MONTESPAN: 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.
MONTESPAN
Largest movements
- Cash +€95,732
up €95,732 (+87.5%), from €109,397 to €205,129
mainly Net result for the year (+€106,179) and Tax, wage and social debts (+€5,493)
- Profit (loss) carried forward +€89,036
up €89,036 (+189%), from €47,097 to €136,132
- Tax, wage and social debts +€5,493
up €5,493 (+20.9%), from €26,313 to €31,806
of which Taxes: +€5,493
- Gross operating margin +€30,302
up €30,302 (+28.2%), from €107,317 to €137,619
- Taxes +€5,933
up €5,933 (+24.7%), from €23,993 to €29,926
- Other operating charges -€2,467
down €2,467 (-87.5%), from €2,818 to €352
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 | €110,391 | €206,033 | +€95,642 | +86.6% |
| Fixed assets | 21/28 | €994 | €662 | -€332 | -33.4% |
| Tangible fixed assets | 22/27 | €994 | €662 | -€332 | -33.4% |
| Plant, machinery and equipment | 23 | €994 | €662 | -€332 | -33.4% |
| Current assets | 29/58 | €109,397 | €205,370 | +€95,973 | +87.7% |
| Amounts receivable within one year | 40/41 | - | €241 | +€241 | |
| Other amounts receivable | 41 | - | €241 | +€241 | |
| Cash at bank and in hand | 54/58 | €109,397 | €205,129 | +€95,732 | +87.5% |
| Total equity and liabilities | 10/49 | €110,391 | €206,033 | +€95,642 | +86.6% |
| Equity | 10/15 | €82,097 | €171,132 | +€89,036 | +108% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,097 | €136,132 | +€89,036 | +189% |
| Amounts payable | 17/49 | €28,294 | €34,900 | +€6,606 | +23.3% |
| Amounts payable within one year | 42/48 | €28,294 | €34,900 | +€6,606 | +23.3% |
| Trade debts | 44 | €192 | - | -€192 | |
| Suppliers | 440/4 | €192 | - | -€192 | |
| Taxes, remuneration and social security | 45 | €26,313 | €31,806 | +€5,493 | +20.9% |
| Taxes | 450/3 | €24,753 | €30,246 | +€5,493 | +22.2% |
| Remuneration and social security | 454/9 | €1,560 | €1,560 | = | 0.0% |
| Other amounts payable | 47/48 | €1,789 | €3,095 | +€1,305 | +72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,476 | €332 | -€1,144 | -77.5% |
| Other operating charges | 640/8 | €2,818 | €352 | -€2,467 | -87.5% |
| Gross operating margin | 9900 | €107,317 | €137,619 | +€30,302 | +28.2% |
| Operating profit (loss) | 9901 | €103,023 | €136,936 | +€33,913 | +32.9% |
| Financial income | 75/76B | - | €1,164 | +€1,164 | |
| Recurring financial income | 75 | - | €1,164 | +€1,164 | |
| Financial charges | 65/66B | €1,934 | €1,996 | +€63 | +3.2% |
| Recurring financial charges | 65 | €1,934 | €1,996 | +€63 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €101,090 | €136,104 | +€35,015 | +34.6% |
| Income taxes | 67/77 | €23,993 | €29,926 | +€5,933 | +24.7% |
| Profit (loss) for the period | 9904 | €77,097 | €106,179 | +€29,082 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,097 | €106,179 | +€29,082 | +37.7% |
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 24 October 2026 via checked.be.