MONOPHAR: what changed
Two fiscal 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.
MONOPHAR
Largest movements
- Cash +€25,930
up €25,930 (+175.6%), from €14,766 to €40,696
mainly Net result for the year (+€40,601) and Other debts (+€23,808)
- Debts after one year -€34,383
down €34,383 (-11.5%), from €298,795 to €264,411
- Other debts +€23,808
up €23,808 (+342.3%), from €6,956 to €30,764
- Reserves +€19,001
up €19,001 (+87.1%), from €21,824 to €40,826
- Tax, wage and social debts +€9,664
up €9,664 (+46.6%), from €20,744 to €30,408
of which Taxes: +€7,593
- Gross operating margin +€54,557
up €54,557 (+65.1%), from €83,858 to €138,416
- Taxes +€9,910
up €9,910 (+896.1%), from €1,106 to €11,016
- Staff costs +€5,809
up €5,809 (+9.1%), from €63,802 to €69,610
- Financial charges +€1,683
up €1,683 (+13.8%), from €12,209 to €13,892
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 | €388,986 | €411,797 | +€22,811 | +5.9% |
| Fixed assets | 21/28 | €356,423 | €353,886 | -€2,537 | -0.7% |
| Tangible fixed assets | 22/27 | €6,423 | €3,886 | -€2,537 | -39.5% |
| Furniture and vehicles | 24 | €6,423 | €3,886 | -€2,537 | -39.5% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €32,563 | €57,912 | +€25,349 | +77.8% |
| Amounts receivable within one year | 40/41 | €11,005 | €10,187 | -€819 | -7.4% |
| Trade receivables | 40 | €10,122 | €9,289 | -€833 | -8.2% |
| Other amounts receivable | 41 | €884 | €898 | +€14 | +1.6% |
| Cash at bank and in hand | 54/58 | €14,766 | €40,696 | +€25,930 | +175.6% |
| Deferred charges and accrued income | 490/1 | €6,792 | €7,029 | +€237 | +3.5% |
| Total equity and liabilities | 10/49 | €388,986 | €411,797 | +€22,811 | +5.9% |
| Equity | 10/15 | €27,824 | €46,826 | +€19,001 | +68.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €21,824 | €40,826 | +€19,001 | +87.1% |
| Distributable reserves | 133 | €21,824 | €40,826 | +€19,001 | +87.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €361,161 | €364,972 | +€3,810 | +1.1% |
| Amounts payable after more than one year | 17 | €298,795 | €264,411 | -€34,383 | -11.5% |
| Financial debts | 170/4 | €298,795 | €264,411 | -€34,383 | -11.5% |
| Amounts payable within one year | 42/48 | €62,017 | €99,225 | +€37,208 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €33,228 | €34,383 | +€1,156 | +3.5% |
| Trade debts | 44 | €1,090 | €3,670 | +€2,580 | +236.7% |
| Suppliers | 440/4 | €1,090 | €3,670 | +€2,580 | +236.7% |
| Taxes, remuneration and social security | 45 | €20,744 | €30,408 | +€9,664 | +46.6% |
| Taxes | 450/3 | €8,100 | €15,693 | +€7,593 | +93.7% |
| Remuneration and social security | 454/9 | €12,643 | €14,714 | +€2,071 | +16.4% |
| Other amounts payable | 47/48 | €6,956 | €30,764 | +€23,808 | +342.3% |
| Accrued charges and deferred income | 492/3 | €350 | €1,335 | +€986 | +281.9% |
| Remuneration, social security and pensions | 62 | €63,802 | €69,610 | +€5,809 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | €2,537 | = | 0.0% |
| Other operating charges | 640/8 | €854 | €760 | -€94 | -11.0% |
| Gross operating margin | 9900 | €83,858 | €138,416 | +€54,557 | +65.1% |
| Operating profit (loss) | 9901 | €16,665 | €65,508 | +€48,843 | +293.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €12,209 | €13,892 | +€1,683 | +13.8% |
| Recurring financial charges | 65 | €12,209 | €13,892 | +€1,683 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €4,456 | €51,617 | +€47,161 | +1058.3% |
| Income taxes | 67/77 | €1,106 | €11,016 | +€9,910 | +896.1% |
| Profit (loss) for the period | 9904 | €3,350 | €40,601 | +€37,251 | +1111.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,350 | €40,601 | +€37,251 | +1111.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.