CHRISTIAN MONFILS: 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.
CHRISTIAN MONFILS
Largest movements
- Cash -€57,969
down €57,969 (-62.7%), from €92,411 to €34,442
mainly Contributions, distributions and other (-€100,335) and Other debts (-€33,542)
- Tangible fixed assets -€8,486
down €8,486 (-2.0%), from €419,340 to €410,855
of which Assets under construction and advance payments: -€50,000
- Other debts -€33,542
down €33,542 (-25.2%), from €132,860 to €99,318
- Profit (loss) carried forward -€30,345
down €30,345 (-10.1%), from €301,756 to €271,411
- Trade debts -€16,918
down €16,918 (-91.8%), from €18,431 to €1,513
- Reserves +€12,853
up €12,853 (+18.4%), from €69,991 to €82,843
- Gross operating margin +€20,667
up €20,667 (+26.1%), from €79,169 to €99,837
- Taxes +€17,230
up €17,230 (+316%), from €5,446 to €22,676
- Depreciation +€14,036
up €14,036 (+97.3%), from €14,431 to €28,467
- Other operating charges -€11,506
down €11,506 (-84.2%), from €13,664 to €2,158
- Financial income -€4,011
down €4,011 (-8.2%), from €49,014 to €45,002
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €772,543 | €705,145 | -€67,398 | -8.7% |
| Fixed assets | 21/28 | €675,173 | €666,687 | -€8,486 | -1.3% |
| Tangible fixed assets | 22/27 | €419,340 | €410,855 | -€8,486 | -2.0% |
| Land and buildings | 22 | €302,592 | €364,119 | +€61,527 | +20.3% |
| Furniture and vehicles | 24 | €66,748 | €46,736 | -€20,012 | -30.0% |
| Assets under construction and advance payments | 27 | €50,000 | - | -€50,000 | |
| Financial fixed assets | 28 | €255,832 | €255,832 | = | 0.0% |
| Current assets | 29/58 | €97,370 | €38,458 | -€58,912 | -60.5% |
| Amounts receivable after more than one year | 29 | €1,261 | €767 | -€494 | -39.2% |
| Other amounts receivable | 291 | €1,261 | €767 | -€494 | -39.2% |
| Amounts receivable within one year | 40/41 | €1,000 | €222 | -€778 | -77.8% |
| Other amounts receivable | 41 | €1,000 | €222 | -€778 | -77.8% |
| Cash at bank and in hand | 54/58 | €92,411 | €34,442 | -€57,969 | -62.7% |
| Deferred charges and accrued income | 490/1 | €2,699 | €3,027 | +€328 | +12.2% |
| Total equity and liabilities | 10/49 | €772,543 | €705,145 | -€67,398 | -8.7% |
| Equity | 10/15 | €613,746 | €596,255 | -€17,492 | -2.8% |
| Contributions | 10/11 | €242,000 | €242,000 | = | 0.0% |
| Reserves | 13 | €69,991 | €82,843 | +€12,853 | +18.4% |
| Distributable reserves | 133 | €69,991 | €82,843 | +€12,853 | +18.4% |
| Profit (loss) carried forward | 14 | €301,756 | €271,411 | -€30,345 | -10.1% |
| Amounts payable | 17/49 | €158,796 | €108,890 | -€49,906 | -31.4% |
| Amounts payable within one year | 42/48 | €158,388 | €108,507 | -€49,881 | -31.5% |
| Trade debts | 44 | €18,431 | €1,513 | -€16,918 | -91.8% |
| Suppliers | 440/4 | €18,431 | €1,513 | -€16,918 | -91.8% |
| Taxes, remuneration and social security | 45 | €7,098 | €7,676 | +€578 | +8.1% |
| Taxes | 450/3 | €7,098 | €7,676 | +€578 | +8.1% |
| Other amounts payable | 47/48 | €132,860 | €99,318 | -€33,542 | -25.2% |
| Accrued charges and deferred income | 492/3 | €408 | €383 | -€25 | -6.1% |
| Non-recurring operating income | 76A | €15,500 | - | -€15,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,431 | €28,467 | +€14,036 | +97.3% |
| Other operating charges | 640/8 | €13,664 | €2,158 | -€11,506 | -84.2% |
| Non-recurring operating charges | 66A | €2,500 | - | -€2,500 | |
| Gross operating margin | 9900 | €79,169 | €99,837 | +€20,667 | +26.1% |
| Operating profit (loss) | 9901 | €48,575 | €69,212 | +€20,637 | +42.5% |
| Financial income | 75/76B | €49,014 | €45,002 | -€4,011 | -8.2% |
| Recurring financial income | 75 | €49,014 | €45,002 | -€4,011 | -8.2% |
| Financial charges | 65/66B | €9,452 | €8,695 | -€756 | -8.0% |
| Recurring financial charges | 65 | €9,452 | €7,989 | -€1,463 | -15.5% |
| Non-recurring financial charges | 66B | - | €707 | +€707 | |
| Profit (loss) for the period before taxes | 9903 | €88,137 | €105,519 | +€17,383 | +19.7% |
| Income taxes | 67/77 | €5,446 | €22,676 | +€17,230 | +316% |
| Profit (loss) for the period | 9904 | €82,691 | €82,843 | +€153 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,691 | €82,843 | +€153 | +0.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.