Monument Immo 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.
What changed
Monument Immo Management
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€14.4m
2024 · €13.6m-€28.0m
Equity
€348.3m
2024 · €397.7m-€49.4m
Cash
€3.8m
2024 · €4.0m-€197,862
Balance sheet total
€393.4m
2024 · €486.6m-€93.2m
Largest movements
Assets
- Tangible fixed assets -€37.4m
down €37.4m (-78.2%), from €47.8m to €10.4m
of which Other tangible fixed assets: -€31.9m
- Current investments -€37.3m
down €37.3m (-61.1%), from €61.1m to €23.8m
- Receivables after one year -€18.1m
down €18.1m (-10.1%), from €179.3m to €161.2m
- Financial fixed assets +€6.8m
up €6.8m (+5.4%), from €127.5m to €134.3m
- Receivables within one year -€6.2m
down €6.2m (-9.8%), from €63.2m to €57.0m
of which Other amounts receivable: -€7.8m
Equity and liabilities
- Other debts -€43.8m
down €43.8m (-65.4%), from €67.0m to €23.2m
- Contributions -€35.0m
down €35.0m (-8.8%), from €395.5m to €360.5m
- Profit (loss) carried forward -€14.4m
new in 2025: -€14.4m
Income statement
- Financial charges +€34.3m
up €34.3m (+404%), from €8.5m to €42.7m
of which Non-recurring financial charges: +€36.2m
- Financial income +€12.2m
up €12.2m (+53.1%), from €23.0m to €35.3m
of which Financial income: +€16.1m
- Services and other goods +€2.5m
up €2.5m (+59.3%), from €4.2m to €6.7m
- Turnover -€1.8m
down €1.8m (-25.7%), from €6.8m to €5.1m
- Depreciation +€1.7m
up €1.7m (+211%), from €810,677 to €2.5m
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.
Result 2024
€13.6m
Turnover
-€1.8m
Other operating income
-€208,729
Services and other goods
-€2.5m
Staff costs
+€647,161
Depreciation
-€1.7m
Write-downs
+€560,700
Provisions
-€974,951
Other operating charges
+€764,520
Other operating items
-€2.2m
Financial income
+€12.2m
Financial charges
-€34.3m
Taxes
+€1.3m
Result 2025
-€14.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€28.7m
Investment
+€65.3m
Financing
-€36.8m
Cash 2024
€4.0m
From operations (derived)
-€28.7m
Net result for the year
-€14.4m
Depreciation
+€2.5m
Receivables after one year
+€18.1m
Receivables within one year
+€6.2m
Deferred charges and accrued income
+€795,830
Provisions
+€773,500
Trade debts
+€2.9m
Tax, wage and social debts
-€1.3m
Other debts
-€43.8m
Accrued charges and deferred income
-€458,613
Investment (derived)
+€65.3m
Investment in fixed assets (net)
+€28.1m
Current investments
+€37.3m
Financing
-€36.8m
Debts after one year
-€1.9m
Current portion of long-term debt
+€94,192
Contributions, distributions and other
-€35.0m
Cash 2025
€3.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,564,917 | €393,407,518 | -€93.2m | -19.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €175,352,799 | €144,775,377 | -€30.6m | -17.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €47,839,110 | €10,435,927 | -€37.4m | -78.2% |
| Land and buildings | 22 | €8,275,387 | €2,340,409 | -€5.9m | -71.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,078 | €762 | -€315 | -29.3% |
| Other tangible fixed assets | 26 | €39,562,645 | €7,662,721 | -€31.9m | -80.6% |
| Assets under construction and advance payments | 27 | €0 | €432,035 | +€432,035 | |
| Financial fixed assets | 28 | €127,513,689 | €134,339,450 | +€6.8m | +5.4% |
| Affiliated companies | 280/1 | €127,513,689 | €134,339,450 | +€6.8m | +5.4% |
| Participating interests | 280 | €127,513,689 | €134,339,450 | +€6.8m | +5.4% |
| Current assets | 29/58 | €311,212,118 | €248,632,141 | -€62.6m | -20.1% |
| Amounts receivable after more than one year | 29 | €179,347,882 | €161,224,405 | -€18.1m | -10.1% |
| Trade receivables | 290 | €179,347,882 | €161,224,405 | -€18.1m | -10.1% |
| Amounts receivable within one year | 40/41 | €63,205,570 | €57,028,870 | -€6.2m | -9.8% |
| Trade receivables | 40 | €40,260,451 | €41,910,103 | +€1.6m | +4.1% |
| Other amounts receivable | 41 | €22,945,118 | €15,118,767 | -€7.8m | -34.1% |
| Current investments | 50/53 | €61,065,811 | €23,779,700 | -€37.3m | -61.1% |
| Other investments | 51/53 | €61,065,811 | €23,779,700 | -€37.3m | -61.1% |
| Cash at bank and in hand | 54/58 | €3,999,991 | €3,802,129 | -€197,862 | -4.9% |
| Deferred charges and accrued income | 490/1 | €3,592,865 | €2,797,036 | -€795,830 | -22.2% |
| Total equity and liabilities | 10/49 | €486,564,917 | €393,407,518 | -€93.2m | -19.1% |
| Equity | 10/15 | €397,735,225 | €348,291,232 | -€49.4m | -12.4% |
