MOUL'APPETIT: 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
MOUL'APPETIT
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,356
2024 · €2,789-€7,145
Equity
€889,423
2024 · €898,644-€9,221
Cash
€145,829
2024 · €124,118+€21,711
Balance sheet total
€2.5m
2024 · €2.1m+€354,406
Largest movements
Assets
- Receivables within one year +€367,140
up €367,140 (+73.3%), from €500,644 to €867,784
of which Other amounts receivable: +€303,622
- Tangible fixed assets -€47,561
down €47,561 (-3.8%), from €1.3m to €1.2m
of which Land and buildings: -€80,358
- Stocks and contracts +€38,732
up €38,732 (+28.0%), from €138,396 to €177,128
Equity and liabilities
- Debts after one year +€236,740
up €236,740 (+35.9%), from €660,210 to €896,950
- Trade debts +€101,415
up €101,415 (+30.0%), from €338,380 to €439,796
Income statement
- Purchases and services +€826,196
up €826,196 (+26.2%), from €3.2m to €4.0m
- Turnover +€766,152
up €766,152 (+18.5%), from €4.1m to €4.9m
- Gross operating margin -€76,040
down €76,040 (-7.2%), from €1.1m to €977,490
- Staff costs -€71,682
down €71,682 (-8.8%), from €810,782 to €739,100
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
€2,789
Gross operating margin
-€76,040
Staff costs
+€71,682
Depreciation
-€18,361
Write-downs
+€4,665
Other operating charges
-€6,351
Financial income
-€6,001
Financial charges
+€24,621
Taxes
-€1,361
Result 2025
-€4,356
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
-€110,349
Investment
-€114,195
Financing
+€246,256
Cash 2024
€124,118
From operations (derived)
-€110,349
Net result for the year
-€4,356
Depreciation
+€186,500
Stocks and contracts
-€38,732
Receivables within one year
-€367,140
Deferred charges and accrued income
+€872
Trade debts
+€101,415
Tax, wage and social debts
+€11,092
Investment (derived)
-€114,195
Investment in fixed assets (net)
-€114,195
Financing
+€246,256
Debts after one year
+€236,740
Current portion of long-term debt
+€14,381
Contributions, distributions and other
-€4,865
Cash 2025
€145,829
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,148,503 | €2,502,909 | +€354,406 | +16.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,363,866 | €1,291,561 | -€72,305 | -5.3% |
| Intangible fixed assets | 21 | €111,674 | €86,930 | -€24,744 | -22.2% |
| Tangible fixed assets | 22/27 | €1,251,511 | €1,203,950 | -€47,561 | -3.8% |
| Land and buildings | 22 | €1,014,699 | €934,341 | -€80,358 | -7.9% |
| Plant, machinery and equipment | 23 | €43,303 | €44,321 | +€1,017 | +2.3% |
| Furniture and vehicles | 24 | €193,509 | €176,655 | -€16,854 | -8.7% |
| Leasing and similar rights | 25 | €0 | €48,634 | +€48,634 | |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €784,637 | €1,211,348 | +€426,711 | +54.4% |
| Stocks and contracts in progress | 3 | €138,396 | €177,128 | +€38,732 | +28.0% |
| Stocks | 30/36 | €138,396 | €177,128 | +€38,732 | +28.0% |
| Amounts receivable within one year | 40/41 | €500,644 | €867,784 | +€367,140 | +73.3% |
| Trade receivables | 40 | €460,807 | €524,326 | +€63,518 | +13.8% |
| Other amounts receivable | 41 | €39,837 | €343,458 | +€303,622 | +762% |
| Cash at bank and in hand | 54/58 | €124,118 | €145,829 | +€21,711 | +17.5% |
| Deferred charges and accrued income | 490/1 | €21,479 | €20,607 | -€872 | -4.1% |
| Total equity and liabilities | 10/49 | €2,148,503 | €2,502,909 | +€354,406 | +16.5% |
| Equity | 10/15 | €898,644 | €889,423 | -€9,221 | -1.0% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €41,218 | €41,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €762,526 | €758,170 | -€4,356 | -0.6% |
| Investment grants | 15 | €57,715 | €52,851 | -€4,865 | -8.4% |
| Amounts payable | 17/49 | €1,249,859 | €1,613,486 | +€363,627 | +29.1% |
| Amounts payable after more than one year | 17 | €660,210 | €896,950 | +€236,740 | +35.9% |
| Financial debts | 170/4 | €660,210 | €896,950 | +€236,740 | +35.9% |
| Amounts payable within one year | 42/48 | €589,649 | €716,536 | +€126,887 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €145,983 | €160,364 | +€14,381 | +9.9% |
| Trade debts | 44 | €338,380 | €439,796 | +€101,415 | +30.0% |
| Suppliers | 440/4 | €338,380 | €439,796 | +€101,415 | +30.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €105,285 | €116,377 | +€11,092 | +10.5% |
| Taxes | 450/3 | €41,892 | €32,574 | -€9,318 | -22.2% |
| Remuneration and social security | 454/9 | €63,393 | €83,802 | +€20,410 | +32.2% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | €4,145,023 | €4,911,175 | +€766,152 | +18.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,154,781 | €3,980,977 | +€826,196 | +26.2% |
| Remuneration, social security and pensions | 62 | €810,782 | €739,100 | -€71,682 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,139 | €186,500 | +€18,361 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,439 | €9,774 | -€4,665 | -32.3% |
| Other operating charges | 640/8 | €21,909 | €28,261 | +€6,351 | +29.0% |
| Gross operating margin | 9900 | €1,053,530 | €977,490 | -€76,040 | -7.2% |
| Operating profit (loss) | 9901 | €38,260 | €13,855 | -€24,404 | -63.8% |
| Financial income | 75/76B | €12,559 | €6,558 | -€6,001 | -47.8% |
| Recurring financial income | 75 | €6,562 | €6,558 | -€4 | -0.1% |
| Non-recurring financial income | 76B | €5,997 | - | -€5,997 | |
| Financial charges | 65/66B | €44,395 | €19,774 | -€24,621 | -55.5% |
| Recurring financial charges | 65 | €22,316 | €19,774 | -€2,542 | -11.4% |
| Non-recurring financial charges | 66B | €22,079 | - | -€22,079 | |
| Profit (loss) for the period before taxes | 9903 | €6,424 | €639 | -€5,784 | -90.0% |
| Income taxes | 67/77 | €3,635 | €4,996 | +€1,361 | +37.4% |
| Profit (loss) for the period | 9904 | €2,789 | -€4,356 | -€7,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,789 | -€4,356 | -€7,145 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.