MOLENBERG: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
What changed
MOLENBERG
NACE 66.110, Activities auxiliary to financial services and insurance activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€244,281
2024 · -€497,807+€253,525
Equity
-€2.0m
2024 · -€1.8m-€244,281
Cash
€159,278
2024 · €27,919+€131,359
Balance sheet total
€20.6m
2024 · €21.6m-€932,254
Largest movements
Assets
- Tangible fixed assets -€1.1m
down €1.1m (-5.2%), from €21.5m to €20.4m
of which Other tangible fixed assets: -€1.1m
Equity and liabilities
- Debts after one year -€900,000
down €900,000 (-9.7%), from €9.3m to €8.4m
- Profit (loss) carried forward -€244,281
down €244,281 (-12.9%), from -€1.9m to -€2.1m
Income statement
- Financial charges -€192,796
down €192,796 (-18.5%), from €1.0m to €850,499
- Gross operating margin +€60,990
up €60,990 (+3.7%), from €1.7m to €1.7m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€497,807
Gross operating margin
+€60,990
Other operating charges
-€261
Financial charges
+€192,796
Result 2025
-€244,281
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.0m
Investment
€0
Financing
-€900,000
Cash 2024
€27,919
From operations (derived)
+€1.0m
Net result for the year
-€244,281
Depreciation
+€1.1m
Receivables within one year
-€52,821
Trade debts
-€9,218
Tax, wage and social debts
+€290
Advances received
-€114,365
Other debts
+€204,346
Accrued charges and deferred income
+€130,973
Financing
-€900,000
Debts after one year
-€900,000
Cash 2025
€159,278
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,563,200 | €20,630,946 | -€932,254 | -4.3% |
| Fixed assets | 21/28 | €21,500,154 | €20,383,719 | -€1.1m | -5.2% |
| Tangible fixed assets | 22/27 | €21,500,154 | €20,383,719 | -€1.1m | -5.2% |
| Land and buildings | 22 | €3,522,455 | €3,467,909 | -€54,545 | -1.5% |
| Other tangible fixed assets | 26 | €17,977,699 | €16,915,810 | -€1.1m | -5.9% |
| Current assets | 29/58 | €63,046 | €247,227 | +€184,180 | +292% |
| Amounts receivable within one year | 40/41 | €35,128 | €87,949 | +€52,821 | +150% |
| Trade receivables | 40 | €35,128 | €86,489 | +€51,362 | +146% |
| Other amounts receivable | 41 | - | €1,459 | +€1,459 | |
| Cash at bank and in hand | 54/58 | €27,919 | €159,278 | +€131,359 | +471% |
| Total equity and liabilities | 10/49 | €21,563,200 | €20,630,946 | -€932,254 | -4.3% |
| Equity | 10/15 | -€1,777,148 | -€2,021,430 | -€244,281 | -13.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,887,148 | -€2,131,430 | -€244,281 | -12.9% |
| Amounts payable | 17/49 | €23,340,349 | €22,652,376 | -€687,973 | -2.9% |
| Amounts payable after more than one year | 17 | €9,300,000 | €8,400,000 | -€900,000 | -9.7% |
| Financial debts | 170/4 | €9,300,000 | €8,400,000 | -€900,000 | -9.7% |
| Amounts payable within one year | 42/48 | €14,040,349 | €14,121,402 | +€81,054 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €900,000 | €900,000 | = | 0.0% |
| Trade debts | 44 | €34,174 | €24,956 | -€9,218 | -27.0% |
| Suppliers | 440/4 | €34,174 | €24,956 | -€9,218 | -27.0% |
| Advances received on contracts in progress | 46 | €114,365 | - | -€114,365 | |
| Taxes, remuneration and social security | 45 | €2,230 | €2,520 | +€290 | +13.0% |
| Taxes | 450/3 | €2,230 | €2,520 | +€290 | +13.0% |
| Other amounts payable | 47/48 | €12,989,580 | €13,193,926 | +€204,346 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €130,973 | +€130,973 | |
| Non-recurring operating income | 76A | €148,750 | €135,450 | -€13,300 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116,435 | €1,116,435 | = | 0.0% |
| Other operating charges | 640/8 | €8,354 | €8,615 | +€261 | +3.1% |
| Gross operating margin | 9900 | €1,670,277 | €1,731,267 | +€60,990 | +3.7% |
| Operating profit (loss) | 9901 | €545,488 | €606,218 | +€60,729 | +11.1% |
| Financial charges | 65/66B | €1,043,295 | €850,499 | -€192,796 | -18.5% |
| Recurring financial charges | 65 | €1,043,295 | €850,499 | -€192,796 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€497,807 | -€244,281 | +€253,525 | +50.9% |
| Profit (loss) for the period | 9904 | -€497,807 | -€244,281 | +€253,525 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€497,807 | -€244,281 | +€253,525 | +50.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.