MONAR: 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.
MONAR
Largest movements
- Cash -€4,676
down €4,676 (-33.0%), from €14,164 to €9,489
mainly Net result for the year (-€4,465) and Trade debts (-€831)
- Profit (loss) carried forward -€4,465
down €4,465 (-4.2%), from -€105,126 to -€109,592
- Trade debts -€831
down €831 (-77.3%), from €1,075 to €244
- Financial income -€2,716
no longer reported in 2025 (was €2,716)
- Gross operating margin -€929
down €929 (-30.7%), from -€3,021 to -€3,950
- Depreciation -€898
no longer reported in 2025 (was €898)
- Other operating charges -€65
down €65 (-13.0%), from €502 to €437
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 | €54,593 | €49,559 | -€5,034 | -9.2% |
| Fixed assets | 21/28 | €40,000 | €40,000 | = | 0.0% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €14,593 | €9,559 | -€5,034 | -34.5% |
| Amounts receivable within one year | 40/41 | €429 | €71 | -€358 | -83.5% |
| Other amounts receivable | 41 | €429 | €71 | -€358 | -83.5% |
| Cash at bank and in hand | 54/58 | €14,164 | €9,489 | -€4,676 | -33.0% |
| Total equity and liabilities | 10/49 | €54,593 | €49,559 | -€5,034 | -9.2% |
| Equity | 10/15 | -€97,067 | -€101,533 | -€4,465 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,126 | -€109,592 | -€4,465 | -4.2% |
| Amounts payable | 17/49 | €151,660 | €151,092 | -€568 | -0.4% |
| Amounts payable within one year | 42/48 | €151,075 | €150,244 | -€831 | -0.6% |
| Trade debts | 44 | €1,075 | €244 | -€831 | -77.3% |
| Suppliers | 440/4 | €1,075 | €244 | -€831 | -77.3% |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €585 | €848 | +€263 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €898 | - | -€898 | |
| Other operating charges | 640/8 | €502 | €437 | -€65 | -13.0% |
| Gross operating margin | 9900 | -€3,021 | -€3,950 | -€929 | -30.7% |
| Operating profit (loss) | 9901 | -€4,422 | -€4,388 | +€35 | +0.8% |
| Financial income | 75/76B | €2,716 | - | -€2,716 | |
| Recurring financial income | 75 | €2,716 | - | -€2,716 | |
| Financial charges | 65/66B | €98 | €78 | -€20 | -20.5% |
| Recurring financial charges | 65 | €98 | €78 | -€20 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,804 | -€4,465 | -€2,662 | -147.6% |
| Profit (loss) for the period | 9904 | -€1,804 | -€4,465 | -€2,662 | -147.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,804 | -€4,465 | -€2,662 | -147.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.