MONTEBELLO jmc: 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.
MONTEBELLO jmc
Largest movements
- Tangible fixed assets +€32,615
up €32,615 (+15.9%), from €205,475 to €238,090
of which Furniture and vehicles: +€44,553
- Cash +€31,713
up €31,713 (+21.5%), from €147,284 to €178,997
mainly Other debts (+€195,710) and Depreciation (+€64,447)
- Other debts +€195,710
up €195,710 (+200%), from €97,676 to €293,386
- Profit (loss) carried forward -€142,644
down €142,644 (-75.1%), from €190,005 to €47,361
- Debts after one year +€34,100
up €34,100 (+26.6%), from €128,070 to €162,170
- Tax, wage and social debts -€9,975
down €9,975 (-90.7%), from €10,996 to €1,020
- Current portion of long-term debt -€7,972
down €7,972 (-20.4%), from €39,088 to €31,116
- Gross operating margin +€24,399
up €24,399 (+20.2%), from €120,856 to €145,255
- Depreciation +€5,541
up €5,541 (+9.4%), from €58,906 to €64,447
- Financial charges +€4,557
up €4,557 (+119%), from €3,820 to €8,377
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 | €526,532 | €593,107 | +€66,576 | +12.6% |
| Fixed assets | 21/28 | €205,500 | €238,115 | +€32,615 | +15.9% |
| Tangible fixed assets | 22/27 | €205,475 | €238,090 | +€32,615 | +15.9% |
| Plant, machinery and equipment | 23 | €58,018 | €49,043 | -€8,975 | -15.5% |
| Furniture and vehicles | 24 | €138,376 | €182,929 | +€44,553 | +32.2% |
| Other tangible fixed assets | 26 | €9,081 | €6,118 | -€2,963 | -32.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €321,032 | €354,992 | +€33,960 | +10.6% |
| Stocks and contracts in progress | 3 | €13,960 | €17,065 | +€3,105 | +22.2% |
| Stocks | 30/36 | €13,960 | €17,065 | +€3,105 | +22.2% |
| Amounts receivable within one year | 40/41 | €159,788 | €158,931 | -€857 | -0.5% |
| Trade receivables | 40 | €151,759 | €158,877 | +€7,118 | +4.7% |
| Other amounts receivable | 41 | €8,029 | €54 | -€7,975 | -99.3% |
| Cash at bank and in hand | 54/58 | €147,284 | €178,997 | +€31,713 | +21.5% |
| Total equity and liabilities | 10/49 | €526,532 | €593,107 | +€66,576 | +12.6% |
| Equity | 10/15 | €210,465 | €67,821 | -€142,644 | -67.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,005 | €47,361 | -€142,644 | -75.1% |
| Amounts payable | 17/49 | €316,066 | €525,286 | +€209,220 | +66.2% |
| Amounts payable after more than one year | 17 | €128,070 | €162,170 | +€34,100 | +26.6% |
| Financial debts | 170/4 | €128,070 | €162,170 | +€34,100 | +26.6% |
| Amounts payable within one year | 42/48 | €187,997 | €363,116 | +€175,120 | +93.2% |
| Current portion of amounts payable after more than one year | 42 | €39,088 | €31,116 | -€7,972 | -20.4% |
| Trade debts | 44 | €4,768 | €9,669 | +€4,900 | +103% |
| Suppliers | 440/4 | €4,768 | €9,669 | +€4,900 | +103% |
| Advances received on contracts in progress | 46 | €35,468 | €27,925 | -€7,543 | -21.3% |
| Taxes, remuneration and social security | 45 | €10,996 | €1,020 | -€9,975 | -90.7% |
| Taxes | 450/3 | €10,996 | €1,020 | -€9,975 | -90.7% |
| Other amounts payable | 47/48 | €97,676 | €293,386 | +€195,710 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,906 | €64,447 | +€5,541 | +9.4% |
| Other operating charges | 640/8 | €3,635 | €3,365 | -€270 | -7.4% |
| Gross operating margin | 9900 | €120,856 | €145,255 | +€24,399 | +20.2% |
| Operating profit (loss) | 9901 | €58,315 | €77,444 | +€19,129 | +32.8% |
| Financial income | 75/76B | €1,745 | €737 | -€1,008 | -57.8% |
| Recurring financial income | 75 | €1,745 | €737 | -€1,008 | -57.8% |
| Financial charges | 65/66B | €3,820 | €8,377 | +€4,557 | +119% |
| Recurring financial charges | 65 | €3,820 | €8,377 | +€4,557 | +119% |
| Profit (loss) for the period before taxes | 9903 | €56,240 | €69,803 | +€13,564 | +24.1% |
| Income taxes | 67/77 | €11,165 | €12,447 | +€1,283 | +11.5% |
| Profit (loss) for the period | 9904 | €45,075 | €57,356 | +€12,281 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,075 | €57,356 | +€12,281 | +27.2% |
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 24 October 2026 via checked.be.