EPS MONIZZE: 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.
EPS MONIZZE
Largest movements
- Receivables within one year -€11.1m
down €11.1m (-12.6%), from €88.2m to €77.1m
of which Other amounts receivable: -€10.8m
- Cash +€9.2m
up €9.2m (+84.5%), from €10.8m to €20.0m
mainly Receivables within one year (+€11.1m) and Net result for the year (+€4.5m)
- Other debts -€5.1m
down €5.1m (-5.2%), from €97.0m to €91.9m
- Profit (loss) carried forward +€2.2m
up €2.2m (+448%), from €484,394 to €2.7m
- Reserves +€999,875
up €999,875 (+1,000%), from €100,000 to €1.1m
of which Tax-exempt reserves: +€999,875
- Financial income -€776,613
down €776,613 (-29.4%), from €2.6m to €1.9m
- Taxes -€227,742
down €227,742 (-13.2%), from €1.7m to €1.5m
- Gross operating margin -€167,334
down €167,334 (-3.9%), from €4.3m to €4.1m
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 | €99,048,851 | €97,097,318 | -€2.0m | -2.0% |
| Fixed assets | 21/28 | €3,770 | €187 | -€3,583 | -95.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,583 | - | -€3,583 | |
| Furniture and vehicles | 24 | €3,583 | - | -€3,583 | |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €99,045,081 | €97,097,131 | -€1.9m | -2.0% |
| Amounts receivable within one year | 40/41 | €88,198,152 | €77,086,754 | -€11.1m | -12.6% |
| Trade receivables | 40 | €2,208,502 | €1,932,488 | -€276,013 | -12.5% |
| Other amounts receivable | 41 | €85,989,650 | €75,154,266 | -€10.8m | -12.6% |
| Cash at bank and in hand | 54/58 | €10,846,529 | €20,010,377 | +€9.2m | +84.5% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €99,048,851 | €97,097,318 | -€2.0m | -2.0% |
| Equity | 10/15 | €1,584,394 | €4,752,513 | +€3.2m | +200% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €1,099,875 | +€999,875 | +1,000% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €999,875 | +€999,875 | |
| Profit (loss) carried forward | 14 | €484,394 | €2,652,638 | +€2.2m | +448% |
| Amounts payable | 17/49 | €97,464,457 | €92,344,805 | -€5.1m | -5.3% |
| Amounts payable within one year | 42/48 | €97,464,457 | €92,329,667 | -€5.1m | -5.3% |
| Trade debts | 44 | €185,183 | €327,833 | +€142,650 | +77.0% |
| Suppliers | 440/4 | €185,183 | €327,833 | +€142,650 | +77.0% |
| Taxes, remuneration and social security | 45 | €273,836 | €86,001 | -€187,835 | -68.6% |
| Taxes | 450/3 | €273,836 | €86,001 | -€187,835 | -68.6% |
| Other amounts payable | 47/48 | €97,005,438 | €91,915,833 | -€5.1m | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €15,138 | +€15,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,260 | €3,583 | -€11,676 | -76.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €10,713 | €998 | -€9,715 | -90.7% |
| Gross operating margin | 9900 | €4,269,749 | €4,102,415 | -€167,334 | -3.9% |
| Operating profit (loss) | 9901 | €4,243,776 | €4,097,833 | -€145,943 | -3.4% |
| Financial income | 75/76B | €2,644,932 | €1,868,319 | -€776,613 | -29.4% |
| Recurring financial income | 75 | €2,644,932 | €1,868,319 | -€776,613 | -29.4% |
| Financial charges | 65/66B | €3,846 | €4,559 | +€713 | +18.5% |
| Recurring financial charges | 65 | €3,846 | €4,559 | +€713 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €6,884,862 | €5,961,593 | -€923,269 | -13.4% |
| Income taxes | 67/77 | €1,721,216 | €1,493,474 | -€227,742 | -13.2% |
| Profit (loss) for the period | 9904 | €5,163,646 | €4,468,119 | -€695,527 | -13.5% |
| Transfer to tax-exempt reserves | 689 | - | €999,875 | +€999,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,163,646 | €3,468,244 | -€1.7m | -32.8% |
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 31 October 2026 via checked.be.