MONZA - TRANS: 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.
MONZA - TRANS
Largest movements
- Cash +€155,011
up €155,011 (+120.3%), from €128,818 to €283,828
mainly Depreciation (+€137,662) and Net result for the year (+€125,830)
- Receivables after one year -€115,000
down €115,000 (-36.5%), from €315,000 to €200,000
- Tangible fixed assets +€89,168
up €89,168 (+42.9%), from €207,905 to €297,073
of which Leasing and similar rights: +€184,320
- Receivables within one year +€53,779
up €53,779 (+37.0%), from €145,264 to €199,043
of which Trade receivables: +€54,239
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Debts after one year +€67,680
up €67,680 (+41.5%), from €163,094 to €230,774
- Trade debts +€35,833
up €35,833 (+35.5%), from €100,938 to €136,770
- Current portion of long-term debt +€21,844
up €21,844 (+26.4%), from €82,745 to €104,588
- Tax, wage and social debts +€21,305
up €21,305 (+70.0%), from €30,416 to €51,721
of which Taxes: +€11,025
- Gross operating margin -€309,322
down €309,322 (-38.4%), from €804,825 to €495,503
- Staff costs -€82,370
down €82,370 (-30.1%), from €273,222 to €190,852
- Depreciation -€78,398
down €78,398 (-36.3%), from €216,060 to €137,662
- Other operating charges -€62,206
down €62,206 (-94.2%), from €66,063 to €3,857
- Taxes -€23,514
down €23,514 (-47.4%), from €49,644 to €26,130
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 | €870,322 | €1,006,453 | +€136,131 | +15.6% |
| Fixed assets | 21/28 | €208,155 | €297,323 | +€89,168 | +42.8% |
| Tangible fixed assets | 22/27 | €207,905 | €297,073 | +€89,168 | +42.9% |
| Plant, machinery and equipment | 23 | €1,630 | €1,073 | -€557 | -34.2% |
| Furniture and vehicles | 24 | €205,307 | €111,680 | -€93,627 | -45.6% |
| Leasing and similar rights | 25 | €0 | €184,320 | +€184,320 | |
| Other tangible fixed assets | 26 | €969 | €0 | -€969 | -100.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €662,167 | €709,130 | +€46,963 | +7.1% |
| Amounts receivable after more than one year | 29 | €315,000 | €200,000 | -€115,000 | -36.5% |
| Other amounts receivable | 291 | €315,000 | €200,000 | -€115,000 | -36.5% |
| Amounts receivable within one year | 40/41 | €145,264 | €199,043 | +€53,779 | +37.0% |
| Trade receivables | 40 | €140,996 | €195,235 | +€54,239 | +38.5% |
| Other amounts receivable | 41 | €4,268 | €3,808 | -€460 | -10.8% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €128,818 | €283,828 | +€155,011 | +120.3% |
| Deferred charges and accrued income | 490/1 | €23,086 | €26,259 | +€3,173 | +13.7% |
| Total equity and liabilities | 10/49 | €870,322 | €1,006,453 | +€136,131 | +15.6% |
| Equity | 10/15 | €469,332 | €460,162 | -€9,170 | -2.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €450,250 | €441,313 | -€8,938 | -2.0% |
| Tax-exempt reserves | 132 | €9,750 | €18,313 | +€8,563 | +87.8% |
| Distributable reserves | 133 | €440,500 | €423,000 | -€17,500 | -4.0% |
| Profit (loss) carried forward | 14 | €490 | €257 | -€233 | -47.5% |
| Provisions and deferred taxes | 16 | €3,250 | €2,438 | -€813 | -25.0% |
| Deferred taxes | 168 | €3,250 | €2,438 | -€813 | -25.0% |
| Amounts payable | 17/49 | €397,740 | €543,854 | +€146,114 | +36.7% |
| Amounts payable after more than one year | 17 | €163,094 | €230,774 | +€67,680 | +41.5% |
| Financial debts | 170/4 | €163,094 | €230,774 | +€67,680 | +41.5% |
| Amounts payable within one year | 42/48 | €231,798 | €313,080 | +€81,281 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €82,745 | €104,588 | +€21,844 | +26.4% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €100,938 | €136,770 | +€35,833 | +35.5% |
| Suppliers | 440/4 | €100,938 | €136,770 | +€35,833 | +35.5% |
| Taxes, remuneration and social security | 45 | €30,416 | €51,721 | +€21,305 | +70.0% |
| Taxes | 450/3 | €21,110 | €32,135 | +€11,025 | +52.2% |
| Remuneration and social security | 454/9 | €9,306 | €19,586 | +€10,280 | +110.5% |
| Other amounts payable | 47/48 | €17,700 | €20,000 | +€2,300 | +13.0% |
| Accrued charges and deferred income | 492/3 | €2,847 | €0 | -€2,847 | -100.0% |
| Non-recurring operating income | 76A | €16,250 | €11,000 | -€5,250 | -32.3% |
| Remuneration, social security and pensions | 62 | €273,222 | €190,852 | -€82,370 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,060 | €137,662 | -€78,398 | -36.3% |
| Other operating charges | 640/8 | €66,063 | €3,857 | -€62,206 | -94.2% |
| Non-recurring operating charges | 66A | €14,410 | €1,610 | -€12,799 | -88.8% |
| Gross operating margin | 9900 | €804,825 | €495,503 | -€309,322 | -38.4% |
| Operating profit (loss) | 9901 | €235,071 | €161,522 | -€73,549 | -31.3% |
| Financial income | 75/76B | €16,625 | €8,536 | -€8,089 | -48.7% |
| Recurring financial income | 75 | €16,625 | €8,536 | -€8,089 | -48.7% |
| Financial charges | 65/66B | €29,278 | €18,911 | -€10,367 | -35.4% |
| Recurring financial charges | 65 | €29,278 | €18,911 | -€10,367 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €222,418 | €151,147 | -€71,270 | -32.0% |
| Transfer from deferred taxes | 780 | €813 | €813 | = | 0.0% |
| Transfer to deferred taxes | 680 | €4,063 | €0 | -€4,063 | -100.0% |
| Income taxes | 67/77 | €49,644 | €26,130 | -€23,514 | -47.4% |
| Profit (loss) for the period | 9904 | €169,524 | €125,830 | -€43,694 | -25.8% |
| Transfer from tax-exempt reserves | 789 | €2,438 | €2,438 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €12,188 | €11,000 | -€1,188 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €159,774 | €117,267 | -€42,507 | -26.6% |
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 10 October 2026 via checked.be.