MONTAGE HULP SIMONS: 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.
MONTAGE HULP SIMONS
Largest movements
- Tangible fixed assets -€24,134
down €24,134 (-19.0%), from €127,337 to €103,203
of which Land and buildings: -€14,667
- Cash +€21,540
up €21,540 (+382%), from €5,636 to €27,176
mainly Depreciation (+€26,889) and Receivables within one year (+€12,481)
- Receivables within one year -€12,481
down €12,481 (-43.0%), from €29,023 to €16,542
of which Trade receivables: -€14,392
- Contributions -€12,400
down €12,400 (-86.1%), from €14,400 to €2,000
- Current portion of long-term debt -€11,409
no longer reported in 2025 (was €11,409)
- Reserves +€8,658
up €8,658 (+14.4%), from €60,191 to €68,848
of which Distributable reserves: +€8,658
- Depreciation -€13,252
down €13,252 (-33.0%), from €40,141 to €26,889
- Gross operating margin -€9,517
down €9,517 (-19.5%), from €48,843 to €39,326
- Staff costs +€1,855
no longer reported in 2025 (was -€1,855)
- Taxes +€866
new in 2025: €866
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 | €161,996 | €146,921 | -€15,076 | -9.3% |
| Fixed assets | 21/28 | €127,337 | €103,203 | -€24,134 | -19.0% |
| Tangible fixed assets | 22/27 | €127,337 | €103,203 | -€24,134 | -19.0% |
| Land and buildings | 22 | €106,333 | €91,667 | -€14,667 | -13.8% |
| Plant, machinery and equipment | 23 | €6,602 | €6,562 | -€40 | -0.6% |
| Furniture and vehicles | 24 | €14,402 | €4,975 | -€9,428 | -65.5% |
| Current assets | 29/58 | €34,659 | €43,718 | +€9,058 | +26.1% |
| Amounts receivable within one year | 40/41 | €29,023 | €16,542 | -€12,481 | -43.0% |
| Trade receivables | 40 | €29,023 | €14,631 | -€14,392 | -49.6% |
| Other amounts receivable | 41 | - | €1,911 | +€1,911 | |
| Cash at bank and in hand | 54/58 | €5,636 | €27,176 | +€21,540 | +382% |
| Total equity and liabilities | 10/49 | €161,996 | €146,921 | -€15,076 | -9.3% |
| Equity | 10/15 | €100,985 | €97,243 | -€3,742 | -3.7% |
| Contributions | 10/11 | €14,400 | €2,000 | -€12,400 | -86.1% |
| Reserves | 13 | €60,191 | €68,848 | +€8,658 | +14.4% |
| Tax-exempt reserves | 132 | €29,232 | €29,232 | = | 0.0% |
| Distributable reserves | 133 | €30,959 | €39,616 | +€8,658 | +28.0% |
| Profit (loss) carried forward | 14 | €26,395 | €26,395 | = | 0.0% |
| Amounts payable | 17/49 | €61,011 | €49,678 | -€11,334 | -18.6% |
| Amounts payable within one year | 42/48 | €61,011 | €49,678 | -€11,334 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €11,409 | - | -€11,409 | |
| Trade debts | 44 | €13,932 | €13,808 | -€125 | -0.9% |
| Suppliers | 440/4 | €13,932 | €13,808 | -€125 | -0.9% |
| Taxes, remuneration and social security | 45 | €1,790 | €866 | -€924 | -51.6% |
| Taxes | 450/3 | - | €866 | +€866 | |
| Remuneration and social security | 454/9 | €1,790 | - | -€1,790 | |
| Other amounts payable | 47/48 | €33,880 | €35,004 | +€1,124 | +3.3% |
| Remuneration, social security and pensions | 62 | -€1,855 | - | +€1,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,141 | €26,889 | -€13,252 | -33.0% |
| Other operating charges | 640/8 | €2,824 | €2,726 | -€98 | -3.5% |
| Gross operating margin | 9900 | €48,843 | €39,326 | -€9,517 | -19.5% |
| Operating profit (loss) | 9901 | €7,734 | €9,711 | +€1,978 | +25.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €557 | €188 | -€369 | -66.2% |
| Recurring financial charges | 65 | €557 | €188 | -€369 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €7,177 | €9,524 | +€2,347 | +32.7% |
| Income taxes | 67/77 | - | €866 | +€866 | |
| Profit (loss) for the period | 9904 | €7,177 | €8,658 | +€1,481 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,177 | €8,658 | +€1,481 | +20.6% |
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 25 October 2026 via checked.be.