VAL DU 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.
VAL DU MOULIN
Largest movements
- Receivables within one year -€20,808
down €20,808 (-70.3%), from €29,604 to €8,796
of which Trade receivables: -€13,735
- Cash +€20,186
up €20,186 (+384%), from €5,260 to €25,446
mainly Receivables within one year (+€20,808) and Other debts (+€5,225)
- Stocks and contracts -€1,366
down €1,366 (-7.3%), from €18,616 to €17,250
- Deferred charges and accrued income +€1,047
new in 2025: €1,047
- Tangible fixed assets -€898
down €898 (-27.7%), from €3,246 to €2,348
- Reserves -€5,650
down €5,650 (-16.9%), from €33,445 to €27,795
- Other debts +€5,225
new in 2025: €5,225
- Trade debts -€3,809
down €3,809 (-26.0%), from €14,661 to €10,852
- Profit (loss) carried forward +€2,038
up €2,038, from -€1,668 to €370
- Gross operating margin +€4,367
up €4,367, from -€942 to €3,425
- Taxes +€185
new in 2025: €185
- Depreciation +€167
up €167 (+22.8%), from €731 to €898
- Financial income -€99
down €99 (-64.8%), from €153 to €54
- Other operating charges -€75
down €75 (-13.9%), from €540 to €465
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 | €59,704 | €57,865 | -€1,839 | -3.1% |
| Fixed assets | 21/28 | €6,224 | €5,327 | -€898 | -14.4% |
| Tangible fixed assets | 22/27 | €3,246 | €2,348 | -€898 | -27.7% |
| Plant, machinery and equipment | 23 | €3,246 | €2,348 | -€898 | -27.7% |
| Financial fixed assets | 28 | €2,979 | €2,979 | = | 0.0% |
| Current assets | 29/58 | €53,480 | €52,539 | -€941 | -1.8% |
| Stocks and contracts in progress | 3 | €18,616 | €17,250 | -€1,366 | -7.3% |
| Stocks | 30/36 | €18,616 | €17,250 | -€1,366 | -7.3% |
| Amounts receivable within one year | 40/41 | €29,604 | €8,796 | -€20,808 | -70.3% |
| Trade receivables | 40 | €20,795 | €7,060 | -€13,735 | -66.1% |
| Other amounts receivable | 41 | €8,809 | €1,736 | -€7,073 | -80.3% |
| Cash at bank and in hand | 54/58 | €5,260 | €25,446 | +€20,186 | +384% |
| Deferred charges and accrued income | 490/1 | - | €1,047 | +€1,047 | |
| Total equity and liabilities | 10/49 | €59,704 | €57,865 | -€1,839 | -3.1% |
| Equity | 10/15 | €44,956 | €41,344 | -€3,612 | -8.0% |
| Contributions | 10/11 | €13,179 | €13,179 | = | 0.0% |
| Reserves | 13 | €33,445 | €27,795 | -€5,650 | -16.9% |
| Distributable reserves | 133 | €33,445 | €27,795 | -€5,650 | -16.9% |
| Profit (loss) carried forward | 14 | -€1,668 | €370 | +€2,038 | |
| Amounts payable | 17/49 | €14,748 | €16,521 | +€1,773 | +12.0% |
| Amounts payable within one year | 42/48 | €14,661 | €16,521 | +€1,860 | +12.7% |
| Trade debts | 44 | €14,661 | €10,852 | -€3,809 | -26.0% |
| Suppliers | 440/4 | €14,661 | €10,852 | -€3,809 | -26.0% |
| Taxes, remuneration and social security | 45 | - | €444 | +€444 | |
| Taxes | 450/3 | - | €444 | +€444 | |
| Other amounts payable | 47/48 | - | €5,225 | +€5,225 | |
| Accrued charges and deferred income | 492/3 | €87 | - | -€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €731 | €898 | +€167 | +22.8% |
| Other operating charges | 640/8 | €540 | €465 | -€75 | -13.9% |
| Gross operating margin | 9900 | -€942 | €3,425 | +€4,367 | |
| Operating profit (loss) | 9901 | -€2,213 | €2,062 | +€4,275 | |
| Financial income | 75/76B | €153 | €54 | -€99 | -64.8% |
| Recurring financial income | 75 | €153 | €54 | -€99 | -64.8% |
| Financial charges | 65/66B | €42 | €43 | +€1 | +3.3% |
| Recurring financial charges | 65 | €42 | €43 | +€1 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,102 | €2,073 | +€4,175 | |
| Income taxes | 67/77 | - | €185 | +€185 | |
| Profit (loss) for the period | 9904 | -€2,102 | €1,888 | +€3,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,102 | €1,888 | +€3,990 |
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 29 October 2026 via checked.be.