JP Montfort: 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.
JP Montfort
Largest movements
- Current investments +€533,575
new in 2025: €533,575
- Intangible fixed assets -€228,640
down €228,640 (-36.0%), from €634,701 to €406,061
- Cash -€105,034
down €105,034 (-15.5%), from €676,022 to €570,988
mainly Current investments (-€533,575) and Other debts (-€273,949)
- Receivables within one year -€40,541
down €40,541 (-7.7%), from €527,255 to €486,714
of which Trade receivables: -€134,565
- Tangible fixed assets +€24,756
up €24,756 (+288%), from €8,611 to €33,367
of which Furniture and vehicles: +€24,852
- Reserves +€488,000
up €488,000 (+36.8%), from €1.3m to €1.8m
- Other debts -€273,949
down €273,949 (-69.2%), from €395,822 to €121,874
- Tax, wage and social debts -€25,074
down €25,074 (-22.1%), from €113,251 to €88,177
of which Taxes: -€24,947
- Gross operating margin -€190,508
down €190,508 (-19.1%), from €996,427 to €805,919
- Taxes -€175,062
down €175,062 (-77.6%), from €225,720 to €50,659
- Financial income -€32,762
down €32,762 (-76.0%), from €43,085 to €10,323
- Financial charges +€14,137
up €14,137 (+788%), from €1,795 to €15,932
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 | €1,848,537 | €2,033,002 | +€184,464 | +10.0% |
| Fixed assets | 21/28 | €643,311 | €439,428 | -€203,884 | -31.7% |
| Intangible fixed assets | 21 | €634,701 | €406,061 | -€228,640 | -36.0% |
| Tangible fixed assets | 22/27 | €8,611 | €33,367 | +€24,756 | +288% |
| Land and buildings | 22 | €5,521 | €6,021 | +€500 | +9.1% |
| Plant, machinery and equipment | 23 | €1,189 | €593 | -€596 | -50.1% |
| Furniture and vehicles | 24 | €1,901 | €26,753 | +€24,852 | +1,308% |
| Current assets | 29/58 | €1,205,226 | €1,593,574 | +€388,348 | +32.2% |
| Amounts receivable within one year | 40/41 | €527,255 | €486,714 | -€40,541 | -7.7% |
| Trade receivables | 40 | €527,255 | €392,690 | -€134,565 | -25.5% |
| Other amounts receivable | 41 | - | €94,024 | +€94,024 | |
| Current investments | 50/53 | - | €533,575 | +€533,575 | |
| Cash at bank and in hand | 54/58 | €676,022 | €570,988 | -€105,034 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,949 | €2,297 | +€348 | +17.9% |
| Total equity and liabilities | 10/49 | €1,848,537 | €2,033,002 | +€184,464 | +10.0% |
| Equity | 10/15 | €1,333,077 | €1,821,315 | +€488,239 | +36.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,327,000 | €1,815,000 | +€488,000 | +36.8% |
| Distributable reserves | 133 | €1,327,000 | €1,815,000 | +€488,000 | +36.8% |
| Profit (loss) carried forward | 14 | €5,077 | €5,315 | +€239 | +4.7% |
| Amounts payable | 17/49 | €515,461 | €211,686 | -€303,774 | -58.9% |
| Amounts payable within one year | 42/48 | €515,461 | €211,686 | -€303,774 | -58.9% |
| Trade debts | 44 | €6,387 | €1,635 | -€4,752 | -74.4% |
| Suppliers | 440/4 | €6,387 | €1,635 | -€4,752 | -74.4% |
| Taxes, remuneration and social security | 45 | €113,251 | €88,177 | -€25,074 | -22.1% |
| Taxes | 450/3 | €111,353 | €86,406 | -€24,947 | -22.4% |
| Remuneration and social security | 454/9 | €1,898 | €1,771 | -€127 | -6.7% |
| Other amounts payable | 47/48 | €395,822 | €121,874 | -€273,949 | -69.2% |
| Remuneration, social security and pensions | 62 | €15,704 | €19,595 | +€3,891 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,691 | €235,097 | +€2,406 | +1.0% |
| Other operating charges | 640/8 | €4,370 | €6,721 | +€2,352 | +53.8% |
| Gross operating margin | 9900 | €996,427 | €805,919 | -€190,508 | -19.1% |
| Operating profit (loss) | 9901 | €743,662 | €544,506 | -€199,156 | -26.8% |
| Financial income | 75/76B | €43,085 | €10,323 | -€32,762 | -76.0% |
| Recurring financial income | 75 | €43,085 | €10,323 | -€32,762 | -76.0% |
| Financial charges | 65/66B | €1,795 | €15,932 | +€14,137 | +788% |
| Recurring financial charges | 65 | €1,795 | €15,932 | +€14,137 | +788% |
| Profit (loss) for the period before taxes | 9903 | €784,952 | €538,897 | -€246,055 | -31.3% |
| Income taxes | 67/77 | €225,720 | €50,659 | -€175,062 | -77.6% |
| Profit (loss) for the period | 9904 | €559,232 | €488,239 | -€70,993 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €559,232 | €488,239 | -€70,993 | -12.7% |
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 29 October 2026 via checked.be.