MONTEBELLO: 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.
MONTEBELLO
Largest movements
- Tangible fixed assets +€31,251
up €31,251 (+15.3%), from €204,277 to €235,528
of which Land and buildings: +€43,610
- Cash -€10,698
down €10,698 (-52.5%), from €20,373 to €9,675
mainly Investment in fixed assets (net) (-€58,462) and Debts after one year (-€13,890)
- Receivables within one year +€5,391
up €5,391 (+14.0%), from €38,472 to €43,864
of which Other amounts receivable: +€4,929
- Reserves +€20,941
up €20,941 (+100.5%), from €20,831 to €41,772
of which Distributable reserves: +€20,941
- Debts after one year -€13,890
down €13,890 (-34.3%), from €40,531 to €26,641
- Other debts +€12,961
up €12,961 (+35.8%), from €36,254 to €49,215
- Tax, wage and social debts +€5,813
up €5,813 (+828.0%), from €702 to €6,516
- Gross operating margin +€24,535
up €24,535 (+65.3%), from €37,596 to €62,130
- Taxes +€5,813
up €5,813 (+827.9%), from €702 to €6,516
- Depreciation +€4,613
up €4,613 (+20.4%), from €22,598 to €27,210
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,122 | €289,066 | +€25,945 | +9.9% |
| Fixed assets | 21/28 | €204,277 | €235,528 | +€31,251 | +15.3% |
| Tangible fixed assets | 22/27 | €204,277 | €235,528 | +€31,251 | +15.3% |
| Land and buildings | 22 | €149,982 | €193,592 | +€43,610 | +29.1% |
| Plant, machinery and equipment | 23 | €54,294 | €41,936 | -€12,358 | -22.8% |
| Current assets | 29/58 | €58,845 | €53,538 | -€5,307 | -9.0% |
| Amounts receivable within one year | 40/41 | €38,472 | €43,864 | +€5,391 | +14.0% |
| Trade receivables | 40 | €37,644 | €38,107 | +€463 | +1.2% |
| Other amounts receivable | 41 | €828 | €5,756 | +€4,929 | +595.5% |
| Cash at bank and in hand | 54/58 | €20,373 | €9,675 | -€10,698 | -52.5% |
| Total equity and liabilities | 10/49 | €263,122 | €289,066 | +€25,945 | +9.9% |
| Equity | 10/15 | €161,486 | €182,427 | +€20,941 | +13.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,831 | €41,772 | +€20,941 | +100.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,972 | €39,913 | +€20,941 | +110.4% |
| Profit (loss) carried forward | 14 | €122,063 | €122,063 | = | 0.0% |
| Amounts payable | 17/49 | €101,635 | €106,639 | +€5,003 | +4.9% |
| Amounts payable after more than one year | 17 | €40,531 | €26,641 | -€13,890 | -34.3% |
| Financial debts | 170/4 | €40,531 | €26,641 | -€13,890 | -34.3% |
| Amounts payable within one year | 42/48 | €61,104 | €79,998 | +€18,893 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €13,374 | €13,890 | +€516 | +3.9% |
| Trade debts | 44 | €1,287 | €890 | -€397 | -30.8% |
| Suppliers | 440/4 | €1,287 | €890 | -€397 | -30.8% |
| Advances received on contracts in progress | 46 | €9,487 | €9,487 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €702 | €6,516 | +€5,813 | +828.0% |
| Taxes | 450/3 | €702 | €6,516 | +€5,813 | +828.0% |
| Other amounts payable | 47/48 | €36,254 | €49,215 | +€12,961 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,598 | €27,210 | +€4,613 | +20.4% |
| Other operating charges | 640/8 | €5,253 | €5,387 | +€134 | +2.6% |
| Gross operating margin | 9900 | €37,596 | €62,130 | +€24,535 | +65.3% |
| Operating profit (loss) | 9901 | €9,745 | €29,533 | +€19,788 | +203.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +115.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +115.4% |
| Financial charges | 65/66B | €2,022 | €2,077 | +€55 | +2.7% |
| Recurring financial charges | 65 | €2,022 | €2,077 | +€55 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €7,723 | €27,457 | +€19,733 | +255.5% |
| Income taxes | 67/77 | €702 | €6,516 | +€5,813 | +827.9% |
| Profit (loss) for the period | 9904 | €7,021 | €20,941 | +€13,920 | +198.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,021 | €20,941 | +€13,920 | +198.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.