Molens Morreels: what changed
What changed
Molens Morreels
filed annual accounts (NBB)
Net result for the year
-€20,413
2024 · -€26,057+€5,644
Equity
€628,710
2024 · €649,123-€20,413
Cash
€86,992
2024 · €22,488+€64,505
Balance sheet total
€819,340
2024 · €851,305-€31,965
Largest movements
Assets
- Current investments -€70,000
down €70,000 (-46.7%), from €150,000 to €80,000
- Cash +€64,505
up €64,505 (+287%), from €22,488 to €86,992
mainly Current investments (+€70,000) and Depreciation (+€25,187)
- Tangible fixed assets -€25,187
down €25,187 (-4.1%), from €607,800 to €582,614
of which Land and buildings: -€24,545
Equity and liabilities
- Profit (loss) carried forward -€20,413
down €20,413 (-157%), from -€13,027 to -€33,440
- Debts after one year -€12,298
down €12,298 (-9.4%), from €131,010 to €118,712
Income statement
- Depreciation -€6,529
down €6,529 (-20.6%), from €31,716 to €25,187
- Gross operating margin +€3,211
up €3,211 (+38.6%), from €8,328 to €11,539
- Other operating charges +€2,119
up €2,119 (+40.6%), from €5,216 to €7,334
- Financial income -€1,199
down €1,199 (-20.4%), from €5,868 to €4,669
- Financial charges +€778
up €778 (+23.4%), from €3,321 to €4,099
Change in the result, 2024 to 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 2024
-€26,057
Gross operating margin
+€3,211
Depreciation
+€6,529
Other operating charges
-€2,119
Financial income
-€1,199
Financial charges
-€778
Result 2025
-€20,413
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,634
Investment
+€70,000
Financing
-€12,129
Cash 2024
€22,488
From operations (derived)
+€6,634
Net result for the year
-€20,413
Depreciation
+€25,187
Receivables within one year
+€324
Deferred charges and accrued income
+€959
Trade debts
+€958
Tax, wage and social debts
+€304
Other debts
+€736
Accrued charges and deferred income
-€1,420
Investment (derived)
+€70,000
Current investments
+€70,000
Financing
-€12,129
Debts after one year
-€12,298
Current portion of long-term debt
+€170
Cash 2025
€86,992
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €851,305 | €819,340 | -€31,965 | -3.8% |
| Fixed assets | 21/28 | €607,800 | €582,614 | -€25,187 | -4.1% |
| Tangible fixed assets | 22/27 | €607,800 | €582,614 | -€25,187 | -4.1% |
| Land and buildings | 22 | €607,149 | €582,604 | -€24,545 | -4.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €278 | €9 | -€269 | -96.7% |
| Other tangible fixed assets | 26 | €374 | €0 | -€374 | -100% |
| Current assets | 29/58 | €243,505 | €236,727 | -€6,778 | -2.8% |
| Amounts receivable within one year | 40/41 | €69,481 | €69,156 | -€324 | -0.5% |
| Trade receivables | 40 | €23,045 | €23,045 | = | 0.0% |
| Other amounts receivable | 41 | €46,436 | €46,111 | -€324 | -0.7% |
| Current investments | 50/53 | €150,000 | €80,000 | -€70,000 | -46.7% |
| Cash at bank and in hand | 54/58 | €22,488 | €86,992 | +€64,505 | +287% |
| Deferred charges and accrued income | 490/1 | €1,537 | €578 | -€959 | -62.4% |
| Total equity and liabilities | 10/49 | €851,305 | €819,340 | -€31,965 | -3.8% |
| Equity | 10/15 | €649,123 | €628,710 | -€20,413 | -3.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €599,650 | €599,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,250 | €10,250 | = | 0.0% |
| Legal reserve | 130 | €10,250 | €10,250 | = | 0.0% |
| Distributable reserves | 133 | €589,400 | €589,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,027 | -€33,440 | -€20,413 | -157% |
| Amounts payable | 17/49 | €202,182 | €190,630 | -€11,552 | -5.7% |
| Amounts payable after more than one year | 17 | €131,010 | €118,712 | -€12,298 | -9.4% |
| Financial debts | 170/4 | €131,010 | €118,712 | -€12,298 | -9.4% |
| Amounts payable within one year | 42/48 | €69,752 | €71,919 | +€2,166 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €12,129 | €12,298 | +€170 | +1.4% |
| Trade debts | 44 | €0 | €958 | +€958 | |
| Suppliers | 440/4 | €0 | €958 | +€958 | |
| Taxes, remuneration and social security | 45 | €0 | €304 | +€304 | |
| Taxes | 450/3 | €0 | €304 | +€304 | |
| Other amounts payable | 47/48 | €57,623 | €58,359 | +€736 | +1.3% |
| Accrued charges and deferred income | 492/3 | €1,420 | €0 | -€1,420 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,716 | €25,187 | -€6,529 | -20.6% |
| Other operating charges | 640/8 | €5,216 | €7,334 | +€2,119 | +40.6% |
| Gross operating margin | 9900 | €8,328 | €11,539 | +€3,211 | +38.6% |
| Operating profit (loss) | 9901 | -€28,603 | -€20,983 | +€7,620 | +26.6% |
| Financial income | 75/76B | €5,868 | €4,669 | -€1,199 | -20.4% |
| Recurring financial income | 75 | €5,868 | €4,669 | -€1,199 | -20.4% |
| Financial charges | 65/66B | €3,321 | €4,099 | +€778 | +23.4% |
| Recurring financial charges | 65 | €3,321 | €4,099 | +€778 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,057 | -€20,413 | +€5,644 | +21.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€26,057 | -€20,413 | +€5,644 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,057 | -€20,413 | +€5,644 | +21.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.