MONTHI: 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.
MONTHI
Largest movements
- Tangible fixed assets -€29,211
down €29,211 (-11.0%), from €264,451 to €235,240
of which Land and buildings: -€28,810
- Debts after one year -€33,518
down €33,518 (-74.6%), from €44,925 to €11,407
- Other debts +€27,653
up €27,653 (+1092.8%), from €2,530 to €30,184
- Reserves -€26,909
down €26,909 (-7.9%), from €342,463 to €315,554
of which Tax-exempt reserves: -€20,892
- Provisions +€10,016
up €10,016 (+161.7%), from €6,194 to €16,210
- Depreciation -€2,646
down €2,646 (-8.3%), from €31,857 to €29,211
- Financial charges -€1,504
down €1,504 (-47.4%), from €3,173 to €1,669
- Financial income -€1,222
down €1,222 (-20.3%), from €6,029 to €4,807
- Taxes +€1,198
up €1,198 (+7.9%), from €15,222 to €16,420
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 | €536,306 | €509,439 | -€26,867 | -5.0% |
| Fixed assets | 21/28 | €265,395 | €235,240 | -€30,154 | -11.4% |
| Tangible fixed assets | 22/27 | €264,451 | €235,240 | -€29,211 | -11.0% |
| Land and buildings | 22 | €262,562 | €233,753 | -€28,810 | -11.0% |
| Furniture and vehicles | 24 | €1,889 | €1,488 | -€401 | -21.2% |
| Financial fixed assets | 28 | €944 | €0 | -€944 | -100.0% |
| Current assets | 29/58 | €270,911 | €274,198 | +€3,287 | +1.2% |
| Amounts receivable within one year | 40/41 | €13,254 | €13,489 | +€236 | +1.8% |
| Trade receivables | 40 | €6,050 | €12,006 | +€5,956 | +98.5% |
| Other amounts receivable | 41 | €7,204 | €1,483 | -€5,721 | -79.4% |
| Current investments | 50/53 | €254,817 | €258,123 | +€3,306 | +1.3% |
| Cash at bank and in hand | 54/58 | €2,840 | €1,325 | -€1,516 | -53.4% |
| Deferred charges and accrued income | 490/1 | - | €1,261 | +€1,261 | |
| Total equity and liabilities | 10/49 | €536,306 | €509,439 | -€26,867 | -5.0% |
| Equity | 10/15 | €441,680 | €414,772 | -€26,909 | -6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €342,463 | €315,554 | -€26,909 | -7.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €69,521 | €48,629 | -€20,892 | -30.1% |
| Distributable reserves | 133 | €272,942 | €266,925 | -€6,017 | -2.2% |
| Profit (loss) carried forward | 14 | €80,625 | €80,625 | = | 0.0% |
| Provisions and deferred taxes | 16 | €6,194 | €16,210 | +€10,016 | +161.7% |
| Deferred taxes | 168 | €6,194 | €16,210 | +€10,016 | +161.7% |
| Amounts payable | 17/49 | €88,432 | €78,457 | -€9,974 | -11.3% |
| Amounts payable after more than one year | 17 | €44,925 | €11,407 | -€33,518 | -74.6% |
| Financial debts | 170/4 | €44,925 | €11,407 | -€33,518 | -74.6% |
| Amounts payable within one year | 42/48 | €43,507 | €67,050 | +€23,544 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €32,815 | €33,518 | +€702 | +2.1% |
| Trade debts | 44 | €2,502 | €332 | -€2,170 | -86.7% |
| Suppliers | 440/4 | €2,502 | €332 | -€2,170 | -86.7% |
| Taxes, remuneration and social security | 45 | €5,658 | €3,017 | -€2,641 | -46.7% |
| Taxes | 450/3 | €5,658 | €3,017 | -€2,641 | -46.7% |
| Other amounts payable | 47/48 | €2,530 | €30,184 | +€27,653 | +1092.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,857 | €29,211 | -€2,646 | -8.3% |
| Other operating charges | 640/8 | €3,629 | €4,142 | +€512 | +14.1% |
| Gross operating margin | 9900 | €72,110 | €72,668 | +€557 | +0.8% |
| Operating profit (loss) | 9901 | €36,623 | €39,315 | +€2,692 | +7.3% |
| Financial income | 75/76B | €6,029 | €4,807 | -€1,222 | -20.3% |
| Recurring financial income | 75 | €6,029 | €4,807 | -€1,222 | -20.3% |
| Financial charges | 65/66B | €3,173 | €1,669 | -€1,504 | -47.4% |
| Recurring financial charges | 65 | €3,173 | €1,669 | -€1,504 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €39,480 | €42,453 | +€2,974 | +7.5% |
| Transfer from deferred taxes | 780 | €2,719 | €2,719 | = | 0.0% |
| Income taxes | 67/77 | €15,222 | €16,420 | +€1,198 | +7.9% |
| Profit (loss) for the period | 9904 | €26,977 | €28,752 | +€1,775 | +6.6% |
| Transfer from tax-exempt reserves | 789 | €8,157 | €8,157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,134 | €36,909 | +€1,775 | +5.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.