Montako: 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.
Montako
Largest movements
- Cash +€76,729
up €76,729 (+75.1%), from €102,120 to €178,849
mainly Net result for the year (+€109,172) and Receivables within one year (+€16,741)
- Receivables within one year -€16,741
down €16,741 (-10.0%), from €167,142 to €150,401
of which Other amounts receivable: -€18,708
- Profit (loss) carried forward +€85,672
up €85,672 (+41.5%), from €206,375 to €292,047
- Other debts -€21,500
down €21,500 (-47.8%), from €45,000 to €23,500
- Tax, wage and social debts -€6,000
down €6,000 (-27.3%), from €22,000 to €16,000
- Gross operating margin +€78,339
up €78,339 (+70.3%), from €111,429 to €189,769
- Other operating charges +€43,571
up €43,571 (+2,243%), from €1,942 to €45,513
- Taxes +€10,585
up €10,585 (+49.1%), from €21,547 to €32,133
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 | €273,862 | €333,380 | +€59,517 | +21.7% |
| Fixed assets | 21/28 | €4,600 | €4,129 | -€471 | -10.2% |
| Tangible fixed assets | 22/27 | €4,600 | €4,129 | -€471 | -10.2% |
| Furniture and vehicles | 24 | €4,600 | €4,129 | -€471 | -10.2% |
| Current assets | 29/58 | €269,262 | €329,251 | +€59,988 | +22.3% |
| Amounts receivable within one year | 40/41 | €167,142 | €150,401 | -€16,741 | -10.0% |
| Trade receivables | 40 | €123,771 | €125,738 | +€1,967 | +1.6% |
| Other amounts receivable | 41 | €43,371 | €24,664 | -€18,708 | -43.1% |
| Cash at bank and in hand | 54/58 | €102,120 | €178,849 | +€76,729 | +75.1% |
| Total equity and liabilities | 10/49 | €273,862 | €333,380 | +€59,517 | +21.7% |
| Equity | 10/15 | €206,375 | €292,048 | +€85,673 | +41.5% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Profit (loss) carried forward | 14 | €206,375 | €292,047 | +€85,672 | +41.5% |
| Amounts payable | 17/49 | €67,487 | €41,331 | -€26,156 | -38.8% |
| Amounts payable within one year | 42/48 | €67,487 | €41,331 | -€26,156 | -38.8% |
| Trade debts | 44 | €487 | €1,831 | +€1,344 | +276% |
| Suppliers | 440/4 | €487 | €1,831 | +€1,344 | +276% |
| Taxes, remuneration and social security | 45 | €22,000 | €16,000 | -€6,000 | -27.3% |
| Taxes | 450/3 | €22,000 | €16,000 | -€6,000 | -27.3% |
| Other amounts payable | 47/48 | €45,000 | €23,500 | -€21,500 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,300 | €2,872 | +€572 | +24.9% |
| Other operating charges | 640/8 | €1,942 | €45,513 | +€43,571 | +2,243% |
| Gross operating margin | 9900 | €111,429 | €189,769 | +€78,339 | +70.3% |
| Operating profit (loss) | 9901 | €107,187 | €141,383 | +€34,196 | +31.9% |
| Financial charges | 65/66B | €67 | €78 | +€11 | +16.4% |
| Recurring financial charges | 65 | €67 | €78 | +€11 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €107,120 | €141,305 | +€34,185 | +31.9% |
| Income taxes | 67/77 | €21,547 | €32,133 | +€10,585 | +49.1% |
| Profit (loss) for the period | 9904 | €85,573 | €109,172 | +€23,600 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,573 | €109,172 | +€23,600 | +27.6% |
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 19 October 2026 via checked.be.