MOLCOR: 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.
MOLCOR
Largest movements
- Receivables within one year -€250,434
down €250,434 (-51.3%), from €488,092 to €237,658
of which Trade receivables: -€173,976
- Cash -€205,438
down €205,438 (-89.7%), from €229,061 to €23,623
mainly Net result for the year (-€436,392) and Trade debts (-€358,529)
- Intangible fixed assets -€31,167
down €31,167 (-52.7%), from €59,089 to €27,922
- Stocks and contracts -€11,135
down €11,135 (-100.0%), from €11,135 to €0
- Profit (loss) carried forward -€436,392
down €436,392 (-243.1%), from -€179,510 to -€615,901
- Trade debts -€358,529
down €358,529 (-49.5%), from €724,505 to €365,976
- Other debts +€295,000
up €295,000 (+156.5%), from €188,503 to €483,503
- Gross operating margin -€453,497
down €453,497, from €108,322 to -€345,175
- Write-downs -€34,000
down €34,000 (-100.0%), from €34,000 to €0
- Financial charges +€11,306
up €11,306 (+77.2%), from €14,638 to €25,944
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 | €801,148 | €301,678 | -€499,470 | -62.3% |
| Fixed assets | 21/28 | €59,089 | €27,922 | -€31,167 | -52.7% |
| Intangible fixed assets | 21 | €59,089 | €27,922 | -€31,167 | -52.7% |
| Current assets | 29/58 | €742,059 | €273,756 | -€468,303 | -63.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €11,135 | €0 | -€11,135 | -100.0% |
| Stocks | 30/36 | €11,135 | €0 | -€11,135 | -100.0% |
| Amounts receivable within one year | 40/41 | €488,092 | €237,658 | -€250,434 | -51.3% |
| Trade receivables | 40 | €411,634 | €237,658 | -€173,976 | -42.3% |
| Other amounts receivable | 41 | €76,458 | €0 | -€76,458 | -100.0% |
| Cash at bank and in hand | 54/58 | €229,061 | €23,623 | -€205,438 | -89.7% |
| Deferred charges and accrued income | 490/1 | €13,771 | €12,475 | -€1,296 | -9.4% |
| Total equity and liabilities | 10/49 | €801,148 | €301,678 | -€499,470 | -62.3% |
| Equity | 10/15 | -€111,860 | -€548,251 | -€436,392 | -390.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,510 | -€615,901 | -€436,392 | -243.1% |
| Amounts payable | 17/49 | €913,008 | €849,929 | -€63,079 | -6.9% |
| Amounts payable within one year | 42/48 | €913,008 | €849,929 | -€63,079 | -6.9% |
| Trade debts | 44 | €724,505 | €365,976 | -€358,529 | -49.5% |
| Suppliers | 440/4 | €724,505 | €365,976 | -€358,529 | -49.5% |
| Taxes, remuneration and social security | 45 | €0 | €451 | +€451 | |
| Taxes | 450/3 | €0 | €451 | +€451 | |
| Other amounts payable | 47/48 | €188,503 | €483,503 | +€295,000 | +156.5% |
| Non-recurring operating income | 76A | €69,285 | €9,265 | -€60,020 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,167 | €31,167 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,000 | €0 | -€34,000 | -100.0% |
| Other operating charges | 640/8 | €32,514 | €34,106 | +€1,592 | +4.9% |
| Non-recurring operating charges | 66A | €7,594 | €0 | -€7,594 | -100.0% |
| Gross operating margin | 9900 | €108,322 | -€345,175 | -€453,497 | |
| Operating profit (loss) | 9901 | €3,046 | -€410,448 | -€413,494 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €14,638 | €25,944 | +€11,306 | +77.2% |
| Recurring financial charges | 65 | €14,638 | €25,944 | +€11,306 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,592 | -€436,392 | -€424,800 | -3664.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,592 | -€436,392 | -€424,800 | -3664.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,592 | -€436,392 | -€424,800 | -3664.7% |
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 30 September 2026 via checked.be.