MONA: 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.
MONA
Largest movements
- Cash +€105,926
up €105,926 (+436.1%), from €24,290 to €130,216
mainly Current investments (+€100,000) and Depreciation (+€26,878)
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Tangible fixed assets -€26,878
down €26,878 (-8.2%), from €326,198 to €299,320
- Profit (loss) carried forward -€21,442
down €21,442 (-18.9%), from -€113,684 to -€135,125
- Depreciation -€15,502
down €15,502 (-36.6%), from €42,380 to €26,878
- Gross operating margin +€3,008
up €3,008 (+21.4%), from €14,076 to €17,085
- Other operating charges +€342
up €342 (+3.1%), from €11,117 to €11,459
- Financial income -€315
down €315 (-69.8%), from €452 to €136
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 | €451,470 | €429,713 | -€21,757 | -4.8% |
| Fixed assets | 21/28 | €326,198 | €299,320 | -€26,878 | -8.2% |
| Tangible fixed assets | 22/27 | €326,198 | €299,320 | -€26,878 | -8.2% |
| Land and buildings | 22 | €326,198 | €299,320 | -€26,878 | -8.2% |
| Current assets | 29/58 | €125,272 | €130,393 | +€5,121 | +4.1% |
| Amounts receivable within one year | 40/41 | €136 | €176 | +€41 | +30.2% |
| Other amounts receivable | 41 | €136 | €176 | +€41 | +30.2% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,290 | €130,216 | +€105,926 | +436.1% |
| Deferred charges and accrued income | 490/1 | €846 | €0 | -€846 | -100.0% |
| Total equity and liabilities | 10/49 | €451,470 | €429,713 | -€21,757 | -4.8% |
| Equity | 10/15 | €451,154 | €429,713 | -€21,442 | -4.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Revaluation surpluses | 12 | €537,570 | €537,570 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,684 | -€135,125 | -€21,442 | -18.9% |
| Amounts payable | 17/49 | €316 | €0 | -€316 | -100.0% |
| Amounts payable within one year | 42/48 | €316 | €0 | -€316 | -100.0% |
| Trade debts | 44 | €37 | €0 | -€37 | -100.0% |
| Suppliers | 440/4 | €37 | €0 | -€37 | -100.0% |
| Other amounts payable | 47/48 | €278 | €0 | -€278 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,380 | €26,878 | -€15,502 | -36.6% |
| Other operating charges | 640/8 | €11,117 | €11,459 | +€342 | +3.1% |
| Gross operating margin | 9900 | €14,076 | €17,085 | +€3,008 | +21.4% |
| Operating profit (loss) | 9901 | -€39,421 | -€21,253 | +€18,168 | +46.1% |
| Financial income | 75/76B | €452 | €136 | -€315 | -69.8% |
| Recurring financial income | 75 | €452 | €136 | -€315 | -69.8% |
| Financial charges | 65/66B | €266 | €325 | +€59 | +22.2% |
| Recurring financial charges | 65 | €266 | €325 | +€59 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,235 | -€21,442 | +€17,793 | +45.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€39,235 | -€21,442 | +€17,793 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,235 | -€21,442 | +€17,793 | +45.4% |
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 4 October 2026 via checked.be.