TOM MOLENSCHOT: 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.
TOM MOLENSCHOT
Largest movements
- Cash +€26,258
up €26,258 (+17.9%), from €146,923 to €173,181
mainly Net result for the year (+€58,119) and Tax, wage and social debts (+€14,065)
- Receivables within one year +€20,025
up €20,025 (+38.2%), from €52,395 to €72,420
of which Trade receivables: +€16,107
- Tangible fixed assets -€8,916
down €8,916 (-32.4%), from €27,478 to €18,562
of which Furniture and vehicles: -€11,875
- Reserves +€58,119
up €58,119 (+40.2%), from €144,542 to €202,661
- Other debts -€24,328
down €24,328 (-100%), from €24,328 to €0
- Tax, wage and social debts +€14,065
up €14,065 (+77.2%), from €18,212 to €32,277
- Debts after one year -€11,548
down €11,548 (-85.6%), from €13,488 to €1,940
- Gross operating margin +€40,097
up €40,097 (+67.6%), from €59,314 to €99,411
- Taxes +€13,153
up €13,153 (+98.2%), from €13,397 to €26,550
- Depreciation -€1,521
down €1,521 (-11.0%), from €13,768 to €12,247
- Other operating charges +€999
up €999 (+101%), from €993 to €1,992
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 | €230,810 | €265,948 | +€35,138 | +15.2% |
| Fixed assets | 21/28 | €27,478 | €18,562 | -€8,916 | -32.4% |
| Tangible fixed assets | 22/27 | €27,478 | €18,562 | -€8,916 | -32.4% |
| Plant, machinery and equipment | 23 | €390 | €1,954 | +€1,564 | +401% |
| Furniture and vehicles | 24 | €27,088 | €15,213 | -€11,875 | -43.8% |
| Other tangible fixed assets | 26 | - | €1,395 | +€1,395 | |
| Current assets | 29/58 | €203,332 | €247,386 | +€44,054 | +21.7% |
| Amounts receivable within one year | 40/41 | €52,395 | €72,420 | +€20,025 | +38.2% |
| Trade receivables | 40 | €52,395 | €68,502 | +€16,107 | +30.7% |
| Other amounts receivable | 41 | €0 | €3,918 | +€3,918 | |
| Cash at bank and in hand | 54/58 | €146,923 | €173,181 | +€26,258 | +17.9% |
| Deferred charges and accrued income | 490/1 | €4,013 | €1,785 | -€2,228 | -55.5% |
| Total equity and liabilities | 10/49 | €230,810 | €265,948 | +€35,138 | +15.2% |
| Equity | 10/15 | €161,203 | €219,322 | +€58,119 | +36.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €144,542 | €202,661 | +€58,119 | +40.2% |
| Distributable reserves | 133 | €144,542 | €202,661 | +€58,119 | +40.2% |
| Profit (loss) carried forward | 14 | €4,261 | €4,261 | = | 0.0% |
| Amounts payable | 17/49 | €69,607 | €46,626 | -€22,980 | -33.0% |
| Amounts payable after more than one year | 17 | €13,488 | €1,940 | -€11,548 | -85.6% |
| Financial debts | 170/4 | €13,488 | €1,940 | -€11,548 | -85.6% |
| Amounts payable within one year | 42/48 | €56,119 | €44,687 | -€11,432 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €11,396 | €11,548 | +€152 | +1.3% |
| Trade debts | 44 | €2,183 | €861 | -€1,321 | -60.5% |
| Suppliers | 440/4 | €2,183 | €861 | -€1,321 | -60.5% |
| Taxes, remuneration and social security | 45 | €18,212 | €32,277 | +€14,065 | +77.2% |
| Taxes | 450/3 | €18,212 | €32,277 | +€14,065 | +77.2% |
| Other amounts payable | 47/48 | €24,328 | €0 | -€24,328 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,768 | €12,247 | -€1,521 | -11.0% |
| Other operating charges | 640/8 | €993 | €1,992 | +€999 | +101% |
| Gross operating margin | 9900 | €59,314 | €99,411 | +€40,097 | +67.6% |
| Operating profit (loss) | 9901 | €44,553 | €85,172 | +€40,619 | +91.2% |
| Financial income | 75/76B | €8 | €22 | +€14 | +187% |
| Recurring financial income | 75 | €8 | €22 | +€14 | +187% |
| Financial charges | 65/66B | €627 | €525 | -€101 | -16.2% |
| Recurring financial charges | 65 | €627 | €525 | -€101 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €43,934 | €84,669 | +€40,735 | +92.7% |
| Income taxes | 67/77 | €13,397 | €26,550 | +€13,153 | +98.2% |
| Profit (loss) for the period | 9904 | €30,537 | €58,119 | +€27,582 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,537 | €58,119 | +€27,582 | +90.3% |
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 13 October 2026 via checked.be.