MONROVIA: 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.
MONROVIA
Largest movements
- Receivables within one year +€19,322
up €19,322 (+29.1%), from €66,439 to €85,761
of which Trade receivables: +€36,485
- Tangible fixed assets -€10,314
down €10,314 (-40.1%), from €25,695 to €15,381
of which Furniture and vehicles: -€8,672
- Cash +€10,204
up €10,204 (+14.7%), from €69,469 to €79,672
mainly Net result for the year (+€81,752) and Depreciation (+€10,314)
- Financial fixed assets +€5,000
new in 2025: €5,000
- Reserves +€54,185
up €54,185 (+47.4%), from €114,266 to €168,450
of which Distributable reserves: +€54,185
- Tax, wage and social debts -€17,862
down €17,862 (-77.8%), from €22,952 to €5,090
- Debts after one year -€7,836
down €7,836 (-100.0%), from €7,836 to €0
- Current portion of long-term debt -€5,061
down €5,061 (-100.0%), from €5,061 to €0
- Gross operating margin +€75,149
up €75,149 (+147.8%), from €50,849 to €125,998
- Taxes +€21,086
up €21,086 (+171.7%), from €12,281 to €33,367
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 | €163,405 | €187,703 | +€24,298 | +14.9% |
| Fixed assets | 21/28 | €25,695 | €20,381 | -€5,314 | -20.7% |
| Tangible fixed assets | 22/27 | €25,695 | €15,381 | -€10,314 | -40.1% |
| Plant, machinery and equipment | 23 | €3,083 | €2,466 | -€617 | -20.0% |
| Furniture and vehicles | 24 | €20,591 | €11,918 | -€8,672 | -42.1% |
| Other tangible fixed assets | 26 | €2,021 | €996 | -€1,024 | -50.7% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €137,710 | €167,322 | +€29,612 | +21.5% |
| Amounts receivable within one year | 40/41 | €66,439 | €85,761 | +€19,322 | +29.1% |
| Trade receivables | 40 | €41,902 | €78,387 | +€36,485 | +87.1% |
| Other amounts receivable | 41 | €24,537 | €7,374 | -€17,163 | -69.9% |
| Cash at bank and in hand | 54/58 | €69,469 | €79,672 | +€10,204 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,803 | €1,889 | +€86 | +4.8% |
| Total equity and liabilities | 10/49 | €163,405 | €187,703 | +€24,298 | +14.9% |
| Equity | 10/15 | €126,666 | €180,850 | +€54,185 | +42.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €114,266 | €168,450 | +€54,185 | +47.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €114,266 | €168,450 | +€54,185 | +47.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,739 | €6,853 | -€29,886 | -81.3% |
| Amounts payable after more than one year | 17 | €7,836 | €0 | -€7,836 | -100.0% |
| Financial debts | 170/4 | €7,836 | €0 | -€7,836 | -100.0% |
| Amounts payable within one year | 42/48 | €28,727 | €6,677 | -€22,051 | -76.8% |
| Current portion of amounts payable after more than one year | 42 | €5,061 | €0 | -€5,061 | -100.0% |
| Financial debts | 43 | - | €631 | +€631 | |
| Credit institutions | 430/8 | - | €631 | +€631 | |
| Trade debts | 44 | €714 | €955 | +€241 | +33.7% |
| Suppliers | 440/4 | €714 | €955 | +€241 | +33.7% |
| Taxes, remuneration and social security | 45 | €22,952 | €5,090 | -€17,862 | -77.8% |
| Taxes | 450/3 | €22,952 | €5,090 | -€17,862 | -77.8% |
| Accrued charges and deferred income | 492/3 | €176 | €176 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,314 | €10,314 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,040 | €1,712 | -€328 | -16.1% |
| Non-recurring operating charges | 66A | €121 | €0 | -€121 | -100.0% |
| Gross operating margin | 9900 | €50,849 | €125,998 | +€75,149 | +147.8% |
| Operating profit (loss) | 9901 | €38,374 | €113,972 | +€75,598 | +197.0% |
| Financial income | 75/76B | €1,692 | €1,913 | +€221 | +13.0% |
| Recurring financial income | 75 | €1,692 | €1,913 | +€221 | +13.0% |
| Financial charges | 65/66B | €825 | €766 | -€58 | -7.1% |
| Recurring financial charges | 65 | €825 | €766 | -€58 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €39,241 | €115,119 | +€75,877 | +193.4% |
| Income taxes | 67/77 | €12,281 | €33,367 | +€21,086 | +171.7% |
| Profit (loss) for the period | 9904 | €26,960 | €81,752 | +€54,792 | +203.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,960 | €81,752 | +€54,792 | +203.2% |
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 10 October 2026 via checked.be.