MONTEVIDEO ASSETS: 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.
MONTEVIDEO ASSETS
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+12.4%), from €10.2m to €11.5m
of which Land and buildings: +€11.5m
- Receivables within one year +€307,648
up €307,648 (+1,299%), from €23,682 to €331,330
of which Trade receivables: +€330,605
- Cash +€201,172
up €201,172 (+999%), from €20,138 to €221,310
mainly Debts after one year (+€8.0m) and Depreciation (+€377,504)
- Debts after one year +€8.0m
up €8.0m (+220%), from €3.6m to €11.7m
of which Other amounts payable: +€5.5m
- Other debts -€5.8m
no longer reported in 2025 (was €5.8m)
- Trade debts -€535,482
down €535,482 (-68.1%), from €785,821 to €250,339
- Profit (loss) carried forward -€265,018
down €265,018 (-86.1%), from -€307,964 to -€572,982
- Current portion of long-term debt +€170,000
up €170,000 (+100%), from €170,000 to €340,000
- Gross operating margin +€1.1m
up €1.1m, from -€39,999 to €1.1m
- Other operating charges +€599,627
up €599,627 (+101,556%), from €590 to €600,218
- Depreciation +€377,504
new in 2025: €377,504
- Financial charges +€364,056
up €364,056 (+3,880%), from €9,383 to €373,438
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 | €10,318,617 | €12,087,218 | +€1.8m | +17.1% |
| Fixed assets | 21/28 | €10,222,797 | €11,494,261 | +€1.3m | +12.4% |
| Tangible fixed assets | 22/27 | €10,222,797 | €11,494,261 | +€1.3m | +12.4% |
| Land and buildings | 22 | - | €11,465,275 | +€11.5m | |
| Furniture and vehicles | 24 | - | €28,986 | +€28,986 | |
| Assets under construction and advance payments | 27 | €10,222,797 | - | -€10.2m | |
| Current assets | 29/58 | €95,820 | €592,957 | +€497,136 | +519% |
| Amounts receivable within one year | 40/41 | €23,682 | €331,330 | +€307,648 | +1,299% |
| Trade receivables | 40 | - | €330,605 | +€330,605 | |
| Other amounts receivable | 41 | €23,682 | €725 | -€22,957 | -96.9% |
| Cash at bank and in hand | 54/58 | €20,138 | €221,310 | +€201,172 | +999% |
| Deferred charges and accrued income | 490/1 | €52,001 | €40,317 | -€11,683 | -22.5% |
| Total equity and liabilities | 10/49 | €10,318,617 | €12,087,218 | +€1.8m | +17.1% |
| Equity | 10/15 | -€246,464 | -€511,482 | -€265,018 | -108% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€307,964 | -€572,982 | -€265,018 | -86.1% |
| Amounts payable | 17/49 | €10,565,081 | €12,598,700 | +€2.0m | +19.2% |
| Amounts payable after more than one year | 17 | €3,640,000 | €11,658,539 | +€8.0m | +220% |
| Financial debts | 170/4 | €3,640,000 | €6,195,000 | +€2.6m | +70.2% |
| Other amounts payable | 178/9 | - | €5,463,539 | +€5.5m | |
| Amounts payable within one year | 42/48 | €6,708,346 | €647,434 | -€6.1m | -90.3% |
| Current portion of amounts payable after more than one year | 42 | €170,000 | €340,000 | +€170,000 | +100% |
| Trade debts | 44 | €785,821 | €250,339 | -€535,482 | -68.1% |
| Suppliers | 440/4 | €785,821 | €250,339 | -€535,482 | -68.1% |
| Taxes, remuneration and social security | 45 | - | €57,095 | +€57,095 | |
| Taxes | 450/3 | - | €57,095 | +€57,095 | |
| Other amounts payable | 47/48 | €5,752,525 | - | -€5.8m | |
| Accrued charges and deferred income | 492/3 | €216,735 | €292,727 | +€75,992 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €377,504 | +€377,504 | |
| Other operating charges | 640/8 | €590 | €600,218 | +€599,627 | +101,556% |
| Gross operating margin | 9900 | -€39,999 | €1,086,142 | +€1.1m | |
| Operating profit (loss) | 9901 | -€40,590 | €108,421 | +€149,011 | |
| Financial charges | 65/66B | €9,383 | €373,438 | +€364,056 | +3,880% |
| Recurring financial charges | 65 | €9,383 | €373,438 | +€364,056 | +3,880% |
| Profit (loss) for the period before taxes | 9903 | -€49,973 | -€265,018 | -€215,045 | -430% |
| Profit (loss) for the period | 9904 | -€49,973 | -€265,018 | -€215,045 | -430% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,973 | -€265,018 | -€215,045 | -430% |
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 16 October 2026 via checked.be.