MONSEU: 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.
MONSEU
Largest movements
- Tangible fixed assets -€120,240
down €120,240 (-15.5%), from €773,532 to €653,292
- Cash +€84,789
up €84,789 (+89.3%), from €94,918 to €179,706
mainly Depreciation (+€195,917) and Net result for the year (+€68,689)
- Receivables within one year +€57,284
up €57,284 (+11.8%), from €485,049 to €542,333
of which Other amounts receivable: +€59,397
- Stocks and contracts -€53,948
down €53,948 (-41.4%), from €130,378 to €76,430
- Current investments +€34,766
up €34,766 (+656.3%), from €5,298 to €40,064
- Reserves +€68,689
up €68,689 (+60.0%), from €114,538 to €183,227
of which Distributable reserves: +€68,689
- Debts after one year -€38,396
down €38,396 (-22.0%), from €174,564 to €136,168
- Other debts -€36,249
down €36,249 (-4.3%), from €844,455 to €808,206
- Tax, wage and social debts +€18,578
up €18,578 (+212.0%), from €8,764 to €27,342
of which Remuneration and social security: +€18,567
- Gross operating margin +€79,421
up €79,421 (+16.4%), from €485,160 to €564,582
- Financial income +€67,345
up €67,345 (+617.4%), from €10,908 to €78,253
of which Financial income: +€67,345
- Other operating charges +€6,923
up €6,923 (+18.5%), from €37,474 to €44,397
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 | €1,531,427 | €1,525,240 | -€6,187 | -0.4% |
| Fixed assets | 21/28 | €775,476 | €655,236 | -€120,240 | -15.5% |
| Tangible fixed assets | 22/27 | €773,532 | €653,292 | -€120,240 | -15.5% |
| Land and buildings | 22 | €308,734 | €270,552 | -€38,181 | -12.4% |
| Plant, machinery and equipment | 23 | €410,788 | €353,655 | -€57,134 | -13.9% |
| Furniture and vehicles | 24 | €8,780 | - | -€8,780 | |
| Leasing and similar rights | 25 | €41,139 | €28,719 | -€12,420 | -30.2% |
| Other tangible fixed assets | 26 | €4,091 | €366 | -€3,725 | -91.1% |
| Financial fixed assets | 28 | €1,945 | €1,945 | = | 0.0% |
| Current assets | 29/58 | €755,951 | €870,004 | +€114,053 | +15.1% |
| Stocks and contracts in progress | 3 | €130,378 | €76,430 | -€53,948 | -41.4% |
| Stocks | 30/36 | €130,378 | €76,430 | -€53,948 | -41.4% |
| Amounts receivable within one year | 40/41 | €485,049 | €542,333 | +€57,284 | +11.8% |
| Trade receivables | 40 | €356,165 | €354,053 | -€2,113 | -0.6% |
| Other amounts receivable | 41 | €128,884 | €188,281 | +€59,397 | +46.1% |
| Current investments | 50/53 | €5,298 | €40,064 | +€34,766 | +656.3% |
| Cash at bank and in hand | 54/58 | €94,918 | €179,706 | +€84,789 | +89.3% |
| Deferred charges and accrued income | 490/1 | €40,309 | €31,471 | -€8,838 | -21.9% |
| Total equity and liabilities | 10/49 | €1,531,427 | €1,525,240 | -€6,187 | -0.4% |
| Equity | 10/15 | €268,395 | €326,226 | +€57,831 | +21.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €114,538 | €183,227 | +€68,689 | +60.0% |
| Non-distributable reserves | 130/1 | €8,300 | €8,300 | = | 0.0% |
| Legal reserve | 130 | €8,300 | €8,300 | = | 0.0% |
| Distributable reserves | 133 | €106,238 | €174,927 | +€68,689 | +64.7% |
| Investment grants | 15 | €92,357 | €81,499 | -€10,858 | -11.8% |
| Amounts payable | 17/49 | €1,263,032 | €1,199,014 | -€64,018 | -5.1% |
| Amounts payable after more than one year | 17 | €174,564 | €136,168 | -€38,396 | -22.0% |
| Financial debts | 170/4 | €174,564 | €136,168 | -€38,396 | -22.0% |
| Amounts payable within one year | 42/48 | €1,081,895 | €1,045,975 | -€35,920 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €136,086 | €125,042 | -€11,043 | -8.1% |
| Trade debts | 44 | €92,591 | €85,384 | -€7,206 | -7.8% |
| Suppliers | 440/4 | €92,591 | €85,384 | -€7,206 | -7.8% |
| Taxes, remuneration and social security | 45 | €8,764 | €27,342 | +€18,578 | +212.0% |
| Taxes | 450/3 | €35 | €47 | +€11 | +32.2% |
| Remuneration and social security | 454/9 | €8,729 | €27,296 | +€18,567 | +212.7% |
| Other amounts payable | 47/48 | €844,455 | €808,206 | -€36,249 | -4.3% |
| Accrued charges and deferred income | 492/3 | €6,573 | €16,871 | +€10,298 | +156.7% |
| Remuneration, social security and pensions | 62 | €324,244 | €324,788 | +€544 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,870 | €195,917 | +€2,048 | +1.1% |
| Other operating charges | 640/8 | €37,474 | €44,397 | +€6,923 | +18.5% |
| Non-recurring operating charges | 66A | €860 | €627 | -€234 | -27.2% |
| Gross operating margin | 9900 | €485,160 | €564,582 | +€79,421 | +16.4% |
| Operating profit (loss) | 9901 | -€71,287 | -€1,147 | +€70,140 | +98.4% |
| Financial income | 75/76B | €10,908 | €78,253 | +€67,345 | +617.4% |
| Recurring financial income | 75 | €50 | €67,395 | +€67,345 | +134501.9% |
| Non-recurring financial income | 76B | €10,858 | €10,858 | = | 0.0% |
| Financial charges | 65/66B | €7,575 | €8,417 | +€842 | +11.1% |
| Recurring financial charges | 65 | €7,575 | €8,417 | +€842 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€67,955 | €68,689 | +€136,643 | |
| Profit (loss) for the period | 9904 | -€67,955 | €68,689 | +€136,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,955 | €68,689 | +€136,643 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.