Dr. P. Monheim: 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.
Dr. P. Monheim
Largest movements
- Current investments +€341,099
up €341,099 (+16.0%), from €2.1m to €2.5m
- Reserves +€280,942
up €280,942 (+13.6%), from €2.1m to €2.4m
- Other debts +€37,049
up €37,049 (+34.0%), from €108,823 to €145,872
- Gross operating margin +€23,977
up €23,977 (+4.9%), from €486,447 to €510,424
- Financial income +€21,326
up €21,326 (+82.6%), from €25,818 to €47,144
- Taxes +€16,097
up €16,097 (+10.3%), from €156,365 to €172,462
- Financial charges -€5,383
down €5,383 (-76.5%), from €7,035 to €1,652
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 | €2,219,259 | €2,545,000 | +€325,741 | +14.7% |
| Fixed assets | 21/28 | €7,166 | €6,554 | -€612 | -8.5% |
| Tangible fixed assets | 22/27 | €7,166 | €6,554 | -€612 | -8.5% |
| Plant, machinery and equipment | 23 | €5,559 | €5,559 | = | 0.0% |
| Furniture and vehicles | 24 | €1,607 | €995 | -€612 | -38.1% |
| Current assets | 29/58 | €2,212,093 | €2,538,447 | +€326,354 | +14.8% |
| Amounts receivable within one year | 40/41 | €152 | €0 | -€152 | -100% |
| Trade receivables | 40 | €152 | €0 | -€152 | -100% |
| Current investments | 50/53 | €2,128,745 | €2,469,844 | +€341,099 | +16.0% |
| Cash at bank and in hand | 54/58 | €64,368 | €38,979 | -€25,389 | -39.4% |
| Deferred charges and accrued income | 490/1 | €18,828 | €29,624 | +€10,796 | +57.3% |
| Total equity and liabilities | 10/49 | €2,219,259 | €2,545,000 | +€325,741 | +14.7% |
| Equity | 10/15 | €2,073,640 | €2,354,582 | +€280,942 | +13.5% |
| Contributions | 10/11 | €2,800 | €2,800 | = | 0.0% |
| Reserves | 13 | €2,070,840 | €2,351,782 | +€280,942 | +13.6% |
| Distributable reserves | 133 | €2,070,840 | €2,351,782 | +€280,942 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €145,618 | €190,418 | +€44,800 | +30.8% |
| Amounts payable within one year | 42/48 | €144,025 | €189,285 | +€45,260 | +31.4% |
| Trade debts | 44 | €0 | €504 | +€504 | |
| Suppliers | 440/4 | €0 | €504 | +€504 | |
| Taxes, remuneration and social security | 45 | €35,202 | €42,908 | +€7,706 | +21.9% |
| Taxes | 450/3 | €35,202 | €42,908 | +€7,706 | +21.9% |
| Other amounts payable | 47/48 | €108,823 | €145,872 | +€37,049 | +34.0% |
| Accrued charges and deferred income | 492/3 | €1,593 | €1,133 | -€460 | -28.9% |
| Remuneration, social security and pensions | 62 | €2,782 | €983 | -€1,799 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612 | €612 | = | 0.0% |
| Other operating charges | 640/8 | €894 | €917 | +€23 | +2.6% |
| Gross operating margin | 9900 | €486,447 | €510,424 | +€23,977 | +4.9% |
| Operating profit (loss) | 9901 | €482,159 | €507,912 | +€25,753 | +5.3% |
| Financial income | 75/76B | €25,818 | €47,144 | +€21,326 | +82.6% |
| Recurring financial income | 75 | €25,818 | €47,144 | +€21,326 | +82.6% |
| Financial charges | 65/66B | €7,035 | €1,652 | -€5,383 | -76.5% |
| Recurring financial charges | 65 | €7,035 | €1,652 | -€5,383 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €500,941 | €553,403 | +€52,462 | +10.5% |
| Income taxes | 67/77 | €156,365 | €172,462 | +€16,097 | +10.3% |
| Profit (loss) for the period | 9904 | €344,576 | €380,942 | +€36,366 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €344,576 | €380,942 | +€36,366 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.