IL MONELLO: what changed
Two fiscal 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.
IL MONELLO
Largest movements
- Tangible fixed assets -€1,539
down €1,539 (-28.2%), from €5,452 to €3,913
of which Other tangible fixed assets: -€941
- Cash -€1,330
down €1,330 (-14.6%), from €9,079 to €7,749
mainly Debts after one year (-€23,465) and Trade debts (-€177)
- Stocks and contracts -€192
down €192 (-10.9%), from €1,750 to €1,559
- Debts after one year -€23,465
down €23,465 (-28.4%), from €82,511 to €59,046
- Profit (loss) carried forward +€20,490
up €20,490 (+21.6%), from -€95,081 to -€74,591
- Gross operating margin -€2,621
down €2,621 (-10.2%), from €25,616 to €22,994
- Write-downs +€415
up €415 (+467.9%), from €89 to €504
- Other operating charges -€387
no longer reported in 2025 (was €387)
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.
Cash bridge derived
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 | €18,507 | €15,355 | -€3,152 | -17.0% |
| Fixed assets | 21/28 | €7,054 | €5,515 | -€1,539 | -21.8% |
| Tangible fixed assets | 22/27 | €5,452 | €3,913 | -€1,539 | -28.2% |
| Leasing and similar rights | 25 | €651 | €52 | -€599 | -91.9% |
| Other tangible fixed assets | 26 | €4,801 | €3,861 | -€941 | -19.6% |
| Financial fixed assets | 28 | €1,602 | €1,602 | = | 0.0% |
| Current assets | 29/58 | €11,453 | €9,840 | -€1,613 | -14.1% |
| Stocks and contracts in progress | 3 | €1,750 | €1,559 | -€192 | -10.9% |
| Stocks | 30/36 | €1,750 | €1,559 | -€192 | -10.9% |
| Amounts receivable within one year | 40/41 | €625 | €533 | -€92 | -14.7% |
| Trade receivables | 40 | €233 | €358 | +€125 | +53.7% |
| Other amounts receivable | 41 | €391 | €174 | -€217 | -55.4% |
| Cash at bank and in hand | 54/58 | €9,079 | €7,749 | -€1,330 | -14.6% |
| Total equity and liabilities | 10/49 | €18,507 | €15,355 | -€3,152 | -17.0% |
| Equity | 10/15 | -€65,081 | -€44,591 | +€20,490 | +31.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,081 | -€74,591 | +€20,490 | +21.6% |
| Amounts payable | 17/49 | €83,588 | €59,946 | -€23,642 | -28.3% |
| Amounts payable after more than one year | 17 | €82,511 | €59,046 | -€23,465 | -28.4% |
| Financial debts | 170/4 | €82,511 | €59,046 | -€23,465 | -28.4% |
| Amounts payable within one year | 42/48 | €1,077 | €900 | -€177 | -16.5% |
| Trade debts | 44 | €1,077 | €900 | -€177 | -16.5% |
| Suppliers | 440/4 | €1,077 | €900 | -€177 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,627 | €1,539 | -€88 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €89 | €504 | +€415 | +467.9% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €25,616 | €22,994 | -€2,621 | -10.2% |
| Operating profit (loss) | 9901 | €23,512 | €20,951 | -€2,562 | -10.9% |
| Financial income | 75/76B | €13 | €53 | +€40 | +311.7% |
| Recurring financial income | 75 | €13 | €53 | +€40 | +311.7% |
| Financial charges | 65/66B | €749 | €506 | -€243 | -32.4% |
| Recurring financial charges | 65 | €749 | €506 | -€243 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €22,777 | €20,498 | -€2,279 | -10.0% |
| Income taxes | 67/77 | €3 | €8 | +€5 | +147.4% |
| Profit (loss) for the period | 9904 | €22,774 | €20,490 | -€2,284 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,774 | €20,490 | -€2,284 | -10.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.