Ets. MONTICELLI: 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. MONTICELLI
Largest movements
- Cash +€7,089
up €7,089 (+248%), from €2,859 to €9,948
mainly Debts after one year (+€24,159) and Net result for the year (+€18,597)
- Deferred charges and accrued income +€912
up €912 (+75.3%), from €1,211 to €2,123
- Debts after one year +€24,159
new in 2025: €24,159
- Profit (loss) carried forward +€18,597
up €18,597 (+21.0%), from -€88,471 to -€69,874
- Other debts -€16,127
down €16,127 (-46.0%), from €35,064 to €18,938
- Trade debts -€13,590
down €13,590 (-53.0%), from €25,660 to €12,071
- Tax, wage and social debts -€6,024
down €6,024 (-34.7%), from €17,346 to €11,323
of which Remuneration and social security: -€3,756
- Staff costs -€21,489
down €21,489 (-21.8%), from €98,422 to €76,934
- Other operating charges -€4,387
down €4,387 (-65.0%), from €6,745 to €2,357
- Financial charges +€2,168
up €2,168 (+39.7%), from €5,464 to €7,632
- Gross operating margin +€2,055
up €2,055 (+1.9%), from €107,214 to €109,269
- Depreciation -€1,214
down €1,214 (-31.0%), from €3,914 to €2,700
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 | €15,292 | €22,896 | +€7,604 | +49.7% |
| Fixed assets | 21/28 | €7,170 | €6,960 | -€210 | -2.9% |
| Tangible fixed assets | 22/27 | €2,868 | €2,658 | -€210 | -7.3% |
| Plant, machinery and equipment | 23 | €2,317 | €2,658 | +€341 | +14.7% |
| Furniture and vehicles | 24 | €552 | - | -€552 | |
| Financial fixed assets | 28 | €4,302 | €4,302 | = | 0.0% |
| Current assets | 29/58 | €8,122 | €15,936 | +€7,814 | +96.2% |
| Stocks and contracts in progress | 3 | €1,843 | €1,807 | -€36 | -2.0% |
| Stocks | 30/36 | €1,843 | €1,807 | -€36 | -2.0% |
| Amounts receivable within one year | 40/41 | €2,208 | €2,057 | -€151 | -6.8% |
| Trade receivables | 40 | €2,208 | €2,057 | -€151 | -6.8% |
| Cash at bank and in hand | 54/58 | €2,859 | €9,948 | +€7,089 | +248% |
| Deferred charges and accrued income | 490/1 | €1,211 | €2,123 | +€912 | +75.3% |
| Total equity and liabilities | 10/49 | €15,292 | €22,896 | +€7,604 | +49.7% |
| Equity | 10/15 | -€68,011 | -€49,414 | +€18,597 | +27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,471 | -€69,874 | +€18,597 | +21.0% |
| Amounts payable | 17/49 | €83,303 | €72,310 | -€10,993 | -13.2% |
| Amounts payable after more than one year | 17 | - | €24,159 | +€24,159 | |
| Financial debts | 170/4 | - | €24,159 | +€24,159 | |
| Amounts payable within one year | 42/48 | €83,303 | €48,151 | -€35,152 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €5,232 | €5,819 | +€587 | +11.2% |
| Trade debts | 44 | €25,660 | €12,071 | -€13,590 | -53.0% |
| Suppliers | 440/4 | €25,660 | €12,071 | -€13,590 | -53.0% |
| Taxes, remuneration and social security | 45 | €17,346 | €11,323 | -€6,024 | -34.7% |
| Taxes | 450/3 | €9,044 | €6,776 | -€2,268 | -25.1% |
| Remuneration and social security | 454/9 | €8,303 | €4,547 | -€3,756 | -45.2% |
| Other amounts payable | 47/48 | €35,064 | €18,938 | -€16,127 | -46.0% |
| Non-recurring operating income | 76A | €419 | €1,876 | +€1,457 | +348% |
| Remuneration, social security and pensions | 62 | €98,422 | €76,934 | -€21,489 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,914 | €2,700 | -€1,214 | -31.0% |
| Other operating charges | 640/8 | €6,745 | €2,357 | -€4,387 | -65.0% |
| Non-recurring operating charges | 66A | €163 | €668 | +€505 | +309% |
| Gross operating margin | 9900 | €107,214 | €109,269 | +€2,055 | +1.9% |
| Operating profit (loss) | 9901 | -€2,030 | €26,610 | +€28,640 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €5,464 | €7,632 | +€2,168 | +39.7% |
| Recurring financial charges | 65 | €5,464 | €7,632 | +€2,168 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,493 | €18,978 | +€26,470 | |
| Income taxes | 67/77 | €399 | €381 | -€18 | -4.6% |
| Profit (loss) for the period | 9904 | -€7,892 | €18,597 | +€26,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,892 | €18,597 | +€26,489 |
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 24 October 2026 via checked.be.