MOLENAERS: 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.
MOLENAERS
Largest movements
- Cash +€209,513
up €209,513 (+12.2%), from €1.7m to €1.9m
mainly Net result for the year (+€179,316) and Depreciation (+€29,130)
- Tangible fixed assets -€28,272
down €28,272 (-18.4%), from €153,360 to €125,088
of which Other tangible fixed assets: -€17,780
- Reserves +€179,316
up €179,316 (+8.2%), from €2.2m to €2.4m
of which Distributable reserves: +€179,316
- Gross operating margin -€38,216
down €38,216 (-11.6%), from €329,250 to €291,034
- Taxes -€14,852
down €14,852 (-15.9%), from €93,529 to €78,677
- Financial income -€6,603
down €6,603 (-47.1%), from €14,025 to €7,422
- Depreciation -€3,558
down €3,558 (-10.9%), from €32,688 to €29,130
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 | €2,317,567 | €2,504,504 | +€186,937 | +8.1% |
| Fixed assets | 21/28 | €153,360 | €125,088 | -€28,272 | -18.4% |
| Tangible fixed assets | 22/27 | €153,360 | €125,088 | -€28,272 | -18.4% |
| Plant, machinery and equipment | 23 | €12,400 | €4,600 | -€7,800 | -62.9% |
| Furniture and vehicles | 24 | €5,856 | €3,164 | -€2,692 | -46.0% |
| Other tangible fixed assets | 26 | €135,104 | €117,324 | -€17,780 | -13.2% |
| Current assets | 29/58 | €2,164,207 | €2,379,416 | +€215,209 | +9.9% |
| Stocks and contracts in progress | 3 | €145,322 | €137,215 | -€8,107 | -5.6% |
| Stocks | 30/36 | €145,322 | €137,215 | -€8,107 | -5.6% |
| Amounts receivable within one year | 40/41 | €4,762 | €17,077 | +€12,314 | +259% |
| Trade receivables | 40 | €520 | €301 | -€219 | -42.1% |
| Other amounts receivable | 41 | €4,243 | €16,776 | +€12,533 | +295% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,712,005 | €1,921,518 | +€209,513 | +12.2% |
| Deferred charges and accrued income | 490/1 | €2,118 | €3,606 | +€1,488 | +70.3% |
| Total equity and liabilities | 10/49 | €2,317,567 | €2,504,504 | +€186,937 | +8.1% |
| Equity | 10/15 | €2,195,083 | €2,374,399 | +€179,316 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,175,083 | €2,354,399 | +€179,316 | +8.2% |
| Tax-exempt reserves | 132 | €37,979 | €37,979 | = | 0.0% |
| Distributable reserves | 133 | €2,137,104 | €2,316,420 | +€179,316 | +8.4% |
| Amounts payable | 17/49 | €122,484 | €130,105 | +€7,621 | +6.2% |
| Amounts payable within one year | 42/48 | €118,689 | €125,588 | +€6,899 | +5.8% |
| Trade debts | 44 | €20,080 | €21,935 | +€1,855 | +9.2% |
| Suppliers | 440/4 | €20,080 | €21,935 | +€1,855 | +9.2% |
| Taxes, remuneration and social security | 45 | €9,950 | €10,025 | +€75 | +0.8% |
| Taxes | 450/3 | €9,950 | €10,025 | +€75 | +0.8% |
| Other amounts payable | 47/48 | €88,659 | €93,628 | +€4,969 | +5.6% |
| Accrued charges and deferred income | 492/3 | €3,795 | €4,517 | +€722 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,688 | €29,130 | -€3,558 | -10.9% |
| Other operating charges | 640/8 | €2,047 | €4,616 | +€2,569 | +126% |
| Gross operating margin | 9900 | €329,250 | €291,034 | -€38,216 | -11.6% |
| Operating profit (loss) | 9901 | €294,515 | €257,288 | -€37,227 | -12.6% |
| Financial income | 75/76B | €14,025 | €7,422 | -€6,603 | -47.1% |
| Recurring financial income | 75 | €14,025 | €7,422 | -€6,603 | -47.1% |
| Financial charges | 65/66B | €6,800 | €6,717 | -€83 | -1.2% |
| Recurring financial charges | 65 | €6,800 | €6,717 | -€83 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €301,739 | €257,992 | -€43,747 | -14.5% |
| Income taxes | 67/77 | €93,529 | €78,677 | -€14,852 | -15.9% |
| Profit (loss) for the period | 9904 | €208,210 | €179,316 | -€28,894 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €208,210 | €179,316 | -€28,894 | -13.9% |
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 27 October 2026 via checked.be.