NEU MOULIN: 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.
NEU MOULIN
Largest movements
- Receivables within one year +€226,270
up €226,270 (+33.4%), from €676,851 to €903,121
of which Trade receivables: +€197,443
- Tangible fixed assets +€71,709
up €71,709 (+4.2%), from €1.7m to €1.8m
of which Furniture and vehicles: +€149,166
- Stocks and contracts +€37,322
up €37,322 (+350%), from €10,679 to €48,000
- Trade debts +€178,640
up €178,640 (+52.4%), from €340,765 to €519,405
- Current portion of long-term debt +€40,180
up €40,180 (+10.6%), from €379,041 to €419,221
- Other debts +€35,667
up €35,667 (+14.0%), from €254,104 to €289,772
- Debts after one year +€28,463
up €28,463 (+4.2%), from €683,545 to €712,008
- Gross operating margin +€90,061
up €90,061 (+15.4%), from €584,512 to €674,573
- Staff costs +€43,003
up €43,003 (+33.0%), from €130,176 to €173,179
- Depreciation +€17,064
up €17,064 (+4.0%), from €426,707 to €443,772
- Financial charges +€8,718
up €8,718 (+28.7%), from €30,360 to €39,078
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 | €2,420,787 | €2,755,191 | +€334,404 | +13.8% |
| Fixed assets | 21/28 | €1,711,980 | €1,783,689 | +€71,709 | +4.2% |
| Tangible fixed assets | 22/27 | €1,710,730 | €1,782,439 | +€71,709 | +4.2% |
| Plant, machinery and equipment | 23 | €14,362 | €11,232 | -€3,130 | -21.8% |
| Furniture and vehicles | 24 | €1,304,449 | €1,453,615 | +€149,166 | +11.4% |
| Leasing and similar rights | 25 | €391,918 | €317,591 | -€74,327 | -19.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €708,807 | €971,502 | +€262,695 | +37.1% |
| Stocks and contracts in progress | 3 | €10,679 | €48,000 | +€37,322 | +350% |
| Stocks | 30/36 | €10,679 | €48,000 | +€37,322 | +350% |
| Amounts receivable within one year | 40/41 | €676,851 | €903,121 | +€226,270 | +33.4% |
| Trade receivables | 40 | €669,273 | €866,716 | +€197,443 | +29.5% |
| Other amounts receivable | 41 | €7,578 | €36,405 | +€28,827 | +380% |
| Cash at bank and in hand | 54/58 | €4,554 | €5,388 | +€834 | +18.3% |
| Deferred charges and accrued income | 490/1 | €16,723 | €14,993 | -€1,730 | -10.3% |
| Total equity and liabilities | 10/49 | €2,420,787 | €2,755,191 | +€334,404 | +13.8% |
| Equity | 10/15 | €675,112 | €710,556 | +€35,444 | +5.3% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €1,950 | €1,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €624,927 | €651,730 | +€26,803 | +4.3% |
| Investment grants | 15 | €28,735 | €37,376 | +€8,641 | +30.1% |
| Amounts payable | 17/49 | €1,745,675 | €2,044,634 | +€298,960 | +17.1% |
| Amounts payable after more than one year | 17 | €683,545 | €712,008 | +€28,463 | +4.2% |
| Financial debts | 170/4 | €683,545 | €712,008 | +€28,463 | +4.2% |
| Amounts payable within one year | 42/48 | €1,062,129 | €1,332,627 | +€270,497 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €379,041 | €419,221 | +€40,180 | +10.6% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €340,765 | €519,405 | +€178,640 | +52.4% |
| Suppliers | 440/4 | €340,765 | €519,405 | +€178,640 | +52.4% |
| Taxes, remuneration and social security | 45 | €13,219 | €29,230 | +€16,010 | +121% |
| Taxes | 450/3 | €4,062 | €6,375 | +€2,313 | +56.9% |
| Remuneration and social security | 454/9 | €9,157 | €22,855 | +€13,697 | +150% |
| Other amounts payable | 47/48 | €254,104 | €289,772 | +€35,667 | +14.0% |
| Remuneration, social security and pensions | 62 | €130,176 | €173,179 | +€43,003 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426,707 | €443,772 | +€17,064 | +4.0% |
| Other operating charges | 640/8 | €1,453 | €7,004 | +€5,551 | +382% |
| Gross operating margin | 9900 | €584,512 | €674,573 | +€90,061 | +15.4% |
| Operating profit (loss) | 9901 | €26,175 | €50,619 | +€24,443 | +93.4% |
| Financial income | 75/76B | €13,498 | €15,263 | +€1,765 | +13.1% |
| Recurring financial income | 75 | €13,127 | €15,263 | +€2,136 | +16.3% |
| Non-recurring financial income | 76B | €371 | - | -€371 | |
| Financial charges | 65/66B | €30,360 | €39,078 | +€8,718 | +28.7% |
| Recurring financial charges | 65 | €30,360 | €39,078 | +€8,718 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €9,313 | €26,803 | +€17,490 | +188% |
| Profit (loss) for the period | 9904 | €9,313 | €26,803 | +€17,490 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €9,313 | €26,803 | +€17,490 | +188% |
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 26 October 2026 via checked.be.