MONATEX: 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.
MONATEX
Largest movements
- Stocks and contracts +€499,691
up €499,691 (+210.1%), from €237,805 to €737,496
- Receivables within one year +€96,843
up €96,843 (+62.9%), from €153,846 to €250,689
of which Trade receivables: +€81,375
- Cash +€65,200
up €65,200 (+2028.5%), from €3,214 to €68,414
mainly Trade debts (+€574,728) and Net result for the year (+€98,695)
- Receivables after one year +€43,155
up €43,155 (+170.5%), from €25,307 to €68,462
- Trade debts +€574,728
up €574,728 (+700.1%), from €82,092 to €656,820
- Reserves +€98,695
up €98,695 (+309.8%), from €31,856 to €130,551
- Tax, wage and social debts +€39,845
up €39,845 (+131.1%), from €30,393 to €70,238
of which Taxes: +€33,416
- Short-term financial debts +€25,000
up €25,000 (+250.0%), from €10,000 to €35,000
- Accrued charges and deferred income -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Gross operating margin +€161,214
up €161,214 (+233.0%), from €69,190 to €230,405
- Taxes +€48,339
up €48,339 (+756.4%), from €6,391 to €54,730
- Other operating charges +€8,745
up €8,745 (+220.0%), from €3,976 to €12,721
- Staff costs +€8,616
up €8,616 (+24.9%), from €34,619 to €43,235
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,888 | €1,149,274 | +€709,386 | +161.3% |
| Fixed assets | 21/28 | €17,699 | €21,623 | +€3,924 | +22.2% |
| Tangible fixed assets | 22/27 | €16,184 | €20,108 | +€3,924 | +24.2% |
| Plant, machinery and equipment | 23 | €16,184 | €15,671 | -€513 | -3.2% |
| Furniture and vehicles | 24 | €0 | €4,437 | +€4,437 | |
| Financial fixed assets | 28 | €1,515 | €1,515 | = | 0.0% |
| Current assets | 29/58 | €422,189 | €1,127,651 | +€705,462 | +167.1% |
| Amounts receivable after more than one year | 29 | €25,307 | €68,462 | +€43,155 | +170.5% |
| Other amounts receivable | 291 | €25,307 | €68,462 | +€43,155 | +170.5% |
| Stocks and contracts in progress | 3 | €237,805 | €737,496 | +€499,691 | +210.1% |
| Stocks | 30/36 | €237,805 | €737,496 | +€499,691 | +210.1% |
| Amounts receivable within one year | 40/41 | €153,846 | €250,689 | +€96,843 | +62.9% |
| Trade receivables | 40 | €147,183 | €228,558 | +€81,375 | +55.3% |
| Other amounts receivable | 41 | €6,663 | €22,131 | +€15,469 | +232.2% |
| Cash at bank and in hand | 54/58 | €3,214 | €68,414 | +€65,200 | +2028.5% |
| Deferred charges and accrued income | 490/1 | €2,017 | €2,590 | +€573 | +28.4% |
| Total equity and liabilities | 10/49 | €439,888 | €1,149,274 | +€709,386 | +161.3% |
| Equity | 10/15 | €109,856 | €208,551 | +€98,695 | +89.8% |
| Contributions | 10/11 | €78,000 | €78,000 | = | 0.0% |
| Reserves | 13 | €31,856 | €130,551 | +€98,695 | +309.8% |
| Distributable reserves | 133 | €31,856 | €130,551 | +€98,695 | +309.8% |
| Amounts payable | 17/49 | €330,032 | €940,722 | +€610,690 | +185.0% |
| Amounts payable after more than one year | 17 | €159,741 | €159,741 | = | 0.0% |
| Financial debts | 170/4 | €159,741 | €159,741 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,291 | €780,981 | +€630,690 | +419.6% |
| Current portion of amounts payable after more than one year | 42 | €27,806 | €18,924 | -€8,882 | -31.9% |
| Financial debts | 43 | €10,000 | €35,000 | +€25,000 | +250.0% |
| Other loans | 439 | €10,000 | €35,000 | +€25,000 | +250.0% |
| Trade debts | 44 | €82,092 | €656,820 | +€574,728 | +700.1% |
| Suppliers | 440/4 | €82,092 | €656,820 | +€574,728 | +700.1% |
| Taxes, remuneration and social security | 45 | €30,393 | €70,238 | +€39,845 | +131.1% |
| Taxes | 450/3 | €27,057 | €60,474 | +€33,416 | +123.5% |
| Remuneration and social security | 454/9 | €3,336 | €9,764 | +€6,428 | +192.7% |
| Accrued charges and deferred income | 492/3 | €20,000 | €0 | -€20,000 | -100.0% |
| Non-recurring operating income | 76A | €40,321 | €0 | -€40,321 | -100.0% |
| Remuneration, social security and pensions | 62 | €34,619 | €43,235 | +€8,616 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,057 | €6,099 | +€1,042 | +20.6% |
| Other operating charges | 640/8 | €3,976 | €12,721 | +€8,745 | +220.0% |
| Gross operating margin | 9900 | €69,190 | €230,405 | +€161,214 | +233.0% |
| Operating profit (loss) | 9901 | €25,538 | €168,349 | +€142,811 | +559.2% |
| Financial income | 75/76B | €236 | €40 | -€196 | -83.0% |
| Recurring financial income | 75 | €236 | €40 | -€196 | -83.0% |
| Financial charges | 65/66B | €17,009 | €14,965 | -€2,044 | -12.0% |
| Recurring financial charges | 65 | €17,009 | €14,965 | -€2,044 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €8,766 | €153,425 | +€144,659 | +1650.3% |
| Income taxes | 67/77 | €6,391 | €54,730 | +€48,339 | +756.4% |
| Profit (loss) for the period | 9904 | €2,375 | €98,695 | +€96,320 | +4055.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,375 | €98,695 | +€96,320 | +4055.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.