MOLOTOV: 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.
MOLOTOV
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€49,240
up €49,240 (+28.3%), from €174,214 to €223,454
- Debts after one year -€30,028
down €30,028 (-20.1%), from €149,547 to €119,519
- Current portion of long-term debt -€16,601
down €16,601 (-46.3%), from €35,854 to €19,253
- Profit (loss) carried forward -€9,705
down €9,705 (-1.5%), from -€630,116 to -€639,821
- Trade debts +€5,970
up €5,970 (+86.6%), from €6,891 to €12,861
- Gross operating margin +€17,359
up €17,359, from -€13,147 to €4,212
- Other operating charges +€1,213
up €1,213 (+313.4%), from €387 to €1,600
- Financial charges +€1,151
up €1,151 (+11.5%), from €10,050 to €11,201
- Taxes -€467
no longer reported in 2025 (was €467)
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 | €165,067 | €163,943 | -€1,124 | -0.7% |
| Formation expenses | 20 | €782 | €522 | -€260 | -33.2% |
| Fixed assets | 21/28 | €164,243 | €163,388 | -€855 | -0.5% |
| Tangible fixed assets | 22/27 | €164,072 | €163,217 | -€855 | -0.5% |
| Land and buildings | 22 | €162,362 | €162,362 | = | 0.0% |
| Furniture and vehicles | 24 | €1,710 | €855 | -€855 | -50.0% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €42 | €33 | -€9 | -21.4% |
| Cash at bank and in hand | 54/58 | €42 | €33 | -€9 | -21.4% |
| Total equity and liabilities | 10/49 | €165,067 | €163,943 | -€1,124 | -0.7% |
| Equity | 10/15 | -€248,046 | -€257,751 | -€9,705 | -3.9% |
| Contributions | 10/11 | €31,013 | €31,013 | = | 0.0% |
| Capital | 10 | €31,013 | €31,013 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Uncalled capital | 101 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €351,057 | €351,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €351,057 | €351,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€630,116 | -€639,821 | -€9,705 | -1.5% |
| Amounts payable | 17/49 | €413,113 | €421,694 | +€8,581 | +2.1% |
| Amounts payable after more than one year | 17 | €149,547 | €119,519 | -€30,028 | -20.1% |
| Financial debts | 170/4 | €149,547 | €119,519 | -€30,028 | -20.1% |
| Amounts payable within one year | 42/48 | €263,566 | €302,175 | +€38,609 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €35,854 | €19,253 | -€16,601 | -46.3% |
| Trade debts | 44 | €6,891 | €12,861 | +€5,970 | +86.6% |
| Suppliers | 440/4 | €6,891 | €12,861 | +€5,970 | +86.6% |
| Taxes, remuneration and social security | 45 | €46,607 | €46,607 | = | 0.0% |
| Taxes | 450/3 | €46,607 | €46,607 | = | 0.0% |
| Other amounts payable | 47/48 | €174,214 | €223,454 | +€49,240 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | €1,116 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €1,600 | +€1,213 | +313.4% |
| Gross operating margin | 9900 | -€13,147 | €4,212 | +€17,359 | |
| Operating profit (loss) | 9901 | -€14,650 | €1,496 | +€16,146 | |
| Financial charges | 65/66B | €10,050 | €11,201 | +€1,151 | +11.5% |
| Recurring financial charges | 65 | €10,050 | €11,201 | +€1,151 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,700 | -€9,705 | +€14,995 | +60.7% |
| Income taxes | 67/77 | €467 | - | -€467 | |
| Profit (loss) for the period | 9904 | -€25,167 | -€9,705 | +€15,462 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,167 | -€9,705 | +€15,462 | +61.4% |
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 5 October 2026 via checked.be.