M.O.N.D.E.: 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.
What changed
M.O.N.D.E.
NACE 86.109, Human health activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€116,371
2024 · €112,795+€3,577
Equity
€880,094
2024 · €769,723+€110,371
Cash
€35,055
2024 · €24,199+€10,856
Balance sheet total
€1.7m
2024 · €2.0m-€330,114
Largest movements
Assets
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets -€105,615
down €105,615 (-6.4%), from €1.7m to €1.5m
of which Land and buildings: -€98,671
Equity and liabilities
- Other debts -€424,744
down €424,744 (-57.9%), from €733,226 to €308,482
- Reserves +€110,371
up €110,371 (+14.5%), from €763,523 to €873,894
of which Distributable reserves: +€114,955
- Debts after one year -€25,521
down €25,521 (-8.5%), from €300,563 to €275,043
Income statement
- Gross operating margin -€18,668
down €18,668 (-5.2%), from €361,628 to €342,960
- Financial charges -€17,423
down €17,423 (-34.2%), from €50,926 to €33,503
- Depreciation -€3,838
down €3,838 (-3.1%), from €123,395 to €119,557
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.
Result 2024
€112,795
Gross operating margin
-€18,668
Staff costs
+€1,997
Depreciation
+€3,838
Other operating charges
-€503
Financial income
-€693
Financial charges
+€17,423
Taxes
+€183
Result 2025
€116,371
raises the resultlowers the result
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.
From operations
-€212,252
Investment
+€236,058
Financing
-€12,950
Cash 2024
€24,199
From operations (derived)
-€212,252
Net result for the year
+€116,371
Depreciation
+€119,557
Receivables within one year
-€12,870
Deferred charges and accrued income
-€1,775
Provisions
-€2,350
Trade debts
+€2,757
Tax, wage and social debts
-€12,066
Other debts
-€424,744
Accrued charges and deferred income
+€2,867
Investment (derived)
+€236,058
Investment in fixed assets (net)
-€13,942
Current investments
+€250,000
Financing
-€12,950
Debts after one year
-€25,521
Current portion of long-term debt
+€18,570
Contributions, distributions and other
-€6,000
Cash 2025
€35,055
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,992,822 | €1,662,708 | -€330,114 | -16.6% |
| Fixed assets | 21/28 | €1,653,755 | €1,548,140 | -€105,615 | -6.4% |
| Tangible fixed assets | 22/27 | €1,653,755 | €1,548,140 | -€105,615 | -6.4% |
| Land and buildings | 22 | €1,636,345 | €1,537,674 | -€98,671 | -6.0% |
| Furniture and vehicles | 24 | €17,410 | €10,466 | -€6,944 | -39.9% |
| Current assets | 29/58 | €339,067 | €114,568 | -€224,499 | -66.2% |
| Amounts receivable within one year | 40/41 | €40,969 | €53,838 | +€12,870 | +31.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €40,969 | €53,838 | +€12,870 | +31.4% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €24,199 | €35,055 | +€10,856 | +44.9% |
| Deferred charges and accrued income | 490/1 | €23,900 | €25,675 | +€1,775 | +7.4% |
| Total equity and liabilities | 10/49 | €1,992,822 | €1,662,708 | -€330,114 | -16.6% |
| Equity | 10/15 | €769,723 | €880,094 | +€110,371 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €763,523 | €873,894 | +€110,371 | +14.5% |
| Non-distributable reserves | 130/1 | €7,929 | €7,929 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,929 | €7,929 | = | 0.0% |
| Tax-exempt reserves | 132 | €135,637 | €131,053 | -€4,584 | -3.4% |
| Distributable reserves | 133 | €619,958 | €734,913 | +€114,955 | +18.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €46,783 | €44,433 | -€2,350 | -5.0% |
| Deferred taxes | 168 | €46,783 | €44,433 | -€2,350 | -5.0% |
| Amounts payable | 17/49 | €1,176,316 | €738,181 | -€438,135 | -37.2% |
| Amounts payable after more than one year | 17 | €300,563 | €275,043 | -€25,521 | -8.5% |
| Financial debts | 170/4 | €300,563 | €275,043 | -€25,521 | -8.5% |
| Amounts payable within one year | 42/48 | €875,102 | €459,620 | -€415,482 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €100,688 | €119,258 | +€18,570 | +18.4% |
| Trade debts | 44 | €836 | €3,593 | +€2,757 | +330% |
| Suppliers | 440/4 | €836 | €3,593 | +€2,757 | +330% |
| Taxes, remuneration and social security | 45 | €40,353 | €28,287 | -€12,066 | -29.9% |
| Taxes | 450/3 | €38,863 | €24,095 | -€14,768 | -38.0% |
| Remuneration and social security | 454/9 | €1,490 | €4,192 | +€2,702 | +181% |
| Other amounts payable | 47/48 | €733,226 | €308,482 | -€424,744 | -57.9% |
| Accrued charges and deferred income | 492/3 | €650 | €3,517 | +€2,867 | +441% |
| Remuneration, social security and pensions | 62 | €12,441 | €10,444 | -€1,997 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,395 | €119,557 | -€3,838 | -3.1% |
| Other operating charges | 640/8 | €17,788 | €18,291 | +€503 | +2.8% |
| Gross operating margin | 9900 | €361,628 | €342,960 | -€18,668 | -5.2% |
| Operating profit (loss) | 9901 | €208,004 | €194,668 | -€13,336 | -6.4% |
| Financial income | 75/76B | €4,608 | €3,915 | -€693 | -15.0% |
| Recurring financial income | 75 | €4,608 | €3,915 | -€693 | -15.0% |
| Financial charges | 65/66B | €50,926 | €33,503 | -€17,423 | -34.2% |
| Recurring financial charges | 65 | €50,926 | €33,503 | -€17,423 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €161,686 | €165,080 | +€3,394 | +2.1% |
| Transfer from deferred taxes | 780 | €2,350 | €2,350 | = | 0.0% |
| Income taxes | 67/77 | €51,241 | €51,059 | -€183 | -0.4% |
| Profit (loss) for the period | 9904 | €112,795 | €116,371 | +€3,577 | +3.2% |
| Transfer from tax-exempt reserves | 789 | €4,584 | €4,584 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €117,378 | €120,955 | +€3,577 | +3.0% |
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 17 October 2026 via checked.be.