MonArg: 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.
MonArg
Largest movements
- Receivables within one year -€203
down €203 (-89.8%), from €226 to €23
- Cash +€70
up €70 (+143.0%), from €49 to €120
mainly Other debts (+€1,800) and Receivables within one year (+€203)
- Other debts +€1,800
up €1,800 (+180.0%), from €1,000 to €2,800
- Profit (loss) carried forward -€1,316
down €1,316 (-29.7%), from -€4,426 to -€5,742
- Trade debts -€616
down €616 (-87.9%), from €701 to €85
- Gross operating margin -€321
down €321 (-126.0%), from -€255 to -€576
- Other operating charges +€177
up €177 (+35.2%), from €502 to €679
- Depreciation -€52
no longer reported in 2025 (was €52)
- Financial charges +€12
up €12 (+23.5%), from €49 to €61
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 | €275 | €143 | -€132 | -48.1% |
| Current assets | 29/58 | €275 | €143 | -€132 | -48.1% |
| Amounts receivable within one year | 40/41 | €226 | €23 | -€203 | -89.8% |
| Other amounts receivable | 41 | €226 | €23 | -€203 | -89.8% |
| Cash at bank and in hand | 54/58 | €49 | €120 | +€70 | +143.0% |
| Total equity and liabilities | 10/49 | €275 | €143 | -€132 | -48.1% |
| Equity | 10/15 | -€1,426 | -€2,742 | -€1,316 | -92.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,426 | -€5,742 | -€1,316 | -29.7% |
| Amounts payable | 17/49 | €1,701 | €2,885 | +€1,184 | +69.6% |
| Amounts payable within one year | 42/48 | €1,701 | €2,885 | +€1,184 | +69.6% |
| Trade debts | 44 | €701 | €85 | -€616 | -87.9% |
| Suppliers | 440/4 | €701 | €85 | -€616 | -87.9% |
| Other amounts payable | 47/48 | €1,000 | €2,800 | +€1,800 | +180.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52 | - | -€52 | |
| Other operating charges | 640/8 | €502 | €679 | +€177 | +35.2% |
| Gross operating margin | 9900 | -€255 | -€576 | -€321 | -126.0% |
| Operating profit (loss) | 9901 | -€809 | -€1,255 | -€446 | -55.1% |
| Financial charges | 65/66B | €49 | €61 | +€12 | +23.5% |
| Recurring financial charges | 65 | €49 | €61 | +€12 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€858 | -€1,316 | -€457 | -53.3% |
| Profit (loss) for the period | 9904 | -€858 | -€1,316 | -€457 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€858 | -€1,316 | -€457 | -53.3% |
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 7 October 2026 via checked.be.