Montevideo Clinic: 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 Clinic
Largest movements
- Tangible fixed assets -€32,444
down €32,444 (-3.1%), from €1.0m to €999,157
of which Land and buildings: -€39,222
- Receivables within one year -€28,861
down €28,861 (-91.0%), from €31,722 to €2,862
of which Other amounts receivable: -€31,722
- Cash -€24,235
down €24,235 (-85.5%), from €28,347 to €4,112
mainly Net result for the year (-€77,715) and Debts after one year (-€42,616)
- Profit (loss) carried forward -€77,715
down €77,715 (-47.4%), from -€163,966 to -€241,680
- Other debts +€55,919
new in 2025: €55,919
- Debts after one year -€42,616
down €42,616 (-3.8%), from €1.1m to €1.1m
- Trade debts -€24,473
down €24,473 (-98.8%), from €24,771 to €298
- Depreciation +€19,301
up €19,301 (+54.4%), from €35,512 to €54,813
- Gross operating margin +€19,226
up €19,226 (+684%), from €2,809 to €22,036
- Other operating charges +€4,145
new in 2025: €4,145
- Financial charges +€3,824
up €3,824 (+10.3%), from €36,968 to €40,792
- Financial income -€304
no longer reported in 2025 (was €304)
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 | €1,097,055 | €1,010,772 | -€86,283 | -7.9% |
| Fixed assets | 21/28 | €1,036,407 | €1,002,963 | -€33,444 | -3.2% |
| Intangible fixed assets | 21 | €4,806 | €3,806 | -€1,000 | -20.8% |
| Tangible fixed assets | 22/27 | €1,031,601 | €999,157 | -€32,444 | -3.1% |
| Land and buildings | 22 | €1,013,292 | €974,070 | -€39,222 | -3.9% |
| Plant, machinery and equipment | 23 | €17,680 | €23,743 | +€6,064 | +34.3% |
| Furniture and vehicles | 24 | €629 | €1,344 | +€714 | +113% |
| Current assets | 29/58 | €60,648 | €7,809 | -€52,839 | -87.1% |
| Amounts receivable within one year | 40/41 | €31,722 | €2,862 | -€28,861 | -91.0% |
| Trade receivables | 40 | - | €2,862 | +€2,862 | |
| Other amounts receivable | 41 | €31,722 | - | -€31,722 | |
| Cash at bank and in hand | 54/58 | €28,347 | €4,112 | -€24,235 | -85.5% |
| Deferred charges and accrued income | 490/1 | €579 | €836 | +€257 | +44.4% |
| Total equity and liabilities | 10/49 | €1,097,055 | €1,010,772 | -€86,283 | -7.9% |
| Equity | 10/15 | -€98,966 | -€176,680 | -€77,715 | -78.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,966 | -€241,680 | -€77,715 | -47.4% |
| Amounts payable | 17/49 | €1,196,021 | €1,187,453 | -€8,568 | -0.7% |
| Amounts payable after more than one year | 17 | €1,127,342 | €1,084,727 | -€42,616 | -3.8% |
| Financial debts | 170/4 | €1,127,342 | €1,084,727 | -€42,616 | -3.8% |
| Amounts payable within one year | 42/48 | €68,678 | €102,726 | +€34,048 | +49.6% |
| Current portion of amounts payable after more than one year | 42 | €43,908 | €45,616 | +€1,708 | +3.9% |
| Trade debts | 44 | €24,771 | €298 | -€24,473 | -98.8% |
| Suppliers | 440/4 | €24,771 | €298 | -€24,473 | -98.8% |
| Taxes, remuneration and social security | 45 | - | €894 | +€894 | |
| Taxes | 450/3 | - | €894 | +€894 | |
| Other amounts payable | 47/48 | - | €55,919 | +€55,919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,512 | €54,813 | +€19,301 | +54.4% |
| Other operating charges | 640/8 | - | €4,145 | +€4,145 | |
| Gross operating margin | 9900 | €2,809 | €22,036 | +€19,226 | +684% |
| Operating profit (loss) | 9901 | -€32,703 | -€36,923 | -€4,220 | -12.9% |
| Financial income | 75/76B | €304 | - | -€304 | |
| Recurring financial income | 75 | €304 | - | -€304 | |
| Financial charges | 65/66B | €36,968 | €40,792 | +€3,824 | +10.3% |
| Recurring financial charges | 65 | €36,968 | €40,792 | +€3,824 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€69,367 | -€77,715 | -€8,348 | -12.0% |
| Profit (loss) for the period | 9904 | -€69,367 | -€77,715 | -€8,348 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,367 | -€77,715 | -€8,348 | -12.0% |
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 31 October 2026 via checked.be.