MONOPAUL: 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.
MONOPAUL
Largest movements
- Receivables after one year -€163,000
no longer reported in 2025 (was €163,000)
- Cash +€49,477
up €49,477 (+33.4%), from €148,233 to €197,710
mainly Receivables after one year (+€163,000) and Other debts (+€59,721)
- Debts after one year -€109,099
down €109,099 (-48.4%), from €225,348 to €116,249
- Other debts +€59,721
new in 2025: €59,721
- Profit (loss) carried forward -€58,765
no longer reported in 2025 (was €58,765)
- Trade debts -€4,304
down €4,304 (-73.5%), from €5,854 to €1,550
- Financial income -€9,499
down €9,499 (-52.8%), from €18,000 to €8,501
- Gross operating margin +€4,520
up €4,520 (+40.9%), from -€11,057 to -€6,537
- Taxes -€1,035
down €1,035 (-79.9%), from €1,295 to €260
- Depreciation -€197
down €197 (-78.3%), from €252 to €55
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 | €311,387 | €197,810 | -€113,578 | -36.5% |
| Formation expenses | 20 | €55 | €0 | -€55 | -100% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €311,233 | €197,710 | -€113,523 | -36.5% |
| Amounts receivable after more than one year | 29 | €163,000 | - | -€163,000 | |
| Other amounts receivable | 291 | €163,000 | - | -€163,000 | |
| Cash at bank and in hand | 54/58 | €148,233 | €197,710 | +€49,477 | +33.4% |
| Total equity and liabilities | 10/49 | €311,387 | €197,810 | -€113,578 | -36.5% |
| Equity | 10/15 | €78,765 | €20,000 | -€58,765 | -74.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,765 | - | -€58,765 | |
| Amounts payable | 17/49 | €232,623 | €177,810 | -€54,813 | -23.6% |
| Amounts payable after more than one year | 17 | €225,348 | €116,249 | -€109,099 | -48.4% |
| Other amounts payable | 178/9 | €225,348 | €116,249 | -€109,099 | -48.4% |
| Amounts payable within one year | 42/48 | €7,149 | €61,531 | +€54,381 | +761% |
| Trade debts | 44 | €5,854 | €1,550 | -€4,304 | -73.5% |
| Suppliers | 440/4 | €5,854 | €1,550 | -€4,304 | -73.5% |
| Taxes, remuneration and social security | 45 | €1,295 | €260 | -€1,035 | -79.9% |
| Taxes | 450/3 | €1,295 | €260 | -€1,035 | -79.9% |
| Other amounts payable | 47/48 | - | €59,721 | +€59,721 | |
| Accrued charges and deferred income | 492/3 | €126 | €30 | -€96 | -76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €55 | -€197 | -78.3% |
| Other operating charges | 640/8 | €543 | €558 | +€14 | +2.6% |
| Gross operating margin | 9900 | -€11,057 | -€6,537 | +€4,520 | +40.9% |
| Operating profit (loss) | 9901 | -€11,853 | -€7,150 | +€4,703 | +39.7% |
| Financial income | 75/76B | €18,000 | €8,501 | -€9,499 | -52.8% |
| Recurring financial income | 75 | €18,000 | €8,501 | -€9,499 | -52.8% |
| Financial charges | 65/66B | €207 | €135 | -€72 | -34.7% |
| Recurring financial charges | 65 | €207 | €135 | -€72 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €5,940 | €1,216 | -€4,724 | -79.5% |
| Income taxes | 67/77 | €1,295 | €260 | -€1,035 | -79.9% |
| Profit (loss) for the period | 9904 | €4,645 | €957 | -€3,689 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,645 | €957 | -€3,689 | -79.4% |
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.