Van Mol-Waterschoot: 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.
Van Mol-Waterschoot
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Stocks and contracts -€65,217
no longer reported in 2025 (was €65,217)
- Cash -€54,061
down €54,061 (-47.4%), from €114,148 to €60,087
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€41,905)
- Tangible fixed assets +€36,929
up €36,929 (+536%), from €6,891 to €43,819
of which Furniture and vehicles: +€38,521
- Receivables within one year -€5,594
down €5,594 (-16.7%), from €33,536 to €27,942
of which Other amounts receivable: -€5,594
- Reserves +€165,351
up €165,351 (+87.6%), from €188,651 to €354,003
- Trade debts -€28,185
down €28,185 (-97.4%), from €28,949 to €764
- Tax, wage and social debts -€21,725
down €21,725 (-70.3%), from €30,910 to €9,185
- Other debts -€7,732
down €7,732 (-54.4%), from €14,203 to €6,471
- Gross operating margin +€145,362
up €145,362 (+139%), from €104,302 to €249,664
- Taxes +€49,899
up €49,899 (+172%), from €28,948 to €78,847
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 | €270,845 | €378,554 | +€107,709 | +39.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,891 | €43,819 | +€36,929 | +536% |
| Tangible fixed assets | 22/27 | €6,891 | €43,819 | +€36,929 | +536% |
| Plant, machinery and equipment | 23 | €3,286 | €1,694 | -€1,592 | -48.4% |
| Furniture and vehicles | 24 | €3,604 | €42,125 | +€38,521 | +1,069% |
| Current assets | 29/58 | €263,955 | €334,735 | +€70,780 | +26.8% |
| Amounts receivable after more than one year | 29 | €47,465 | €42,515 | -€4,949 | -10.4% |
| Other amounts receivable | 291 | €47,465 | €42,515 | -€4,949 | -10.4% |
| Stocks and contracts in progress | 3 | €65,217 | - | -€65,217 | |
| Contracts in progress | 37 | €65,217 | - | -€65,217 | |
| Amounts receivable within one year | 40/41 | €33,536 | €27,942 | -€5,594 | -16.7% |
| Trade receivables | 40 | €1,214 | €1,214 | = | 0.0% |
| Other amounts receivable | 41 | €32,322 | €26,728 | -€5,594 | -17.3% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €114,148 | €60,087 | -€54,061 | -47.4% |
| Deferred charges and accrued income | 490/1 | €3,589 | €4,191 | +€601 | +16.8% |
| Total equity and liabilities | 10/49 | €270,845 | €378,554 | +€107,709 | +39.8% |
| Equity | 10/15 | €194,851 | €360,203 | +€165,351 | +84.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,651 | €354,003 | +€165,351 | +87.6% |
| Distributable reserves | 133 | €188,651 | €354,003 | +€165,351 | +87.6% |
| Amounts payable | 17/49 | €75,994 | €18,351 | -€57,642 | -75.9% |
| Amounts payable within one year | 42/48 | €75,994 | €18,351 | -€57,642 | -75.9% |
| Financial debts | 43 | €1,931 | €1,931 | = | 0.0% |
| Credit institutions | 430/8 | €1,931 | €1,931 | = | 0.0% |
| Trade debts | 44 | €28,949 | €764 | -€28,185 | -97.4% |
| Suppliers | 440/4 | €28,949 | €764 | -€28,185 | -97.4% |
| Taxes, remuneration and social security | 45 | €30,910 | €9,185 | -€21,725 | -70.3% |
| Taxes | 450/3 | €30,910 | €9,185 | -€21,725 | -70.3% |
| Other amounts payable | 47/48 | €14,203 | €6,471 | -€7,732 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,477 | €4,976 | +€499 | +11.1% |
| Other operating charges | 640/8 | €1,403 | €1,871 | +€468 | +33.3% |
| Gross operating margin | 9900 | €104,302 | €249,664 | +€145,362 | +139% |
| Operating profit (loss) | 9901 | €98,422 | €242,817 | +€144,396 | +147% |
| Financial income | 75/76B | €2,022 | €3,151 | +€1,130 | +55.9% |
| Recurring financial income | 75 | €2,022 | €3,151 | +€1,130 | +55.9% |
| Financial charges | 65/66B | €2,706 | €1,770 | -€936 | -34.6% |
| Recurring financial charges | 65 | €2,706 | €1,770 | -€936 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €97,738 | €244,198 | +€146,461 | +150% |
| Income taxes | 67/77 | €28,948 | €78,847 | +€49,899 | +172% |
| Profit (loss) for the period | 9904 | €68,789 | €165,351 | +€96,562 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €68,789 | €165,351 | +€96,562 | +140% |
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 23 October 2026 via checked.be.