MONFIS: 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.
What changed
MONFIS
NACE 56.112, Limited-service restaurants, excluding mobile food services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€146,982
2024 · €164,902-€17,920
Equity
€199,738
2024 · €263,175-€63,437
Cash
€163,387
2024 · €42,390+€120,997
Balance sheet total
€1.9m
2024 · €1.6m+€238,760
Largest movements
Assets
- Tangible fixed assets +€136,537
up €136,537 (+11.0%), from €1.2m to €1.4m
of which Leasing and similar rights: +€196,323
- Cash +€120,997
up €120,997 (+285.4%), from €42,390 to €163,387
mainly Depreciation (+€190,962) and Other debts (+€150,000)
Equity and liabilities
- Other debts +€150,000
up €150,000 (+300.0%), from €50,000 to €200,000
- Debts after one year +€69,427
up €69,427 (+8.6%), from €806,583 to €876,010
- Short-term financial debts +€65,365
up €65,365 (+100.9%), from €64,795 to €130,160
- Profit (loss) carried forward -€53,018
down €53,018 (-36.0%), from €147,291 to €94,272
- Current portion of long-term debt +€36,727
up €36,727 (+26.7%), from €137,521 to €174,248
Income statement
- Gross operating margin +€256,548
up €256,548 (+22.3%), from €1.1m to €1.4m
- Staff costs +€197,037
up €197,037 (+27.9%), from €706,603 to €903,640
- Depreciation +€31,809
up €31,809 (+20.0%), from €159,153 to €190,962
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.
Result 2024
€164,902
Gross operating margin
+€256,548
Staff costs
-€197,037
Depreciation
-€31,809
Other operating charges
+€3,677
Other operating items
-€50,000
Financial income
+€1,575
Financial charges
-€11,044
Taxes
+€10,169
Result 2025
€146,982
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.
From operations
+€474,968
Investment
-€315,072
Financing
-€38,899
Cash 2024
€42,390
From operations (derived)
+€474,968
Net result for the year
+€146,982
Depreciation
+€190,962
Stocks and contracts
-€13,834
Receivables within one year
+€11,786
Deferred charges and accrued income
+€8,395
Trade debts
-€4,086
Tax, wage and social debts
-€12,267
Other debts
+€150,000
Accrued charges and deferred income
-€2,970
Investment (derived)
-€315,072
Investment in fixed assets (net)
-€315,072
Financing
-€38,899
Debts after one year
+€69,427
Current portion of long-term debt
+€36,727
Short-term financial debts
+€65,365
Contributions, distributions and other
-€210,418
Cash 2025
€163,387
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,647,271 | €1,886,031 | +€238,760 | +14.5% |
| Fixed assets | 21/28 | €1,276,183 | €1,400,293 | +€124,110 | +9.7% |
| Intangible fixed assets | 21 | €21,738 | €9,311 | -€12,427 | -57.2% |
| Tangible fixed assets | 22/27 | €1,243,244 | €1,379,782 | +€136,537 | +11.0% |
| Land and buildings | 22 | €658,585 | €644,799 | -€13,787 | -2.1% |
| Plant, machinery and equipment | 23 | €26,139 | €20,211 | -€5,927 | -22.7% |
| Furniture and vehicles | 24 | €9,677 | €7,209 | -€2,467 | -25.5% |
| Leasing and similar rights | 25 | €92,118 | €288,441 | +€196,323 | +213.1% |
| Other tangible fixed assets | 26 | €456,726 | €419,122 | -€37,605 | -8.2% |
| Financial fixed assets | 28 | €11,200 | €11,200 | = | 0.0% |
| Current assets | 29/58 | €371,088 | €485,738 | +€114,650 | +30.9% |
| Stocks and contracts in progress | 3 | €48,436 | €62,270 | +€13,834 | +28.6% |
| Stocks | 30/36 | €48,436 | €62,270 | +€13,834 | +28.6% |
| Amounts receivable within one year | 40/41 | €215,875 | €204,088 | -€11,786 | -5.5% |
| Trade receivables | 40 | €73,158 | €19,848 | -€53,310 | -72.9% |
| Other amounts receivable | 41 | €142,716 | €184,240 | +€41,524 | +29.1% |
| Cash at bank and in hand | 54/58 | €42,390 | €163,387 | +€120,997 | +285.4% |
| Deferred charges and accrued income | 490/1 | €64,387 | €55,992 | -€8,395 | -13.0% |
| Total equity and liabilities | 10/49 | €1,647,271 | €1,886,031 | +€238,760 | +14.5% |
| Equity | 10/15 | €263,175 | €199,738 | -€63,437 | -24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,291 | €94,272 | -€53,018 | -36.0% |
| Investment grants | 15 | €95,424 | €85,006 | -€10,418 | -10.9% |
| Amounts payable | 17/49 | €1,384,096 | €1,686,292 | +€302,196 | +21.8% |
| Amounts payable after more than one year | 17 | €806,583 | €876,010 | +€69,427 | +8.6% |
| Financial debts | 170/4 | €806,583 | €876,010 | +€69,427 | +8.6% |
| Amounts payable within one year | 42/48 | €567,964 | €803,704 | +€235,740 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €137,521 | €174,248 | +€36,727 | +26.7% |
| Financial debts | 43 | €64,795 | €130,160 | +€65,365 | +100.9% |
| Credit institutions | 430/8 | €64,795 | €130,160 | +€65,365 | +100.9% |
| Trade debts | 44 | €176,235 | €172,149 | -€4,086 | -2.3% |
| Suppliers | 440/4 | €176,235 | €172,149 | -€4,086 | -2.3% |
| Taxes, remuneration and social security | 45 | €139,414 | €127,147 | -€12,267 | -8.8% |
| Taxes | 450/3 | €75,539 | €48,485 | -€27,054 | -35.8% |
| Remuneration and social security | 454/9 | €63,875 | €78,662 | +€14,787 | +23.2% |
| Other amounts payable | 47/48 | €50,000 | €200,000 | +€150,000 | +300.0% |
| Accrued charges and deferred income | 492/3 | €9,549 | €6,579 | -€2,970 | -31.1% |
| Remuneration, social security and pensions | 62 | €706,603 | €903,640 | +€197,037 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,153 | €190,962 | +€31,809 | +20.0% |
| Other operating charges | 640/8 | €12,163 | €8,487 | -€3,677 | -30.2% |
| Non-recurring operating charges | 66A | - | €50,000 | +€50,000 | |
| Gross operating margin | 9900 | €1,148,147 | €1,404,695 | +€256,548 | +22.3% |
| Operating profit (loss) | 9901 | €270,227 | €251,606 | -€18,621 | -6.9% |
| Financial income | 75/76B | €14,484 | €16,059 | +€1,575 | +10.9% |
| Recurring financial income | 75 | €14,484 | €16,059 | +€1,575 | +10.9% |
| Financial charges | 65/66B | €62,529 | €73,572 | +€11,044 | +17.7% |
| Recurring financial charges | 65 | €62,529 | €73,572 | +€11,044 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €222,182 | €194,093 | -€28,089 | -12.6% |
| Income taxes | 67/77 | €57,280 | €47,111 | -€10,169 | -17.8% |
| Profit (loss) for the period | 9904 | €164,902 | €146,982 | -€17,920 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €164,902 | €146,982 | -€17,920 | -10.9% |
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 3 October 2026 via checked.be.