MONTGERVIS: 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.
MONTGERVIS
Largest movements
- Cash -€439,220
down €439,220 (-47.0%), from €933,888 to €494,668
mainly Current portion of long-term debt (-€563,210) and Investment in fixed assets (net) (-€210,171)
- Intangible fixed assets -€174,673
down €174,673 (-14.3%), from €1.2m to €1.0m
- Tangible fixed assets +€71,626
up €71,626 (+2.2%), from €3.2m to €3.3m
of which Plant, machinery and equipment: +€173,233
- Current portion of long-term debt -€563,210
down €563,210 (-10.9%), from €5.1m to €4.6m
- Gross operating margin +€50,782
up €50,782 (+9.8%), from €519,880 to €570,662
- Taxes -€47,877
no longer reported in 2025 (was €47,877)
- Turnover +€31,919
up €31,919 (+4.0%), from €792,174 to €824,093
- Staff costs +€28,818
up €28,818 (+90.4%), from €31,872 to €60,691
- Financial income -€20,049
down €20,049 (-66.6%), from €30,103 to €10,054
of which Financial income: -€20,049
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 | €5,390,910 | €4,847,738 | -€543,173 | -10.1% |
| Fixed assets | 21/28 | €4,456,087 | €4,353,040 | -€103,046 | -2.3% |
| Intangible fixed assets | 21 | €1,222,709 | €1,048,036 | -€174,673 | -14.3% |
| Tangible fixed assets | 22/27 | €3,233,378 | €3,305,005 | +€71,626 | +2.2% |
| Land and buildings | 22 | €3,106,896 | €3,005,290 | -€101,607 | -3.3% |
| Plant, machinery and equipment | 23 | €126,482 | €299,715 | +€173,233 | +137% |
| Current assets | 29/58 | €934,824 | €494,697 | -€440,126 | -47.1% |
| Amounts receivable within one year | 40/41 | €936 | €30 | -€906 | -96.8% |
| Other amounts receivable | 41 | €936 | €30 | -€906 | -96.8% |
| Cash at bank and in hand | 54/58 | €933,888 | €494,668 | -€439,220 | -47.0% |
| Total equity and liabilities | 10/49 | €5,390,910 | €4,847,738 | -€543,173 | -10.1% |
| Equity | 10/15 | €240,731 | €258,910 | +€18,179 | +7.6% |
| Contributions | 10/11 | €260,288 | €260,288 | = | 0.0% |
| Capital | 10 | €260,288 | €260,288 | = | 0.0% |
| Issued capital | 100 | €260,288 | €260,288 | = | 0.0% |
| Reserves | 13 | €6,474 | €6,867 | +€393 | +6.1% |
| Non-distributable reserves | 130/1 | €6,474 | €6,867 | +€393 | +6.1% |
| Legal reserve | 130 | €6,474 | €6,867 | +€393 | +6.1% |
| Profit (loss) carried forward | 14 | -€26,031 | -€8,245 | +€17,786 | +68.3% |
| Amounts payable | 17/49 | €5,150,179 | €4,588,828 | -€561,351 | -10.9% |
| Amounts payable within one year | 42/48 | €5,150,179 | €4,588,828 | -€561,351 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €5,147,500 | €4,584,290 | -€563,210 | -10.9% |
| Taxes, remuneration and social security | 45 | €2,679 | €4,538 | +€1,859 | +69.4% |
| Taxes | 450/3 | €773 | €1,435 | +€662 | +85.7% |
| Remuneration and social security | 454/9 | €1,907 | €3,103 | +€1,197 | +62.8% |
| Turnover | 70 | €792,174 | €824,093 | +€31,919 | +4.0% |
| Non-recurring operating income | 76A | - | €19,280 | +€19,280 | |
| Goods, raw materials, services and sundry goods | 60/61 | €272,294 | €272,711 | +€417 | +0.2% |
| Remuneration, social security and pensions | 62 | €31,872 | €60,691 | +€28,818 | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,634 | €313,217 | +€5,583 | +1.8% |
| Other operating charges | 640/8 | €168,753 | €185,718 | +€16,965 | +10.1% |
| Gross operating margin | 9900 | €519,880 | €570,662 | +€50,782 | +9.8% |
| Operating profit (loss) | 9901 | €11,620 | €11,036 | -€584 | -5.0% |
| Financial income | 75/76B | €30,103 | €10,054 | -€20,049 | -66.6% |
| Recurring financial income | 75 | €30,103 | €10,054 | -€20,049 | -66.6% |
| Non-recurring financial income | 76B | €30,103 | €10,054 | -€20,049 | -66.6% |
| Financial charges | 65/66B | €495 | €507 | +€12 | +2.5% |
| Recurring financial charges | 65 | €495 | €507 | +€12 | +2.5% |
| Non-recurring financial charges | 66B | €495 | €507 | +€12 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €41,229 | €20,583 | -€20,646 | -50.1% |
| Transfer to deferred taxes | 680 | - | €2,404 | +€2,404 | |
| Income taxes | 67/77 | €47,877 | - | -€47,877 | |
| Profit (loss) for the period | 9904 | -€6,648 | €18,179 | +€24,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,648 | €18,179 | +€24,827 |
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 28 October 2026 via checked.be.