Moulin Properties: 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 Properties
Largest movements
- Cash -€108,742
down €108,742 (-56.3%), from €193,286 to €84,544
mainly Contributions, distributions and other (-€206,000) and Investment in fixed assets (net) (-€45,820)
- Receivables within one year -€79,842
down €79,842 (-14.3%), from €557,784 to €477,942
of which Trade receivables: -€60,315
- Tangible fixed assets +€21,616
up €21,616 (+12.6%), from €171,709 to €193,325
- Reserves -€160,000
down €160,000 (-28.5%), from €561,860 to €401,860
- Tax, wage and social debts -€15,476
down €15,476 (-54.0%), from €28,665 to €13,189
of which Taxes: -€15,476
- Debts after one year -€13,248
down €13,248 (-9.4%), from €140,339 to €127,091
- Trade debts +€10,264
up €10,264 (+164%), from €6,250 to €16,514
- Depreciation +€19,566
up €19,566 (+422%), from €4,638 to €24,204
- Gross operating margin -€15,841
down €15,841 (-19.1%), from €82,865 to €67,023
- Financial income +€7,687
up €7,687 (+36.3%), from €21,198 to €28,885
- Taxes -€5,670
down €5,670 (-23.1%), from €24,540 to €18,870
- Other operating charges -€4,766
down €4,766 (-85.7%), from €5,562 to €796
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 | €926,262 | €757,963 | -€168,299 | -18.2% |
| Fixed assets | 21/28 | €171,709 | €193,325 | +€21,616 | +12.6% |
| Tangible fixed assets | 22/27 | €171,709 | €193,325 | +€21,616 | +12.6% |
| Furniture and vehicles | 24 | €171,709 | €193,325 | +€21,616 | +12.6% |
| Current assets | 29/58 | €754,553 | €564,638 | -€189,915 | -25.2% |
| Stocks and contracts in progress | 3 | €495 | €423 | -€72 | -14.5% |
| Stocks | 30/36 | €495 | €423 | -€72 | -14.5% |
| Amounts receivable within one year | 40/41 | €557,784 | €477,942 | -€79,842 | -14.3% |
| Trade receivables | 40 | €99,224 | €38,909 | -€60,315 | -60.8% |
| Other amounts receivable | 41 | €458,561 | €439,033 | -€19,527 | -4.3% |
| Cash at bank and in hand | 54/58 | €193,286 | €84,544 | -€108,742 | -56.3% |
| Deferred charges and accrued income | 490/1 | €2,988 | €1,728 | -€1,260 | -42.2% |
| Total equity and liabilities | 10/49 | €926,262 | €757,963 | -€168,299 | -18.2% |
| Equity | 10/15 | €729,431 | €569,718 | -€159,713 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €561,860 | €401,860 | -€160,000 | -28.5% |
| Distributable reserves | 133 | €561,860 | €401,860 | -€160,000 | -28.5% |
| Profit (loss) carried forward | 14 | €148,971 | €149,258 | +€287 | +0.2% |
| Amounts payable | 17/49 | €196,831 | €188,245 | -€8,586 | -4.4% |
| Amounts payable after more than one year | 17 | €140,339 | €127,091 | -€13,248 | -9.4% |
| Financial debts | 170/4 | €140,339 | €127,091 | -€13,248 | -9.4% |
| Amounts payable within one year | 42/48 | €56,044 | €61,155 | +€5,111 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €9,661 | €13,248 | +€3,586 | +37.1% |
| Financial debts | 43 | - | €6,302 | +€6,302 | |
| Credit institutions | 430/8 | - | €6,302 | +€6,302 | |
| Trade debts | 44 | €6,250 | €16,514 | +€10,264 | +164% |
| Suppliers | 440/4 | €6,250 | €16,514 | +€10,264 | +164% |
| Taxes, remuneration and social security | 45 | €28,665 | €13,189 | -€15,476 | -54.0% |
| Taxes | 450/3 | €26,165 | €10,689 | -€15,476 | -59.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €11,467 | €11,902 | +€435 | +3.8% |
| Accrued charges and deferred income | 492/3 | €449 | €0 | -€449 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,638 | €24,204 | +€19,566 | +422% |
| Other operating charges | 640/8 | €5,562 | €796 | -€4,766 | -85.7% |
| Non-recurring operating charges | 66A | €108 | €108 | = | 0.0% |
| Gross operating margin | 9900 | €82,865 | €67,023 | -€15,841 | -19.1% |
| Operating profit (loss) | 9901 | €72,556 | €41,916 | -€30,641 | -42.2% |
| Financial income | 75/76B | €21,198 | €28,885 | +€7,687 | +36.3% |
| Recurring financial income | 75 | €21,198 | €28,885 | +€7,687 | +36.3% |
| Financial charges | 65/66B | €1,467 | €5,644 | +€4,177 | +285% |
| Recurring financial charges | 65 | €1,467 | €5,644 | +€4,177 | +285% |
| Profit (loss) for the period before taxes | 9903 | €92,288 | €65,157 | -€27,131 | -29.4% |
| Income taxes | 67/77 | €24,540 | €18,870 | -€5,670 | -23.1% |
| Profit (loss) for the period | 9904 | €67,747 | €46,287 | -€21,460 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,747 | €46,287 | -€21,460 | -31.7% |
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 21 October 2026 via checked.be.