Montefalcone Projects: 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.
Montefalcone Projects
Largest movements
- Cash +€28,918
up €28,918 (+113%), from €25,667 to €54,585
mainly Net result for the year (+€46,000) and Depreciation (+€19,970)
- Current investments +€24,000
up €24,000 (+46.2%), from €52,000 to €76,000
- Tangible fixed assets -€19,821
down €19,821 (-25.4%), from €77,983 to €58,162
of which Furniture and vehicles: -€16,379
- Reserves +€46,000
up €46,000 (+40.9%), from €112,406 to €158,406
- Debts after one year -€12,789
down €12,789 (-43.6%), from €29,344 to €16,555
- Trade debts +€5,670
up €5,670 (+5,405%), from €105 to €5,775
- Tax, wage and social debts -€3,474
down €3,474 (-28.3%), from €12,282 to €8,809
- Gross operating margin +€14,842
up €14,842 (+23.7%), from €62,508 to €77,350
- Taxes +€3,781
up €3,781 (+42.6%), from €8,874 to €12,655
- Financial income +€3,083
up €3,083 (+30,831,100%), from €0 to €3,083
- Depreciation -€801
down €801 (-3.9%), from €20,771 to €19,970
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 | €173,386 | €207,746 | +€34,360 | +19.8% |
| Fixed assets | 21/28 | €77,983 | €58,162 | -€19,821 | -25.4% |
| Tangible fixed assets | 22/27 | €77,983 | €58,162 | -€19,821 | -25.4% |
| Furniture and vehicles | 24 | €48,599 | €32,219 | -€16,379 | -33.7% |
| Other tangible fixed assets | 26 | €29,385 | €25,943 | -€3,442 | -11.7% |
| Current assets | 29/58 | €95,402 | €149,584 | +€54,181 | +56.8% |
| Amounts receivable within one year | 40/41 | €17,014 | €18,242 | +€1,228 | +7.2% |
| Trade receivables | 40 | €17,014 | €18,242 | +€1,228 | +7.2% |
| Current investments | 50/53 | €52,000 | €76,000 | +€24,000 | +46.2% |
| Cash at bank and in hand | 54/58 | €25,667 | €54,585 | +€28,918 | +113% |
| Deferred charges and accrued income | 490/1 | €721 | €757 | +€36 | +5.0% |
| Total equity and liabilities | 10/49 | €173,386 | €207,746 | +€34,360 | +19.8% |
| Equity | 10/15 | €117,406 | €163,406 | +€46,000 | +39.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €112,406 | €158,406 | +€46,000 | +40.9% |
| Distributable reserves | 133 | €112,406 | €158,406 | +€46,000 | +40.9% |
| Amounts payable | 17/49 | €55,980 | €44,340 | -€11,640 | -20.8% |
| Amounts payable after more than one year | 17 | €29,344 | €16,555 | -€12,789 | -43.6% |
| Financial debts | 170/4 | €29,344 | €16,555 | -€12,789 | -43.6% |
| Amounts payable within one year | 42/48 | €26,636 | €27,785 | +€1,149 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €12,399 | €12,789 | +€391 | +3.1% |
| Financial debts | 43 | €1,487 | €0 | -€1,487 | -100% |
| Credit institutions | 430/8 | €1,487 | €0 | -€1,487 | -100% |
| Trade debts | 44 | €105 | €5,775 | +€5,670 | +5,405% |
| Suppliers | 440/4 | €105 | €5,775 | +€5,670 | +5,405% |
| Taxes, remuneration and social security | 45 | €12,282 | €8,809 | -€3,474 | -28.3% |
| Taxes | 450/3 | €12,282 | €8,809 | -€3,474 | -28.3% |
| Other amounts payable | 47/48 | €363 | €413 | +€49 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,771 | €19,970 | -€801 | -3.9% |
| Other operating charges | 640/8 | €272 | €531 | +€259 | +95.2% |
| Gross operating margin | 9900 | €62,508 | €77,350 | +€14,842 | +23.7% |
| Operating profit (loss) | 9901 | €41,465 | €56,849 | +€15,383 | +37.1% |
| Financial income | 75/76B | €0 | €3,083 | +€3,083 | +30,831,100% |
| Recurring financial income | 75 | €0 | €3,083 | +€3,083 | +30,831,100% |
| Financial charges | 65/66B | €1,646 | €1,276 | -€370 | -22.5% |
| Recurring financial charges | 65 | €1,646 | €1,276 | -€370 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €39,819 | €58,655 | +€18,836 | +47.3% |
| Income taxes | 67/77 | €8,874 | €12,655 | +€3,781 | +42.6% |
| Profit (loss) for the period | 9904 | €30,945 | €46,000 | +€15,055 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,945 | €46,000 | +€15,055 | +48.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.