Monika Burcon: what changed
Monika Burcon
Largest movements
- Tangible fixed assets +€204,395
up €204,395 (+261%), from €78,448 to €282,843
of which Other tangible fixed assets: +€198,004
- Receivables within one year -€85,587
down €85,587 (-95.1%), from €90,000 to €4,413
- Cash -€26,204
down €26,204 (-38.3%), from €68,379 to €42,175
mainly Investment in fixed assets (net) (-€225,956) and Contributions, distributions and other (-€25,000)
- Deferred charges and accrued income -€17,581
down €17,581 (-94.7%), from €18,567 to €986
- Stocks and contracts +€4,124
new in 2025: €4,124
- Other debts +€45,265
up €45,265 (+310%), from €14,589 to €59,854
- Reserves +€18,182
up €18,182 (+200%), from €9,091 to €27,273
- Debts after one year -€18,000
down €18,000 (-20.0%), from €90,000 to €72,000
- Profit (loss) carried forward +€17,199
up €17,199 (+15.4%), from €111,906 to €129,105
- Current portion of long-term debt +€9,000
new in 2025: €9,000
- Purchases and services +€137,942
up €137,942 (+282%), from €48,897 to €186,839
- Staff costs +€57,017
new in 2025: €57,017
- Gross operating margin -€25,692
down €25,692 (-13.8%), from €186,734 to €161,042
- Taxes -€23,786
down €23,786 (-57.1%), from €41,641 to €17,855
- Depreciation +€18,216
up €18,216 (+545%), from €3,345 to €21,561
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,394 | €334,542 | +€79,148 | +31.0% |
| Fixed assets | 21/28 | €78,448 | €282,843 | +€204,395 | +261% |
| Tangible fixed assets | 22/27 | €78,448 | €282,843 | +€204,395 | +261% |
| Plant, machinery and equipment | 23 | - | €421 | +€421 | |
| Furniture and vehicles | 24 | €2,328 | €8,298 | +€5,970 | +256% |
| Other tangible fixed assets | 26 | €76,120 | €274,124 | +€198,004 | +260% |
| Current assets | 29/58 | €176,946 | €51,699 | -€125,247 | -70.8% |
| Stocks and contracts in progress | 3 | - | €4,124 | +€4,124 | |
| Stocks | 30/36 | - | €4,124 | +€4,124 | |
| Amounts receivable within one year | 40/41 | €90,000 | €4,413 | -€85,587 | -95.1% |
| Trade receivables | 40 | €90,000 | €4,413 | -€85,587 | -95.1% |
| Cash at bank and in hand | 54/58 | €68,379 | €42,175 | -€26,204 | -38.3% |
| Deferred charges and accrued income | 490/1 | €18,567 | €986 | -€17,581 | -94.7% |
| Total equity and liabilities | 10/49 | €255,394 | €334,542 | +€79,148 | +31.0% |
| Equity | 10/15 | €133,497 | €168,878 | +€35,380 | +26.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €9,091 | €27,273 | +€18,182 | +200% |
| Distributable reserves | 133 | €9,091 | €27,273 | +€18,182 | +200% |
| Profit (loss) carried forward | 14 | €111,906 | €129,105 | +€17,199 | +15.4% |
| Amounts payable | 17/49 | €121,897 | €165,665 | +€43,768 | +35.9% |
| Amounts payable after more than one year | 17 | €90,000 | €72,000 | -€18,000 | -20.0% |
| Financial debts | 170/4 | €90,000 | €72,000 | -€18,000 | -20.0% |
| Amounts payable within one year | 42/48 | €31,897 | €93,665 | +€61,768 | +194% |
| Current portion of amounts payable after more than one year | 42 | - | €9,000 | +€9,000 | |
| Trade debts | 44 | €309 | €2,139 | +€1,830 | +592% |
| Suppliers | 440/4 | €309 | €2,139 | +€1,830 | +592% |
| Taxes, remuneration and social security | 45 | €16,999 | €22,671 | +€5,673 | +33.4% |
| Taxes | 450/3 | €16,999 | €17,854 | +€855 | +5.0% |
| Remuneration and social security | 454/9 | - | €4,817 | +€4,817 | |
| Other amounts payable | 47/48 | €14,589 | €59,854 | +€45,265 | +310% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,897 | €186,839 | +€137,942 | +282% |
| Remuneration, social security and pensions | 62 | - | €57,017 | +€57,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,345 | €21,561 | +€18,216 | +545% |
| Other operating charges | 640/8 | €30 | €559 | +€529 | +1,763% |
| Gross operating margin | 9900 | €186,734 | €161,042 | -€25,692 | -13.8% |
| Operating profit (loss) | 9901 | €183,358 | €81,905 | -€101,453 | -55.3% |
| Financial charges | 65/66B | €720 | €3,669 | +€2,950 | +410% |
| Recurring financial charges | 65 | €720 | €3,669 | +€2,950 | +410% |
| Profit (loss) for the period before taxes | 9903 | €182,639 | €78,236 | -€104,403 | -57.2% |
| Income taxes | 67/77 | €41,641 | €17,855 | -€23,786 | -57.1% |
| Profit (loss) for the period | 9904 | €140,997 | €60,380 | -€80,617 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €140,997 | €60,380 | -€80,617 | -57.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.