MOULIN D'ARC: 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 D'ARC
Largest movements
- Cash +€125,465
up €125,465 (+85.8%), from €146,180 to €271,644
mainly Net result for the year (+€128,882) and Other debts (+€105,434)
- Current investments -€101,554
down €101,554 (-20.3%), from €500,000 to €398,446
- Receivables within one year +€81,497
up €81,497 (+8.5%), from €963,668 to €1.0m
of which Other amounts receivable: +€44,257
- Tangible fixed assets +€27,116
up €27,116 (+71.5%), from €37,947 to €65,063
of which Furniture and vehicles: +€27,143
- Other debts +€105,434
up €105,434 (+11.1%), from €950,150 to €1.1m
- Reserves +€60,472
up €60,472 (+11.2%), from €540,153 to €600,625
of which Distributable reserves: +€60,472
- Trade debts -€27,989
down €27,989 (-21.2%), from €131,944 to €103,955
- Gross operating margin +€41,176
up €41,176 (+21.4%), from €192,607 to €233,783
- Staff costs -€14,393
down €14,393 (-43.9%), from €32,820 to €18,426
- Financial charges +€12,546
up €12,546 (+33.0%), from €37,994 to €50,540
- Taxes +€7,328
up €7,328 (+23.8%), from €30,804 to €38,132
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 | €1,740,883 | €1,894,068 | +€153,185 | +8.8% |
| Fixed assets | 21/28 | €38,071 | €65,187 | +€27,116 | +71.2% |
| Tangible fixed assets | 22/27 | €37,947 | €65,063 | +€27,116 | +71.5% |
| Land and buildings | 22 | €37,920 | €37,920 | = | 0.0% |
| Plant, machinery and equipment | 23 | €27 | €0 | -€27 | -100% |
| Furniture and vehicles | 24 | - | €27,143 | +€27,143 | |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €1,702,813 | €1,828,882 | +€126,069 | +7.4% |
| Stocks and contracts in progress | 3 | €89,708 | €106,304 | +€16,596 | +18.5% |
| Stocks | 30/36 | €89,708 | €106,304 | +€16,596 | +18.5% |
| Amounts receivable within one year | 40/41 | €963,668 | €1,045,165 | +€81,497 | +8.5% |
| Trade receivables | 40 | €919,288 | €956,528 | +€37,240 | +4.1% |
| Other amounts receivable | 41 | €44,380 | €88,637 | +€44,257 | +99.7% |
| Current investments | 50/53 | €500,000 | €398,446 | -€101,554 | -20.3% |
| Cash at bank and in hand | 54/58 | €146,180 | €271,644 | +€125,465 | +85.8% |
| Deferred charges and accrued income | 490/1 | €3,257 | €7,322 | +€4,065 | +125% |
| Total equity and liabilities | 10/49 | €1,740,883 | €1,894,068 | +€153,185 | +8.8% |
| Equity | 10/15 | €630,153 | €690,625 | +€60,472 | +9.6% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €540,153 | €600,625 | +€60,472 | +11.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €540,153 | €600,625 | +€60,472 | +11.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,110,730 | €1,203,443 | +€92,714 | +8.3% |
| Amounts payable within one year | 42/48 | €1,101,106 | €1,193,545 | +€92,439 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €0 | -€7,500 | -100% |
| Financial debts | 43 | - | €18,750 | +€18,750 | |
| Credit institutions | 430/8 | - | €18,750 | +€18,750 | |
| Trade debts | 44 | €131,944 | €103,955 | -€27,989 | -21.2% |
| Suppliers | 440/4 | €131,944 | €103,955 | -€27,989 | -21.2% |
| Taxes, remuneration and social security | 45 | €11,513 | €15,256 | +€3,744 | +32.5% |
| Taxes | 450/3 | €10,358 | €14,253 | +€3,895 | +37.6% |
| Remuneration and social security | 454/9 | €1,154 | €1,003 | -€152 | -13.1% |
| Other amounts payable | 47/48 | €950,150 | €1,055,584 | +€105,434 | +11.1% |
| Accrued charges and deferred income | 492/3 | €9,624 | €9,898 | +€275 | +2.9% |
| Remuneration, social security and pensions | 62 | €32,820 | €18,426 | -€14,393 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €1,109 | -€516 | -31.8% |
| Other operating charges | 640/8 | €11,781 | €12,119 | +€338 | +2.9% |
| Gross operating margin | 9900 | €192,607 | €233,783 | +€41,176 | +21.4% |
| Operating profit (loss) | 9901 | €146,381 | €202,129 | +€55,747 | +38.1% |
| Financial income | 75/76B | €14,840 | €15,425 | +€585 | +3.9% |
| Recurring financial income | 75 | €14,840 | €15,425 | +€585 | +3.9% |
| Financial charges | 65/66B | €37,994 | €50,540 | +€12,546 | +33.0% |
| Recurring financial charges | 65 | €37,994 | €50,540 | +€12,546 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €123,227 | €167,013 | +€43,787 | +35.5% |
| Income taxes | 67/77 | €30,804 | €38,132 | +€7,328 | +23.8% |
| Profit (loss) for the period | 9904 | €92,423 | €128,882 | +€36,459 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,423 | €128,882 | +€36,459 | +39.4% |
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 25 October 2026 via checked.be.