MONO DEVELOPMENT: what changed
MONO DEVELOPMENT
Largest movements
- Stocks and contracts -€29,314
down €29,314 (-16.1%), from €182,264 to €152,950
- Receivables within one year +€28,653
up €28,653 (+31.6%), from €90,770 to €119,423
of which Other amounts receivable: +€22,597
- Cash +€5,205
new in 2025: €5,205
mainly Net result for the year (+€31,015) and Stocks and contracts (+€29,314)
- Reserves +€31,015
up €31,015 (+47.8%), from €64,819 to €95,834
- Trade debts -€13,683
down €13,683 (-43.6%), from €31,366 to €17,683
- Other debts -€12,500
no longer reported in 2025 (was €12,500)
- Short-term financial debts -€9,559
no longer reported in 2025 (was €9,559)
- Tax, wage and social debts +€9,060
up €9,060 (+29.3%), from €30,932 to €39,991
of which Taxes: +€7,230
- Gross operating margin -€31,832
down €31,832 (-35.4%), from €89,897 to €58,065
- Financial charges -€8,412
down €8,412 (-87.7%), from €9,598 to €1,185
- Other operating charges -€6,765
down €6,765 (-28.1%), from €24,104 to €17,339
- Taxes -€3,227
down €3,227 (-23.6%), from €13,651 to €10,424
- Financial income +€1,090
up €1,090 (+85.2%), from €1,280 to €2,370
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,585 | €284,706 | +€4,121 | +1.5% |
| Fixed assets | 21/28 | €6,444 | €5,972 | -€472 | -7.3% |
| Tangible fixed assets | 22/27 | €944 | €472 | -€472 | -50.0% |
| Plant, machinery and equipment | 23 | €644 | €322 | -€322 | -50.0% |
| Other tangible fixed assets | 26 | €300 | €150 | -€150 | -50.0% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €274,140 | €278,734 | +€4,593 | +1.7% |
| Stocks and contracts in progress | 3 | €182,264 | €152,950 | -€29,314 | -16.1% |
| Stocks | 30/36 | €182,264 | €152,950 | -€29,314 | -16.1% |
| Amounts receivable within one year | 40/41 | €90,770 | €119,423 | +€28,653 | +31.6% |
| Trade receivables | 40 | €30,013 | €36,069 | +€6,056 | +20.2% |
| Other amounts receivable | 41 | €60,757 | €83,354 | +€22,597 | +37.2% |
| Cash at bank and in hand | 54/58 | - | €5,205 | +€5,205 | |
| Deferred charges and accrued income | 490/1 | €1,107 | €1,156 | +€48 | +4.4% |
| Total equity and liabilities | 10/49 | €280,585 | €284,706 | +€4,121 | +1.5% |
| Equity | 10/15 | €85,279 | €116,294 | +€31,015 | +36.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €64,819 | €95,834 | +€31,015 | +47.8% |
| Distributable reserves | 133 | €64,819 | €95,834 | +€31,015 | +47.8% |
| Amounts payable | 17/49 | €195,305 | €168,412 | -€26,894 | -13.8% |
| Amounts payable after more than one year | 17 | €110,667 | €110,667 | = | 0.0% |
| Financial debts | 170/4 | €110,667 | €110,667 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,357 | €57,675 | -€26,682 | -31.6% |
| Financial debts | 43 | €9,559 | - | -€9,559 | |
| Credit institutions | 430/8 | €9,559 | - | -€9,559 | |
| Trade debts | 44 | €31,366 | €17,683 | -€13,683 | -43.6% |
| Suppliers | 440/4 | €31,366 | €17,683 | -€13,683 | -43.6% |
| Taxes, remuneration and social security | 45 | €30,932 | €39,991 | +€9,060 | +29.3% |
| Taxes | 450/3 | €30,932 | €38,161 | +€7,230 | +23.4% |
| Remuneration and social security | 454/9 | - | €1,830 | +€1,830 | |
| Other amounts payable | 47/48 | €12,500 | - | -€12,500 | |
| Accrued charges and deferred income | 492/3 | €282 | €70 | -€211 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472 | €472 | = | 0.0% |
| Other operating charges | 640/8 | €24,104 | €17,339 | -€6,765 | -28.1% |
| Gross operating margin | 9900 | €89,897 | €58,065 | -€31,832 | -35.4% |
| Operating profit (loss) | 9901 | €65,321 | €40,254 | -€25,067 | -38.4% |
| Financial income | 75/76B | €1,280 | €2,370 | +€1,090 | +85.2% |
| Recurring financial income | 75 | €1,280 | €2,370 | +€1,090 | +85.2% |
| Financial charges | 65/66B | €9,598 | €1,185 | -€8,412 | -87.7% |
| Recurring financial charges | 65 | €9,598 | €1,185 | -€8,412 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €57,003 | €41,438 | -€15,565 | -27.3% |
| Income taxes | 67/77 | €13,651 | €10,424 | -€3,227 | -23.6% |
| Profit (loss) for the period | 9904 | €43,353 | €31,015 | -€12,338 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,353 | €31,015 | -€12,338 | -28.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.