Montamigo: 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.
Montamigo
Largest movements
- Stocks and contracts +€584,192
up €584,192 (+49.3%), from €1.2m to €1.8m
- Short-term financial debts +€583,770
up €583,770 (+87.3%), from €668,619 to €1.3m
- Trade debts -€23,842
down €23,842 (-30.5%), from €78,069 to €54,227
- Other debts +€21,288
up €21,288 (+6.1%), from €350,360 to €371,648
- Gross operating margin -€46,879
down €46,879 (-52.0%), from €90,183 to €43,304
- Financial charges +€18,201
up €18,201 (+64.1%), from €28,392 to €46,593
- Taxes -€14,000
no longer reported in 2025 (was €14,000)
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 | €1,205,947 | €1,782,877 | +€576,929 | +47.8% |
| Current assets | 29/58 | €1,205,947 | €1,782,877 | +€576,929 | +47.8% |
| Stocks and contracts in progress | 3 | €1,183,820 | €1,768,013 | +€584,192 | +49.3% |
| Stocks | 30/36 | €1,183,820 | €1,768,013 | +€584,192 | +49.3% |
| Amounts receivable within one year | 40/41 | €16,562 | €14,617 | -€1,945 | -11.7% |
| Other amounts receivable | 41 | €16,562 | €14,617 | -€1,945 | -11.7% |
| Cash at bank and in hand | 54/58 | €5,565 | €247 | -€5,318 | -95.6% |
| Total equity and liabilities | 10/49 | €1,205,947 | €1,782,877 | +€576,929 | +47.8% |
| Equity | 10/15 | €94,899 | €90,613 | -€4,286 | -4.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,799 | €89,513 | -€4,286 | -4.6% |
| Amounts payable | 17/49 | €1,111,048 | €1,692,264 | +€581,216 | +52.3% |
| Amounts payable within one year | 42/48 | €1,111,048 | €1,692,264 | +€581,216 | +52.3% |
| Financial debts | 43 | €668,619 | €1,252,388 | +€583,770 | +87.3% |
| Credit institutions | 430/8 | €668,619 | €1,252,388 | +€583,770 | +87.3% |
| Trade debts | 44 | €78,069 | €54,227 | -€23,842 | -30.5% |
| Suppliers | 440/4 | €78,069 | €54,227 | -€23,842 | -30.5% |
| Taxes, remuneration and social security | 45 | €14,000 | €14,000 | = | 0.0% |
| Taxes | 450/3 | €14,000 | €14,000 | = | 0.0% |
| Other amounts payable | 47/48 | €350,360 | €371,648 | +€21,288 | +6.1% |
| Other operating charges | 640/8 | €2,093 | €1,331 | -€762 | -36.4% |
| Gross operating margin | 9900 | €90,183 | €43,304 | -€46,879 | -52.0% |
| Operating profit (loss) | 9901 | €88,090 | €41,973 | -€46,117 | -52.4% |
| Financial income | 75/76B | €0 | €334 | +€334 | +1,113,200% |
| Recurring financial income | 75 | €0 | €334 | +€334 | +1,113,200% |
| Financial charges | 65/66B | €28,392 | €46,593 | +€18,201 | +64.1% |
| Recurring financial charges | 65 | €28,392 | €46,593 | +€18,201 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €59,698 | -€4,286 | -€63,984 | |
| Income taxes | 67/77 | €14,000 | - | -€14,000 | |
| Profit (loss) for the period | 9904 | €45,698 | -€4,286 | -€49,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,698 | -€4,286 | -€49,984 |
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 31 October 2026 via checked.be.