THIS IS MONACO: 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.
THIS IS MONACO
Largest movements
- Cash -€16,920
down €16,920 (-78.3%), from €21,619 to €4,699
mainly Net result for the year (-€49,162) and Receivables within one year (-€8,688)
- Receivables within one year +€8,688
up €8,688 (+77.5%), from €11,208 to €19,897
of which Trade receivables: +€7,893
- Financial fixed assets +€5,200
up €5,200 (+520.0%), from €1,000 to €6,200
- Stocks and contracts +€711
up €711 (+38.9%), from €1,828 to €2,539
- Profit (loss) carried forward -€24,162
down €24,162 (-97.1%), from €24,875 to €713
- Tax, wage and social debts +€18,772
up €18,772 (+264.0%), from €7,110 to €25,882
of which Remuneration and social security: +€22,902
- Other debts +€3,338
new in 2024: €3,338
- Trade debts -€764
down €764 (-10.1%), from €7,529 to €6,766
- Gross operating margin -€55,430
down €55,430, from €9,907 to -€45,523
- Other operating charges -€3,220
down €3,220 (-57.4%), from €5,607 to €2,388
- Taxes -€1,467
down €1,467 (-93.3%), from €1,573 to €106
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 | €54,514 | €51,698 | -€2,816 | -5.2% |
| Fixed assets | 21/28 | €2,359 | €7,064 | +€4,705 | +199.5% |
| Tangible fixed assets | 22/27 | €1,359 | €864 | -€495 | -36.4% |
| Plant, machinery and equipment | 23 | €1,359 | €864 | -€495 | -36.4% |
| Financial fixed assets | 28 | €1,000 | €6,200 | +€5,200 | +520.0% |
| Current assets | 29/58 | €52,155 | €44,635 | -€7,520 | -14.4% |
| Stocks and contracts in progress | 3 | €1,828 | €2,539 | +€711 | +38.9% |
| Stocks | 30/36 | €1,828 | €2,539 | +€711 | +38.9% |
| Amounts receivable within one year | 40/41 | €11,208 | €19,897 | +€8,688 | +77.5% |
| Trade receivables | 40 | €8,337 | €16,230 | +€7,893 | +94.7% |
| Other amounts receivable | 41 | €2,872 | €3,667 | +€796 | +27.7% |
| Cash at bank and in hand | 54/58 | €21,619 | €4,699 | -€16,920 | -78.3% |
| Deferred charges and accrued income | 490/1 | €17,500 | €17,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €54,514 | €51,698 | -€2,816 | -5.2% |
| Equity | 10/15 | €39,875 | €15,713 | -€24,162 | -60.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,875 | €713 | -€24,162 | -97.1% |
| Amounts payable | 17/49 | €14,639 | €35,985 | +€21,346 | +145.8% |
| Amounts payable within one year | 42/48 | €14,639 | €35,985 | +€21,346 | +145.8% |
| Trade debts | 44 | €7,529 | €6,766 | -€764 | -10.1% |
| Suppliers | 440/4 | €7,529 | €6,766 | -€764 | -10.1% |
| Taxes, remuneration and social security | 45 | €7,110 | €25,882 | +€18,772 | +264.0% |
| Taxes | 450/3 | €7,110 | €2,980 | -€4,130 | -58.1% |
| Remuneration and social security | 454/9 | - | €22,902 | +€22,902 | |
| Other amounts payable | 47/48 | - | €3,338 | +€3,338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €495 | -€252 | -33.7% |
| Other operating charges | 640/8 | €5,607 | €2,388 | -€3,220 | -57.4% |
| Gross operating margin | 9900 | €9,907 | -€45,523 | -€55,430 | |
| Operating profit (loss) | 9901 | €3,553 | -€48,406 | -€51,959 | |
| Financial income | 75/76B | €1 | €4 | +€4 | +445.1% |
| Recurring financial income | 75 | €1 | €4 | +€4 | +445.1% |
| Financial charges | 65/66B | €368 | €654 | +€286 | +77.6% |
| Recurring financial charges | 65 | €368 | €654 | +€286 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €3,185 | -€49,056 | -€52,241 | |
| Income taxes | 67/77 | €1,573 | €106 | -€1,467 | -93.3% |
| Profit (loss) for the period | 9904 | €1,612 | -€49,162 | -€50,774 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,612 | -€49,162 | -€50,774 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.