MONAMA: 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.
MONAMA
Largest movements
- Cash +€107,239
up €107,239 (+49.2%), from €217,831 to €325,070
mainly Other debts (+€161,924) and Net result for the year (+€136,989)
- Tangible fixed assets -€4,401
down €4,401 (-15.5%), from €28,465 to €24,064
of which Other tangible fixed assets: -€3,990
- Other debts +€161,924
up €161,924 (+595.8%), from €27,178 to €189,102
- Reserves -€57,000
down €57,000 (-29.1%), from €195,860 to €138,860
- Gross operating margin -€24,387
down €24,387 (-11.8%), from €206,892 to €182,506
- Depreciation -€9,753
down €9,753 (-68.9%), from €14,154 to €4,401
- Other operating charges -€8,319
down €8,319 (-98.3%), from €8,464 to €144
- Financial charges -€3,506
down €3,506 (-89.2%), from €3,929 to €423
- Taxes -€2,410
down €2,410 (-5.6%), from €42,959 to €40,549
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 | €272,842 | €374,256 | +€101,414 | +37.2% |
| Fixed assets | 21/28 | €28,560 | €24,160 | -€4,401 | -15.4% |
| Tangible fixed assets | 22/27 | €28,465 | €24,064 | -€4,401 | -15.5% |
| Furniture and vehicles | 24 | €815 | €404 | -€411 | -50.5% |
| Other tangible fixed assets | 26 | €27,649 | €23,660 | -€3,990 | -14.4% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €244,282 | €350,097 | +€105,815 | +43.3% |
| Amounts receivable within one year | 40/41 | €24,087 | €22,816 | -€1,271 | -5.3% |
| Trade receivables | 40 | €23,996 | €22,685 | -€1,311 | -5.5% |
| Other amounts receivable | 41 | €91 | €131 | +€40 | +43.5% |
| Cash at bank and in hand | 54/58 | €217,831 | €325,070 | +€107,239 | +49.2% |
| Deferred charges and accrued income | 490/1 | €2,363 | €2,211 | -€153 | -6.5% |
| Total equity and liabilities | 10/49 | €272,842 | €374,256 | +€101,414 | +37.2% |
| Equity | 10/15 | €214,487 | €157,476 | -€57,011 | -26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,860 | €138,860 | -€57,000 | -29.1% |
| Distributable reserves | 133 | €195,860 | €138,860 | -€57,000 | -29.1% |
| Profit (loss) carried forward | 14 | €27 | €16 | -€11 | -40.3% |
| Amounts payable | 17/49 | €58,355 | €216,780 | +€158,425 | +271.5% |
| Amounts payable within one year | 42/48 | €55,790 | €214,213 | +€158,424 | +284.0% |
| Financial debts | 43 | - | €2,524 | +€2,524 | |
| Credit institutions | 430/8 | - | €2,524 | +€2,524 | |
| Trade debts | 44 | €3,408 | €584 | -€2,824 | -82.9% |
| Suppliers | 440/4 | €3,408 | €584 | -€2,824 | -82.9% |
| Taxes, remuneration and social security | 45 | €25,203 | €22,003 | -€3,201 | -12.7% |
| Taxes | 450/3 | €24,407 | €22,003 | -€2,405 | -9.9% |
| Remuneration and social security | 454/9 | €796 | - | -€796 | |
| Other amounts payable | 47/48 | €27,178 | €189,102 | +€161,924 | +595.8% |
| Accrued charges and deferred income | 492/3 | €2,566 | €2,567 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,154 | €4,401 | -€9,753 | -68.9% |
| Other operating charges | 640/8 | €8,464 | €144 | -€8,319 | -98.3% |
| Gross operating margin | 9900 | €206,892 | €182,506 | -€24,387 | -11.8% |
| Operating profit (loss) | 9901 | €184,275 | €177,961 | -€6,314 | -3.4% |
| Financial income | 75/76B | €99 | €0 | -€99 | -99.7% |
| Recurring financial income | 75 | €99 | €0 | -€99 | -99.7% |
| Financial charges | 65/66B | €3,929 | €423 | -€3,506 | -89.2% |
| Recurring financial charges | 65 | €3,929 | €423 | -€3,506 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €180,445 | €177,538 | -€2,907 | -1.6% |
| Income taxes | 67/77 | €42,959 | €40,549 | -€2,410 | -5.6% |
| Profit (loss) for the period | 9904 | €137,486 | €136,989 | -€497 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,486 | €136,989 | -€497 | -0.4% |
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.