MOULIN: 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.
MOULIN
Largest movements
- Receivables within one year +€23,236
up €23,236 (+854%), from €2,719 to €25,955
of which Trade receivables: +€23,402
- Tangible fixed assets -€19,955
down €19,955 (-9.6%), from €208,627 to €188,672
of which Land and buildings: -€17,866
- Profit (loss) carried forward +€58,499
up €58,499, from -€32,811 to €25,688
- Current portion of long-term debt -€40,832
down €40,832 (-70.6%), from €57,873 to €17,041
- Tax, wage and social debts +€19,732
up €19,732 (+940%), from €2,099 to €21,832
- Debts after one year -€17,041
down €17,041 (-16.2%), from €105,493 to €88,452
of which Financial debts: -€17,041
- Trade debts -€12,766
down €12,766 (-90.0%), from €14,184 to €1,418
- Depreciation -€32,735
down €32,735 (-64.6%), from €50,657 to €17,923
- Taxes +€16,047
up €16,047 (+7,016%), from €229 to €16,276
- Staff costs -€10,830
no longer reported in 2025 (was €10,830)
- Gross operating margin +€6,422
up €6,422 (+6.8%), from €94,239 to €100,661
- Financial charges -€2,518
down €2,518 (-42.2%), from €5,961 to €3,442
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 | €226,113 | €228,848 | +€2,735 | +1.2% |
| Fixed assets | 21/28 | €208,627 | €188,672 | -€19,955 | -9.6% |
| Tangible fixed assets | 22/27 | €208,627 | €188,672 | -€19,955 | -9.6% |
| Land and buildings | 22 | €201,669 | €183,803 | -€17,866 | -8.9% |
| Furniture and vehicles | 24 | €6,958 | €4,869 | -€2,090 | -30.0% |
| Current assets | 29/58 | €17,486 | €40,176 | +€22,690 | +130% |
| Amounts receivable within one year | 40/41 | €2,719 | €25,955 | +€23,236 | +854% |
| Trade receivables | 40 | €2,553 | €25,955 | +€23,402 | +917% |
| Other amounts receivable | 41 | €166 | - | -€166 | |
| Cash at bank and in hand | 54/58 | €14,096 | €12,341 | -€1,755 | -12.5% |
| Deferred charges and accrued income | 490/1 | €670 | €1,880 | +€1,210 | +181% |
| Total equity and liabilities | 10/49 | €226,113 | €228,848 | +€2,735 | +1.2% |
| Equity | 10/15 | -€24,751 | €33,748 | +€58,499 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,811 | €25,688 | +€58,499 | |
| Amounts payable | 17/49 | €250,864 | €195,100 | -€55,764 | -22.2% |
| Amounts payable after more than one year | 17 | €105,493 | €88,452 | -€17,041 | -16.2% |
| Financial debts | 170/4 | €104,793 | €87,752 | -€17,041 | -16.3% |
| Other amounts payable | 178/9 | €700 | €700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €145,240 | €105,148 | -€40,092 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €57,873 | €17,041 | -€40,832 | -70.6% |
| Trade debts | 44 | €14,184 | €1,418 | -€12,766 | -90.0% |
| Suppliers | 440/4 | €14,184 | €1,418 | -€12,766 | -90.0% |
| Taxes, remuneration and social security | 45 | €2,099 | €21,832 | +€19,732 | +940% |
| Taxes | 450/3 | €2,099 | €21,832 | +€19,732 | +940% |
| Other amounts payable | 47/48 | €71,084 | €64,857 | -€6,227 | -8.8% |
| Accrued charges and deferred income | 492/3 | €131 | €1,500 | +€1,369 | +1,043% |
| Remuneration, social security and pensions | 62 | €10,830 | - | -€10,830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,657 | €17,923 | -€32,735 | -64.6% |
| Other operating charges | 640/8 | €5,929 | €4,568 | -€1,361 | -23.0% |
| Gross operating margin | 9900 | €94,239 | €100,661 | +€6,422 | +6.8% |
| Operating profit (loss) | 9901 | €26,823 | €78,170 | +€51,348 | +191% |
| Financial income | 75/76B | €83 | €47 | -€36 | -43.5% |
| Recurring financial income | 75 | €83 | €47 | -€36 | -43.5% |
| Financial charges | 65/66B | €5,961 | €3,442 | -€2,518 | -42.2% |
| Recurring financial charges | 65 | €5,961 | €3,442 | -€2,518 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €20,945 | €74,775 | +€53,830 | +257% |
| Income taxes | 67/77 | €229 | €16,276 | +€16,047 | +7,016% |
| Profit (loss) for the period | 9904 | €20,717 | €58,499 | +€37,783 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €20,717 | €58,499 | +€37,783 | +182% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.