MONROE PACKAGING: 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.
What changed
MONROE PACKAGING
NACE 29.320, Manufacture of motor vehicles, trailers and semi-trailers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€476,711
2024 · €301,394+€175,317
Equity
€6.7m
2024 · €6.2m+€476,711
Cash
€369
2024 · -+€369
Balance sheet total
€8.6m
2024 · €7.0m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+26.2%), from €6.2m to €7.8m
of which Trade receivables: +€4.5m
Equity and liabilities
- Tax, wage and social debts +€1.1m
up €1.1m (+204%), from €548,665 to €1.7m
of which Remuneration and social security: +€1.1m
- Profit (loss) carried forward +€476,711
up €476,711 (+22.8%), from €2.1m to €2.6m
Income statement
- Turnover +€720,971
up €720,971 (+19.6%), from €3.7m to €4.4m
- Staff costs +€630,269
up €630,269 (+23.2%), from €2.7m to €3.4m
- Other operating income +€275,863
new in 2025: €275,863
- Financial income -€109,203
down €109,203 (-38.5%), from €284,005 to €174,802
- Services and other goods +€56,785
up €56,785 (+10.0%), from €568,025 to €624,810
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
€301,394
Turnover
+€720,971
Other operating income
+€275,863
Services and other goods
-€56,785
Staff costs
-€630,269
Depreciation
-€8,102
Other operating charges
+€1,255
Financial income
-€109,203
Financial charges
+€1,058
Taxes
-€19,472
Result 2025
€476,711
raises the resultlowers the result
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.
From operations
+€501
Investment
€0
Financing
-€131
Cash 2024
€0
From operations (derived)
+€501
Net result for the year
+€476,711
Depreciation
+€72,470
Receivables within one year
-€1.6m
Trade debts
-€37,944
Tax, wage and social debts
+€1.1m
Financing
-€131
Short-term financial debts
-€131
Cash 2025
€369
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,995,018 | €8,552,025 | +€1.6m | +22.3% |
| Fixed assets | 21/28 | €788,544 | €716,074 | -€72,470 | -9.2% |
| Tangible fixed assets | 22/27 | €788,544 | €716,074 | -€72,470 | -9.2% |
| Land and buildings | 22 | €497,207 | €468,931 | -€28,276 | -5.7% |
| Plant, machinery and equipment | 23 | €254,337 | €221,265 | -€33,073 | -13.0% |
| Furniture and vehicles | 24 | €36,999 | €25,878 | -€11,121 | -30.1% |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Current assets | 29/58 | €6,206,474 | €7,835,951 | +€1.6m | +26.3% |
| Amounts receivable within one year | 40/41 | €6,206,474 | €7,835,581 | +€1.6m | +26.2% |
| Trade receivables | 40 | €534,785 | €5,056,584 | +€4.5m | +846% |
| Other amounts receivable | 41 | €5,671,689 | €2,778,997 | -€2.9m | -51.0% |
| Cash at bank and in hand | 54/58 | - | €369 | +€369 | |
| Total equity and liabilities | 10/49 | €6,995,018 | €8,552,025 | +€1.6m | +22.3% |
| Equity | 10/15 | €6,185,601 | €6,662,311 | +€476,711 | +7.7% |
| Contributions | 10/11 | €3,719,000 | €3,719,000 | = | 0.0% |
| Reserves | 13 | €371,900 | €371,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €371,900 | €371,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €371,900 | €371,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,094,701 | €2,571,411 | +€476,711 | +22.8% |
| Amounts payable | 17/49 | €809,418 | €1,889,714 | +€1.1m | +133% |
| Amounts payable within one year | 42/48 | €809,418 | €1,889,714 | +€1.1m | +133% |
| Financial debts | 43 | €131 | - | -€131 | |
| Credit institutions | 430/8 | €131 | - | -€131 | |
| Trade debts | 44 | €260,621 | €222,677 | -€37,944 | -14.6% |
| Suppliers | 440/4 | €260,621 | €222,677 | -€37,944 | -14.6% |
| Taxes, remuneration and social security | 45 | €548,665 | €1,667,037 | +€1.1m | +204% |
| Taxes | 450/3 | €182,649 | €233,081 | +€50,432 | +27.6% |
| Remuneration and social security | 454/9 | €366,016 | €1,433,956 | +€1.1m | +292% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Operating income | 70/76A | €3,669,801 | €4,666,635 | +€996,834 | +27.2% |
| Turnover | 70 | €3,669,801 | €4,390,772 | +€720,971 | +19.6% |
| Other operating income | 74 | - | €275,863 | +€275,863 | |
| Operating charges | 60/66A | €3,460,604 | €4,154,505 | +€693,900 | +20.1% |
| Services and other goods | 61 | €568,025 | €624,810 | +€56,785 | +10.0% |
| Remuneration, social security and pensions | 62 | €2,720,886 | €3,351,154 | +€630,269 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,368 | €72,470 | +€8,102 | +12.6% |
| Other operating charges | 640/8 | €107,326 | €106,070 | -€1,255 | -1.2% |
| Operating profit (loss) | 9901 | €209,197 | €512,130 | +€302,934 | +145% |
| Financial income | 75/76B | €284,005 | €174,802 | -€109,203 | -38.5% |
| Recurring financial income | 75 | €284,005 | €174,802 | -€109,203 | -38.5% |
| Income from current assets | 751 | €284,005 | €174,802 | -€109,203 | -38.5% |
| Financial charges | 65/66B | €3,530 | €2,473 | -€1,058 | -30.0% |
| Recurring financial charges | 65 | €3,530 | €2,473 | -€1,058 | -30.0% |
| Debt charges | 650 | €2,601 | €1,543 | -€1,058 | -40.7% |
| Other financial charges | 652/9 | €930 | €930 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €489,671 | €684,460 | +€194,788 | +39.8% |
| Income taxes | 67/77 | €188,277 | €207,749 | +€19,472 | +10.3% |
| Taxes | 670/3 | €324,175 | €387,364 | +€63,189 | +19.5% |
| Tax adjustments and reversals of tax provisions | 77 | €135,898 | €179,615 | +€43,717 | +32.2% |
| Profit (loss) for the period | 9904 | €301,394 | €476,711 | +€175,317 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €301,394 | €476,711 | +€175,317 | +58.2% |
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 14 October 2026 via checked.be.