MONTE BOUW: 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.
MONTE BOUW
Largest movements
- Cash +€14,011
up €14,011 (+8,508%), from €165 to €14,175
mainly Net result for the year (+€17,535) and Receivables within one year (+€9,545)
- Receivables within one year -€9,545
down €9,545 (-27.2%), from €35,082 to €25,538
of which Trade receivables: -€8,370
- Deferred charges and accrued income -€1,135
no longer reported in 2025 (was €1,135)
- Tangible fixed assets +€795
up €795 (+89.5%), from €888 to €1,682
- Reserves +€14,683
new in 2025: €14,683
- Trade debts -€13,930
down €13,930 (-51.8%), from €26,894 to €12,964
- Profit (loss) carried forward +€2,852
no longer reported in 2025 (was -€2,852)
- Tax, wage and social debts +€1,431
up €1,431 (+20.1%), from €7,114 to €8,544
of which Taxes: +€6,235
- Other debts -€911
down €911 (-26.7%), from €3,414 to €2,503
- Staff costs -€14,213
down €14,213 (-87.1%), from €16,315 to €2,102
- Gross operating margin +€13,206
up €13,206 (+70.9%), from €18,620 to €31,827
- Taxes +€4,527
up €4,527 (+322%), from €1,404 to €5,932
- Write-downs +€1,725
up €1,725 (+60.8%), from €2,835 to €4,560
- Financial charges +€660
up €660 (+1,234%), from €53 to €714
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 | €37,570 | €41,695 | +€4,125 | +11.0% |
| Fixed assets | 21/28 | €1,188 | €1,982 | +€795 | +66.9% |
| Tangible fixed assets | 22/27 | €888 | €1,682 | +€795 | +89.5% |
| Furniture and vehicles | 24 | €888 | €1,682 | +€795 | +89.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €36,382 | €39,713 | +€3,331 | +9.2% |
| Amounts receivable within one year | 40/41 | €35,082 | €25,538 | -€9,545 | -27.2% |
| Trade receivables | 40 | €33,760 | €25,389 | -€8,370 | -24.8% |
| Other amounts receivable | 41 | €1,322 | €148 | -€1,174 | -88.8% |
| Cash at bank and in hand | 54/58 | €165 | €14,175 | +€14,011 | +8,508% |
| Deferred charges and accrued income | 490/1 | €1,135 | - | -€1,135 | |
| Total equity and liabilities | 10/49 | €37,570 | €41,695 | +€4,125 | +11.0% |
| Equity | 10/15 | €148 | €17,683 | +€17,535 | +11,836% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €14,683 | +€14,683 | |
| Distributable reserves | 133 | - | €14,683 | +€14,683 | |
| Profit (loss) carried forward | 14 | -€2,852 | - | +€2,852 | |
| Amounts payable | 17/49 | €37,422 | €24,012 | -€13,410 | -35.8% |
| Amounts payable within one year | 42/48 | €37,422 | €24,012 | -€13,410 | -35.8% |
| Trade debts | 44 | €26,894 | €12,964 | -€13,930 | -51.8% |
| Suppliers | 440/4 | €26,894 | €12,964 | -€13,930 | -51.8% |
| Taxes, remuneration and social security | 45 | €7,114 | €8,544 | +€1,431 | +20.1% |
| Taxes | 450/3 | €2,309 | €8,544 | +€6,235 | +270% |
| Remuneration and social security | 454/9 | €4,805 | - | -€4,805 | |
| Other amounts payable | 47/48 | €3,414 | €2,503 | -€911 | -26.7% |
| Remuneration, social security and pensions | 62 | €16,315 | €2,102 | -€14,213 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398 | €492 | +€94 | +23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,835 | €4,560 | +€1,725 | +60.8% |
| Other operating charges | 640/8 | €466 | €492 | +€26 | +5.6% |
| Gross operating margin | 9900 | €18,620 | €31,827 | +€13,206 | +70.9% |
| Operating profit (loss) | 9901 | -€1,394 | €24,180 | +€25,575 | |
| Financial charges | 65/66B | €53 | €714 | +€660 | +1,234% |
| Recurring financial charges | 65 | €53 | €714 | +€660 | +1,234% |
| Profit (loss) for the period before taxes | 9903 | -€1,448 | €23,467 | +€24,915 | |
| Income taxes | 67/77 | €1,404 | €5,932 | +€4,527 | +322% |
| Profit (loss) for the period | 9904 | -€2,852 | €17,535 | +€20,387 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,852 | €17,535 | +€20,387 |
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 21 October 2026 via checked.be.