MONTE: 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.
MONTE
Largest movements
- Tangible fixed assets -€21,198
down €21,198 (-9.5%), from €222,727 to €201,528
of which Land and buildings: -€14,065
- Cash +€10,795
up €10,795 (+39.6%), from €27,230 to €38,025
mainly Depreciation (+€24,628) and Receivables within one year (+€3,472)
- Trade debts -€5,295
down €5,295 (-79.2%), from €6,689 to €1,394
- Gross operating margin -€3,942
down €3,942 (-11.4%), from €34,489 to €30,547
- Depreciation +€2,395
up €2,395 (+10.8%), from €22,233 to €24,628
- Other operating charges +€520
up €520 (+6.1%), from €8,464 to €8,984
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 | €476,789 | €464,252 | -€12,536 | -2.6% |
| Fixed assets | 21/28 | €223,906 | €202,103 | -€21,803 | -9.7% |
| Intangible fixed assets | 21 | €1,167 | €562 | -€605 | -51.8% |
| Tangible fixed assets | 22/27 | €222,727 | €201,528 | -€21,198 | -9.5% |
| Land and buildings | 22 | €192,969 | €178,904 | -€14,065 | -7.3% |
| Plant, machinery and equipment | 23 | €442 | €1,277 | +€835 | +189.0% |
| Furniture and vehicles | 24 | €29,316 | €21,348 | -€7,968 | -27.2% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €252,882 | €262,150 | +€9,267 | +3.7% |
| Stocks and contracts in progress | 3 | €156,787 | €157,810 | +€1,022 | +0.7% |
| Stocks | 30/36 | €156,787 | €157,810 | +€1,022 | +0.7% |
| Amounts receivable within one year | 40/41 | €65,664 | €62,192 | -€3,472 | -5.3% |
| Trade receivables | 40 | €64,512 | €62,192 | -€2,320 | -3.6% |
| Other amounts receivable | 41 | €1,152 | - | -€1,152 | |
| Cash at bank and in hand | 54/58 | €27,230 | €38,025 | +€10,795 | +39.6% |
| Deferred charges and accrued income | 490/1 | €3,202 | €4,124 | +€922 | +28.8% |
| Total equity and liabilities | 10/49 | €476,789 | €464,252 | -€12,536 | -2.6% |
| Equity | 10/15 | -€282,160 | -€285,923 | -€3,763 | -1.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€339,231 | -€342,149 | -€2,918 | -0.9% |
| Investment grants | 15 | €2,534 | €1,689 | -€845 | -33.3% |
| Amounts payable | 17/49 | €758,949 | €750,175 | -€8,774 | -1.2% |
| Amounts payable within one year | 42/48 | €758,949 | €750,175 | -€8,774 | -1.2% |
| Trade debts | 44 | €6,689 | €1,394 | -€5,295 | -79.2% |
| Suppliers | 440/4 | €6,689 | €1,394 | -€5,295 | -79.2% |
| Taxes, remuneration and social security | 45 | €137 | €648 | +€511 | +374.2% |
| Taxes | 450/3 | €137 | €648 | +€511 | +374.2% |
| Other amounts payable | 47/48 | €752,123 | €748,134 | -€3,990 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,233 | €24,628 | +€2,395 | +10.8% |
| Other operating charges | 640/8 | €8,464 | €8,984 | +€520 | +6.1% |
| Gross operating margin | 9900 | €34,489 | €30,547 | -€3,942 | -11.4% |
| Operating profit (loss) | 9901 | €3,792 | -€3,065 | -€6,857 | |
| Financial income | 75/76B | €845 | €845 | = | 0.0% |
| Recurring financial income | 75 | €845 | €845 | = | 0.0% |
| Financial charges | 65/66B | €509 | €558 | +€48 | +9.5% |
| Recurring financial charges | 65 | €509 | €558 | +€48 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €4,127 | -€2,778 | -€6,905 | |
| Income taxes | 67/77 | €137 | €140 | +€3 | +2.3% |
| Profit (loss) for the period | 9904 | €3,991 | -€2,918 | -€6,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,991 | -€2,918 | -€6,909 |
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 28 September 2026 via checked.be.