CTL DE MONTEGNET: 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.
CTL DE MONTEGNET
Largest movements
- Cash +€24,773
up €24,773 (+28.4%), from €87,336 to €112,108
mainly Other debts (+€40,782) and Net result for the year (+€12,585)
- Stocks and contracts -€6,994
down €6,994 (-73.7%), from €9,494 to €2,500
- Tangible fixed assets -€6,468
down €6,468 (-6.6%), from €98,462 to €91,993
of which Land and buildings: -€3,517
- Receivables within one year +€3,817
up €3,817 (+22.4%), from €17,039 to €20,856
of which Trade receivables: +€3,652
- Other debts +€40,782
new in 2025: €40,782
- Reserves -€22,000
down €22,000 (-13.5%), from €163,000 to €141,000
- Profit (loss) carried forward -€5,415
down €5,415 (-77.6%), from €6,977 to €1,562
- Gross operating margin -€9,991
down €9,991 (-26.4%), from €37,870 to €27,879
- Taxes -€2,594
down €2,594 (-28.1%), from €9,246 to €6,652
- Depreciation +€728
up €728 (+11.3%), from €6,458 to €7,186
- Other operating charges +€500
up €500 (+53.3%), from €938 to €1,437
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 | €213,714 | €229,304 | +€15,590 | +7.3% |
| Fixed assets | 21/28 | €98,462 | €91,993 | -€6,468 | -6.6% |
| Tangible fixed assets | 22/27 | €98,462 | €91,993 | -€6,468 | -6.6% |
| Land and buildings | 22 | €87,758 | €84,240 | -€3,517 | -4.0% |
| Plant, machinery and equipment | 23 | €5,694 | €4,786 | -€908 | -16.0% |
| Furniture and vehicles | 24 | €3,694 | €2,113 | -€1,581 | -42.8% |
| Other tangible fixed assets | 26 | €1,316 | €854 | -€462 | -35.1% |
| Current assets | 29/58 | €115,252 | €137,311 | +€22,059 | +19.1% |
| Stocks and contracts in progress | 3 | €9,494 | €2,500 | -€6,994 | -73.7% |
| Stocks | 30/36 | €9,494 | €2,500 | -€6,994 | -73.7% |
| Amounts receivable within one year | 40/41 | €17,039 | €20,856 | +€3,817 | +22.4% |
| Trade receivables | 40 | €10,901 | €14,552 | +€3,652 | +33.5% |
| Other amounts receivable | 41 | €6,138 | €6,304 | +€165 | +2.7% |
| Cash at bank and in hand | 54/58 | €87,336 | €112,108 | +€24,773 | +28.4% |
| Deferred charges and accrued income | 490/1 | €1,383 | €1,846 | +€463 | +33.5% |
| Total equity and liabilities | 10/49 | €213,714 | €229,304 | +€15,590 | +7.3% |
| Equity | 10/15 | €209,977 | €182,562 | -€27,415 | -13.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €163,000 | €141,000 | -€22,000 | -13.5% |
| Distributable reserves | 133 | €163,000 | €141,000 | -€22,000 | -13.5% |
| Profit (loss) carried forward | 14 | €6,977 | €1,562 | -€5,415 | -77.6% |
| Amounts payable | 17/49 | €3,737 | €46,741 | +€43,005 | +1150.9% |
| Amounts payable within one year | 42/48 | €3,737 | €46,741 | +€43,005 | +1150.9% |
| Trade debts | 44 | €2,444 | €4,060 | +€1,616 | +66.1% |
| Suppliers | 440/4 | €2,444 | €4,060 | +€1,616 | +66.1% |
| Taxes, remuneration and social security | 45 | €1,293 | €1,899 | +€606 | +46.9% |
| Taxes | 450/3 | €1,293 | €1,899 | +€606 | +46.9% |
| Other amounts payable | 47/48 | - | €40,782 | +€40,782 | |
| Remuneration, social security and pensions | 62 | €314 | - | -€314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,458 | €7,186 | +€728 | +11.3% |
| Other operating charges | 640/8 | €938 | €1,437 | +€500 | +53.3% |
| Gross operating margin | 9900 | €37,870 | €27,879 | -€9,991 | -26.4% |
| Operating profit (loss) | 9901 | €30,160 | €19,255 | -€10,905 | -36.2% |
| Financial income | 75/76B | €29 | €100 | +€71 | +247.5% |
| Recurring financial income | 75 | €29 | €100 | +€71 | +247.5% |
| Financial charges | 65/66B | €85 | €117 | +€33 | +38.6% |
| Recurring financial charges | 65 | €85 | €117 | +€33 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €30,104 | €19,238 | -€10,867 | -36.1% |
| Income taxes | 67/77 | €9,246 | €6,652 | -€2,594 | -28.1% |
| Profit (loss) for the period | 9904 | €20,858 | €12,585 | -€8,273 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,858 | €12,585 | -€8,273 | -39.7% |
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 12 October 2026 via checked.be.