MONSEUR MANAGEMENT: 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.
MONSEUR MANAGEMENT
Largest movements
- Current investments -€30,167
down €30,167 (-100%), from €30,167 to €0
- Receivables within one year +€19,575
up €19,575 (+45.7%), from €42,859 to €62,434
of which Other amounts receivable: +€11,664
- Tangible fixed assets -€7,281
down €7,281 (-2.5%), from €287,457 to €280,176
of which Land and buildings: -€5,213
- Cash +€5,610
up €5,610 (+9.9%), from €56,750 to €62,360
mainly Other debts (+€86,038) and Net result for the year (+€40,265)
- Other debts +€86,038
up €86,038 (+304%), from €28,258 to €114,296
- Reserves -€69,735
down €69,735 (-37.3%), from €186,877 to €117,141
- Debts after one year -€18,248
down €18,248 (-11.3%), from €161,417 to €143,169
- Tax, wage and social debts -€13,976
down €13,976 (-73.2%), from €19,099 to €5,123
- Depreciation -€27,261
down €27,261 (-74.0%), from €36,841 to €9,580
- Gross operating margin -€4,062
down €4,062 (-5.0%), from €81,754 to €77,692
- Taxes +€3,324
up €3,324 (+32.7%), from €10,159 to €13,483
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,033 | €407,092 | -€11,940 | -2.8% |
| Fixed assets | 21/28 | €287,457 | €280,176 | -€7,281 | -2.5% |
| Tangible fixed assets | 22/27 | €287,457 | €280,176 | -€7,281 | -2.5% |
| Land and buildings | 22 | €278,514 | €273,302 | -€5,213 | -1.9% |
| Plant, machinery and equipment | 23 | €2,844 | €1,476 | -€1,369 | -48.1% |
| Furniture and vehicles | 24 | €6,099 | €5,399 | -€700 | -11.5% |
| Current assets | 29/58 | €131,576 | €126,917 | -€4,659 | -3.5% |
| Amounts receivable within one year | 40/41 | €42,859 | €62,434 | +€19,575 | +45.7% |
| Trade receivables | 40 | €42,859 | €50,770 | +€7,910 | +18.5% |
| Other amounts receivable | 41 | - | €11,664 | +€11,664 | |
| Current investments | 50/53 | €30,167 | €0 | -€30,167 | -100% |
| Cash at bank and in hand | 54/58 | €56,750 | €62,360 | +€5,610 | +9.9% |
| Deferred charges and accrued income | 490/1 | €1,800 | €2,122 | +€322 | +17.9% |
| Total equity and liabilities | 10/49 | €419,033 | €407,092 | -€11,940 | -2.8% |
| Equity | 10/15 | €187,877 | €118,141 | -€69,735 | -37.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €186,877 | €117,141 | -€69,735 | -37.3% |
| Distributable reserves | 133 | €186,877 | €117,141 | -€69,735 | -37.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €231,156 | €288,951 | +€57,795 | +25.0% |
| Amounts payable after more than one year | 17 | €161,417 | €143,169 | -€18,248 | -11.3% |
| Financial debts | 170/4 | €161,417 | €143,169 | -€18,248 | -11.3% |
| Amounts payable within one year | 42/48 | €67,427 | €142,506 | +€75,078 | +111% |
| Current portion of amounts payable after more than one year | 42 | €17,564 | €18,248 | +€683 | +3.9% |
| Trade debts | 44 | €2,506 | €4,839 | +€2,333 | +93.1% |
| Suppliers | 440/4 | €2,506 | €4,839 | +€2,333 | +93.1% |
| Taxes, remuneration and social security | 45 | €19,099 | €5,123 | -€13,976 | -73.2% |
| Taxes | 450/3 | €19,099 | €5,123 | -€13,976 | -73.2% |
| Other amounts payable | 47/48 | €28,258 | €114,296 | +€86,038 | +304% |
| Accrued charges and deferred income | 492/3 | €2,312 | €3,276 | +€965 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,841 | €9,580 | -€27,261 | -74.0% |
| Other operating charges | 640/8 | €3,641 | €3,425 | -€217 | -5.9% |
| Gross operating margin | 9900 | €81,754 | €77,692 | -€4,062 | -5.0% |
| Operating profit (loss) | 9901 | €41,272 | €64,687 | +€23,415 | +56.7% |
| Financial income | 75/76B | €250 | €192 | -€58 | -23.1% |
| Recurring financial income | 75 | €250 | €192 | -€58 | -23.1% |
| Financial charges | 65/66B | €11,319 | €11,132 | -€187 | -1.7% |
| Recurring financial charges | 65 | €11,319 | €11,132 | -€187 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €30,203 | €53,747 | +€23,544 | +78.0% |
| Income taxes | 67/77 | €10,159 | €13,483 | +€3,324 | +32.7% |
| Profit (loss) for the period | 9904 | €20,045 | €40,265 | +€20,220 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €20,045 | €40,265 | +€20,220 | +101% |
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.