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
- Tangible fixed assets -€10,674
down €10,674 (-20.1%), from €53,150 to €42,476
of which Furniture and vehicles: -€10,311
- Receivables within one year -€4,901
down €4,901 (-56.7%), from €8,637 to €3,736
of which Trade receivables: -€3,267
- Cash +€3,855
up €3,855 (+30.7%), from €12,554 to €16,409
mainly Depreciation (+€10,674) and Receivables within one year (+€4,901)
- Other debts -€4,481
down €4,481 (-61.4%), from €7,300 to €2,820
- Profit (loss) carried forward -€3,407
down €3,407 (-220%), from -€1,548 to -€4,955
- Trade debts -€2,609
down €2,609 (-84.3%), from €3,095 to €486
- Tax, wage and social debts -€968
no longer reported in 2025 (was €968)
- Depreciation +€3,361
up €3,361 (+46.0%), from €7,312 to €10,674
- Gross operating margin -€993
down €993 (-9.5%), from €10,487 to €9,494
- Taxes -€968
down €968 (-100%), from €968 to €0
- Other operating charges -€535
down €535 (-21.3%), from €2,510 to €1,975
- Financial charges +€112
up €112 (+79.7%), from €141 to €253
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 | €75,915 | €64,451 | -€11,465 | -15.1% |
| Fixed assets | 21/28 | €53,150 | €42,476 | -€10,674 | -20.1% |
| Tangible fixed assets | 22/27 | €53,150 | €42,476 | -€10,674 | -20.1% |
| Land and buildings | 22 | €9,916 | €9,916 | = | 0.0% |
| Plant, machinery and equipment | 23 | €363 | €0 | -€363 | -100.0% |
| Furniture and vehicles | 24 | €42,871 | €32,561 | -€10,311 | -24.1% |
| Current assets | 29/58 | €22,765 | €21,974 | -€791 | -3.5% |
| Amounts receivable within one year | 40/41 | €8,637 | €3,736 | -€4,901 | -56.7% |
| Trade receivables | 40 | €3,267 | €0 | -€3,267 | -100% |
| Other amounts receivable | 41 | €5,370 | €3,736 | -€1,634 | -30.4% |
| Cash at bank and in hand | 54/58 | €12,554 | €16,409 | +€3,855 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,574 | €1,830 | +€256 | +16.2% |
| Total equity and liabilities | 10/49 | €75,915 | €64,451 | -€11,465 | -15.1% |
| Equity | 10/15 | €64,552 | €61,145 | -€3,407 | -5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,100 | €4,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,100 | €4,100 | = | 0.0% |
| Legal reserve | 130 | €4,100 | €4,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,548 | -€4,955 | -€3,407 | -220% |
| Amounts payable | 17/49 | €11,363 | €3,306 | -€8,057 | -70.9% |
| Amounts payable within one year | 42/48 | €11,363 | €3,306 | -€8,057 | -70.9% |
| Trade debts | 44 | €3,095 | €486 | -€2,609 | -84.3% |
| Suppliers | 440/4 | €3,095 | €486 | -€2,609 | -84.3% |
| Taxes, remuneration and social security | 45 | €968 | - | -€968 | |
| Taxes | 450/3 | €968 | - | -€968 | |
| Other amounts payable | 47/48 | €7,300 | €2,820 | -€4,481 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,312 | €10,674 | +€3,361 | +46.0% |
| Other operating charges | 640/8 | €2,510 | €1,975 | -€535 | -21.3% |
| Gross operating margin | 9900 | €10,487 | €9,494 | -€993 | -9.5% |
| Operating profit (loss) | 9901 | €665 | -€3,154 | -€3,819 | |
| Financial charges | 65/66B | €141 | €253 | +€112 | +79.7% |
| Recurring financial charges | 65 | €141 | €253 | +€112 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €524 | -€3,407 | -€3,931 | |
| Income taxes | 67/77 | €968 | €0 | -€968 | -100% |
| Profit (loss) for the period | 9904 | -€444 | -€3,407 | -€2,963 | -668% |
| Profit (loss) for the period to be appropriated | 9905 | -€444 | -€3,407 | -€2,963 | -668% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.