MOULIN HENRY: 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 HENRY
Largest movements
- Stocks and contracts +€34,697
up €34,697 (+13.1%), from €264,265 to €298,962
- Cash +€9,003
up €9,003 (+59.7%), from €15,069 to €24,072
mainly Net result for the year (+€42,669) and Depreciation (+€9,528)
- Receivables within one year -€6,748
down €6,748 (-33.9%), from €19,928 to €13,180
of which Trade receivables: -€8,344
- Profit (loss) carried forward +€42,669
up €42,669, from -€25,881 to €16,789
- Trade debts -€5,494
down €5,494 (-5.6%), from €98,199 to €92,705
- Gross operating margin -€6,658
down €6,658 (-5.9%), from €112,226 to €105,569
- Financial charges +€2,017
up €2,017 (+78.5%), from €2,570 to €4,587
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 | €313,741 | €350,924 | +€37,184 | +11.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,191 | €14,480 | +€289 | +2.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €13,941 | €14,230 | +€289 | +2.1% |
| Plant, machinery and equipment | 23 | €4,945 | €3,005 | -€1,939 | -39.2% |
| Furniture and vehicles | 24 | €2,425 | €6,507 | +€4,083 | +168% |
| Other tangible fixed assets | 26 | €6,571 | €4,717 | -€1,854 | -28.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €299,550 | €336,445 | +€36,894 | +12.3% |
| Stocks and contracts in progress | 3 | €264,265 | €298,962 | +€34,697 | +13.1% |
| Stocks | 30/36 | €264,265 | €298,962 | +€34,697 | +13.1% |
| Amounts receivable within one year | 40/41 | €19,928 | €13,180 | -€6,748 | -33.9% |
| Trade receivables | 40 | €9,423 | €1,078 | -€8,344 | -88.6% |
| Other amounts receivable | 41 | €10,506 | €12,102 | +€1,596 | +15.2% |
| Cash at bank and in hand | 54/58 | €15,069 | €24,072 | +€9,003 | +59.7% |
| Deferred charges and accrued income | 490/1 | €288 | €230 | -€58 | -20.0% |
| Total equity and liabilities | 10/49 | €313,741 | €350,924 | +€37,184 | +11.9% |
| Equity | 10/15 | €7,119 | €49,789 | +€42,669 | +599% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,881 | €16,789 | +€42,669 | |
| Amounts payable | 17/49 | €306,622 | €301,136 | -€5,486 | -1.8% |
| Amounts payable within one year | 42/48 | €306,622 | €301,136 | -€5,486 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €50,000 | €50,433 | +€433 | +0.9% |
| Other loans | 439 | €50,000 | €50,433 | +€433 | +0.9% |
| Trade debts | 44 | €98,199 | €92,705 | -€5,494 | -5.6% |
| Suppliers | 440/4 | €98,199 | €92,705 | -€5,494 | -5.6% |
| Taxes, remuneration and social security | 45 | €15,632 | €15,324 | -€308 | -2.0% |
| Taxes | 450/3 | €5,094 | €7,264 | +€2,170 | +42.6% |
| Remuneration and social security | 454/9 | €10,537 | €8,060 | -€2,477 | -23.5% |
| Other amounts payable | 47/48 | €142,791 | €142,674 | -€117 | -0.1% |
| Remuneration, social security and pensions | 62 | €47,773 | €48,869 | +€1,096 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,010 | €9,528 | -€482 | -4.8% |
| Other operating charges | 640/8 | €517 | €1,534 | +€1,017 | +197% |
| Gross operating margin | 9900 | €112,226 | €105,569 | -€6,658 | -5.9% |
| Operating profit (loss) | 9901 | €53,926 | €45,637 | -€8,289 | -15.4% |
| Financial income | 75/76B | €863 | €1,619 | +€756 | +87.5% |
| Recurring financial income | 75 | €863 | €1,619 | +€756 | +87.5% |
| Financial charges | 65/66B | €2,570 | €4,587 | +€2,017 | +78.5% |
| Recurring financial charges | 65 | €2,570 | €4,587 | +€2,017 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €52,220 | €42,669 | -€9,550 | -18.3% |
| Profit (loss) for the period | 9904 | €52,220 | €42,669 | -€9,550 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,220 | €42,669 | -€9,550 | -18.3% |
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 29 October 2026 via checked.be.