Groep Montré: 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
Groep Montré
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€170,578
2024 · €171,323-€745
Equity
€2.5m
2024 · €2.3m+€170,578
Cash
€329,021
2024 · €245,642+€83,379
Balance sheet total
€3.4m
2024 · €3.2m+€155,200
Largest movements
Assets
- Tangible fixed assets +€137,273
up €137,273 (+6.0%), from €2.3m to €2.4m
of which Land and buildings: +€167,412
- Cash +€83,379
up €83,379 (+33.9%), from €245,642 to €329,021
mainly Net result for the year (+€170,578) and Depreciation (+€97,709)
- Deferred charges and accrued income -€63,611
down €63,611 (-43.1%), from €147,560 to €83,949
Equity and liabilities
- Reserves +€170,578
up €170,578 (+7.5%), from €2.3m to €2.5m
of which Distributable reserves: +€239,570
Income statement
- Financial charges +€57,697
up €57,697 (+1,534%), from €3,760 to €61,457
- Other operating charges +€39,593
up €39,593 (+52.0%), from €76,139 to €115,732
- Depreciation +€17,780
up €17,780 (+22.2%), from €79,929 to €97,709
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
€171,323
Gross operating margin
+€1,514
Depreciation
-€17,780
Provisions
+€3,000
Other operating charges
-€39,593
Other operating items
+€113,267
Financial income
-€3,536
Financial charges
-€57,697
Taxes
+€80
Result 2025
€170,578
raises the resultlowers the resultnot broken down further in the accounts
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
+€319,771
Investment
-€234,982
Financing
-€1,410
Cash 2024
€245,642
From operations (derived)
+€319,771
Net result for the year
+€170,578
Depreciation
+€97,709
Receivables within one year
+€1,841
Deferred charges and accrued income
+€63,611
Provisions
-€3,448
Tax, wage and social debts
-€8,675
Other debts
-€1,845
Investment (derived)
-€234,982
Investment in fixed assets (net)
-€234,982
Financing
-€1,410
Debts after one year
-€1,410
Cash 2025
€329,021
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,197,485 | €3,352,685 | +€155,200 | +4.9% |
| Fixed assets | 21/28 | €2,321,380 | €2,458,653 | +€137,273 | +5.9% |
| Tangible fixed assets | 22/27 | €2,306,046 | €2,443,319 | +€137,273 | +6.0% |
| Land and buildings | 22 | €2,183,067 | €2,350,479 | +€167,412 | +7.7% |
| Plant, machinery and equipment | 23 | €391 | €195 | -€196 | -50.1% |
| Furniture and vehicles | 24 | €122,588 | €92,645 | -€29,943 | -24.4% |
| Financial fixed assets | 28 | €15,334 | €15,334 | = | 0.0% |
| Current assets | 29/58 | €876,105 | €894,032 | +€17,927 | +2.0% |
| Amounts receivable after more than one year | 29 | €472,500 | €472,500 | = | 0.0% |
| Other amounts receivable | 291 | €472,500 | €472,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,403 | €8,562 | -€1,841 | -17.7% |
| Other amounts receivable | 41 | €10,403 | €8,562 | -€1,841 | -17.7% |
| Cash at bank and in hand | 54/58 | €245,642 | €329,021 | +€83,379 | +33.9% |
| Deferred charges and accrued income | 490/1 | €147,560 | €83,949 | -€63,611 | -43.1% |
| Total equity and liabilities | 10/49 | €3,197,485 | €3,352,685 | +€155,200 | +4.9% |
| Equity | 10/15 | €2,304,042 | €2,474,620 | +€170,578 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,285,450 | €2,456,028 | +€170,578 | +7.5% |
| Tax-exempt reserves | 132 | €371,033 | €302,041 | -€68,992 | -18.6% |
| Distributable reserves | 133 | €1,914,417 | €2,153,987 | +€239,570 | +12.5% |
| Provisions and deferred taxes | 16 | €93,603 | €90,155 | -€3,448 | -3.7% |
| Provisions for liabilities and charges | 160/5 | €1,500 | - | -€1,500 | |
| Other liabilities and charges | 164/5 | €1,500 | - | -€1,500 | |
| Deferred taxes | 168 | €92,103 | €90,155 | -€1,948 | -2.1% |
| Amounts payable | 17/49 | €799,840 | €787,910 | -€11,930 | -1.5% |
| Amounts payable after more than one year | 17 | €785,158 | €783,748 | -€1,410 | -0.2% |
| Other amounts payable | 178/9 | €785,158 | €783,748 | -€1,410 | -0.2% |
| Amounts payable within one year | 42/48 | €14,682 | €4,162 | -€10,520 | -71.7% |
| Taxes, remuneration and social security | 45 | €12,837 | €4,162 | -€8,675 | -67.6% |
| Taxes | 450/3 | €12,837 | €4,162 | -€8,675 | -67.6% |
| Other amounts payable | 47/48 | €1,845 | - | -€1,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,929 | €97,709 | +€17,780 | +22.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,500 | -€1,500 | -€3,000 | |
| Other operating charges | 640/8 | €76,139 | €115,732 | +€39,593 | +52.0% |
| Non-recurring operating charges | 66A | €113,267 | - | -€113,267 | |
| Gross operating margin | 9900 | €356,439 | €357,953 | +€1,514 | +0.4% |
| Operating profit (loss) | 9901 | €85,604 | €146,012 | +€60,408 | +70.6% |
| Financial income | 75/76B | €106,863 | €103,327 | -€3,536 | -3.3% |
| Recurring financial income | 75 | €106,863 | €103,327 | -€3,536 | -3.3% |
| Financial charges | 65/66B | €3,760 | €61,457 | +€57,697 | +1,534% |
| Recurring financial charges | 65 | €3,760 | €61,457 | +€57,697 | +1,534% |
| Profit (loss) for the period before taxes | 9903 | €188,707 | €187,882 | -€825 | -0.4% |
| Transfer from deferred taxes | 780 | €1,947 | €1,947 | = | 0.0% |
| Income taxes | 67/77 | €19,331 | €19,251 | -€80 | -0.4% |
| Profit (loss) for the period | 9904 | €171,323 | €170,578 | -€745 | -0.4% |
| Transfer from tax-exempt reserves | 789 | €5,842 | €68,992 | +€63,150 | +1,081% |
| Profit (loss) for the period to be appropriated | 9905 | €177,165 | €239,570 | +€62,405 | +35.2% |
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 29 October 2026 via checked.be.