MOULIN ESSER: 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 ESSER
Largest movements
- Tangible fixed assets -€10,884
no longer reported in 2025 (was €10,884)
of which Other tangible fixed assets: -€9,359
- Receivables within one year +€7,333
up €7,333 (+62.2%), from €11,799 to €19,132
of which Other amounts receivable: +€19,132
- Cash -€7,238
down €7,238 (-5.3%), from €136,087 to €128,849
mainly Tax, wage and social debts (-€17,289) and Receivables within one year (-€7,333)
- Tax, wage and social debts -€17,289
no longer reported in 2025 (was €17,289)
- Trade debts +€6,876
up €6,876 (+495%), from €1,390 to €8,266
- Gross operating margin -€51,419
down €51,419 (-85.1%), from €60,404 to €8,985
- Taxes -€15,029
no longer reported in 2025 (was €15,029)
- Staff costs -€10,069
no longer reported in 2025 (was €10,069)
- Other operating charges +€5,693
up €5,693 (+133%), from €4,277 to €9,970
- Depreciation -€1,800
no longer reported in 2025 (was €1,800)
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 | €159,063 | €147,980 | -€11,083 | -7.0% |
| Fixed assets | 21/28 | €11,081 | - | -€11,081 | |
| Tangible fixed assets | 22/27 | €10,884 | - | -€10,884 | |
| Furniture and vehicles | 24 | €1,525 | - | -€1,525 | |
| Other tangible fixed assets | 26 | €9,359 | - | -€9,359 | |
| Financial fixed assets | 28 | €197 | - | -€197 | |
| Current assets | 29/58 | €147,982 | €147,980 | -€2 | 0.0% |
| Amounts receivable within one year | 40/41 | €11,799 | €19,132 | +€7,333 | +62.2% |
| Trade receivables | 40 | €11,799 | - | -€11,799 | |
| Other amounts receivable | 41 | - | €19,132 | +€19,132 | |
| Cash at bank and in hand | 54/58 | €136,087 | €128,849 | -€7,238 | -5.3% |
| Deferred charges and accrued income | 490/1 | €96 | - | -€96 | |
| Total equity and liabilities | 10/49 | €159,063 | €147,980 | -€11,083 | -7.0% |
| Equity | 10/15 | €138,761 | €137,673 | -€1,088 | -0.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €56,250 | €56,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,011 | €18,923 | -€1,088 | -5.4% |
| Amounts payable | 17/49 | €20,302 | €10,308 | -€9,995 | -49.2% |
| Amounts payable within one year | 42/48 | €20,302 | €10,308 | -€9,995 | -49.2% |
| Trade debts | 44 | €1,390 | €8,266 | +€6,876 | +495% |
| Suppliers | 440/4 | €1,390 | €8,266 | +€6,876 | +495% |
| Taxes, remuneration and social security | 45 | €17,289 | - | -€17,289 | |
| Taxes | 450/3 | €17,289 | - | -€17,289 | |
| Other amounts payable | 47/48 | €1,623 | €2,041 | +€418 | +25.8% |
| Remuneration, social security and pensions | 62 | €10,069 | - | -€10,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800 | - | -€1,800 | |
| Other operating charges | 640/8 | €4,277 | €9,970 | +€5,693 | +133% |
| Gross operating margin | 9900 | €60,404 | €8,985 | -€51,419 | -85.1% |
| Operating profit (loss) | 9901 | €44,258 | -€985 | -€45,243 | |
| Financial income | 75/76B | €252 | €32 | -€220 | -87.4% |
| Recurring financial income | 75 | €252 | €32 | -€220 | -87.4% |
| Financial charges | 65/66B | €145 | €135 | -€9 | -6.5% |
| Recurring financial charges | 65 | €145 | €135 | -€9 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €44,365 | -€1,088 | -€45,453 | |
| Income taxes | 67/77 | €15,029 | - | -€15,029 | |
| Profit (loss) for the period | 9904 | €29,336 | -€1,088 | -€30,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,336 | -€1,088 | -€30,424 |
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 1 November 2026 via checked.be.