MON VC: 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.
MON VC
Largest movements
- Tangible fixed assets -€10,654
down €10,654 (-37.7%), from €28,264 to €17,610
of which Plant, machinery and equipment: -€10,297
- Cash +€7,608
up €7,608 (+84.0%), from €9,062 to €16,670
mainly Depreciation (+€10,937) and Net result for the year (+€3,580)
- Deferred charges and accrued income -€2,548
down €2,548 (-72.1%), from €3,535 to €987
- Receivables within one year +€982
up €982 (+16.4%), from €5,985 to €6,967
of which Other amounts receivable: +€1,495
- Accrued charges and deferred income -€8,658
down €8,658 (-95.3%), from €9,087 to €429
- Reserves +€3,580
up €3,580 (+20.7%), from €17,266 to €20,846
- Tax, wage and social debts +€1,107
up €1,107 (+183.3%), from €604 to €1,710
- Other debts -€902
no longer reported in 2025 (was €902)
- Gross operating margin +€1,941
up €1,941 (+4.2%), from €46,070 to €48,012
- Taxes +€1,556
up €1,556 (+1010.6%), from €154 to €1,710
- Other operating charges -€1,131
down €1,131 (-63.3%), from €1,786 to €655
- Depreciation +€859
up €859 (+8.5%), from €10,078 to €10,937
- Staff costs -€829
down €829 (-2.6%), from €31,833 to €31,005
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 | €48,642 | €43,690 | -€4,952 | -10.2% |
| Fixed assets | 21/28 | €28,264 | €17,610 | -€10,654 | -37.7% |
| Tangible fixed assets | 22/27 | €28,264 | €17,610 | -€10,654 | -37.7% |
| Land and buildings | 22 | €390 | €324 | -€66 | -16.9% |
| Plant, machinery and equipment | 23 | €26,570 | €16,273 | -€10,297 | -38.8% |
| Furniture and vehicles | 24 | €1,304 | €1,013 | -€292 | -22.4% |
| Current assets | 29/58 | €20,378 | €26,081 | +€5,703 | +28.0% |
| Stocks and contracts in progress | 3 | €1,796 | €1,457 | -€340 | -18.9% |
| Stocks | 30/36 | €1,796 | €1,457 | -€340 | -18.9% |
| Amounts receivable within one year | 40/41 | €5,985 | €6,967 | +€982 | +16.4% |
| Trade receivables | 40 | €889 | €376 | -€513 | -57.7% |
| Other amounts receivable | 41 | €5,096 | €6,591 | +€1,495 | +29.3% |
| Cash at bank and in hand | 54/58 | €9,062 | €16,670 | +€7,608 | +84.0% |
| Deferred charges and accrued income | 490/1 | €3,535 | €987 | -€2,548 | -72.1% |
| Total equity and liabilities | 10/49 | €48,642 | €43,690 | -€4,952 | -10.2% |
| Equity | 10/15 | €35,866 | €39,446 | +€3,580 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,266 | €20,846 | +€3,580 | +20.7% |
| Distributable reserves | 133 | €17,266 | €20,846 | +€3,580 | +20.7% |
| Amounts payable | 17/49 | €12,776 | €4,244 | -€8,532 | -66.8% |
| Amounts payable within one year | 42/48 | €3,689 | €3,815 | +€126 | +3.4% |
| Trade debts | 44 | €2,183 | €2,105 | -€79 | -3.6% |
| Suppliers | 440/4 | €2,183 | €2,105 | -€79 | -3.6% |
| Taxes, remuneration and social security | 45 | €604 | €1,710 | +€1,107 | +183.3% |
| Taxes | 450/3 | €604 | €1,710 | +€1,107 | +183.3% |
| Other amounts payable | 47/48 | €902 | - | -€902 | |
| Accrued charges and deferred income | 492/3 | €9,087 | €429 | -€8,658 | -95.3% |
| Non-recurring operating income | 76A | €14,707 | - | -€14,707 | |
| Remuneration, social security and pensions | 62 | €31,833 | €31,005 | -€829 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,078 | €10,937 | +€859 | +8.5% |
| Other operating charges | 640/8 | €1,786 | €655 | -€1,131 | -63.3% |
| Gross operating margin | 9900 | €46,070 | €48,012 | +€1,941 | +4.2% |
| Operating profit (loss) | 9901 | €2,373 | €5,415 | +€3,042 | +128.2% |
| Financial income | 75/76B | €34 | €21 | -€14 | -40.4% |
| Recurring financial income | 75 | €34 | €21 | -€14 | -40.4% |
| Financial charges | 65/66B | €380 | €145 | -€235 | -61.9% |
| Recurring financial charges | 65 | €380 | €145 | -€235 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €2,027 | €5,290 | +€3,263 | +161.0% |
| Income taxes | 67/77 | €154 | €1,710 | +€1,556 | +1010.6% |
| Profit (loss) for the period | 9904 | €1,873 | €3,580 | +€1,707 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,873 | €3,580 | +€1,707 | +91.1% |
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 8 October 2026 via checked.be.