NEW MONAL: 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.
NEW MONAL
Largest movements
- Tangible fixed assets -€20,766
down €20,766 (-4.5%), from €456,697 to €435,931
of which Land and buildings: -€20,932
- Cash +€15,250
up €15,250 (+17.9%), from €85,055 to €100,305
mainly Depreciation (+€25,476) and Trade debts (+€3,248)
- Profit (loss) carried forward -€6,616
down €6,616 (-106.3%), from -€6,226 to -€12,842
- Gross operating margin -€1,286
down €1,286 (-4.5%), from €28,771 to €27,485
- Depreciation -€612
down €612 (-2.3%), from €26,088 to €25,476
- Other operating charges +€322
up €322 (+3.2%), from €10,226 to €10,548
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 | €580,548 | €575,089 | -€5,459 | -0.9% |
| Fixed assets | 21/28 | €491,526 | €470,760 | -€20,766 | -4.2% |
| Tangible fixed assets | 22/27 | €456,697 | €435,931 | -€20,766 | -4.5% |
| Land and buildings | 22 | €448,528 | €427,596 | -€20,932 | -4.7% |
| Furniture and vehicles | 24 | €8,169 | €8,335 | +€166 | +2.0% |
| Financial fixed assets | 28 | €34,829 | €34,829 | = | 0.0% |
| Current assets | 29/58 | €89,022 | €104,329 | +€15,307 | +17.2% |
| Cash at bank and in hand | 54/58 | €85,055 | €100,305 | +€15,250 | +17.9% |
| Deferred charges and accrued income | 490/1 | €3,967 | €4,024 | +€57 | +1.4% |
| Total equity and liabilities | 10/49 | €580,548 | €575,089 | -€5,459 | -0.9% |
| Equity | 10/15 | €558,724 | €550,647 | -€8,077 | -1.4% |
| Contributions | 10/11 | €545,366 | €545,366 | = | 0.0% |
| Capital | 10 | €545,366 | - | -€545,366 | |
| Issued capital | 100 | €545,366 | - | -€545,366 | |
| Reserves | 13 | €19,585 | €18,123 | -€1,461 | -7.5% |
| Non-distributable reserves | 130/1 | €4,041 | €2,324 | -€1,717 | -42.5% |
| Legal reserve | 130 | €2,324 | - | -€2,324 | |
| Reserves not available under the articles | 1311 | - | €2,324 | +€2,324 | |
| Other | 1319 | €1,717 | - | -€1,717 | |
| Tax-exempt reserves | 132 | €15,544 | €14,082 | -€1,461 | -9.4% |
| Distributable reserves | 133 | - | €1,717 | +€1,717 | |
| Profit (loss) carried forward | 14 | -€6,226 | -€12,842 | -€6,616 | -106.3% |
| Provisions and deferred taxes | 16 | €7,757 | €7,128 | -€629 | -8.1% |
| Deferred taxes | 168 | €7,757 | €7,128 | -€629 | -8.1% |
| Amounts payable | 17/49 | €14,067 | €17,314 | +€3,248 | +23.1% |
| Amounts payable within one year | 42/48 | €13,287 | €16,534 | +€3,248 | +24.4% |
| Trade debts | 44 | €12,970 | €16,218 | +€3,248 | +25.0% |
| Suppliers | 440/4 | €12,970 | €16,218 | +€3,248 | +25.0% |
| Other amounts payable | 47/48 | €317 | €317 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €780 | €780 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,088 | €25,476 | -€612 | -2.3% |
| Other operating charges | 640/8 | €10,226 | €10,548 | +€322 | +3.2% |
| Gross operating margin | 9900 | €28,771 | €27,485 | -€1,286 | -4.5% |
| Operating profit (loss) | 9901 | -€7,543 | -€8,540 | -€996 | -13.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +3700.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3700.0% |
| Financial charges | 65/66B | €165 | €167 | +€2 | +1.3% |
| Recurring financial charges | 65 | €165 | €167 | +€2 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,708 | -€8,706 | -€998 | -12.9% |
| Transfer from deferred taxes | 780 | €629 | €629 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€7,079 | -€8,077 | -€998 | -14.1% |
| Transfer from tax-exempt reserves | 789 | €1,464 | €1,461 | -€2 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,615 | -€6,616 | -€1,000 | -17.8% |
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 5 October 2026 via checked.be.