moulin3frontières: 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.
moulin3frontières
Largest movements
- Cash +€39,531
up €39,531 (+403%), from €9,809 to €49,340
mainly Trade debts (+€72,097) and Receivables within one year (+€30,493)
- Receivables within one year -€30,493
down €30,493 (-14.0%), from €217,421 to €186,928
of which Trade receivables: -€33,283
- Tangible fixed assets +€30,457
up €30,457 (+8.8%), from €344,315 to €374,772
of which Furniture and vehicles: +€48,014
- Stocks and contracts +€17,907
up €17,907 (+38.4%), from €46,679 to €64,586
- Trade debts +€72,097
up €72,097 (+56.2%), from €128,192 to €200,289
- Other debts -€25,925
down €25,925 (-55.4%), from €46,788 to €20,862
- Current portion of long-term debt +€10,698
up €10,698 (+30.8%), from €34,698 to €45,396
- Gross operating margin -€7,083
down €7,083 (-13.3%), from €53,082 to €45,999
- Depreciation +€3,169
up €3,169 (+13.4%), from €23,605 to €26,774
- Taxes -€2,043
down €2,043 (-67.7%), from €3,016 to €973
- Other operating charges +€1,613
up €1,613 (+37.7%), from €4,275 to €5,888
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 | €619,466 | €677,556 | +€58,090 | +9.4% |
| Fixed assets | 21/28 | €344,422 | €374,772 | +€30,349 | +8.8% |
| Intangible fixed assets | 21 | €107 | - | -€107 | |
| Tangible fixed assets | 22/27 | €344,315 | €374,772 | +€30,457 | +8.8% |
| Land and buildings | 22 | €310,266 | €298,123 | -€12,143 | -3.9% |
| Plant, machinery and equipment | 23 | €27,240 | €21,826 | -€5,414 | -19.9% |
| Furniture and vehicles | 24 | €6,809 | €54,823 | +€48,014 | +705% |
| Current assets | 29/58 | €275,044 | €302,784 | +€27,741 | +10.1% |
| Stocks and contracts in progress | 3 | €46,679 | €64,586 | +€17,907 | +38.4% |
| Stocks | 30/36 | €46,679 | €64,586 | +€17,907 | +38.4% |
| Amounts receivable within one year | 40/41 | €217,421 | €186,928 | -€30,493 | -14.0% |
| Trade receivables | 40 | €214,421 | €181,138 | -€33,283 | -15.5% |
| Other amounts receivable | 41 | €3,000 | €5,791 | +€2,791 | +93.0% |
| Cash at bank and in hand | 54/58 | €9,809 | €49,340 | +€39,531 | +403% |
| Deferred charges and accrued income | 490/1 | €1,135 | €1,930 | +€795 | +70.1% |
| Total equity and liabilities | 10/49 | €619,466 | €677,556 | +€58,090 | +9.4% |
| Equity | 10/15 | €20,980 | €22,440 | +€1,460 | +7.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,980 | €12,440 | +€1,460 | +13.3% |
| Distributable reserves | 133 | €10,980 | €12,440 | +€1,460 | +13.3% |
| Amounts payable | 17/49 | €598,486 | €655,116 | +€56,630 | +9.5% |
| Amounts payable after more than one year | 17 | €332,861 | €338,569 | +€5,708 | +1.7% |
| Financial debts | 170/4 | €332,861 | €338,569 | +€5,708 | +1.7% |
| Amounts payable within one year | 42/48 | €265,625 | €316,548 | +€50,922 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €34,698 | €45,396 | +€10,698 | +30.8% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €128,192 | €200,289 | +€72,097 | +56.2% |
| Suppliers | 440/4 | €128,192 | €200,289 | +€72,097 | +56.2% |
| Taxes, remuneration and social security | 45 | €5,948 | - | -€5,948 | |
| Taxes | 450/3 | €5,948 | - | -€5,948 | |
| Other amounts payable | 47/48 | €46,788 | €20,862 | -€25,925 | -55.4% |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,605 | €26,774 | +€3,169 | +13.4% |
| Other operating charges | 640/8 | €4,275 | €5,888 | +€1,613 | +37.7% |
| Gross operating margin | 9900 | €53,082 | €45,999 | -€7,083 | -13.3% |
| Operating profit (loss) | 9901 | €25,201 | €13,336 | -€11,865 | -47.1% |
| Financial income | 75/76B | €461 | €372 | -€89 | -19.3% |
| Recurring financial income | 75 | €461 | €372 | -€89 | -19.3% |
| Financial charges | 65/66B | €11,666 | €11,274 | -€392 | -3.4% |
| Recurring financial charges | 65 | €11,666 | €11,274 | -€392 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €13,996 | €2,434 | -€11,562 | -82.6% |
| Income taxes | 67/77 | €3,016 | €973 | -€2,043 | -67.7% |
| Profit (loss) for the period | 9904 | €10,980 | €1,460 | -€9,519 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,980 | €1,460 | -€9,519 | -86.7% |
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 20 October 2026 via checked.be.