MONY: 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.
What changed
MONY
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
-€21,296
31-12-2024 · €32,395-€53,691
Equity
€5.1m
31-12-2024 · €5.2m-€86,482
Cash
€482,834
31-12-2024 · €258,812+€224,022
Balance sheet total
€6.4m
31-12-2024 · €6.5m-€115,894
Largest movements
Assets
- Cash +€224,022
up €224,022 (+86.6%), from €258,812 to €482,834
mainly Depreciation (+€494,530) and Receivables after one year (+€186,394)
- Receivables after one year -€186,394
down €186,394 (-13.6%), from €1.4m to €1.2m
- Intangible fixed assets -€147,224
down €147,224 (-20.0%), from €736,118 to €588,894
- Receivables within one year -€99,539
down €99,539 (-64.7%), from €153,829 to €54,290
of which Other amounts receivable: -€90,146
- Tangible fixed assets +€92,103
up €92,103 (+2.5%), from €3.7m to €3.8m
of which Plant, machinery and equipment: +€127,881
Equity and liabilities
- Debts after one year -€119,183
down €119,183 (-15.0%), from €796,998 to €677,815
of which Financial debts: -€123,383
- Reserves -€94,265
down €94,265 (-5.2%), from €1.8m to €1.7m
of which Tax-exempt reserves: -€94,265
Income statement
- Taxes +€23,440
up €23,440 (+104.5%), from €22,436 to €45,876
- Depreciation +€14,669
up €14,669 (+3.1%), from €479,861 to €494,530
- Gross operating margin -€9,262
down €9,262 (-1.5%), from €637,770 to €628,508
- Other operating charges +€8,339
up €8,339 (+15.0%), from €55,677 to €64,016
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
€32,395
Gross operating margin
-€9,262
Staff costs
-€5,566
Depreciation
-€14,669
Other operating charges
-€8,339
Other operating items
-€1,034
Financial income
+€3,345
Financial charges
+€1,559
Taxes
-€23,440
Deferred taxes and other
+€3,715
Result 31-12-2025
-€21,296
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€848,833
Investment
-€442,303
Financing
-€182,508
Cash 31-12-2024
€258,812
From operations (derived)
+€848,833
Net result for the year
-€21,296
Depreciation
+€494,530
Receivables after one year
+€186,394
Receivables within one year
+€99,539
Deferred charges and accrued income
+€1,756
Provisions
-€8,489
Trade debts
+€8,675
Tax, wage and social debts
+€32,002
Other debts
+€55,328
Accrued charges and deferred income
+€394
Investment (derived)
-€442,303
Investment in fixed assets (net)
-€439,409
Current investments
-€2,894
Financing
-€182,508
Debts after one year
-€119,183
Current portion of long-term debt
+€1,861
Contributions, distributions and other
-€65,186
Cash 31-12-2025
€482,834
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,505,561 | €6,389,667 | -€115,894 | -1.8% |
| Formation expenses | 20 | €3,676 | €3,676 | = | 0.0% |
| Fixed assets | 21/28 | €4,406,400 | €4,351,279 | -€55,121 | -1.3% |
| Intangible fixed assets | 21 | €736,118 | €588,894 | -€147,224 | -20.0% |
| Tangible fixed assets | 22/27 | €3,665,578 | €3,757,681 | +€92,103 | +2.5% |
| Land and buildings | 22 | €2,373,797 | €2,289,302 | -€84,495 | -3.6% |
| Plant, machinery and equipment | 23 | €1,284,666 | €1,412,547 | +€127,881 | +10.0% |
| Furniture and vehicles | 24 | €7,115 | €55,832 | +€48,717 | +684.7% |
| Financial fixed assets | 28 | €4,704 | €4,704 | = | 0.0% |
| Current assets | 29/58 | €2,095,485 | €2,034,712 | -€60,773 | -2.9% |
| Amounts receivable after more than one year | 29 | €1,368,176 | €1,181,782 | -€186,394 | -13.6% |
| Other amounts receivable | 291 | €1,368,176 | €1,181,782 | -€186,394 | -13.6% |
| Amounts receivable within one year | 40/41 | €153,829 | €54,290 | -€99,539 | -64.7% |
| Trade receivables | 40 | €18,875 | €9,482 | -€9,393 | -49.8% |
