MONTEVARA: 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.
MONTEVARA
Largest movements
- Current investments +€29,638
up €29,638 (+14.8%), from €200,362 to €230,000
- Tangible fixed assets -€19,307
down €19,307 (-2.5%), from €771,341 to €752,035
of which Land and buildings: -€18,978
- Reserves +€54,589
up €54,589 (+15.0%), from €364,802 to €419,391
- Other debts -€49,636
down €49,636 (-27.2%), from €182,673 to €133,037
- Gross operating margin +€24,312
up €24,312 (+25.8%), from €94,307 to €118,619
- Taxes +€7,563
up €7,563 (+38.6%), from €19,590 to €27,153
- Financial income +€3,570
up €3,570 (+114.0%), from €3,131 to €6,701
- Financial charges +€1,328
up €1,328 (+16.0%), from €8,279 to €9,607
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,071,566 | €1,078,989 | +€7,423 | +0.7% |
| Fixed assets | 21/28 | €771,341 | €752,035 | -€19,307 | -2.5% |
| Tangible fixed assets | 22/27 | €771,341 | €752,035 | -€19,307 | -2.5% |
| Land and buildings | 22 | €769,865 | €750,887 | -€18,978 | -2.5% |
| Furniture and vehicles | 24 | €1,476 | €1,148 | -€329 | -22.3% |
| Current assets | 29/58 | €300,224 | €326,954 | +€26,730 | +8.9% |
| Amounts receivable within one year | 40/41 | €20,256 | €18,746 | -€1,510 | -7.5% |
| Trade receivables | 40 | €20,256 | €18,281 | -€1,975 | -9.8% |
| Other amounts receivable | 41 | - | €465 | +€465 | |
| Current investments | 50/53 | €200,362 | €230,000 | +€29,638 | +14.8% |
| Cash at bank and in hand | 54/58 | €75,265 | €74,010 | -€1,255 | -1.7% |
| Deferred charges and accrued income | 490/1 | €4,342 | €4,198 | -€144 | -3.3% |
| Total equity and liabilities | 10/49 | €1,071,566 | €1,078,989 | +€7,423 | +0.7% |
| Equity | 10/15 | €864,802 | €919,391 | +€54,589 | +6.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €364,802 | €419,391 | +€54,589 | +15.0% |
| Distributable reserves | 133 | €364,802 | €419,391 | +€54,589 | +15.0% |
| Amounts payable | 17/49 | €206,764 | €159,598 | -€47,166 | -22.8% |
| Amounts payable within one year | 42/48 | €198,576 | €150,050 | -€48,527 | -24.4% |
| Trade debts | 44 | €1,097 | €451 | -€646 | -58.9% |
| Suppliers | 440/4 | €1,097 | €451 | -€646 | -58.9% |
| Taxes, remuneration and social security | 45 | €14,806 | €16,561 | +€1,755 | +11.9% |
| Taxes | 450/3 | €14,806 | €16,561 | +€1,755 | +11.9% |
| Other amounts payable | 47/48 | €182,673 | €133,037 | -€49,636 | -27.2% |
| Accrued charges and deferred income | 492/3 | €8,187 | €9,548 | +€1,361 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,860 | €19,307 | +€447 | +2.4% |
| Other operating charges | 640/8 | €13,963 | €14,665 | +€702 | +5.0% |
| Gross operating margin | 9900 | €94,307 | €118,619 | +€24,312 | +25.8% |
| Operating profit (loss) | 9901 | €61,484 | €84,647 | +€23,163 | +37.7% |
| Financial income | 75/76B | €3,131 | €6,701 | +€3,570 | +114.0% |
| Recurring financial income | 75 | €3,131 | €6,701 | +€3,570 | +114.0% |
| Financial charges | 65/66B | €8,279 | €9,607 | +€1,328 | +16.0% |
| Recurring financial charges | 65 | €8,279 | €9,607 | +€1,328 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €56,336 | €81,741 | +€25,405 | +45.1% |
| Income taxes | 67/77 | €19,590 | €27,153 | +€7,563 | +38.6% |
| Profit (loss) for the period | 9904 | €36,746 | €54,589 | +€17,843 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,746 | €54,589 | +€17,843 | +48.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.