MONTEVIDEO: 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.
MONTEVIDEO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€191,315
no longer reported in 2026 (was €191,315)
- Gross operating margin +€1,142
no longer reported in 2026 (was -€1,142)
- Financial income -€120
no longer reported in 2026 (was €120)
- Other operating charges -€88
no longer reported in 2026 (was €88)
From the 2025 result to the 2026 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,809,507 | €13,737,042 | -€72,465 | -0.5% |
| Fixed assets | 21/28 | €10,492,451 | €10,492,451 | -€0 | 0.0% |
| Financial fixed assets | 28 | €10,492,451 | €10,492,451 | -€0 | 0.0% |
| Current assets | 29/58 | €3,317,055 | €3,244,591 | -€72,464 | -2.2% |
| Amounts receivable within one year | 40/41 | €3,136,673 | €3,156,998 | +€20,325 | +0.6% |
| Trade receivables | 40 | €150,880 | €170,880 | +€20,000 | +13.3% |
| Other amounts receivable | 41 | €2,985,793 | €2,986,118 | +€325 | 0.0% |
| Cash at bank and in hand | 54/58 | €180,383 | €87,593 | -€92,790 | -51.4% |
| Total equity and liabilities | 10/49 | €13,809,507 | €13,737,042 | -€72,465 | -0.5% |
| Equity | 10/15 | €4,005,796 | €3,975,863 | -€29,933 | -0.7% |
| Contributions | 10/11 | €18,939,972 | €18,939,972 | = | 0.0% |
| Reserves | 13 | €17,502 | €17,502 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €17,502 | - | -€17,502 | |
| Reserves not available under the articles | 1311 | €17,502 | - | -€17,502 | |
| Distributable reserves | 133 | - | €17,502 | +€17,502 | |
| Profit (loss) carried forward | 14 | -€14,951,677 | -€14,981,611 | -€29,934 | -0.2% |
| Amounts payable | 17/49 | €9,803,710 | €9,761,179 | -€42,531 | -0.4% |
| Amounts payable within one year | 42/48 | €9,803,710 | €9,761,179 | -€42,531 | -0.4% |
| Trade debts | 44 | €3,813 | €2,756 | -€1,057 | -27.7% |
| Suppliers | 440/4 | €3,813 | €2,756 | -€1,057 | -27.7% |
| Taxes, remuneration and social security | 45 | €681 | €680 | -€1 | -0.1% |
| Taxes | 450/3 | €681 | €680 | -€1 | -0.1% |
| Other amounts payable | 47/48 | €9,799,217 | €9,757,743 | -€41,474 | -0.4% |
| Other operating charges | 640/8 | €88 | - | -€88 | |
| Gross operating margin | 9900 | -€1,142 | - | +€1,142 | |
| Operating profit (loss) | 9901 | -€1,230 | - | +€1,230 | |
| Financial income | 75/76B | €120 | - | -€120 | |
| Recurring financial income | 75 | €120 | - | -€120 | |
| Financial charges | 65/66B | €191,315 | - | -€191,315 | |
| Recurring financial charges | 65 | €191,315 | - | -€191,315 | |
| Profit (loss) for the period before taxes | 9903 | -€192,425 | - | +€192,425 | |
| Profit (loss) for the period | 9904 | -€192,425 | - | +€192,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€192,425 | - | +€192,425 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2025 and 11 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.