MONTEFLORES: 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.
MONTEFLORES
Largest movements
- Cash -€83,006
down €83,006 (-9.0%), from €923,826 to €840,820
mainly Tax, wage and social debts (-€123,815) and Accrued charges and deferred income (-€80,373)
- Tangible fixed assets -€64,502
down €64,502 (-25.0%), from €258,379 to €193,877
of which Plant, machinery and equipment: -€62,549
- Tax, wage and social debts -€123,815
down €123,815 (-82.5%), from €150,037 to €26,222
- Accrued charges and deferred income -€80,373
down €80,373 (-5.4%), from €1.5m to €1.4m
- Profit (loss) carried forward +€63,056
up €63,056 (+16.5%), from €382,943 to €446,000
- Gross operating margin -€20,988
down €20,988 (-14.3%), from €146,948 to €125,959
- Depreciation -€17,084
down €17,084 (-16.5%), from €103,524 to €86,439
- Financial income -€5,409
down €5,409 (-7.8%), from €69,640 to €64,230
- Taxes -€5,097
down €5,097 (-16.9%), from €30,100 to €25,003
- Staff costs -€3,720
no longer reported in 2025 (was €3,720)
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 | €3,070,885 | €2,938,885 | -€132,000 | -4.3% |
| Fixed assets | 21/28 | €258,379 | €193,877 | -€64,502 | -25.0% |
| Tangible fixed assets | 22/27 | €258,379 | €193,877 | -€64,502 | -25.0% |
| Land and buildings | 22 | €24,753 | €23,536 | -€1,216 | -4.9% |
| Plant, machinery and equipment | 23 | €221,131 | €158,582 | -€62,549 | -28.3% |
| Furniture and vehicles | 24 | €12,495 | €11,758 | -€736 | -5.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €2,812,506 | €2,745,008 | -€67,498 | -2.4% |
| Amounts receivable within one year | 40/41 | €1,888,681 | €1,890,813 | +€2,132 | +0.1% |
| Trade receivables | 40 | €313,236 | €134,992 | -€178,244 | -56.9% |
| Other amounts receivable | 41 | €1,575,444 | €1,755,821 | +€180,377 | +11.4% |
| Cash at bank and in hand | 54/58 | €923,826 | €840,820 | -€83,006 | -9.0% |
| Deferred charges and accrued income | 490/1 | - | €13,375 | +€13,375 | |
| Total equity and liabilities | 10/49 | €3,070,885 | €2,938,885 | -€132,000 | -4.3% |
| Equity | 10/15 | €931,026 | €994,083 | +€63,056 | +6.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €486,083 | €486,083 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €479,883 | €479,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €382,943 | €446,000 | +€63,056 | +16.5% |
| Amounts payable | 17/49 | €2,139,859 | €1,944,802 | -€195,057 | -9.1% |
| Amounts payable within one year | 42/48 | €663,445 | €548,762 | -€114,683 | -17.3% |
| Trade debts | 44 | €8,635 | €12,120 | +€3,485 | +40.4% |
| Suppliers | 440/4 | €8,635 | €12,120 | +€3,485 | +40.4% |
| Taxes, remuneration and social security | 45 | €150,037 | €26,222 | -€123,815 | -82.5% |
| Taxes | 450/3 | €150,037 | €26,222 | -€123,815 | -82.5% |
| Other amounts payable | 47/48 | €504,773 | €510,420 | +€5,647 | +1.1% |
| Accrued charges and deferred income | 492/3 | €1,476,413 | €1,396,040 | -€80,373 | -5.4% |
| Non-recurring operating income | 76A | €2,700 | - | -€2,700 | |
| Remuneration, social security and pensions | 62 | €3,720 | - | -€3,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,524 | €86,439 | -€17,084 | -16.5% |
| Other operating charges | 640/8 | €4,746 | €5,763 | +€1,017 | +21.4% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €146,948 | €125,959 | -€20,988 | -14.3% |
| Operating profit (loss) | 9901 | €34,458 | €33,757 | -€701 | -2.0% |
| Financial income | 75/76B | €69,640 | €64,230 | -€5,409 | -7.8% |
| Recurring financial income | 75 | €69,640 | €64,230 | -€5,409 | -7.8% |
| Financial charges | 65/66B | €8,132 | €9,928 | +€1,796 | +22.1% |
| Recurring financial charges | 65 | €8,132 | €9,928 | +€1,796 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €95,965 | €88,059 | -€7,906 | -8.2% |
| Income taxes | 67/77 | €30,100 | €25,003 | -€5,097 | -16.9% |
| Profit (loss) for the period | 9904 | €65,866 | €63,056 | -€2,809 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,866 | €63,056 | -€2,809 | -4.3% |
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 15 October 2026 via checked.be.