MONAVIC: 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.
MONAVIC
Largest movements
- Receivables within one year +€275,915
up €275,915 (+67.4%), from €409,492 to €685,406
of which Other amounts receivable: +€287,567
- Cash -€237,241
down €237,241 (-52.6%), from €450,917 to €213,676
mainly Contributions, distributions and other (-€822,136) and Receivables within one year (-€275,915)
- Other debts +€600,000
up €600,000 (+272.6%), from €220,120 to €820,120
- Reserves -€528,126
down €528,126 (-83.8%), from €630,354 to €102,227
- Debts after one year +€51,449
up €51,449, from €0 to €51,449
- Current portion of long-term debt -€37,810
down €37,810 (-87.6%), from €43,151 to €5,341
- Trade debts -€33,578
down €33,578 (-7.4%), from €453,484 to €419,906
- Financial income +€53,470
up €53,470 (+292.6%), from €18,276 to €71,746
- Depreciation -€35,086
down €35,086 (-28.0%), from €125,280 to €90,194
- Financial charges +€20,840
up €20,840 (+41.1%), from €50,740 to €71,580
- Taxes +€15,463
up €15,463 (+17.8%), from €86,669 to €102,131
- Other operating charges +€11,897
up €11,897 (+750.8%), from €1,585 to €13,481
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 | €1,473,622 | €1,516,521 | +€42,898 | +2.9% |
| Fixed assets | 21/28 | €257,560 | €249,010 | -€8,550 | -3.3% |
| Tangible fixed assets | 22/27 | €257,060 | €248,510 | -€8,550 | -3.3% |
| Plant, machinery and equipment | 23 | €50,170 | €98,351 | +€48,180 | +96.0% |
| Furniture and vehicles | 24 | €17,500 | €7,434 | -€10,067 | -57.5% |
| Other tangible fixed assets | 26 | €189,389 | €142,726 | -€46,663 | -24.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,216,062 | €1,267,510 | +€51,448 | +4.2% |
| Stocks and contracts in progress | 3 | €345,959 | €355,290 | +€9,331 | +2.7% |
| Stocks | 30/36 | €345,959 | €355,290 | +€9,331 | +2.7% |
| Amounts receivable within one year | 40/41 | €409,492 | €685,406 | +€275,915 | +67.4% |
| Trade receivables | 40 | €97,409 | €85,757 | -€11,652 | -12.0% |
| Other amounts receivable | 41 | €312,083 | €599,650 | +€287,567 | +92.1% |
| Cash at bank and in hand | 54/58 | €450,917 | €213,676 | -€237,241 | -52.6% |
| Deferred charges and accrued income | 490/1 | €9,695 | €13,138 | +€3,443 | +35.5% |
| Total equity and liabilities | 10/49 | €1,473,622 | €1,516,521 | +€42,898 | +2.9% |
| Equity | 10/15 | €676,763 | €146,500 | -€530,263 | -78.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €630,354 | €102,227 | -€528,126 | -83.8% |
| Distributable reserves | 133 | €630,354 | €102,227 | -€528,126 | -83.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €6,409 | €4,273 | -€2,136 | -33.3% |
| Amounts payable | 17/49 | €796,860 | €1,370,021 | +€573,161 | +71.9% |
| Amounts payable after more than one year | 17 | €0 | €51,449 | +€51,449 | |
| Financial debts | 170/4 | €0 | €51,449 | +€51,449 | |
| Amounts payable within one year | 42/48 | €796,860 | €1,318,572 | +€521,712 | +65.5% |
| Current portion of amounts payable after more than one year | 42 | €43,151 | €5,341 | -€37,810 | -87.6% |
| Trade debts | 44 | €453,484 | €419,906 | -€33,578 | -7.4% |
| Suppliers | 440/4 | €453,484 | €419,906 | -€33,578 | -7.4% |
| Advances received on contracts in progress | 46 | €600 | €1,200 | +€600 | +100.0% |
| Taxes, remuneration and social security | 45 | €79,505 | €72,004 | -€7,500 | -9.4% |
| Taxes | 450/3 | €1,669 | €22,131 | +€20,463 | +1226.2% |
| Remuneration and social security | 454/9 | €77,836 | €49,873 | -€27,963 | -35.9% |
| Other amounts payable | 47/48 | €220,120 | €820,120 | +€600,000 | +272.6% |
| Remuneration, social security and pensions | 62 | €631,658 | €624,557 | -€7,100 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,280 | €90,194 | -€35,086 | -28.0% |
| Other operating charges | 640/8 | €1,585 | €13,481 | +€11,897 | +750.8% |
| Gross operating margin | 9900 | €1,124,203 | €1,122,071 | -€2,132 | -0.2% |
| Operating profit (loss) | 9901 | €365,681 | €393,839 | +€28,157 | +7.7% |
| Financial income | 75/76B | €18,276 | €71,746 | +€53,470 | +292.6% |
| Recurring financial income | 75 | €18,276 | €71,746 | +€53,470 | +292.6% |
| Financial charges | 65/66B | €50,740 | €71,580 | +€20,840 | +41.1% |
| Recurring financial charges | 65 | €50,740 | €71,580 | +€20,840 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €333,218 | €394,005 | +€60,787 | +18.2% |
| Income taxes | 67/77 | €86,669 | €102,131 | +€15,463 | +17.8% |
| Profit (loss) for the period | 9904 | €246,549 | €291,874 | +€45,325 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €246,549 | €291,874 | +€45,325 | +18.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.