SOCIETE DE LA MUNQUE: 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.
What changed
SOCIETE DE LA MUNQUE
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,136
2024 · -€62,495+€76,631
Equity
€1.4m
2024 · €1.4m+€14,136
Cash
€34,436
2024 · €24,549+€9,887
Balance sheet total
€3.8m
2024 · €4.0m-€153,707
Largest movements
Assets
- Tangible fixed assets -€152,566
down €152,566 (-4.8%), from €3.2m to €3.0m
of which Land and buildings: -€121,472
- Stocks and contracts -€88,128
down €88,128 (-13.1%), from €671,080 to €582,952
- Receivables within one year +€52,873
up €52,873 (+54.5%), from €97,070 to €149,944
of which Trade receivables: +€59,042
Equity and liabilities
- Debts after one year -€148,589
down €148,589 (-14.7%), from €1.0m to €863,344
- Trade debts -€57,407
down €57,407 (-14.3%), from €402,810 to €345,403
Income statement
- Other operating charges -€51,412
down €51,412 (-61.0%), from €84,350 to €32,939
- Gross operating margin +€32,667
up €32,667 (+11.4%), from €286,000 to €318,667
- Staff costs +€4,243
up €4,243 (+13.7%), from €30,931 to €35,174
- Depreciation +€3,999
up €3,999 (+2.4%), from €165,218 to €169,216
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.
Result 2024
-€62,495
Gross operating margin
+€32,667
Staff costs
-€4,243
Depreciation
-€3,999
Other operating charges
+€51,412
Financial income
+€562
Financial charges
+€92
Taxes
+€139
Result 2025
€14,136
raises the resultlowers the result
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.
From operations
+€175,437
Investment
-€16,650
Financing
-€148,900
Cash 2024
€24,549
From operations (derived)
+€175,437
Net result for the year
+€14,136
Depreciation
+€169,216
Stocks and contracts
+€88,128
Receivables within one year
-€52,873
Deferred charges and accrued income
-€24,227
Trade debts
-€57,407
Tax, wage and social debts
+€1,340
Other debts
+€37,124
Investment (derived)
-€16,650
Investment in fixed assets (net)
-€16,650
Financing
-€148,900
Debts after one year
-€148,589
Current portion of long-term debt
-€689
Short-term financial debts
+€378
Cash 2025
€34,436
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,987,988 | €3,834,281 | -€153,707 | -3.9% |
| Fixed assets | 21/28 | €3,194,088 | €3,041,522 | -€152,566 | -4.8% |
| Tangible fixed assets | 22/27 | €3,181,512 | €3,028,946 | -€152,566 | -4.8% |
| Land and buildings | 22 | €2,938,124 | €2,816,652 | -€121,472 | -4.1% |
| Plant, machinery and equipment | 23 | €212,014 | €189,079 | -€22,934 | -10.8% |
| Furniture and vehicles | 24 | €31,374 | €23,215 | -€8,159 | -26.0% |
| Financial fixed assets | 28 | €12,576 | €12,576 | = | 0.0% |
| Current assets | 29/58 | €793,900 | €792,759 | -€1,141 | -0.1% |
| Stocks and contracts in progress | 3 | €671,080 | €582,952 | -€88,128 | -13.1% |
| Stocks | 30/36 | €671,080 | €582,952 | -€88,128 | -13.1% |
| Amounts receivable within one year | 40/41 | €97,070 | €149,944 | +€52,873 | +54.5% |
| Trade receivables | 40 | €59,859 | €118,901 | +€59,042 | +98.6% |
| Other amounts receivable | 41 | €37,211 | €31,042 | -€6,169 | -16.6% |
| Cash at bank and in hand | 54/58 | €24,549 | €34,436 | +€9,887 | +40.3% |
| Deferred charges and accrued income | 490/1 | €1,200 | €25,427 | +€24,227 | +2,019% |
| Total equity and liabilities | 10/49 | €3,987,988 | €3,834,281 | -€153,707 | -3.9% |
| Equity | 10/15 | €1,354,865 | €1,369,000 | +€14,136 | +1.0% |
| Contributions | 10/11 | €1,018,297 | €1,018,297 | = | 0.0% |
| Capital | 10 | €1,018,297 | €1,018,297 | = | 0.0% |
| Issued capital | 100 | €1,018,297 | €1,018,297 | = | 0.0% |
| Reserves | 13 | €511,402 | €511,402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,100 | €29,100 | = | 0.0% |
| Legal reserve | 130 | €29,100 | €29,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €463,552 | €463,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,835 | -€160,699 | +€14,136 | +8.1% |
| Amounts payable | 17/49 | €2,633,123 | €2,465,280 | -€167,843 | -6.4% |
| Amounts payable after more than one year | 17 | €1,011,933 | €863,344 | -€148,589 | -14.7% |
| Financial debts | 170/4 | €1,011,933 | €863,344 | -€148,589 | -14.7% |
| Amounts payable within one year | 42/48 | €1,621,190 | €1,601,936 | -€19,254 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €154,288 | €153,599 | -€689 | -0.4% |
| Financial debts | 43 | €620,000 | €620,378 | +€378 | +0.1% |
| Credit institutions | 430/8 | €620,000 | €620,378 | +€378 | +0.1% |
| Trade debts | 44 | €402,810 | €345,403 | -€57,407 | -14.3% |
| Suppliers | 440/4 | €402,810 | €345,403 | -€57,407 | -14.3% |
| Taxes, remuneration and social security | 45 | €8,273 | €9,613 | +€1,340 | +16.2% |
| Taxes | 450/3 | €3,081 | €5,635 | +€2,553 | +82.9% |
| Remuneration and social security | 454/9 | €5,192 | €3,978 | -€1,213 | -23.4% |
| Other amounts payable | 47/48 | €435,819 | €472,943 | +€37,124 | +8.5% |
| Remuneration, social security and pensions | 62 | €30,931 | €35,174 | +€4,243 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,218 | €169,216 | +€3,999 | +2.4% |
| Other operating charges | 640/8 | €84,350 | €32,939 | -€51,412 | -61.0% |
| Gross operating margin | 9900 | €286,000 | €318,667 | +€32,667 | +11.4% |
| Operating profit (loss) | 9901 | €5,501 | €81,338 | +€75,838 | +1,379% |
| Financial income | 75/76B | - | €562 | +€562 | |
| Recurring financial income | 75 | - | €562 | +€562 | |
| Financial charges | 65/66B | €67,220 | €67,128 | -€92 | -0.1% |
| Recurring financial charges | 65 | €67,220 | €67,128 | -€92 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,719 | €14,773 | +€76,492 | |
| Income taxes | 67/77 | €776 | €637 | -€139 | -17.9% |
| Profit (loss) for the period | 9904 | -€62,495 | €14,136 | +€76,631 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,495 | €14,136 | +€76,631 |
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 23 October 2026 via checked.be.