MONBUT: 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.
MONBUT
Largest movements
- Receivables within one year -€102,952
down €102,952 (-53.3%), from €193,112 to €90,160
of which Trade receivables: -€84,205
- Tangible fixed assets -€97,753
down €97,753 (-5.5%), from €1.8m to €1.7m
- Trade debts -€143,041
down €143,041 (-26.3%), from €544,549 to €401,508
- Debts after one year -€115,288
down €115,288 (-11.6%), from €993,832 to €878,544
of which Financial debts: -€115,288
- Profit (loss) carried forward +€53,141
up €53,141 (+15.9%), from €333,969 to €387,110
- Tax, wage and social debts -€31,758
down €31,758 (-23.2%), from €137,037 to €105,279
of which Taxes: -€25,302
- Gross operating margin -€341,812
down €341,812 (-29.1%), from €1.2m to €832,787
- Financial income +€106,059
up €106,059 (+1425.4%), from €7,441 to €113,500
of which Non-recurring financial income: +€96,000
- Staff costs +€30,482
up €30,482 (+5.3%), from €577,826 to €608,308
- Financial charges -€14,524
down €14,524 (-20.0%), from €72,568 to €58,044
of which Non-recurring financial charges: -€12,222
- Taxes -€12,886
down €12,886 (-41.0%), from €31,443 to €18,557
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 | €2,675,816 | €2,412,594 | -€263,222 | -9.8% |
| Formation expenses | 20 | €41,337 | €28,203 | -€13,134 | -31.8% |
| Fixed assets | 21/28 | €1,775,457 | €1,677,136 | -€98,321 | -5.5% |
| Intangible fixed assets | 21 | €1,324 | €756 | -€568 | -42.9% |
| Tangible fixed assets | 22/27 | €1,767,465 | €1,669,713 | -€97,753 | -5.5% |
| Land and buildings | 22 | €754,308 | €736,477 | -€17,831 | -2.4% |
| Plant, machinery and equipment | 23 | €637,728 | €599,647 | -€38,081 | -6.0% |
| Furniture and vehicles | 24 | €375,430 | €333,589 | -€41,841 | -11.1% |
| Financial fixed assets | 28 | €6,668 | €6,668 | = | 0.0% |
| Current assets | 29/58 | €859,022 | €707,255 | -€151,768 | -17.7% |
| Stocks and contracts in progress | 3 | €327,888 | €325,848 | -€2,040 | -0.6% |
| Stocks | 30/36 | €327,888 | €325,848 | -€2,040 | -0.6% |
| Amounts receivable within one year | 40/41 | €193,112 | €90,160 | -€102,952 | -53.3% |
| Trade receivables | 40 | €135,845 | €51,640 | -€84,205 | -62.0% |
| Other amounts receivable | 41 | €57,268 | €38,520 | -€18,747 | -32.7% |
| Cash at bank and in hand | 54/58 | €301,354 | €278,824 | -€22,530 | -7.5% |
| Deferred charges and accrued income | 490/1 | €36,668 | €12,422 | -€24,246 | -66.1% |
| Total equity and liabilities | 10/49 | €2,675,816 | €2,412,594 | -€263,222 | -9.8% |
| Equity | 10/15 | €806,577 | €859,718 | +€53,141 | +6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €410,608 | €410,608 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €404,408 | €404,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | €333,969 | €387,110 | +€53,141 | +15.9% |
| Amounts payable | 17/49 | €1,869,239 | €1,552,876 | -€316,363 | -16.9% |
| Amounts payable after more than one year | 17 | €993,832 | €878,544 | -€115,288 | -11.6% |
| Financial debts | 170/4 | €990,032 | €874,744 | -€115,288 | -11.6% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €866,709 | €670,609 | -€196,101 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €134,690 | €134,316 | -€375 | -0.3% |
| Trade debts | 44 | €544,549 | €401,508 | -€143,041 | -26.3% |
| Suppliers | 440/4 | €544,549 | €401,508 | -€143,041 | -26.3% |
| Taxes, remuneration and social security | 45 | €137,037 | €105,279 | -€31,758 | -23.2% |
| Taxes | 450/3 | €52,208 | €26,906 | -€25,302 | -48.5% |
| Remuneration and social security | 454/9 | €84,830 | €78,373 | -€6,456 | -7.6% |
| Other amounts payable | 47/48 | €50,433 | €29,506 | -€20,927 | -41.5% |
| Accrued charges and deferred income | 492/3 | €8,697 | €3,723 | -€4,974 | -57.2% |
| Non-recurring operating income | 76A | €12,507 | €16,544 | +€4,037 | +32.3% |
| Remuneration, social security and pensions | 62 | €577,826 | €608,308 | +€30,482 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,876 | €170,872 | +€7,996 | +4.9% |
| Other operating charges | 640/8 | €32,714 | €36,750 | +€4,036 | +12.3% |
| Non-recurring operating charges | 66A | €205 | €614 | +€409 | +199.5% |
| Gross operating margin | 9900 | €1,174,599 | €832,787 | -€341,812 | -29.1% |
| Operating profit (loss) | 9901 | €400,979 | €16,243 | -€384,736 | -95.9% |
| Financial income | 75/76B | €7,441 | €113,500 | +€106,059 | +1425.4% |
| Recurring financial income | 75 | €7,441 | €17,500 | +€10,059 | +135.2% |
| Non-recurring financial income | 76B | - | €96,000 | +€96,000 | |
| Financial charges | 65/66B | €72,568 | €58,044 | -€14,524 | -20.0% |
| Recurring financial charges | 65 | €55,016 | €52,714 | -€2,302 | -4.2% |
| Non-recurring financial charges | 66B | €17,552 | €5,331 | -€12,222 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €335,851 | €71,698 | -€264,154 | -78.7% |
| Income taxes | 67/77 | €31,443 | €18,557 | -€12,886 | -41.0% |
| Profit (loss) for the period | 9904 | €304,408 | €53,141 | -€251,268 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €304,408 | €53,141 | -€251,268 | -82.5% |
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 6 October 2026 via checked.be.