Monalex: 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.
Monalex
Largest movements
- Current investments +€10,000
new in 2025: €10,000
- Cash +€6,833
up €6,833 (+29.9%), from €22,861 to €29,694
mainly Net result for the year (+€25,916) and Deferred charges and accrued income (+€4,471)
- Deferred charges and accrued income -€4,471
down €4,471 (-22.0%), from €20,310 to €15,839
- Tangible fixed assets +€3,379
up €3,379 (+101.4%), from €3,333 to €6,712
- Receivables within one year +€1,893
up €1,893 (+17.9%), from €10,551 to €12,444
of which Trade receivables: +€1,831
- Reserves +€26,000
up €26,000 (+96.3%), from €27,000 to €53,000
- Other debts -€6,332
down €6,332 (-48.1%), from €13,174 to €6,843
- Trade debts -€1,567
no longer reported in 2025 (was €1,567)
- Gross operating margin +€3,732
up €3,732 (+10.9%), from €34,139 to €37,872
- Taxes +€994
up €994 (+14.1%), from €7,042 to €8,037
- Other operating charges -€672
down €672 (-33.1%), from €2,031 to €1,359
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 | €57,055 | €74,689 | +€17,633 | +30.9% |
| Fixed assets | 21/28 | €3,334 | €6,713 | +€3,379 | +101.4% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -33.3% |
| Tangible fixed assets | 22/27 | €3,333 | €6,712 | +€3,379 | +101.4% |
| Furniture and vehicles | 24 | €3,333 | €6,712 | +€3,379 | +101.4% |
| Current assets | 29/58 | €53,722 | €67,976 | +€14,254 | +26.5% |
| Amounts receivable within one year | 40/41 | €10,551 | €12,444 | +€1,893 | +17.9% |
| Trade receivables | 40 | €10,551 | €12,382 | +€1,831 | +17.4% |
| Other amounts receivable | 41 | - | €61 | +€61 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €22,861 | €29,694 | +€6,833 | +29.9% |
| Deferred charges and accrued income | 490/1 | €20,310 | €15,839 | -€4,471 | -22.0% |
| Total equity and liabilities | 10/49 | €57,055 | €74,689 | +€17,633 | +30.9% |
| Equity | 10/15 | €30,860 | €56,775 | +€25,916 | +84.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €53,000 | +€26,000 | +96.3% |
| Distributable reserves | 133 | €27,000 | €53,000 | +€26,000 | +96.3% |
| Profit (loss) carried forward | 14 | €860 | €775 | -€84 | -9.8% |
| Amounts payable | 17/49 | €26,196 | €17,913 | -€8,282 | -31.6% |
| Amounts payable within one year | 42/48 | €26,196 | €17,913 | -€8,282 | -31.6% |
| Trade debts | 44 | €1,567 | - | -€1,567 | |
| Suppliers | 440/4 | €1,567 | - | -€1,567 | |
| Taxes, remuneration and social security | 45 | €11,455 | €11,071 | -€384 | -3.4% |
| Taxes | 450/3 | €11,455 | €11,071 | -€384 | -3.4% |
| Other amounts payable | 47/48 | €13,174 | €6,843 | -€6,332 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €1,489 | +€357 | +31.6% |
| Other operating charges | 640/8 | €2,031 | €1,359 | -€672 | -33.1% |
| Gross operating margin | 9900 | €34,139 | €37,872 | +€3,732 | +10.9% |
| Operating profit (loss) | 9901 | €30,977 | €35,024 | +€4,047 | +13.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €930 | €1,072 | +€142 | +15.3% |
| Recurring financial charges | 65 | €930 | €1,072 | +€142 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €30,048 | €33,952 | +€3,905 | +13.0% |
| Income taxes | 67/77 | €7,042 | €8,037 | +€994 | +14.1% |
| Profit (loss) for the period | 9904 | €23,005 | €25,916 | +€2,910 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,005 | €25,916 | +€2,910 | +12.7% |
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 4 October 2026 via checked.be.