MONTELPARO: what changed
MONTELPARO
Largest movements
- Receivables after one year +€80,000
new in 2025: €80,000
- Receivables within one year -€39,255
down €39,255 (-99.5%), from €39,450 to €195
of which Other amounts receivable: -€27,692
- Cash +€12,496
up €12,496 (+86.9%), from €14,388 to €26,884
mainly Net result for the year (+€58,632) and Receivables within one year (+€39,255)
- Tangible fixed assets +€4,340
new in 2025: €4,340
- Deferred charges and accrued income +€2,400
new in 2025: €2,400
- Reserves +€58,632
up €58,632 (+155%), from €37,743 to €96,374
- Tax, wage and social debts -€7,100
down €7,100 (-45.2%), from €15,707 to €8,607
- Trade debts +€4,002
up €4,002 (+1,030%), from €388 to €4,391
- Other debts +€3,793
new in 2025: €3,793
- Gross operating margin +€27,016
up €27,016 (+55.3%), from €48,890 to €75,906
- Taxes +€6,764
up €6,764 (+60.8%), from €11,131 to €17,894
- Financial income +€2,222
up €2,222 (+539%), from €412 to €2,634
- Depreciation +€775
new in 2025: €775
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,838 | €114,165 | +€60,327 | +112% |
| Fixed assets | 21/28 | - | €4,687 | +€4,687 | |
| Tangible fixed assets | 22/27 | - | €4,340 | +€4,340 | |
| Furniture and vehicles | 24 | - | €4,340 | +€4,340 | |
| Financial fixed assets | 28 | - | €347 | +€347 | |
| Current assets | 29/58 | €53,838 | €109,478 | +€55,640 | +103% |
| Amounts receivable after more than one year | 29 | - | €80,000 | +€80,000 | |
| Other amounts receivable | 291 | - | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €39,450 | €195 | -€39,255 | -99.5% |
| Trade receivables | 40 | €11,564 | €0 | -€11,564 | -100% |
| Other amounts receivable | 41 | €27,886 | €195 | -€27,692 | -99.3% |
| Cash at bank and in hand | 54/58 | €14,388 | €26,884 | +€12,496 | +86.9% |
| Deferred charges and accrued income | 490/1 | - | €2,400 | +€2,400 | |
| Total equity and liabilities | 10/49 | €53,838 | €114,165 | +€60,327 | +112% |
| Equity | 10/15 | €37,743 | €97,374 | +€59,632 | +158% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €37,743 | €96,374 | +€58,632 | +155% |
| Distributable reserves | 133 | €37,743 | €96,374 | +€58,632 | +155% |
| Amounts payable | 17/49 | €16,095 | €16,791 | +€695 | +4.3% |
| Amounts payable within one year | 42/48 | €16,095 | €16,791 | +€695 | +4.3% |
| Trade debts | 44 | €388 | €4,391 | +€4,002 | +1,030% |
| Suppliers | 440/4 | €388 | €4,391 | +€4,002 | +1,030% |
| Taxes, remuneration and social security | 45 | €15,707 | €8,607 | -€7,100 | -45.2% |
| Taxes | 450/3 | €15,707 | €8,607 | -€7,100 | -45.2% |
| Other amounts payable | 47/48 | - | €3,793 | +€3,793 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €775 | +€775 | |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | €48,890 | €75,906 | +€27,016 | +55.3% |
| Operating profit (loss) | 9901 | €48,503 | €74,612 | +€26,109 | +53.8% |
| Financial income | 75/76B | €412 | €2,634 | +€2,222 | +539% |
| Recurring financial income | 75 | €412 | €2,634 | +€2,222 | +539% |
| Financial charges | 65/66B | €41 | €719 | +€678 | +1,646% |
| Recurring financial charges | 65 | €41 | €719 | +€678 | +1,646% |
| Profit (loss) for the period before taxes | 9903 | €48,873 | €76,526 | +€27,653 | +56.6% |
| Income taxes | 67/77 | €11,131 | €17,894 | +€6,764 | +60.8% |
| Profit (loss) for the period | 9904 | €37,743 | €58,632 | +€20,889 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,743 | €58,632 | +€20,889 | +55.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.