LES MONTRES: 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.
LES MONTRES
Largest movements
- Receivables within one year +€524,074
up €524,074 (+144%), from €363,757 to €887,831
of which Trade receivables: +€524,074
- Stocks and contracts -€401,103
down €401,103 (-19.4%), from €2.1m to €1.7m
- Trade debts +€452,616
up €452,616 (+144%), from €314,858 to €767,474
- Current portion of long-term debt -€352,000
no longer reported in 2025 (was €352,000)
- Tax, wage and social debts +€84,087
up €84,087 (+120%), from €70,254 to €154,341
of which Taxes: +€76,399
- Profit (loss) carried forward -€47,262
down €47,262 (-2.9%), from €1.6m to €1.6m
- Turnover +€3.4m
new in 2025: €3.4m
- Purchases and services +€3.2m
new in 2025: €3.2m
- Gross operating margin -€368,496
down €368,496 (-71.4%), from €516,373 to €147,877
- Financial charges -€68,999
down €68,999 (-99.6%), from €69,245 to €246
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 | €2,434,987 | €2,570,459 | +€135,473 | +5.6% |
| Fixed assets | 21/28 | €3,390 | €3,390 | = | 0.0% |
| Financial fixed assets | 28 | €3,390 | €3,390 | = | 0.0% |
| Current assets | 29/58 | €2,431,597 | €2,567,069 | +€135,473 | +5.6% |
| Stocks and contracts in progress | 3 | €2,066,916 | €1,665,813 | -€401,103 | -19.4% |
| Stocks | 30/36 | €2,066,916 | €1,665,813 | -€401,103 | -19.4% |
| Amounts receivable within one year | 40/41 | €363,757 | €887,831 | +€524,074 | +144% |
| Trade receivables | 40 | €352,522 | €876,596 | +€524,074 | +149% |
| Other amounts receivable | 41 | €11,235 | €11,235 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €924 | €13,425 | +€12,501 | +1,353% |
| Total equity and liabilities | 10/49 | €2,434,987 | €2,570,459 | +€135,473 | +5.6% |
| Equity | 10/15 | €1,662,929 | €1,615,667 | -€47,262 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,642,469 | €1,595,207 | -€47,262 | -2.9% |
| Amounts payable | 17/49 | €772,058 | €954,793 | +€182,735 | +23.7% |
| Amounts payable within one year | 42/48 | €772,058 | €954,793 | +€182,735 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €352,000 | - | -€352,000 | |
| Trade debts | 44 | €314,858 | €767,474 | +€452,616 | +144% |
| Suppliers | 440/4 | €314,858 | €767,474 | +€452,616 | +144% |
| Taxes, remuneration and social security | 45 | €70,254 | €154,341 | +€84,087 | +120% |
| Taxes | 450/3 | €69,711 | €146,110 | +€76,399 | +110% |
| Remuneration and social security | 454/9 | €543 | €8,231 | +€7,688 | +1,416% |
| Other amounts payable | 47/48 | €34,946 | €32,978 | -€1,969 | -5.6% |
| Turnover | 70 | - | €3,376,699 | +€3.4m | |
| Non-recurring operating income | 76A | - | €3,377,522 | +€3.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,229,645 | +€3.2m | |
| Remuneration, social security and pensions | 62 | €61,137 | €65,055 | +€3,918 | +6.4% |
| Other operating charges | 640/8 | €716 | €116 | -€600 | -83.8% |
| Gross operating margin | 9900 | €516,373 | €147,877 | -€368,496 | -71.4% |
| Operating profit (loss) | 9901 | €454,519 | €82,706 | -€371,813 | -81.8% |
| Financial income | 75/76B | €3,809 | - | -€3,809 | |
| Recurring financial income | 75 | €3,809 | - | -€3,809 | |
| Financial charges | 65/66B | €69,245 | €246 | -€68,999 | -99.6% |
| Recurring financial charges | 65 | €69,245 | €246 | -€68,999 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €389,083 | €82,460 | -€306,623 | -78.8% |
| Income taxes | 67/77 | - | €27,902 | +€27,902 | |
| Profit (loss) for the period | 9904 | €389,083 | €54,558 | -€334,525 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €389,083 | €54,558 | -€334,525 | -86.0% |
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.