MONA21: 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.
MONA21
Largest movements
- Tangible fixed assets +€332,506
up €332,506 (+26.4%), from €1.3m to €1.6m
- Stocks and contracts +€135,217
up €135,217 (+121.9%), from €110,881 to €246,098
- Receivables within one year -€37,890
down €37,890 (-46.8%), from €80,941 to €43,050
of which Other amounts receivable: -€33,696
- Trade debts +€333,057
up €333,057 (+186.8%), from €178,283 to €511,340
- Other debts +€277,974
up €277,974 (+66.2%), from €419,596 to €697,571
- Current portion of long-term debt -€138,107
down €138,107 (-58.5%), from €235,890 to €97,784
- Debts after one year -€67,503
down €67,503 (-9.8%), from €688,970 to €621,467
- Profit (loss) carried forward +€27,397
up €27,397 (+12.4%), from -€221,125 to -€193,728
- Gross operating margin +€233,480
up €233,480 (+1055.2%), from €22,126 to €255,606
- Depreciation +€147,100
new in 2025: €147,100
- Staff costs +€30,353
new in 2025: €30,353
- Financial charges +€29,376
up €29,376 (+224.7%), from €13,076 to €42,452
- Other operating charges +€6,650
up €6,650 (+401.8%), from €1,655 to €8,304
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 | €1,462,688 | €1,899,177 | +€436,489 | +29.8% |
| Fixed assets | 21/28 | €1,259,427 | €1,594,353 | +€334,926 | +26.6% |
| Tangible fixed assets | 22/27 | €1,259,427 | €1,591,933 | +€332,506 | +26.4% |
| Land and buildings | 22 | €1,259,427 | €1,423,999 | +€164,572 | +13.1% |
| Plant, machinery and equipment | 23 | - | €109,646 | +€109,646 | |
| Furniture and vehicles | 24 | - | €58,288 | +€58,288 | |
| Financial fixed assets | 28 | - | €2,420 | +€2,420 | |
| Current assets | 29/58 | €203,261 | €304,824 | +€101,563 | +50.0% |
| Stocks and contracts in progress | 3 | €110,881 | €246,098 | +€135,217 | +121.9% |
| Stocks | 30/36 | €110,881 | €246,098 | +€135,217 | +121.9% |
| Amounts receivable within one year | 40/41 | €80,941 | €43,050 | -€37,890 | -46.8% |
| Trade receivables | 40 | €46,639 | €42,445 | -€4,194 | -9.0% |
| Other amounts receivable | 41 | €34,302 | €606 | -€33,696 | -98.2% |
| Cash at bank and in hand | 54/58 | €5,752 | €12,106 | +€6,354 | +110.5% |
| Deferred charges and accrued income | 490/1 | €5,687 | €3,570 | -€2,117 | -37.2% |
| Total equity and liabilities | 10/49 | €1,462,688 | €1,899,177 | +€436,489 | +29.8% |
| Equity | 10/15 | -€71,125 | -€43,728 | +€27,397 | +38.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,125 | -€193,728 | +€27,397 | +12.4% |
| Amounts payable | 17/49 | €1,533,813 | €1,942,905 | +€409,092 | +26.7% |
| Amounts payable after more than one year | 17 | €688,970 | €621,467 | -€67,503 | -9.8% |
| Financial debts | 170/4 | €688,970 | €621,467 | -€67,503 | -9.8% |
| Amounts payable within one year | 42/48 | €833,770 | €1,314,540 | +€480,770 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €235,890 | €97,784 | -€138,107 | -58.5% |
| Financial debts | 43 | - | €407 | +€407 | |
| Credit institutions | 430/8 | - | €407 | +€407 | |
| Trade debts | 44 | €178,283 | €511,340 | +€333,057 | +186.8% |
| Suppliers | 440/4 | €178,283 | €511,340 | +€333,057 | +186.8% |
| Taxes, remuneration and social security | 45 | - | €7,439 | +€7,439 | |
| Taxes | 450/3 | - | €3,125 | +€3,125 | |
| Remuneration and social security | 454/9 | - | €4,314 | +€4,314 | |
| Other amounts payable | 47/48 | €419,596 | €697,571 | +€277,974 | +66.2% |
| Accrued charges and deferred income | 492/3 | €11,074 | €6,898 | -€4,176 | -37.7% |
| Remuneration, social security and pensions | 62 | - | €30,353 | +€30,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €147,100 | +€147,100 | |
| Other operating charges | 640/8 | €1,655 | €8,304 | +€6,650 | +401.8% |
| Gross operating margin | 9900 | €22,126 | €255,606 | +€233,480 | +1055.2% |
| Operating profit (loss) | 9901 | €20,471 | €69,850 | +€49,378 | +241.2% |
| Financial income | 75/76B | €1,510 | €0 | -€1,510 | -100.0% |
| Recurring financial income | 75 | €1,510 | €0 | -€1,510 | -100.0% |
| Financial charges | 65/66B | €13,076 | €42,452 | +€29,376 | +224.7% |
| Recurring financial charges | 65 | €13,076 | €42,452 | +€29,376 | +224.7% |
| Profit (loss) for the period before taxes | 9903 | €8,905 | €27,397 | +€18,492 | +207.7% |
| Profit (loss) for the period | 9904 | €8,905 | €27,397 | +€18,492 | +207.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,905 | €27,397 | +€18,492 | +207.7% |
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.