Molines: 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.
What changed
Molines
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€56,914
2024 · €146,761-€203,675
Equity
-€267,044
2024 · -€210,130-€56,914
Cash
€45,991
2024 · €14,694+€31,297
Balance sheet total
€5.7m
2024 · €5.3m+€423,835
Largest movements
Assets
- Tangible fixed assets +€443,011
up €443,011 (+8.7%), from €5.1m to €5.5m
of which Land and buildings: +€3.9m
Equity and liabilities
- Debts after one year +€368,373
up €368,373 (+12.3%), from €3.0m to €3.4m
- Other debts +€280,903
up €280,903 (+14.5%), from €1.9m to €2.2m
- Trade debts -€212,073
down €212,073 (-60.3%), from €351,882 to €139,808
Income statement
- Gross operating margin -€185,606
down €185,606 (-70.6%), from €263,053 to €77,447
- Financial charges +€12,565
up €12,565 (+15.6%), from €80,512 to €93,077
- Depreciation +€7,332
up €7,332 (+34.5%), from €21,232 to €28,564
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.
Result 2024
€146,761
Gross operating margin
-€185,606
Depreciation
-€7,332
Other operating charges
+€1,828
Financial income
-€1
Financial charges
-€12,565
Result 2025
-€56,914
raises the resultlowers the result
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.
From operations
+€104,355
Investment
-€471,575
Financing
+€398,518
Cash 2024
€14,694
From operations (derived)
+€104,355
Net result for the year
-€56,914
Depreciation
+€28,564
Receivables within one year
+€51,456
Smaller working-capital items
-€265
Trade debts
-€212,073
Tax, wage and social debts
+€5,145
Other debts
+€280,903
Accrued charges and deferred income
+€7,538
Investment (derived)
-€471,575
Investment in fixed assets (net)
-€471,575
Financing
+€398,518
Debts after one year
+€368,373
Current portion of long-term debt
+€30,145
Cash 2025
€45,991
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,269,343 | €5,693,179 | +€423,835 | +8.0% |
| Fixed assets | 21/28 | €5,105,225 | €5,548,235 | +€443,011 | +8.7% |
| Tangible fixed assets | 22/27 | €5,094,275 | €5,537,285 | +€443,011 | +8.7% |
| Land and buildings | 22 | €1,586,656 | €5,534,854 | +€3.9m | +249% |
| Plant, machinery and equipment | 23 | - | €2,431 | +€2,431 | |
| Assets under construction and advance payments | 27 | €3,507,618 | €0 | -€3.5m | -100% |
| Financial fixed assets | 28 | €10,950 | €10,950 | = | 0.0% |
| Current assets | 29/58 | €164,119 | €144,943 | -€19,175 | -11.7% |
| Amounts receivable within one year | 40/41 | €148,181 | €96,725 | -€51,456 | -34.7% |
| Trade receivables | 40 | €133,643 | €89,735 | -€43,908 | -32.9% |
| Other amounts receivable | 41 | €14,538 | €6,990 | -€7,548 | -51.9% |
| Cash at bank and in hand | 54/58 | €14,694 | €45,991 | +€31,297 | +213% |
| Deferred charges and accrued income | 490/1 | €1,244 | €2,227 | +€983 | +79.1% |
| Total equity and liabilities | 10/49 | €5,269,343 | €5,693,179 | +€423,835 | +8.0% |
| Equity | 10/15 | -€210,130 | -€267,044 | -€56,914 | -27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,330 | -€273,244 | -€56,914 | -26.3% |
| Amounts payable | 17/49 | €5,479,473 | €5,960,222 | +€480,750 | +8.8% |
| Amounts payable after more than one year | 17 | €2,982,854 | €3,351,227 | +€368,373 | +12.3% |
| Financial debts | 170/4 | €2,982,854 | €3,351,227 | +€368,373 | +12.3% |
| Amounts payable within one year | 42/48 | €2,474,073 | €2,578,911 | +€104,838 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €180,285 | €210,430 | +€30,145 | +16.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €351,882 | €139,808 | -€212,073 | -60.3% |
| Suppliers | 440/4 | €351,882 | €139,808 | -€212,073 | -60.3% |
| Advances received on contracts in progress | 46 | - | €719 | +€719 | |
| Taxes, remuneration and social security | 45 | €1,516 | €6,661 | +€5,145 | +339% |
| Taxes | 450/3 | €1,516 | €6,661 | +€5,145 | +339% |
| Other amounts payable | 47/48 | €1,940,390 | €2,221,294 | +€280,903 | +14.5% |
| Accrued charges and deferred income | 492/3 | €22,546 | €30,084 | +€7,538 | +33.4% |
| Non-recurring operating income | 76A | - | €84,196 | +€84,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,232 | €28,564 | +€7,332 | +34.5% |
| Other operating charges | 640/8 | €14,548 | €12,720 | -€1,828 | -12.6% |
| Gross operating margin | 9900 | €263,053 | €77,447 | -€185,606 | -70.6% |
| Operating profit (loss) | 9901 | €227,273 | €36,163 | -€191,110 | -84.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €80,512 | €93,077 | +€12,565 | +15.6% |
| Recurring financial charges | 65 | €80,512 | €93,077 | +€12,565 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €146,761 | -€56,914 | -€203,675 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €146,761 | -€56,914 | -€203,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €146,761 | -€56,914 | -€203,675 |
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 14 October 2026 via checked.be.