MONSIM: 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.
MONSIM
Largest movements
- Cash -€396,077
down €396,077 (-66.3%), from €597,167 to €201,090
mainly Trade debts (-€382,525) and Receivables after one year (-€90,000)
- Tangible fixed assets -€107,934
down €107,934 (-15.6%), from €689,932 to €581,998
of which Land and buildings: -€70,281
- Receivables after one year +€90,000
new in 2025: €90,000
- Financial fixed assets +€19,393
up €19,393 (+167%), from €11,618 to €31,011
- Trade debts -€382,525
down €382,525 (-55.9%), from €684,355 to €301,830
- Reserves +€146,172
up €146,172 (+48.5%), from €301,438 to €447,610
of which Distributable reserves: +€108,955
- Tax, wage and social debts -€68,191
down €68,191 (-45.9%), from €148,430 to €80,240
of which Taxes: -€35,131
- Revaluation surpluses -€37,217
down €37,217 (-16.7%), from €223,304 to €186,087
- Debts after one year -€27,919
down €27,919 (-21.3%), from €131,272 to €103,353
of which Financial debts: -€27,919
- Gross operating margin +€40,737
up €40,737 (+3.9%), from €1.0m to €1.1m
- Other operating charges +€24,607
up €24,607 (+44.8%), from €54,928 to €79,535
- Staff costs +€22,935
up €22,935 (+3.5%), from €656,952 to €679,887
- Depreciation +€14,058
up €14,058 (+13.1%), from €107,361 to €121,418
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 | €1,809,102 | €1,416,899 | -€392,203 | -21.7% |
| Fixed assets | 21/28 | €702,037 | €613,276 | -€88,761 | -12.6% |
| Intangible fixed assets | 21 | €486 | €266 | -€220 | -45.2% |
| Tangible fixed assets | 22/27 | €689,932 | €581,998 | -€107,934 | -15.6% |
| Land and buildings | 22 | €453,721 | €383,440 | -€70,281 | -15.5% |
| Plant, machinery and equipment | 23 | €203,172 | €189,855 | -€13,317 | -6.6% |
| Furniture and vehicles | 24 | €33,039 | €8,703 | -€24,336 | -73.7% |
| Financial fixed assets | 28 | €11,618 | €31,011 | +€19,393 | +167% |
| Current assets | 29/58 | €1,107,065 | €803,623 | -€303,442 | -27.4% |
| Amounts receivable after more than one year | 29 | - | €90,000 | +€90,000 | |
| Other amounts receivable | 291 | - | €90,000 | +€90,000 | |
| Stocks and contracts in progress | 3 | €392,098 | €402,071 | +€9,972 | +2.5% |
| Stocks | 30/36 | €392,098 | €402,071 | +€9,972 | +2.5% |
| Amounts receivable within one year | 40/41 | €115,486 | €104,243 | -€11,243 | -9.7% |
| Trade receivables | 40 | €64,126 | €77,226 | +€13,101 | +20.4% |
| Other amounts receivable | 41 | €51,360 | €27,017 | -€24,343 | -47.4% |
| Cash at bank and in hand | 54/58 | €597,167 | €201,090 | -€396,077 | -66.3% |
| Deferred charges and accrued income | 490/1 | €2,315 | €6,220 | +€3,905 | +169% |
| Total equity and liabilities | 10/49 | €1,809,102 | €1,416,899 | -€392,203 | -21.7% |
| Equity | 10/15 | €679,675 | €788,630 | +€108,955 | +16.0% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Revaluation surpluses | 12 | €223,304 | €186,087 | -€37,217 | -16.7% |
| Reserves | 13 | €301,438 | €447,610 | +€146,172 | +48.5% |
| Non-distributable reserves | 130/1 | €238,798 | €276,015 | +€37,217 | +15.6% |
| Legal reserve | 130 | €15,493 | €15,493 | = | 0.0% |
| Other | 1319 | €223,304 | €260,522 | +€37,217 | +16.7% |
| Tax-exempt reserves | 132 | €1,184 | €1,184 | = | 0.0% |
| Distributable reserves | 133 | €61,457 | €170,412 | +€108,955 | +177% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,129,427 | €628,269 | -€501,158 | -44.4% |
| Amounts payable after more than one year | 17 | €131,272 | €103,353 | -€27,919 | -21.3% |
| Financial debts | 170/4 | €131,272 | €103,353 | -€27,919 | -21.3% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €981,239 | €524,268 | -€456,971 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €88,442 | €82,009 | -€6,432 | -7.3% |
| Financial debts | 43 | €60,000 | €60,189 | +€189 | +0.3% |
| Credit institutions | 430/8 | €60,000 | €60,189 | +€189 | +0.3% |
| Trade debts | 44 | €684,355 | €301,830 | -€382,525 | -55.9% |
| Suppliers | 440/4 | €684,355 | €301,830 | -€382,525 | -55.9% |
| Taxes, remuneration and social security | 45 | €148,430 | €80,240 | -€68,191 | -45.9% |
| Taxes | 450/3 | €35,593 | €462 | -€35,131 | -98.7% |
| Remuneration and social security | 454/9 | €112,838 | €79,778 | -€33,060 | -29.3% |
| Other amounts payable | 47/48 | €12 | €0 | -€12 | -100% |
| Accrued charges and deferred income | 492/3 | €16,916 | €648 | -€16,268 | -96.2% |
| Non-recurring operating income | 76A | €5,866 | €1,177 | -€4,689 | -79.9% |
| Remuneration, social security and pensions | 62 | €656,952 | €679,887 | +€22,935 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,361 | €121,418 | +€14,058 | +13.1% |
| Other operating charges | 640/8 | €54,928 | €79,535 | +€24,607 | +44.8% |
| Non-recurring operating charges | 66A | €3,184 | €1,530 | -€1,654 | -52.0% |
| Gross operating margin | 9900 | €1,036,002 | €1,076,740 | +€40,737 | +3.9% |
| Operating profit (loss) | 9901 | €213,578 | €194,370 | -€19,208 | -9.0% |
| Financial income | 75/76B | €22,055 | €24,915 | +€2,860 | +13.0% |
| Recurring financial income | 75 | €22,055 | €24,915 | +€2,860 | +13.0% |
| Financial charges | 65/66B | €58,407 | €56,923 | -€1,484 | -2.5% |
| Recurring financial charges | 65 | €44,962 | €45,348 | +€386 | +0.9% |
| Non-recurring financial charges | 66B | €13,446 | €11,575 | -€1,871 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €177,226 | €162,362 | -€14,864 | -8.4% |
| Income taxes | 67/77 | €59,871 | €53,407 | -€6,464 | -10.8% |
| Profit (loss) for the period | 9904 | €117,355 | €108,955 | -€8,400 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,355 | €108,955 | -€8,400 | -7.2% |
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 22 October 2026 via checked.be.