MOND BLANCHE: 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.
MOND BLANCHE
Largest movements
- Receivables within one year -€4,347
down €4,347 (-24.6%), from €17,677 to €13,330
- Cash -€1,509
down €1,509 (-1.2%), from €127,883 to €126,374
mainly Contributions, distributions and other (-€216,000) and Investment in fixed assets (net) (-€1,190)
- Profit (loss) carried forward -€120,547
down €120,547 (-95.2%), from €126,651 to €6,104
- Other debts +€109,906
up €109,906 (+20,548%), from €535 to €110,441
- Tax, wage and social debts +€4,089
up €4,089 (+23.9%), from €17,098 to €21,187
- Gross operating margin +€43,394
up €43,394 (+52.9%), from €81,977 to €125,372
- Taxes +€10,008
up €10,008 (+58.6%), from €17,081 to €27,089
- Depreciation +€1,357
up €1,357 (+220%), from €618 to €1,975
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 | €150,783 | €144,873 | -€5,910 | -3.9% |
| Fixed assets | 21/28 | €5,140 | €4,355 | -€785 | -15.3% |
| Tangible fixed assets | 22/27 | €5,140 | €4,355 | -€785 | -15.3% |
| Furniture and vehicles | 24 | €5,140 | €4,355 | -€785 | -15.3% |
| Current assets | 29/58 | €145,643 | €140,518 | -€5,125 | -3.5% |
| Amounts receivable within one year | 40/41 | €17,677 | €13,330 | -€4,347 | -24.6% |
| Trade receivables | 40 | €17,677 | €13,330 | -€4,347 | -24.6% |
| Cash at bank and in hand | 54/58 | €127,883 | €126,374 | -€1,509 | -1.2% |
| Deferred charges and accrued income | 490/1 | €82 | €813 | +€731 | +890% |
| Total equity and liabilities | 10/49 | €150,783 | €144,873 | -€5,910 | -3.9% |
| Equity | 10/15 | €131,651 | €11,104 | -€120,547 | -91.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,651 | €6,104 | -€120,547 | -95.2% |
| Amounts payable | 17/49 | €19,132 | €133,769 | +€114,637 | +599% |
| Amounts payable within one year | 42/48 | €19,132 | €133,769 | +€114,637 | +599% |
| Trade debts | 44 | €1,498 | €2,141 | +€642 | +42.9% |
| Suppliers | 440/4 | €1,498 | €2,141 | +€642 | +42.9% |
| Taxes, remuneration and social security | 45 | €17,098 | €21,187 | +€4,089 | +23.9% |
| Taxes | 450/3 | €17,098 | €21,187 | +€4,089 | +23.9% |
| Other amounts payable | 47/48 | €535 | €110,441 | +€109,906 | +20,548% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €618 | €1,975 | +€1,357 | +220% |
| Other operating charges | 640/8 | - | €601 | +€601 | |
| Gross operating margin | 9900 | €81,977 | €125,372 | +€43,394 | +52.9% |
| Operating profit (loss) | 9901 | €81,359 | €122,795 | +€41,436 | +50.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €193 | €253 | +€60 | +31.1% |
| Recurring financial charges | 65 | €193 | €253 | +€60 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €81,167 | €122,542 | +€41,374 | +51.0% |
| Income taxes | 67/77 | €17,081 | €27,089 | +€10,008 | +58.6% |
| Profit (loss) for the period | 9904 | €64,086 | €95,453 | +€31,366 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,086 | €95,453 | +€31,366 | +48.9% |
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 19 October 2026 via checked.be.