MONAS WORLD: 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.
What changed
MONAS WORLD
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€26,755
2023 · -€128,637+€101,882
Equity
€61,445
2023 · €77,200-€15,755
Cash
€542
2023 · €5,156-€4,614
Balance sheet total
€1.5m
2023 · €1.6m-€79,928
Largest movements
Assets
- Tangible fixed assets -€58,588
down €58,588 (-3.8%), from €1.6m to €1.5m
of which Land and buildings: -€53,326
- Receivables within one year -€27,578
down €27,578 (-42.0%), from €65,626 to €38,048
Equity and liabilities
- Debts after one year -€69,209
down €69,209 (-7.2%), from €960,476 to €891,267
- Trade debts -€46,198
down €46,198 (-94.7%), from €48,784 to €2,586
- Provisions +€29,484
up €29,484 (+7.2%), from €409,811 to €439,294
- Profit (loss) carried forward -€26,755
down €26,755 (-15.8%), from -€169,737 to -€196,492
Income statement
- Gross operating margin +€107,964
up €107,964, from -€12,275 to €95,689
- Depreciation +€3,056
up €3,056 (+5.2%), from €59,257 to €62,313
- Financial charges +€2,457
up €2,457 (+5.7%), from €42,993 to €45,449
From the 2023 result to the 2024 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.
Result 2023
-€128,637
Gross operating margin
+€107,964
Depreciation
-€3,056
Other operating charges
-€556
Other operating items
-€13
Financial income
+€0
Financial charges
-€2,457
Result 2024
-€26,755
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€65,291
Investment
-€13,333
Financing
-€56,572
Cash 2023
€5,156
From operations (derived)
+€65,291
Net result for the year
-€26,755
Depreciation
+€62,313
Receivables within one year
+€27,578
Deferred charges and accrued income
-€1,244
Provisions
+€29,484
Trade debts
-€46,198
Tax, wage and social debts
+€726
Advances received
+€6,534
Other debts
+€9,751
Accrued charges and deferred income
+€3,102
Investment (derived)
-€13,333
Investment in fixed assets (net)
-€13,333
Financing
-€56,572
Debts after one year
-€69,209
Current portion of long-term debt
+€1,637
Contributions, distributions and other
+€11,000
Cash 2024
€542
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,623,480 | €1,543,553 | -€79,928 | -4.9% |
| Fixed assets | 21/28 | €1,551,227 | €1,502,247 | -€48,980 | -3.2% |
| Intangible fixed assets | 21 | - | €9,608 | +€9,608 | |
| Tangible fixed assets | 22/27 | €1,551,227 | €1,492,639 | -€58,588 | -3.8% |
| Land and buildings | 22 | €1,523,271 | €1,469,945 | -€53,326 | -3.5% |
| Furniture and vehicles | 24 | €27,956 | €22,694 | -€5,262 | -18.8% |
| Current assets | 29/58 | €72,254 | €41,306 | -€30,948 | -42.8% |
| Amounts receivable within one year | 40/41 | €65,626 | €38,048 | -€27,578 | -42.0% |
| Trade receivables | 40 | €65,626 | €38,048 | -€27,578 | -42.0% |
| Cash at bank and in hand | 54/58 | €5,156 | €542 | -€4,614 | -89.5% |
| Deferred charges and accrued income | 490/1 | €1,472 | €2,716 | +€1,244 | +84.5% |
| Total equity and liabilities | 10/49 | €1,623,480 | €1,543,553 | -€79,928 | -4.9% |
| Equity | 10/15 | €77,200 | €61,445 | -€15,755 | -20.4% |
| Contributions | 10/11 | €246,938 | €257,938 | +€11,000 | +4.5% |
| Capital | 10 | €246,938 | €257,938 | +€11,000 | +4.5% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Uncalled capital | 101 | €28,063 | €17,063 | -€11,000 | -39.2% |
| Profit (loss) carried forward | 14 | -€169,737 | -€196,492 | -€26,755 | -15.8% |
| Provisions and deferred taxes | 16 | €409,811 | €439,294 | +€29,484 | +7.2% |
| Provisions for liabilities and charges | 160/5 | €409,811 | €439,294 | +€29,484 | +7.2% |
| Other liabilities and charges | 164/5 | €409,811 | €439,294 | +€29,484 | +7.2% |
| Amounts payable | 17/49 | €1,136,470 | €1,042,813 | -€93,656 | -8.2% |
| Amounts payable after more than one year | 17 | €960,476 | €891,267 | -€69,209 | -7.2% |
| Financial debts | 170/4 | €960,476 | €891,267 | -€69,209 | -7.2% |
| Amounts payable within one year | 42/48 | €152,730 | €125,180 | -€27,550 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €67,572 | €69,209 | +€1,637 | +2.4% |
| Trade debts | 44 | €48,784 | €2,586 | -€46,198 | -94.7% |
| Suppliers | 440/4 | €48,784 | €2,586 | -€46,198 | -94.7% |
| Advances received on contracts in progress | 46 | - | €6,534 | +€6,534 | |
| Taxes, remuneration and social security | 45 | €3,765 | €4,491 | +€726 | +19.3% |
| Taxes | 450/3 | €3,765 | €4,491 | +€726 | +19.3% |
| Other amounts payable | 47/48 | €32,609 | €42,360 | +€9,751 | +29.9% |
| Accrued charges and deferred income | 492/3 | €23,264 | €26,366 | +€3,102 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,257 | €62,313 | +€3,056 | +5.2% |
| Other operating charges | 640/8 | €9,293 | €9,849 | +€556 | +6.0% |
| Non-recurring operating charges | 66A | €4,819 | €4,832 | +€13 | +0.3% |
| Gross operating margin | 9900 | -€12,275 | €95,689 | +€107,964 | |
| Operating profit (loss) | 9901 | -€85,645 | €18,695 | +€104,339 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €42,993 | €45,449 | +€2,457 | +5.7% |
| Recurring financial charges | 65 | €42,993 | €45,449 | +€2,457 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€128,637 | -€26,755 | +€101,882 | +79.2% |
| Profit (loss) for the period | 9904 | -€128,637 | -€26,755 | +€101,882 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,637 | -€26,755 | +€101,882 | +79.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.