MONACO GROUP: 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.
MONACO GROUP
Largest movements
- Cash -€8,210
down €8,210 (-16.8%), from €48,891 to €40,681
mainly Net result for the year (-€8,248) and Debts after one year (-€6,563)
- Tangible fixed assets -€7,008
down €7,008 (-4.2%), from €167,956 to €160,948
of which Plant, machinery and equipment: -€3,782
- Receivables within one year +€2,578
up €2,578 (+6949.1%), from €37 to €2,615
of which Trade receivables: +€2,340
- Debts after one year -€6,563
down €6,563 (-5.3%), from €123,716 to €117,153
- Profit (loss) carried forward -€6,351
down €6,351 (-8.3%), from -€76,650 to -€83,001
- Gross operating margin +€12,259
up €12,259, from -€8,860 to €3,399
- Financial charges +€2,302
up €2,302 (+68.7%), from €3,349 to €5,651
of which Financial charges: +€2,352
- Depreciation +€1,530
up €1,530 (+27.9%), from €5,478 to €7,008
- Financial income +€1,030
up €1,030 (+6757.0%), from €15 to €1,045
- Other operating charges +€200
up €200 (+43.0%), from €465 to €664
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 | €217,491 | €204,855 | -€12,636 | -5.8% |
| Fixed assets | 21/28 | €167,956 | €160,948 | -€7,008 | -4.2% |
| Tangible fixed assets | 22/27 | €167,956 | €160,948 | -€7,008 | -4.2% |
| Land and buildings | 22 | €90,308 | €87,883 | -€2,425 | -2.7% |
| Plant, machinery and equipment | 23 | €73,852 | €70,070 | -€3,782 | -5.1% |
| Furniture and vehicles | 24 | €3,796 | €2,994 | -€802 | -21.1% |
| Current assets | 29/58 | €49,535 | €43,907 | -€5,627 | -11.4% |
| Amounts receivable within one year | 40/41 | €37 | €2,615 | +€2,578 | +6949.1% |
| Trade receivables | 40 | €37 | €2,377 | +€2,340 | +6306.3% |
| Other amounts receivable | 41 | - | €239 | +€239 | |
| Cash at bank and in hand | 54/58 | €48,891 | €40,681 | -€8,210 | -16.8% |
| Deferred charges and accrued income | 490/1 | €606 | €611 | +€4 | +0.7% |
| Total equity and liabilities | 10/49 | €217,491 | €204,855 | -€12,636 | -5.8% |
| Equity | 10/15 | €50,918 | €42,670 | -€8,248 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,968 | €107,071 | -€1,897 | -1.7% |
| Tax-exempt reserves | 132 | €108,968 | €107,071 | -€1,897 | -1.7% |
| Profit (loss) carried forward | 14 | -€76,650 | -€83,001 | -€6,351 | -8.3% |
| Provisions and deferred taxes | 16 | €36,323 | €35,690 | -€632 | -1.7% |
| Deferred taxes | 168 | €36,323 | €35,690 | -€632 | -1.7% |
| Amounts payable | 17/49 | €130,250 | €126,495 | -€3,755 | -2.9% |
| Amounts payable after more than one year | 17 | €123,716 | €117,153 | -€6,563 | -5.3% |
| Financial debts | 170/4 | €123,716 | €117,153 | -€6,563 | -5.3% |
| Amounts payable within one year | 42/48 | €6,534 | €9,342 | +€2,808 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €6,284 | €6,563 | +€279 | +4.4% |
| Trade debts | 44 | €250 | €879 | +€629 | +251.5% |
| Suppliers | 440/4 | €250 | €879 | +€629 | +251.5% |
| Other amounts payable | 47/48 | - | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,478 | €7,008 | +€1,530 | +27.9% |
| Other operating charges | 640/8 | €465 | €664 | +€200 | +43.0% |
| Gross operating margin | 9900 | -€8,860 | €3,399 | +€12,259 | |
| Operating profit (loss) | 9901 | -€14,803 | -€4,274 | +€10,529 | +71.1% |
| Financial income | 75/76B | €15 | €1,045 | +€1,030 | +6757.0% |
| Recurring financial income | 75 | €15 | €1,045 | +€1,030 | +6757.0% |
| Financial charges | 65/66B | €3,349 | €5,651 | +€2,302 | +68.7% |
| Recurring financial charges | 65 | €3,299 | €5,651 | +€2,352 | +71.3% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | -€18,137 | -€8,880 | +€9,257 | +51.0% |
| Transfer from deferred taxes | 780 | €353 | €632 | +€280 | +79.3% |
| Profit (loss) for the period | 9904 | -€17,784 | -€8,248 | +€9,536 | +53.6% |
| Transfer from tax-exempt reserves | 789 | €1,058 | €1,897 | +€839 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,726 | -€6,351 | +€10,375 | +62.0% |
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 4 October 2026 via checked.be.