Monterey: what changed
Two fiscal 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.
Monterey
Largest movements
- Cash -€322,970
down €322,970 (-83.6%), from €386,205 to €63,235
mainly Investment in fixed assets (net) (-€331,849) and Other debts (-€133,591)
- Tangible fixed assets +€271,519
up €271,519 (+21.8%), from €1.2m to €1.5m
of which Land and buildings: +€274,226
- Debts after one year +€142,338
up €142,338 (+21.6%), from €657,718 to €800,056
of which Other amounts payable: +€211,613
- Other debts -€133,591
down €133,591 (-52.9%), from €252,457 to €118,866
- Profit (loss) carried forward -€52,079
down €52,079 (-10.0%), from -€522,283 to -€574,362
- Reserves -€16,722
down €16,722 (-3.0%), from €551,821 to €535,098
of which Tax-exempt reserves: -€16,722
- Gross operating margin +€71,854
up €71,854, from -€7,860 to €63,995
- Other operating charges -€21,169
down €21,169 (-30.5%), from €69,408 to €48,238
- Depreciation +€15,928
up €15,928 (+35.9%), from €44,402 to €60,330
- Financial charges +€4,793
up €4,793 (+18.1%), from €26,459 to €31,252
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 | €1,643,117 | €1,594,138 | -€48,979 | -3.0% |
| Fixed assets | 21/28 | €1,247,587 | €1,519,106 | +€271,519 | +21.8% |
| Tangible fixed assets | 22/27 | €1,247,587 | €1,519,106 | +€271,519 | +21.8% |
| Land and buildings | 22 | €1,214,837 | €1,489,062 | +€274,226 | +22.6% |
| Furniture and vehicles | 24 | €860 | €1,596 | +€736 | +85.5% |
| Other tangible fixed assets | 26 | €31,889 | €28,447 | -€3,443 | -10.8% |
| Current assets | 29/58 | €395,531 | €75,033 | -€320,498 | -81.0% |
| Stocks and contracts in progress | 3 | €5,991 | €5,991 | = | 0.0% |
| Stocks | 30/36 | €5,991 | €5,991 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €369 | €55 | -€314 | -85.1% |
| Trade receivables | 40 | €369 | €55 | -€314 | -85.1% |
| Cash at bank and in hand | 54/58 | €386,205 | €63,235 | -€322,970 | -83.6% |
| Deferred charges and accrued income | 490/1 | €2,965 | €5,752 | +€2,786 | +94.0% |
| Total equity and liabilities | 10/49 | €1,643,117 | €1,594,138 | -€48,979 | -3.0% |
| Equity | 10/15 | €254,438 | €185,636 | -€68,802 | -27.0% |
| Contributions | 10/11 | €224,900 | €224,900 | = | 0.0% |
| Capital | 10 | €224,900 | €224,900 | = | 0.0% |
| Issued capital | 100 | €224,900 | €224,900 | = | 0.0% |
| Reserves | 13 | €551,821 | €535,098 | -€16,722 | -3.0% |
| Non-distributable reserves | 130/1 | €87,941 | €87,941 | = | 0.0% |
| Legal reserve | 130 | €87,941 | €87,941 | = | 0.0% |
| Tax-exempt reserves | 132 | €397,447 | €380,725 | -€16,722 | -4.2% |
| Distributable reserves | 133 | €66,433 | €66,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€522,283 | -€574,362 | -€52,079 | -10.0% |
| Provisions and deferred taxes | 16 | €144,307 | €137,283 | -€7,024 | -4.9% |
| Deferred taxes | 168 | €144,307 | €137,283 | -€7,024 | -4.9% |
| Amounts payable | 17/49 | €1,244,372 | €1,271,219 | +€26,847 | +2.2% |
| Amounts payable after more than one year | 17 | €657,718 | €800,056 | +€142,338 | +21.6% |
| Financial debts | 170/4 | €399,330 | €330,056 | -€69,274 | -17.3% |
| Other amounts payable | 178/9 | €258,388 | €470,000 | +€211,613 | +81.9% |
| Amounts payable within one year | 42/48 | €375,319 | €244,827 | -€130,491 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €63,675 | €67,679 | +€4,004 | +6.3% |
| Trade debts | 44 | €59,186 | €58,231 | -€956 | -1.6% |
| Suppliers | 440/4 | €59,186 | €58,231 | -€956 | -1.6% |
| Advances received on contracts in progress | 46 | - | €51 | +€51 | |
| Other amounts payable | 47/48 | €252,457 | €118,866 | -€133,591 | -52.9% |
| Accrued charges and deferred income | 492/3 | €211,335 | €226,335 | +€15,000 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,402 | €60,330 | +€15,928 | +35.9% |
| Other operating charges | 640/8 | €69,408 | €48,238 | -€21,169 | -30.5% |
| Gross operating margin | 9900 | -€7,860 | €63,995 | +€71,854 | |
| Operating profit (loss) | 9901 | -€121,670 | -€44,574 | +€77,096 | +63.4% |
| Financial income | 75/76B | €1 | €1 | -€0 | -38.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -38.8% |
| Financial charges | 65/66B | €26,459 | €31,252 | +€4,793 | +18.1% |
| Recurring financial charges | 65 | €26,459 | €31,252 | +€4,793 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€148,128 | -€75,826 | +€72,302 | +48.8% |
| Transfer from deferred taxes | 780 | €5,484 | €7,024 | +€1,540 | +28.1% |
| Profit (loss) for the period | 9904 | -€142,644 | -€68,802 | +€73,842 | +51.8% |
| Transfer from tax-exempt reserves | 789 | €13,056 | €16,722 | +€3,666 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,587 | -€52,079 | +€77,508 | +59.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.