MONNAERS GEERT: 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.
MONNAERS GEERT
Largest movements
- Cash +€29,056
up €29,056 (+31.1%), from €93,280 to €122,336
mainly Net result for the year (+€12,694) and Receivables within one year (+€12,019)
- Receivables within one year -€12,019
down €12,019 (-51.4%), from €23,389 to €11,370
of which Trade receivables: -€10,761
- Stocks and contracts -€6,000
down €6,000 (-70.6%), from €8,500 to €2,500
of which Contracts in progress: -€5,000
- Reserves +€12,694
up €12,694 (+17.2%), from €73,685 to €86,379
- Debts after one year -€5,004
down €5,004 (-100%), from €5,004 to €0
- Other debts +€2,819
up €2,819 (+42.3%), from €6,663 to €9,481
- Taxes +€463
up €463 (+10.0%), from €4,611 to €5,074
- Depreciation -€443
down €443 (-94.9%), from €467 to €24
- Other operating charges -€335
down €335 (-28.9%), from €1,162 to €827
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 | €127,057 | €138,102 | +€11,045 | +8.7% |
| Fixed assets | 21/28 | €388 | €364 | -€24 | -6.2% |
| Tangible fixed assets | 22/27 | €24 | €0 | -€24 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €24 | €0 | -€24 | -100% |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €126,669 | €137,739 | +€11,069 | +8.7% |
| Stocks and contracts in progress | 3 | €8,500 | €2,500 | -€6,000 | -70.6% |
| Stocks | 30/36 | €1,000 | €0 | -€1,000 | -100% |
| Contracts in progress | 37 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €23,389 | €11,370 | -€12,019 | -51.4% |
| Trade receivables | 40 | €21,931 | €11,170 | -€10,761 | -49.1% |
| Other amounts receivable | 41 | €1,458 | €200 | -€1,258 | -86.3% |
| Cash at bank and in hand | 54/58 | €93,280 | €122,336 | +€29,056 | +31.1% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,533 | +€32 | +2.1% |
| Total equity and liabilities | 10/49 | €127,057 | €138,102 | +€11,045 | +8.7% |
| Equity | 10/15 | €74,685 | €87,379 | +€12,694 | +17.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €73,685 | €86,379 | +€12,694 | +17.2% |
| Distributable reserves | 133 | €73,685 | €86,379 | +€12,694 | +17.2% |
| Provisions and deferred taxes | 16 | €32,000 | €32,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,000 | €32,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €32,000 | €32,000 | = | 0.0% |
| Amounts payable | 17/49 | €20,372 | €18,724 | -€1,648 | -8.1% |
| Amounts payable after more than one year | 17 | €5,004 | €0 | -€5,004 | -100% |
| Financial debts | 170/4 | €5,004 | €0 | -€5,004 | -100% |
| Amounts payable within one year | 42/48 | €15,368 | €18,724 | +€3,356 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €5,508 | €5,463 | -€45 | -0.8% |
| Financial debts | 43 | €24 | €16 | -€7 | -30.9% |
| Credit institutions | 430/8 | €24 | €16 | -€7 | -30.9% |
| Trade debts | 44 | €1,541 | €1,225 | -€316 | -20.5% |
| Suppliers | 440/4 | €1,541 | €1,225 | -€316 | -20.5% |
| Taxes, remuneration and social security | 45 | €1,632 | €2,537 | +€905 | +55.4% |
| Taxes | 450/3 | €1,632 | €2,537 | +€905 | +55.4% |
| Other amounts payable | 47/48 | €6,663 | €9,481 | +€2,819 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €24 | -€443 | -94.9% |
| Other operating charges | 640/8 | €1,162 | €827 | -€335 | -28.9% |
| Gross operating margin | 9900 | €18,781 | €18,898 | +€117 | +0.6% |
| Operating profit (loss) | 9901 | €17,151 | €18,047 | +€896 | +5.2% |
| Financial income | 75/76B | €32 | €12 | -€20 | -61.5% |
| Recurring financial income | 75 | €32 | €12 | -€20 | -61.5% |
| Financial charges | 65/66B | €250 | €292 | +€42 | +16.8% |
| Recurring financial charges | 65 | €250 | €292 | +€42 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €16,933 | €17,767 | +€834 | +4.9% |
| Income taxes | 67/77 | €4,611 | €5,074 | +€463 | +10.0% |
| Profit (loss) for the period | 9904 | €12,322 | €12,694 | +€372 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,322 | €12,694 | +€372 | +3.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.