MONIAGA HANS: 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.
MONIAGA HANS
Largest movements
- Tangible fixed assets -€37,184
down €37,184 (-14.1%), from €264,355 to €227,172
of which Furniture and vehicles: -€26,300
- Receivables after one year -€21,377
down €21,377 (-5.1%), from €421,419 to €400,042
- Trade debts -€42,899
down €42,899 (-74.5%), from €57,572 to €14,673
- Reserves +€27,824
up €27,824 (+5.2%), from €534,583 to €562,408
of which Distributable reserves: +€27,824
- Current portion of long-term debt -€20,158
down €20,158 (-88.6%), from €22,747 to €2,589
- Tax, wage and social debts -€10,877
down €10,877 (-22.3%), from €48,674 to €37,797
- Short-term financial debts -€8,693
no longer reported in 2025 (was €8,693)
- Gross operating margin -€61,000
down €61,000 (-45.2%), from €134,871 to €73,871
- Financial charges -€21,838
down €21,838 (-92.4%), from €23,623 to €1,785
of which Non-recurring financial charges: -€20,374
- Depreciation +€3,162
up €3,162 (+9.3%), from €34,022 to €37,184
- Taxes -€2,721
down €2,721 (-11.0%), from €24,759 to €22,038
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 | €687,658 | €629,867 | -€57,791 | -8.4% |
| Fixed assets | 21/28 | €264,355 | €227,172 | -€37,184 | -14.1% |
| Tangible fixed assets | 22/27 | €264,355 | €227,172 | -€37,184 | -14.1% |
| Land and buildings | 22 | €116,961 | €111,379 | -€5,582 | -4.8% |
| Furniture and vehicles | 24 | €108,361 | €82,061 | -€26,300 | -24.3% |
| Other tangible fixed assets | 26 | €39,034 | €33,731 | -€5,302 | -13.6% |
| Current assets | 29/58 | €423,303 | €402,695 | -€20,607 | -4.9% |
| Amounts receivable after more than one year | 29 | €421,419 | €400,042 | -€21,377 | -5.1% |
| Other amounts receivable | 291 | €421,419 | €400,042 | -€21,377 | -5.1% |
| Cash at bank and in hand | 54/58 | €0 | €23 | +€23 | +46,100% |
| Deferred charges and accrued income | 490/1 | €1,884 | €2,631 | +€747 | +39.7% |
| Total equity and liabilities | 10/49 | €687,658 | €629,867 | -€57,791 | -8.4% |
| Equity | 10/15 | €546,983 | €574,808 | +€27,824 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €534,583 | €562,408 | +€27,824 | +5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €532,723 | €560,548 | +€27,824 | +5.2% |
| Amounts payable | 17/49 | €140,675 | €55,059 | -€85,615 | -60.9% |
| Amounts payable after more than one year | 17 | €2,589 | - | -€2,589 | |
| Financial debts | 170/4 | €2,589 | - | -€2,589 | |
| Amounts payable within one year | 42/48 | €137,687 | €55,059 | -€82,627 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €22,747 | €2,589 | -€20,158 | -88.6% |
| Financial debts | 43 | €8,693 | - | -€8,693 | |
| Credit institutions | 430/8 | €8,693 | - | -€8,693 | |
| Trade debts | 44 | €57,572 | €14,673 | -€42,899 | -74.5% |
| Suppliers | 440/4 | €57,572 | €14,673 | -€42,899 | -74.5% |
| Taxes, remuneration and social security | 45 | €48,674 | €37,797 | -€10,877 | -22.3% |
| Taxes | 450/3 | €48,674 | €37,797 | -€10,877 | -22.3% |
| Accrued charges and deferred income | 492/3 | €399 | - | -€399 | |
| Non-recurring operating income | 76A | €73,406 | - | -€73,406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,022 | €37,184 | +€3,162 | +9.3% |
| Other operating charges | 640/8 | €2,232 | €3,461 | +€1,229 | +55.1% |
| Gross operating margin | 9900 | €134,871 | €73,871 | -€61,000 | -45.2% |
| Operating profit (loss) | 9901 | €98,617 | €33,226 | -€65,391 | -66.3% |
| Financial income | 75/76B | €18,259 | €18,422 | +€163 | +0.9% |
| Recurring financial income | 75 | €18,259 | €18,422 | +€163 | +0.9% |
| Financial charges | 65/66B | €23,623 | €1,785 | -€21,838 | -92.4% |
| Recurring financial charges | 65 | €3,248 | €1,785 | -€1,463 | -45.0% |
| Non-recurring financial charges | 66B | €20,374 | - | -€20,374 | |
| Profit (loss) for the period before taxes | 9903 | €93,253 | €49,863 | -€43,390 | -46.5% |
| Income taxes | 67/77 | €24,759 | €22,038 | -€2,721 | -11.0% |
| Profit (loss) for the period | 9904 | €68,494 | €27,824 | -€40,670 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,494 | €27,824 | -€40,670 | -59.4% |
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 16 October 2026 via checked.be.