Monnier Mba: 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.
Monnier Mba
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+27.0%), from €5.0m to €6.4m
- Receivables within one year +€106,966
new in 2025: €106,966
of which Trade receivables: +€105,000
- Reserves +€1.6m
up €1.6m (+555%), from €287,310 to €1.9m
of which Distributable reserves: +€1.6m
- Debts after one year -€300,754
down €300,754 (-7.4%), from €4.1m to €3.8m
- Contributions +€196,245
up €196,245 (+556%), from €35,310 to €231,554
- Depreciation +€193,637
up €193,637 (+66.0%), from €293,594 to €487,232
- Gross operating margin +€104,190
up €104,190 (+18.4%), from €564,888 to €669,078
- Financial charges -€64,514
down €64,514 (-29.1%), from €221,807 to €157,292
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 | €5,055,979 | €6,497,790 | +€1.4m | +28.5% |
| Fixed assets | 21/28 | €5,001,597 | €6,352,463 | +€1.4m | +27.0% |
| Tangible fixed assets | 22/27 | €5,001,597 | €6,352,463 | +€1.4m | +27.0% |
| Land and buildings | 22 | €5,001,597 | €6,352,463 | +€1.4m | +27.0% |
| Current assets | 29/58 | €54,381 | €145,327 | +€90,946 | +167% |
| Amounts receivable within one year | 40/41 | - | €106,966 | +€106,966 | |
| Trade receivables | 40 | - | €105,000 | +€105,000 | |
| Other amounts receivable | 41 | - | €1,966 | +€1,966 | |
| Cash at bank and in hand | 54/58 | €54,381 | €38,361 | -€16,020 | -29.5% |
| Total equity and liabilities | 10/49 | €5,055,979 | €6,497,790 | +€1.4m | +28.5% |
| Equity | 10/15 | €322,620 | €2,113,282 | +€1.8m | +555% |
| Contributions | 10/11 | €35,310 | €231,554 | +€196,245 | +556% |
| Reserves | 13 | €287,310 | €1,881,727 | +€1.6m | +555% |
| Non-distributable reserves | 130/1 | €3,531 | €23,155 | +€19,624 | +556% |
| Reserves not available under the articles | 1311 | €3,531 | €23,155 | +€19,624 | +556% |
| Distributable reserves | 133 | €283,779 | €1,858,572 | +€1.6m | +555% |
| Amounts payable | 17/49 | €4,733,359 | €4,384,508 | -€348,850 | -7.4% |
| Amounts payable after more than one year | 17 | €4,078,419 | €3,777,665 | -€300,754 | -7.4% |
| Financial debts | 170/4 | €4,078,419 | €3,777,665 | -€300,754 | -7.4% |
| Amounts payable within one year | 42/48 | €648,820 | €600,724 | -€48,096 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €298,013 | €300,754 | +€2,741 | +0.9% |
| Other amounts payable | 47/48 | €350,807 | €299,970 | -€50,837 | -14.5% |
| Accrued charges and deferred income | 492/3 | €6,119 | €6,119 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293,594 | €487,232 | +€193,637 | +66.0% |
| Other operating charges | 640/8 | €70,230 | €71,989 | +€1,759 | +2.5% |
| Gross operating margin | 9900 | €564,888 | €669,078 | +€104,190 | +18.4% |
| Operating profit (loss) | 9901 | €201,064 | €109,857 | -€91,207 | -45.4% |
| Financial charges | 65/66B | €221,807 | €157,292 | -€64,514 | -29.1% |
| Recurring financial charges | 65 | €221,807 | €157,292 | -€64,514 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,742 | -€47,435 | -€26,692 | -129% |
| Profit (loss) for the period | 9904 | -€20,742 | -€47,435 | -€26,692 | -129% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,742 | -€47,435 | -€26,692 | -129% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.