MONO-INFRASTRUCTURE: 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-INFRASTRUCTURE
Largest movements
- Receivables within one year +€169,050
up €169,050 (+87.3%), from €193,550 to €362,600
of which Trade receivables: +€190,391
- Tangible fixed assets -€75,761
down €75,761 (-44.2%), from €171,440 to €95,679
of which Furniture and vehicles: -€87,153
- Cash +€10,425
up €10,425 (+32.0%), from €32,533 to €42,958
mainly Advances received (+€113,190) and Investment in fixed assets (net) (+€43,166)
- Advances received +€113,190
new in 2025: €113,190
- Trade debts -€53,270
down €53,270 (-28.6%), from €186,225 to €132,955
- Reserves +€36,772
up €36,772 (+108%), from €34,105 to €70,877
- Debts after one year +€17,107
up €17,107 (+4,658%), from €367 to €17,474
- Gross operating margin +€37,768
up €37,768 (+7.9%), from €476,952 to €514,720
- Staff costs +€28,669
up €28,669 (+8.2%), from €350,174 to €378,843
- Depreciation -€5,336
down €5,336 (-14.1%), from €37,931 to €32,595
- Financial charges +€5,333
up €5,333 (+22.7%), from €23,482 to €28,815
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 | €404,586 | €511,631 | +€107,046 | +26.5% |
| Fixed assets | 21/28 | €176,435 | €100,674 | -€75,761 | -42.9% |
| Tangible fixed assets | 22/27 | €171,440 | €95,679 | -€75,761 | -44.2% |
| Plant, machinery and equipment | 23 | €25,629 | €18,572 | -€7,057 | -27.5% |
| Furniture and vehicles | 24 | €138,068 | €50,915 | -€87,153 | -63.1% |
| Leasing and similar rights | 25 | €7,743 | €26,192 | +€18,449 | +238% |
| Financial fixed assets | 28 | €4,995 | €4,995 | = | 0.0% |
| Current assets | 29/58 | €228,151 | €410,958 | +€182,807 | +80.1% |
| Amounts receivable within one year | 40/41 | €193,550 | €362,600 | +€169,050 | +87.3% |
| Trade receivables | 40 | €159,190 | €349,581 | +€190,391 | +120% |
| Other amounts receivable | 41 | €34,360 | €13,019 | -€21,341 | -62.1% |
| Cash at bank and in hand | 54/58 | €32,533 | €42,958 | +€10,425 | +32.0% |
| Deferred charges and accrued income | 490/1 | €2,068 | €5,400 | +€3,332 | +161% |
| Total equity and liabilities | 10/49 | €404,586 | €511,631 | +€107,046 | +26.5% |
| Equity | 10/15 | €58,597 | €95,369 | +€36,772 | +62.8% |
| Reserves | 13 | €34,105 | €70,877 | +€36,772 | +108% |
| Distributable reserves | 133 | €34,105 | €70,877 | +€36,772 | +108% |
| Profit (loss) carried forward | 14 | €24,492 | €24,492 | = | 0.0% |
| Amounts payable | 17/49 | €345,989 | €416,263 | +€70,274 | +20.3% |
| Amounts payable after more than one year | 17 | €367 | €17,474 | +€17,107 | +4,658% |
| Financial debts | 170/4 | €367 | €17,474 | +€17,107 | +4,658% |
| Amounts payable within one year | 42/48 | €345,622 | €398,789 | +€53,167 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €4,323 | €3,957 | -€366 | -8.5% |
| Trade debts | 44 | €186,225 | €132,955 | -€53,270 | -28.6% |
| Suppliers | 440/4 | €186,225 | €132,955 | -€53,270 | -28.6% |
| Advances received on contracts in progress | 46 | - | €113,190 | +€113,190 | |
| Taxes, remuneration and social security | 45 | €28,827 | €24,852 | -€3,976 | -13.8% |
| Taxes | 450/3 | €12,929 | €6,263 | -€6,666 | -51.6% |
| Remuneration and social security | 454/9 | €15,899 | €18,589 | +€2,690 | +16.9% |
| Other amounts payable | 47/48 | €126,247 | €123,835 | -€2,412 | -1.9% |
| Non-recurring operating income | 76A | - | €4,793 | +€4,793 | |
| Remuneration, social security and pensions | 62 | €350,174 | €378,843 | +€28,669 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,931 | €32,595 | -€5,336 | -14.1% |
| Other operating charges | 640/8 | €6,055 | €9,657 | +€3,602 | +59.5% |
| Non-recurring operating charges | 66A | €11,225 | €9,776 | -€1,449 | -12.9% |
| Gross operating margin | 9900 | €476,952 | €514,720 | +€37,768 | +7.9% |
| Operating profit (loss) | 9901 | €71,567 | €83,849 | +€12,281 | +17.2% |
| Financial income | 75/76B | €27 | €1 | -€26 | -95.1% |
| Recurring financial income | 75 | €27 | €1 | -€26 | -95.1% |
| Financial charges | 65/66B | €23,482 | €28,815 | +€5,333 | +22.7% |
| Recurring financial charges | 65 | €23,482 | €28,815 | +€5,333 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €48,112 | €55,035 | +€6,923 | +14.4% |
| Income taxes | 67/77 | €15,867 | €18,263 | +€2,396 | +15.1% |
| Profit (loss) for the period | 9904 | €32,245 | €36,772 | +€4,527 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,245 | €36,772 | +€4,527 | +14.0% |
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 17 October 2026 via checked.be.