MONFORT LAND DEVELOPMENT: 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.
What changed
MONFORT LAND DEVELOPMENT
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€162,628
2024 · -€29,612+€192,240
Equity
€821,574
2024 · €658,945+€162,628
Cash
€28,399
2024 · €13,468+€14,931
Balance sheet total
€1.3m
2024 · €1.9m-€631,571
Largest movements
Assets
- Stocks and contracts -€425,026
down €425,026 (-72.2%), from €588,449 to €163,423
- Receivables after one year -€171,000
no longer reported in 2025 (was €171,000)
- Tangible fixed assets -€19,955
down €19,955 (-1.9%), from €1.0m to €1.0m
Equity and liabilities
- Other debts -€469,809
down €469,809 (-96.4%), from €487,330 to €17,520
- Debts after one year -€275,775
down €275,775 (-43.2%), from €638,363 to €362,588
- Profit (loss) carried forward +€162,628
up €162,628, from -€46,882 to €115,746
- Trade debts -€44,831
down €44,831 (-92.8%), from €48,300 to €3,468
Income statement
- Gross operating margin +€156,872
up €156,872 (+2823.4%), from €5,556 to €162,428
- Write-downs -€61,119
new in 2025: -€61,119
- Taxes +€14,423
new in 2025: €14,423
- Financial income -€7,655
down €7,655 (-97.3%), from €7,866 to €211
- Depreciation +€4,667
up €4,667 (+18.5%), from €25,297 to €29,964
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.
Result 2024
-€29,612
Gross operating margin
+€156,872
Depreciation
-€4,667
Write-downs
+€61,119
Provisions
-€745
Other operating charges
+€640
Financial income
-€7,655
Financial charges
+€1,099
Taxes
-€14,423
Result 2025
€162,628
Cash bridge derived
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.
From operations
+€311,680
Investment
-€10,009
Financing
-€286,740
Cash 2024
€13,468
From operations (derived)
+€311,680
Net result for the year
+€162,628
Depreciation
+€29,964
Receivables after one year
+€171,000
Stocks and contracts
+€425,026
Receivables within one year
+€16,765
Deferred charges and accrued income
+€13,756
Trade debts
-€44,831
Tax, wage and social debts
+€7,146
Other debts
-€469,809
Accrued charges and deferred income
+€35
Investment (derived)
-€10,009
Investment in fixed assets (net)
-€10,009
Financing
-€286,740
Debts after one year
-€275,775
Current portion of long-term debt
-€10,965
Cash 2025
€28,399
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,884,465 | €1,252,894 | -€631,571 | -33.5% |
| Fixed assets | 21/28 | €1,047,089 | €1,027,134 | -€19,955 | -1.9% |
| Tangible fixed assets | 22/27 | €1,047,089 | €1,027,134 | -€19,955 | -1.9% |
| Land and buildings | 22 | €1,047,089 | €1,027,134 | -€19,955 | -1.9% |
| Current assets | 29/58 | €837,375 | €225,760 | -€611,615 | -73.0% |
| Amounts receivable after more than one year | 29 | €171,000 | - | -€171,000 | |
| Other amounts receivable | 291 | €171,000 | - | -€171,000 | |
| Stocks and contracts in progress | 3 | €588,449 | €163,423 | -€425,026 | -72.2% |
| Stocks | 30/36 | €588,449 | €163,423 | -€425,026 | -72.2% |
| Amounts receivable within one year | 40/41 | €49,900 | €33,136 | -€16,765 | -33.6% |
| Trade receivables | 40 | €48,369 | - | -€48,369 | |
| Other amounts receivable | 41 | €1,532 | €33,136 | +€31,604 | +2063.3% |
| Cash at bank and in hand | 54/58 | €13,468 | €28,399 | +€14,931 | +110.9% |
| Deferred charges and accrued income | 490/1 | €14,559 | €803 | -€13,756 | -94.5% |
| Total equity and liabilities | 10/49 | €1,884,465 | €1,252,894 | -€631,571 | -33.5% |
| Equity | 10/15 | €658,945 | €821,574 | +€162,628 | +24.7% |
| Contributions | 10/11 | €675,000 | €675,000 | = | 0.0% |
| Reserves | 13 | €30,827 | €30,827 | = | 0.0% |
| Distributable reserves | 133 | €30,827 | €30,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,882 | €115,746 | +€162,628 | |
| Amounts payable | 17/49 | €1,225,519 | €431,320 | -€794,199 | -64.8% |
| Amounts payable after more than one year | 17 | €638,363 | €362,588 | -€275,775 | -43.2% |
| Financial debts | 170/4 | €638,363 | €362,588 | -€275,775 | -43.2% |
| Amounts payable within one year | 42/48 | €585,342 | €66,882 | -€518,459 | -88.6% |
| Current portion of amounts payable after more than one year | 42 | €42,225 | €31,261 | -€10,965 | -26.0% |
| Trade debts | 44 | €48,300 | €3,468 | -€44,831 | -92.8% |
| Suppliers | 440/4 | €48,300 | €3,468 | -€44,831 | -92.8% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,487 | €13,633 | +€7,146 | +110.2% |
| Taxes | 450/3 | €6,487 | €13,633 | +€7,146 | +110.2% |
| Other amounts payable | 47/48 | €487,330 | €17,520 | -€469,809 | -96.4% |
| Accrued charges and deferred income | 492/3 | €1,815 | €1,850 | +€35 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,297 | €29,964 | +€4,667 | +18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€61,119 | -€61,119 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€745 | - | +€745 | |
| Other operating charges | 640/8 | €5,283 | €4,643 | -€640 | -12.1% |
| Gross operating margin | 9900 | €5,556 | €162,428 | +€156,872 | +2823.4% |
| Operating profit (loss) | 9901 | -€24,279 | €188,940 | +€213,219 | |
| Financial income | 75/76B | €7,866 | €211 | -€7,655 | -97.3% |
| Recurring financial income | 75 | €7,866 | €211 | -€7,655 | -97.3% |
| Financial charges | 65/66B | €13,199 | €12,100 | -€1,099 | -8.3% |
| Recurring financial charges | 65 | €13,199 | €12,100 | -€1,099 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,612 | €177,051 | +€206,663 | |
| Income taxes | 67/77 | - | €14,423 | +€14,423 | |
| Profit (loss) for the period | 9904 | -€29,612 | €162,628 | +€192,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,612 | €162,628 | +€192,240 |
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 12 October 2026 via checked.be.