MONACA: 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.
MONACA
Largest movements
- Receivables within one year -€84,378
down €84,378 (-50.9%), from €165,690 to €81,311
of which Other amounts receivable: -€90,126
- Cash +€47,534
up €47,534 (+362.9%), from €13,097 to €60,631
mainly Receivables within one year (+€84,378) and Net result for the year (+€20,594)
- Debts after one year -€70,775
down €70,775 (-24.6%), from €287,128 to €216,353
- Profit (loss) carried forward +€20,594
up €20,594 (+64.7%), from -€31,812 to -€11,218
- Tax, wage and social debts +€6,177
up €6,177 (+155.4%), from €3,974 to €10,151
- Write-downs +€41,322
up €41,322, from -€41,322 to €0
- Gross operating margin -€15,204
down €15,204 (-26.5%), from €57,276 to €42,072
- Financial charges -€2,191
down €2,191 (-31.0%), from €7,068 to €4,877
- Taxes +€1,875
up €1,875 (+31.4%), from €5,966 to €7,841
- Depreciation +€747
up €747 (+11.4%), from €6,547 to €7,294
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 | €301,733 | €260,758 | -€40,975 | -13.6% |
| Fixed assets | 21/28 | €121,756 | €118,815 | -€2,940 | -2.4% |
| Tangible fixed assets | 22/27 | €121,756 | €118,815 | -€2,940 | -2.4% |
| Land and buildings | 22 | €31,125 | €31,125 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,145 | €2,924 | -€3,221 | -52.4% |
| Furniture and vehicles | 24 | €2,709 | €5,280 | +€2,571 | +94.9% |
| Other tangible fixed assets | 26 | €81,776 | €79,486 | -€2,290 | -2.8% |
| Current assets | 29/58 | €179,978 | €141,943 | -€38,035 | -21.1% |
| Amounts receivable within one year | 40/41 | €165,690 | €81,311 | -€84,378 | -50.9% |
| Trade receivables | 40 | €1,047 | €6,794 | +€5,748 | +549.0% |
| Other amounts receivable | 41 | €164,643 | €74,517 | -€90,126 | -54.7% |
| Cash at bank and in hand | 54/58 | €13,097 | €60,631 | +€47,534 | +362.9% |
| Deferred charges and accrued income | 490/1 | €1,191 | €0 | -€1,191 | -100.0% |
| Total equity and liabilities | 10/49 | €301,733 | €260,758 | -€40,975 | -13.6% |
| Equity | 10/15 | -€13,212 | €7,382 | +€20,594 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,812 | -€11,218 | +€20,594 | +64.7% |
| Amounts payable | 17/49 | €314,946 | €253,376 | -€61,569 | -19.5% |
| Amounts payable after more than one year | 17 | €287,128 | €216,353 | -€70,775 | -24.6% |
| Financial debts | 170/4 | €287,128 | €216,353 | -€70,775 | -24.6% |
| Amounts payable within one year | 42/48 | €27,476 | €37,024 | +€9,547 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €13,034 | €13,601 | +€567 | +4.3% |
| Financial debts | 43 | €20 | €71 | +€51 | +255.1% |
| Credit institutions | 430/8 | €20 | €71 | +€51 | +255.1% |
| Trade debts | 44 | €345 | €3,098 | +€2,753 | +797.5% |
| Suppliers | 440/4 | €345 | €3,098 | +€2,753 | +797.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,974 | €10,151 | +€6,177 | +155.4% |
| Taxes | 450/3 | €3,974 | €10,151 | +€6,177 | +155.4% |
| Other amounts payable | 47/48 | €10,103 | €10,103 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €342 | €0 | -€342 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,547 | €7,294 | +€747 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€41,322 | €0 | +€41,322 | |
| Other operating charges | 640/8 | €1,643 | €1,466 | -€177 | -10.7% |
| Non-recurring operating charges | 66A | €1,198 | €0 | -€1,198 | -100.0% |
| Gross operating margin | 9900 | €57,276 | €42,072 | -€15,204 | -26.5% |
| Operating profit (loss) | 9901 | €89,210 | €33,312 | -€55,898 | -62.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,068 | €4,877 | -€2,191 | -31.0% |
| Recurring financial charges | 65 | €7,068 | €4,877 | -€2,191 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €82,142 | €28,435 | -€53,707 | -65.4% |
| Income taxes | 67/77 | €5,966 | €7,841 | +€1,875 | +31.4% |
| Profit (loss) for the period | 9904 | €76,176 | €20,594 | -€55,582 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,176 | €20,594 | -€55,582 | -73.0% |
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 28 September 2026 via checked.be.