MONOPOLEY: 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.
What changed
MONOPOLEY
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€353,900
2024 · €513,791-€159,891
Equity
€14.2m
2024 · €13.9m+€353,900
Cash
€1.4m
2024 · €1.3m+€58,396
Balance sheet total
€18.0m
2024 · €18.0m+€74,614
Largest movements
Assets
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Stocks and contracts +€975,701
up €975,701 (+11.6%), from €8.4m to €9.4m
Equity and liabilities
- Reserves +€353,900
up €353,900 (+2.6%), from €13.8m to €14.2m
of which Distributable reserves: +€353,900
- Other debts -€231,162
down €231,162 (-6.0%), from €3.9m to €3.7m
Income statement
- Gross operating margin -€291,093
down €291,093 (-31.9%), from €911,914 to €620,821
- Financial charges -€91,058
down €91,058 (-25.7%), from €353,975 to €262,916
- Taxes -€59,725
down €59,725 (-33.6%), from €177,930 to €118,205
- Financial income -€28,601
down €28,601 (-11.2%), from €255,227 to €226,625
- Other operating charges -€15,559
down €15,559 (-58.0%), from €26,806 to €11,248
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.
Result 2024
€513,791
Gross operating margin
-€291,093
Depreciation
-€6,539
Other operating charges
+€15,559
Financial income
-€28,601
Financial charges
+€91,058
Taxes
+€59,725
Result 2025
€353,900
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.
From operations
-€738,820
Investment
+€870,000
Financing
-€72,783
Cash 2024
€1.3m
From operations (derived)
-€738,820
Net result for the year
+€353,900
Depreciation
+€101,177
Stocks and contracts
-€975,701
Receivables within one year
-€10,692
Deferred charges and accrued income
-€1,001
Trade debts
-€7,657
Tax, wage and social debts
-€6,915
Other debts
-€231,162
Accrued charges and deferred income
+€39,230
Investment (derived)
+€870,000
Investment in fixed assets (net)
-€130,000
Current investments
+€1.0m
Financing
-€72,783
Debts after one year
-€54,991
Current portion of long-term debt
-€17,792
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,970,829 | €18,045,443 | +€74,614 | +0.4% |
| Fixed assets | 21/28 | €1,832,557 | €1,861,380 | +€28,823 | +1.6% |
| Tangible fixed assets | 22/27 | €1,832,557 | €1,861,380 | +€28,823 | +1.6% |
| Land and buildings | 22 | €1,369,995 | €1,426,318 | +€56,323 | +4.1% |
| Other tangible fixed assets | 26 | €462,561 | €435,061 | -€27,500 | -5.9% |
| Current assets | 29/58 | €16,138,273 | €16,184,063 | +€45,791 | +0.3% |
| Stocks and contracts in progress | 3 | €8,418,516 | €9,394,217 | +€975,701 | +11.6% |
| Stocks | 30/36 | €8,418,516 | €9,394,217 | +€975,701 | +11.6% |
| Amounts receivable within one year | 40/41 | €5,379,154 | €5,389,847 | +€10,692 | +0.2% |
| Trade receivables | 40 | €29,600 | €12,667 | -€16,933 | -57.2% |
| Other amounts receivable | 41 | €5,349,554 | €5,377,180 | +€27,626 | +0.5% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €1,318,498 | €1,376,894 | +€58,396 | +4.4% |
| Deferred charges and accrued income | 490/1 | €22,105 | €23,106 | +€1,001 | +4.5% |
| Total equity and liabilities | 10/49 | €17,970,829 | €18,045,443 | +€74,614 | +0.4% |
| Equity | 10/15 | €13,868,089 | €14,221,989 | +€353,900 | +2.6% |
| Contributions | 10/11 | €48,212 | €48,212 | = | 0.0% |
| Reserves | 13 | €13,819,877 | €14,173,777 | +€353,900 | +2.6% |
| Non-distributable reserves | 130/1 | €11,373 | €11,373 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,373 | €11,373 | = | 0.0% |
| Distributable reserves | 133 | €13,808,504 | €14,162,404 | +€353,900 | +2.6% |
| Amounts payable | 17/49 | €4,102,740 | €3,823,453 | -€279,287 | -6.8% |
| Amounts payable after more than one year | 17 | €54,991 | - | -€54,991 | |
| Financial debts | 170/4 | €54,991 | - | -€54,991 | |
| Amounts payable within one year | 42/48 | €4,012,509 | €3,748,983 | -€263,526 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €72,783 | €54,991 | -€17,792 | -24.4% |
| Trade debts | 44 | €22,588 | €14,931 | -€7,657 | -33.9% |
| Suppliers | 440/4 | €22,588 | €14,931 | -€7,657 | -33.9% |
| Taxes, remuneration and social security | 45 | €32,958 | €26,044 | -€6,915 | -21.0% |
| Taxes | 450/3 | €32,958 | €26,044 | -€6,915 | -21.0% |
| Other amounts payable | 47/48 | €3,884,180 | €3,653,018 | -€231,162 | -6.0% |
| Accrued charges and deferred income | 492/3 | €35,240 | €74,470 | +€39,230 | +111.3% |
| Non-recurring operating income | 76A | €149,953 | - | -€149,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,638 | €101,177 | +€6,539 | +6.9% |
| Other operating charges | 640/8 | €26,806 | €11,248 | -€15,559 | -58.0% |
| Gross operating margin | 9900 | €911,914 | €620,821 | -€291,093 | -31.9% |
| Operating profit (loss) | 9901 | €790,469 | €508,396 | -€282,073 | -35.7% |
| Financial income | 75/76B | €255,227 | €226,625 | -€28,601 | -11.2% |
| Recurring financial income | 75 | €255,227 | €226,625 | -€28,601 | -11.2% |
| Financial charges | 65/66B | €353,975 | €262,916 | -€91,058 | -25.7% |
| Recurring financial charges | 65 | €353,975 | €262,916 | -€91,058 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €691,721 | €472,105 | -€219,616 | -31.7% |
| Income taxes | 67/77 | €177,930 | €118,205 | -€59,725 | -33.6% |
| Profit (loss) for the period | 9904 | €513,791 | €353,900 | -€159,891 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €513,791 | €353,900 | -€159,891 | -31.1% |
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 6 October 2026 via checked.be.