MONTECITO: 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.
MONTECITO
Largest movements
- Receivables within one year +€3.2m
up €3.2m (+348.5%), from €908,891 to €4.1m
of which Other amounts receivable: +€3.1m
- Current investments +€2.4m
new in 2025: €2.4m
- Financial fixed assets +€370,636
up €370,636 (+32.5%), from €1.1m to €1.5m
- Cash +€159,431
up €159,431 (+1181.4%), from €13,495 to €172,926
mainly Net result for the year (+€4.0m) and Other debts (+€2.0m)
- Profit (loss) carried forward +€4.0m
up €4.0m (+1778.5%), from €226,324 to €4.3m
- Other debts +€2.0m
up €2.0m (+123.6%), from €1.6m to €3.6m
- Financial income +€3.9m
up €3.9m (+867594211.1%), from €0 to €3.9m
- Financial charges -€33,819
down €33,819 (-99.6%), from €33,948 to €129
- Gross operating margin +€28,657
up €28,657 (+26.1%), from €109,724 to €138,381
- Taxes +€13,269
up €13,269, from €0 to €13,269
- Depreciation -€5,676
down €5,676 (-70.4%), from €8,059 to €2,383
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 | €2,069,517 | €8,135,156 | +€6.1m | +293.1% |
| Fixed assets | 21/28 | €1,146,611 | €1,514,864 | +€368,253 | +32.1% |
| Tangible fixed assets | 22/27 | €5,060 | €2,677 | -€2,383 | -47.1% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,992 | €1,020 | -€972 | -48.8% |
| Other tangible fixed assets | 26 | €3,068 | €1,657 | -€1,411 | -46.0% |
| Financial fixed assets | 28 | €1,141,551 | €1,512,187 | +€370,636 | +32.5% |
| Current assets | 29/58 | €922,906 | €6,620,292 | +€5.7m | +617.3% |
| Amounts receivable within one year | 40/41 | €908,891 | €4,076,130 | +€3.2m | +348.5% |
| Trade receivables | 40 | €17,609 | €122,459 | +€104,850 | +595.4% |
| Other amounts receivable | 41 | €891,282 | €3,953,671 | +€3.1m | +343.6% |
| Current investments | 50/53 | - | €2,370,000 | +€2.4m | |
| Cash at bank and in hand | 54/58 | €13,495 | €172,926 | +€159,431 | +1181.4% |
| Deferred charges and accrued income | 490/1 | €521 | €1,236 | +€716 | +137.5% |
| Total equity and liabilities | 10/49 | €2,069,517 | €8,135,156 | +€6.1m | +293.1% |
| Equity | 10/15 | €373,891 | €4,399,114 | +€4.0m | +1076.6% |
| Contributions | 10/11 | €5,039 | €5,039 | = | 0.0% |
| Reserves | 13 | €142,527 | €142,527 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,016 | €141,016 | = | 0.0% |
| Distributable reserves | 133 | €1,512 | €1,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,324 | €4,251,547 | +€4.0m | +1778.5% |
| Provisions and deferred taxes | 16 | €47,005 | €47,005 | = | 0.0% |
| Deferred taxes | 168 | €47,005 | €47,005 | = | 0.0% |
| Amounts payable | 17/49 | €1,648,621 | €3,689,037 | +€2.0m | +123.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,648,621 | €3,689,037 | +€2.0m | +123.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €850 | €0 | -€850 | -100.0% |
| Credit institutions | 430/8 | €850 | €0 | -€850 | -100.0% |
| Trade debts | 44 | €30,575 | €60,490 | +€29,915 | +97.8% |
| Suppliers | 440/4 | €30,575 | €60,490 | +€29,915 | +97.8% |
| Taxes, remuneration and social security | 45 | €4,815 | €23,207 | +€18,391 | +381.9% |
| Taxes | 450/3 | €3,655 | €22,047 | +€18,391 | +503.1% |
| Remuneration and social security | 454/9 | €1,160 | €1,160 | = | 0.0% |
| Other amounts payable | 47/48 | €1,612,381 | €3,605,341 | +€2.0m | +123.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,059 | €2,383 | -€5,676 | -70.4% |
| Other operating charges | 640/8 | €2,985 | €1,551 | -€1,434 | -48.0% |
| Gross operating margin | 9900 | €109,724 | €138,381 | +€28,657 | +26.1% |
| Operating profit (loss) | 9901 | €98,680 | €134,447 | +€35,767 | +36.2% |
| Financial income | 75/76B | €0 | €3,904,174 | +€3.9m | +867594211.1% |
| Recurring financial income | 75 | €0 | €3,904,174 | +€3.9m | +867594211.1% |
| Financial charges | 65/66B | €33,948 | €129 | -€33,819 | -99.6% |
| Recurring financial charges | 65 | €33,948 | €129 | -€33,819 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €64,733 | €4,038,492 | +€4.0m | +6138.7% |
| Transfer to deferred taxes | 680 | €47,005 | €0 | -€47,005 | -100.0% |
| Income taxes | 67/77 | €0 | €13,269 | +€13,269 | |
| Profit (loss) for the period | 9904 | €17,727 | €4,025,223 | +€4.0m | +22606.2% |
| Transfer to tax-exempt reserves | 689 | €141,016 | €0 | -€141,016 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€123,288 | €4,025,223 | +€4.1m |
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 10 October 2026 via checked.be.