MONO: 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.
MONO
Largest movements
- Cash -€536,274
down €536,274 (-65.0%), from €824,776 to €288,502
mainly Contributions, distributions and other (-€1.1m) and Receivables within one year (-€28,913)
- Receivables within one year +€28,913
up €28,913 (+39.9%), from €72,544 to €101,457
of which Trade receivables: +€39,222
- Tangible fixed assets -€27,865
down €27,865 (-45.3%), from €61,552 to €33,687
of which Furniture and vehicles: -€22,213
- Reserves -€528,073
down €528,073 (-56.1%), from €941,708 to €413,635
of which Distributable reserves: -€528,073
- Gross operating margin +€118,127
up €118,127 (+18.5%), from €637,168 to €755,295
- Taxes +€25,937
up €25,937 (+17.5%), from €147,792 to €173,729
- Staff costs -€18,484
down €18,484 (-89.0%), from €20,778 to €2,294
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 | €959,202 | €425,518 | -€533,684 | -55.6% |
| Fixed assets | 21/28 | €61,552 | €33,687 | -€27,865 | -45.3% |
| Tangible fixed assets | 22/27 | €61,552 | €33,687 | -€27,865 | -45.3% |
| Plant, machinery and equipment | 23 | €11,205 | €5,552 | -€5,652 | -50.4% |
| Furniture and vehicles | 24 | €50,347 | €28,135 | -€22,213 | -44.1% |
| Current assets | 29/58 | €897,651 | €391,831 | -€505,819 | -56.3% |
| Amounts receivable within one year | 40/41 | €72,544 | €101,457 | +€28,913 | +39.9% |
| Trade receivables | 40 | €45,334 | €84,556 | +€39,222 | +86.5% |
| Other amounts receivable | 41 | €27,210 | €16,901 | -€10,309 | -37.9% |
| Cash at bank and in hand | 54/58 | €824,776 | €288,502 | -€536,274 | -65.0% |
| Deferred charges and accrued income | 490/1 | €330 | €1,872 | +€1,542 | +467% |
| Total equity and liabilities | 10/49 | €959,202 | €425,518 | -€533,684 | -55.6% |
| Equity | 10/15 | €947,908 | €419,835 | -€528,073 | -55.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €941,708 | €413,635 | -€528,073 | -56.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €939,848 | €411,775 | -€528,073 | -56.2% |
| Amounts payable | 17/49 | €11,295 | €5,683 | -€5,611 | -49.7% |
| Amounts payable within one year | 42/48 | €11,295 | €5,683 | -€5,611 | -49.7% |
| Trade debts | 44 | €6,897 | €4,597 | -€2,300 | -33.3% |
| Suppliers | 440/4 | €6,897 | €4,597 | -€2,300 | -33.3% |
| Taxes, remuneration and social security | 45 | €460 | €1,087 | +€627 | +136% |
| Taxes | 450/3 | €460 | €1,087 | +€627 | +136% |
| Other amounts payable | 47/48 | €3,938 | - | -€3,938 | |
| Remuneration, social security and pensions | 62 | €20,778 | €2,294 | -€18,484 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,176 | €27,865 | -€1,311 | -4.5% |
| Other operating charges | 640/8 | €1,637 | €2,277 | +€640 | +39.1% |
| Gross operating margin | 9900 | €637,168 | €755,295 | +€118,127 | +18.5% |
| Operating profit (loss) | 9901 | €585,577 | €722,858 | +€137,282 | +23.4% |
| Financial income | 75/76B | €321 | €1,882 | +€1,560 | +485% |
| Recurring financial income | 75 | €321 | €1,882 | +€1,560 | +485% |
| Financial charges | 65/66B | €2,228 | €2,613 | +€385 | +17.3% |
| Recurring financial charges | 65 | €2,228 | €2,613 | +€385 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €583,670 | €722,127 | +€138,457 | +23.7% |
| Income taxes | 67/77 | €147,792 | €173,729 | +€25,937 | +17.5% |
| Profit (loss) for the period | 9904 | €435,878 | €548,398 | +€112,519 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €435,878 | €548,398 | +€112,519 | +25.8% |
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 20 October 2026 via checked.be.