XAVIER VAN MOLLE: 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.
XAVIER VAN MOLLE
Largest movements
- Financial fixed assets -€650,000
down €650,000 (-100%), from €650,000 to €0
- Tangible fixed assets -€510,817
down €510,817 (-93.0%), from €549,108 to €38,291
of which Land and buildings: -€497,048
- Cash +€413,241
up €413,241 (+2,435%), from €16,971 to €430,212
mainly Investment in fixed assets (net) (+€1.1m) and Receivables within one year (+€244,840)
- Receivables within one year -€244,840
down €244,840 (-99.5%), from €246,139 to €1,299
of which Other amounts receivable: -€245,093
- Stocks and contracts -€178,985
down €178,985 (-9.4%), from €1.9m to €1.7m
- Short-term financial debts -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Debts after one year -€226,587
down €226,587 (-29.4%), from €770,000 to €543,413
- Reserves +€66,159
up €66,159 (+4.6%), from €1.4m to €1.5m
of which Distributable reserves: +€66,159
- Financial income +€182,828
up €182,828 (+122%), from €149,595 to €332,422
of which Non-recurring financial income: +€182,801
- Financial charges -€64,067
down €64,067 (-59.9%), from €107,035 to €42,968
- Depreciation -€15,673
down €15,673 (-53.2%), from €29,443 to €13,770
- Gross operating margin +€8,938
up €8,938, from -€1,414 to €7,524
- Taxes +€6,598
up €6,598 (+2,912%), from €227 to €6,824
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 | €3,379,457 | €2,208,200 | -€1.2m | -34.7% |
| Fixed assets | 21/28 | €1,199,108 | €38,291 | -€1.2m | -96.8% |
| Tangible fixed assets | 22/27 | €549,108 | €38,291 | -€510,817 | -93.0% |
| Land and buildings | 22 | €497,048 | €0 | -€497,048 | -100% |
| Furniture and vehicles | 24 | €52,060 | €38,291 | -€13,770 | -26.4% |
| Financial fixed assets | 28 | €650,000 | €0 | -€650,000 | -100% |
| Current assets | 29/58 | €2,180,349 | €2,169,909 | -€10,440 | -0.5% |
| Stocks and contracts in progress | 3 | €1,913,738 | €1,734,753 | -€178,985 | -9.4% |
| Stocks | 30/36 | €1,913,738 | €1,734,753 | -€178,985 | -9.4% |
| Amounts receivable within one year | 40/41 | €246,139 | €1,299 | -€244,840 | -99.5% |
| Trade receivables | 40 | €0 | €253 | +€253 | |
| Other amounts receivable | 41 | €246,139 | €1,046 | -€245,093 | -99.6% |
| Cash at bank and in hand | 54/58 | €16,971 | €430,212 | +€413,241 | +2,435% |
| Deferred charges and accrued income | 490/1 | €3,500 | €3,644 | +€144 | +4.1% |
| Total equity and liabilities | 10/49 | €3,379,457 | €2,208,200 | -€1.2m | -34.7% |
| Equity | 10/15 | €1,459,895 | €1,526,054 | +€66,159 | +4.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,439,895 | €1,506,054 | +€66,159 | +4.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,437,895 | €1,504,054 | +€66,159 | +4.6% |
| Amounts payable | 17/49 | €1,919,562 | €682,145 | -€1.2m | -64.5% |
| Amounts payable after more than one year | 17 | €770,000 | €543,413 | -€226,587 | -29.4% |
| Financial debts | 170/4 | €770,000 | €543,413 | -€226,587 | -29.4% |
| Amounts payable within one year | 42/48 | €1,149,562 | €138,732 | -€1.0m | -87.9% |
| Financial debts | 43 | €1,044,000 | €0 | -€1.0m | -100% |
| Credit institutions | 430/8 | €1,044,000 | €0 | -€1.0m | -100% |
| Trade debts | 44 | €2,371 | €4,533 | +€2,162 | +91.2% |
| Suppliers | 440/4 | €2,371 | €4,533 | +€2,162 | +91.2% |
| Taxes, remuneration and social security | 45 | €241 | €6,824 | +€6,583 | +2,726% |
| Taxes | 450/3 | €241 | €6,824 | +€6,583 | +2,726% |
| Other amounts payable | 47/48 | €102,949 | €127,376 | +€24,426 | +23.7% |
| Non-recurring operating income | 76A | €7,080 | €0 | -€7,080 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,443 | €13,770 | -€15,673 | -53.2% |
| Other operating charges | 640/8 | €8,783 | €4,788 | -€3,995 | -45.5% |
| Non-recurring operating charges | 66A | €97 | €205,436 | +€205,339 | +212,127% |
| Gross operating margin | 9900 | -€1,414 | €7,524 | +€8,938 | |
| Operating profit (loss) | 9901 | -€39,737 | -€216,470 | -€176,733 | -445% |
| Financial income | 75/76B | €149,595 | €332,422 | +€182,828 | +122% |
| Recurring financial income | 75 | €16 | €43 | +€27 | +167% |
| Non-recurring financial income | 76B | €149,579 | €332,379 | +€182,801 | +122% |
| Financial charges | 65/66B | €107,035 | €42,968 | -€64,067 | -59.9% |
| Recurring financial charges | 65 | €107,035 | €42,968 | -€64,067 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €2,822 | €72,984 | +€70,162 | +2,487% |
| Income taxes | 67/77 | €227 | €6,824 | +€6,598 | +2,912% |
| Profit (loss) for the period | 9904 | €2,595 | €66,159 | +€63,564 | +2,449% |
| Profit (loss) for the period to be appropriated | 9905 | €2,595 | €66,159 | +€63,564 | +2,449% |
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.