Monteberghoeve: 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
Monteberghoeve
NACE 68.202, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€87,345
2024 · €31,576+€55,769
Equity
€539,969
2024 · €454,169+€85,801
Cash
-
2024 · €1,286-€1,286
Balance sheet total
€1.9m
2024 · €2.0m-€67,671
Largest movements
Assets
- Tangible fixed assets -€88,503
down €88,503 (-5.0%), from €1.8m to €1.7m
of which Land and buildings: -€64,264
Equity and liabilities
- Debts after one year -€123,333
down €123,333 (-27.8%), from €443,751 to €320,418
of which Financial debts: -€123,333
- Reserves +€87,345
up €87,345 (+21.4%), from €409,096 to €496,441
- Trade debts -€25,207
down €25,207 (-57.3%), from €43,974 to €18,767
- Short-term financial debts +€19,907
up €19,907 (+313%), from €6,355 to €26,262
Income statement
- Gross operating margin +€78,524
up €78,524 (+38.2%), from €205,826 to €284,350
- Taxes +€17,268
up €17,268 (+57.7%), from €29,917 to €47,184
- Financial income -€8,957
down €8,957 (-77.5%), from €11,556 to €2,599
- Financial charges -€3,688
down €3,688 (-25.1%), from €14,718 to €11,030
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
€31,576
Gross operating margin
+€78,524
Depreciation
-€2,086
Other operating charges
+€1,867
Financial income
-€8,957
Financial charges
+€3,688
Taxes
-€17,268
Result 2025
€87,345
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
+€154,163
Investment
-€44,474
Financing
-€110,975
Cash 2024
€1,286
From operations (derived)
+€154,163
Net result for the year
+€87,345
Depreciation
+€132,976
Stocks and contracts
-€2,850
Receivables within one year
-€19,754
Deferred charges and accrued income
+€486
Provisions
-€515
Trade debts
-€25,207
Tax, wage and social debts
-€1,740
Other debts
-€16,316
Accrued charges and deferred income
-€264
Investment (derived)
-€44,474
Investment in fixed assets (net)
-€44,474
Financing
-€110,975
Debts after one year
-€123,333
Current portion of long-term debt
-€6,004
Short-term financial debts
+€19,907
Contributions, distributions and other
-€1,544
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,982,662 | €1,914,991 | -€67,671 | -3.4% |
| Fixed assets | 21/28 | €1,823,962 | €1,735,459 | -€88,503 | -4.9% |
| Tangible fixed assets | 22/27 | €1,762,462 | €1,673,959 | -€88,503 | -5.0% |
| Land and buildings | 22 | €1,424,893 | €1,360,629 | -€64,264 | -4.5% |
| Plant, machinery and equipment | 23 | €5,026 | €4,380 | -€646 | -12.9% |
| Furniture and vehicles | 24 | €17,544 | €14,064 | -€3,480 | -19.8% |
| Other tangible fixed assets | 26 | €314,999 | €294,886 | -€20,113 | -6.4% |
| Financial fixed assets | 28 | €61,500 | €61,500 | = | 0.0% |
| Current assets | 29/58 | €158,701 | €179,532 | +€20,832 | +13.1% |
| Stocks and contracts in progress | 3 | €6,050 | €8,900 | +€2,850 | +47.1% |
| Stocks | 30/36 | €6,050 | €8,900 | +€2,850 | +47.1% |
| Amounts receivable within one year | 40/41 | €129,636 | €149,389 | +€19,754 | +15.2% |
| Trade receivables | 40 | €14,154 | €45,835 | +€31,682 | +224% |
| Other amounts receivable | 41 | €115,482 | €103,554 | -€11,928 | -10.3% |
| Current investments | 50/53 | €14,000 | €14,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,286 | - | -€1,286 | |
| Deferred charges and accrued income | 490/1 | €7,728 | €7,243 | -€486 | -6.3% |
| Total equity and liabilities | 10/49 | €1,982,662 | €1,914,991 | -€67,671 | -3.4% |
| Equity | 10/15 | €454,169 | €539,969 | +€85,801 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €409,096 | €496,441 | +€87,345 | +21.4% |
| Distributable reserves | 133 | €409,096 | €496,441 | +€87,345 | +21.4% |
| Investment grants | 15 | €26,473 | €24,928 | -€1,544 | -5.8% |
| Provisions and deferred taxes | 16 | €8,824 | €8,309 | -€515 | -5.8% |
| Deferred taxes | 168 | €8,824 | €8,309 | -€515 | -5.8% |
| Amounts payable | 17/49 | €1,519,669 | €1,366,713 | -€152,957 | -10.1% |
| Amounts payable after more than one year | 17 | €443,751 | €320,418 | -€123,333 | -27.8% |
| Financial debts | 170/4 | €368,751 | €245,418 | -€123,333 | -33.4% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,069,060 | €1,039,700 | -€29,360 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €129,337 | €123,333 | -€6,004 | -4.6% |
| Financial debts | 43 | €6,355 | €26,262 | +€19,907 | +313% |
| Credit institutions | 430/8 | €6,355 | €26,262 | +€19,907 | +313% |
| Trade debts | 44 | €43,974 | €18,767 | -€25,207 | -57.3% |
| Suppliers | 440/4 | €43,974 | €18,767 | -€25,207 | -57.3% |
| Taxes, remuneration and social security | 45 | €34,041 | €32,301 | -€1,740 | -5.1% |
| Taxes | 450/3 | €34,041 | €32,301 | -€1,740 | -5.1% |
| Other amounts payable | 47/48 | €855,352 | €839,036 | -€16,316 | -1.9% |
| Accrued charges and deferred income | 492/3 | €6,858 | €6,595 | -€264 | -3.8% |
| Non-recurring operating income | 76A | €1,074 | €2,479 | +€1,405 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,891 | €132,976 | +€2,086 | +1.6% |
| Other operating charges | 640/8 | €10,280 | €8,413 | -€1,867 | -18.2% |
| Gross operating margin | 9900 | €205,826 | €284,350 | +€78,524 | +38.2% |
| Operating profit (loss) | 9901 | €64,655 | €142,960 | +€78,305 | +121% |
| Financial income | 75/76B | €11,556 | €2,599 | -€8,957 | -77.5% |
| Recurring financial income | 75 | €11,556 | €2,599 | -€8,957 | -77.5% |
| Financial charges | 65/66B | €14,718 | €11,030 | -€3,688 | -25.1% |
| Recurring financial charges | 65 | €14,718 | €11,030 | -€3,688 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €61,493 | €134,529 | +€73,037 | +119% |
| Income taxes | 67/77 | €29,917 | €47,184 | +€17,268 | +57.7% |
| Profit (loss) for the period | 9904 | €31,576 | €87,345 | +€55,769 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €31,576 | €87,345 | +€55,769 | +177% |
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 23 October 2026 via checked.be.