MOULIN 1919: 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 1919
Largest movements
- Receivables within one year -€31,127
down €31,127 (-63.7%), from €48,904 to €17,776
of which Trade receivables: -€27,354
- Accrued charges and deferred income -€25,793
down €25,793 (-43.6%), from €59,199 to €33,407
- Tax, wage and social debts +€13,213
up €13,213 (+61.0%), from €21,665 to €34,878
- Trade debts -€12,426
down €12,426 (-41.4%), from €30,033 to €17,607
- Gross operating margin +€41,252
up €41,252 (+30.1%), from €137,084 to €178,336
- Financial charges -€4,215
down €4,215 (-11.5%), from €36,609 to €32,394
- Other operating charges -€4,116
down €4,116 (-33.1%), from €12,420 to €8,304
- Depreciation +€3,144
up €3,144 (+13.3%), from €23,708 to €26,852
- Taxes +€2,554
up €2,554 (+24.4%), from €10,474 to €13,028
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,119,622 | €1,104,935 | -€14,688 | -1.3% |
| Fixed assets | 21/28 | €303,895 | €303,168 | -€727 | -0.2% |
| Tangible fixed assets | 22/27 | €141,895 | €141,168 | -€727 | -0.5% |
| Land and buildings | 22 | €59,346 | €51,106 | -€8,240 | -13.9% |
| Plant, machinery and equipment | 23 | €8,412 | €29,072 | +€20,660 | +246% |
| Furniture and vehicles | 24 | €49,171 | €36,025 | -€13,147 | -26.7% |
| Other tangible fixed assets | 26 | €24,965 | €24,965 | = | 0.0% |
| Financial fixed assets | 28 | €162,000 | €162,000 | = | 0.0% |
| Current assets | 29/58 | €815,727 | €801,767 | -€13,961 | -1.7% |
| Amounts receivable after more than one year | 29 | €599,841 | €599,841 | = | 0.0% |
| Other amounts receivable | 291 | €599,841 | €599,841 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,904 | €17,776 | -€31,127 | -63.7% |
| Trade receivables | 40 | €44,092 | €16,738 | -€27,354 | -62.0% |
| Other amounts receivable | 41 | €4,812 | €1,038 | -€3,774 | -78.4% |
| Cash at bank and in hand | 54/58 | €130,385 | €139,512 | +€9,127 | +7.0% |
| Deferred charges and accrued income | 490/1 | €36,598 | €44,637 | +€8,039 | +22.0% |
| Total equity and liabilities | 10/49 | €1,119,622 | €1,104,935 | -€14,688 | -1.3% |
| Equity | 10/15 | €456,417 | €456,420 | +€3 | 0.0% |
| Contributions | 10/11 | €291,626 | €291,626 | = | 0.0% |
| Reserves | 13 | €29,163 | €29,163 | = | 0.0% |
| Distributable reserves | 133 | €29,163 | €29,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,628 | €135,632 | +€3 | 0.0% |
| Amounts payable | 17/49 | €663,205 | €648,514 | -€14,691 | -2.2% |
| Amounts payable after more than one year | 17 | €452,814 | €452,814 | = | 0.0% |
| Financial debts | 170/4 | €452,814 | €452,814 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,192 | €162,294 | +€11,102 | +7.3% |
| Trade debts | 44 | €30,033 | €17,607 | -€12,426 | -41.4% |
| Suppliers | 440/4 | €30,033 | €17,607 | -€12,426 | -41.4% |
| Taxes, remuneration and social security | 45 | €21,665 | €34,878 | +€13,213 | +61.0% |
| Taxes | 450/3 | €21,665 | €34,878 | +€13,213 | +61.0% |
| Other amounts payable | 47/48 | €99,494 | €109,809 | +€10,314 | +10.4% |
| Accrued charges and deferred income | 492/3 | €59,199 | €33,407 | -€25,793 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,708 | €26,852 | +€3,144 | +13.3% |
| Other operating charges | 640/8 | €12,420 | €8,304 | -€4,116 | -33.1% |
| Gross operating margin | 9900 | €137,084 | €178,336 | +€41,252 | +30.1% |
| Operating profit (loss) | 9901 | €100,956 | €143,180 | +€42,223 | +41.8% |
| Financial income | 75/76B | €24,949 | €24,317 | -€631 | -2.5% |
| Recurring financial income | 75 | €24,949 | €24,317 | -€631 | -2.5% |
| Financial charges | 65/66B | €36,609 | €32,394 | -€4,215 | -11.5% |
| Recurring financial charges | 65 | €36,609 | €32,394 | -€4,215 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €89,296 | €135,103 | +€45,807 | +51.3% |
| Income taxes | 67/77 | €10,474 | €13,028 | +€2,554 | +24.4% |
| Profit (loss) for the period | 9904 | €78,822 | €122,075 | +€43,253 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,822 | €122,075 | +€43,253 | +54.9% |
Source: filed annual accounts (NBB), financial years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.