MOLENBERG: 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.
MOLENBERG
Largest movements
- Tangible fixed assets -€84,820
down €84,820 (-14.5%), from €583,103 to €498,283
- Cash +€72,237
up €72,237 (+134%), from €53,770 to €126,007
mainly Depreciation (+€84,820) and Accrued charges and deferred income (+€1,469)
- Reserves -€9,206
down €9,206 (-8.8%), from €104,710 to €95,504
of which Tax-exempt reserves: -€9,206
- Gross operating margin +€12,751
up €12,751 (+18.7%), from €68,211 to €80,962
- Depreciation +€1,747
up €1,747 (+2.1%), from €83,073 to €84,820
- Other operating charges +€1,076
up €1,076 (+12.5%), from €8,574 to €9,650
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 | €636,873 | €624,290 | -€12,583 | -2.0% |
| Fixed assets | 21/28 | €583,103 | €498,283 | -€84,820 | -14.5% |
| Tangible fixed assets | 22/27 | €583,103 | €498,283 | -€84,820 | -14.5% |
| Land and buildings | 22 | €583,103 | €498,283 | -€84,820 | -14.5% |
| Current assets | 29/58 | €53,770 | €126,007 | +€72,237 | +134% |
| Cash at bank and in hand | 54/58 | €53,770 | €126,007 | +€72,237 | +134% |
| Total equity and liabilities | 10/49 | €636,873 | €624,290 | -€12,583 | -2.0% |
| Equity | 10/15 | €596,786 | €586,307 | -€10,479 | -1.8% |
| Contributions | 10/11 | €553,846 | €553,846 | = | 0.0% |
| Contributions outside capital | 11 | €553,846 | - | -€553,846 | |
| Other | 1109/19 | €553,846 | - | -€553,846 | |
| Reserves | 13 | €104,710 | €95,504 | -€9,206 | -8.8% |
| Tax-exempt reserves | 132 | €104,187 | €94,980 | -€9,206 | -8.8% |
| Distributable reserves | 133 | €524 | €524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,771 | -€63,043 | -€1,272 | -2.1% |
| Provisions and deferred taxes | 16 | €34,729 | €31,660 | -€3,069 | -8.8% |
| Deferred taxes | 168 | €34,729 | €31,660 | -€3,069 | -8.8% |
| Amounts payable | 17/49 | €5,359 | €6,323 | +€965 | +18.0% |
| Amounts payable within one year | 42/48 | €5,359 | €4,854 | -€505 | -9.4% |
| Trade debts | 44 | €738 | €222 | -€517 | -70.0% |
| Suppliers | 440/4 | €738 | €222 | -€517 | -70.0% |
| Other amounts payable | 47/48 | €4,621 | €4,632 | +€12 | +0.3% |
| Accrued charges and deferred income | 492/3 | - | €1,469 | +€1,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,073 | €84,820 | +€1,747 | +2.1% |
| Other operating charges | 640/8 | €8,574 | €9,650 | +€1,076 | +12.5% |
| Gross operating margin | 9900 | €68,211 | €80,962 | +€12,751 | +18.7% |
| Operating profit (loss) | 9901 | -€23,436 | -€13,508 | +€9,928 | +42.4% |
| Financial charges | 65/66B | €38 | €39 | +€2 | +4.0% |
| Recurring financial charges | 65 | €38 | €39 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,474 | -€13,547 | +€9,926 | +42.3% |
| Transfer from deferred taxes | 780 | €3,069 | €3,069 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€20,405 | -€10,479 | +€9,926 | +48.6% |
| Transfer from tax-exempt reserves | 789 | €9,206 | €9,206 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,198 | -€1,272 | +€9,926 | +88.6% |
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 19 October 2026 via checked.be.