MONACO: 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.
MONACO
Largest movements
- Receivables within one year -€14,404
down €14,404 (-75.0%), from €19,209 to €4,805
of which Trade receivables: -€14,332
- Cash -€6,544
down €6,544 (-74.1%), from €8,827 to €2,283
mainly Debts after one year (-€18,172) and Current portion of long-term debt (-€10,905)
- Tangible fixed assets -€4,050
down €4,050 (-1.7%), from €232,122 to €228,072
- Debts after one year -€18,172
down €18,172 (-37.6%), from €48,276 to €30,105
- Profit (loss) carried forward +€14,903
up €14,903 (+49.9%), from -€29,892 to -€14,989
- Current portion of long-term debt -€10,905
down €10,905 (-39.9%), from €27,305 to €16,400
- Trade debts -€9,960
down €9,960 (-67.0%), from €14,876 to €4,916
- Gross operating margin +€76,788
up €76,788, from -€43,780 to €33,007
- Other operating charges -€5,010
down €5,010 (-58.9%), from €8,501 to €3,491
- Financial charges +€2,097
up €2,097 (+24.7%), from €8,487 to €10,584
- Depreciation +€1,425
up €1,425 (+54.3%), from €2,625 to €4,050
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.
Derived cash bridge
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 | €269,943 | €246,742 | -€23,201 | -8.6% |
| Fixed assets | 21/28 | €232,122 | €228,072 | -€4,050 | -1.7% |
| Tangible fixed assets | 22/27 | €232,122 | €228,072 | -€4,050 | -1.7% |
| Land and buildings | 22 | €232,122 | €228,072 | -€4,050 | -1.7% |
| Current assets | 29/58 | €37,821 | €18,670 | -€19,151 | -50.6% |
| Amounts receivable within one year | 40/41 | €19,209 | €4,805 | -€14,404 | -75.0% |
| Trade receivables | 40 | €19,137 | €4,805 | -€14,332 | -74.9% |
| Other amounts receivable | 41 | €72 | - | -€72 | |
| Cash at bank and in hand | 54/58 | €8,827 | €2,283 | -€6,544 | -74.1% |
| Deferred charges and accrued income | 490/1 | €9,785 | €11,583 | +€1,798 | +18.4% |
| Total equity and liabilities | 10/49 | €269,943 | €246,742 | -€23,201 | -8.6% |
| Equity | 10/15 | €28,407 | €43,310 | +€14,903 | +52.5% |
| Contributions | 10/11 | €58,299 | €58,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,892 | -€14,989 | +€14,903 | +49.9% |
| Amounts payable | 17/49 | €241,535 | €203,432 | -€38,103 | -15.8% |
| Amounts payable after more than one year | 17 | €48,276 | €30,105 | -€18,172 | -37.6% |
| Financial debts | 170/4 | €48,276 | €30,105 | -€18,172 | -37.6% |
| Amounts payable within one year | 42/48 | €191,882 | €172,541 | -€19,341 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €27,305 | €16,400 | -€10,905 | -39.9% |
| Trade debts | 44 | €14,876 | €4,916 | -€9,960 | -67.0% |
| Suppliers | 440/4 | €14,876 | €4,916 | -€9,960 | -67.0% |
| Taxes, remuneration and social security | 45 | €1,391 | €3,386 | +€1,995 | +143% |
| Taxes | 450/3 | €1,391 | €3,386 | +€1,995 | +143% |
| Other amounts payable | 47/48 | €148,310 | €147,839 | -€471 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,378 | €787 | -€591 | -42.9% |
| Non-recurring operating income | 76A | €3,821 | - | -€3,821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,625 | €4,050 | +€1,425 | +54.3% |
| Other operating charges | 640/8 | €8,501 | €3,491 | -€5,010 | -58.9% |
| Gross operating margin | 9900 | -€43,780 | €33,007 | +€76,788 | |
| Operating profit (loss) | 9901 | -€54,907 | €25,466 | +€80,373 | |
| Financial income | 75/76B | €25 | €20 | -€5 | -18.7% |
| Recurring financial income | 75 | €25 | €20 | -€5 | -18.7% |
| Financial charges | 65/66B | €8,487 | €10,584 | +€2,097 | +24.7% |
| Recurring financial charges | 65 | €8,487 | €10,584 | +€2,097 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€63,369 | €14,903 | +€78,272 | |
| Transfer from deferred taxes | 780 | €33,702 | - | -€33,702 | |
| Income taxes | 67/77 | €225 | - | -€225 | |
| Profit (loss) for the period | 9904 | -€29,892 | €14,903 | +€44,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,892 | €14,903 | +€44,795 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.