MONNIE: 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.
MONNIE
Largest movements
- Receivables within one year +€30,455
up €30,455 (+78.2%), from €38,930 to €69,385
of which Other amounts receivable: +€30,664
- Cash -€12,594
down €12,594 (-56.6%), from €22,269 to €9,675
mainly Contributions, distributions and other (-€37,000) and Receivables within one year (-€30,455)
- Reserves +€63,233
up €63,233 (+25.5%), from €248,352 to €311,585
- Current portion of long-term debt -€27,905
down €27,905 (-60.4%), from €46,200 to €18,295
- Debts after one year -€18,925
down €18,925 (-37.9%), from €49,926 to €31,001
- Short-term financial debts -€9,280
down €9,280 (-44.2%), from €21,000 to €11,720
- Tax, wage and social debts +€8,250
up €8,250 (+1953.8%), from €422 to €8,672
- Gross operating margin +€24,956
up €24,956 (+24.4%), from €102,375 to €127,330
- Taxes +€5,933
up €5,933 (+32.6%), from €18,200 to €24,133
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 | €400,936 | €417,946 | +€17,010 | +4.2% |
| Fixed assets | 21/28 | €339,737 | €338,886 | -€851 | -0.3% |
| Tangible fixed assets | 22/27 | €3,727 | €2,876 | -€851 | -22.8% |
| Furniture and vehicles | 24 | €3,727 | €2,876 | -€851 | -22.8% |
| Financial fixed assets | 28 | €336,010 | €336,010 | = | 0.0% |
| Current assets | 29/58 | €61,199 | €79,060 | +€17,861 | +29.2% |
| Amounts receivable within one year | 40/41 | €38,930 | €69,385 | +€30,455 | +78.2% |
| Trade receivables | 40 | €430 | €221 | -€209 | -48.7% |
| Other amounts receivable | 41 | €38,500 | €69,164 | +€30,664 | +79.6% |
| Cash at bank and in hand | 54/58 | €22,269 | €9,675 | -€12,594 | -56.6% |
| Total equity and liabilities | 10/49 | €400,936 | €417,946 | +€17,010 | +4.2% |
| Equity | 10/15 | €266,952 | €330,185 | +€63,233 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248,352 | €311,585 | +€63,233 | +25.5% |
| Distributable reserves | 133 | €248,352 | €311,585 | +€63,233 | +25.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €133,984 | €87,761 | -€46,223 | -34.5% |
| Amounts payable after more than one year | 17 | €49,926 | €31,001 | -€18,925 | -37.9% |
| Financial debts | 170/4 | €49,926 | €31,001 | -€18,925 | -37.9% |
| Amounts payable within one year | 42/48 | €84,057 | €56,760 | -€27,298 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €46,200 | €18,295 | -€27,905 | -60.4% |
| Financial debts | 43 | €21,000 | €11,720 | -€9,280 | -44.2% |
| Credit institutions | 430/8 | €21,000 | €11,720 | -€9,280 | -44.2% |
| Trade debts | 44 | €188 | €0 | -€188 | -100.0% |
| Suppliers | 440/4 | €188 | €0 | -€188 | -100.0% |
| Taxes, remuneration and social security | 45 | €422 | €8,672 | +€8,250 | +1953.8% |
| Taxes | 450/3 | €422 | €8,672 | +€8,250 | +1953.8% |
| Other amounts payable | 47/48 | €16,247 | €18,072 | +€1,825 | +11.2% |
| Non-recurring operating income | 76A | - | €4,225 | +€4,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €527 | €851 | +€323 | +61.3% |
| Other operating charges | 640/8 | €449 | €462 | +€13 | +2.9% |
| Gross operating margin | 9900 | €102,375 | €127,330 | +€24,956 | +24.4% |
| Operating profit (loss) | 9901 | €101,398 | €126,017 | +€24,619 | +24.3% |
| Financial charges | 65/66B | €2,691 | €1,652 | -€1,039 | -38.6% |
| Recurring financial charges | 65 | €2,691 | €1,652 | -€1,039 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €98,707 | €124,365 | +€25,658 | +26.0% |
| Income taxes | 67/77 | €18,200 | €24,133 | +€5,933 | +32.6% |
| Profit (loss) for the period | 9904 | €80,507 | €100,233 | +€19,725 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,507 | €100,233 | +€19,725 | +24.5% |
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 5 October 2026 via checked.be.