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
- Current investments +€81,733
up €81,733 (+29.7%), from €275,005 to €356,738
- Tangible fixed assets -€20,044
down €20,044 (-21.9%), from €91,715 to €71,671
of which Furniture and vehicles: -€18,749
- Cash -€17,362
down €17,362 (-17.7%), from €97,838 to €80,476
mainly Current investments (-€81,733) and Tax, wage and social debts (-€15,282)
- Receivables within one year +€7,438
up €7,438 (+243%), from €3,065 to €10,503
of which Other amounts receivable: +€5,965
- Reserves +€68,555
up €68,555 (+19.8%), from €347,085 to €415,641
- Tax, wage and social debts -€15,282
down €15,282 (-53.9%), from €28,359 to €13,077
of which Taxes: -€15,282
- Depreciation +€13,543
up €13,543 (+208%), from €6,501 to €20,044
- Write-downs +€10,339
no longer reported in 2025 (was -€10,339)
- Gross operating margin +€7,412
up €7,412 (+7.3%), from €102,229 to €109,641
- Other operating charges -€1,727
no longer reported in 2025 (was €1,727)
- Taxes -€1,133
down €1,133 (-3.4%), from €33,192 to €32,058
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 | €467,624 | €519,389 | +€51,765 | +11.1% |
| Fixed assets | 21/28 | €91,715 | €71,671 | -€20,044 | -21.9% |
| Tangible fixed assets | 22/27 | €91,715 | €71,671 | -€20,044 | -21.9% |
| Plant, machinery and equipment | 23 | €3,454 | €2,159 | -€1,295 | -37.5% |
| Furniture and vehicles | 24 | €88,261 | €69,512 | -€18,749 | -21.2% |
| Current assets | 29/58 | €375,909 | €447,718 | +€71,809 | +19.1% |
| Amounts receivable within one year | 40/41 | €3,065 | €10,503 | +€7,438 | +243% |
| Trade receivables | 40 | €3,065 | €4,538 | +€1,473 | +48.0% |
| Other amounts receivable | 41 | - | €5,965 | +€5,965 | |
| Current investments | 50/53 | €275,005 | €356,738 | +€81,733 | +29.7% |
| Cash at bank and in hand | 54/58 | €97,838 | €80,476 | -€17,362 | -17.7% |
| Total equity and liabilities | 10/49 | €467,624 | €519,389 | +€51,765 | +11.1% |
| Equity | 10/15 | €377,463 | €446,019 | +€68,555 | +18.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €347,085 | €415,641 | +€68,555 | +19.8% |
| Distributable reserves | 133 | €347,085 | €415,641 | +€68,555 | +19.8% |
| Profit (loss) carried forward | 14 | €17,978 | €17,978 | = | 0.0% |
| Amounts payable | 17/49 | €90,161 | €73,370 | -€16,791 | -18.6% |
| Amounts payable within one year | 42/48 | €90,161 | €71,870 | -€18,291 | -20.3% |
| Trade debts | 44 | €9,589 | €5,361 | -€4,228 | -44.1% |
| Suppliers | 440/4 | €9,589 | €5,361 | -€4,228 | -44.1% |
| Advances received on contracts in progress | 46 | €13,310 | €12,075 | -€1,235 | -9.3% |
| Taxes, remuneration and social security | 45 | €28,359 | €13,077 | -€15,282 | -53.9% |
| Taxes | 450/3 | €26,409 | €11,127 | -€15,282 | -57.9% |
| Remuneration and social security | 454/9 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 47/48 | €38,903 | €41,357 | +€2,454 | +6.3% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | €8,009 | - | -€8,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,501 | €20,044 | +€13,543 | +208% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,339 | - | +€10,339 | |
| Other operating charges | 640/8 | €1,727 | - | -€1,727 | |
| Gross operating margin | 9900 | €102,229 | €109,641 | +€7,412 | +7.3% |
| Operating profit (loss) | 9901 | €104,340 | €89,597 | -€14,743 | -14.1% |
| Financial income | 75/76B | €12,543 | €11,570 | -€972 | -7.8% |
| Recurring financial income | 75 | €12,543 | €9,978 | -€2,565 | -20.4% |
| Non-recurring financial income | 76B | - | €1,592 | +€1,592 | |
| Financial charges | 65/66B | €267 | €554 | +€286 | +107% |
| Recurring financial charges | 65 | €267 | €554 | +€286 | +107% |
| Profit (loss) for the period before taxes | 9903 | €116,616 | €100,614 | -€16,002 | -13.7% |
| Income taxes | 67/77 | €33,192 | €32,058 | -€1,133 | -3.4% |
| Profit (loss) for the period | 9904 | €83,424 | €68,555 | -€14,868 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,424 | €68,555 | -€14,868 | -17.8% |
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 23 October 2026 via checked.be.