AM MONSEUR: 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.
AM MONSEUR
Largest movements
- Tangible fixed assets -€19,534
down €19,534 (-40.4%), from €48,295 to €28,762
of which Leasing and similar rights: -€12,000
- Receivables within one year +€3,112
up €3,112 (+19.3%), from €16,162 to €19,274
of which Trade receivables: +€3,507
- Deferred charges and accrued income +€1,656
up €1,656 (+1,429%), from €116 to €1,772
- Cash -€1,326
down €1,326 (-24.7%), from €5,357 to €4,031
mainly Debts after one year (-€12,471) and Other debts (-€3,606)
- Debts after one year -€12,471
down €12,471 (-49.0%), from €25,451 to €12,980
- Other debts -€3,606
down €3,606 (-65.0%), from €5,548 to €1,942
- Profit (loss) carried forward -€1,511
down €1,511, from €399 to -€1,112
- Tax, wage and social debts +€1,506
up €1,506 (+31.2%), from €4,832 to €6,337
- Gross operating margin -€1,173
down €1,173 (-4.6%), from €25,398 to €24,225
- Financial charges -€698
down €698 (-31.5%), from €2,215 to €1,516
- Depreciation -€407
down €407 (-2.0%), from €19,941 to €19,534
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 | €69,930 | €53,839 | -€16,091 | -23.0% |
| Fixed assets | 21/28 | €48,295 | €28,762 | -€19,534 | -40.4% |
| Tangible fixed assets | 22/27 | €48,295 | €28,762 | -€19,534 | -40.4% |
| Plant, machinery and equipment | 23 | €7,070 | €3,336 | -€3,734 | -52.8% |
| Furniture and vehicles | 24 | €4,502 | €702 | -€3,800 | -84.4% |
| Leasing and similar rights | 25 | €36,723 | €24,723 | -€12,000 | -32.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €21,635 | €25,077 | +€3,442 | +15.9% |
| Amounts receivable within one year | 40/41 | €16,162 | €19,274 | +€3,112 | +19.3% |
| Trade receivables | 40 | €15,765 | €19,272 | +€3,507 | +22.2% |
| Other amounts receivable | 41 | €397 | €2 | -€394 | -99.4% |
| Cash at bank and in hand | 54/58 | €5,357 | €4,031 | -€1,326 | -24.7% |
| Deferred charges and accrued income | 490/1 | €116 | €1,772 | +€1,656 | +1,429% |
| Total equity and liabilities | 10/49 | €69,930 | €53,839 | -€16,091 | -23.0% |
| Equity | 10/15 | €20,899 | €19,388 | -€1,511 | -7.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399 | -€1,112 | -€1,511 | |
| Amounts payable | 17/49 | €49,031 | €34,451 | -€14,580 | -29.7% |
| Amounts payable after more than one year | 17 | €25,451 | €12,980 | -€12,471 | -49.0% |
| Financial debts | 170/4 | €25,451 | €12,980 | -€12,471 | -49.0% |
| Amounts payable within one year | 42/48 | €23,581 | €21,471 | -€2,109 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €13,201 | €13,192 | -€9 | -0.1% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €4,832 | €6,337 | +€1,506 | +31.2% |
| Taxes | 450/3 | €4,832 | €6,337 | +€1,506 | +31.2% |
| Other amounts payable | 47/48 | €5,548 | €1,942 | -€3,606 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,941 | €19,534 | -€407 | -2.0% |
| Other operating charges | 640/8 | €2,224 | €2,223 | -€1 | 0.0% |
| Gross operating margin | 9900 | €25,398 | €24,225 | -€1,173 | -4.6% |
| Operating profit (loss) | 9901 | €3,233 | €2,468 | -€765 | -23.7% |
| Financial charges | 65/66B | €2,215 | €1,516 | -€698 | -31.5% |
| Recurring financial charges | 65 | €2,215 | €1,516 | -€698 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €1,019 | €952 | -€67 | -6.6% |
| Income taxes | 67/77 | €2,363 | €2,463 | +€100 | +4.2% |
| Profit (loss) for the period | 9904 | -€1,344 | -€1,511 | -€167 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,344 | -€1,511 | -€167 | -12.4% |
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.