MONERIM: 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.
MONERIM
Largest movements
- Tangible fixed assets +€44,981
up €44,981 (+6.3%), from €712,954 to €757,935
of which Land and buildings: +€49,301
- Current investments +€40,000
new in 2025: €40,000
- Debts after one year +€68,601
up €68,601 (+19.6%), from €350,514 to €419,115
- Other debts +€18,401
up €18,401 (+152.4%), from €12,072 to €30,472
- Reserves -€17,284
down €17,284 (-13.2%), from €131,170 to €113,886
of which Distributable reserves: -€57,284
- Current portion of long-term debt +€13,772
up €13,772 (+81.9%), from €16,821 to €30,593
- Gross operating margin -€12,342
down €12,342 (-16.2%), from €76,018 to €63,676
- Depreciation +€7,789
up €7,789 (+18.2%), from €42,832 to €50,621
- Financial charges -€3,881
down €3,881 (-17.2%), from €22,598 to €18,716
- Taxes +€918
up €918 (+1377.9%), from €67 to €985
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 | €749,331 | €836,596 | +€87,265 | +11.6% |
| Formation expenses | 20 | €1,641 | €1,313 | -€328 | -20.0% |
| Fixed assets | 21/28 | €712,954 | €757,935 | +€44,981 | +6.3% |
| Tangible fixed assets | 22/27 | €712,954 | €757,935 | +€44,981 | +6.3% |
| Land and buildings | 22 | €662,965 | €712,266 | +€49,301 | +7.4% |
| Furniture and vehicles | 24 | €49,989 | €45,669 | -€4,320 | -8.6% |
| Current assets | 29/58 | €34,736 | €77,348 | +€42,612 | +122.7% |
| Amounts receivable within one year | 40/41 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts receivable | 41 | €3,000 | €0 | -€3,000 | -100.0% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €26,057 | €33,703 | +€7,646 | +29.3% |
| Deferred charges and accrued income | 490/1 | €5,679 | €3,645 | -€2,034 | -35.8% |
| Total equity and liabilities | 10/49 | €749,331 | €836,596 | +€87,265 | +11.6% |
| Equity | 10/15 | €231,170 | €213,886 | -€17,284 | -7.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €131,170 | €113,886 | -€17,284 | -13.2% |
| Non-distributable reserves | 130/1 | €10,000 | €50,000 | +€40,000 | +400.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Own shares acquired | 1312 | - | €40,000 | +€40,000 | |
| Distributable reserves | 133 | €121,170 | €63,886 | -€57,284 | -47.3% |
| Amounts payable | 17/49 | €518,161 | €622,710 | +€104,549 | +20.2% |
| Amounts payable after more than one year | 17 | €350,514 | €419,115 | +€68,601 | +19.6% |
| Financial debts | 170/4 | €350,514 | €419,115 | +€68,601 | +19.6% |
| Amounts payable within one year | 42/48 | €166,148 | €202,095 | +€35,948 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €16,821 | €30,593 | +€13,772 | +81.9% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €384 | €3,559 | +€3,175 | +825.9% |
| Suppliers | 440/4 | €384 | €3,559 | +€3,175 | +825.9% |
| Taxes, remuneration and social security | 45 | €11,870 | €12,470 | +€600 | +5.1% |
| Taxes | 450/3 | €11,870 | €12,470 | +€600 | +5.1% |
| Other amounts payable | 47/48 | €12,072 | €30,472 | +€18,401 | +152.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,832 | €50,621 | +€7,789 | +18.2% |
| Other operating charges | 640/8 | €10,483 | €10,638 | +€154 | +1.5% |
| Gross operating margin | 9900 | €76,018 | €63,676 | -€12,342 | -16.2% |
| Operating profit (loss) | 9901 | €22,703 | €2,418 | -€20,285 | -89.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €22,598 | €18,716 | -€3,881 | -17.2% |
| Recurring financial charges | 65 | €22,598 | €18,716 | -€3,881 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €105 | -€16,299 | -€16,404 | |
| Income taxes | 67/77 | €67 | €985 | +€918 | +1377.9% |
| Profit (loss) for the period | 9904 | €38 | -€17,284 | -€17,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €38 | -€17,284 | -€17,322 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.