MONITR: 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.
MONITR
Largest movements
- Cash +€24,744
up €24,744 (+51.9%), from €47,714 to €72,458
mainly Contributions, distributions and other (+€282,205) and Tax, wage and social debts (+€5,101)
- Receivables within one year -€3,320
down €3,320 (-17.4%), from €19,060 to €15,740
of which Other amounts receivable: -€6,232
- Tangible fixed assets +€2,964
up €2,964 (+69.5%), from €4,262 to €7,225
of which Plant, machinery and equipment: +€2,874
- Deferred charges and accrued income -€1,491
down €1,491 (-100.0%), from €1,491 to €0
- Contributions +€282,205
up €282,205 (+40.0%), from €704,842 to €987,047
of which Outside capital: +€259,582
- Debts after one year -€247,156
down €247,156 (-85.2%), from €290,000 to €42,844
- Accrued charges and deferred income -€10,661
down €10,661 (-19.5%), from €54,592 to €43,931
- Profit (loss) carried forward -€7,651
down €7,651 (-0.8%), from -€1.0m to -€1.0m
- Tax, wage and social debts +€5,101
up €5,101 (+42.5%), from €12,004 to €17,105
of which Taxes: +€4,723
- Gross operating margin +€62,279
up €62,279 (+426.0%), from €14,619 to €76,897
- Financial charges -€11,178
down €11,178 (-48.3%), from €23,162 to €11,984
- Write-downs -€8,544
down €8,544 (-40.5%), from €21,120 to €12,576
- Staff costs -€2,299
down €2,299 (-3.9%), from €58,961 to €56,662
- Depreciation -€1,482
down €1,482 (-43.2%), from €3,434 to €1,951
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 | €79,198 | €102,095 | +€22,896 | +28.9% |
| Fixed assets | 21/28 | €10,933 | €13,897 | +€2,964 | +27.1% |
| Tangible fixed assets | 22/27 | €4,262 | €7,225 | +€2,964 | +69.5% |
| Plant, machinery and equipment | 23 | - | €2,874 | +€2,874 | |
| Furniture and vehicles | 24 | €4,262 | €4,351 | +€89 | +2.1% |
| Financial fixed assets | 28 | €6,671 | €6,671 | = | 0.0% |
| Current assets | 29/58 | €68,265 | €88,198 | +€19,933 | +29.2% |
| Amounts receivable within one year | 40/41 | €19,060 | €15,740 | -€3,320 | -17.4% |
| Trade receivables | 40 | €10,625 | €13,537 | +€2,911 | +27.4% |
| Other amounts receivable | 41 | €8,435 | €2,203 | -€6,232 | -73.9% |
| Cash at bank and in hand | 54/58 | €47,714 | €72,458 | +€24,744 | +51.9% |
| Deferred charges and accrued income | 490/1 | €1,491 | €0 | -€1,491 | -100.0% |
| Total equity and liabilities | 10/49 | €79,198 | €102,095 | +€22,896 | +28.9% |
| Equity | 10/15 | -€296,537 | -€21,983 | +€274,554 | +92.6% |
| Contributions | 10/11 | €704,842 | €987,047 | +€282,205 | +40.0% |
| Capital | 10 | €249,734 | €272,357 | +€22,623 | +9.1% |
| Issued capital | 100 | €249,734 | €272,357 | +€22,623 | +9.1% |
| Outside capital | 11 | €455,108 | €714,690 | +€259,582 | +57.0% |
| Share premium | 1100/10 | €455,108 | €714,690 | +€259,582 | +57.0% |
| Profit (loss) carried forward | 14 | -€1,001,379 | -€1,009,030 | -€7,651 | -0.8% |
| Amounts payable | 17/49 | €375,735 | €124,078 | -€251,657 | -67.0% |
| Amounts payable after more than one year | 17 | €290,000 | €42,844 | -€247,156 | -85.2% |
| Financial debts | 170/4 | €290,000 | €42,844 | -€247,156 | -85.2% |
| Amounts payable within one year | 42/48 | €31,143 | €37,303 | +€6,160 | +19.8% |
| Financial debts | 43 | €872 | €1,988 | +€1,116 | +128.1% |
| Credit institutions | 430/8 | €872 | €1,988 | +€1,116 | +128.1% |
| Trade debts | 44 | €18,024 | €17,966 | -€58 | -0.3% |
| Suppliers | 440/4 | €18,024 | €17,966 | -€58 | -0.3% |
| Taxes, remuneration and social security | 45 | €12,004 | €17,105 | +€5,101 | +42.5% |
| Taxes | 450/3 | €1,458 | €6,181 | +€4,723 | +324.0% |
| Remuneration and social security | 454/9 | €10,546 | €10,924 | +€378 | +3.6% |
| Other amounts payable | 47/48 | €244 | €244 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €54,592 | €43,931 | -€10,661 | -19.5% |
| Remuneration, social security and pensions | 62 | €58,961 | €56,662 | -€2,299 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,434 | €1,951 | -€1,482 | -43.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,120 | €12,576 | -€8,544 | -40.5% |
| Other operating charges | 640/8 | €2,309 | €1,455 | -€854 | -37.0% |
| Gross operating margin | 9900 | €14,619 | €76,897 | +€62,279 | +426.0% |
| Operating profit (loss) | 9901 | -€71,205 | €4,253 | +€75,459 | |
| Financial income | 75/76B | €53 | €0 | -€53 | -99.7% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -99.7% |
| Financial charges | 65/66B | €23,162 | €11,984 | -€11,178 | -48.3% |
| Recurring financial charges | 65 | €23,162 | €11,984 | -€11,178 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | -€94,314 | -€7,731 | +€86,584 | +91.8% |
| Income taxes | 67/77 | €80 | -€80 | -€159 | |
| Profit (loss) for the period | 9904 | -€94,394 | -€7,651 | +€86,743 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,394 | -€7,651 | +€86,743 | +91.9% |
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 4 October 2026 via checked.be.