Mond@Gent: 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@Gent
Largest movements
- Tangible fixed assets -€120,802
down €120,802 (-27.3%), from €443,300 to €322,498
- Cash +€119,916
up €119,916 (+61.1%), from €196,117 to €316,034
mainly Net result for the year (+€217,271) and Depreciation (+€146,657)
- Stocks and contracts +€24,001
up €24,001 (+78.2%), from €30,673 to €54,674
- Receivables within one year -€13,485
down €13,485 (-22.5%), from €59,808 to €46,323
of which Other amounts receivable: -€10,873
- Trade debts +€65,757
up €65,757 (+31.3%), from €209,759 to €275,517
- Debts after one year -€41,237
down €41,237 (-60.1%), from €68,581 to €27,344
- Current portion of long-term debt -€33,771
down €33,771 (-45.1%), from €74,960 to €41,189
- Tax, wage and social debts +€30,561
up €30,561 (+42.1%), from €72,569 to €103,129
of which Remuneration and social security: +€22,446
- Other debts -€21,763
down €21,763 (-9.2%), from €237,373 to €215,610
- Gross operating margin +€147,705
up €147,705 (+22.4%), from €659,254 to €806,959
- Taxes +€58,570
up €58,570 (+306%), from €19,127 to €77,696
- Staff costs +€23,190
up €23,190 (+7.2%), from €322,027 to €345,217
- Financial charges -€12,136
down €12,136 (-52.9%), from €22,941 to €10,805
- Depreciation +€9,627
up €9,627 (+7.0%), from €137,030 to €146,657
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 | €742,535 | €751,747 | +€9,212 | +1.2% |
| Fixed assets | 21/28 | €449,502 | €326,859 | -€122,642 | -27.3% |
| Intangible fixed assets | 21 | €6,202 | €4,361 | -€1,841 | -29.7% |
| Tangible fixed assets | 22/27 | €443,300 | €322,498 | -€120,802 | -27.3% |
| Land and buildings | 22 | €199,985 | €142,888 | -€57,097 | -28.6% |
| Plant, machinery and equipment | 23 | €185,769 | €137,467 | -€48,302 | -26.0% |
| Furniture and vehicles | 24 | €57,546 | €42,143 | -€15,403 | -26.8% |
| Current assets | 29/58 | €293,033 | €424,888 | +€131,855 | +45.0% |
| Stocks and contracts in progress | 3 | €30,673 | €54,674 | +€24,001 | +78.2% |
| Stocks | 30/36 | €30,673 | €54,674 | +€24,001 | +78.2% |
| Amounts receivable within one year | 40/41 | €59,808 | €46,323 | -€13,485 | -22.5% |
| Trade receivables | 40 | €48,935 | €46,323 | -€2,612 | -5.3% |
| Other amounts receivable | 41 | €10,873 | €0 | -€10,873 | -100% |
| Cash at bank and in hand | 54/58 | €196,117 | €316,034 | +€119,916 | +61.1% |
| Deferred charges and accrued income | 490/1 | €6,434 | €7,857 | +€1,423 | +22.1% |
| Total equity and liabilities | 10/49 | €742,535 | €751,747 | +€9,212 | +1.2% |
| Equity | 10/15 | €55,000 | €55,271 | +€271 | +0.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €271 | +€271 | |
| Amounts payable | 17/49 | €687,535 | €696,475 | +€8,941 | +1.3% |
| Amounts payable after more than one year | 17 | €68,581 | €27,344 | -€41,237 | -60.1% |
| Financial debts | 170/4 | €68,581 | €27,344 | -€41,237 | -60.1% |
| Amounts payable within one year | 42/48 | €618,953 | €669,132 | +€50,178 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €74,960 | €41,189 | -€33,771 | -45.1% |
| Trade debts | 44 | €209,759 | €275,517 | +€65,757 | +31.3% |
| Suppliers | 440/4 | €209,759 | €275,517 | +€65,757 | +31.3% |
| Advances received on contracts in progress | 46 | €24,292 | €33,686 | +€9,394 | +38.7% |
| Taxes, remuneration and social security | 45 | €72,569 | €103,129 | +€30,561 | +42.1% |
| Taxes | 450/3 | €8,313 | €16,427 | +€8,114 | +97.6% |
| Remuneration and social security | 454/9 | €64,255 | €86,702 | +€22,446 | +34.9% |
| Other amounts payable | 47/48 | €237,373 | €215,610 | -€21,763 | -9.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €322,027 | €345,217 | +€23,190 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,030 | €146,657 | +€9,627 | +7.0% |
| Other operating charges | 640/8 | €8,521 | €9,315 | +€794 | +9.3% |
| Gross operating margin | 9900 | €659,254 | €806,959 | +€147,705 | +22.4% |
| Operating profit (loss) | 9901 | €191,677 | €305,771 | +€114,094 | +59.5% |
| Financial income | 75/76B | €62 | €2 | -€60 | -96.8% |
| Recurring financial income | 75 | €62 | €2 | -€60 | -96.8% |
| Financial charges | 65/66B | €22,941 | €10,805 | -€12,136 | -52.9% |
| Recurring financial charges | 65 | €22,941 | €10,805 | -€12,136 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €168,798 | €294,968 | +€126,170 | +74.7% |
| Income taxes | 67/77 | €19,127 | €77,696 | +€58,570 | +306% |
| Profit (loss) for the period | 9904 | €149,671 | €217,271 | +€67,600 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €149,671 | €217,271 | +€67,600 | +45.2% |
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 24 October 2026 via checked.be.