Moltke: 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.
Moltke
Largest movements
- Receivables within one year -€13,277
down €13,277 (-62.6%), from €21,203 to €7,926
of which Trade receivables: -€10,689
- Stocks and contracts +€3,546
up €3,546 (+5.9%), from €59,756 to €63,302
- Cash -€2,160
down €2,160 (-19.5%), from €11,101 to €8,941
mainly Net result for the year (-€12,266) and Stocks and contracts (-€3,546)
- Reserves -€12,266
down €12,266 (-23.9%), from €51,422 to €39,156
of which Distributable reserves: -€12,266
- Trade debts -€3,039
down €3,039 (-32.8%), from €9,252 to €6,213
- Other debts +€2,556
up €2,556 (+39.9%), from €6,407 to €8,963
- Gross operating margin -€44,886
down €44,886, from €34,414 to -€10,473
- Taxes -€6,888
down €6,888 (-94.2%), from €7,310 to €422
- Financial charges +€398
up €398 (+55.6%), from €716 to €1,114
- Other operating charges -€383
down €383 (-67.4%), from €569 to €186
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 | €92,991 | €80,936 | -€12,055 | -13.0% |
| Fixed assets | 21/28 | €735 | €655 | -€81 | -11.0% |
| Tangible fixed assets | 22/27 | €735 | €655 | -€81 | -11.0% |
| Plant, machinery and equipment | 23 | €735 | €655 | -€81 | -11.0% |
| Current assets | 29/58 | €92,256 | €80,282 | -€11,974 | -13.0% |
| Stocks and contracts in progress | 3 | €59,756 | €63,302 | +€3,546 | +5.9% |
| Stocks | 30/36 | €59,756 | €63,302 | +€3,546 | +5.9% |
| Amounts receivable within one year | 40/41 | €21,203 | €7,926 | -€13,277 | -62.6% |
| Trade receivables | 40 | €16,645 | €5,956 | -€10,689 | -64.2% |
| Other amounts receivable | 41 | €4,558 | €1,970 | -€2,589 | -56.8% |
| Cash at bank and in hand | 54/58 | €11,101 | €8,941 | -€2,160 | -19.5% |
| Deferred charges and accrued income | 490/1 | €195 | €113 | -€83 | -42.3% |
| Total equity and liabilities | 10/49 | €92,991 | €80,936 | -€12,055 | -13.0% |
| Equity | 10/15 | €70,022 | €57,756 | -€12,266 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,422 | €39,156 | -€12,266 | -23.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,562 | €37,296 | -€12,266 | -24.7% |
| Amounts payable | 17/49 | €22,969 | €23,181 | +€211 | +0.9% |
| Amounts payable within one year | 42/48 | €22,969 | €23,181 | +€211 | +0.9% |
| Trade debts | 44 | €9,252 | €6,213 | -€3,039 | -32.8% |
| Suppliers | 440/4 | €9,252 | €6,213 | -€3,039 | -32.8% |
| Taxes, remuneration and social security | 45 | €7,310 | €8,004 | +€694 | +9.5% |
| Taxes | 450/3 | €7,310 | €8,004 | +€694 | +9.5% |
| Other amounts payable | 47/48 | €6,407 | €8,963 | +€2,556 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €81 | +€7 | +9.9% |
| Other operating charges | 640/8 | €569 | €186 | -€383 | -67.4% |
| Non-recurring operating charges | 66A | €359 | - | -€359 | |
| Gross operating margin | 9900 | €34,414 | -€10,473 | -€44,886 | |
| Operating profit (loss) | 9901 | €33,412 | -€10,739 | -€44,152 | |
| Financial income | 75/76B | €91 | €10 | -€81 | -89.4% |
| Recurring financial income | 75 | €91 | €10 | -€81 | -89.4% |
| Financial charges | 65/66B | €716 | €1,114 | +€398 | +55.6% |
| Recurring financial charges | 65 | €716 | €1,114 | +€398 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €32,787 | -€11,844 | -€44,631 | |
| Income taxes | 67/77 | €7,310 | €422 | -€6,888 | -94.2% |
| Profit (loss) for the period | 9904 | €25,477 | -€12,266 | -€37,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,477 | -€12,266 | -€37,743 |
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 24 October 2026 via checked.be.