792 | €8,085 | -€2,708 | -25.1% |
| Furniture and vehicles | 24 | €2,570 | €952 | -€1,618 | -63.0% |
| Other tangible fixed assets | 26 | €8,222 | €7,133 | -€1,089 | -13.2% |
| Current assets | 29/58 | €621,747 | €481,068 | -€140,679 | -22.6% |
| Stocks and contracts in progress | 3 | €74,287 | €0 | -€74,287 | -100.0% |
| Contracts in progress | 37 | €74,287 | €0 | -€74,287 | -100.0% |
| Amounts receivable within one year | 40/41 | €358,599 | €218,735 | -€139,864 | -39.0% |
| Trade receivables | 40 | €357,500 | €212,220 | -€145,280 | -40.6% |
| Other amounts receivable | 41 | €1,099 | €6,516 | +€5,416 | +492.6% |
| Cash at bank and in hand | 54/58 | €188,394 | €169,096 | -€19,298 | -10.2% |
| Deferred charges and accrued income | 490/1 | €467 | €93,237 | +€92,769 | +19852.2% |
| Total equity and liabilities | 10/49 | €632,540 | €489,153 | -€143,387 | -22.7% |
| Equity | 10/15 | €302,720 | €298,569 | -€4,151 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,824 | €146,824 | = | 0.0% |
| Distributable reserves | 133 | €146,824 | €146,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,296 | €133,145 | -€4,151 | -3.0% |
| Amounts payable | 17/49 | €329,820 | €190,584 | -€139,236 | -42.2% |
| Amounts payable after more than one year | 17 | - | €30,000 | +€30,000 | |
| Financial debts | 170/4 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €217,761 | €74,209 | -€143,551 | -65.9% |
| Financial debts | 43 | €25,119 | €0 | -€25,119 | -100.0% |
| Other loans | 439 | €25,119 | €0 | -€25,119 | -100.0% |
| Trade debts | 44 | €136,715 | €39,357 | -€97,359 | -71.2% |
| Suppliers | 440/4 | €136,715 | €39,357 | -€97,359 | -71.2% |
| Taxes, remuneration and social security | 45 | €1,115 | €0 | -€1,115 | -100.0% |
| Taxes | 450/3 | €1,115 | €0 | -€1,115 | -100.0% |
| Other amounts payable | 47/48 | €54,811 | €34,853 | -€19,958 | -36.4% |
| Accrued charges and deferred income | 492/3 | €112,059 | €86,375 | -€25,685 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,781 | €2,142 | +€361 | +20.3% |
| Other operating charges | 640/8 | €941 | €709 | -€232 | -24.6% |
| Gross operating margin | 9900 | -€2,065 | €51,248 | +€53,312 | |
| Operating profit (loss) | 9901 | -€4,786 | €48,397 | +€53,183 | |
| Financial income | 75/76B | €17,394 | €7,067 | -€10,327 | -59.4% |
| Recurring financial income | 75 | €17,394 | €7,067 | -€10,327 | -59.4% |
| Financial charges | 65/66B | €10,031 | €59,615 | +€49,583 | +494.3% |
| Recurring financial charges | 65 | €10,031 | €59,615 | +€49,583 | +494.3% |
| Profit (loss) for the period before taxes | 9903 | €2,576 | -€4,151 | -€6,727 | |
| Income taxes | 67/77 | €1,115 | €0 | -€1,115 | -100.0% |
| Profit (loss) for the period | 9904 | €1,461 | -€4,151 | -€5,612 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,461 | -€4,151 | -€5,612 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.