| Contributions | 10/11 | €395,491,474 | €360,491,474 | -€35.0m | -8.8% |
| Capital | 10 | €395,491,474 | €360,491,474 | -€35.0m | -8.8% |
| Issued capital | 100 | €395,491,474 | €360,491,474 | -€35.0m | -8.8% |
| Reserves | 13 | €2,243,750 | €2,243,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,243,750 | €2,243,750 | = | 0.0% |
| Legal reserve | 130 | €2,243,750 | €2,243,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,443,993 | -€14.4m | |
| Provisions and deferred taxes | 16 | €414,219 | €1,187,719 | +€773,500 | +187% |
| Provisions for liabilities and charges | 160/5 | €414,219 | €1,187,719 | +€773,500 | +187% |
| Pensions and similar obligations | 160 | €7,740 | €0 | -€7,740 | -100% |
| Environmental obligations | 163 | €406,479 | €1,187,719 | +€781,240 | +192% |
| Amounts payable | 17/49 | €88,415,474 | €43,928,567 | -€44.5m | -50.3% |
| Amounts payable after more than one year | 17 | €14,759,793 | €12,866,375 | -€1.9m | -12.8% |
| Financial debts | 170/4 | €14,759,793 | €12,866,375 | -€1.9m | -12.8% |
| Credit institutions | 173 | €14,759,793 | €12,866,375 | -€1.9m | -12.8% |
| Amounts payable within one year | 42/48 | €72,890,980 | €30,756,105 | -€42.1m | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €1,799,226 | €1,893,418 | +€94,192 | +5.2% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,668,702 | €5,567,911 | +€2.9m | +109% |
| Suppliers | 440/4 | €2,668,702 | €5,567,911 | +€2.9m | +109% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,407,327 | €122,008 | -€1.3m | -91.3% |
| Taxes | 450/3 | €1,248,653 | €122,008 | -€1.1m | -90.2% |
| Remuneration and social security | 454/9 | €158,674 | €0 | -€158,674 | -100% |
| Other amounts payable | 47/48 | €67,015,724 | €23,172,767 | -€43.8m | -65.4% |
| Accrued charges and deferred income | 492/3 | €764,701 | €306,088 | -€458,613 | -60.0% |
| Operating income | 70/76A | €15,876,946 | €8,685,971 | -€7.2m | -45.3% |
| Turnover | 70 | €6,844,726 | €5,083,537 | -€1.8m | -25.7% |
| Other operating income | 74 | €1,263,923 | €1,055,194 | -€208,729 | -16.5% |
| Non-recurring operating income | 76A | €7,768,298 | €2,547,240 | -€5.2m | -67.2% |
| Operating charges | 60/66A | €14,398,331 | €14,553,283 | +€154,952 | +1.1% |
| Services and other goods | 61 | €4,204,528 | €6,699,784 | +€2.5m | +59.3% |
| Remuneration, social security and pensions | 62 | €733,494 | €86,332 | -€647,161 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810,677 | €2,521,548 | +€1.7m | +211% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,777,323 | €3,216,623 | -€560,700 | -14.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€201,451 | €773,500 | +€974,951 | |
| Other operating charges | 640/8 | €1,286,415 | €521,895 | -€764,520 | -59.4% |
| Non-recurring operating charges | 66A | €3,787,346 | €733,600 | -€3.1m | -80.6% |
| Operating profit (loss) | 9901 | €1,478,615 | -€5,867,312 | -€7.3m | |
| Financial income | 75/76B | €23,046,547 | €35,280,859 | +€12.2m | +53.1% |
| Recurring financial income | 75 | €12,436,565 | €28,582,802 | +€16.1m | +130% |
| Income from financial fixed assets | 750 | - | €19,036,365 | +€19.0m | |
| Income from current assets | 751 | €12,435,680 | €9,544,497 | -€2.9m | -23.2% |
| Other financial income | 752/9 | €885 | €1,941 | +€1,056 | +119% |
| Non-recurring financial income | 76B | €10,609,982 | €6,698,057 | -€3.9m | -36.9% |
| Financial charges | 65/66B | €8,473,742 | €42,735,541 | +€34.3m | +404% |
| Recurring financial charges | 65 | €3,111,137 | €1,194,853 | -€1.9m | -61.6% |
| Debt charges | 650 | €2,974,411 | €1,186,943 | -€1.8m | -60.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€413,573 | - | +€413,573 | |
| Other financial charges | 652/9 | €550,299 | €7,910 | -€542,389 | -98.6% |
| Non-recurring financial charges | 66B | €5,362,605 | €41,540,688 | +€36.2m | +675% |
| Profit (loss) for the period before taxes | 9903 | €16,051,419 | -€13,321,993 | -€29.4m | |
| Income taxes | 67/77 | €2,470,187 | €1,122,000 | -€1.3m | -54.6% |
| Taxes | 670/3 | €2,781,000 | €1,122,000 | -€1.7m | -59.7% |
| Tax adjustments and reversals of tax provisions | 77 | €310,813 | €0 | -€310,813 | -100.0% |
| Profit (loss) for the period | 9904 | €13,581,232 | -€14,443,993 | -€28.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €13,581,232 | -€14,443,993 | -€28.0m |
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 17 October 2026 via checked.be.