MONTARA: what changed
Two fiscal 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.
MONTARA
Largest movements
- Cash +€17,779
up €17,779 (+200.7%), from €8,860 to €26,639
mainly Net result for the year (+€18,899) and Depreciation (+€2,080)
- Profit (loss) carried forward +€18,899
up €18,899 (+13.6%), from -€139,461 to -€120,562
- Gross operating margin +€3,690
up €3,690 (+20.3%), from €18,178 to €21,868
- Financial income +€2,961
new in 2025: €2,961
- Depreciation -€249
down €249 (-10.7%), from €2,329 to €2,080
- Other operating charges +€231
up €231 (+6.7%), from €3,466 to €3,697
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.
Cash bridge derived
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 | €322,833 | €338,532 | +€15,699 | +4.9% |
| Fixed assets | 21/28 | €313,973 | €311,893 | -€2,080 | -0.7% |
| Tangible fixed assets | 22/27 | €313,973 | €311,893 | -€2,080 | -0.7% |
| Other tangible fixed assets | 26 | €313,973 | €311,893 | -€2,080 | -0.7% |
| Current assets | 29/58 | €8,860 | €26,639 | +€17,779 | +200.7% |
| Cash at bank and in hand | 54/58 | €8,860 | €26,639 | +€17,779 | +200.7% |
| Total equity and liabilities | 10/49 | €322,833 | €338,532 | +€15,699 | +4.9% |
| Equity | 10/15 | €262,641 | €281,541 | +€18,899 | +7.2% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Outside capital | 11 | €173,525 | €173,525 | = | 0.0% |
| Other | 1109/19 | €173,525 | €173,525 | = | 0.0% |
| Revaluation surpluses | 12 | €228,577 | €228,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,461 | -€120,562 | +€18,899 | +13.6% |
| Amounts payable | 17/49 | €60,192 | €56,991 | -€3,201 | -5.3% |
| Amounts payable within one year | 42/48 | €60,192 | €56,991 | -€3,201 | -5.3% |
| Trade debts | 44 | €3,201 | €0 | -€3,201 | -100.0% |
| Suppliers | 440/4 | €3,201 | €0 | -€3,201 | -100.0% |
| Other amounts payable | 47/48 | €56,991 | €56,991 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,329 | €2,080 | -€249 | -10.7% |
| Other operating charges | 640/8 | €3,466 | €3,697 | +€231 | +6.7% |
| Gross operating margin | 9900 | €18,178 | €21,868 | +€3,690 | +20.3% |
| Operating profit (loss) | 9901 | €12,383 | €16,092 | +€3,708 | +29.9% |
| Financial income | 75/76B | - | €2,961 | +€2,961 | |
| Recurring financial income | 75 | - | €2,961 | +€2,961 | |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €12,230 | €18,899 | +€6,669 | +54.5% |
| Profit (loss) for the period | 9904 | €12,230 | €18,899 | +€6,669 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,230 | €18,899 | +€6,669 | +54.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.