M.O.N.A.: 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.
M.O.N.A.
Largest movements
- Cash -€21,962
down €21,962 (-65.1%), from €33,760 to €11,798
mainly Debts after one year (-€33,453) and Other debts (-€25,121)
- Reserves +€42,750
up €42,750 (+6.1%), from €698,010 to €740,760
of which Distributable reserves: +€42,750
- Debts after one year -€33,453
down €33,453 (-61.0%), from €54,882 to €21,430
- Other debts -€25,121
down €25,121 (-11.9%), from €211,233 to €186,112
- Financial income +€52,575
up €52,575, from €0 to €52,575
- Gross operating margin -€32,578
down €32,578 (-73.3%), from €44,469 to €11,891
- Other operating charges -€4,376
down €4,376 (-64.9%), from €6,744 to €2,368
- Depreciation -€1,323
down €1,323 (-52.6%), from €2,514 to €1,191
- Taxes -€1,162
down €1,162 (-19.7%), from €5,902 to €4,739
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 | €1,075,679 | €1,055,686 | -€19,994 | -1.9% |
| Fixed assets | 21/28 | €1,006,217 | €1,000,817 | -€5,400 | -0.5% |
| Tangible fixed assets | 22/27 | €6,193 | €792 | -€5,400 | -87.2% |
| Furniture and vehicles | 24 | €6,193 | €792 | -€5,400 | -87.2% |
| Financial fixed assets | 28 | €1,000,025 | €1,000,025 | = | 0.0% |
| Current assets | 29/58 | €69,462 | €54,869 | -€14,593 | -21.0% |
| Amounts receivable within one year | 40/41 | €1,917 | €10,261 | +€8,344 | +435% |
| Trade receivables | 40 | €1,917 | €0 | -€1,917 | -100% |
| Other amounts receivable | 41 | €0 | €10,261 | +€10,261 | |
| Cash at bank and in hand | 54/58 | €33,760 | €11,798 | -€21,962 | -65.1% |
| Deferred charges and accrued income | 490/1 | €33,786 | €32,810 | -€975 | -2.9% |
| Total equity and liabilities | 10/49 | €1,075,679 | €1,055,686 | -€19,994 | -1.9% |
| Equity | 10/15 | €721,828 | €764,622 | +€42,793 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €698,010 | €740,760 | +€42,750 | +6.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €698,010 | €740,760 | +€42,750 | +6.1% |
| Profit (loss) carried forward | 14 | €5,218 | €5,262 | +€43 | +0.8% |
| Amounts payable | 17/49 | €353,851 | €291,064 | -€62,787 | -17.7% |
| Amounts payable after more than one year | 17 | €54,882 | €21,430 | -€33,453 | -61.0% |
| Financial debts | 170/4 | €54,882 | €21,430 | -€33,453 | -61.0% |
| Amounts payable within one year | 42/48 | €282,742 | €247,666 | -€35,076 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €40,384 | €32,930 | -€7,455 | -18.5% |
| Trade debts | 44 | €28,223 | €28,624 | +€401 | +1.4% |
| Suppliers | 440/4 | €28,223 | €28,624 | +€401 | +1.4% |
| Taxes, remuneration and social security | 45 | €2,902 | €0 | -€2,902 | -100% |
| Taxes | 450/3 | €2,902 | €0 | -€2,902 | -100% |
| Other amounts payable | 47/48 | €211,233 | €186,112 | -€25,121 | -11.9% |
| Accrued charges and deferred income | 492/3 | €16,227 | €21,969 | +€5,742 | +35.4% |
| Non-recurring operating income | 76A | - | €1,539 | +€1,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,514 | €1,191 | -€1,323 | -52.6% |
| Other operating charges | 640/8 | €6,744 | €2,368 | -€4,376 | -64.9% |
| Non-recurring operating charges | 66A | - | €1,250 | +€1,250 | |
| Gross operating margin | 9900 | €44,469 | €11,891 | -€32,578 | -73.3% |
| Operating profit (loss) | 9901 | €35,211 | €7,082 | -€28,129 | -79.9% |
| Financial income | 75/76B | €0 | €52,575 | +€52,575 | |
| Recurring financial income | 75 | €0 | €52,575 | +€52,575 | |
| Financial charges | 65/66B | €12,004 | €12,124 | +€120 | +1.0% |
| Recurring financial charges | 65 | €12,004 | €12,124 | +€120 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €23,207 | €47,533 | +€24,326 | +105% |
| Income taxes | 67/77 | €5,902 | €4,739 | -€1,162 | -19.7% |
| Profit (loss) for the period | 9904 | €17,305 | €42,793 | +€25,488 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €17,305 | €42,793 | +€25,488 | +147% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.