MONTE ROSA: 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 ROSA
Largest movements
- Current investments -€16,192
down €16,192 (-44.7%), from €36,192 to €20,000
- Cash -€15,333
down €15,333 (-38.9%), from €39,408 to €24,075
mainly Accrued charges and deferred income (-€30,889) and Receivables within one year (-€11,333)
- Receivables within one year +€11,333
up €11,333 (+712.2%), from €1,591 to €12,925
of which Other amounts receivable: +€10,865
- Accrued charges and deferred income -€30,889
down €30,889 (-98.1%), from €31,473 to €584
- Trade debts +€20,145
up €20,145 (+73.4%), from €27,429 to €47,574
- Debts after one year -€10,000
down €10,000 (-5.3%), from €190,000 to €180,000
- Profit (loss) carried forward +€9,727
up €9,727, from -€6,623 to €3,105
- Tax, wage and social debts -€9,543
down €9,543 (-56.6%), from €16,866 to €7,323
of which Taxes: -€6,533
- Gross operating margin +€11,625
up €11,625 (+75.5%), from €15,406 to €27,031
- Financial charges -€9,560
down €9,560 (-87.2%), from €10,958 to €1,398
- Taxes +€2,762
up €2,762 (+1265.6%), from €218 to €2,980
- Depreciation +€2,484
up €2,484 (+26.0%), from €9,544 to €12,028
- Other operating charges -€411
down €411 (-31.3%), from €1,312 to €901
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 | €275,783 | €254,690 | -€21,093 | -7.6% |
| Fixed assets | 21/28 | €195,350 | €194,343 | -€1,007 | -0.5% |
| Tangible fixed assets | 22/27 | €195,350 | €194,343 | -€1,007 | -0.5% |
| Land and buildings | 22 | €173,014 | €163,730 | -€9,284 | -5.4% |
| Plant, machinery and equipment | 23 | €1,170 | €1,850 | +€680 | +58.2% |
| Furniture and vehicles | 24 | €4,166 | €11,763 | +€7,596 | +182.3% |
| Other tangible fixed assets | 26 | €17,000 | €17,000 | = | 0.0% |
| Current assets | 29/58 | €80,432 | €60,347 | -€20,086 | -25.0% |
| Amounts receivable within one year | 40/41 | €1,591 | €12,925 | +€11,333 | +712.2% |
| Trade receivables | 40 | €0 | €468 | +€468 | |
| Other amounts receivable | 41 | €1,591 | €12,457 | +€10,865 | +682.7% |
| Current investments | 50/53 | €36,192 | €20,000 | -€16,192 | -44.7% |
| Cash at bank and in hand | 54/58 | €39,408 | €24,075 | -€15,333 | -38.9% |
| Deferred charges and accrued income | 490/1 | €3,241 | €3,347 | +€106 | +3.3% |
| Total equity and liabilities | 10/49 | €275,783 | €254,690 | -€21,093 | -7.6% |
| Equity | 10/15 | €7,245 | €16,972 | +€9,727 | +134.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €12,868 | €12,868 | = | 0.0% |
| Distributable reserves | 133 | €12,868 | €12,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,623 | €3,105 | +€9,727 | |
| Amounts payable | 17/49 | €268,537 | €237,718 | -€30,820 | -11.5% |
| Amounts payable after more than one year | 17 | €190,000 | €180,000 | -€10,000 | -5.3% |
| Financial debts | 170/4 | €190,000 | €180,000 | -€10,000 | -5.3% |
| Amounts payable within one year | 42/48 | €47,064 | €57,134 | +€10,070 | +21.4% |
| Financial debts | 43 | €29 | €0 | -€29 | -100.0% |
| Credit institutions | 430/8 | €29 | €0 | -€29 | -100.0% |
| Trade debts | 44 | €27,429 | €47,574 | +€20,145 | +73.4% |
| Suppliers | 440/4 | €27,429 | €47,574 | +€20,145 | +73.4% |
| Taxes, remuneration and social security | 45 | €16,866 | €7,323 | -€9,543 | -56.6% |
| Taxes | 450/3 | €13,296 | €6,763 | -€6,533 | -49.1% |
| Remuneration and social security | 454/9 | €3,571 | €560 | -€3,010 | -84.3% |
| Other amounts payable | 47/48 | €2,740 | €2,237 | -€503 | -18.4% |
| Accrued charges and deferred income | 492/3 | €31,473 | €584 | -€30,889 | -98.1% |
| Remuneration, social security and pensions | 62 | €3 | €0 | -€3 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,544 | €12,028 | +€2,484 | +26.0% |
| Other operating charges | 640/8 | €1,312 | €901 | -€411 | -31.3% |
| Gross operating margin | 9900 | €15,406 | €27,031 | +€11,625 | +75.5% |
| Operating profit (loss) | 9901 | €4,546 | €14,101 | +€9,555 | +210.2% |
| Financial income | 75/76B | €7 | €3 | -€4 | -55.3% |
| Recurring financial income | 75 | €7 | €3 | -€4 | -55.3% |
| Financial charges | 65/66B | €10,958 | €1,398 | -€9,560 | -87.2% |
| Recurring financial charges | 65 | €10,958 | €1,398 | -€9,560 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,404 | €12,707 | +€19,111 | |
| Income taxes | 67/77 | €218 | €2,980 | +€2,762 | +1265.6% |
| Profit (loss) for the period | 9904 | -€6,623 | €9,727 | +€16,350 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,623 | €9,727 | +€16,350 |
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 9 October 2026 via checked.be.