MONT ROYAL: 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.
MONT ROYAL
Largest movements
- Cash +€14,928
up €14,928 (+65.9%), from €22,656 to €37,584
mainly Other debts (+€20,000) and Receivables within one year (+€10,212)
- Receivables within one year -€10,212
down €10,212 (-25.1%), from €40,693 to €30,481
of which Trade receivables: -€11,143
- Stocks and contracts -€4,620
down €4,620 (-8.9%), from €51,997 to €47,377
- Tangible fixed assets -€1,829
down €1,829 (-26.6%), from €6,874 to €5,045
- Other debts +€20,000
new in 2025: €20,000
- Reserves -€13,310
down €13,310 (-17.7%), from €75,171 to €61,861
of which Distributable reserves: -€13,310
- Trade debts -€8,931
down €8,931 (-25.1%), from €35,528 to €26,598
- Gross operating margin +€14,418
up €14,418 (+377%), from €3,825 to €18,242
- Write-downs +€3,041
new in 2025: €3,041
- Taxes +€2,481
new in 2025: €2,481
- Depreciation +€981
up €981 (+44.7%), from €2,194 to €3,175
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 | €127,868 | €126,135 | -€1,733 | -1.4% |
| Fixed assets | 21/28 | €12,224 | €10,395 | -€1,829 | -15.0% |
| Tangible fixed assets | 22/27 | €6,874 | €5,045 | -€1,829 | -26.6% |
| Furniture and vehicles | 24 | €6,874 | €5,045 | -€1,829 | -26.6% |
| Financial fixed assets | 28 | €5,351 | €5,351 | = | 0.0% |
| Current assets | 29/58 | €115,644 | €115,740 | +€96 | +0.1% |
| Stocks and contracts in progress | 3 | €51,997 | €47,377 | -€4,620 | -8.9% |
| Stocks | 30/36 | €51,997 | €47,377 | -€4,620 | -8.9% |
| Amounts receivable within one year | 40/41 | €40,693 | €30,481 | -€10,212 | -25.1% |
| Trade receivables | 40 | €33,399 | €22,255 | -€11,143 | -33.4% |
| Other amounts receivable | 41 | €7,295 | €8,225 | +€931 | +12.8% |
| Cash at bank and in hand | 54/58 | €22,656 | €37,584 | +€14,928 | +65.9% |
| Deferred charges and accrued income | 490/1 | €298 | €298 | = | 0.0% |
| Total equity and liabilities | 10/49 | €127,868 | €126,135 | -€1,733 | -1.4% |
| Equity | 10/15 | €90,457 | €77,147 | -€13,310 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,171 | €61,861 | -€13,310 | -17.7% |
| Non-distributable reserves | 130/1 | €2,568 | €2,568 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,568 | €2,568 | = | 0.0% |
| Distributable reserves | 133 | €72,603 | €59,293 | -€13,310 | -18.3% |
| Profit (loss) carried forward | 14 | -€3,314 | -€3,314 | = | 0.0% |
| Amounts payable | 17/49 | €37,411 | €48,988 | +€11,577 | +30.9% |
| Amounts payable within one year | 42/48 | €37,411 | €48,988 | +€11,577 | +30.9% |
| Trade debts | 44 | €35,528 | €26,598 | -€8,931 | -25.1% |
| Suppliers | 440/4 | €35,528 | €26,598 | -€8,931 | -25.1% |
| Taxes, remuneration and social security | 45 | €1,883 | €2,390 | +€508 | +27.0% |
| Taxes | 450/3 | €1,883 | €2,390 | +€508 | +27.0% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,194 | €3,175 | +€981 | +44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,041 | +€3,041 | |
| Other operating charges | 640/8 | €700 | €643 | -€57 | -8.1% |
| Gross operating margin | 9900 | €3,825 | €18,242 | +€14,418 | +377% |
| Operating profit (loss) | 9901 | €931 | €11,383 | +€10,452 | +1,123% |
| Financial income | 75/76B | €9 | €44 | +€34 | +373% |
| Recurring financial income | 75 | €9 | €44 | +€34 | +373% |
| Financial charges | 65/66B | €697 | €866 | +€169 | +24.3% |
| Recurring financial charges | 65 | €697 | €866 | +€169 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €243 | €10,561 | +€10,317 | +4,239% |
| Income taxes | 67/77 | - | €2,481 | +€2,481 | |
| Profit (loss) for the period | 9904 | €243 | €8,080 | +€7,837 | +3,220% |
| Profit (loss) for the period to be appropriated | 9905 | €243 | €8,080 | +€7,837 | +3,220% |
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 24 October 2026 via checked.be.