MONFORT: what changed
Two fiscal 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.
MONFORT
Largest movements
- Receivables within one year +€46,976
up €46,976 (+71.4%), from €65,818 to €112,794
of which Trade receivables: +€61,934
- Stocks and contracts -€15,805
down €15,805 (-5.4%), from €294,120 to €278,315
- Tangible fixed assets +€10,826
up €10,826 (+1.8%), from €607,735 to €618,561
of which Plant, machinery and equipment: +€48,494
- Trade debts +€100,958
up €100,958 (+181.2%), from €55,706 to €156,663
- Profit (loss) carried forward -€35,794
down €35,794 (-166.1%), from -€21,555 to -€57,349
- Debts after one year -€25,258
down €25,258 (-5.8%), from €432,165 to €406,907
- Purchases and services -€491,733
down €491,733 (-41.1%), from €1.2m to €705,508
- Staff costs -€47,549
down €47,549 (-16.7%), from €285,092 to €237,543
- Gross operating margin -€27,388
down €27,388 (-8.2%), from €332,912 to €305,524
- Depreciation +€13,178
up €13,178 (+31.0%), from €42,451 to €55,630
- Other operating charges +€8,793
up €8,793 (+67.2%), from €13,079 to €21,872
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €969,379 | €1,011,546 | +€42,167 | +4.3% |
| Fixed assets | 21/28 | €607,735 | €618,561 | +€10,826 | +1.8% |
| Tangible fixed assets | 22/27 | €607,735 | €618,561 | +€10,826 | +1.8% |
| Land and buildings | 22 | €502,133 | €482,133 | -€20,001 | -4.0% |
| Plant, machinery and equipment | 23 | €32,414 | €80,908 | +€48,494 | +149.6% |
| Furniture and vehicles | 24 | €35,498 | €29,690 | -€5,808 | -16.4% |
| Leasing and similar rights | 25 | €37,690 | €25,831 | -€11,859 | -31.5% |
| Current assets | 29/58 | €361,644 | €392,985 | +€31,341 | +8.7% |
| Stocks and contracts in progress | 3 | €294,120 | €278,315 | -€15,805 | -5.4% |
| Stocks | 30/36 | €294,120 | €278,315 | -€15,805 | -5.4% |
| Amounts receivable within one year | 40/41 | €65,818 | €112,794 | +€46,976 | +71.4% |
| Trade receivables | 40 | €39,763 | €101,697 | +€61,934 | +155.8% |
| Other amounts receivable | 41 | €26,055 | €11,097 | -€14,958 | -57.4% |
| Current investments | 50/53 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €1,706 | €1,877 | +€170 | +10.0% |
| Total equity and liabilities | 10/49 | €969,379 | €1,011,546 | +€42,167 | +4.3% |
| Equity | 10/15 | €283,472 | €247,678 | -€35,794 | -12.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €230,027 | €230,027 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,677 | €2,677 | = | 0.0% |
| Distributable reserves | 133 | €219,850 | €219,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,555 | -€57,349 | -€35,794 | -166.1% |
| Amounts payable | 17/49 | €685,907 | €763,868 | +€77,962 | +11.4% |
| Amounts payable after more than one year | 17 | €432,165 | €406,907 | -€25,258 | -5.8% |
| Financial debts | 170/4 | €432,165 | €406,907 | -€25,258 | -5.8% |
| Amounts payable within one year | 42/48 | €253,741 | €356,961 | +€103,220 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €54,787 | €62,053 | +€7,266 | +13.3% |
| Financial debts | 43 | €15,040 | €5,304 | -€9,737 | -64.7% |
| Credit institutions | 430/8 | €11,658 | - | -€11,658 | |
| Other loans | 439 | €3,383 | €5,304 | +€1,921 | +56.8% |
| Trade debts | 44 | €55,706 | €156,663 | +€100,958 | +181.2% |
| Suppliers | 440/4 | €55,706 | €156,663 | +€100,958 | +181.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,027 | €41,761 | +€4,733 | +12.8% |
| Taxes | 450/3 | €7,282 | €11,179 | +€3,897 | +53.5% |
| Remuneration and social security | 454/9 | €29,746 | €30,582 | +€836 | +2.8% |
| Other amounts payable | 47/48 | €91,181 | €91,181 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,197,241 | €705,508 | -€491,733 | -41.1% |
| Remuneration, social security and pensions | 62 | €285,092 | €237,543 | -€47,549 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,451 | €55,630 | +€13,178 | +31.0% |
| Other operating charges | 640/8 | €13,079 | €21,872 | +€8,793 | +67.2% |
| Gross operating margin | 9900 | €332,912 | €305,524 | -€27,388 | -8.2% |
| Operating profit (loss) | 9901 | -€7,710 | -€9,520 | -€1,810 | -23.5% |
| Financial income | 75/76B | €3,965 | €250 | -€3,715 | -93.7% |
| Recurring financial income | 75 | €3,965 | €250 | -€3,715 | -93.7% |
| Financial charges | 65/66B | €18,326 | €26,620 | +€8,294 | +45.3% |
| Recurring financial charges | 65 | €18,326 | €26,620 | +€8,294 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,071 | -€35,890 | -€13,820 | -62.6% |
| Income taxes | 67/77 | -€516 | -€96 | +€420 | +81.5% |
| Profit (loss) for the period | 9904 | -€21,555 | -€35,794 | -€14,240 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,555 | -€35,794 | -€14,240 | -66.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.