Luc MONFORT: what changed
Luc MONFORT
Largest movements
- Tangible fixed assets -€12,964
down €12,964 (-35.6%), from €36,401 to €23,436
of which Furniture and vehicles: -€12,658
- Receivables within one year +€10,223
up €10,223 (+60.2%), from €16,988 to €27,211
of which Trade receivables: +€10,339
- Cash -€1,772
down €1,772 (-24.2%), from €7,328 to €5,556
mainly Net result for the year (-€22,687) and Current portion of long-term debt (-€11,283)
- Deferred charges and accrued income +€1,432
up €1,432 (+612%), from €234 to €1,666
- Profit (loss) carried forward -€22,687
down €22,687, from €4,940 to -€17,746
- Other debts +€14,930
up €14,930 (+44.7%), from €33,413 to €48,343
- Trade debts +€13,746
up €13,746 (+4,742%), from €290 to €14,036
- Current portion of long-term debt -€11,283
no longer reported in 2025 (was €11,283)
- Tax, wage and social debts +€2,212
up €2,212 (+409%), from €541 to €2,753
- Gross operating margin -€24,652
down €24,652, from €16,876 to -€7,776
- Depreciation -€2,861
down €2,861 (-18.1%), from €15,825 to €12,964
- Staff costs -€368
no longer reported in 2025 (was €368)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,950 | €57,869 | -€3,081 | -5.1% |
| Fixed assets | 21/28 | €36,401 | €23,436 | -€12,964 | -35.6% |
| Tangible fixed assets | 22/27 | €36,401 | €23,436 | -€12,964 | -35.6% |
| Plant, machinery and equipment | 23 | €307 | - | -€307 | |
| Furniture and vehicles | 24 | €36,094 | €23,436 | -€12,658 | -35.1% |
| Current assets | 29/58 | €24,550 | €34,433 | +€9,883 | +40.3% |
| Amounts receivable within one year | 40/41 | €16,988 | €27,211 | +€10,223 | +60.2% |
| Trade receivables | 40 | €16,872 | €27,211 | +€10,339 | +61.3% |
| Other amounts receivable | 41 | €116 | - | -€116 | |
| Cash at bank and in hand | 54/58 | €7,328 | €5,556 | -€1,772 | -24.2% |
| Deferred charges and accrued income | 490/1 | €234 | €1,666 | +€1,432 | +612% |
| Total equity and liabilities | 10/49 | €60,950 | €57,869 | -€3,081 | -5.1% |
| Equity | 10/15 | €15,423 | -€7,263 | -€22,687 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,283 | €4,283 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,423 | €2,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,940 | -€17,746 | -€22,687 | |
| Amounts payable | 17/49 | €45,527 | €65,132 | +€19,605 | +43.1% |
| Amounts payable within one year | 42/48 | €45,527 | €65,132 | +€19,605 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €11,283 | - | -€11,283 | |
| Trade debts | 44 | €290 | €14,036 | +€13,746 | +4,742% |
| Suppliers | 440/4 | €290 | €14,036 | +€13,746 | +4,742% |
| Taxes, remuneration and social security | 45 | €541 | €2,753 | +€2,212 | +409% |
| Taxes | 450/3 | €541 | €2,753 | +€2,212 | +409% |
| Other amounts payable | 47/48 | €33,413 | €48,343 | +€14,930 | +44.7% |
| Remuneration, social security and pensions | 62 | €368 | - | -€368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,825 | €12,964 | -€2,861 | -18.1% |
| Other operating charges | 640/8 | €1,079 | €1,040 | -€39 | -3.6% |
| Gross operating margin | 9900 | €16,876 | -€7,776 | -€24,652 | |
| Operating profit (loss) | 9901 | -€396 | -€21,780 | -€21,384 | -5,400% |
| Financial income | 75/76B | €66 | - | -€66 | |
| Recurring financial income | 75 | €66 | - | -€66 | |
| Financial charges | 65/66B | €517 | €530 | +€13 | +2.5% |
| Recurring financial charges | 65 | €517 | €530 | +€13 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€847 | -€22,311 | -€21,463 | -2,533% |
| Income taxes | 67/77 | €350 | €376 | +€26 | +7.4% |
| Profit (loss) for the period | 9904 | -€1,197 | -€22,687 | -€21,489 | -1,795% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,197 | -€22,687 | -€21,489 | -1,795% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.