MONTANA: 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.
MONTANA
Largest movements
- Receivables within one year -€31,056
no longer reported in 2025 (was €31,056)
- Tangible fixed assets -€9,095
down €9,095 (-2.6%), from €347,555 to €338,460
- Debts after one year -€147,372
no longer reported in 2025 (was €147,372)
- Other debts +€132,072
up €132,072 (+68.3%), from €193,390 to €325,462
- Current portion of long-term debt -€26,655
no longer reported in 2025 (was €26,655)
- Financial income -€6,295
no longer reported in 2025 (was €6,295)
- Gross operating margin +€2,160
up €2,160 (+13.6%), from €15,840 to €18,000
- Financial charges +€1,929
up €1,929 (+81.0%), from €2,380 to €4,309
- Other operating charges +€1,264
up €1,264 (+622%), from €203 to €1,467
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 | €379,108 | €341,077 | -€38,031 | -10.0% |
| Fixed assets | 21/28 | €347,555 | €338,460 | -€9,095 | -2.6% |
| Tangible fixed assets | 22/27 | €347,555 | €338,460 | -€9,095 | -2.6% |
| Land and buildings | 22 | €347,555 | €338,460 | -€9,095 | -2.6% |
| Current assets | 29/58 | €31,553 | €2,616 | -€28,937 | -91.7% |
| Amounts receivable within one year | 40/41 | €31,056 | - | -€31,056 | |
| Other amounts receivable | 41 | €31,056 | - | -€31,056 | |
| Cash at bank and in hand | 54/58 | €498 | €2,616 | +€2,119 | +426% |
| Total equity and liabilities | 10/49 | €379,108 | €341,077 | -€38,031 | -10.0% |
| Equity | 10/15 | €10,986 | €14,115 | +€3,129 | +28.5% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Contributions outside capital | 11 | €19,831 | €19,831 | = | 0.0% |
| Other | 1109/19 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,829 | -€7,699 | +€3,129 | +28.9% |
| Amounts payable | 17/49 | €368,122 | €326,962 | -€41,161 | -11.2% |
| Amounts payable after more than one year | 17 | €147,372 | - | -€147,372 | |
| Financial debts | 170/4 | €147,372 | - | -€147,372 | |
| Amounts payable within one year | 42/48 | €220,751 | €325,462 | +€104,711 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €26,655 | - | -€26,655 | |
| Financial debts | 43 | €706 | - | -€706 | |
| Credit institutions | 430/8 | €706 | - | -€706 | |
| Other amounts payable | 47/48 | €193,390 | €325,462 | +€132,072 | +68.3% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,095 | €9,095 | = | 0.0% |
| Other operating charges | 640/8 | €203 | €1,467 | +€1,264 | +622% |
| Gross operating margin | 9900 | €15,840 | €18,000 | +€2,160 | +13.6% |
| Operating profit (loss) | 9901 | €6,543 | €7,438 | +€896 | +13.7% |
| Financial income | 75/76B | €6,295 | - | -€6,295 | |
| Recurring financial income | 75 | €6,295 | - | -€6,295 | |
| Financial charges | 65/66B | €2,380 | €4,309 | +€1,929 | +81.0% |
| Recurring financial charges | 65 | €2,380 | €4,309 | +€1,929 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €10,458 | €3,129 | -€7,328 | -70.1% |
| Profit (loss) for the period | 9904 | €10,458 | €3,129 | -€7,328 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,458 | €3,129 | -€7,328 | -70.1% |
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.