HENRI MONNENS: 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.
HENRI MONNENS
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash +€34,441
up €34,441 (+29.6%), from €116,297 to €150,738
mainly Net result for the year (+€72,855) and Depreciation (+€15,200)
- Tangible fixed assets -€8,664
down €8,664 (-19.5%), from €44,429 to €35,764
- Reserves +€72,855
up €72,855 (+44.1%), from €165,188 to €238,044
- Tax, wage and social debts -€4,778
down €4,778 (-26.7%), from €17,864 to €13,086
- Gross operating margin -€16,758
down €16,758 (-12.1%), from €139,023 to €122,265
- Staff costs -€2,950
down €2,950 (-100%), from €2,950 to €0
- Taxes -€2,598
down €2,598 (-7.2%), from €35,982 to €33,385
- Depreciation +€2,556
up €2,556 (+20.2%), from €12,644 to €15,200
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 | €187,816 | €256,489 | +€68,673 | +36.6% |
| Fixed assets | 21/28 | €44,429 | €35,764 | -€8,664 | -19.5% |
| Tangible fixed assets | 22/27 | €44,429 | €35,764 | -€8,664 | -19.5% |
| Furniture and vehicles | 24 | €44,429 | €35,764 | -€8,664 | -19.5% |
| Current assets | 29/58 | €143,387 | €220,724 | +€77,337 | +53.9% |
| Amounts receivable within one year | 40/41 | €26,015 | €28,466 | +€2,451 | +9.4% |
| Trade receivables | 40 | €26,015 | €26,850 | +€835 | +3.2% |
| Other amounts receivable | 41 | €0 | €1,616 | +€1,616 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €116,297 | €150,738 | +€34,441 | +29.6% |
| Deferred charges and accrued income | 490/1 | €1,076 | €1,520 | +€445 | +41.4% |
| Total equity and liabilities | 10/49 | €187,816 | €256,489 | +€68,673 | +36.6% |
| Equity | 10/15 | €167,188 | €240,044 | +€72,855 | +43.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €165,188 | €238,044 | +€72,855 | +44.1% |
| Distributable reserves | 133 | €165,188 | €238,044 | +€72,855 | +44.1% |
| Amounts payable | 17/49 | €20,627 | €16,445 | -€4,182 | -20.3% |
| Amounts payable within one year | 42/48 | €20,627 | €16,445 | -€4,182 | -20.3% |
| Financial debts | 43 | - | €2,170 | +€2,170 | |
| Credit institutions | 430/8 | - | €2,170 | +€2,170 | |
| Trade debts | 44 | €915 | €1,189 | +€274 | +29.9% |
| Suppliers | 440/4 | €915 | €1,189 | +€274 | +29.9% |
| Taxes, remuneration and social security | 45 | €17,864 | €13,086 | -€4,778 | -26.7% |
| Taxes | 450/3 | €17,864 | €13,086 | -€4,778 | -26.7% |
| Other amounts payable | 47/48 | €1,849 | €0 | -€1,849 | -100% |
| Remuneration, social security and pensions | 62 | €2,950 | €0 | -€2,950 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,644 | €15,200 | +€2,556 | +20.2% |
| Other operating charges | 640/8 | €689 | €700 | +€11 | +1.6% |
| Gross operating margin | 9900 | €139,023 | €122,265 | -€16,758 | -12.1% |
| Operating profit (loss) | 9901 | €122,740 | €106,365 | -€16,375 | -13.3% |
| Financial income | 75/76B | - | €240 | +€240 | |
| Recurring financial income | 75 | - | €240 | +€240 | |
| Financial charges | 65/66B | €134 | €365 | +€231 | +172% |
| Recurring financial charges | 65 | €134 | €365 | +€231 | +172% |
| Profit (loss) for the period before taxes | 9903 | €122,606 | €106,240 | -€16,366 | -13.3% |
| Income taxes | 67/77 | €35,982 | €33,385 | -€2,598 | -7.2% |
| Profit (loss) for the period | 9904 | €86,623 | €72,855 | -€13,768 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,623 | €72,855 | -€13,768 | -15.9% |
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 29 October 2026 via checked.be.