MOLENHEIDE: 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.
MOLENHEIDE
Largest movements
- Cash +€729,775
up €729,775 (+495%), from €147,387 to €877,162
mainly Stocks and contracts (+€652,247) and Tax, wage and social debts (+€517,844)
- Stocks and contracts -€652,247
no longer reported in 2025 (was €652,247)
- Tangible fixed assets -€539,093
down €539,093 (-25.8%), from €2.1m to €1.6m
- Receivables within one year -€39,883
down €39,883 (-74.8%), from €53,321 to €13,438
of which Other amounts receivable: -€43,370
- Debts after one year -€1.5m
no longer reported in 2025 (was €1.5m)
- Tax, wage and social debts +€517,844
up €517,844 (+5,904%), from €8,771 to €526,615
- Reserves +€414,840
up €414,840 (+32.1%), from €1.3m to €1.7m
of which Distributable reserves: +€414,840
- Other debts +€116,396
up €116,396 (+418%), from €27,874 to €144,270
- Trade debts -€30,528
down €30,528 (-92.9%), from €32,872 to €2,344
- Gross operating margin +€586,545
up €586,545 (+347%), from €169,224 to €755,769
- Taxes +€125,358
up €125,358 (+659%), from €19,032 to €144,390
- Financial charges +€101,412
up €101,412 (+290%), from €34,959 to €136,371
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 | €2,946,260 | €2,444,812 | -€501,448 | -17.0% |
| Fixed assets | 21/28 | €2,093,305 | €1,554,212 | -€539,093 | -25.8% |
| Tangible fixed assets | 22/27 | €2,093,305 | €1,554,212 | -€539,093 | -25.8% |
| Land and buildings | 22 | €2,093,305 | €1,554,212 | -€539,093 | -25.8% |
| Current assets | 29/58 | €852,955 | €890,600 | +€37,645 | +4.4% |
| Stocks and contracts in progress | 3 | €652,247 | - | -€652,247 | |
| Stocks | 30/36 | €652,247 | - | -€652,247 | |
| Amounts receivable within one year | 40/41 | €53,321 | €13,438 | -€39,883 | -74.8% |
| Trade receivables | 40 | €9,951 | €13,438 | +€3,487 | +35.0% |
| Other amounts receivable | 41 | €43,370 | - | -€43,370 | |
| Cash at bank and in hand | 54/58 | €147,387 | €877,162 | +€729,775 | +495% |
| Total equity and liabilities | 10/49 | €2,946,260 | €2,444,812 | -€501,448 | -17.0% |
| Equity | 10/15 | €1,356,743 | €1,771,583 | +€414,840 | +30.6% |
| Contributions | 10/11 | €65,692 | €65,692 | = | 0.0% |
| Capital | 10 | €65,692 | €65,692 | = | 0.0% |
| Issued capital | 100 | €65,692 | €65,692 | = | 0.0% |
| Reserves | 13 | €1,291,051 | €1,705,891 | +€414,840 | +32.1% |
| Non-distributable reserves | 130/1 | €6,569 | €6,569 | = | 0.0% |
| Legal reserve | 130 | €6,569 | €6,569 | = | 0.0% |
| Distributable reserves | 133 | €1,284,482 | €1,699,322 | +€414,840 | +32.3% |
| Amounts payable | 17/49 | €1,589,517 | €673,229 | -€916,288 | -57.6% |
| Amounts payable after more than one year | 17 | €1,520,000 | - | -€1.5m | |
| Other amounts payable | 178/9 | €1,520,000 | - | -€1.5m | |
| Amounts payable within one year | 42/48 | €69,517 | €673,229 | +€603,712 | +868% |
| Trade debts | 44 | €32,872 | €2,344 | -€30,528 | -92.9% |
| Suppliers | 440/4 | €32,872 | €2,344 | -€30,528 | -92.9% |
| Taxes, remuneration and social security | 45 | €8,771 | €526,615 | +€517,844 | +5,904% |
| Taxes | 450/3 | €8,771 | €526,615 | +€517,844 | +5,904% |
| Other amounts payable | 47/48 | €27,874 | €144,270 | +€116,396 | +418% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,296 | €39,690 | -€3,606 | -8.3% |
| Other operating charges | 640/8 | €22,766 | €23,510 | +€744 | +3.3% |
| Gross operating margin | 9900 | €169,224 | €755,769 | +€586,545 | +347% |
| Operating profit (loss) | 9901 | €103,162 | €692,569 | +€589,407 | +571% |
| Financial income | 75/76B | €8,743 | €3,032 | -€5,711 | -65.3% |
| Recurring financial income | 75 | €8,743 | €3,032 | -€5,711 | -65.3% |
| Financial charges | 65/66B | €34,959 | €136,371 | +€101,412 | +290% |
| Recurring financial charges | 65 | €34,959 | €136,371 | +€101,412 | +290% |
| Profit (loss) for the period before taxes | 9903 | €76,946 | €559,230 | +€482,284 | +627% |
| Income taxes | 67/77 | €19,032 | €144,390 | +€125,358 | +659% |
| Profit (loss) for the period | 9904 | €57,914 | €414,840 | +€356,926 | +616% |
| Profit (loss) for the period to be appropriated | 9905 | €57,914 | €414,840 | +€356,926 | +616% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.