MONSTREY PROJECTS: 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.
MONSTREY PROJECTS
Largest movements
- Tangible fixed assets +€102,987
up €102,987 (+9.3%), from €1.1m to €1.2m
of which Land and buildings: +€84,987
- Cash -€29,663
down €29,663 (-38.1%), from €77,882 to €48,219
mainly Investment in fixed assets (net) (-€188,587) and Debts after one year (-€31,794)
- Short-term financial debts +€107,543
up €107,543 (+26.7%), from €403,438 to €510,980
- Debts after one year -€31,794
down €31,794 (-5.8%), from €550,742 to €518,948
- Trade debts -€20,074
down €20,074 (-89.2%), from €22,508 to €2,434
- Accrued charges and deferred income +€15,331
up €15,331 (+203.2%), from €7,543 to €22,874
- Gross operating margin +€47,250
up €47,250 (+68.0%), from €69,435 to €116,685
- Depreciation +€15,104
up €15,104 (+21.4%), from €70,496 to €85,600
- Financial charges +€3,334
up €3,334 (+19.3%), from €17,240 to €20,575
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,185,382 | €1,261,006 | +€75,624 | +6.4% |
| Fixed assets | 21/28 | €1,107,500 | €1,210,488 | +€102,987 | +9.3% |
| Tangible fixed assets | 22/27 | €1,107,500 | €1,210,488 | +€102,987 | +9.3% |
| Land and buildings | 22 | €1,012,400 | €1,097,388 | +€84,987 | +8.4% |
| Assets under construction and advance payments | 27 | €95,100 | €113,100 | +€18,000 | +18.9% |
| Current assets | 29/58 | €77,882 | €50,519 | -€27,363 | -35.1% |
| Cash at bank and in hand | 54/58 | €77,882 | €48,219 | -€29,663 | -38.1% |
| Deferred charges and accrued income | 490/1 | - | €2,300 | +€2,300 | |
| Total equity and liabilities | 10/49 | €1,185,382 | €1,261,006 | +€75,624 | +6.4% |
| Equity | 10/15 | €169,475 | €173,423 | +€3,948 | +2.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €64,851 | €63,177 | -€1,674 | -2.6% |
| Reserves | 13 | €46,025 | €48,246 | +€2,222 | +4.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,820 | €15,820 | = | 0.0% |
| Distributable reserves | 133 | €24,005 | €26,226 | +€2,222 | +9.3% |
| Profit (loss) carried forward | 14 | -€3,401 | €0 | +€3,401 | |
| Amounts payable | 17/49 | €1,015,907 | €1,087,584 | +€71,676 | +7.1% |
| Amounts payable after more than one year | 17 | €550,742 | €518,948 | -€31,794 | -5.8% |
| Financial debts | 170/4 | €550,742 | €518,948 | -€31,794 | -5.8% |
| Amounts payable within one year | 42/48 | €457,623 | €545,761 | +€88,139 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €31,322 | €31,794 | +€471 | +1.5% |
| Financial debts | 43 | €403,438 | €510,980 | +€107,543 | +26.7% |
| Other loans | 439 | €403,438 | €510,980 | +€107,543 | +26.7% |
| Trade debts | 44 | €22,508 | €2,434 | -€20,074 | -89.2% |
| Suppliers | 440/4 | €22,508 | €2,434 | -€20,074 | -89.2% |
| Taxes, remuneration and social security | 45 | €0 | €198 | +€198 | |
| Taxes | 450/3 | €0 | €198 | +€198 | |
| Other amounts payable | 47/48 | €356 | €356 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,543 | €22,874 | +€15,331 | +203.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,496 | €85,600 | +€15,104 | +21.4% |
| Other operating charges | 640/8 | €3,603 | €4,746 | +€1,144 | +31.7% |
| Gross operating margin | 9900 | €69,435 | €116,685 | +€47,250 | +68.0% |
| Operating profit (loss) | 9901 | -€4,663 | €26,339 | +€31,002 | |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €17,240 | €20,575 | +€3,334 | +19.3% |
| Recurring financial charges | 65 | €17,240 | €20,575 | +€3,334 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,903 | €5,845 | +€27,748 | |
| Income taxes | 67/77 | - | €222 | +€222 | |
| Profit (loss) for the period | 9904 | -€21,903 | €5,623 | +€27,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,903 | €5,623 | +€27,526 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.