MONAS TERRE: 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.
MONAS TERRE
Largest movements
- Tangible fixed assets +€8.8m
up €8.8m (+90.1%), from €9.8m to €18.7m
- Cash +€662,127
up €662,127 (+6,517%), from €10,160 to €672,287
mainly Other debts (+€9.6m) and Depreciation (+€411,070)
- Receivables within one year -€355,685
down €355,685 (-56.0%), from €634,664 to €278,979
of which Other amounts receivable: -€465,403
- Other debts +€9.6m
up €9.6m (+153%), from €6.2m to €15.8m
- Profit (loss) carried forward -€417,873
down €417,873 (-49.3%), from -€847,350 to -€1.3m
- Gross operating margin -€441,523
down €441,523, from €423,690 to -€17,833
- Depreciation +€196,483
up €196,483 (+91.6%), from €214,586 to €411,070
- Financial income +€62,777
new in 2025: €62,777
- Staff costs +€10,685
up €10,685 (+50.0%), from €21,365 to €32,050
- Other operating charges -€5,081
down €5,081 (-21.6%), from €23,532 to €18,451
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.
Derived cash bridge
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 | €10,519,531 | €19,661,555 | +€9.1m | +86.9% |
| Fixed assets | 21/28 | €9,814,856 | €18,662,326 | +€8.8m | +90.1% |
| Tangible fixed assets | 22/27 | €9,814,764 | €18,662,233 | +€8.8m | +90.1% |
| Land and buildings | 22 | €9,814,764 | €18,662,233 | +€8.8m | +90.1% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €704,675 | €999,229 | +€294,554 | +41.8% |
| Amounts receivable within one year | 40/41 | €634,664 | €278,979 | -€355,685 | -56.0% |
| Trade receivables | 40 | €3,630 | €113,348 | +€109,718 | +3,023% |
| Other amounts receivable | 41 | €631,034 | €165,631 | -€465,403 | -73.8% |
| Cash at bank and in hand | 54/58 | €10,160 | €672,287 | +€662,127 | +6,517% |
| Deferred charges and accrued income | 490/1 | €59,851 | €47,963 | -€11,888 | -19.9% |
| Total equity and liabilities | 10/49 | €10,519,531 | €19,661,555 | +€9.1m | +86.9% |
| Equity | 10/15 | €152,650 | -€265,223 | -€417,873 | |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€847,350 | -€1,265,223 | -€417,873 | -49.3% |
| Amounts payable | 17/49 | €10,366,881 | €19,926,777 | +€9.6m | +92.2% |
| Amounts payable after more than one year | 17 | €4,000,000 | €4,000,000 | = | 0.0% |
| Financial debts | 170/4 | €4,000,000 | €4,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,364,481 | €15,922,227 | +€9.6m | +150% |
| Trade debts | 44 | €114,391 | €94,432 | -€19,959 | -17.4% |
| Suppliers | 440/4 | €114,391 | €94,432 | -€19,959 | -17.4% |
| Taxes, remuneration and social security | 45 | €2,939 | €5,645 | +€2,706 | +92.0% |
| Taxes | 450/3 | €1,503 | €2,563 | +€1,060 | +70.5% |
| Remuneration and social security | 454/9 | €1,436 | €3,082 | +€1,645 | +115% |
| Other amounts payable | 47/48 | €6,247,151 | €15,822,151 | +€9.6m | +153% |
| Accrued charges and deferred income | 492/3 | €2,400 | €4,550 | +€2,150 | +89.6% |
| Remuneration, social security and pensions | 62 | €21,365 | €32,050 | +€10,685 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,586 | €411,070 | +€196,483 | +91.6% |
| Other operating charges | 640/8 | €23,532 | €18,451 | -€5,081 | -21.6% |
| Gross operating margin | 9900 | €423,690 | -€17,833 | -€441,523 | |
| Operating profit (loss) | 9901 | €164,207 | -€479,404 | -€643,611 | |
| Financial income | 75/76B | - | €62,777 | +€62,777 | |
| Recurring financial income | 75 | - | €62,777 | +€62,777 | |
| Financial charges | 65/66B | €1,287 | €1,246 | -€41 | -3.2% |
| Recurring financial charges | 65 | €1,287 | €1,246 | -€41 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €162,920 | -€417,873 | -€580,793 | |
| Profit (loss) for the period | 9904 | €162,920 | -€417,873 | -€580,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €162,920 | -€417,873 | -€580,793 |
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 17 October 2026 via checked.be.