Montexfor: 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.
Montexfor
Largest movements
- Receivables within one year -€54,912
down €54,912 (-33.6%), from €163,438 to €108,526
of which Trade receivables: -€54,933
- Stocks and contracts -€12,000
down €12,000 (-2.6%), from €454,860 to €442,860
- Other debts -€38,138
down €38,138 (-12.7%), from €301,145 to €263,007
- Trade debts -€12,453
down €12,453 (-90.6%), from €13,749 to €1,296
- Debts after one year -€8,976
down €8,976 (-74.3%), from €12,077 to €3,101
- Purchases and services +€88,693
up €88,693 (+418.7%), from €21,182 to €109,875
- Gross operating margin -€51,126
down €51,126, from €24,210 to -€26,916
- Financial charges -€9,540
down €9,540 (-45.0%), from €21,182 to €11,642
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.
Cash bridge derived
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 | €695,950 | €633,899 | -€62,051 | -8.9% |
| Fixed assets | 21/28 | €77,613 | €77,613 | = | 0.0% |
| Tangible fixed assets | 22/27 | €75,000 | €75,000 | = | 0.0% |
| Land and buildings | 22 | €75,000 | €75,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,613 | €2,613 | = | 0.0% |
| Current assets | 29/58 | €618,337 | €556,286 | -€62,051 | -10.0% |
| Stocks and contracts in progress | 3 | €454,860 | €442,860 | -€12,000 | -2.6% |
| Stocks | 30/36 | €454,860 | €442,860 | -€12,000 | -2.6% |
| Amounts receivable within one year | 40/41 | €163,438 | €108,526 | -€54,912 | -33.6% |
| Trade receivables | 40 | €163,212 | €108,279 | -€54,933 | -33.7% |
| Other amounts receivable | 41 | €226 | €247 | +€21 | +9.3% |
| Cash at bank and in hand | 54/58 | €39 | €4,852 | +€4,813 | +12341.0% |
| Deferred charges and accrued income | 490/1 | - | €48 | +€48 | |
| Total equity and liabilities | 10/49 | €695,950 | €633,899 | -€62,051 | -8.9% |
| Equity | 10/15 | €255,941 | €255,941 | = | 0.0% |
| Contributions | 10/11 | €223,476 | €223,476 | = | 0.0% |
| Capital | 10 | €223,476 | €223,476 | = | 0.0% |
| Issued capital | 100 | €223,476 | €223,476 | = | 0.0% |
| Reserves | 13 | €22,348 | €22,348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,348 | €22,348 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,348 | €22,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,117 | €10,117 | = | 0.0% |
| Amounts payable | 17/49 | €440,009 | €377,958 | -€62,051 | -14.1% |
| Amounts payable after more than one year | 17 | €12,077 | €3,101 | -€8,976 | -74.3% |
| Financial debts | 170/4 | €12,077 | €3,101 | -€8,976 | -74.3% |
| Amounts payable within one year | 42/48 | €424,180 | €374,857 | -€49,323 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €8,504 | €8,976 | +€472 | +5.6% |
| Financial debts | 43 | €100,782 | €100,721 | -€61 | -0.1% |
| Credit institutions | 430/8 | €100,782 | €100,721 | -€61 | -0.1% |
| Trade debts | 44 | €13,749 | €1,296 | -€12,453 | -90.6% |
| Suppliers | 440/4 | €13,749 | €1,296 | -€12,453 | -90.6% |
| Taxes, remuneration and social security | 45 | - | €857 | +€857 | |
| Taxes | 450/3 | - | €857 | +€857 | |
| Other amounts payable | 47/48 | €301,145 | €263,007 | -€38,138 | -12.7% |
| Accrued charges and deferred income | 492/3 | €3,752 | - | -€3,752 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,182 | €109,875 | +€88,693 | +418.7% |
| Other operating charges | 640/8 | €94 | €98 | +€4 | +4.3% |
| Gross operating margin | 9900 | €24,210 | -€26,916 | -€51,126 | |
| Operating profit (loss) | 9901 | €24,116 | -€27,014 | -€51,130 | |
| Financial charges | 65/66B | €21,182 | €11,642 | -€9,540 | -45.0% |
| Recurring financial charges | 65 | €21,182 | €11,642 | -€9,540 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €2,934 | -€38,656 | -€41,590 | |
| Profit (loss) for the period | 9904 | €2,934 | -€38,656 | -€41,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,934 | -€38,656 | -€41,590 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.