MONUS: 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.
MONUS
Largest movements
- Receivables after one year +€1.2m
up €1.2m (+24.7%), from €5.1m to €6.3m
- Current investments -€1.2m
down €1.2m (-39.1%), from €3.0m to €1.8m
- Receivables within one year +€396,844
up €396,844 (+83.1%), from €477,463 to €874,306
of which Other amounts receivable: +€259,640
- Cash +€152,302
up €152,302 (+8.5%), from €1.8m to €1.9m
mainly Other debts (+€1.3m) and Current investments (+€1.2m)
- Profit (loss) carried forward -€1.3m
down €1.3m (-65.4%), from €2.1m to €713,050
- Other debts +€1.3m
up €1.3m (+1703.5%), from €74,840 to €1.3m
- Reserves +€754,631
up €754,631 (+110.7%), from €681,388 to €1.4m
of which Distributable reserves: +€716,899
- Gross operating margin +€278,849
up €278,849, from -€137,840 to €141,009
- Financial income -€90,335
down €90,335 (-10.4%), from €869,273 to €778,937
- Taxes +€21,239
up €21,239 (+33.8%), from €62,929 to €84,168
- Financial charges +€10,801
up €10,801 (+802.3%), from €1,346 to €12,147
- Other operating charges +€3,729
up €3,729 (+48.4%), from €7,708 to €11,437
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 | €12,356,460 | €13,074,077 | +€717,617 | +5.8% |
| Fixed assets | 21/28 | €2,004,031 | €2,110,024 | +€105,992 | +5.3% |
| Tangible fixed assets | 22/27 | €285,055 | €391,047 | +€105,992 | +37.2% |
| Plant, machinery and equipment | 23 | €2,073 | €2,218 | +€144 | +7.0% |
| Furniture and vehicles | 24 | €100,849 | €137,325 | +€36,476 | +36.2% |
| Other tangible fixed assets | 26 | €182,132 | €251,504 | +€69,372 | +38.1% |
| Financial fixed assets | 28 | €1,718,977 | €1,718,977 | = | 0.0% |
| Current assets | 29/58 | €10,352,429 | €10,964,054 | +€611,624 | +5.9% |
| Amounts receivable after more than one year | 29 | €5,051,873 | €6,298,638 | +€1.2m | +24.7% |
| Other amounts receivable | 291 | €5,051,873 | €6,298,638 | +€1.2m | +24.7% |
| Amounts receivable within one year | 40/41 | €477,463 | €874,306 | +€396,844 | +83.1% |
| Trade receivables | 40 | €48,197 | €185,401 | +€137,204 | +284.7% |
| Other amounts receivable | 41 | €429,266 | €688,905 | +€259,640 | +60.5% |
| Current investments | 50/53 | €3,017,688 | €1,837,082 | -€1.2m | -39.1% |
| Cash at bank and in hand | 54/58 | €1,794,109 | €1,946,410 | +€152,302 | +8.5% |
| Deferred charges and accrued income | 490/1 | €11,297 | €7,617 | -€3,680 | -32.6% |
| Total equity and liabilities | 10/49 | €12,356,460 | €13,074,077 | +€717,617 | +5.8% |
| Equity | 10/15 | €12,200,974 | €11,605,871 | -€595,103 | -4.9% |
| Contributions | 10/11 | €9,456,803 | €9,456,803 | = | 0.0% |
| Capital | 10 | €9,456,803 | €9,456,803 | = | 0.0% |
| Issued capital | 100 | €9,456,803 | €9,456,803 | = | 0.0% |
| Reserves | 13 | €681,388 | €1,436,019 | +€754,631 | +110.7% |
| Non-distributable reserves | 130/1 | €108,936 | €146,667 | +€37,732 | +34.6% |
| Legal reserve | 130 | €108,936 | €146,667 | +€37,732 | +34.6% |
| Distributable reserves | 133 | €572,452 | €1,289,351 | +€716,899 | +125.2% |
| Profit (loss) carried forward | 14 | €2,062,783 | €713,050 | -€1.3m | -65.4% |
| Amounts payable | 17/49 | €155,486 | €1,468,206 | +€1.3m | +844.3% |
| Amounts payable within one year | 42/48 | €155,486 | €1,468,206 | +€1.3m | +844.3% |
| Trade debts | 44 | €29,583 | €43,286 | +€13,703 | +46.3% |
| Suppliers | 440/4 | €29,583 | €43,286 | +€13,703 | +46.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €51,063 | €75,187 | +€24,124 | +47.2% |
| Taxes | 450/3 | €51,063 | €75,187 | +€24,124 | +47.2% |
| Other amounts payable | 47/48 | €74,840 | €1,349,734 | +€1.3m | +1703.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,867 | €57,563 | +€696 | +1.2% |
| Other operating charges | 640/8 | €7,708 | €11,437 | +€3,729 | +48.4% |
| Gross operating margin | 9900 | -€137,840 | €141,009 | +€278,849 | |
| Operating profit (loss) | 9901 | -€202,416 | €72,009 | +€274,424 | |
| Financial income | 75/76B | €869,273 | €778,937 | -€90,335 | -10.4% |
| Recurring financial income | 75 | €869,273 | €778,937 | -€90,335 | -10.4% |
| Financial charges | 65/66B | €1,346 | €12,147 | +€10,801 | +802.3% |
| Recurring financial charges | 65 | €1,346 | €12,147 | +€10,801 | +802.3% |
| Profit (loss) for the period before taxes | 9903 | €665,511 | €838,799 | +€173,288 | +26.0% |
| Income taxes | 67/77 | €62,929 | €84,168 | +€21,239 | +33.8% |
| Profit (loss) for the period | 9904 | €602,581 | €754,631 | +€152,049 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €602,581 | €754,631 | +€152,049 | +25.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.