SADMONKEY: 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.
SADMONKEY
Largest movements
- Cash -€468,194
down €468,194 (-69.6%), from €672,558 to €204,364
mainly Current investments (-€279,210) and Receivables within one year (-€179,822)
- Current investments +€279,210
up €279,210 (+126%), from €220,790 to €500,000
- Receivables within one year +€179,822
up €179,822 (+664%), from €27,074 to €206,896
of which Other amounts receivable: +€184,197
- Other debts -€63,430
no longer reported in 2025 (was €63,430)
- Profit (loss) carried forward +€24,181
no longer reported in 2025 (was -€24,181)
- Reserves +€23,714
up €23,714 (+2.7%), from €879,121 to €902,834
of which Distributable reserves: +€23,714
- Financial income +€74,070
up €74,070 (+172,256%), from €43 to €74,113
- Taxes +€5,912
up €5,912, from -€116 to €5,795
- Gross operating margin +€5,162
up €5,162 (+29.8%), from -€17,315 to -€12,153
- Financial charges +€1,208
up €1,208 (+552%), from €219 to €1,427
- Depreciation +€744
up €744 (+22.8%), from €3,265 to €4,009
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.
Derived cash bridge
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 | €928,034 | €917,150 | -€10,884 | -1.2% |
| Fixed assets | 21/28 | €7,613 | €5,891 | -€1,722 | -22.6% |
| Tangible fixed assets | 22/27 | €7,613 | €5,891 | -€1,722 | -22.6% |
| Plant, machinery and equipment | 23 | €2,755 | €2,653 | -€102 | -3.7% |
| Furniture and vehicles | 24 | €4,858 | €3,238 | -€1,619 | -33.3% |
| Current assets | 29/58 | €920,422 | €911,259 | -€9,163 | -1.0% |
| Amounts receivable within one year | 40/41 | €27,074 | €206,896 | +€179,822 | +664% |
| Trade receivables | 40 | €6,476 | €2,100 | -€4,376 | -67.6% |
| Other amounts receivable | 41 | €20,598 | €204,796 | +€184,197 | +894% |
| Current investments | 50/53 | €220,790 | €500,000 | +€279,210 | +126% |
| Cash at bank and in hand | 54/58 | €672,558 | €204,364 | -€468,194 | -69.6% |
| Total equity and liabilities | 10/49 | €928,034 | €917,150 | -€10,884 | -1.2% |
| Equity | 10/15 | €861,139 | €909,034 | +€47,895 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €879,121 | €902,834 | +€23,714 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €877,261 | €900,974 | +€23,714 | +2.7% |
| Profit (loss) carried forward | 14 | -€24,181 | - | +€24,181 | |
| Amounts payable | 17/49 | €66,895 | €8,116 | -€58,779 | -87.9% |
| Amounts payable within one year | 42/48 | €66,214 | €7,977 | -€58,237 | -88.0% |
| Trade debts | 44 | - | €2,182 | +€2,182 | |
| Suppliers | 440/4 | - | €2,182 | +€2,182 | |
| Taxes, remuneration and social security | 45 | €2,784 | €5,795 | +€3,011 | +108% |
| Taxes | 450/3 | €2,784 | €5,795 | +€3,011 | +108% |
| Other amounts payable | 47/48 | €63,430 | - | -€63,430 | |
| Accrued charges and deferred income | 492/3 | €681 | €139 | -€542 | -79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,265 | €4,009 | +€744 | +22.8% |
| Other operating charges | 640/8 | €3,542 | €2,835 | -€707 | -20.0% |
| Gross operating margin | 9900 | -€17,315 | -€12,153 | +€5,162 | +29.8% |
| Operating profit (loss) | 9901 | -€24,122 | -€18,996 | +€5,125 | +21.2% |
| Financial income | 75/76B | €43 | €74,113 | +€74,070 | +172,256% |
| Recurring financial income | 75 | €43 | €74,113 | +€74,070 | +172,256% |
| Financial charges | 65/66B | €219 | €1,427 | +€1,208 | +552% |
| Recurring financial charges | 65 | €219 | €1,427 | +€1,208 | +552% |
| Profit (loss) for the period before taxes | 9903 | -€24,297 | €53,690 | +€77,987 | |
| Income taxes | 67/77 | -€116 | €5,795 | +€5,912 | |
| Profit (loss) for the period | 9904 | -€24,181 | €47,895 | +€72,076 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,181 | €47,895 | +€72,076 |
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 17 October 2026 via checked.be.