MONCEAU: 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.
MONCEAU
Largest movements
- Tangible fixed assets -€16,455
down €16,455 (-5.3%), from €307,635 to €291,180
of which Land and buildings: -€10,648
- Other debts -€18,115
down €18,115 (-4.5%), from €398,840 to €380,725
- Short-term financial debts +€11,165
up €11,165 (+136.4%), from €8,187 to €19,352
- Profit (loss) carried forward -€8,167
down €8,167 (-3.3%), from -€244,110 to -€252,277
- Gross operating margin -€3,605
down €3,605 (-17.4%), from €20,735 to €17,130
- Financial charges -€1,654
down €1,654 (-56.8%), from €2,911 to €1,257
- Depreciation -€667
down €667 (-3.9%), from €17,122 to €16,455
- Other operating charges +€236
up €236 (+3.2%), from €7,352 to €7,588
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 | €333,382 | €318,413 | -€14,969 | -4.5% |
| Fixed assets | 21/28 | €307,935 | €291,480 | -€16,455 | -5.3% |
| Tangible fixed assets | 22/27 | €307,635 | €291,180 | -€16,455 | -5.3% |
| Land and buildings | 22 | €285,690 | €275,042 | -€10,648 | -3.7% |
| Plant, machinery and equipment | 23 | €21,510 | €16,125 | -€5,385 | -25.0% |
| Furniture and vehicles | 24 | €435 | €13 | -€422 | -97.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €25,447 | €26,933 | +€1,486 | +5.8% |
| Amounts receivable within one year | 40/41 | €24,827 | €26,313 | +€1,486 | +6.0% |
| Trade receivables | 40 | €23,535 | €24,963 | +€1,428 | +6.1% |
| Other amounts receivable | 41 | €1,292 | €1,350 | +€58 | +4.5% |
| Cash at bank and in hand | 54/58 | €620 | €620 | = | 0.0% |
| Total equity and liabilities | 10/49 | €333,382 | €318,413 | -€14,969 | -4.5% |
| Equity | 10/15 | -€223,650 | -€231,817 | -€8,167 | -3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,110 | -€252,277 | -€8,167 | -3.3% |
| Amounts payable | 17/49 | €557,032 | €550,230 | -€6,802 | -1.2% |
| Amounts payable within one year | 42/48 | €557,032 | €550,230 | -€6,802 | -1.2% |
| Financial debts | 43 | €8,187 | €19,352 | +€11,165 | +136.4% |
| Credit institutions | 430/8 | €8,187 | €19,352 | +€11,165 | +136.4% |
| Trade debts | 44 | €150,005 | €150,153 | +€148 | +0.1% |
| Suppliers | 440/4 | €150,005 | €150,153 | +€148 | +0.1% |
| Other amounts payable | 47/48 | €398,840 | €380,725 | -€18,115 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,122 | €16,455 | -€667 | -3.9% |
| Other operating charges | 640/8 | €7,352 | €7,588 | +€236 | +3.2% |
| Gross operating margin | 9900 | €20,735 | €17,130 | -€3,605 | -17.4% |
| Operating profit (loss) | 9901 | -€3,739 | -€6,913 | -€3,174 | -84.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,911 | €1,257 | -€1,654 | -56.8% |
| Recurring financial charges | 65 | €2,911 | €1,257 | -€1,654 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,650 | -€8,167 | -€1,517 | -22.8% |
| Profit (loss) for the period | 9904 | -€6,650 | -€8,167 | -€1,517 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,650 | -€8,167 | -€1,517 | -22.8% |
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 28 September 2026 via checked.be.