MONASHEE: 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.
MONASHEE
Largest movements
- Stocks and contracts -€1.8m
no longer reported in 2026 (was €1.8m)
- Receivables within one year +€1.8m
new in 2026: €1.8m
of which Other amounts receivable: +€1.7m
- Tangible fixed assets -€84,033
down €84,033 (-17.8%), from €472,858 to €388,825
of which Other tangible fixed assets: -€49,767
- Cash +€72,867
up €72,867 (+71.0%), from €102,570 to €175,437
mainly Stocks and contracts (+€1.8m) and Trade debts (+€504,530)
- Other debts -€854,248
down €854,248 (-99.9%), from €854,866 to €618
- Trade debts +€504,530
up €504,530 (+451%), from €111,804 to €616,334
- Profit (loss) carried forward +€409,892
up €409,892 (+31.3%), from -€1.3m to -€900,039
- Tax, wage and social debts -€65,309
down €65,309 (-9.7%), from €671,752 to €606,443
of which Remuneration and social security: -€68,570
- Staff costs -€723,761
down €723,761 (-32.3%), from €2.2m to €1.5m
- Gross operating margin +€144,838
up €144,838 (+7.3%), from €2.0m to €2.1m
- Depreciation -€104,270
down €104,270 (-49.0%), from €212,684 to €108,414
- Other operating charges +€78,834
up €78,834 (+208%), from €37,889 to €116,723
- Write-downs +€22,888
no longer reported in 2026 (was -€22,888)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,359,130 | €2,339,311 | -€19,819 | -0.8% |
| Fixed assets | 21/28 | €473,478 | €389,445 | -€84,033 | -17.7% |
| Tangible fixed assets | 22/27 | €472,858 | €388,825 | -€84,033 | -17.8% |
| Plant, machinery and equipment | 23 | €85,402 | €60,721 | -€24,681 | -28.9% |
| Furniture and vehicles | 24 | €23,395 | €13,575 | -€9,820 | -42.0% |
| Other tangible fixed assets | 26 | €364,061 | €314,294 | -€49,767 | -13.7% |
| Assets under construction and advance payments | 27 | - | €235 | +€235 | |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €1,885,652 | €1,949,866 | +€64,214 | +3.4% |
| Amounts receivable after more than one year | 29 | €2,290 | €3,905 | +€1,615 | +70.5% |
| Other amounts receivable | 291 | €2,290 | €3,905 | +€1,615 | +70.5% |
| Stocks and contracts in progress | 3 | €1,780,792 | - | -€1.8m | |
| Stocks | 30/36 | €1,780,792 | - | -€1.8m | |
| Amounts receivable within one year | 40/41 | - | €1,770,524 | +€1.8m | |
| Trade receivables | 40 | - | €85,546 | +€85,546 | |
| Other amounts receivable | 41 | - | €1,684,978 | +€1.7m | |
| Cash at bank and in hand | 54/58 | €102,570 | €175,437 | +€72,867 | +71.0% |
| Total equity and liabilities | 10/49 | €2,359,130 | €2,339,311 | -€19,819 | -0.8% |
| Equity | 10/15 | €698,124 | €1,108,016 | +€409,892 | +58.7% |
| Contributions | 10/11 | €2,006,200 | €2,006,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | -€1,309,931 | -€900,039 | +€409,892 | +31.3% |
| Amounts payable | 17/49 | €1,661,006 | €1,231,295 | -€429,711 | -25.9% |
| Amounts payable within one year | 42/48 | €1,638,422 | €1,223,395 | -€415,027 | -25.3% |
| Trade debts | 44 | €111,804 | €616,334 | +€504,530 | +451% |
| Suppliers | 440/4 | €111,804 | €616,334 | +€504,530 | +451% |
| Taxes, remuneration and social security | 45 | €671,752 | €606,443 | -€65,309 | -9.7% |
| Taxes | 450/3 | €438,195 | €441,456 | +€3,261 | +0.7% |
| Remuneration and social security | 454/9 | €233,557 | €164,987 | -€68,570 | -29.4% |
| Other amounts payable | 47/48 | €854,866 | €618 | -€854,248 | -99.9% |
| Accrued charges and deferred income | 492/3 | €22,584 | €7,900 | -€14,684 | -65.0% |
| Non-recurring operating income | 76A | €101,478 | €143,059 | +€41,581 | +41.0% |
| Remuneration, social security and pensions | 62 | €2,242,527 | €1,518,766 | -€723,761 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,684 | €108,414 | -€104,270 | -49.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,888 | - | +€22,888 | |
| Other operating charges | 640/8 | €37,889 | €116,723 | +€78,834 | +208% |
| Non-recurring operating charges | 66A | €700 | - | -€700 | |
| Gross operating margin | 9900 | €1,997,505 | €2,142,343 | +€144,838 | +7.3% |
| Operating profit (loss) | 9901 | -€473,407 | €398,440 | +€871,847 | |
| Financial income | 75/76B | €93 | €20,580 | +€20,487 | +22,029% |
| Recurring financial income | 75 | €93 | €20,580 | +€20,487 | +22,029% |
| Financial charges | 65/66B | €27,075 | €6,882 | -€20,193 | -74.6% |
| Recurring financial charges | 65 | €27,075 | €6,882 | -€20,193 | -74.6% |
| Profit (loss) for the period before taxes | 9903 | -€500,389 | €412,138 | +€912,527 | |
| Income taxes | 67/77 | €5,879 | €2,246 | -€3,633 | -61.8% |
| Profit (loss) for the period | 9904 | -€506,268 | €409,892 | +€916,160 | |
| Profit (loss) for the period to be appropriated | 9905 | -€506,268 | €409,892 | +€916,160 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.