MONSIF: 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.
MONSIF
Largest movements
- Cash -€13,785
down €13,785 (-75.0%), from €18,383 to €4,598
- Receivables within one year -€13,238
down €13,238 (-31.0%), from €42,642 to €29,404
- Debts within one year -€14,771
down €14,771 (-27.4%), from €53,883 to €39,112
- Profit (loss) carried forward -€10,898
down €10,898 (-40.3%), from €27,055 to €16,157
- Debts after one year -€2,260
down €2,260 (-25.7%), from €8,806 to €6,546
- Staff costs +€84,027
new in 2022: €84,027
- Gross operating margin +€35,693
up €35,693 (+58.6%), from €60,914 to €96,607
- Depreciation -€11,768
no longer reported in 2022 (was €11,768)
- Other operating charges +€5,642
new in 2022: €5,642
From the 2020 result to the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,984 | €107,055 | -€27,929 | -20.7% |
| Fixed assets | 21/28 | €48,733 | €48,734 | +€1 | 0.0% |
| Tangible fixed assets | 22/27 | €48,713 | €48,714 | +€1 | 0.0% |
| Land and buildings | 22 | - | €24,896 | +€24,896 | |
| Furniture and vehicles | 24 | - | €11,981 | +€11,981 | |
| Other tangible fixed assets | 26 | - | €11,836 | +€11,836 | |
| Financial fixed assets | 28 | €20 | €20 | +€0 | +0.4% |
| Current assets | 29/58 | €86,251 | €58,322 | -€27,929 | -32.4% |
| Stocks and contracts in progress | 3 | €25,226 | €24,320 | -€906 | -3.6% |
| Stocks | 30/36 | - | €24,320 | +€24,320 | |
| Amounts receivable within one year | 40/41 | €42,642 | €29,404 | -€13,238 | -31.0% |
| Trade receivables | 40 | - | €15,483 | +€15,483 | |
| Other amounts receivable | 41 | - | €13,921 | +€13,921 | |
| Cash at bank and in hand | 54/58 | €18,383 | €4,598 | -€13,785 | -75.0% |
| Total equity and liabilities | 10/49 | €134,984 | €107,055 | -€27,929 | -20.7% |
| Equity | 10/15 | €72,295 | €61,398 | -€10,897 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €26,640 | €26,641 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | - | €9,288 | +€9,288 | |
| Reserves not available under the articles | 1311 | - | €9,288 | +€9,288 | |
| Distributable reserves | 133 | - | €17,353 | +€17,353 | |
| Profit (loss) carried forward | 14 | €27,055 | €16,157 | -€10,898 | -40.3% |
| Amounts payable | 17/49 | €62,689 | €45,658 | -€17,031 | -27.2% |
| Amounts payable after more than one year | 17 | €8,806 | €6,546 | -€2,260 | -25.7% |
| Financial debts | 170/4 | - | €6,546 | +€6,546 | |
| Amounts payable within one year | 42/48 | €53,883 | €39,112 | -€14,771 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,881 | +€4,881 | |
| Trade debts | 44 | €36,005 | €28,861 | -€7,144 | -19.8% |
| Suppliers | 440/4 | - | €28,861 | +€28,861 | |
| Taxes, remuneration and social security | 45 | - | €5,370 | +€5,370 | |
| Taxes | 450/3 | - | €1,003 | +€1,003 | |
| Remuneration and social security | 454/9 | - | €4,366 | +€4,366 | |
| Remuneration, social security and pensions | 62 | - | €84,027 | +€84,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,768 | - | -€11,768 | |
| Other operating charges | 640/8 | - | €5,642 | +€5,642 | |
| Gross operating margin | 9900 | €60,914 | €96,607 | +€35,693 | +58.6% |
| Operating profit (loss) | 9901 | -€1,444 | €6,938 | +€8,382 | |
| Recurring financial income | 75 | €282 | - | -€282 | |
| Recurring financial charges | 65 | €932 | - | -€932 | |
| Profit (loss) for the period before taxes | 9903 | -€2,094 | €6,938 | +€9,032 | |
| Income taxes | 67/77 | €688 | - | -€688 | |
| Profit (loss) for the period | 9904 | -€2,782 | €6,938 | +€9,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,782 | €6,938 | +€9,720 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.