MONTE VERDI: 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.
What changed
MONTE VERDI
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€122,089
2024 · €286,654-€164,565
Equity
€5.8m
2024 · €4.1m+€1.8m
Cash
€17,658
2024 · €757+€16,901
Balance sheet total
€7.2m
2024 · €5.7m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+27.2%), from €5.7m to €7.2m
of which Land and buildings: +€1.6m
Equity and liabilities
- Revaluation surpluses +€1.8m
new in 2025: €1.8m
- Other debts -€192,811
down €192,811 (-14.0%), from €1.4m to €1.2m
Income statement
- Gross operating margin -€181,385
down €181,385 (-20.6%), from €880,678 to €699,293
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.
Result 2024
€286,654
Gross operating margin
-€181,385
Depreciation
+€2,931
Other operating charges
+€6,228
Financial income
-€990
Financial charges
+€3,237
Taxes
+€5,415
Result 2025
€122,089
raises the resultlowers the result
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.
From operations
+€201,663
Investment
-€1.8m
Financing
+€1.6m
Cash 2024
€757
From operations (derived)
+€201,663
Net result for the year
+€122,089
Depreciation
+€230,087
Deferred charges and accrued income
+€782
Trade debts
+€62,226
Tax, wage and social debts
-€5,415
Other debts
-€192,811
Accrued charges and deferred income
-€15,295
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.6m
Debts after one year
-€27,404
Current portion of long-term debt
-€37,463
Short-term financial debts
+€105
Contributions, distributions and other
+€1.6m
Cash 2025
€17,658
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,661,259 | €7,217,232 | +€1.6m | +27.5% |
| Fixed assets | 21/28 | €5,659,721 | €7,199,574 | +€1.5m | +27.2% |
| Tangible fixed assets | 22/27 | €5,659,721 | €7,199,574 | +€1.5m | +27.2% |
| Land and buildings | 22 | €5,580,303 | €7,140,000 | +€1.6m | +28.0% |
| Plant, machinery and equipment | 23 | €79,418 | €59,574 | -€19,845 | -25.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €1,539 | €17,658 | +€16,119 | +1,048% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €757 | €17,658 | +€16,901 | +2,234% |
| Deferred charges and accrued income | 490/1 | €782 | €0 | -€782 | -100% |
| Total equity and liabilities | 10/49 | €5,661,259 | €7,217,232 | +€1.6m | +27.5% |
| Equity | 10/15 | €4,051,233 | €5,823,262 | +€1.8m | +43.7% |
| Contributions | 10/11 | €4,339,930 | €4,339,930 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,769,939 | +€1.8m | |
| Reserves | 13 | €25,500 | €25,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,500 | €25,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,500 | €25,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€314,197 | -€312,108 | +€2,089 | +0.7% |
| Amounts payable | 17/49 | €1,610,026 | €1,393,970 | -€216,056 | -13.4% |
| Amounts payable after more than one year | 17 | €27,404 | €0 | -€27,404 | -100% |
| Financial debts | 170/4 | €27,404 | €0 | -€27,404 | -100% |
| Amounts payable within one year | 42/48 | €1,567,274 | €1,393,916 | -€173,358 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €64,867 | €27,404 | -€37,463 | -57.8% |
| Financial debts | 43 | €5,349 | €5,454 | +€105 | +2.0% |
| Credit institutions | 430/8 | €5,349 | €5,454 | +€105 | +2.0% |
| Trade debts | 44 | €97,144 | €159,370 | +€62,226 | +64.1% |
| Suppliers | 440/4 | €97,144 | €159,370 | +€62,226 | +64.1% |
| Taxes, remuneration and social security | 45 | €18,335 | €12,920 | -€5,415 | -29.5% |
| Taxes | 450/3 | €18,335 | €12,920 | -€5,415 | -29.5% |
| Other amounts payable | 47/48 | €1,381,580 | €1,188,769 | -€192,811 | -14.0% |
| Accrued charges and deferred income | 492/3 | €15,348 | €53 | -€15,295 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,018 | €230,087 | -€2,931 | -1.3% |
| Other operating charges | 640/8 | €280,554 | €274,326 | -€6,228 | -2.2% |
| Gross operating margin | 9900 | €880,678 | €699,293 | -€181,385 | -20.6% |
| Operating profit (loss) | 9901 | €367,106 | €194,880 | -€172,226 | -46.9% |
| Financial income | 75/76B | €3,313 | €2,324 | -€990 | -29.9% |
| Recurring financial income | 75 | €3,313 | €2,324 | -€990 | -29.9% |
| Financial charges | 65/66B | €65,431 | €62,194 | -€3,237 | -4.9% |
| Recurring financial charges | 65 | €65,431 | €62,194 | -€3,237 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €304,988 | €135,009 | -€169,979 | -55.7% |
| Income taxes | 67/77 | €18,335 | €12,920 | -€5,415 | -29.5% |
| Profit (loss) for the period | 9904 | €286,654 | €122,089 | -€164,565 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €286,654 | €122,089 | -€164,565 | -57.4% |
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 13 October 2026 via checked.be.