MONTGOMERY: 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.
MONTGOMERY
Largest movements
- Cash +€36,225
up €36,225 (+91.0%), from €39,791 to €76,016
mainly Other debts (+€52,062) and Stocks and contracts (+€15,106)
- Stocks and contracts -€15,106
down €15,106 (-9.0%), from €167,722 to €152,616
- Tangible fixed assets -€4,573
down €4,573 (-31.7%), from €14,419 to €9,846
of which Furniture and vehicles: -€4,428
- Other debts +€52,062
up €52,062 (+51.1%), from €101,870 to €153,932
- Trade debts -€44,243
down €44,243 (-81.2%), from €54,483 to €10,240
- Tax, wage and social debts +€11,495
up €11,495 (+67.9%), from €16,938 to €28,433
- Debts after one year -€6,432
down €6,432 (-10.1%), from €63,864 to €57,432
- Profit (loss) carried forward +€6,221
up €6,221 (+33.1%), from €18,775 to €24,996
- Turnover -€77,798
down €77,798 (-28.6%), from €271,626 to €193,828
- Purchases and services -€73,584
down €73,584 (-33.1%), from €222,289 to €148,705
- Gross operating margin -€4,214
down €4,214 (-8.5%), from €49,337 to €45,123
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,480 | €293,582 | +€19,102 | +7.0% |
| Fixed assets | 21/28 | €14,419 | €9,846 | -€4,573 | -31.7% |
| Tangible fixed assets | 22/27 | €14,419 | €9,846 | -€4,573 | -31.7% |
| Plant, machinery and equipment | 23 | €725 | €580 | -€145 | -20.0% |
| Furniture and vehicles | 24 | €13,694 | €9,266 | -€4,428 | -32.3% |
| Current assets | 29/58 | €260,061 | €283,737 | +€23,676 | +9.1% |
| Stocks and contracts in progress | 3 | €167,722 | €152,616 | -€15,106 | -9.0% |
| Stocks | 30/36 | €167,722 | €152,616 | -€15,106 | -9.0% |
| Amounts receivable within one year | 40/41 | €52,548 | €55,104 | +€2,556 | +4.9% |
| Trade receivables | 40 | €52,548 | €55,104 | +€2,556 | +4.9% |
| Cash at bank and in hand | 54/58 | €39,791 | €76,016 | +€36,225 | +91.0% |
| Total equity and liabilities | 10/49 | €274,480 | €293,582 | +€19,102 | +7.0% |
| Equity | 10/15 | €37,325 | €43,546 | +€6,221 | +16.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,775 | €24,996 | +€6,221 | +33.1% |
| Amounts payable | 17/49 | €237,155 | €250,036 | +€12,882 | +5.4% |
| Amounts payable after more than one year | 17 | €63,864 | €57,432 | -€6,432 | -10.1% |
| Financial debts | 170/4 | €63,864 | €57,432 | -€6,432 | -10.1% |
| Amounts payable within one year | 42/48 | €173,291 | €192,604 | +€19,314 | +11.1% |
| Trade debts | 44 | €54,483 | €10,240 | -€44,243 | -81.2% |
| Suppliers | 440/4 | €54,483 | €10,240 | -€44,243 | -81.2% |
| Taxes, remuneration and social security | 45 | €16,938 | €28,433 | +€11,495 | +67.9% |
| Taxes | 450/3 | €16,938 | €28,433 | +€11,495 | +67.9% |
| Other amounts payable | 47/48 | €101,870 | €153,932 | +€52,062 | +51.1% |
| Turnover | 70 | €271,626 | €193,828 | -€77,798 | -28.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €222,289 | €148,705 | -€73,584 | -33.1% |
| Remuneration, social security and pensions | 62 | €31,250 | €32,091 | +€841 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,829 | €4,573 | -€256 | -5.3% |
| Other operating charges | 640/8 | €1,522 | €287 | -€1,235 | -81.2% |
| Gross operating margin | 9900 | €49,337 | €45,123 | -€4,214 | -8.5% |
| Operating profit (loss) | 9901 | €11,736 | €8,172 | -€3,564 | -30.4% |
| Financial charges | 65/66B | €271 | €189 | -€82 | -30.3% |
| Recurring financial charges | 65 | €271 | €189 | -€82 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €11,465 | €7,983 | -€3,482 | -30.4% |
| Income taxes | 67/77 | €2,636 | €1,763 | -€874 | -33.1% |
| Profit (loss) for the period | 9904 | €8,829 | €6,221 | -€2,608 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,829 | €6,221 | -€2,608 | -29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.