MOULINS BODSON: 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.
MOULINS BODSON
Largest movements
- Tangible fixed assets +€577,678
up €577,678 (+74.4%), from €776,716 to €1.4m
of which Land and buildings: +€601,536
- Current investments +€458,388
up €458,388 (+443%), from €103,579 to €561,968
- Cash -€200,632
down €200,632 (-49.0%), from €409,761 to €209,129
mainly Investment in fixed assets (net) (-€674,974) and Current investments (-€458,388)
- Stocks and contracts -€164,975
down €164,975 (-37.4%), from €441,293 to €276,318
- Receivables within one year +€57,303
up €57,303 (+5.3%), from €1.1m to €1.1m
of which Other amounts receivable: +€46,068
- Debts after one year +€444,286
up €444,286 (+124%), from €357,857 to €802,143
of which Financial debts: +€459,286
- Trade debts +€108,583
up €108,583 (+28.0%), from €388,408 to €496,991
- Current portion of long-term debt +€55,000
up €55,000 (+64.2%), from €85,714 to €140,714
- Investment grants +€54,000
new in 2025: €54,000
- Financial income -€245,359
down €245,359 (-62.6%), from €391,672 to €146,313
- Financial charges -€223,381
down €223,381 (-51.7%), from €432,434 to €209,052
- Gross operating margin -€103,831
down €103,831 (-27.2%), from €381,680 to €277,849
- Taxes -€40,028
down €40,028, from €39,334 to -€694
- Staff costs -€17,521
down €17,521 (-12.1%), from €144,683 to €127,162
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 | €2,897,922 | €3,580,705 | +€682,783 | +23.6% |
| Fixed assets | 21/28 | €781,616 | €1,359,294 | +€577,678 | +73.9% |
| Tangible fixed assets | 22/27 | €776,716 | €1,354,394 | +€577,678 | +74.4% |
| Land and buildings | 22 | €696,486 | €1,298,022 | +€601,536 | +86.4% |
| Plant, machinery and equipment | 23 | €34,308 | €26,958 | -€7,350 | -21.4% |
| Furniture and vehicles | 24 | €45,922 | €29,413 | -€16,509 | -35.9% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €2,116,306 | €2,221,412 | +€105,105 | +5.0% |
| Amounts receivable after more than one year | 29 | €20,625 | - | -€20,625 | |
| Trade receivables | 290 | €20,625 | - | -€20,625 | |
| Stocks and contracts in progress | 3 | €441,293 | €276,318 | -€164,975 | -37.4% |
| Stocks | 30/36 | €441,293 | €276,318 | -€164,975 | -37.4% |
| Amounts receivable within one year | 40/41 | €1,086,096 | €1,143,399 | +€57,303 | +5.3% |
| Trade receivables | 40 | €1,073,115 | €1,084,350 | +€11,235 | +1.0% |
| Other amounts receivable | 41 | €12,981 | €59,049 | +€46,068 | +355% |
| Current investments | 50/53 | €103,579 | €561,968 | +€458,388 | +443% |
| Cash at bank and in hand | 54/58 | €409,761 | €209,129 | -€200,632 | -49.0% |
| Deferred charges and accrued income | 490/1 | €54,952 | €30,597 | -€24,354 | -44.3% |
| Total equity and liabilities | 10/49 | €2,897,922 | €3,580,705 | +€682,783 | +23.6% |
| Equity | 10/15 | €1,738,326 | €1,774,955 | +€36,629 | +2.1% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €1,596,521 | €1,564,614 | -€31,907 | -2.0% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Tax-exempt reserves | 132 | €209,389 | €191,775 | -€17,614 | -8.4% |
| Distributable reserves | 133 | €1,373,498 | €1,359,204 | -€14,293 | -1.0% |
| Profit (loss) carried forward | 14 | €5,464 | €20,000 | +€14,536 | +266% |
| Investment grants | 15 | - | €54,000 | +€54,000 | |
| Provisions and deferred taxes | 16 | €69,796 | €63,925 | -€5,871 | -8.4% |
| Deferred taxes | 168 | €69,796 | €63,925 | -€5,871 | -8.4% |
| Amounts payable | 17/49 | €1,089,800 | €1,741,825 | +€652,025 | +59.8% |
| Amounts payable after more than one year | 17 | €357,857 | €802,143 | +€444,286 | +124% |
| Financial debts | 170/4 | €342,857 | €802,143 | +€459,286 | +134% |
| Other amounts payable | 178/9 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €720,089 | €926,038 | +€205,949 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €85,714 | €140,714 | +€55,000 | +64.2% |
| Trade debts | 44 | €388,408 | €496,991 | +€108,583 | +28.0% |
| Suppliers | 440/4 | €388,408 | €496,991 | +€108,583 | +28.0% |
| Taxes, remuneration and social security | 45 | €24,527 | €35,619 | +€11,092 | +45.2% |
| Taxes | 450/3 | €2,281 | €7,350 | +€5,069 | +222% |
| Remuneration and social security | 454/9 | €22,246 | €28,268 | +€6,022 | +27.1% |
| Other amounts payable | 47/48 | €221,439 | €252,714 | +€31,275 | +14.1% |
| Accrued charges and deferred income | 492/3 | €11,854 | €13,644 | +€1,790 | +15.1% |
| Non-recurring operating income | 76A | - | €2,847 | +€2,847 | |
| Remuneration, social security and pensions | 62 | €144,683 | €127,162 | -€17,521 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,550 | €97,296 | +€8,746 | +9.9% |
| Other operating charges | 640/8 | €10,947 | €9,940 | -€1,008 | -9.2% |
| Non-recurring operating charges | 66A | €2,392 | €4,648 | +€2,256 | +94.3% |
| Gross operating margin | 9900 | €381,680 | €277,849 | -€103,831 | -27.2% |
| Operating profit (loss) | 9901 | €135,108 | €38,803 | -€96,305 | -71.3% |
| Financial income | 75/76B | €391,672 | €146,313 | -€245,359 | -62.6% |
| Recurring financial income | 75 | €391,672 | €146,313 | -€245,359 | -62.6% |
| Financial charges | 65/66B | €432,434 | €209,052 | -€223,381 | -51.7% |
| Recurring financial charges | 65 | €432,434 | €209,052 | -€223,381 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €94,346 | -€23,936 | -€118,283 | |
| Transfer from deferred taxes | 780 | €5,871 | €5,871 | = | 0.0% |
| Income taxes | 67/77 | €39,334 | -€694 | -€40,028 | |
| Profit (loss) for the period | 9904 | €60,884 | -€17,371 | -€78,255 | |
| Transfer from tax-exempt reserves | 789 | €17,614 | €17,614 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,498 | €243 | -€78,255 | -99.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.