MO'NA: 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.
MO'NA
Largest movements
- Tangible fixed assets -€69,146
down €69,146 (-6.8%), from €1.0m to €949,229
of which Land and buildings: -€68,852
- Cash +€47,354
up €47,354 (+344%), from €13,784 to €61,139
mainly Depreciation (+€84,743) and Net result for the year (+€42,559)
- Debts after one year -€63,456
down €63,456 (-6.5%), from €969,776 to €906,319
- Profit (loss) carried forward +€42,559
up €42,559 (+41.8%), from -€101,815 to -€59,256
- Other debts -€39,068
down €39,068 (-41.9%), from €93,179 to €54,111
- Trade debts +€35,204
up €35,204 (+15,418%), from €228 to €35,432
- Gross operating margin +€106,934
up €106,934 (+17.6%), from €606,255 to €713,190
- Staff costs +€32,535
up €32,535 (+6.2%), from €522,397 to €554,932
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 | €1,207,055 | €1,185,637 | -€21,418 | -1.8% |
| Fixed assets | 21/28 | €1,033,285 | €961,439 | -€71,846 | -7.0% |
| Intangible fixed assets | 21 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,018,375 | €949,229 | -€69,146 | -6.8% |
| Land and buildings | 22 | €987,588 | €918,736 | -€68,852 | -7.0% |
| Plant, machinery and equipment | 23 | €2,853 | - | -€2,853 | |
| Furniture and vehicles | 24 | €27,933 | €30,493 | +€2,559 | +9.2% |
| Financial fixed assets | 28 | €5,911 | €6,211 | +€300 | +5.1% |
| Current assets | 29/58 | €173,769 | €224,197 | +€50,428 | +29.0% |
| Stocks and contracts in progress | 3 | €122,469 | €134,281 | +€11,813 | +9.6% |
| Stocks | 30/36 | €122,469 | €134,281 | +€11,813 | +9.6% |
| Amounts receivable within one year | 40/41 | €37,516 | €28,777 | -€8,739 | -23.3% |
| Trade receivables | 40 | €31,340 | €16,768 | -€14,571 | -46.5% |
| Other amounts receivable | 41 | €6,177 | €12,009 | +€5,832 | +94.4% |
| Cash at bank and in hand | 54/58 | €13,784 | €61,139 | +€47,354 | +344% |
| Total equity and liabilities | 10/49 | €1,207,055 | €1,185,637 | -€21,418 | -1.8% |
| Equity | 10/15 | -€13,355 | €29,204 | +€42,559 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,860 | €69,860 | = | 0.0% |
| Distributable reserves | 133 | €69,860 | €69,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,815 | -€59,256 | +€42,559 | +41.8% |
| Amounts payable | 17/49 | €1,220,409 | €1,156,433 | -€63,977 | -5.2% |
| Amounts payable after more than one year | 17 | €969,776 | €906,319 | -€63,456 | -6.5% |
| Financial debts | 170/4 | €969,776 | €906,319 | -€63,456 | -6.5% |
| Amounts payable within one year | 42/48 | €250,634 | €250,113 | -€520 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €100,864 | €98,743 | -€2,121 | -2.1% |
| Trade debts | 44 | €228 | €35,432 | +€35,204 | +15,418% |
| Suppliers | 440/4 | €228 | €35,432 | +€35,204 | +15,418% |
| Taxes, remuneration and social security | 45 | €56,362 | €61,827 | +€5,465 | +9.7% |
| Taxes | 450/3 | €18,458 | €12,779 | -€5,679 | -30.8% |
| Remuneration and social security | 454/9 | €37,905 | €49,048 | +€11,144 | +29.4% |
| Other amounts payable | 47/48 | €93,179 | €54,111 | -€39,068 | -41.9% |
| Remuneration, social security and pensions | 62 | €522,397 | €554,932 | +€32,535 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,853 | €84,743 | -€110 | -0.1% |
| Other operating charges | 640/8 | €8,158 | €8,758 | +€600 | +7.4% |
| Gross operating margin | 9900 | €606,255 | €713,190 | +€106,934 | +17.6% |
| Operating profit (loss) | 9901 | -€9,152 | €64,757 | +€73,909 | |
| Financial income | 75/76B | €2,107 | €2,396 | +€288 | +13.7% |
| Recurring financial income | 75 | €2,107 | €2,396 | +€288 | +13.7% |
| Financial charges | 65/66B | €27,203 | €24,594 | -€2,609 | -9.6% |
| Recurring financial charges | 65 | €27,203 | €24,594 | -€2,609 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,248 | €42,559 | +€76,807 | |
| Profit (loss) for the period | 9904 | -€34,248 | €42,559 | +€76,807 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,248 | €42,559 | +€76,807 |
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 16 October 2026 via checked.be.