Monteco: 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.
Monteco
Largest movements
- Cash +€3.0m
up €3.0m (+1,232%), from €242,828 to €3.2m
mainly Short-term financial debts (+€32.1m) and Contributions, distributions and other (+€2.9m)
- Tangible fixed assets -€754,934
down €754,934 (-2.6%), from €29.5m to €28.7m
of which Land and buildings: -€754,515
- Receivables within one year +€587,569
new in 2025: €587,569
- Short-term financial debts +€32.1m
new in 2025: €32.1m
- Debts after one year -€18.5m
no longer reported in 2025 (was €18.5m)
- Other debts -€13.2m
no longer reported in 2025 (was €13.2m)
- Contributions +€2.9m
up €2.9m (+258%), from €1.1m to €4.0m
- Profit (loss) carried forward -€1.4m
down €1.4m (-58.4%), from -€2.4m to -€3.7m
- Turnover -€1.2m
no longer reported in 2025 (was €1.2m)
- Depreciation +€490,631
up €490,631 (+62.5%), from €785,037 to €1.3m
- Other operating charges +€133,149
up €133,149 (+66.9%), from €198,928 to €332,077
- Financial charges -€127,275
down €127,275 (-9.0%), from €1.4m to €1.3m
- Gross operating margin +€26,023
up €26,023 (+1.7%), from €1.5m to €1.5m
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 | €30,755,132 | €33,514,462 | +€2.8m | +9.0% |
| Fixed assets | 21/28 | €29,493,460 | €28,738,526 | -€754,934 | -2.6% |
| Tangible fixed assets | 22/27 | €29,493,460 | €28,738,526 | -€754,934 | -2.6% |
| Land and buildings | 22 | €29,485,849 | €28,731,334 | -€754,515 | -2.6% |
| Plant, machinery and equipment | 23 | €7,611 | €7,192 | -€419 | -5.5% |
| Current assets | 29/58 | €1,261,671 | €4,775,936 | +€3.5m | +279% |
| Amounts receivable within one year | 40/41 | - | €587,569 | +€587,569 | |
| Trade receivables | 40 | - | €587,569 | +€587,569 | |
| Cash at bank and in hand | 54/58 | €242,828 | €3,234,141 | +€3.0m | +1,232% |
| Deferred charges and accrued income | 490/1 | €1,018,844 | €954,225 | -€64,618 | -6.3% |
| Total equity and liabilities | 10/49 | €30,755,132 | €33,514,462 | +€2.8m | +9.0% |
| Equity | 10/15 | -€1,230,152 | €293,864 | +€1.5m | |
| Contributions | 10/11 | €1,125,000 | €4,025,000 | +€2.9m | +258% |
| Profit (loss) carried forward | 14 | -€2,355,152 | -€3,731,136 | -€1.4m | -58.4% |
| Amounts payable | 17/49 | €31,985,284 | €33,220,598 | +€1.2m | +3.9% |
| Amounts payable after more than one year | 17 | €18,500,000 | - | -€18.5m | |
| Financial debts | 170/4 | €18,500,000 | - | -€18.5m | |
| Amounts payable within one year | 42/48 | €13,220,276 | €32,439,687 | +€19.2m | +145% |
| Financial debts | 43 | - | €32,073,563 | +€32.1m | |
| Credit institutions | 430/8 | - | €32,073,563 | +€32.1m | |
| Trade debts | 44 | €5,697 | €353,524 | +€347,827 | +6,105% |
| Suppliers | 440/4 | €5,697 | €353,524 | +€347,827 | +6,105% |
| Taxes, remuneration and social security | 45 | - | €12,600 | +€12,600 | |
| Taxes | 450/3 | - | €12,600 | +€12,600 | |
| Other amounts payable | 47/48 | €13,214,579 | - | -€13.2m | |
| Accrued charges and deferred income | 492/3 | €265,007 | €780,911 | +€515,903 | +195% |
| Turnover | 70 | €1,228,969 | - | -€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €16,841 | - | -€16,841 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785,037 | €1,275,667 | +€490,631 | +62.5% |
| Other operating charges | 640/8 | €198,928 | €332,077 | +€133,149 | +66.9% |
| Gross operating margin | 9900 | €1,490,089 | €1,516,112 | +€26,023 | +1.7% |
| Operating profit (loss) | 9901 | €506,124 | -€91,633 | -€597,757 | |
| Financial charges | 65/66B | €1,411,626 | €1,284,351 | -€127,275 | -9.0% |
| Recurring financial charges | 65 | €1,411,626 | €1,284,351 | -€127,275 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€905,502 | -€1,375,984 | -€470,482 | -52.0% |
| Profit (loss) for the period | 9904 | -€905,502 | -€1,375,984 | -€470,482 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€905,502 | -€1,375,984 | -€470,482 | -52.0% |
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 18 October 2026 via checked.be.