Monbeau: 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
Monbeau
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€770,322
2024 · -€34,269-€736,053
Equity
€2.2m
2024 · €3.0m-€770,322
Cash
€169,800
2024 · €13,986+€155,814
Balance sheet total
€8.8m
2024 · €9.2m-€472,650
Largest movements
Assets
- Financial fixed assets -€800,000
down €800,000 (-9.8%), from €8.2m to €7.4m
- Cash +€155,814
up €155,814 (+1,114%), from €13,986 to €169,800
mainly Investment in fixed assets (net) (+€800,000) and Debts after one year (+€200,000)
Equity and liabilities
- Profit (loss) carried forward -€770,322
down €770,322 (-1,385%), from -€55,619 to -€825,942
- Debts after one year +€200,000
up €200,000 (+5.5%), from €3.6m to €3.8m
Income statement
- Financial charges +€736,799
up €736,799 (+279,663%), from €263 to €737,063
- Other operating charges -€1,327
down €1,327 (-90.2%), from €1,471 to €144
- Gross operating margin -€438
down €438 (-1.1%), from -€40,300 to -€40,737
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
-€34,269
Gross operating margin
-€438
Other operating charges
+€1,327
Financial income
-€143
Financial charges
-€736,799
Result 2025
-€770,322
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
-€844,186
Investment
+€800,000
Financing
+€200,000
Cash 2024
€13,986
From operations (derived)
-€844,186
Net result for the year
-€770,322
Receivables after one year
-€7,622
Stocks and contracts
-€81,796
Receivables within one year
-€80,663
Deferred charges and accrued income
-€1,455
Trade debts
+€81,409
Tax, wage and social debts
-€63,300
Other debts
+€79,562
Investment (derived)
+€800,000
Investment in fixed assets (net)
+€800,000
Financing
+€200,000
Debts after one year
+€200,000
Cash 2025
€169,800
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,244,171 | €8,771,521 | -€472,650 | -5.1% |
| Fixed assets | 21/28 | €8,571,408 | €7,771,408 | -€800,000 | -9.3% |
| Tangible fixed assets | 22/27 | €380,000 | €380,000 | = | 0.0% |
| Land and buildings | 22 | €380,000 | €380,000 | = | 0.0% |
| Financial fixed assets | 28 | €8,191,408 | €7,391,408 | -€800,000 | -9.8% |
| Current assets | 29/58 | €672,763 | €1,000,113 | +€327,350 | +48.7% |
| Amounts receivable after more than one year | 29 | €434,019 | €441,641 | +€7,622 | +1.8% |
| Other amounts receivable | 291 | €434,019 | €441,641 | +€7,622 | +1.8% |
| Stocks and contracts in progress | 3 | €155,213 | €237,009 | +€81,796 | +52.7% |
| Stocks | 30/36 | €155,213 | €237,009 | +€81,796 | +52.7% |
| Amounts receivable within one year | 40/41 | €65,380 | €146,043 | +€80,663 | +123% |
| Trade receivables | 40 | €61,593 | €141,796 | +€80,202 | +130% |
| Other amounts receivable | 41 | €3,786 | €4,247 | +€461 | +12.2% |
| Cash at bank and in hand | 54/58 | €13,986 | €169,800 | +€155,814 | +1,114% |
| Deferred charges and accrued income | 490/1 | €4,165 | €5,621 | +€1,455 | +34.9% |
| Total equity and liabilities | 10/49 | €9,244,171 | €8,771,521 | -€472,650 | -5.1% |
| Equity | 10/15 | €2,987,579 | €2,217,257 | -€770,322 | -25.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Uncalled capital | 101 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,043,199 | €2,043,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €1,893,199 | €1,893,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,619 | -€825,942 | -€770,322 | -1,385% |
| Amounts payable | 17/49 | €6,256,592 | €6,554,264 | +€297,672 | +4.8% |
| Amounts payable after more than one year | 17 | €3,628,159 | €3,828,159 | +€200,000 | +5.5% |
| Financial debts | 170/4 | €3,628,159 | €3,828,159 | +€200,000 | +5.5% |
| Amounts payable within one year | 42/48 | €2,628,433 | €2,726,105 | +€97,672 | +3.7% |
| Trade debts | 44 | €572 | €81,982 | +€81,409 | +14,222% |
| Suppliers | 440/4 | €572 | €81,982 | +€81,409 | +14,222% |
| Taxes, remuneration and social security | 45 | €63,300 | €0 | -€63,300 | -100% |
| Taxes | 450/3 | €2,400 | €0 | -€2,400 | -100% |
| Remuneration and social security | 454/9 | €60,900 | €0 | -€60,900 | -100% |
| Other amounts payable | 47/48 | €2,564,561 | €2,644,123 | +€79,562 | +3.1% |
| Other operating charges | 640/8 | €1,471 | €144 | -€1,327 | -90.2% |
| Gross operating margin | 9900 | -€40,300 | -€40,737 | -€438 | -1.1% |
| Operating profit (loss) | 9901 | -€41,771 | -€40,882 | +€889 | +2.1% |
| Financial income | 75/76B | €7,765 | €7,622 | -€143 | -1.8% |
| Recurring financial income | 75 | €7,765 | €7,622 | -€143 | -1.8% |
| Financial charges | 65/66B | €263 | €737,063 | +€736,799 | +279,663% |
| Recurring financial charges | 65 | €263 | €737,063 | +€736,799 | +279,663% |
| Profit (loss) for the period before taxes | 9903 | -€34,269 | -€770,322 | -€736,053 | -2,148% |
| Profit (loss) for the period | 9904 | -€34,269 | -€770,322 | -€736,053 | -2,148% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,269 | -€770,322 | -€736,053 | -2,148% |
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 19 October 2026 via checked.be.