Monreal: 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.
Monreal
Largest movements
- Tangible fixed assets -€1.3m
down €1.3m (-95.4%), from €1.4m to €65,097
of which Land and buildings: -€1.3m
- Receivables within one year +€351,432
up €351,432 (+83.0%), from €423,429 to €774,860
of which Other amounts receivable: +€317,082
- Cash +€58,966
up €58,966 (+229.4%), from €25,700 to €84,665
mainly Investment in fixed assets (net) (+€1.3m) and Net result for the year (+€428,077)
- Debts after one year -€1.1m
down €1.1m (-89.0%), from €1.3m to €138,188
- Revaluation surpluses -€447,072
down €447,072 (-100.0%), from €447,072 to €0
- Reserves +€442,288
up €442,288 (+335.7%), from €131,767 to €574,055
of which Tax-exempt reserves: +€551,252
- Provisions +€180,439
up €180,439 (+1761.0%), from €10,247 to €190,685
- Other debts +€140,527
up €140,527 (+215.6%), from €65,174 to €205,701
- Gross operating margin +€695,921
up €695,921 (+1218.4%), from €57,117 to €753,038
- Depreciation -€81,804
down €81,804 (-75.9%), from €107,728 to €25,923
- Financial charges +€58,033
up €58,033 (+91.9%), from €63,114 to €121,147
- Other operating charges -€28,966
down €28,966 (-69.3%), from €41,789 to €12,823
- Financial income +€20,257
up €20,257 (+97.5%), from €20,781 to €41,037
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,004,732 | €1,081,202 | -€923,530 | -46.1% |
| Fixed assets | 21/28 | €1,413,165 | €80,447 | -€1.3m | -94.3% |
| Tangible fixed assets | 22/27 | €1,413,165 | €65,097 | -€1.3m | -95.4% |
| Land and buildings | 22 | €1,330,572 | €0 | -€1.3m | -100.0% |
| Plant, machinery and equipment | 23 | €5,530 | €4,509 | -€1,021 | -18.5% |
| Furniture and vehicles | 24 | €77,063 | €60,588 | -€16,475 | -21.4% |
| Financial fixed assets | 28 | - | €15,350 | +€15,350 | |
| Current assets | 29/58 | €591,567 | €1,000,755 | +€409,188 | +69.2% |
| Amounts receivable after more than one year | 29 | €112,000 | €116,000 | +€4,000 | +3.6% |
| Other amounts receivable | 291 | €112,000 | €116,000 | +€4,000 | +3.6% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €423,429 | €774,860 | +€351,432 | +83.0% |
| Trade receivables | 40 | €28,236 | €62,587 | +€34,350 | +121.7% |
| Other amounts receivable | 41 | €395,192 | €712,274 | +€317,082 | +80.2% |
| Current investments | 50/53 | €20 | €33 | +€13 | +65.2% |
| Cash at bank and in hand | 54/58 | €25,700 | €84,665 | +€58,966 | +229.4% |
| Deferred charges and accrued income | 490/1 | €5,419 | €197 | -€5,223 | -96.4% |
| Total equity and liabilities | 10/49 | €2,004,732 | €1,081,202 | -€923,530 | -46.1% |
| Equity | 10/15 | €430,989 | €411,994 | -€18,996 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Revaluation surpluses | 12 | €447,072 | €0 | -€447,072 | -100.0% |
| Reserves | 13 | €131,767 | €574,055 | +€442,288 | +335.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,804 | €572,055 | +€551,252 | +2649.8% |
| Distributable reserves | 133 | €108,963 | €0 | -€108,963 | -100.0% |
| Profit (loss) carried forward | 14 | -€154,050 | -€168,261 | -€14,212 | -9.2% |
| Provisions and deferred taxes | 16 | €10,247 | €190,685 | +€180,439 | +1761.0% |
| Deferred taxes | 168 | €10,247 | €190,685 | +€180,439 | +1761.0% |
| Amounts payable | 17/49 | €1,563,496 | €478,523 | -€1.1m | -69.4% |
| Amounts payable after more than one year | 17 | €1,257,939 | €138,188 | -€1.1m | -89.0% |
| Financial debts | 170/4 | €1,257,939 | €138,188 | -€1.1m | -89.0% |
| Amounts payable within one year | 42/48 | €305,557 | €335,085 | +€29,528 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €14,303 | €14,751 | +€448 | +3.1% |
| Financial debts | 43 | €65,796 | €45,000 | -€20,797 | -31.6% |
| Credit institutions | 430/8 | €65,796 | €45,000 | -€20,797 | -31.6% |
| Trade debts | 44 | €41,295 | €60,464 | +€19,169 | +46.4% |
| Suppliers | 440/4 | €41,295 | €60,464 | +€19,169 | +46.4% |
| Taxes, remuneration and social security | 45 | €118,987 | €9,169 | -€109,819 | -92.3% |
| Taxes | 450/3 | €118,987 | €9,169 | -€109,819 | -92.3% |
| Other amounts payable | 47/48 | €65,174 | €205,701 | +€140,527 | +215.6% |
| Accrued charges and deferred income | 492/3 | - | €5,250 | +€5,250 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,728 | €25,923 | -€81,804 | -75.9% |
| Other operating charges | 640/8 | €41,789 | €12,823 | -€28,966 | -69.3% |
| Non-recurring operating charges | 66A | €0 | €23,845 | +€23,845 | |
| Gross operating margin | 9900 | €57,117 | €753,038 | +€695,921 | +1218.4% |
| Operating profit (loss) | 9901 | -€92,399 | €690,447 | +€782,847 | |
| Financial income | 75/76B | €20,781 | €41,037 | +€20,257 | +97.5% |
| Recurring financial income | 75 | €20,781 | €41,037 | +€20,257 | +97.5% |
| Financial charges | 65/66B | €63,114 | €121,147 | +€58,033 | +91.9% |
| Recurring financial charges | 65 | €63,114 | €121,147 | +€58,033 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | -€134,733 | €610,337 | +€745,070 | |
| Transfer from deferred taxes | 780 | - | €10,247 | +€10,247 | |
| Transfer to deferred taxes | 680 | - | €190,685 | +€190,685 | |
| Income taxes | 67/77 | -€256 | €1,822 | +€2,078 | |
| Profit (loss) for the period | 9904 | -€134,477 | €428,077 | +€562,554 | |
| Transfer from tax-exempt reserves | 789 | - | €20,804 | +€20,804 | |
| Transfer to tax-exempt reserves | 689 | - | €572,055 | +€572,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€134,477 | -€123,175 | +€11,302 | +8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.