MOLENBERGH: 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.
MOLENBERGH
Largest movements
- Tangible fixed assets -€3,183
down €3,183 (-4.2%), from €76,214 to €73,031
- Cash -€2,659
down €2,659 (-5.5%), from €48,313 to €45,654
mainly Contributions, distributions and other (-€29,100) and Other debts (-€333)
- Profit (loss) carried forward -€7,974
down €7,974 (-15.7%), from €50,711 to €42,737
- Trade debts +€1,366
up €1,366 (+64.3%), from €2,123 to €3,489
- Gross operating margin +€3,741
up €3,741 (+12.4%), from €30,080 to €33,821
- Depreciation -€1,509
down €1,509 (-32.2%), from €4,692 to €3,183
- Taxes +€1,300
up €1,300 (+22.4%), from €5,800 to €7,100
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 | €126,843 | €121,124 | -€5,719 | -4.5% |
| Fixed assets | 21/28 | €76,214 | €73,031 | -€3,183 | -4.2% |
| Tangible fixed assets | 22/27 | €76,214 | €73,031 | -€3,183 | -4.2% |
| Other tangible fixed assets | 26 | €76,214 | €73,031 | -€3,183 | -4.2% |
| Current assets | 29/58 | €50,629 | €48,093 | -€2,536 | -5.0% |
| Amounts receivable within one year | 40/41 | €2,316 | €2,439 | +€123 | +5.3% |
| Trade receivables | 40 | €1,437 | €1,481 | +€44 | +3.1% |
| Other amounts receivable | 41 | €879 | €958 | +€79 | +9.0% |
| Cash at bank and in hand | 54/58 | €48,313 | €45,654 | -€2,659 | -5.5% |
| Total equity and liabilities | 10/49 | €126,843 | €121,124 | -€5,719 | -4.5% |
| Equity | 10/15 | €118,361 | €110,387 | -€7,974 | -6.7% |
| 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 | €50,711 | €42,737 | -€7,974 | -15.7% |
| Amounts payable | 17/49 | €8,482 | €10,737 | +€2,255 | +26.6% |
| Amounts payable within one year | 42/48 | €6,508 | €8,690 | +€2,182 | +33.5% |
| Trade debts | 44 | €2,123 | €3,489 | +€1,366 | +64.3% |
| Suppliers | 440/4 | €2,123 | €3,489 | +€1,366 | +64.3% |
| Taxes, remuneration and social security | 45 | €3,006 | €4,155 | +€1,149 | +38.2% |
| Taxes | 450/3 | €3,006 | €4,155 | +€1,149 | +38.2% |
| Other amounts payable | 47/48 | €1,379 | €1,046 | -€333 | -24.1% |
| Accrued charges and deferred income | 492/3 | €1,974 | €2,047 | +€73 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,692 | €3,183 | -€1,509 | -32.2% |
| Other operating charges | 640/8 | €2,317 | €2,388 | +€71 | +3.1% |
| Gross operating margin | 9900 | €30,080 | €33,821 | +€3,741 | +12.4% |
| Operating profit (loss) | 9901 | €23,071 | €28,250 | +€5,179 | +22.4% |
| Financial charges | 65/66B | €25 | €24 | -€1 | -4.0% |
| Recurring financial charges | 65 | €25 | €24 | -€1 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €23,046 | €28,226 | +€5,180 | +22.5% |
| Income taxes | 67/77 | €5,800 | €7,100 | +€1,300 | +22.4% |
| Profit (loss) for the period | 9904 | €17,246 | €21,126 | +€3,880 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,246 | €21,126 | +€3,880 | +22.5% |
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 26 October 2026 via checked.be.