MONNIKENREDE: 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.
What changed
MONNIKENREDE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,581
2024 · €149,453-€126,872
Equity
€2.2m
2024 · €2.2m+€22,581
Cash
€43,290
2024 · €21,220+€22,069
Balance sheet total
€4.9m
2024 · €5.0m-€158,695
Largest movements
Assets
- Tangible fixed assets -€193,366
down €193,366 (-3.9%), from €5.0m to €4.8m
Equity and liabilities
- Debts after one year -€167,488
down €167,488 (-7.3%), from €2.3m to €2.1m
Income statement
- Gross operating margin -€125,547
down €125,547 (-29.1%), from €431,655 to €306,108
- Depreciation -€12,824
down €12,824 (-6.4%), from €199,612 to €186,788
- Taxes -€10,092
down €10,092 (-70.6%), from €14,295 to €4,203
- Financial charges -€4,698
down €4,698 (-4.8%), from €97,772 to €93,074
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.
Result 2024
€149,453
Gross operating margin
-€125,547
Depreciation
+€12,824
Other operating charges
-€319
Financial income
+€0
Financial charges
+€4,698
Taxes
+€10,092
Deferred taxes and other
-€28,621
Result 2025
€22,581
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.
From operations
+€182,947
Investment
+€6,578
Financing
-€167,456
Cash 2024
€21,220
From operations (derived)
+€182,947
Net result for the year
+€22,581
Depreciation
+€186,788
Receivables within one year
-€12,602
Provisions
-€11,183
Trade debts
-€23,970
Tax, wage and social debts
-€3,279
Other debts
+€40,000
Accrued charges and deferred income
-€15,388
Investment (derived)
+€6,578
Investment in fixed assets (net)
+€6,578
Financing
-€167,456
Debts after one year
-€167,488
Current portion of long-term debt
+€32
Cash 2025
€43,290
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,031,446 | €4,872,751 | -€158,695 | -3.2% |
| Fixed assets | 21/28 | €5,007,678 | €4,814,312 | -€193,366 | -3.9% |
| Tangible fixed assets | 22/27 | €5,007,678 | €4,814,312 | -€193,366 | -3.9% |
| Land and buildings | 22 | €5,007,678 | €4,814,312 | -€193,366 | -3.9% |
| Current assets | 29/58 | €23,768 | €58,440 | +€34,672 | +145.9% |
| Amounts receivable within one year | 40/41 | €2,548 | €15,150 | +€12,602 | +494.7% |
| Other amounts receivable | 41 | €2,548 | €15,150 | +€12,602 | +494.7% |
| Cash at bank and in hand | 54/58 | €21,220 | €43,290 | +€22,069 | +104.0% |
| Total equity and liabilities | 10/49 | €5,031,446 | €4,872,751 | -€158,695 | -3.2% |
| Equity | 10/15 | €2,171,966 | €2,194,547 | +€22,581 | +1.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €309,841 | €309,841 | = | 0.0% |
| Reserves | 13 | €1,362,124 | €1,384,706 | +€22,581 | +1.7% |
| Non-distributable reserves | 130/1 | €36,952 | €39,758 | +€2,806 | +7.6% |
| Legal reserve | 130 | €36,952 | €39,758 | +€2,806 | +7.6% |
| Tax-exempt reserves | 132 | €837,330 | €803,782 | -€33,548 | -4.0% |
| Distributable reserves | 133 | €487,843 | €541,165 | +€53,323 | +10.9% |
| Provisions and deferred taxes | 16 | €279,110 | €267,928 | -€11,183 | -4.0% |
| Deferred taxes | 168 | €279,110 | €267,928 | -€11,183 | -4.0% |
| Amounts payable | 17/49 | €2,580,370 | €2,410,277 | -€170,093 | -6.6% |
| Amounts payable after more than one year | 17 | €2,282,065 | €2,114,577 | -€167,488 | -7.3% |
| Financial debts | 170/4 | €2,282,065 | €2,114,577 | -€167,488 | -7.3% |
| Amounts payable within one year | 42/48 | €263,747 | €276,530 | +€12,783 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €198,900 | €198,933 | +€32 | 0.0% |
| Trade debts | 44 | €41,664 | €17,694 | -€23,970 | -57.5% |
| Suppliers | 440/4 | €41,664 | €17,694 | -€23,970 | -57.5% |
| Taxes, remuneration and social security | 45 | €21,958 | €18,679 | -€3,279 | -14.9% |
| Taxes | 450/3 | €21,958 | €18,679 | -€3,279 | -14.9% |
| Other amounts payable | 47/48 | €1,225 | €41,225 | +€40,000 | +3266.3% |
| Accrued charges and deferred income | 492/3 | €34,558 | €19,170 | -€15,388 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,612 | €186,788 | -€12,824 | -6.4% |
| Other operating charges | 640/8 | €10,326 | €10,645 | +€319 | +3.1% |
| Gross operating margin | 9900 | €431,655 | €306,108 | -€125,547 | -29.1% |
| Operating profit (loss) | 9901 | €221,717 | €108,675 | -€113,042 | -51.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €97,772 | €93,074 | -€4,698 | -4.8% |
| Recurring financial charges | 65 | €97,772 | €93,074 | -€4,698 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €123,945 | €15,601 | -€108,343 | -87.4% |
| Transfer from deferred taxes | 780 | €39,804 | €11,183 | -€28,621 | -71.9% |
| Income taxes | 67/77 | €14,295 | €4,203 | -€10,092 | -70.6% |
| Profit (loss) for the period | 9904 | €149,453 | €22,581 | -€126,872 | -84.9% |
| Transfer from tax-exempt reserves | 789 | €119,411 | €33,548 | -€85,863 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €268,865 | €56,129 | -€212,736 | -79.1% |
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 12 October 2026 via checked.be.