MONSECOUR: 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.
MONSECOUR
Largest movements
- Stocks and contracts +€388,698
up €388,698 (+51.7%), from €752,537 to €1.1m
- Tangible fixed assets -€152,298
down €152,298 (-26.8%), from €568,799 to €416,501
of which Plant, machinery and equipment: -€79,185
- Cash -€86,293
down €86,293 (-28.0%), from €308,331 to €222,038
mainly Stocks and contracts (-€388,698) and Contributions, distributions and other (-€170,000)
- Receivables within one year +€39,657
up €39,657 (+9.1%), from €435,951 to €475,608
of which Trade receivables: +€44,232
- Other debts +€202,035
up €202,035 (+203.6%), from €99,215 to €301,250
- Debts after one year -€81,421
down €81,421 (-26.3%), from €309,719 to €228,298
of which Financial debts: -€122,806
- Trade debts +€79,722
up €79,722 (+109.0%), from €73,112 to €152,834
- Current portion of long-term debt -€23,593
down €23,593 (-4.0%), from €592,763 to €569,170
- Depreciation -€49,214
down €49,214 (-23.4%), from €210,016 to €160,802
- Staff costs -€31,303
down €31,303 (-4.7%), from €663,890 to €632,587
- Gross operating margin -€28,587
down €28,587 (-2.6%), from €1.1m to €1.1m
- Financial charges +€22,888
up €22,888 (+154.5%), from €14,810 to €37,698
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 | €2,083,858 | €2,272,651 | +€188,793 | +9.1% |
| Fixed assets | 21/28 | €568,799 | €416,501 | -€152,298 | -26.8% |
| Tangible fixed assets | 22/27 | €568,799 | €416,501 | -€152,298 | -26.8% |
| Land and buildings | 22 | €17,991 | €14,098 | -€3,892 | -21.6% |
| Plant, machinery and equipment | 23 | €361,426 | €282,241 | -€79,185 | -21.9% |
| Furniture and vehicles | 24 | €189,383 | €120,161 | -€69,221 | -36.6% |
| Current assets | 29/58 | €1,515,059 | €1,856,150 | +€341,091 | +22.5% |
| Stocks and contracts in progress | 3 | €752,537 | €1,141,236 | +€388,698 | +51.7% |
| Stocks | 30/36 | €752,537 | €1,141,236 | +€388,698 | +51.7% |
| Amounts receivable within one year | 40/41 | €435,951 | €475,608 | +€39,657 | +9.1% |
| Trade receivables | 40 | €390,967 | €435,199 | +€44,232 | +11.3% |
| Other amounts receivable | 41 | €44,984 | €40,409 | -€4,575 | -10.2% |
| Cash at bank and in hand | 54/58 | €308,331 | €222,038 | -€86,293 | -28.0% |
| Deferred charges and accrued income | 490/1 | €18,240 | €17,268 | -€972 | -5.3% |
| Total equity and liabilities | 10/49 | €2,083,858 | €2,272,651 | +€188,793 | +9.1% |
| Equity | 10/15 | €967,551 | €958,097 | -€9,453 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €929,260 | €919,260 | -€10,000 | -1.1% |
| Non-distributable reserves | 130/1 | €24,360 | €24,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,360 | €24,360 | = | 0.0% |
| Distributable reserves | 133 | €904,900 | €894,900 | -€10,000 | -1.1% |
| Profit (loss) carried forward | 14 | €19,691 | €20,237 | +€547 | +2.8% |
| Amounts payable | 17/49 | €1,116,307 | €1,314,553 | +€198,246 | +17.8% |
| Amounts payable after more than one year | 17 | €309,719 | €228,298 | -€81,421 | -26.3% |
| Financial debts | 170/4 | €309,719 | €186,913 | -€122,806 | -39.7% |
| Other amounts payable | 178/9 | - | €41,385 | +€41,385 | |
| Amounts payable within one year | 42/48 | €805,088 | €1,084,755 | +€279,667 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €592,763 | €569,170 | -€23,593 | -4.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €73,112 | €152,834 | +€79,722 | +109.0% |
| Suppliers | 440/4 | €73,112 | €152,834 | +€79,722 | +109.0% |
| Taxes, remuneration and social security | 45 | €39,998 | €61,500 | +€21,503 | +53.8% |
| Taxes | 450/3 | €28,848 | €34,144 | +€5,296 | +18.4% |
| Remuneration and social security | 454/9 | €11,150 | €27,356 | +€16,206 | +145.3% |
| Other amounts payable | 47/48 | €99,215 | €301,250 | +€202,035 | +203.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | €390 | €0 | -€390 | -100.0% |
| Remuneration, social security and pensions | 62 | €663,890 | €632,587 | -€31,303 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,016 | €160,802 | -€49,214 | -23.4% |
| Other operating charges | 640/8 | €6,833 | €6,449 | -€384 | -5.6% |
| Gross operating margin | 9900 | €1,099,489 | €1,070,903 | -€28,587 | -2.6% |
| Operating profit (loss) | 9901 | €218,750 | €271,064 | +€52,314 | +23.9% |
| Financial income | 75/76B | €0 | €51 | +€51 | |
| Recurring financial income | 75 | €0 | €51 | +€51 | |
| Financial charges | 65/66B | €14,810 | €37,698 | +€22,888 | +154.5% |
| Recurring financial charges | 65 | €14,810 | €37,698 | +€22,888 | +154.5% |
| Profit (loss) for the period before taxes | 9903 | €203,940 | €233,418 | +€29,478 | +14.5% |
| Income taxes | 67/77 | €64,006 | €72,871 | +€8,865 | +13.9% |
| Profit (loss) for the period | 9904 | €139,934 | €160,547 | +€20,612 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €139,934 | €160,547 | +€20,612 | +14.7% |
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.