MONTAUFOR: 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.
MONTAUFOR
Largest movements
- Tangible fixed assets -€36,586
down €36,586 (-6.7%), from €548,250 to €511,664
of which Land and buildings: -€36,500
- Profit (loss) carried forward -€40,683
down €40,683 (-4.3%), from -€956,707 to -€997,390
- Gross operating margin -€19,215
down €19,215 (-79.0%), from €24,321 to €5,106
- Other operating charges +€267
up €267 (+3.0%), from €9,036 to €9,303
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 | €573,521 | €533,254 | -€40,267 | -7.0% |
| Fixed assets | 21/28 | €548,250 | €511,664 | -€36,586 | -6.7% |
| Tangible fixed assets | 22/27 | €548,250 | €511,664 | -€36,586 | -6.7% |
| Land and buildings | 22 | €548,164 | €511,664 | -€36,500 | -6.7% |
| Furniture and vehicles | 24 | €86 | - | -€86 | |
| Current assets | 29/58 | €25,271 | €21,590 | -€3,682 | -14.6% |
| Amounts receivable within one year | 40/41 | €33 | €33 | = | 0.0% |
| Other amounts receivable | 41 | €33 | €33 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,238 | €21,557 | -€3,682 | -14.6% |
| Total equity and liabilities | 10/49 | €573,521 | €533,254 | -€40,267 | -7.0% |
| Equity | 10/15 | €304,148 | €263,465 | -€40,683 | -13.4% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Revaluation surpluses | 12 | €605,359 | €605,359 | = | 0.0% |
| Reserves | 13 | €5,495 | €5,495 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,495 | €5,495 | = | 0.0% |
| Legal reserve | 130 | €41 | €41 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,454 | €5,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€956,707 | -€997,390 | -€40,683 | -4.3% |
| Amounts payable | 17/49 | €269,374 | €269,789 | +€416 | +0.2% |
| Amounts payable within one year | 42/48 | €269,374 | €269,789 | +€416 | +0.2% |
| Trade debts | 44 | €139 | €555 | +€416 | +298.4% |
| Suppliers | 440/4 | €139 | €555 | +€416 | +298.4% |
| Other amounts payable | 47/48 | €269,234 | €269,234 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,586 | €36,586 | -€0 | 0.0% |
| Other operating charges | 640/8 | €9,036 | €9,303 | +€267 | +3.0% |
| Gross operating margin | 9900 | €24,321 | €5,106 | -€19,215 | -79.0% |
| Operating profit (loss) | 9901 | -€21,301 | -€40,782 | -€19,482 | -91.5% |
| Financial income | 75/76B | €111 | €144 | +€34 | +30.4% |
| Recurring financial income | 75 | €111 | €144 | +€34 | +30.4% |
| Financial charges | 65/66B | €47 | €45 | -€2 | -4.3% |
| Recurring financial charges | 65 | €47 | €45 | -€2 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,237 | -€40,683 | -€19,446 | -91.6% |
| Profit (loss) for the period | 9904 | -€21,237 | -€40,683 | -€19,446 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,237 | -€40,683 | -€19,446 | -91.6% |
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 5 October 2026 via checked.be.