Monbeau: 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.
What changed
Monbeau
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€34,269
2023 · €24,426-€58,696
Equity
€3.0m
2023 · €3.0m-€34,269
Cash
€13,986
2023 · €60,349-€46,363
Balance sheet total
€9.2m
2023 · €9.1m+€107,557
Largest movements
Assets
- Stocks and contracts +€155,213
new in 2024: €155,213
Equity and liabilities
- Debts after one year +€150,000
up €150,000 (+4.3%), from €3.5m to €3.6m
Income statement
- Gross operating margin -€58,780
down €58,780, from €18,480 to -€40,300
- Financial income +€1,595
up €1,595 (+25.8%), from €6,170 to €7,765
- Other operating charges +€1,339
up €1,339 (+1016.7%), from €132 to €1,471
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.
Result 2023
€24,426
Gross operating margin
-€58,780
Other operating charges
-€1,339
Financial income
+€1,595
Financial charges
-€172
Result 2024
-€34,269
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.
From operations
-€196,363
Investment
€0
Financing
+€150,000
Cash 2023
€60,349
From operations (derived)
-€196,363
Net result for the year
-€34,269
Receivables after one year
-€7,465
Stocks and contracts
-€155,213
Receivables within one year
+€10,179
Deferred charges and accrued income
-€1,421
Trade debts
+€357
Tax, wage and social debts
+€18,357
Other debts
-€26,887
Financing
+€150,000
Debts after one year
+€150,000
Cash 2024
€13,986
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,136,614 | €9,244,171 | +€107,557 | +1.2% |
| Fixed assets | 21/28 | €8,571,408 | €8,571,408 | = | 0.0% |
| Tangible fixed assets | 22/27 | €380,000 | €380,000 | = | 0.0% |
| Land and buildings | 22 | €380,000 | €380,000 | = | 0.0% |
| Financial fixed assets | 28 | €8,191,408 | €8,191,408 | = | 0.0% |
| Current assets | 29/58 | €565,206 | €672,763 | +€107,557 | +19.0% |
| Amounts receivable after more than one year | 29 | €426,554 | €434,019 | +€7,465 | +1.8% |
| Other amounts receivable | 291 | €426,554 | €434,019 | +€7,465 | +1.8% |
| Stocks and contracts in progress | 3 | - | €155,213 | +€155,213 | |
| Stocks | 30/36 | - | €155,213 | +€155,213 | |
| Amounts receivable within one year | 40/41 | €75,559 | €65,380 | -€10,179 | -13.5% |
| Trade receivables | 40 | €73,179 | €61,593 | -€11,585 | -15.8% |
| Other amounts receivable | 41 | €2,380 | €3,786 | +€1,406 | +59.1% |
| Cash at bank and in hand | 54/58 | €60,349 | €13,986 | -€46,363 | -76.8% |
| Deferred charges and accrued income | 490/1 | €2,744 | €4,165 | +€1,421 | +51.8% |
| Total equity and liabilities | 10/49 | €9,136,614 | €9,244,171 | +€107,557 | +1.2% |
| Equity | 10/15 | €3,021,849 | €2,987,579 | -€34,269 | -1.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Uncalled capital | 101 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,043,199 | €2,043,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €1,893,199 | €1,893,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,350 | -€55,619 | -€34,269 | -160.5% |
| Amounts payable | 17/49 | €6,114,765 | €6,256,592 | +€141,827 | +2.3% |
| Amounts payable after more than one year | 17 | €3,478,159 | €3,628,159 | +€150,000 | +4.3% |
| Financial debts | 170/4 | €3,478,159 | €3,628,159 | +€150,000 | +4.3% |
| Amounts payable within one year | 42/48 | €2,636,607 | €2,628,433 | -€8,173 | -0.3% |
| Trade debts | 44 | €215 | €572 | +€357 | +166.1% |
| Suppliers | 440/4 | €215 | €572 | +€357 | +166.1% |
| Taxes, remuneration and social security | 45 | €44,943 | €63,300 | +€18,357 | +40.8% |
| Taxes | 450/3 | €14,443 | €2,400 | -€12,043 | -83.4% |
| Remuneration and social security | 454/9 | €30,500 | €60,900 | +€30,400 | +99.7% |
| Other amounts payable | 47/48 | €2,591,448 | €2,564,561 | -€26,887 | -1.0% |
| Other operating charges | 640/8 | €132 | €1,471 | +€1,339 | +1016.7% |
| Gross operating margin | 9900 | €18,480 | -€40,300 | -€58,780 | |
| Operating profit (loss) | 9901 | €18,348 | -€41,771 | -€60,119 | |
| Financial income | 75/76B | €6,170 | €7,765 | +€1,595 | +25.8% |
| Recurring financial income | 75 | €6,170 | €7,765 | +€1,595 | +25.8% |
| Financial charges | 65/66B | €92 | €263 | +€172 | +187.1% |
| Recurring financial charges | 65 | €92 | €263 | +€172 | +187.1% |
| Profit (loss) for the period before taxes | 9903 | €24,426 | -€34,269 | -€58,696 | |
| Profit (loss) for the period | 9904 | €24,426 | -€34,269 | -€58,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,426 | -€34,269 | -€58,696 |
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 4 October 2026 via checked.be.