MOLENHOEVE: what changed
What changed
MOLENHOEVE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€20,017
31-12-2024 · -€18,455-€1,562
Equity
€1.2m
31-12-2024 · €510,218+€709,652
Cash
€103,959
31-12-2024 · €104,652-€693
Balance sheet total
€2.5m
31-12-2024 · €1.9m+€650,306
Largest movements
Assets
- Tangible fixed assets +€665,330
up €665,330 (+38.9%), from €1.7m to €2.4m
of which Land and buildings: +€664,551
Equity and liabilities
- Revaluation surpluses +€729,669
new in 2025: €729,669
- Debts after one year +€90,000
up €90,000 (+8.6%), from €1.0m to €1.1m
- Other debts -€81,630
down €81,630 (-88.1%), from €92,687 to €11,057
- Current portion of long-term debt -€58,298
no longer reported in 2025 (was €58,298)
- Reserves -€30,329
down €30,329 (-5.9%), from €513,634 to €483,305
of which Tax-exempt reserves: -€30,329
Income statement
- Depreciation +€5,317
up €5,317 (+5.7%), from €92,591 to €97,908
- Gross operating margin +€3,546
up €3,546 (+4.4%), from €79,802 to €83,348
Change in the result, 31-12-2024 to 31-12-2025
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 31-12-2024
-€18,455
Gross operating margin
+€3,546
Depreciation
-€5,317
Other operating charges
-€232
Financial charges
+€440
Result 31-12-2025
-€20,017
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1,174
Investment
-€763,238
Financing
+€761,372
Cash 31-12-2024
€104,652
From operations (derived)
+€1,174
Net result for the year
-€20,017
Depreciation
+€97,908
Receivables within one year
+€14,331
Provisions
-€7,582
Trade debts
-€1,837
Other debts
-€81,630
Investment (derived)
-€763,238
Investment in fixed assets (net)
-€763,238
Financing
+€761,372
Debts after one year
+€90,000
Current portion of long-term debt
-€58,298
Contributions, distributions and other
+€729,669
Cash 31-12-2025
€103,959
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,865,409 | €2,515,714 | +€650,306 | +34.9% |
| Fixed assets | 21/28 | €1,709,057 | €2,374,387 | +€665,330 | +38.9% |
| Tangible fixed assets | 22/27 | €1,709,057 | €2,374,387 | +€665,330 | +38.9% |
| Land and buildings | 22 | €1,708,414 | €2,372,965 | +€664,551 | +38.9% |
| Furniture and vehicles | 24 | €643 | €1,422 | +€779 | +121% |
| Current assets | 29/58 | €156,352 | €141,327 | -€15,024 | -9.6% |
| Amounts receivable within one year | 40/41 | €51,700 | €37,368 | -€14,331 | -27.7% |
| Trade receivables | 40 | €12,334 | - | -€12,334 | |
| Other amounts receivable | 41 | €39,366 | €37,368 | -€1,997 | -5.1% |
| Cash at bank and in hand | 54/58 | €104,652 | €103,959 | -€693 | -0.7% |
| Total equity and liabilities | 10/49 | €1,865,409 | €2,515,714 | +€650,306 | +34.9% |
| Equity | 10/15 | €510,218 | €1,219,871 | +€709,652 | +139% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Capital | 10 | €99,200 | €99,200 | = | 0.0% |
| Issued capital | 100 | €99,200 | €99,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €729,669 | +€729,669 | |
| Reserves | 13 | €513,634 | €483,305 | -€30,329 | -5.9% |
| Non-distributable reserves | 130/1 | €9,920 | €9,920 | = | 0.0% |
| Legal reserve | 130 | €9,920 | €9,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €412,805 | €382,476 | -€30,329 | -7.3% |
| Distributable reserves | 133 | €90,909 | €90,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,615 | -€92,304 | +€10,312 | +10.0% |
| Provisions and deferred taxes | 16 | €155,246 | €147,664 | -€7,582 | -4.9% |
| Deferred taxes | 168 | €155,246 | €147,664 | -€7,582 | -4.9% |
| Amounts payable | 17/49 | €1,199,944 | €1,148,180 | -€51,764 | -4.3% |
| Amounts payable after more than one year | 17 | €1,045,000 | €1,135,000 | +€90,000 | +8.6% |
| Financial debts | 170/4 | €1,045,000 | €1,135,000 | +€90,000 | +8.6% |
| Amounts payable within one year | 42/48 | €154,944 | €13,180 | -€141,764 | -91.5% |
| Current portion of amounts payable after more than one year | 42 | €58,298 | - | -€58,298 | |
| Trade debts | 44 | €3,959 | €2,122 | -€1,837 | -46.4% |
| Suppliers | 440/4 | €3,959 | €2,122 | -€1,837 | -46.4% |
| Other amounts payable | 47/48 | €92,687 | €11,057 | -€81,630 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,591 | €97,908 | +€5,317 | +5.7% |
| Other operating charges | 640/8 | €12,458 | €12,690 | +€232 | +1.9% |
| Gross operating margin | 9900 | €79,802 | €83,348 | +€3,546 | +4.4% |
| Operating profit (loss) | 9901 | -€25,247 | -€27,250 | -€2,002 | -7.9% |
| Financial charges | 65/66B | €790 | €350 | -€440 | -55.7% |
| Recurring financial charges | 65 | €790 | €350 | -€440 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,037 | -€27,599 | -€1,562 | -6.0% |
| Transfer from deferred taxes | 780 | €7,582 | €7,582 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€18,455 | -€20,017 | -€1,562 | -8.5% |
| Transfer from tax-exempt reserves | 789 | €30,329 | €30,329 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,874 | €10,312 | -€1,562 | -13.2% |
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Calculation and sources
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 2 November 2026 via checked.be.