MONTANA: what changed
MONTANA
Largest movements
- Cash +€19,977
up €19,977 (+692%), from €2,885 to €22,862
mainly Net result for the year (+€20,544) and Depreciation (+€1,793)
- Receivables within one year +€3,164
up €3,164 (+8.6%), from €36,931 to €40,095
of which Other amounts receivable: +€3,964
- Tangible fixed assets -€1,793
down €1,793 (-33.3%), from €5,390 to €3,596
of which Furniture and vehicles: -€1,363
- Reserves +€20,000
up €20,000 (+169%), from €11,859 to €31,859
of which Distributable reserves: +€20,000
- Trade debts +€1,000
up €1,000 (+346%), from €289 to €1,289
- Advances received -€1,000
no longer reported in 2025 (was €1,000)
- Tax, wage and social debts +€804
up €804 (+53.9%), from €1,492 to €2,296
- Gross operating margin +€39,073
up €39,073, from -€15,230 to €23,843
- Taxes +€2,000
new in 2025: €2,000
- Other operating charges -€611
down €611 (-65.7%), from €930 to €318
- Depreciation -€328
down €328 (-15.5%), from €2,121 to €1,793
- Staff costs +€261
up €261 (+186%), from €141 to €401
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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,405 | €66,753 | +€21,348 | +47.0% |
| Fixed assets | 21/28 | €5,589 | €3,795 | -€1,793 | -32.1% |
| Tangible fixed assets | 22/27 | €5,390 | €3,596 | -€1,793 | -33.3% |
| Plant, machinery and equipment | 23 | €719 | €289 | -€430 | -59.8% |
| Furniture and vehicles | 24 | €4,670 | €3,307 | -€1,363 | -29.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €199 | €199 | = | 0.0% |
| Current assets | 29/58 | €39,816 | €62,958 | +€23,141 | +58.1% |
| Amounts receivable within one year | 40/41 | €36,931 | €40,095 | +€3,164 | +8.6% |
| Trade receivables | 40 | €5,156 | €4,356 | -€800 | -15.5% |
| Other amounts receivable | 41 | €31,775 | €35,739 | +€3,964 | +12.5% |
| Cash at bank and in hand | 54/58 | €2,885 | €22,862 | +€19,977 | +692% |
| Total equity and liabilities | 10/49 | €45,405 | €66,753 | +€21,348 | +47.0% |
| Equity | 10/15 | €42,624 | €63,168 | +€20,544 | +48.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,859 | €31,859 | +€20,000 | +169% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €30,000 | +€20,000 | +200% |
| Profit (loss) carried forward | 14 | €12,173 | €12,716 | +€544 | +4.5% |
| Amounts payable | 17/49 | €2,781 | €3,585 | +€804 | +28.9% |
| Amounts payable within one year | 42/48 | €2,781 | €3,585 | +€804 | +28.9% |
| Trade debts | 44 | €289 | €1,289 | +€1,000 | +346% |
| Suppliers | 440/4 | €289 | €1,289 | +€1,000 | +346% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €1,492 | €2,296 | +€804 | +53.9% |
| Taxes | 450/3 | €1,492 | €2,296 | +€804 | +53.9% |
| Remuneration, social security and pensions | 62 | €141 | €401 | +€261 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,121 | €1,793 | -€328 | -15.5% |
| Other operating charges | 640/8 | €930 | €318 | -€611 | -65.7% |
| Gross operating margin | 9900 | -€15,230 | €23,843 | +€39,073 | |
| Operating profit (loss) | 9901 | -€18,421 | €21,330 | +€39,751 | |
| Financial income | 75/76B | €1,908 | €1,716 | -€191 | -10.0% |
| Recurring financial income | 75 | €1,908 | €1,716 | -€191 | -10.0% |
| Financial charges | 65/66B | €489 | €502 | +€14 | +2.8% |
| Recurring financial charges | 65 | €489 | €502 | +€14 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,003 | €22,544 | +€39,546 | |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | -€17,003 | €20,544 | +€37,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,003 | €20,544 | +€37,546 |
Next steps
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.