MONTGO: 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.
MONTGO
Largest movements
- Receivables within one year +€16,945
up €16,945 (+84.6%), from €20,018 to €36,963
of which Trade receivables: +€17,000
- Tangible fixed assets -€7,519
down €7,519 (-65.5%), from €11,476 to €3,957
of which Leasing and similar rights: -€6,945
- Other debts +€36,145
up €36,145 (+99.5%), from €36,339 to €72,485
- Debts after one year -€33,635
down €33,635 (-13.2%), from €254,757 to €221,122
of which Financial debts: -€33,635
- Tax, wage and social debts +€9,046
up €9,046 (+129%), from €7,004 to €16,051
of which Taxes: +€7,046
- Financial income -€20,128
down €20,128 (-100.0%), from €20,128 to €0
- Gross operating margin +€19,359
up €19,359 (+32.7%), from €59,248 to €78,607
- Taxes +€4,981
up €4,981 (+44.3%), from €11,251 to €16,232
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 | €416,392 | €426,052 | +€9,660 | +2.3% |
| Fixed assets | 21/28 | €332,976 | €325,457 | -€7,519 | -2.3% |
| Tangible fixed assets | 22/27 | €11,476 | €3,957 | -€7,519 | -65.5% |
| Furniture and vehicles | 24 | €2,439 | €1,864 | -€575 | -23.6% |
| Leasing and similar rights | 25 | €9,037 | €2,093 | -€6,945 | -76.8% |
| Financial fixed assets | 28 | €321,500 | €321,500 | = | 0.0% |
| Current assets | 29/58 | €83,416 | €100,595 | +€17,179 | +20.6% |
| Amounts receivable within one year | 40/41 | €20,018 | €36,963 | +€16,945 | +84.6% |
| Trade receivables | 40 | - | €17,000 | +€17,000 | |
| Other amounts receivable | 41 | €20,018 | €19,963 | -€55 | -0.3% |
| Cash at bank and in hand | 54/58 | €62,978 | €62,861 | -€117 | -0.2% |
| Deferred charges and accrued income | 490/1 | €420 | €772 | +€352 | +83.7% |
| Total equity and liabilities | 10/49 | €416,392 | €426,052 | +€9,660 | +2.3% |
| Equity | 10/15 | €77,000 | €77,208 | +€207 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,000 | €72,208 | +€207 | +0.3% |
| Distributable reserves | 133 | €72,000 | €72,208 | +€207 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €339,392 | €348,845 | +€9,453 | +2.8% |
| Amounts payable after more than one year | 17 | €254,757 | €221,122 | -€33,635 | -13.2% |
| Financial debts | 170/4 | €192,257 | €158,622 | -€33,635 | -17.5% |
| Other amounts payable | 178/9 | €62,500 | €62,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,619 | €124,722 | +€44,104 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €36,047 | €33,635 | -€2,411 | -6.7% |
| Trade debts | 44 | €1,229 | €2,552 | +€1,323 | +108% |
| Suppliers | 440/4 | €1,229 | €2,552 | +€1,323 | +108% |
| Taxes, remuneration and social security | 45 | €7,004 | €16,051 | +€9,046 | +129% |
| Taxes | 450/3 | €7,004 | €14,051 | +€7,046 | +101% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €36,339 | €72,485 | +€36,145 | +99.5% |
| Accrued charges and deferred income | 492/3 | €4,016 | €3,000 | -€1,016 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,379 | €7,519 | +€140 | +1.9% |
| Other operating charges | 640/8 | €1,665 | €1,273 | -€392 | -23.5% |
| Gross operating margin | 9900 | €59,248 | €78,607 | +€19,359 | +32.7% |
| Operating profit (loss) | 9901 | €50,203 | €69,815 | +€19,612 | +39.1% |
| Financial income | 75/76B | €20,128 | €0 | -€20,128 | -100.0% |
| Recurring financial income | 75 | €20,128 | €0 | -€20,128 | -100.0% |
| Financial charges | 65/66B | €13,080 | €13,376 | +€295 | +2.3% |
| Recurring financial charges | 65 | €13,080 | €13,376 | +€295 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €57,251 | €56,439 | -€812 | -1.4% |
| Income taxes | 67/77 | €11,251 | €16,232 | +€4,981 | +44.3% |
| Profit (loss) for the period | 9904 | €46,000 | €40,207 | -€5,793 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,000 | €40,207 | -€5,793 | -12.6% |
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 19 October 2026 via checked.be.