MONTEYNE-MOYAERT: 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.
MONTEYNE-MOYAERT
Largest movements
- Current investments +€629,238
up €629,238 (+125%), from €503,563 to €1.1m
- Deferred charges and accrued income -€54,946
down €54,946 (-97.3%), from €56,446 to €1,501
- Receivables within one year -€23,798
down €23,798 (-94.0%), from €25,307 to €1,509
of which Other amounts receivable: -€18,692
- Reserves +€581,215
up €581,215 (+120%), from €482,501 to €1.1m
- Tax, wage and social debts -€12,510
down €12,510 (-14.2%), from €88,131 to €75,621
of which Remuneration and social security: -€29,983
- Gross operating margin +€422,370
up €422,370 (+88.6%), from €476,746 to €899,116
- Taxes +€191,746
up €191,746 (+232%), from €82,482 to €274,229
- Staff costs -€140,542
down €140,542 (-72.5%), from €193,972 to €53,430
- Depreciation -€34,844
down €34,844 (-96.6%), from €36,065 to €1,221
- Financial income +€11,235
up €11,235 (+247%), from €4,550 to €15,784
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 | €604,377 | €1,158,804 | +€554,427 | +91.7% |
| Fixed assets | 21/28 | €3,121 | €2,249 | -€872 | -27.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,121 | €2,249 | -€872 | -27.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,058 | €2,249 | +€191 | +9.3% |
| Other tangible fixed assets | 26 | €1,063 | €0 | -€1,063 | -100% |
| Current assets | 29/58 | €601,256 | €1,156,555 | +€555,299 | +92.4% |
| Amounts receivable within one year | 40/41 | €25,307 | €1,509 | -€23,798 | -94.0% |
| Trade receivables | 40 | €6,615 | €1,509 | -€5,106 | -77.2% |
| Other amounts receivable | 41 | €18,692 | €0 | -€18,692 | -100% |
| Current investments | 50/53 | €503,563 | €1,132,801 | +€629,238 | +125% |
| Cash at bank and in hand | 54/58 | €15,940 | €20,744 | +€4,804 | +30.1% |
| Deferred charges and accrued income | 490/1 | €56,446 | €1,501 | -€54,946 | -97.3% |
| Total equity and liabilities | 10/49 | €604,377 | €1,158,804 | +€554,427 | +91.7% |
| Equity | 10/15 | €484,445 | €1,065,660 | +€581,215 | +120% |
| Contributions | 10/11 | €1,944 | €1,944 | = | 0.0% |
| Reserves | 13 | €482,501 | €1,063,716 | +€581,215 | +120% |
| Distributable reserves | 133 | €482,501 | €1,063,716 | +€581,215 | +120% |
| Amounts payable | 17/49 | €119,932 | €93,144 | -€26,788 | -22.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €118,671 | €92,681 | -€25,990 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €10,527 | €0 | -€10,527 | -100% |
| Trade debts | 44 | €3,277 | €786 | -€2,491 | -76.0% |
| Suppliers | 440/4 | €3,277 | €786 | -€2,491 | -76.0% |
| Advances received on contracts in progress | 46 | €103 | €0 | -€103 | -100% |
| Taxes, remuneration and social security | 45 | €88,131 | €75,621 | -€12,510 | -14.2% |
| Taxes | 450/3 | €58,148 | €75,621 | +€17,473 | +30.0% |
| Remuneration and social security | 454/9 | €29,983 | €0 | -€29,983 | -100% |
| Other amounts payable | 47/48 | €16,633 | €16,274 | -€359 | -2.2% |
| Accrued charges and deferred income | 492/3 | €1,261 | €462 | -€798 | -63.3% |
| Non-recurring operating income | 76A | - | €750,000 | +€750,000 | |
| Remuneration, social security and pensions | 62 | €193,972 | €53,430 | -€140,542 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,065 | €1,221 | -€34,844 | -96.6% |
| Other operating charges | 640/8 | €2,055 | €3,090 | +€1,034 | +50.3% |
| Non-recurring operating charges | 66A | - | €1,309 | +€1,309 | |
| Gross operating margin | 9900 | €476,746 | €899,116 | +€422,370 | +88.6% |
| Operating profit (loss) | 9901 | €244,654 | €840,067 | +€595,413 | +243% |
| Financial income | 75/76B | €4,550 | €15,784 | +€11,235 | +247% |
| Recurring financial income | 75 | €4,550 | €15,784 | +€11,235 | +247% |
| Financial charges | 65/66B | €1,729 | €407 | -€1,322 | -76.5% |
| Recurring financial charges | 65 | €1,729 | €407 | -€1,322 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €247,474 | €855,444 | +€607,970 | +246% |
| Income taxes | 67/77 | €82,482 | €274,229 | +€191,746 | +232% |
| Profit (loss) for the period | 9904 | €164,991 | €581,215 | +€416,224 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €164,991 | €581,215 | +€416,224 | +252% |
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 30 October 2026 via checked.be.