MONBALIU & C°: 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.
MONBALIU & C°
Largest movements
- Cash -€159,216
down €159,216 (-31.6%), from €504,459 to €345,243
mainly Other debts (-€556,248) and Stocks and contracts (-€30,863)
- Tangible fixed assets -€58,263
down €58,263 (-2.0%), from €3.0m to €2.9m
of which Furniture and vehicles: -€45,333
- Other debts -€556,248
down €556,248 (-60.9%), from €912,699 to €356,451
- Debts after one year +€337,729
up €337,729 (+14.6%), from €2.3m to €2.6m
of which Other amounts payable: +€380,000
- Reserves +€74,016
up €74,016 (+38.9%), from €190,172 to €264,188
of which Distributable reserves: +€74,016
- Gross operating margin -€121,642
down €121,642 (-35.0%), from €347,299 to €225,657
- Financial income +€70,969
up €70,969 (+176.1%), from €40,302 to €111,272
- Taxes +€24,123
up €24,123 (+345.1%), from €6,991 to €31,114
- Financial charges +€22,721
up €22,721 (+23.8%), from €95,613 to €118,334
- Depreciation -€5,480
down €5,480 (-7.9%), from €69,011 to €63,531
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 | €5,037,059 | €4,894,649 | -€142,410 | -2.8% |
| Fixed assets | 21/28 | €2,957,946 | €2,899,682 | -€58,263 | -2.0% |
| Tangible fixed assets | 22/27 | €2,957,946 | €2,899,682 | -€58,263 | -2.0% |
| Land and buildings | 22 | €2,803,198 | €2,797,923 | -€5,276 | -0.2% |
| Plant, machinery and equipment | 23 | €18,600 | €10,945 | -€7,655 | -41.2% |
| Furniture and vehicles | 24 | €136,147 | €90,814 | -€45,333 | -33.3% |
| Current assets | 29/58 | €2,079,114 | €1,994,967 | -€84,147 | -4.0% |
| Stocks and contracts in progress | 3 | €1,068,516 | €1,099,379 | +€30,863 | +2.9% |
| Stocks | 30/36 | €1,068,516 | €1,099,379 | +€30,863 | +2.9% |
| Amounts receivable within one year | 40/41 | €501,308 | €515,097 | +€13,789 | +2.8% |
| Trade receivables | 40 | - | €1,367 | +€1,367 | |
| Other amounts receivable | 41 | €501,308 | €513,730 | +€12,422 | +2.5% |
| Cash at bank and in hand | 54/58 | €504,459 | €345,243 | -€159,216 | -31.6% |
| Deferred charges and accrued income | 490/1 | €4,831 | €35,248 | +€30,417 | +629.6% |
| Total equity and liabilities | 10/49 | €5,037,059 | €4,894,649 | -€142,410 | -2.8% |
| Equity | 10/15 | €1,658,585 | €1,732,602 | +€74,016 | +4.5% |
| Contributions | 10/11 | €1,225,000 | €1,225,000 | = | 0.0% |
| Reserves | 13 | €190,172 | €264,188 | +€74,016 | +38.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Other | 1319 | - | €2,500 | +€2,500 | |
| Tax-exempt reserves | 132 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €185,688 | €259,705 | +€74,016 | +39.9% |
| Profit (loss) carried forward | 14 | €243,414 | €243,414 | = | 0.0% |
| Amounts payable | 17/49 | €3,378,474 | €3,162,047 | -€216,427 | -6.4% |
| Amounts payable after more than one year | 17 | €2,306,798 | €2,644,528 | +€337,729 | +14.6% |
| Financial debts | 170/4 | €811,798 | €769,528 | -€42,271 | -5.2% |
| Other amounts payable | 178/9 | €1,495,000 | €1,875,000 | +€380,000 | +25.4% |
| Amounts payable within one year | 42/48 | €973,901 | €399,293 | -€574,608 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €41,807 | €42,271 | +€464 | +1.1% |
| Trade debts | 44 | €4,507 | €236 | -€4,271 | -94.8% |
| Suppliers | 440/4 | €4,507 | €236 | -€4,271 | -94.8% |
| Taxes, remuneration and social security | 45 | €14,889 | €335 | -€14,554 | -97.8% |
| Taxes | 450/3 | €7,996 | €335 | -€7,661 | -95.8% |
| Remuneration and social security | 454/9 | €6,893 | €0 | -€6,893 | -100.0% |
| Other amounts payable | 47/48 | €912,699 | €356,451 | -€556,248 | -60.9% |
| Accrued charges and deferred income | 492/3 | €97,774 | €118,226 | +€20,452 | +20.9% |
| Non-recurring operating income | 76A | €53,984 | - | -€53,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,011 | €63,531 | -€5,480 | -7.9% |
| Other operating charges | 640/8 | €53,033 | €49,935 | -€3,099 | -5.8% |
| Gross operating margin | 9900 | €347,299 | €225,657 | -€121,642 | -35.0% |
| Operating profit (loss) | 9901 | €225,255 | €112,192 | -€113,063 | -50.2% |
| Financial income | 75/76B | €40,302 | €111,272 | +€70,969 | +176.1% |
| Recurring financial income | 75 | €40,302 | €111,272 | +€70,969 | +176.1% |
| Financial charges | 65/66B | €95,613 | €118,334 | +€22,721 | +23.8% |
| Recurring financial charges | 65 | €95,613 | €118,334 | +€22,721 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €169,945 | €105,130 | -€64,815 | -38.1% |
| Income taxes | 67/77 | €6,991 | €31,114 | +€24,123 | +345.1% |
| Profit (loss) for the period | 9904 | €162,954 | €74,016 | -€88,938 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €162,954 | €74,016 | -€88,938 | -54.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.