STUBBORN MONKEY: 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.
STUBBORN MONKEY
Largest movements
- Receivables within one year +€6,383
up €6,383 (+427.7%), from €1,492 to €7,875
- Cash -€3,037
down €3,037 (-88.4%), from €3,433 to €397
mainly Receivables within one year (-€6,383) and Trade debts (-€510)
- Tangible fixed assets -€2,662
down €2,662 (-33.0%), from €8,066 to €5,404
- Deferred charges and accrued income +€267
up €267 (+3510.0%), from €8 to €274
- Profit (loss) carried forward +€1,461
up €1,461 (+17.0%), from -€8,569 to -€7,108
- Trade debts -€510
down €510 (-89.7%), from €568 to €59
- Gross operating margin +€3,428
up €3,428 (+267.4%), from €1,282 to €4,709
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 | €12,999 | €13,950 | +€951 | +7.3% |
| Fixed assets | 21/28 | €8,066 | €5,404 | -€2,662 | -33.0% |
| Tangible fixed assets | 22/27 | €8,066 | €5,404 | -€2,662 | -33.0% |
| Other tangible fixed assets | 26 | €8,066 | €5,404 | -€2,662 | -33.0% |
| Current assets | 29/58 | €4,933 | €8,546 | +€3,613 | +73.2% |
| Amounts receivable within one year | 40/41 | €1,492 | €7,875 | +€6,383 | +427.7% |
| Trade receivables | 40 | €1,492 | €7,875 | +€6,383 | +427.7% |
| Cash at bank and in hand | 54/58 | €3,433 | €397 | -€3,037 | -88.4% |
| Deferred charges and accrued income | 490/1 | €8 | €274 | +€267 | +3510.0% |
| Total equity and liabilities | 10/49 | €12,999 | €13,950 | +€951 | +7.3% |
| Equity | 10/15 | €11,431 | €12,892 | +€1,461 | +12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,569 | -€7,108 | +€1,461 | +17.0% |
| Amounts payable | 17/49 | €1,568 | €1,059 | -€510 | -32.5% |
| Amounts payable within one year | 42/48 | €1,568 | €1,059 | -€510 | -32.5% |
| Trade debts | 44 | €568 | €59 | -€510 | -89.7% |
| Suppliers | 440/4 | €568 | €59 | -€510 | -89.7% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,662 | €2,662 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €1,282 | €4,709 | +€3,428 | +267.4% |
| Operating profit (loss) | 9901 | -€1,886 | €1,528 | +€3,413 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €66 | €67 | +€1 | +2.0% |
| Recurring financial charges | 65 | €66 | €67 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,947 | €1,461 | +€3,408 | |
| Profit (loss) for the period | 9904 | -€1,947 | €1,461 | +€3,408 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,947 | €1,461 | +€3,408 |
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 30 September 2026 via checked.be.