MONMEND: 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.
MONMEND
Largest movements
- Tangible fixed assets -€4,963
down €4,963 (-19.2%), from €25,830 to €20,867
of which Plant, machinery and equipment: -€6,820
- Cash +€1,396
up €1,396 (+17.3%), from €8,093 to €9,489
mainly Tax, wage and social debts (+€12,038) and Depreciation (+€9,713)
- Receivables within one year -€706
down €706 (-5.6%), from €12,705 to €11,999
of which Trade receivables: -€626
- Tax, wage and social debts +€12,038
up €12,038 (+86.1%), from €13,976 to €26,014
of which Remuneration and social security: +€10,154
- Profit (loss) carried forward -€10,692
down €10,692 (-65.8%), from -€16,260 to -€26,952
- Current portion of long-term debt -€4,620
no longer reported in 2025 (was €4,620)
- Trade debts -€2,112
down €2,112 (-9.5%), from €22,166 to €20,054
- Other debts +€1,342
up €1,342 (+67.9%), from €1,978 to €3,319
- Staff costs +€23,852
up €23,852 (+22.8%), from €104,686 to €128,538
- Gross operating margin +€22,971
up €22,971 (+20.5%), from €112,211 to €135,182
- Other operating charges +€3,708
new in 2025: €3,708
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 | €48,716 | €44,672 | -€4,044 | -8.3% |
| Fixed assets | 21/28 | €27,344 | €22,381 | -€4,963 | -18.2% |
| Tangible fixed assets | 22/27 | €25,830 | €20,867 | -€4,963 | -19.2% |
| Land and buildings | 22 | €2,784 | €2,115 | -€669 | -24.0% |
| Plant, machinery and equipment | 23 | €21,801 | €14,981 | -€6,820 | -31.3% |
| Furniture and vehicles | 24 | €1,244 | €3,771 | +€2,526 | +203.0% |
| Financial fixed assets | 28 | €1,514 | €1,514 | = | 0.0% |
| Current assets | 29/58 | €21,373 | €22,292 | +€919 | +4.3% |
| Amounts receivable within one year | 40/41 | €12,705 | €11,999 | -€706 | -5.6% |
| Trade receivables | 40 | €12,505 | €11,879 | -€626 | -5.0% |
| Other amounts receivable | 41 | €200 | €120 | -€80 | -40.0% |
| Cash at bank and in hand | 54/58 | €8,093 | €9,489 | +€1,396 | +17.3% |
| Deferred charges and accrued income | 490/1 | €575 | €804 | +€229 | +39.8% |
| Total equity and liabilities | 10/49 | €48,716 | €44,672 | -€4,044 | -8.3% |
| Equity | 10/15 | -€15,010 | -€25,702 | -€10,692 | -71.2% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,260 | -€26,952 | -€10,692 | -65.8% |
| Amounts payable | 17/49 | €63,727 | €70,374 | +€6,648 | +10.4% |
| Amounts payable after more than one year | 17 | €20,987 | €20,987 | = | 0.0% |
| Financial debts | 170/4 | €20,987 | €20,987 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,739 | €49,387 | +€6,648 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €4,620 | - | -€4,620 | |
| Trade debts | 44 | €22,166 | €20,054 | -€2,112 | -9.5% |
| Suppliers | 440/4 | €22,166 | €20,054 | -€2,112 | -9.5% |
| Taxes, remuneration and social security | 45 | €13,976 | €26,014 | +€12,038 | +86.1% |
| Taxes | 450/3 | €5,383 | €7,267 | +€1,885 | +35.0% |
| Remuneration and social security | 454/9 | €8,593 | €18,747 | +€10,154 | +118.2% |
| Other amounts payable | 47/48 | €1,978 | €3,319 | +€1,342 | +67.9% |
| Remuneration, social security and pensions | 62 | €104,686 | €128,538 | +€23,852 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,655 | €9,713 | +€1,058 | +12.2% |
| Other operating charges | 640/8 | - | €3,708 | +€3,708 | |
| Gross operating margin | 9900 | €112,211 | €135,182 | +€22,971 | +20.5% |
| Operating profit (loss) | 9901 | -€1,129 | -€6,777 | -€5,647 | -500.1% |
| Financial income | 75/76B | €473 | €191 | -€282 | -59.6% |
| Recurring financial income | 75 | €473 | €191 | -€282 | -59.6% |
| Financial charges | 65/66B | €2,854 | €4,106 | +€1,252 | +43.9% |
| Recurring financial charges | 65 | €2,854 | €4,106 | +€1,252 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,511 | -€10,692 | -€7,181 | -204.6% |
| Profit (loss) for the period | 9904 | -€3,511 | -€10,692 | -€7,181 | -204.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,511 | -€10,692 | -€7,181 | -204.6% |
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 29 September 2026 via checked.be.