MONERY: 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.
MONERY
Largest movements
- Tangible fixed assets +€518,622
up €518,622 (+64.6%), from €802,771 to €1.3m
of which Land and buildings: +€546,947
- Cash -€119,802
down €119,802 (-45.7%), from €262,316 to €142,514
mainly Investment in fixed assets (net) (-€600,608) and Smaller working-capital items (-€2,109)
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Reserves +€262,071
up €262,071 (+30.3%), from €864,420 to €1.1m
- Debts after one year +€65,979
up €65,979 (+37.3%), from €177,057 to €243,036
of which Other amounts payable: +€114,737
- Trade debts +€22,410
up €22,410 (+79.4%), from €28,230 to €50,640
- Gross operating margin +€59,882
up €59,882 (+16.0%), from €374,285 to €434,167
- Depreciation +€30,437
up €30,437 (+59.0%), from €51,549 to €81,987
- Taxes -€16,514
down €16,514 (-16.6%), from €99,615 to €83,101
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 | €1,204,548 | €1,554,164 | +€349,616 | +29.0% |
| Fixed assets | 21/28 | €802,771 | €1,321,393 | +€518,622 | +64.6% |
| Tangible fixed assets | 22/27 | €802,771 | €1,321,393 | +€518,622 | +64.6% |
| Land and buildings | 22 | €733,417 | €1,280,364 | +€546,947 | +74.6% |
| Furniture and vehicles | 24 | €69,354 | €41,029 | -€28,325 | -40.8% |
| Current assets | 29/58 | €401,776 | €232,771 | -€169,006 | -42.1% |
| Amounts receivable within one year | 40/41 | €37,968 | €38,144 | +€176 | +0.5% |
| Trade receivables | 40 | €3,742 | €3,144 | -€598 | -16.0% |
| Other amounts receivable | 41 | €34,226 | €35,000 | +€774 | +2.3% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €262,316 | €142,514 | -€119,802 | -45.7% |
| Deferred charges and accrued income | 490/1 | €1,492 | €2,113 | +€621 | +41.6% |
| Total equity and liabilities | 10/49 | €1,204,548 | €1,554,164 | +€349,616 | +29.0% |
| Equity | 10/15 | €883,020 | €1,145,092 | +€262,071 | +29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €864,420 | €1,126,492 | +€262,071 | +30.3% |
| Distributable reserves | 133 | €864,420 | €1,126,492 | +€262,071 | +30.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €321,527 | €409,072 | +€87,545 | +27.2% |
| Amounts payable after more than one year | 17 | €177,057 | €243,036 | +€65,979 | +37.3% |
| Financial debts | 170/4 | €176,915 | €128,157 | -€48,758 | -27.6% |
| Other amounts payable | 178/9 | €142 | €114,879 | +€114,737 | +80977.7% |
| Amounts payable within one year | 42/48 | €144,470 | €166,036 | +€21,565 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €48,290 | €48,758 | +€468 | +1.0% |
| Trade debts | 44 | €28,230 | €50,640 | +€22,410 | +79.4% |
| Suppliers | 440/4 | €28,230 | €50,640 | +€22,410 | +79.4% |
| Taxes, remuneration and social security | 45 | €67,950 | €66,638 | -€1,313 | -1.9% |
| Taxes | 450/3 | €67,950 | €66,638 | -€1,313 | -1.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,549 | €81,987 | +€30,437 | +59.0% |
| Other operating charges | 640/8 | €3,512 | €2,466 | -€1,046 | -29.8% |
| Non-recurring operating charges | 66A | €178 | €0 | -€178 | -100.0% |
| Gross operating margin | 9900 | €374,285 | €434,167 | +€59,882 | +16.0% |
| Operating profit (loss) | 9901 | €319,046 | €349,715 | +€30,669 | +9.6% |
| Financial income | 75/76B | €6,170 | €2,026 | -€4,144 | -67.2% |
| Recurring financial income | 75 | €6,170 | €2,026 | -€4,144 | -67.2% |
| Financial charges | 65/66B | €2,496 | €6,569 | +€4,072 | +163.1% |
| Recurring financial charges | 65 | €2,496 | €6,569 | +€4,072 | +163.1% |
| Profit (loss) for the period before taxes | 9903 | €322,720 | €345,172 | +€22,453 | +7.0% |
| Income taxes | 67/77 | €99,615 | €83,101 | -€16,514 | -16.6% |
| Profit (loss) for the period | 9904 | €223,104 | €262,071 | +€38,967 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €223,104 | €262,071 | +€38,967 | +17.5% |
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 9 October 2026 via checked.be.