MOLENBORRE: 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.
MOLENBORRE
Largest movements
- Current investments +€22,805
up €22,805 (+14.4%), from €158,837 to €181,642
- Tangible fixed assets -€21,841
down €21,841 (-3.6%), from €606,965 to €585,125
of which Land and buildings: -€20,902
- Reserves +€17,500
up €17,500 (+9.6%), from €181,500 to €199,000
of which Distributable reserves: +€17,500
- Debts after one year -€11,082
down €11,082 (-10.0%), from €111,082 to €100,000
of which Other amounts payable: -€11,082
- Profit (loss) carried forward +€8,471
up €8,471, from -€8,113 to €358
- Current portion of long-term debt -€8,033
down €8,033 (-12.2%), from €65,688 to €57,655
- Financial income +€8,854
up €8,854 (+42.8%), from €20,698 to €29,552
- Gross operating margin -€8,052
down €8,052 (-24.6%), from €32,739 to €24,687
- Depreciation +€631
up €631 (+2.4%), from €26,168 to €26,798
- Taxes -€401
down €401 (-15.4%), from €2,601 to €2,200
- Financial charges -€399
down €399 (-17.6%), from €2,269 to €1,870
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 | €772,616 | €781,295 | +€8,679 | +1.1% |
| Fixed assets | 21/28 | €608,077 | €586,237 | -€21,841 | -3.6% |
| Tangible fixed assets | 22/27 | €606,965 | €585,125 | -€21,841 | -3.6% |
| Land and buildings | 22 | €600,786 | €579,885 | -€20,902 | -3.5% |
| Furniture and vehicles | 24 | €6,179 | €5,240 | -€939 | -15.2% |
| Financial fixed assets | 28 | €1,112 | €1,112 | = | 0.0% |
| Current assets | 29/58 | €164,538 | €195,058 | +€30,520 | +18.5% |
| Amounts receivable after more than one year | 29 | €4,700 | €4,200 | -€500 | -10.6% |
| Other amounts receivable | 291 | €4,700 | €4,200 | -€500 | -10.6% |
| Amounts receivable within one year | 40/41 | - | €2,687 | +€2,687 | |
| Trade receivables | 40 | - | €687 | +€687 | |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Current investments | 50/53 | €158,837 | €181,642 | +€22,805 | +14.4% |
| Cash at bank and in hand | 54/58 | €1,002 | €6,529 | +€5,528 | +552% |
| Total equity and liabilities | 10/49 | €772,616 | €781,295 | +€8,679 | +1.1% |
| Equity | 10/15 | €595,387 | €621,358 | +€25,971 | +4.4% |
| Contributions | 10/11 | €422,000 | €422,000 | = | 0.0% |
| Capital | 10 | €422,000 | €422,000 | = | 0.0% |
| Issued capital | 100 | €422,000 | €422,000 | = | 0.0% |
| Reserves | 13 | €181,500 | €199,000 | +€17,500 | +9.6% |
| Non-distributable reserves | 130/1 | €42,200 | €42,200 | = | 0.0% |
| Legal reserve | 130 | €42,200 | €42,200 | = | 0.0% |
| Distributable reserves | 133 | €139,300 | €156,800 | +€17,500 | +12.6% |
| Profit (loss) carried forward | 14 | -€8,113 | €358 | +€8,471 | |
| Amounts payable | 17/49 | €177,229 | €159,937 | -€17,292 | -9.8% |
| Amounts payable after more than one year | 17 | €111,082 | €100,000 | -€11,082 | -10.0% |
| Trade debts | 175 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €81,082 | €70,000 | -€11,082 | -13.7% |
| Amounts payable within one year | 42/48 | €66,147 | €59,937 | -€6,210 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €65,688 | €57,655 | -€8,033 | -12.2% |
| Trade debts | 44 | €458 | €82 | -€377 | -82.1% |
| Suppliers | 440/4 | €458 | €82 | -€377 | -82.1% |
| Taxes, remuneration and social security | 45 | - | €2,200 | +€2,200 | |
| Taxes | 450/3 | - | €2,200 | +€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,168 | €26,798 | +€631 | +2.4% |
| Gross operating margin | 9900 | €32,739 | €24,687 | -€8,052 | -24.6% |
| Operating profit (loss) | 9901 | €6,572 | -€2,111 | -€8,683 | |
| Financial income | 75/76B | €20,698 | €29,552 | +€8,854 | +42.8% |
| Recurring financial income | 75 | €20,698 | €29,552 | +€8,854 | +42.8% |
| Financial charges | 65/66B | €2,269 | €1,870 | -€399 | -17.6% |
| Recurring financial charges | 65 | €2,269 | €1,870 | -€399 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €25,001 | €25,570 | +€570 | +2.3% |
| Income taxes | 67/77 | €2,601 | €2,200 | -€401 | -15.4% |
| Profit (loss) for the period | 9904 | €22,399 | €23,370 | +€971 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,399 | €23,370 | +€971 | +4.3% |
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 20 October 2026 via checked.be.