MONVILLE ETS: what changed
What changed
MONVILLE ETS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€15,230
2024 · €26,706-€11,477
Equity
€506,370
2024 · €491,141+€15,230
Cash
€358,716
2024 · €363,965-€5,250
Balance sheet total
€577,377
2024 · €535,680+€41,696
Largest movements
Assets
- Tangible fixed assets +€59,103
up €59,103 (+101%), from €58,652 to €117,755
of which Furniture and vehicles: +€64,320
- Stocks and contracts -€12,264
down €12,264 (-18.7%), from €65,471 to €53,207
Equity and liabilities
- Profit (loss) carried forward +€66,092
up €66,092 (+48.5%), from -€136,323 to -€70,230
- Reserves -€50,863
down €50,863 (-22.3%), from €227,890 to €177,027
of which Distributable reserves: -€221,692
- Debts after one year +€29,862
new in 2025: €29,862
- Current portion of long-term debt +€11,364
new in 2025: €11,364
- Trade debts +€10,260
up €10,260 (+137%), from €7,500 to €17,760
Income statement
- Depreciation +€20,836
up €20,836 (+290%), from €7,191 to €28,027
- Provisions -€10,888
down €10,888, from €1,346 to -€9,542
- Other operating charges +€8,822
up €8,822 (+1,025%), from €860 to €9,683
- Taxes -€6,107
down €6,107 (-51.8%), from €11,779 to €5,672
- Financial income +€1,933
up €1,933 (+120%), from €1,610 to €3,543
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,706
Gross operating margin
+€375
Depreciation
-€20,836
Provisions
+€10,888
Other operating charges
-€8,822
Other operating items
-€274
Financial income
+€1,933
Financial charges
-€847
Taxes
+€6,107
Result 2025
€15,230
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,519
Investment
-€88,435
Financing
+€38,667
Cash 2024
€363,965
From operations (derived)
+€44,519
Net result for the year
+€15,230
Depreciation
+€28,027
Stocks and contracts
+€12,264
Receivables within one year
-€3,375
Deferred charges and accrued income
+€4,573
Provisions
-€9,542
Trade debts
+€10,260
Tax, wage and social debts
-€4,339
Other debts
-€8,580
Accrued charges and deferred income
-€0
Investment (derived)
-€88,435
Investment in fixed assets (net)
-€88,435
Financing
+€38,667
Debts after one year
+€29,862
Current portion of long-term debt
+€11,364
Short-term financial debts
-€2,558
Cash 2025
€358,716
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €535,680 | €577,377 | +€41,696 | +7.8% |
| Fixed assets | 21/28 | €58,652 | €119,060 | +€60,408 | +103% |
| Intangible fixed assets | 21 | - | €1,305 | +€1,305 | |
| Tangible fixed assets | 22/27 | €58,652 | €117,755 | +€59,103 | +101% |
| Land and buildings | 22 | €11,155 | €11,155 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €24,091 | €14,535 | -€9,556 | -39.7% |
| Furniture and vehicles | 24 | €782 | €65,102 | +€64,320 | +8,222% |
| Other tangible fixed assets | 26 | €22,623 | €26,962 | +€4,339 | +19.2% |
| Current assets | 29/58 | €477,029 | €458,317 | -€18,712 | -3.9% |
| Stocks and contracts in progress | 3 | €65,471 | €53,207 | -€12,264 | -18.7% |
| Stocks | 30/36 | €65,471 | €53,207 | -€12,264 | -18.7% |
| Amounts receivable within one year | 40/41 | €40,121 | €43,496 | +€3,375 | +8.4% |
| Trade receivables | 40 | €26,524 | €35,638 | +€9,114 | +34.4% |
| Other amounts receivable | 41 | €13,598 | €7,859 | -€5,739 | -42.2% |
| Cash at bank and in hand | 54/58 | €363,965 | €358,716 | -€5,250 | -1.4% |
| Deferred charges and accrued income | 490/1 | €7,471 | €2,898 | -€4,573 | -61.2% |
| Total equity and liabilities | 10/49 | €535,680 | €577,377 | +€41,696 | +7.8% |
| Equity | 10/15 | €491,141 | €506,370 | +€15,230 | +3.1% |
| Contributions | 10/11 | €399,573 | €399,573 | = | 0.0% |
| Capital | 10 | €399,573 | €399,573 | = | 0.0% |
| Issued capital | 100 | €399,573 | €399,573 | = | 0.0% |
| Reserves | 13 | €227,890 | €177,027 | -€50,863 | -22.3% |
| Non-distributable reserves | 130/1 | €6,197 | €177,027 | +€170,830 | +2,756% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €170,830 | +€170,830 | |
| Distributable reserves | 133 | €221,692 | - | -€221,692 | |
| Profit (loss) carried forward | 14 | -€136,323 | -€70,230 | +€66,092 | +48.5% |
| Provisions and deferred taxes | 16 | €9,542 | - | -€9,542 | |
| Provisions for liabilities and charges | 160/5 | €9,542 | - | -€9,542 | |
| Other liabilities and charges | 164/5 | €9,542 | - | -€9,542 | |
| Amounts payable | 17/49 | €34,998 | €71,006 | +€36,009 | +103% |
| Amounts payable after more than one year | 17 | - | €29,862 | +€29,862 | |
| Financial debts | 170/4 | - | €29,862 | +€29,862 | |
| Amounts payable within one year | 42/48 | €34,997 | €41,145 | +€6,147 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,364 | +€11,364 | |
| Financial debts | 43 | €2,558 | - | -€2,558 | |
| Credit institutions | 430/8 | €2,558 | - | -€2,558 | |
| Trade debts | 44 | €7,500 | €17,760 | +€10,260 | +137% |
| Suppliers | 440/4 | €7,500 | €17,760 | +€10,260 | +137% |
| Taxes, remuneration and social security | 45 | €4,339 | - | -€4,339 | |
| Taxes | 450/3 | €4,339 | - | -€4,339 | |
| Other amounts payable | 47/48 | €20,600 | €12,020 | -€8,580 | -41.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Non-recurring operating income | 76A | - | €2,629 | +€2,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,191 | €28,027 | +€20,836 | +290% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,346 | -€9,542 | -€10,888 | |
| Other operating charges | 640/8 | €860 | €9,683 | +€8,822 | +1,025% |
| Non-recurring operating charges | 66A | - | €274 | +€274 | |
| Gross operating margin | 9900 | €47,115 | €47,490 | +€375 | +0.8% |
| Operating profit (loss) | 9901 | €37,718 | €19,048 | -€18,669 | -49.5% |
| Financial income | 75/76B | €1,610 | €3,543 | +€1,933 | +120% |
| Recurring financial income | 75 | €1,610 | €3,543 | +€1,933 | +120% |
| Financial charges | 65/66B | €843 | €1,690 | +€847 | +101% |
| Recurring financial charges | 65 | €843 | €1,690 | +€847 | +101% |
| Profit (loss) for the period before taxes | 9903 | €38,485 | €20,902 | -€17,584 | -45.7% |
| Income taxes | 67/77 | €11,779 | €5,672 | -€6,107 | -51.8% |
| Profit (loss) for the period | 9904 | €26,706 | €15,230 | -€11,477 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,706 | €15,230 | -€11,477 | -43.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.