Monoloog: 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.
Monoloog
Largest movements
- Cash -€6,250
down €6,250 (-5.0%), from €123,961 to €117,710
mainly Contributions, distributions and other (-€100,000) and Deferred charges and accrued income (-€2,494)
- Deferred charges and accrued income +€2,494
up €2,494 (+57.1%), from €4,365 to €6,858
- Receivables within one year -€1,528
down €1,528 (-54.4%), from €2,807 to €1,279
of which Trade receivables: -€1,523
- Reserves -€9,716
down €9,716 (-8.7%), from €111,851 to €102,135
- Trade debts +€3,342
up €3,342 (+1530.2%), from €218 to €3,560
- Gross operating margin +€26,497
up €26,497 (+14.6%), from €181,376 to €207,873
- Staff costs +€14,792
up €14,792 (+21.6%), from €68,468 to €83,260
- Financial charges -€8,779
down €8,779 (-67.8%), from €12,944 to €4,165
- Taxes +€5,223
up €5,223 (+23.4%), from €22,330 to €27,552
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,689 | €126,483 | -€6,206 | -4.7% |
| Fixed assets | 21/28 | €1,556 | €635 | -€921 | -59.2% |
| Tangible fixed assets | 22/27 | €1,556 | €635 | -€921 | -59.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,556 | €635 | -€921 | -59.2% |
| Current assets | 29/58 | €131,133 | €125,848 | -€5,285 | -4.0% |
| Amounts receivable within one year | 40/41 | €2,807 | €1,279 | -€1,528 | -54.4% |
| Trade receivables | 40 | €2,802 | €1,279 | -€1,523 | -54.3% |
| Other amounts receivable | 41 | €6 | €0 | -€6 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €123,961 | €117,710 | -€6,250 | -5.0% |
| Deferred charges and accrued income | 490/1 | €4,365 | €6,858 | +€2,494 | +57.1% |
| Total equity and liabilities | 10/49 | €132,689 | €126,483 | -€6,206 | -4.7% |
| Equity | 10/15 | €114,851 | €105,135 | -€9,716 | -8.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €111,851 | €102,135 | -€9,716 | -8.7% |
| Distributable reserves | 133 | €111,851 | €102,135 | -€9,716 | -8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,838 | €21,348 | +€3,510 | +19.7% |
| Amounts payable within one year | 42/48 | €17,573 | €21,024 | +€3,451 | +19.6% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €218 | €3,560 | +€3,342 | +1530.2% |
| Suppliers | 440/4 | €218 | €3,560 | +€3,342 | +1530.2% |
| Taxes, remuneration and social security | 45 | €12,369 | €13,470 | +€1,100 | +8.9% |
| Taxes | 450/3 | €3,517 | €3,335 | -€182 | -5.2% |
| Remuneration and social security | 454/9 | €8,852 | €10,135 | +€1,283 | +14.5% |
| Other amounts payable | 47/48 | €4,986 | €3,976 | -€1,010 | -20.3% |
| Accrued charges and deferred income | 492/3 | €265 | €324 | +€59 | +22.3% |
| Remuneration, social security and pensions | 62 | €68,468 | €83,260 | +€14,792 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,073 | €921 | -€1,152 | -55.6% |
| Other operating charges | 640/8 | €2,891 | €1,691 | -€1,199 | -41.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €181,376 | €207,873 | +€26,497 | +14.6% |
| Operating profit (loss) | 9901 | €107,945 | €122,001 | +€14,056 | +13.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -26.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -26.9% |
| Financial charges | 65/66B | €12,944 | €4,165 | -€8,779 | -67.8% |
| Recurring financial charges | 65 | €12,944 | €4,165 | -€8,779 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €95,001 | €117,836 | +€22,835 | +24.0% |
| Income taxes | 67/77 | €22,330 | €27,552 | +€5,223 | +23.4% |
| Profit (loss) for the period | 9904 | €72,672 | €90,284 | +€17,613 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,672 | €90,284 | +€17,613 | +24.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.