MONUS REAL ESTATE: 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
MONUS REAL ESTATE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€194,176
2024 · €394,932-€200,756
Equity
€1.0m
2024 · €811,502+€194,176
Cash
€56,904
2024 · €54,071+€2,833
Balance sheet total
€2.4m
2024 · €2.2m+€163,275
Largest movements
Assets
- Tangible fixed assets +€177,746
up €177,746 (+8.6%), from €2.1m to €2.2m
of which Assets under construction and advance payments: +€1.3m
Equity and liabilities
- Profit (loss) carried forward +€193,176
up €193,176, from -€188,498 to €4,679
- Trade debts -€35,191
down €35,191 (-75.0%), from €46,916 to €11,725
Income statement
- Gross operating margin -€262,307
down €262,307 (-51.3%), from €511,799 to €249,492
- Depreciation -€40,062
down €40,062 (-62.6%), from €63,992 to €23,930
- Financial charges -€14,452
down €14,452 (-42.7%), from €33,883 to €19,431
- Other operating charges -€12,105
down €12,105 (-63.7%), from €18,992 to €6,887
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
€394,932
Gross operating margin
-€262,307
Depreciation
+€40,062
Other operating charges
+€12,105
Other operating items
-€3,000
Financial charges
+€14,452
Taxes
-€2,067
Result 2025
€194,176
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
+€201,850
Investment
-€187,115
Financing
-€11,901
Cash 2024
€54,071
From operations (derived)
+€201,850
Net result for the year
+€194,176
Depreciation
+€23,930
Receivables within one year
+€1,742
Deferred charges and accrued income
+€1,001
Trade debts
-€35,191
Tax, wage and social debts
+€2,067
Other debts
+€15,421
Accrued charges and deferred income
-€1,297
Investment (derived)
-€187,115
Investment in fixed assets (net)
-€187,115
Financing
-€11,901
Debts after one year
-€12,984
Current portion of long-term debt
+€1,082
Cash 2025
€56,904
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,223,399 | €2,386,674 | +€163,275 | +7.3% |
| Fixed assets | 21/28 | €2,151,055 | €2,314,240 | +€163,185 | +7.6% |
| Intangible fixed assets | 21 | €81,134 | €67,073 | -€14,061 | -17.3% |
| Tangible fixed assets | 22/27 | €2,069,420 | €2,247,167 | +€177,746 | +8.6% |
| Land and buildings | 22 | €2,063,555 | €953,147 | -€1.1m | -53.8% |
| Plant, machinery and equipment | 23 | €2,355 | €1,615 | -€740 | -31.4% |
| Furniture and vehicles | 24 | €3,510 | €1,981 | -€1,529 | -43.6% |
| Assets under construction and advance payments | 27 | - | €1,290,423 | +€1.3m | |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €72,344 | €72,434 | +€89 | +0.1% |
| Amounts receivable within one year | 40/41 | €3,576 | €1,834 | -€1,742 | -48.7% |
| Trade receivables | 40 | €576 | €1,834 | +€1,258 | +218% |
| Other amounts receivable | 41 | €3,000 | €0 | -€3,000 | -100% |
| Cash at bank and in hand | 54/58 | €54,071 | €56,904 | +€2,833 | +5.2% |
| Deferred charges and accrued income | 490/1 | €14,698 | €13,696 | -€1,001 | -6.8% |
| Total equity and liabilities | 10/49 | €2,223,399 | €2,386,674 | +€163,275 | +7.3% |
| Equity | 10/15 | €811,502 | €1,005,679 | +€194,176 | +23.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | - | €1,000 | +€1,000 | |
| Non-distributable reserves | 130/1 | - | €1,000 | +€1,000 | |
| Legal reserve | 130 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | -€188,498 | €4,679 | +€193,176 | |
| Amounts payable | 17/49 | €1,411,896 | €1,380,995 | -€30,902 | -2.2% |
| Amounts payable after more than one year | 17 | €1,282,753 | €1,269,769 | -€12,984 | -1.0% |
| Financial debts | 170/4 | €1,282,753 | €1,269,769 | -€12,984 | -1.0% |
| Amounts payable within one year | 42/48 | €127,846 | €111,226 | -€16,620 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €77,938 | €79,020 | +€1,082 | +1.4% |
| Trade debts | 44 | €46,916 | €11,725 | -€35,191 | -75.0% |
| Suppliers | 440/4 | €46,916 | €11,725 | -€35,191 | -75.0% |
| Taxes, remuneration and social security | 45 | - | €2,067 | +€2,067 | |
| Taxes | 450/3 | - | €2,067 | +€2,067 | |
| Other amounts payable | 47/48 | €2,992 | €18,413 | +€15,421 | +515% |
| Accrued charges and deferred income | 492/3 | €1,297 | €0 | -€1,297 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,992 | €23,930 | -€40,062 | -62.6% |
| Other operating charges | 640/8 | €18,992 | €6,887 | -€12,105 | -63.7% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €511,799 | €249,492 | -€262,307 | -51.3% |
| Operating profit (loss) | 9901 | €428,815 | €215,675 | -€213,140 | -49.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €33,883 | €19,431 | -€14,452 | -42.7% |
| Recurring financial charges | 65 | €33,883 | €19,431 | -€14,452 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €394,932 | €196,243 | -€198,688 | -50.3% |
| Income taxes | 67/77 | - | €2,067 | +€2,067 | |
| Profit (loss) for the period | 9904 | €394,932 | €194,176 | -€200,756 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €394,932 | €194,176 | -€200,756 | -50.8% |
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 1 November 2026 via checked.be.