Ets MONTES: 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.
Ets MONTES
Largest movements
- Cash +€3,719
up €3,719 (+16.5%), from €22,535 to €26,254
mainly Receivables within one year (+€2,972) and Deferred charges and accrued income (+€2,590)
- Receivables within one year -€2,972
down €2,972 (-82.9%), from €3,584 to €612
of which Trade receivables: -€2,889
- Deferred charges and accrued income -€2,590
down €2,590 (-69.1%), from €3,746 to €1,156
- Tangible fixed assets -€383
down €383 (-28.0%), from €1,367 to €984
of which Furniture and vehicles: -€441
- Tax, wage and social debts -€1,141
down €1,141 (-25.8%), from €4,427 to €3,285
of which Remuneration and social security: -€1,099
- Other debts -€621
down €621 (-17.3%), from €3,596 to €2,975
- Profit (loss) carried forward -€507
down €507 (-52.3%), from €969 to €462
- Gross operating margin -€18,342
down €18,342 (-73.7%), from €24,875 to €6,533
- Staff costs -€4,053
down €4,053 (-40.6%), from €9,985 to €5,932
- Taxes -€2,970
down €2,970, from €2,927 to -€43
- Financial income -€259
down €259 (-47.6%), from €543 to €285
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,232 | €29,006 | -€2,226 | -7.1% |
| Fixed assets | 21/28 | €1,367 | €984 | -€383 | -28.0% |
| Tangible fixed assets | 22/27 | €1,367 | €984 | -€383 | -28.0% |
| Plant, machinery and equipment | 23 | €691 | €749 | +€58 | +8.3% |
| Furniture and vehicles | 24 | €676 | €235 | -€441 | -65.2% |
| Current assets | 29/58 | €29,865 | €28,022 | -€1,843 | -6.2% |
| Amounts receivable within one year | 40/41 | €3,584 | €612 | -€2,972 | -82.9% |
| Trade receivables | 40 | €2,940 | €51 | -€2,889 | -98.3% |
| Other amounts receivable | 41 | €644 | €561 | -€83 | -12.9% |
| Cash at bank and in hand | 54/58 | €22,535 | €26,254 | +€3,719 | +16.5% |
| Deferred charges and accrued income | 490/1 | €3,746 | €1,156 | -€2,590 | -69.1% |
| Total equity and liabilities | 10/49 | €31,232 | €29,006 | -€2,226 | -7.1% |
| Equity | 10/15 | €21,969 | €21,462 | -€507 | -2.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €969 | €462 | -€507 | -52.3% |
| Amounts payable | 17/49 | €9,263 | €7,544 | -€1,719 | -18.6% |
| Amounts payable within one year | 42/48 | €9,263 | €7,544 | -€1,719 | -18.6% |
| Trade debts | 44 | €1,240 | €1,284 | +€44 | +3.5% |
| Suppliers | 440/4 | €1,240 | €1,284 | +€44 | +3.5% |
| Taxes, remuneration and social security | 45 | €4,427 | €3,285 | -€1,141 | -25.8% |
| Taxes | 450/3 | €2,971 | €2,928 | -€43 | -1.4% |
| Remuneration and social security | 454/9 | €1,456 | €357 | -€1,099 | -75.5% |
| Other amounts payable | 47/48 | €3,596 | €2,975 | -€621 | -17.3% |
| Non-recurring operating income | 76A | - | €9,061 | +€9,061 | |
| Remuneration, social security and pensions | 62 | €9,985 | €5,932 | -€4,053 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672 | €771 | +€100 | +14.8% |
| Other operating charges | 640/8 | €536 | €591 | +€55 | +10.2% |
| Gross operating margin | 9900 | €24,875 | €6,533 | -€18,342 | -73.7% |
| Operating profit (loss) | 9901 | €13,682 | -€761 | -€14,443 | |
| Financial income | 75/76B | €543 | €285 | -€259 | -47.6% |
| Recurring financial income | 75 | €543 | €285 | -€259 | -47.6% |
| Financial charges | 65/66B | €80 | €74 | -€7 | -8.3% |
| Recurring financial charges | 65 | €80 | €74 | -€7 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €14,145 | -€550 | -€14,695 | |
| Income taxes | 67/77 | €2,927 | -€43 | -€2,970 | |
| Profit (loss) for the period | 9904 | €11,218 | -€507 | -€11,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,218 | -€507 | -€11,725 |
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 18 October 2026 via checked.be.