MoulinRouge: 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.
MoulinRouge
Largest movements
- Tangible fixed assets +€684,435
up €684,435 (+74.4%), from €920,224 to €1.6m
of which Land and buildings: +€690,901
- Current investments -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Cash +€102,030
up €102,030 (+128.9%), from €79,160 to €181,189
mainly Current investments (+€400,000) and Other debts (+€217,722)
- Other debts +€217,722
up €217,722 (+2133.6%), from €10,205 to €227,926
- Debts after one year +€208,270
up €208,270 (+49.5%), from €421,057 to €629,327
- Trade debts +€194,220
up €194,220 (+687.6%), from €28,246 to €222,466
- Reserves -€173,603
down €173,603 (-20.3%), from €853,261 to €679,658
- Current portion of long-term debt -€46,021
down €46,021 (-71.2%), from €64,681 to €18,660
- Depreciation +€14,986
up €14,986 (+45.3%), from €33,087 to €48,073
- Gross operating margin -€12,319
down €12,319 (-11.3%), from €108,607 to €96,288
- Financial charges +€8,079
up €8,079 (+127.0%), from €6,359 to €14,438
- Taxes -€7,451
down €7,451 (-47.0%), from €15,863 to €8,412
- Other operating charges +€1,939
up €1,939 (+90.8%), from €2,136 to €4,075
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.
Cash bridge derived
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 | €1,422,823 | €1,811,538 | +€388,715 | +27.3% |
| Fixed assets | 21/28 | €921,929 | €1,606,363 | +€684,435 | +74.2% |
| Tangible fixed assets | 22/27 | €920,224 | €1,604,658 | +€684,435 | +74.4% |
| Land and buildings | 22 | €903,898 | €1,594,799 | +€690,901 | +76.4% |
| Plant, machinery and equipment | 23 | €1,258 | €828 | -€430 | -34.2% |
| Furniture and vehicles | 24 | €13,519 | €8,149 | -€5,370 | -39.7% |
| Other tangible fixed assets | 26 | €1,549 | €882 | -€667 | -43.1% |
| Financial fixed assets | 28 | €1,705 | €1,705 | = | 0.0% |
| Current assets | 29/58 | €500,895 | €205,175 | -€295,720 | -59.0% |
| Amounts receivable within one year | 40/41 | €20,282 | €21,295 | +€1,013 | +5.0% |
| Trade receivables | 40 | €20,282 | €20,282 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,013 | +€1,013 | |
| Current investments | 50/53 | €400,000 | €0 | -€400,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €79,160 | €181,189 | +€102,030 | +128.9% |
| Deferred charges and accrued income | 490/1 | €1,453 | €2,690 | +€1,237 | +85.1% |
| Total equity and liabilities | 10/49 | €1,422,823 | €1,811,538 | +€388,715 | +27.3% |
| Equity | 10/15 | €871,861 | €698,258 | -€173,603 | -19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €853,261 | €679,658 | -€173,603 | -20.3% |
| Distributable reserves | 133 | €853,261 | €679,658 | -€173,603 | -20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €550,962 | €1,113,280 | +€562,318 | +102.1% |
| Amounts payable after more than one year | 17 | €421,057 | €629,327 | +€208,270 | +49.5% |
| Financial debts | 170/4 | €421,057 | €629,327 | +€208,270 | +49.5% |
| Amounts payable within one year | 42/48 | €129,624 | €482,994 | +€353,370 | +272.6% |
| Current portion of amounts payable after more than one year | 42 | €64,681 | €18,660 | -€46,021 | -71.2% |
| Trade debts | 44 | €28,246 | €222,466 | +€194,220 | +687.6% |
| Suppliers | 440/4 | €28,246 | €222,466 | +€194,220 | +687.6% |
| Taxes, remuneration and social security | 45 | €26,492 | €13,941 | -€12,551 | -47.4% |
| Taxes | 450/3 | €26,492 | €10,854 | -€15,639 | -59.0% |
| Remuneration and social security | 454/9 | - | €3,088 | +€3,088 | |
| Other amounts payable | 47/48 | €10,205 | €227,926 | +€217,722 | +2133.6% |
| Accrued charges and deferred income | 492/3 | €282 | €959 | +€677 | +240.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,087 | €48,073 | +€14,986 | +45.3% |
| Other operating charges | 640/8 | €2,136 | €4,075 | +€1,939 | +90.8% |
| Gross operating margin | 9900 | €108,607 | €96,288 | -€12,319 | -11.3% |
| Operating profit (loss) | 9901 | €73,384 | €44,140 | -€29,245 | -39.9% |
| Financial income | 75/76B | €3,695 | €5,107 | +€1,412 | +38.2% |
| Recurring financial income | 75 | €3,695 | €5,107 | +€1,412 | +38.2% |
| Financial charges | 65/66B | €6,359 | €14,438 | +€8,079 | +127.0% |
| Recurring financial charges | 65 | €6,359 | €14,438 | +€8,079 | +127.0% |
| Profit (loss) for the period before taxes | 9903 | €70,720 | €34,809 | -€35,911 | -50.8% |
| Income taxes | 67/77 | €15,863 | €8,412 | -€7,451 | -47.0% |
| Profit (loss) for the period | 9904 | €54,857 | €26,397 | -€28,460 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,857 | €26,397 | -€28,460 | -51.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.