MONTANA: what changed
What changed
MONTANA
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
-€9,469
2024 · -€15,367+€5,897
Equity
€138,507
2024 · €147,976-€9,469
Cash
-
not filed
Balance sheet total
€254,592
2024 · €278,861-€24,268
Largest movements
Assets
- Tangible fixed assets -€23,189
down €23,189 (-8.8%), from €264,853 to €241,664
of which Plant, machinery and equipment: -€17,588
- Deferred charges and accrued income -€4,875
down €4,875 (-38.1%), from €12,784 to €7,909
- Receivables within one year +€4,196
up €4,196 (+509%), from €824 to €5,020
of which Trade receivables: +€4,981
Equity and liabilities
- Debts after one year -€12,684
down €12,684 (-14.8%), from €85,441 to €72,757
- Profit (loss) carried forward -€9,469
down €9,469 (-35.3%), from -€26,824 to -€36,293
- Current portion of long-term debt -€4,063
down €4,063 (-21.9%), from €18,547 to €14,484
- Other debts +€3,303
up €3,303 (+17.0%), from €19,394 to €22,697
Income statement
- Gross operating margin +€5,267
up €5,267 (+34.8%), from €15,140 to €20,408
- Depreciation -€2,174
down €2,174 (-8.6%), from €25,363 to €23,189
- Financial income -€582
down €582 (-97.0%), from €600 to €18
- Financial charges +€321
up €321 (+11.1%), from €2,898 to €3,219
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€15,367
Gross operating margin
+€5,267
Depreciation
+€2,174
Other operating charges
+€159
Other operating items
-€800
Financial income
-€582
Financial charges
-€321
Result 2025
-€9,469
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,861 | €254,592 | -€24,268 | -8.7% |
| Fixed assets | 21/28 | €265,253 | €241,664 | -€23,589 | -8.9% |
| Tangible fixed assets | 22/27 | €264,853 | €241,664 | -€23,189 | -8.8% |
| Land and buildings | 22 | €182,885 | €179,738 | -€3,147 | -1.7% |
| Plant, machinery and equipment | 23 | €79,514 | €61,926 | -€17,588 | -22.1% |
| Furniture and vehicles | 24 | €2,454 | €0 | -€2,454 | -100% |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100% |
| Current assets | 29/58 | €13,608 | €12,928 | -€679 | -5.0% |
| Amounts receivable within one year | 40/41 | €824 | €5,020 | +€4,196 | +509% |
| Trade receivables | 40 | €39 | €5,020 | +€4,981 | +12,821% |
| Other amounts receivable | 41 | €785 | €0 | -€785 | -100% |
| Deferred charges and accrued income | 490/1 | €12,784 | €7,909 | -€4,875 | -38.1% |
| Total equity and liabilities | 10/49 | €278,861 | €254,592 | -€24,268 | -8.7% |
| Equity | 10/15 | €147,976 | €138,507 | -€9,469 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €0 | -€6,200 | -100% |
| Reserves not available under the articles | 1311 | €6,200 | €0 | -€6,200 | -100% |
| Distributable reserves | 133 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€26,824 | -€36,293 | -€9,469 | -35.3% |
| Amounts payable | 17/49 | €130,884 | €116,086 | -€14,799 | -11.3% |
| Amounts payable after more than one year | 17 | €85,441 | €72,757 | -€12,684 | -14.8% |
| Financial debts | 170/4 | €85,441 | €72,757 | -€12,684 | -14.8% |
| Amounts payable within one year | 42/48 | €45,036 | €41,767 | -€3,269 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €18,547 | €14,484 | -€4,063 | -21.9% |
| Financial debts | 43 | €1,502 | €395 | -€1,107 | -73.7% |
| Credit institutions | 430/8 | €1,502 | €395 | -€1,107 | -73.7% |
| Trade debts | 44 | €5,592 | €2,900 | -€2,692 | -48.1% |
| Suppliers | 440/4 | €5,592 | €2,900 | -€2,692 | -48.1% |
| Advances received on contracts in progress | 46 | - | €700 | +€700 | |
| Taxes, remuneration and social security | 45 | €0 | €590 | +€590 | |
| Taxes | 450/3 | €0 | €590 | +€590 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,394 | €22,697 | +€3,303 | +17.0% |
| Accrued charges and deferred income | 492/3 | €407 | €1,562 | +€1,155 | +284% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,363 | €23,189 | -€2,174 | -8.6% |
| Other operating charges | 640/8 | €2,847 | €2,688 | -€159 | -5.6% |
| Non-recurring operating charges | 66A | - | €800 | +€800 | |
| Gross operating margin | 9900 | €15,140 | €20,408 | +€5,267 | +34.8% |
| Operating profit (loss) | 9901 | -€13,069 | -€6,269 | +€6,801 | +52.0% |
| Financial income | 75/76B | €600 | €18 | -€582 | -97.0% |
| Recurring financial income | 75 | €600 | €18 | -€582 | -97.0% |
| Financial charges | 65/66B | €2,898 | €3,219 | +€321 | +11.1% |
| Recurring financial charges | 65 | €2,898 | €3,219 | +€321 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,367 | -€9,469 | +€5,897 | +38.4% |
| Profit (loss) for the period | 9904 | -€15,367 | -€9,469 | +€5,897 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,367 | -€9,469 | +€5,897 | +38.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.