Montesano: 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.
Montesano
Largest movements
- Tangible fixed assets +€696,846
up €696,846 (+2,583%), from €26,980 to €723,826
of which Land and buildings: +€678,714
- Cash +€35,269
new in 2025: €35,269
mainly Debts after one year (+€444,331) and Other debts (+€295,184)
- Debts after one year +€444,331
new in 2025: €444,331
- Other debts +€295,184
up €295,184 (+1,056%), from €27,963 to €323,147
- Trade debts -€38,112
down €38,112 (-71.5%), from €53,308 to €15,196
- Current portion of long-term debt +€18,158
new in 2025: €18,158
- Profit (loss) carried forward +€9,452
up €9,452 (+42.1%), from -€22,446 to -€12,995
- Depreciation +€15,359
up €15,359 (+3,032%), from €507 to €15,865
- Financial charges +€9,009
up €9,009 (+6,513%), from €138 to €9,147
- Taxes -€5,291
down €5,291 (-61.6%), from €8,594 to €3,303
- Staff costs +€2,611
new in 2025: €2,611
- Other operating charges +€1,915
up €1,915 (+118%), from €1,629 to €3,544
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 | €103,307 | €837,610 | +€734,303 | +711% |
| Fixed assets | 21/28 | €27,780 | €724,626 | +€696,846 | +2,508% |
| Tangible fixed assets | 22/27 | €26,980 | €723,826 | +€696,846 | +2,583% |
| Land and buildings | 22 | - | €678,714 | +€678,714 | |
| Plant, machinery and equipment | 23 | €535 | €18,907 | +€18,372 | +3,436% |
| Furniture and vehicles | 24 | €26,445 | €26,205 | -€240 | -0.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €75,527 | €112,984 | +€37,457 | +49.6% |
| Stocks and contracts in progress | 3 | €75,512 | €77,546 | +€2,034 | +2.7% |
| Stocks | 30/36 | €75,512 | €77,546 | +€2,034 | +2.7% |
| Amounts receivable within one year | 40/41 | €15 | €168 | +€154 | +1,055% |
| Trade receivables | 40 | €15 | €168 | +€154 | +1,055% |
| Cash at bank and in hand | 54/58 | - | €35,269 | +€35,269 | |
| Total equity and liabilities | 10/49 | €103,307 | €837,610 | +€734,303 | +711% |
| Equity | 10/15 | €3,387 | €12,838 | +€9,452 | +279% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,446 | -€12,995 | +€9,452 | +42.1% |
| Investment grants | 15 | €7,233 | €7,233 | = | 0.0% |
| Amounts payable | 17/49 | €99,920 | €824,772 | +€724,851 | +725% |
| Amounts payable after more than one year | 17 | - | €444,331 | +€444,331 | |
| Financial debts | 170/4 | - | €444,331 | +€444,331 | |
| Amounts payable within one year | 42/48 | €99,920 | €380,440 | +€280,520 | +281% |
| Current portion of amounts payable after more than one year | 42 | - | €18,158 | +€18,158 | |
| Financial debts | 43 | €40 | - | -€40 | |
| Credit institutions | 430/8 | €40 | - | -€40 | |
| Trade debts | 44 | €53,308 | €15,196 | -€38,112 | -71.5% |
| Suppliers | 440/4 | €53,308 | €15,196 | -€38,112 | -71.5% |
| Taxes, remuneration and social security | 45 | €18,609 | €23,939 | +€5,330 | +28.6% |
| Taxes | 450/3 | €18,609 | €23,939 | +€5,330 | +28.6% |
| Other amounts payable | 47/48 | €27,963 | €323,147 | +€295,184 | +1,056% |
| Remuneration, social security and pensions | 62 | - | €2,611 | +€2,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €15,865 | +€15,359 | +3,032% |
| Other operating charges | 640/8 | €1,629 | €3,544 | +€1,915 | +118% |
| Gross operating margin | 9900 | €42,931 | €43,922 | +€991 | +2.3% |
| Operating profit (loss) | 9901 | €40,795 | €21,902 | -€18,893 | -46.3% |
| Financial charges | 65/66B | €138 | €9,147 | +€9,009 | +6,513% |
| Recurring financial charges | 65 | €138 | €9,147 | +€9,009 | +6,513% |
| Profit (loss) for the period before taxes | 9903 | €40,657 | €12,754 | -€27,902 | -68.6% |
| Income taxes | 67/77 | €8,594 | €3,303 | -€5,291 | -61.6% |
| Profit (loss) for the period | 9904 | €32,063 | €9,452 | -€22,611 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,063 | €9,452 | -€22,611 | -70.5% |
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 1 November 2026 via checked.be.