MOLENHOF PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts +€1.9m
up €1.9m (+96.4%), from €1.9m to €3.8m
- Cash +€152,949
up €152,949 (+11,464%), from €1,334 to €154,284
mainly Debts after one year (+€1.9m) and Trade debts (+€207,582)
- Receivables within one year +€50,096
up €50,096 (+356%), from €14,080 to €64,176
of which Trade receivables: +€57,561
- Debts after one year +€1.9m
new in 2025: €1.9m
- Trade debts +€207,582
up €207,582 (+40,924%), from €507 to €208,089
- Other debts -€115,985
down €115,985 (-7.5%), from €1.5m to €1.4m
- Accrued charges and deferred income +€47,652
new in 2025: €47,652
- Gross operating margin +€159,290
up €159,290, from -€28,252 to €131,037
- Financial charges +€102,513
up €102,513 (+433%), from €23,669 to €126,182
- Financial income +€12,904
up €12,904 (+67.7%), from €19,065 to €31,970
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 | €1,982,175 | €4,075,959 | +€2.1m | +106% |
| Current assets | 29/58 | €1,982,175 | €4,075,959 | +€2.1m | +106% |
| Stocks and contracts in progress | 3 | €1,943,451 | €3,817,867 | +€1.9m | +96.4% |
| Stocks | 30/36 | €1,943,451 | €3,817,867 | +€1.9m | +96.4% |
| Amounts receivable within one year | 40/41 | €14,080 | €64,176 | +€50,096 | +356% |
| Trade receivables | 40 | - | €57,561 | +€57,561 | |
| Other amounts receivable | 41 | €14,080 | €6,615 | -€7,465 | -53.0% |
| Cash at bank and in hand | 54/58 | €1,334 | €154,284 | +€152,949 | +11,464% |
| Deferred charges and accrued income | 490/1 | €23,310 | €39,632 | +€16,322 | +70.0% |
| Total equity and liabilities | 10/49 | €1,982,175 | €4,075,959 | +€2.1m | +106% |
| Equity | 10/15 | €441,668 | €477,965 | +€36,297 | +8.2% |
| Contributions | 10/11 | €506,200 | €506,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,532 | -€28,235 | +€36,297 | +56.2% |
| Amounts payable | 17/49 | €1,540,507 | €3,597,994 | +€2.1m | +134% |
| Amounts payable after more than one year | 17 | - | €1,918,238 | +€1.9m | |
| Financial debts | 170/4 | - | €1,918,238 | +€1.9m | |
| Amounts payable within one year | 42/48 | €1,540,507 | €1,632,104 | +€91,597 | +5.9% |
| Trade debts | 44 | €507 | €208,089 | +€207,582 | +40,924% |
| Suppliers | 440/4 | €507 | €208,089 | +€207,582 | +40,924% |
| Other amounts payable | 47/48 | €1,540,000 | €1,424,015 | -€115,985 | -7.5% |
| Accrued charges and deferred income | 492/3 | - | €47,652 | +€47,652 | |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€28,252 | €131,037 | +€159,290 | |
| Operating profit (loss) | 9901 | -€28,766 | €130,509 | +€159,275 | |
| Financial income | 75/76B | €19,065 | €31,970 | +€12,904 | +67.7% |
| Recurring financial income | 75 | €19,065 | €31,970 | +€12,904 | +67.7% |
| Financial charges | 65/66B | €23,669 | €126,182 | +€102,513 | +433% |
| Recurring financial charges | 65 | €23,669 | €126,182 | +€102,513 | +433% |
| Profit (loss) for the period before taxes | 9903 | -€33,370 | €36,297 | +€69,667 | |
| Profit (loss) for the period | 9904 | -€33,370 | €36,297 | +€69,667 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,370 | €36,297 | +€69,667 |
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 28 October 2026 via checked.be.