MONAGRO: 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.
MONAGRO
Largest movements
- Tangible fixed assets -€58,041
down €58,041 (-15.5%), from €374,660 to €316,619
of which Plant, machinery and equipment: -€43,651
- Cash +€29,125
up €29,125 (+50.7%), from €57,487 to €86,612
mainly Other debts (+€39,412) and Depreciation (+€33,298)
- Stocks and contracts -€14,475
down €14,475 (-16.0%), from €90,354 to €75,879
- Other debts +€39,412
up €39,412 (+45.1%), from €87,407 to €126,818
- Trade debts -€37,115
down €37,115 (-59.8%), from €62,049 to €24,934
- Advances received -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Debts after one year -€22,921
down €22,921 (-9.9%), from €232,110 to €209,190
- Gross operating margin +€13,559
up €13,559 (+28.7%), from €47,230 to €60,789
- Financial charges +€5,932
up €5,932 (+38.8%), from €15,270 to €21,202
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 | €595,454 | €547,176 | -€48,278 | -8.1% |
| Fixed assets | 21/28 | €374,660 | €316,619 | -€58,041 | -15.5% |
| Tangible fixed assets | 22/27 | €374,660 | €316,619 | -€58,041 | -15.5% |
| Land and buildings | 22 | €238,622 | €227,987 | -€10,635 | -4.5% |
| Plant, machinery and equipment | 23 | €127,168 | €83,517 | -€43,651 | -34.3% |
| Furniture and vehicles | 24 | €8,870 | €5,116 | -€3,755 | -42.3% |
| Current assets | 29/58 | €220,794 | €230,557 | +€9,763 | +4.4% |
| Stocks and contracts in progress | 3 | €90,354 | €75,879 | -€14,475 | -16.0% |
| Stocks | 30/36 | €90,354 | €75,879 | -€14,475 | -16.0% |
| Amounts receivable within one year | 40/41 | €71,839 | €67,498 | -€4,341 | -6.0% |
| Trade receivables | 40 | €57,184 | €51,289 | -€5,895 | -10.3% |
| Other amounts receivable | 41 | €14,655 | €16,209 | +€1,554 | +10.6% |
| Cash at bank and in hand | 54/58 | €57,487 | €86,612 | +€29,125 | +50.7% |
| Deferred charges and accrued income | 490/1 | €1,113 | €567 | -€546 | -49.1% |
| Total equity and liabilities | 10/49 | €595,454 | €547,176 | -€48,278 | -8.1% |
| Equity | 10/15 | €46,294 | €48,313 | +€2,019 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,834 | €27,853 | +€2,019 | +7.8% |
| Amounts payable | 17/49 | €549,160 | €498,863 | -€50,297 | -9.2% |
| Amounts payable after more than one year | 17 | €232,110 | €209,190 | -€22,921 | -9.9% |
| Financial debts | 170/4 | €232,110 | €209,190 | -€22,921 | -9.9% |
| Amounts payable within one year | 42/48 | €317,050 | €289,673 | -€27,376 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €22,594 | €22,921 | +€327 | +1.4% |
| Financial debts | 43 | €115,000 | €115,000 | = | 0.0% |
| Credit institutions | 430/8 | €115,000 | €115,000 | = | 0.0% |
| Trade debts | 44 | €62,049 | €24,934 | -€37,115 | -59.8% |
| Suppliers | 440/4 | €62,049 | €24,934 | -€37,115 | -59.8% |
| Advances received on contracts in progress | 46 | €30,000 | €0 | -€30,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €87,407 | €126,818 | +€39,412 | +45.1% |
| Non-recurring operating income | 76A | €29,773 | €9,651 | -€20,122 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,812 | €33,298 | -€514 | -1.5% |
| Other operating charges | 640/8 | €929 | €927 | -€2 | -0.2% |
| Non-recurring operating charges | 66A | €908 | €3,344 | +€2,436 | +268.2% |
| Gross operating margin | 9900 | €47,230 | €60,789 | +€13,559 | +28.7% |
| Operating profit (loss) | 9901 | €11,581 | €23,220 | +€11,639 | +100.5% |
| Financial income | 75/76B | €91 | €0 | -€91 | -100.0% |
| Recurring financial income | 75 | €91 | €0 | -€91 | -100.0% |
| Financial charges | 65/66B | €15,270 | €21,202 | +€5,932 | +38.8% |
| Recurring financial charges | 65 | €15,270 | €21,202 | +€5,932 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,598 | €2,019 | +€5,616 | |
| Profit (loss) for the period | 9904 | -€3,598 | €2,019 | +€5,616 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,598 | €2,019 | +€5,616 |
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 12 October 2026 via checked.be.