MOLENHOEVE: what changed
Two fiscal 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.
MOLENHOEVE
Largest movements
- Cash -€631,837
down €631,837 (-45.2%), from €1.4m to €764,963
mainly Net result for the year (-€277,691) and Receivables within one year (-€244,372)
- Receivables within one year +€244,372
up €244,372 (+31.5%), from €775,358 to €1.0m
of which Other amounts receivable: +€250,200
- Tangible fixed assets -€115,806
down €115,806 (-6.7%), from €1.7m to €1.6m
of which Land and buildings: -€163,263
- Profit (loss) carried forward -€277,691
down €277,691 (-90.3%), from -€307,516 to -€585,207
- Other debts -€172,292
down €172,292 (-22.2%), from €775,201 to €602,909
- Current portion of long-term debt -€58,391
no longer reported in 2025 (was €58,391)
- Gross operating margin -€153,841
down €153,841, from €102,931 to -€50,910
- Other operating charges +€4,911
up €4,911 (+9.5%), from €51,477 to €56,388
- Financial charges -€4,792
down €4,792 (-80.1%), from €5,985 to €1,193
of which Financial charges: -€4,292
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.
Cash bridge derived
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 | €3,892,299 | €3,389,027 | -€503,271 | -12.9% |
| Fixed assets | 21/28 | €1,720,140 | €1,604,334 | -€115,806 | -6.7% |
| Tangible fixed assets | 22/27 | €1,720,140 | €1,604,334 | -€115,806 | -6.7% |
| Land and buildings | 22 | €1,675,576 | €1,512,313 | -€163,263 | -9.7% |
| Plant, machinery and equipment | 23 | €42,974 | €37,224 | -€5,750 | -13.4% |
| Furniture and vehicles | 24 | €1,591 | €1,402 | -€189 | -11.9% |
| Assets under construction and advance payments | 27 | - | €53,395 | +€53,395 | |
| Current assets | 29/58 | €2,172,158 | €1,784,693 | -€387,465 | -17.8% |
| Amounts receivable within one year | 40/41 | €775,358 | €1,019,730 | +€244,372 | +31.5% |
| Trade receivables | 40 | €11,358 | €5,530 | -€5,828 | -51.3% |
| Other amounts receivable | 41 | €764,000 | €1,014,200 | +€250,200 | +32.7% |
| Cash at bank and in hand | 54/58 | €1,396,801 | €764,963 | -€631,837 | -45.2% |
| Total equity and liabilities | 10/49 | €3,892,299 | €3,389,027 | -€503,271 | -12.9% |
| Equity | 10/15 | €3,015,558 | €2,737,866 | -€277,691 | -9.2% |
| Contributions | 10/11 | €1,127,172 | €1,127,172 | = | 0.0% |
| Capital | 10 | €1,127,172 | €1,127,172 | = | 0.0% |
| Issued capital | 100 | €1,127,172 | €1,127,172 | = | 0.0% |
| Reserves | 13 | €2,195,901 | €2,195,901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €112,717 | €112,717 | = | 0.0% |
| Legal reserve | 130 | €112,717 | €112,717 | = | 0.0% |
| Distributable reserves | 133 | €2,083,184 | €2,083,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€307,516 | -€585,207 | -€277,691 | -90.3% |
| Amounts payable | 17/49 | €876,741 | €651,161 | -€225,580 | -25.7% |
| Amounts payable within one year | 42/48 | €876,741 | €651,161 | -€225,580 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €58,391 | - | -€58,391 | |
| Trade debts | 44 | €18,590 | €23,191 | +€4,601 | +24.8% |
| Suppliers | 440/4 | €18,590 | €23,191 | +€4,601 | +24.8% |
| Advances received on contracts in progress | 46 | €24,560 | €25,061 | +€502 | +2.0% |
| Other amounts payable | 47/48 | €775,201 | €602,909 | -€172,292 | -22.2% |
| Non-recurring operating income | 76A | €120,459 | - | -€120,459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,962 | €169,201 | +€239 | +0.1% |
| Other operating charges | 640/8 | €51,477 | €56,388 | +€4,911 | +9.5% |
| Gross operating margin | 9900 | €102,931 | -€50,910 | -€153,841 | |
| Operating profit (loss) | 9901 | -€117,508 | -€276,499 | -€158,991 | -135.3% |
| Financial income | 75/76B | €23 | €1 | -€22 | -95.1% |
| Recurring financial income | 75 | €23 | €1 | -€22 | -95.1% |
| Financial charges | 65/66B | €5,985 | €1,193 | -€4,792 | -80.1% |
| Recurring financial charges | 65 | €5,485 | €1,193 | -€4,292 | -78.2% |
| Non-recurring financial charges | 66B | €500 | - | -€500 | |
| Profit (loss) for the period before taxes | 9903 | -€123,470 | -€277,691 | -€154,221 | -124.9% |
| Profit (loss) for the period | 9904 | -€123,470 | -€277,691 | -€154,221 | -124.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,470 | -€277,691 | -€154,221 | -124.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.