Mon Shoe: 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.
Mon Shoe
Largest movements
- Stocks and contracts +€12,139
up €12,139 (+1.9%), from €641,413 to €653,552
- Tangible fixed assets -€10,444
down €10,444 (-14.0%), from €74,622 to €64,178
of which Plant, machinery and equipment: -€10,065
- Short-term financial debts +€169,985
new in 2024: €169,985
- Debts after one year -€169,789
down €169,789 (-93.1%), from €182,342 to €12,553
- Other debts -€22,760
down €22,760 (-22.4%), from €101,557 to €78,797
- Tax, wage and social debts +€17,764
up €17,764 (+28.7%), from €61,968 to €79,732
of which Taxes: +€27,397
- Trade debts +€10,389
up €10,389 (+42.5%), from €24,423 to €34,812
- Gross operating margin +€6,674
up €6,674 (+5.0%), from €132,182 to €138,856
- Financial income -€5,022
down €5,022 (-91.5%), from €5,488 to €466
- Staff costs +€4,490
up €4,490 (+4.3%), from €104,321 to €108,811
- Depreciation -€1,824
down €1,824 (-12.7%), from €14,362 to €12,538
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €725,130 | €723,109 | -€2,021 | -0.3% |
| Fixed assets | 21/28 | €74,731 | €64,287 | -€10,444 | -14.0% |
| Tangible fixed assets | 22/27 | €74,622 | €64,178 | -€10,444 | -14.0% |
| Land and buildings | 22 | €2,629 | €2,366 | -€263 | -10.0% |
| Plant, machinery and equipment | 23 | €71,877 | €61,812 | -€10,065 | -14.0% |
| Furniture and vehicles | 24 | €116 | €0 | -€116 | -100% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €650,399 | €658,822 | +€8,423 | +1.3% |
| Stocks and contracts in progress | 3 | €641,413 | €653,552 | +€12,139 | +1.9% |
| Stocks | 30/36 | €641,413 | €653,552 | +€12,139 | +1.9% |
| Amounts receivable within one year | 40/41 | €366 | €1,015 | +€649 | +177% |
| Trade receivables | 40 | €366 | €1,015 | +€649 | +177% |
| Cash at bank and in hand | 54/58 | €8,620 | €4,255 | -€4,365 | -50.6% |
| Total equity and liabilities | 10/49 | €725,130 | €723,109 | -€2,021 | -0.3% |
| Equity | 10/15 | €342,311 | €342,465 | +€154 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €323,711 | €323,865 | +€154 | 0.0% |
| Distributable reserves | 133 | €323,711 | €323,865 | +€154 | 0.0% |
| Amounts payable | 17/49 | €382,819 | €380,644 | -€2,175 | -0.6% |
| Amounts payable after more than one year | 17 | €182,342 | €12,553 | -€169,789 | -93.1% |
| Financial debts | 170/4 | €182,342 | €12,553 | -€169,789 | -93.1% |
| Amounts payable within one year | 42/48 | €200,477 | €368,091 | +€167,614 | +83.6% |
| Current portion of amounts payable after more than one year | 42 | €12,529 | €4,765 | -€7,764 | -62.0% |
| Financial debts | 43 | - | €169,985 | +€169,985 | |
| Credit institutions | 430/8 | - | €169,985 | +€169,985 | |
| Trade debts | 44 | €24,423 | €34,812 | +€10,389 | +42.5% |
| Suppliers | 440/4 | €24,423 | €34,812 | +€10,389 | +42.5% |
| Taxes, remuneration and social security | 45 | €61,968 | €79,732 | +€17,764 | +28.7% |
| Taxes | 450/3 | €23,807 | €51,204 | +€27,397 | +115% |
| Remuneration and social security | 454/9 | €38,161 | €28,528 | -€9,633 | -25.2% |
| Other amounts payable | 47/48 | €101,557 | €78,797 | -€22,760 | -22.4% |
| Remuneration, social security and pensions | 62 | €104,321 | €108,811 | +€4,490 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,362 | €12,538 | -€1,824 | -12.7% |
| Other operating charges | 640/8 | €1,131 | €1,284 | +€153 | +13.5% |
| Gross operating margin | 9900 | €132,182 | €138,856 | +€6,674 | +5.0% |
| Operating profit (loss) | 9901 | €12,368 | €16,223 | +€3,855 | +31.2% |
| Financial income | 75/76B | €5,488 | €466 | -€5,022 | -91.5% |
| Recurring financial income | 75 | €5,488 | €466 | -€5,022 | -91.5% |
| Financial charges | 65/66B | €16,492 | €15,805 | -€687 | -4.2% |
| Recurring financial charges | 65 | €16,492 | €15,805 | -€687 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €1,364 | €884 | -€480 | -35.2% |
| Income taxes | 67/77 | - | €731 | +€731 | |
| Profit (loss) for the period | 9904 | €1,364 | €153 | -€1,211 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,364 | €153 | -€1,211 | -88.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.