Monzo: 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.
Monzo
Largest movements
- Current investments +€25,000
up €25,000 (+29.4%), from €85,000 to €110,000
- Tangible fixed assets -€1,985
down €1,985 (-47.1%), from €4,211 to €2,226
- Cash -€1,418
down €1,418 (-8.9%), from €15,845 to €14,427
mainly Current investments (-€25,000) and Tax, wage and social debts (-€514)
- Reserves +€20,460
up €20,460 (+19.8%), from €103,277 to €123,737
- Taxes +€9,557
up €9,557 (+101.1%), from €9,451 to €19,008
- Financial income +€2,629
new in 2024: €2,629
- Depreciation -€917
down €917 (-29.3%), from €3,133 to €2,216
- Turnover +€805
up €805 (+2.0%), from €41,240 to €42,045
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,337 | €127,451 | +€20,114 | +18.7% |
| Formation expenses | 20 | €232 | - | -€232 | |
| Fixed assets | 21/28 | €4,211 | €2,226 | -€1,985 | -47.1% |
| Tangible fixed assets | 22/27 | €4,211 | €2,226 | -€1,985 | -47.1% |
| Plant, machinery and equipment | 23 | €4,211 | €2,226 | -€1,985 | -47.1% |
| Current assets | 29/58 | €102,894 | €125,225 | +€22,331 | +21.7% |
| Amounts receivable within one year | 40/41 | €2,049 | €798 | -€1,251 | -61.1% |
| Other amounts receivable | 41 | €2,049 | €798 | -€1,251 | -61.1% |
| Current investments | 50/53 | €85,000 | €110,000 | +€25,000 | +29.4% |
| Cash at bank and in hand | 54/58 | €15,845 | €14,427 | -€1,418 | -8.9% |
| Total equity and liabilities | 10/49 | €107,337 | €127,451 | +€20,114 | +18.7% |
| Equity | 10/15 | €104,777 | €125,237 | +€20,460 | +19.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €103,277 | €123,737 | +€20,460 | +19.8% |
| Distributable reserves | 133 | €103,277 | €123,737 | +€20,460 | +19.8% |
| Amounts payable | 17/49 | €2,560 | €2,214 | -€346 | -13.5% |
| Amounts payable within one year | 42/48 | €2,560 | €2,214 | -€346 | -13.5% |
| Taxes, remuneration and social security | 45 | €2,560 | €2,046 | -€514 | -20.1% |
| Taxes | 450/3 | €2,560 | €2,046 | -€514 | -20.1% |
| Other amounts payable | 47/48 | - | €168 | +€168 | |
| Turnover | 70 | €41,240 | €42,045 | +€805 | +2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,040 | €2,412 | +€372 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,133 | €2,216 | -€917 | -29.3% |
| Other operating charges | 640/8 | €531 | €531 | = | 0.0% |
| Non-recurring operating charges | 66A | €520 | - | -€520 | |
| Gross operating margin | 9900 | €39,272 | €39,631 | +€359 | +0.9% |
| Operating profit (loss) | 9901 | €35,088 | €36,884 | +€1,796 | +5.1% |
| Financial income | 75/76B | - | €2,629 | +€2,629 | |
| Recurring financial income | 75 | - | €2,629 | +€2,629 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €35,043 | €39,468 | +€4,425 | +12.6% |
| Income taxes | 67/77 | €9,451 | €19,008 | +€9,557 | +101.1% |
| Profit (loss) for the period | 9904 | €25,592 | €20,460 | -€5,132 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,592 | €20,460 | -€5,132 | -20.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.