MONTEBALDO: 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.
MONTEBALDO
Largest movements
- Cash -€108,064
down €108,064 (-11.4%), from €946,955 to €838,891
mainly Accrued charges and deferred income (-€162,180) and Receivables within one year (-€88,492)
- Receivables within one year +€88,492
up €88,492 (+5.7%), from €1.6m to €1.6m
- Accrued charges and deferred income -€162,180
down €162,180 (-100.0%), from €162,180 to €0
- Profit (loss) carried forward +€102,966
up €102,966 (+7.4%), from -€1.4m to -€1.3m
- Financial income -€824,689
down €824,689 (-95.4%), from €864,234 to €39,546
- Gross operating margin +€107,710
up €107,710, from -€5,860 to €101,850
- Taxes +€27,410
up €27,410 (+272.1%), from €10,072 to €37,482
- Other operating charges -€1,209
down €1,209 (-91.0%), from €1,329 to €120
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 | €3,824,266 | €3,804,694 | -€19,572 | -0.5% |
| Fixed assets | 21/28 | €1,323,606 | €1,323,606 | = | 0.0% |
| Financial fixed assets | 28 | €1,323,606 | €1,323,606 | = | 0.0% |
| Current assets | 29/58 | €2,500,660 | €2,481,088 | -€19,572 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,553,706 | €1,642,198 | +€88,492 | +5.7% |
| Other amounts receivable | 41 | €1,553,706 | €1,642,198 | +€88,492 | +5.7% |
| Cash at bank and in hand | 54/58 | €946,955 | €838,891 | -€108,064 | -11.4% |
| Total equity and liabilities | 10/49 | €3,824,266 | €3,804,694 | -€19,572 | -0.5% |
| Equity | 10/15 | €3,644,085 | €3,747,051 | +€102,966 | +2.8% |
| Contributions | 10/11 | €4,919,420 | €4,919,420 | = | 0.0% |
| Reserves | 13 | €114,332 | €114,332 | = | 0.0% |
| Non-distributable reserves | 130/1 | €114,332 | €114,332 | = | 0.0% |
| Reserves not available under the articles | 1311 | €114,332 | €114,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,389,666 | -€1,286,700 | +€102,966 | +7.4% |
| Amounts payable | 17/49 | €180,181 | €57,643 | -€122,538 | -68.0% |
| Amounts payable within one year | 42/48 | €18,001 | €57,643 | +€39,642 | +220.2% |
| Trade debts | 44 | €375 | €10,089 | +€9,714 | +2590.3% |
| Suppliers | 440/4 | €375 | €10,089 | +€9,714 | +2590.3% |
| Taxes, remuneration and social security | 45 | €17,626 | €47,554 | +€29,928 | +169.8% |
| Taxes | 450/3 | €17,626 | €47,554 | +€29,928 | +169.8% |
| Accrued charges and deferred income | 492/3 | €162,180 | €0 | -€162,180 | -100.0% |
| Other operating charges | 640/8 | €1,329 | €120 | -€1,209 | -91.0% |
| Gross operating margin | 9900 | -€5,860 | €101,850 | +€107,710 | |
| Operating profit (loss) | 9901 | -€7,189 | €101,730 | +€108,919 | |
| Financial income | 75/76B | €864,234 | €39,546 | -€824,689 | -95.4% |
| Recurring financial income | 75 | €864,234 | €39,546 | -€824,689 | -95.4% |
| Financial charges | 65/66B | €84 | €827 | +€743 | +884.3% |
| Recurring financial charges | 65 | €84 | €827 | +€743 | +884.3% |
| Profit (loss) for the period before taxes | 9903 | €856,961 | €140,448 | -€716,513 | -83.6% |
| Income taxes | 67/77 | €10,072 | €37,482 | +€27,410 | +272.1% |
| Profit (loss) for the period | 9904 | €846,889 | €102,966 | -€743,923 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €846,889 | €102,966 | -€743,923 | -87.8% |
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 11 October 2026 via checked.be.