MONTANNA: 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.
MONTANNA
Largest movements
- Receivables within one year -€2,784
down €2,784 (-40.2%), from €6,925 to €4,141
of which Other amounts receivable: -€4,743
- Cash +€2,226
up €2,226 (+37.3%), from €5,963 to €8,189
mainly Net result for the year (+€10,317) and Trade debts (+€4,212)
- Tangible fixed assets +€1,012
up €1,012 (+57.4%), from €1,763 to €2,776
- Financial fixed assets +€321
new in 2025: €321
- Tax, wage and social debts -€13,754
down €13,754 (-60.0%), from €22,910 to €9,156
- Profit (loss) carried forward +€10,317
up €10,317 (+36.3%), from -€28,452 to -€18,135
- Trade debts +€4,212
up €4,212 (+163%), from €2,584 to €6,796
- Gross operating margin +€38,716
up €38,716, from -€14,056 to €24,660
- Other operating charges +€5,753
up €5,753 (+272%), from €2,113 to €7,866
- Taxes +€3,429
up €3,429 (+2,679%), from €128 to €3,557
- Financial charges -€318
down €318 (-31.3%), from €1,014 to €696
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 | €14,651 | €15,426 | +€775 | +5.3% |
| Fixed assets | 21/28 | €1,763 | €3,097 | +€1,333 | +75.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,763 | €2,776 | +€1,012 | +57.4% |
| Furniture and vehicles | 24 | €1,763 | €2,776 | +€1,012 | +57.4% |
| Financial fixed assets | 28 | - | €321 | +€321 | |
| Current assets | 29/58 | €12,888 | €12,329 | -€558 | -4.3% |
| Amounts receivable within one year | 40/41 | €6,925 | €4,141 | -€2,784 | -40.2% |
| Trade receivables | 40 | €0 | €1,959 | +€1,959 | |
| Other amounts receivable | 41 | €6,925 | €2,182 | -€4,743 | -68.5% |
| Cash at bank and in hand | 54/58 | €5,963 | €8,189 | +€2,226 | +37.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €14,651 | €15,426 | +€775 | +5.3% |
| Equity | 10/15 | -€10,843 | -€526 | +€10,317 | +95.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €15,109 | €15,109 | = | 0.0% |
| Distributable reserves | 133 | €15,109 | €15,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,452 | -€18,135 | +€10,317 | +36.3% |
| Amounts payable | 17/49 | €25,494 | €15,952 | -€9,542 | -37.4% |
| Amounts payable within one year | 42/48 | €25,494 | €15,952 | -€9,542 | -37.4% |
| Trade debts | 44 | €2,584 | €6,796 | +€4,212 | +163% |
| Suppliers | 440/4 | €2,584 | €6,796 | +€4,212 | +163% |
| Taxes, remuneration and social security | 45 | €22,910 | €9,156 | -€13,754 | -60.0% |
| Taxes | 450/3 | €22,910 | €9,156 | -€13,754 | -60.0% |
| Remuneration, social security and pensions | 62 | €172 | €0 | -€172 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,175 | €2,223 | +€48 | +2.2% |
| Other operating charges | 640/8 | €2,113 | €7,866 | +€5,753 | +272% |
| Gross operating margin | 9900 | -€14,056 | €24,660 | +€38,716 | |
| Operating profit (loss) | 9901 | -€18,517 | €14,571 | +€33,087 | |
| Financial income | 75/76B | €225 | €0 | -€225 | -100% |
| Recurring financial income | 75 | €225 | €0 | -€225 | -100% |
| Financial charges | 65/66B | €1,014 | €696 | -€318 | -31.3% |
| Recurring financial charges | 65 | €1,014 | €696 | -€318 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,306 | €13,874 | +€33,180 | |
| Income taxes | 67/77 | €128 | €3,557 | +€3,429 | +2,679% |
| Profit (loss) for the period | 9904 | -€19,434 | €10,317 | +€29,751 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,434 | €10,317 | +€29,751 |
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 29 October 2026 via checked.be.