High End Montage: 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.
High End Montage
Largest movements
- Receivables within one year -€36,717
down €36,717 (-24.0%), from €153,046 to €116,329
of which Trade receivables: -€68,486
- Trade debts -€64,496
down €64,496 (-54.8%), from €117,760 to €53,265
- Profit (loss) carried forward +€21,510
up €21,510 (+53.4%), from €40,301 to €61,811
- Tax, wage and social debts +€4,988
up €4,988 (+67.4%), from €7,397 to €12,384
- Financial charges +€3,609
up €3,609 (+69.8%), from €5,172 to €8,781
- Financial income +€3,015
up €3,015 (+62.9%), from €4,796 to €7,811
- Gross operating margin +€2,264
up €2,264 (+7.7%), from €29,410 to €31,674
- Taxes +€459
up €459 (+7.7%), from €5,963 to €6,422
- Other operating charges +€409
up €409 (+57.9%), from €706 to €1,114
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 | €166,714 | €128,050 | -€38,664 | -23.2% |
| Fixed assets | 21/28 | €12,043 | €10,385 | -€1,658 | -13.8% |
| Tangible fixed assets | 22/27 | €10,783 | €9,125 | -€1,658 | -15.4% |
| Plant, machinery and equipment | 23 | €3,096 | €2,296 | -€800 | -25.8% |
| Other tangible fixed assets | 26 | €7,687 | €6,828 | -€858 | -11.2% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €154,670 | €117,665 | -€37,005 | -23.9% |
| Amounts receivable within one year | 40/41 | €153,046 | €116,329 | -€36,717 | -24.0% |
| Trade receivables | 40 | €132,129 | €63,643 | -€68,486 | -51.8% |
| Other amounts receivable | 41 | €20,917 | €52,686 | +€31,769 | +152% |
| Cash at bank and in hand | 54/58 | €1,261 | €960 | -€301 | -23.9% |
| Deferred charges and accrued income | 490/1 | €364 | €376 | +€13 | +3.5% |
| Total equity and liabilities | 10/49 | €166,714 | €128,050 | -€38,664 | -23.2% |
| Equity | 10/15 | €40,401 | €61,911 | +€21,510 | +53.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,301 | €61,811 | +€21,510 | +53.4% |
| Amounts payable | 17/49 | €126,313 | €66,139 | -€60,174 | -47.6% |
| Amounts payable within one year | 42/48 | €126,313 | €65,739 | -€60,574 | -48.0% |
| Financial debts | 43 | - | €90 | +€90 | |
| Credit institutions | 430/8 | - | €90 | +€90 | |
| Trade debts | 44 | €117,760 | €53,265 | -€64,496 | -54.8% |
| Suppliers | 440/4 | €117,760 | €53,265 | -€64,496 | -54.8% |
| Advances received on contracts in progress | 46 | €1,156 | €0 | -€1,156 | -100% |
| Taxes, remuneration and social security | 45 | €7,397 | €12,384 | +€4,988 | +67.4% |
| Taxes | 450/3 | €7,397 | €12,384 | +€4,988 | +67.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,562 | €1,658 | +€96 | +6.2% |
| Other operating charges | 640/8 | €706 | €1,114 | +€409 | +57.9% |
| Gross operating margin | 9900 | €29,410 | €31,674 | +€2,264 | +7.7% |
| Operating profit (loss) | 9901 | €27,143 | €28,902 | +€1,759 | +6.5% |
| Financial income | 75/76B | €4,796 | €7,811 | +€3,015 | +62.9% |
| Recurring financial income | 75 | €4,796 | €7,811 | +€3,015 | +62.9% |
| Financial charges | 65/66B | €5,172 | €8,781 | +€3,609 | +69.8% |
| Recurring financial charges | 65 | €5,172 | €8,781 | +€3,609 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €26,767 | €27,932 | +€1,165 | +4.4% |
| Income taxes | 67/77 | €5,963 | €6,422 | +€459 | +7.7% |
| Profit (loss) for the period | 9904 | €20,804 | €21,510 | +€706 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,804 | €21,510 | +€706 | +3.4% |
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.