Montevini: 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.
Montevini
Largest movements
- Cash -€78,208
down €78,208 (-78.0%), from €100,210 to €22,001
mainly Contributions, distributions and other (-€238,798) and Receivables within one year (-€42,116)
- Current investments -€55,000
down €55,000 (-44.0%), from €125,000 to €70,000
- Receivables within one year +€42,116
up €42,116 (+591%), from €7,127 to €49,243
of which Other amounts receivable: +€42,116
- Tangible fixed assets -€5,637
down €5,637 (-26.8%), from €21,063 to €15,426
- Profit (loss) carried forward -€96,789
down €96,789 (-99.6%), from €97,191 to €402
- Reserves -€51,798
down €51,798 (-38.0%), from €136,178 to €84,380
- Other debts +€51,392
up €51,392 (+12,675%), from €405 to €51,798
- Gross operating margin -€10,507
down €10,507 (-8.2%), from €128,733 to €118,226
- Taxes -€1,505
down €1,505 (-5.4%), from €27,960 to €26,455
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 | €256,024 | €158,349 | -€97,674 | -38.2% |
| Fixed assets | 21/28 | €21,063 | €15,426 | -€5,637 | -26.8% |
| Tangible fixed assets | 22/27 | €21,063 | €15,426 | -€5,637 | -26.8% |
| Furniture and vehicles | 24 | €21,063 | €15,426 | -€5,637 | -26.8% |
| Current assets | 29/58 | €234,961 | €142,923 | -€92,038 | -39.2% |
| Amounts receivable within one year | 40/41 | €7,127 | €49,243 | +€42,116 | +591% |
| Trade receivables | 40 | €365 | €365 | = | 0.0% |
| Other amounts receivable | 41 | €6,762 | €48,878 | +€42,116 | +623% |
| Current investments | 50/53 | €125,000 | €70,000 | -€55,000 | -44.0% |
| Cash at bank and in hand | 54/58 | €100,210 | €22,001 | -€78,208 | -78.0% |
| Deferred charges and accrued income | 490/1 | €2,624 | €1,679 | -€945 | -36.0% |
| Total equity and liabilities | 10/49 | €256,024 | €158,349 | -€97,674 | -38.2% |
| Equity | 10/15 | €243,369 | €94,782 | -€148,587 | -61.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €136,178 | €84,380 | -€51,798 | -38.0% |
| Distributable reserves | 133 | €136,178 | €84,380 | -€51,798 | -38.0% |
| Profit (loss) carried forward | 14 | €97,191 | €402 | -€96,789 | -99.6% |
| Amounts payable | 17/49 | €12,654 | €63,567 | +€50,913 | +402% |
| Amounts payable within one year | 42/48 | €12,253 | €63,452 | +€51,199 | +418% |
| Trade debts | 44 | €164 | €115 | -€49 | -30.1% |
| Suppliers | 440/4 | €164 | €115 | -€49 | -30.1% |
| Taxes, remuneration and social security | 45 | €11,684 | €11,540 | -€143 | -1.2% |
| Taxes | 450/3 | €11,684 | €11,540 | -€143 | -1.2% |
| Other amounts payable | 47/48 | €405 | €51,798 | +€51,392 | +12,675% |
| Accrued charges and deferred income | 492/3 | €401 | €115 | -€287 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,733 | €5,637 | -€97 | -1.7% |
| Other operating charges | 640/8 | €2,145 | €1,159 | -€986 | -46.0% |
| Gross operating margin | 9900 | €128,733 | €118,226 | -€10,507 | -8.2% |
| Operating profit (loss) | 9901 | €120,854 | €111,431 | -€9,424 | -7.8% |
| Financial income | 75/76B | €4,422 | €5,363 | +€942 | +21.3% |
| Recurring financial income | 75 | €4,422 | €5,363 | +€942 | +21.3% |
| Financial charges | 65/66B | €125 | €128 | +€4 | +3.1% |
| Recurring financial charges | 65 | €125 | €128 | +€4 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €125,152 | €116,666 | -€8,486 | -6.8% |
| Income taxes | 67/77 | €27,960 | €26,455 | -€1,505 | -5.4% |
| Profit (loss) for the period | 9904 | €97,191 | €90,211 | -€6,981 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €97,191 | €90,211 | -€6,981 | -7.2% |
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 13 October 2026 via checked.be.