MONAZA: 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.
MONAZA
Largest movements
- Cash -€56,506
down €56,506 (-79.2%), from €71,372 to €14,866
mainly Investment in fixed assets (net) (-€46,530) and Receivables within one year (-€21,612)
- Tangible fixed assets +€43,539
up €43,539 (+206%), from €21,174 to €64,713
of which Land and buildings: +€44,499
- Receivables within one year +€21,612
up €21,612 (+87.9%), from €24,599 to €46,211
of which Other amounts receivable: +€20,063
- Accrued charges and deferred income -€19,390
no longer reported in 2025 (was €19,390)
- Tax, wage and social debts +€19,031
up €19,031 (+109%), from €17,461 to €36,492
of which Taxes: +€11,411
- Profit (loss) carried forward +€18,985
up €18,985 (+52.3%), from €36,331 to €55,316
- Trade debts -€9,981
down €9,981 (-23.8%), from €41,963 to €31,982
- Staff costs +€26,843
up €26,843 (+48.9%), from €54,883 to €81,726
- Gross operating margin +€10,725
up €10,725 (+10.3%), from €103,967 to €114,692
- Financial charges -€4,635
down €4,635 (-54.4%), from €8,522 to €3,887
- Taxes -€3,815
down €3,815 (-38.9%), from €9,815 to €6,000
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 | €117,145 | €125,790 | +€8,645 | +7.4% |
| Fixed assets | 21/28 | €21,174 | €64,713 | +€43,539 | +206% |
| Tangible fixed assets | 22/27 | €21,174 | €64,713 | +€43,539 | +206% |
| Land and buildings | 22 | €17,297 | €61,796 | +€44,499 | +257% |
| Furniture and vehicles | 24 | €3,877 | €2,917 | -€960 | -24.8% |
| Current assets | 29/58 | €95,971 | €61,077 | -€34,894 | -36.4% |
| Amounts receivable within one year | 40/41 | €24,599 | €46,211 | +€21,612 | +87.9% |
| Trade receivables | 40 | €5,375 | €6,924 | +€1,549 | +28.8% |
| Other amounts receivable | 41 | €19,224 | €39,287 | +€20,063 | +104% |
| Cash at bank and in hand | 54/58 | €71,372 | €14,866 | -€56,506 | -79.2% |
| Total equity and liabilities | 10/49 | €117,145 | €125,790 | +€8,645 | +7.4% |
| Equity | 10/15 | €38,331 | €57,316 | +€18,985 | +49.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,331 | €55,316 | +€18,985 | +52.3% |
| Amounts payable | 17/49 | €78,814 | €68,474 | -€10,340 | -13.1% |
| Amounts payable within one year | 42/48 | €59,424 | €68,474 | +€9,050 | +15.2% |
| Trade debts | 44 | €41,963 | €31,982 | -€9,981 | -23.8% |
| Suppliers | 440/4 | €41,963 | €31,982 | -€9,981 | -23.8% |
| Taxes, remuneration and social security | 45 | €17,461 | €36,492 | +€19,031 | +109% |
| Taxes | 450/3 | €9,600 | €21,011 | +€11,411 | +119% |
| Remuneration and social security | 454/9 | €7,861 | €15,481 | +€7,620 | +96.9% |
| Accrued charges and deferred income | 492/3 | €19,390 | - | -€19,390 | |
| Remuneration, social security and pensions | 62 | €54,883 | €81,726 | +€26,843 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,955 | €2,991 | +€36 | +1.2% |
| Other operating charges | 640/8 | €1,239 | €573 | -€666 | -53.8% |
| Non-recurring operating charges | 66A | €58 | - | -€58 | |
| Gross operating margin | 9900 | €103,967 | €114,692 | +€10,725 | +10.3% |
| Operating profit (loss) | 9901 | €44,832 | €29,402 | -€15,430 | -34.4% |
| Financial income | 75/76B | €34 | €240 | +€206 | +606% |
| Recurring financial income | 75 | €34 | €240 | +€206 | +606% |
| Financial charges | 65/66B | €8,522 | €3,887 | -€4,635 | -54.4% |
| Recurring financial charges | 65 | €8,522 | €3,887 | -€4,635 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €36,344 | €25,755 | -€10,589 | -29.1% |
| Income taxes | 67/77 | €9,815 | €6,000 | -€3,815 | -38.9% |
| Profit (loss) for the period | 9904 | €26,529 | €19,755 | -€6,774 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,529 | €19,755 | -€6,774 | -25.5% |
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 13 October 2026 via checked.be.