Montage - Cools: what changed
Montage - Cools
Largest movements
- Cash -€26,186
down €26,186 (-27.9%), from €93,777 to €67,591
mainly Receivables within one year (-€19,660) and Contributions, distributions and other (-€16,047)
- Receivables within one year +€19,660
up €19,660 (+72.7%), from €27,051 to €46,711
of which Trade receivables: +€18,221
- Deferred charges and accrued income +€13,931
up €13,931 (+1,880%), from €741 to €14,672
- Tangible fixed assets -€8,513
down €8,513 (-22.7%), from €37,519 to €29,006
of which Leasing and similar rights: -€5,823
- Reserves -€16,047
down €16,047 (-36.2%), from €44,295 to €28,248
- Trade debts +€13,321
up €13,321 (+344%), from €3,874 to €17,195
- Advances received +€12,697
new in 2025: €12,697
- Profit (loss) carried forward +€8,102
up €8,102 (+17.7%), from €45,733 to €53,835
- Debts after one year -€7,764
down €7,764 (-39.7%), from €19,562 to €11,798
- Gross operating margin -€24,542
down €24,542 (-51.6%), from €47,572 to €23,030
- Taxes -€5,182
down €5,182 (-64.1%), from €8,081 to €2,899
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 | €160,785 | €159,032 | -€1,753 | -1.1% |
| Fixed assets | 21/28 | €39,215 | €30,058 | -€9,158 | -23.4% |
| Intangible fixed assets | 21 | €1,696 | €1,052 | -€644 | -38.0% |
| Tangible fixed assets | 22/27 | €37,519 | €29,006 | -€8,513 | -22.7% |
| Land and buildings | 22 | €9,982 | €8,156 | -€1,827 | -18.3% |
| Furniture and vehicles | 24 | €3,403 | €2,539 | -€864 | -25.4% |
| Leasing and similar rights | 25 | €24,135 | €18,312 | -€5,823 | -24.1% |
| Current assets | 29/58 | €121,569 | €128,974 | +€7,405 | +6.1% |
| Amounts receivable within one year | 40/41 | €27,051 | €46,711 | +€19,660 | +72.7% |
| Trade receivables | 40 | €19,837 | €38,058 | +€18,221 | +91.9% |
| Other amounts receivable | 41 | €7,214 | €8,653 | +€1,439 | +19.9% |
| Cash at bank and in hand | 54/58 | €93,777 | €67,591 | -€26,186 | -27.9% |
| Deferred charges and accrued income | 490/1 | €741 | €14,672 | +€13,931 | +1,880% |
| Total equity and liabilities | 10/49 | €160,785 | €159,032 | -€1,753 | -1.1% |
| Equity | 10/15 | €108,629 | €100,683 | -€7,945 | -7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,295 | €28,248 | -€16,047 | -36.2% |
| Distributable reserves | 133 | €44,295 | €28,248 | -€16,047 | -36.2% |
| Profit (loss) carried forward | 14 | €45,733 | €53,835 | +€8,102 | +17.7% |
| Amounts payable | 17/49 | €52,156 | €58,349 | +€6,193 | +11.9% |
| Amounts payable after more than one year | 17 | €19,562 | €11,798 | -€7,764 | -39.7% |
| Financial debts | 170/4 | €19,562 | €11,798 | -€7,764 | -39.7% |
| Amounts payable within one year | 42/48 | €28,640 | €45,246 | +€16,606 | +58.0% |
| Current portion of amounts payable after more than one year | 42 | €9,959 | €7,764 | -€2,195 | -22.0% |
| Trade debts | 44 | €3,874 | €17,195 | +€13,321 | +344% |
| Suppliers | 440/4 | €3,874 | €17,195 | +€13,321 | +344% |
| Advances received on contracts in progress | 46 | - | €12,697 | +€12,697 | |
| Taxes, remuneration and social security | 45 | €14,807 | €7,589 | -€7,218 | -48.7% |
| Taxes | 450/3 | €14,807 | €7,589 | -€7,218 | -48.7% |
| Accrued charges and deferred income | 492/3 | €3,954 | €1,305 | -€2,649 | -67.0% |
| Non-recurring operating income | 76A | €7,438 | - | -€7,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,179 | €9,375 | +€196 | +2.1% |
| Other operating charges | 640/8 | €1,920 | €1,543 | -€377 | -19.6% |
| Gross operating margin | 9900 | €47,572 | €23,030 | -€24,542 | -51.6% |
| Operating profit (loss) | 9901 | €36,474 | €12,113 | -€24,362 | -66.8% |
| Financial income | 75/76B | €6 | €15 | +€9 | +157% |
| Recurring financial income | 75 | €6 | €15 | +€9 | +157% |
| Financial charges | 65/66B | €1,322 | €1,127 | -€195 | -14.7% |
| Recurring financial charges | 65 | €1,322 | €1,127 | -€195 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €35,158 | €11,001 | -€24,157 | -68.7% |
| Income taxes | 67/77 | €8,081 | €2,899 | -€5,182 | -64.1% |
| Profit (loss) for the period | 9904 | €27,077 | €8,102 | -€18,975 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,077 | €8,102 | -€18,975 | -70.1% |
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 6 November 2026 via checked.be.