| Other amounts receivable | 41 | €134,954 | €44,808 | -€90,146 | -66.8% |
| Current investments | 50/53 | €301,337 | €304,231 | +€2,894 | +1.0% |
| Cash at bank and in hand | 54/58 | €258,812 | €482,834 | +€224,022 | +86.6% |
| Deferred charges and accrued income | 490/1 | €13,331 | €11,575 | -€1,756 | -13.2% |
| Total equity and liabilities | 10/49 | €6,505,561 | €6,389,667 | -€115,894 | -1.8% |
| Equity | 10/15 | €5,176,408 | €5,089,926 | -€86,482 | -1.7% |
| Contributions | 10/11 | €3,164,460 | €3,164,460 | = | 0.0% |
| Capital | 10 | €3,164,460 | €3,164,460 | = | 0.0% |
| Issued capital | 100 | €3,164,460 | €3,164,460 | = | 0.0% |
| Reserves | 13 | €1,829,291 | €1,735,026 | -€94,265 | -5.2% |
| Non-distributable reserves | 130/1 | €176,486 | €176,486 | = | 0.0% |
| Legal reserve | 130 | €176,486 | €176,486 | = | 0.0% |
| Tax-exempt reserves | 132 | €278,678 | €184,413 | -€94,265 | -33.8% |
| Distributable reserves | 133 | €1,374,127 | €1,374,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,657 | €190,440 | +€7,783 | +4.3% |
| Provisions and deferred taxes | 16 | €381,326 | €372,837 | -€8,489 | -2.2% |
| Provisions for liabilities and charges | 160/5 | €381,326 | €311,366 | -€69,960 | -18.3% |
| Other liabilities and charges | 164/5 | €381,326 | €311,366 | -€69,960 | -18.3% |
| Deferred taxes | 168 | - | €61,471 | +€61,471 | |
| Amounts payable | 17/49 | €947,827 | €926,904 | -€20,923 | -2.2% |
| Amounts payable after more than one year | 17 | €796,998 | €677,815 | -€119,183 | -15.0% |
| Financial debts | 170/4 | €744,916 | €621,533 | -€123,383 | -16.6% |
| Other amounts payable | 178/9 | €52,082 | €56,282 | +€4,200 | +8.1% |
| Amounts payable within one year | 42/48 | €140,086 | €237,952 | +€97,866 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | €121,522 | €123,383 | +€1,861 | +1.5% |
| Trade debts | 44 | €14,920 | €23,595 | +€8,675 | +58.1% |
| Suppliers | 440/4 | €14,920 | €23,595 | +€8,675 | +58.1% |
| Taxes, remuneration and social security | 45 | €3,644 | €35,646 | +€32,002 | +878.2% |
| Taxes | 450/3 | - | €4,635 | +€4,635 | |
| Remuneration and social security | 454/9 | €3,644 | €31,011 | +€27,367 | +751.0% |
| Other amounts payable | 47/48 | - | €55,328 | +€55,328 | |
| Accrued charges and deferred income | 492/3 | €10,743 | €11,137 | +€394 | +3.7% |
| Non-recurring operating income | 76A | €17,636 | - | -€17,636 | |
| Remuneration, social security and pensions | 62 | €53,630 | €59,196 | +€5,566 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479,861 | €494,530 | +€14,669 | +3.1% |
| Other operating charges | 640/8 | €55,677 | €64,016 | +€8,339 | +15.0% |
| Non-recurring operating charges | 66A | - | €1,034 | +€1,034 | |
| Gross operating margin | 9900 | €637,770 | €628,508 | -€9,262 | -1.5% |
| Operating profit (loss) | 9901 | €48,602 | €9,732 | -€38,870 | -80.0% |
| Financial income | 75/76B | €22,040 | €25,385 | +€3,345 | +15.2% |
| Recurring financial income | 75 | €22,040 | €25,385 | +€3,345 | +15.2% |
| Financial charges | 65/66B | €15,811 | €14,252 | -€1,559 | -9.9% |
| Recurring financial charges | 65 | €15,811 | €14,252 | -€1,559 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €54,831 | €20,865 | -€33,966 | -61.9% |
| Transfer from deferred taxes | 780 | - | €3,715 | +€3,715 | |
| Income taxes | 67/77 | €22,436 | €45,876 | +€23,440 | +104.5% |
| Profit (loss) for the period | 9904 | €32,395 | -€21,296 | -€53,691 | |
| Transfer from tax-exempt reserves | 789 | €14,860 | €29,079 | +€14,219 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,255 | €7,783 | -€39,472 | -83.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.