MONKERHEY: 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.
MONKERHEY
Largest movements
- Tangible fixed assets +€212,945
up €212,945 (+35.5%), from €600,442 to €813,387
of which Land and buildings: +€152,127
- Cash -€109,697
down €109,697 (-100.0%), from €109,697 to €0
mainly Trade debts (-€411,466) and Investment in fixed assets (net) (-€290,832)
- Receivables within one year -€98,751
down €98,751 (-14.9%), from €660,983 to €562,233
of which Trade receivables: -€91,041
- Stocks and contracts -€51,250
down €51,250 (-5.9%), from €874,368 to €823,118
- Trade debts -€411,466
down €411,466 (-72.4%), from €568,695 to €157,229
- Profit (loss) carried forward +€139,074
up €139,074 (+45.3%), from €307,121 to €446,195
- Other debts +€137,409
up €137,409 (+3025.7%), from €4,541 to €141,950
- Accrued charges and deferred income +€99,976
up €99,976 (+584.9%), from €17,094 to €117,070
- Gross operating margin +€114,721
up €114,721 (+49.8%), from €230,383 to €345,104
- Taxes +€21,707
up €21,707 (+64.0%), from €33,937 to €55,644
- Financial charges +€6,568
up €6,568 (+30.9%), from €21,259 to €27,827
- Other operating charges +€5,224
up €5,224 (+77.5%), from €6,739 to €11,963
- Financial income -€5,106
down €5,106 (-48.2%), from €10,598 to €5,492
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 | €2,245,491 | €2,198,739 | -€46,752 | -2.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €600,442 | €813,387 | +€212,945 | +35.5% |
| Tangible fixed assets | 22/27 | €600,442 | €813,387 | +€212,945 | +35.5% |
| Land and buildings | 22 | €503,868 | €655,995 | +€152,127 | +30.2% |
| Plant, machinery and equipment | 23 | €43,431 | €37,452 | -€5,979 | -13.8% |
| Furniture and vehicles | 24 | €53,144 | €119,941 | +€66,797 | +125.7% |
| Current assets | 29/58 | €1,645,048 | €1,385,351 | -€259,697 | -15.8% |
| Stocks and contracts in progress | 3 | €874,368 | €823,118 | -€51,250 | -5.9% |
| Stocks | 30/36 | €874,368 | €823,118 | -€51,250 | -5.9% |
| Amounts receivable within one year | 40/41 | €660,983 | €562,233 | -€98,751 | -14.9% |
| Trade receivables | 40 | €653,274 | €562,233 | -€91,041 | -13.9% |
| Other amounts receivable | 41 | €7,709 | €0 | -€7,709 | -100.0% |
| Cash at bank and in hand | 54/58 | €109,697 | €0 | -€109,697 | -100.0% |
| Total equity and liabilities | 10/49 | €2,245,491 | €2,198,739 | -€46,752 | -2.1% |
| Equity | 10/15 | €372,053 | €511,127 | +€139,074 | +37.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €44,932 | €44,932 | = | 0.0% |
| Distributable reserves | 133 | €44,932 | €44,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,121 | €446,195 | +€139,074 | +45.3% |
| Amounts payable | 17/49 | €1,873,438 | €1,687,612 | -€185,827 | -9.9% |
| Amounts payable after more than one year | 17 | €1,188,132 | €1,178,089 | -€10,044 | -0.8% |
| Financial debts | 170/4 | €1,188,132 | €1,178,089 | -€10,044 | -0.8% |
| Amounts payable within one year | 42/48 | €668,212 | €392,453 | -€275,759 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €88,316 | €89,250 | +€934 | +1.1% |
| Trade debts | 44 | €568,695 | €157,229 | -€411,466 | -72.4% |
| Suppliers | 440/4 | €568,695 | €157,229 | -€411,466 | -72.4% |
| Taxes, remuneration and social security | 45 | €6,659 | €4,023 | -€2,636 | -39.6% |
| Taxes | 450/3 | - | €700 | +€700 | |
| Remuneration and social security | 454/9 | €6,659 | €3,324 | -€3,335 | -50.1% |
| Other amounts payable | 47/48 | €4,541 | €141,950 | +€137,409 | +3025.7% |
| Accrued charges and deferred income | 492/3 | €17,094 | €117,070 | +€99,976 | +584.9% |
| Non-recurring operating income | 76A | €9,295 | €438 | -€8,857 | -95.3% |
| Remuneration, social security and pensions | 62 | €35,637 | €38,200 | +€2,564 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,140 | €77,887 | -€253 | -0.3% |
| Other operating charges | 640/8 | €6,739 | €11,963 | +€5,224 | +77.5% |
| Gross operating margin | 9900 | €230,383 | €345,104 | +€114,721 | +49.8% |
| Operating profit (loss) | 9901 | €109,867 | €217,053 | +€107,186 | +97.6% |
| Financial income | 75/76B | €10,598 | €5,492 | -€5,106 | -48.2% |
| Recurring financial income | 75 | €10,598 | €5,492 | -€5,106 | -48.2% |
| Financial charges | 65/66B | €21,259 | €27,827 | +€6,568 | +30.9% |
| Recurring financial charges | 65 | €21,259 | €27,827 | +€6,568 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €99,206 | €194,719 | +€95,512 | +96.3% |
| Income taxes | 67/77 | €33,937 | €55,644 | +€21,707 | +64.0% |
| Profit (loss) for the period | 9904 | €65,269 | €139,074 | +€73,805 | +113.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,269 | €139,074 | +€73,805 | +113.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.