MOLENHOF: 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.
MOLENHOF
Largest movements
- Cash -€31,548
down €31,548 (-28.0%), from €112,469 to €80,922
mainly Other debts (-€68,555) and Contributions, distributions and other (-€46,441)
- Tangible fixed assets -€24,743
down €24,743 (-13.2%), from €187,673 to €162,930
of which Land and buildings: -€16,137
- Other debts -€68,555
down €68,555 (-91.0%), from €75,297 to €6,742
- Reserves +€30,731
up €30,731 (+17.7%), from €173,707 to €204,438
of which Distributable reserves: +€30,731
- Debts after one year -€9,102
down €9,102 (-100%), from €9,102 to €0
- Trade debts -€8,062
down €8,062 (-32.8%), from €24,575 to €16,513
- Gross operating margin +€53,273
up €53,273 (+26.6%), from €200,557 to €253,830
- Other operating charges +€13,962
up €13,962 (+157%), from €8,880 to €22,842
- Staff costs -€10,345
down €10,345 (-8.3%), from €125,208 to €114,863
- Depreciation -€7,660
down €7,660 (-28.7%), from €26,720 to €19,060
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 | €334,158 | €277,115 | -€57,043 | -17.1% |
| Fixed assets | 21/28 | €188,005 | €163,262 | -€24,743 | -13.2% |
| Tangible fixed assets | 22/27 | €187,673 | €162,930 | -€24,743 | -13.2% |
| Land and buildings | 22 | €167,016 | €150,879 | -€16,137 | -9.7% |
| Plant, machinery and equipment | 23 | €19,389 | €12,024 | -€7,366 | -38.0% |
| Furniture and vehicles | 24 | €1,268 | €27 | -€1,241 | -97.9% |
| Financial fixed assets | 28 | €332 | €332 | = | 0.0% |
| Current assets | 29/58 | €146,152 | €113,853 | -€32,300 | -22.1% |
| Stocks and contracts in progress | 3 | €7,836 | €7,700 | -€137 | -1.7% |
| Stocks | 30/36 | €7,836 | €7,700 | -€137 | -1.7% |
| Amounts receivable within one year | 40/41 | €24,754 | €24,138 | -€616 | -2.5% |
| Trade receivables | 40 | €24,113 | €22,406 | -€1,707 | -7.1% |
| Other amounts receivable | 41 | €641 | €1,732 | +€1,092 | +170% |
| Cash at bank and in hand | 54/58 | €112,469 | €80,922 | -€31,548 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,093 | €1,093 | = | 0.0% |
| Total equity and liabilities | 10/49 | €334,158 | €277,115 | -€57,043 | -17.1% |
| Equity | 10/15 | €176,707 | €207,438 | +€30,731 | +17.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €173,707 | €204,438 | +€30,731 | +17.7% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €173,707 | €204,438 | +€30,731 | +17.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €157,451 | €69,677 | -€87,774 | -55.7% |
| Amounts payable after more than one year | 17 | €9,102 | €0 | -€9,102 | -100% |
| Financial debts | 170/4 | €9,102 | €0 | -€9,102 | -100% |
| Amounts payable within one year | 42/48 | €148,349 | €69,677 | -€78,672 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €9,536 | €9,102 | -€434 | -4.6% |
| Trade debts | 44 | €24,575 | €16,513 | -€8,062 | -32.8% |
| Suppliers | 440/4 | €24,575 | €16,513 | -€8,062 | -32.8% |
| Taxes, remuneration and social security | 45 | €38,941 | €37,320 | -€1,621 | -4.2% |
| Taxes | 450/3 | €20,940 | €20,375 | -€565 | -2.7% |
| Remuneration and social security | 454/9 | €18,001 | €16,945 | -€1,056 | -5.9% |
| Other amounts payable | 47/48 | €75,297 | €6,742 | -€68,555 | -91.0% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €125,208 | €114,863 | -€10,345 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,720 | €19,060 | -€7,660 | -28.7% |
| Other operating charges | 640/8 | €8,880 | €22,842 | +€13,962 | +157% |
| Gross operating margin | 9900 | €200,557 | €253,830 | +€53,273 | +26.6% |
| Operating profit (loss) | 9901 | €39,749 | €97,065 | +€57,316 | +144% |
| Financial income | 75/76B | €2,446 | €1,346 | -€1,099 | -44.9% |
| Recurring financial income | 75 | €2,446 | €1,346 | -€1,099 | -44.9% |
| Financial charges | 65/66B | €3,042 | €1,987 | -€1,055 | -34.7% |
| Recurring financial charges | 65 | €3,042 | €1,987 | -€1,055 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €39,152 | €96,424 | +€57,272 | +146% |
| Income taxes | 67/77 | €19,286 | €19,251 | -€35 | -0.2% |
| Profit (loss) for the period | 9904 | €19,866 | €77,173 | +€57,306 | +288% |
| Transfer from tax-exempt reserves | 789 | €31,800 | €0 | -€31,800 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €51,666 | €77,173 | +€25,506 | +49.4% |
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 27 October 2026 via checked.be.