Monteyne - Raes: 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 - Raes
Largest movements
- Tangible fixed assets +€92,959
up €92,959 (+13.1%), from €711,177 to €804,135
of which Land and buildings: +€91,183
- Cash +€38,912
up €38,912 (+54.4%), from €71,478 to €110,390
mainly Net result for the year (+€107,023) and Debts after one year (+€47,301)
- Receivables within one year -€29,349
down €29,349 (-98.3%), from €29,844 to €495
of which Other amounts receivable: -€29,844
- Debts after one year +€47,301
up €47,301 (+8.6%), from €549,193 to €596,494
- Reserves +€37,023
up €37,023 (+20.1%), from €184,288 to €221,312
- Tax, wage and social debts +€18,074
up €18,074 (+205%), from €8,828 to €26,903
- Gross operating margin +€46,903
up €46,903 (+32.9%), from €142,743 to €189,646
- Taxes +€12,574
up €12,574 (+52.8%), from €23,828 to €36,403
- Depreciation +€6,077
up €6,077 (+23.0%), from €26,386 to €32,464
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 | €815,267 | €920,043 | +€104,776 | +12.9% |
| Fixed assets | 21/28 | €711,427 | €804,385 | +€92,959 | +13.1% |
| Tangible fixed assets | 22/27 | €711,177 | €804,135 | +€92,959 | +13.1% |
| Land and buildings | 22 | €687,383 | €778,566 | +€91,183 | +13.3% |
| Plant, machinery and equipment | 23 | €16,553 | €22,531 | +€5,978 | +36.1% |
| Furniture and vehicles | 24 | €7,241 | €3,038 | -€4,202 | -58.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €103,840 | €115,657 | +€11,817 | +11.4% |
| Amounts receivable within one year | 40/41 | €29,844 | €495 | -€29,349 | -98.3% |
| Trade receivables | 40 | - | €495 | +€495 | |
| Other amounts receivable | 41 | €29,844 | - | -€29,844 | |
| Cash at bank and in hand | 54/58 | €71,478 | €110,390 | +€38,912 | +54.4% |
| Deferred charges and accrued income | 490/1 | €2,519 | €4,772 | +€2,254 | +89.5% |
| Total equity and liabilities | 10/49 | €815,267 | €920,043 | +€104,776 | +12.9% |
| Equity | 10/15 | €186,288 | €223,312 | +€37,023 | +19.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €184,288 | €221,312 | +€37,023 | +20.1% |
| Distributable reserves | 133 | €184,288 | €221,312 | +€37,023 | +20.1% |
| Amounts payable | 17/49 | €628,978 | €696,731 | +€67,753 | +10.8% |
| Amounts payable after more than one year | 17 | €549,193 | €596,494 | +€47,301 | +8.6% |
| Financial debts | 170/4 | €549,193 | €596,494 | +€47,301 | +8.6% |
| Amounts payable within one year | 42/48 | €79,785 | €100,237 | +€20,452 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €68,232 | €66,302 | -€1,931 | -2.8% |
| Trade debts | 44 | €2,724 | €6,300 | +€3,577 | +131% |
| Suppliers | 440/4 | €2,724 | €6,300 | +€3,577 | +131% |
| Taxes, remuneration and social security | 45 | €8,828 | €26,903 | +€18,074 | +205% |
| Taxes | 450/3 | €8,828 | €26,903 | +€18,074 | +205% |
| Other amounts payable | 47/48 | - | €732 | +€732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,386 | €32,464 | +€6,077 | +23.0% |
| Other operating charges | 640/8 | €3,149 | €3,277 | +€128 | +4.1% |
| Gross operating margin | 9900 | €142,743 | €189,646 | +€46,903 | +32.9% |
| Operating profit (loss) | 9901 | €113,208 | €153,905 | +€40,697 | +35.9% |
| Financial income | 75/76B | €1,207 | €0 | -€1,207 | -100.0% |
| Recurring financial income | 75 | €1,207 | €0 | -€1,207 | -100.0% |
| Financial charges | 65/66B | €10,345 | €10,479 | +€135 | +1.3% |
| Recurring financial charges | 65 | €10,345 | €10,479 | +€135 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €104,071 | €143,426 | +€39,355 | +37.8% |
| Income taxes | 67/77 | €23,828 | €36,403 | +€12,574 | +52.8% |
| Profit (loss) for the period | 9904 | €80,242 | €107,023 | +€26,781 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,242 | €107,023 | +€26,781 | +33.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.