MONTGOMERY CONSULT: 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.
MONTGOMERY CONSULT
Largest movements
- Cash -€27,129
down €27,129 (-47.0%), from €57,728 to €30,599
mainly Net result for the year (-€18,660) and Provisions (-€14,707)
- Profit (loss) carried forward -€18,660
down €18,660 (-2.7%), from €693,856 to €675,196
- Other debts +€14,720
up €14,720 (+160.8%), from €9,153 to €23,873
- Provisions -€14,707
down €14,707 (-10.6%), from €138,392 to €123,684
- Gross operating margin +€146,254
up €146,254 (+82.3%), from -€177,701 to -€31,446
- Provisions +€94,997
up €94,997 (+86.6%), from -€109,704 to -€14,707
- Financial charges -€2,074
down €2,074 (-53.6%), from €3,868 to €1,795
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.
Cash bridge derived
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 | €996,149 | €967,620 | -€28,529 | -2.9% |
| Fixed assets | 21/28 | €843,145 | €842,945 | -€200 | 0.0% |
| Tangible fixed assets | 22/27 | €843,024 | €842,824 | -€200 | 0.0% |
| Other tangible fixed assets | 26 | €843,024 | €842,824 | -€200 | 0.0% |
| Financial fixed assets | 28 | €121 | €121 | = | 0.0% |
| Current assets | 29/58 | €153,004 | €124,675 | -€28,329 | -18.5% |
| Amounts receivable within one year | 40/41 | €52,357 | €51,872 | -€485 | -0.9% |
| Trade receivables | 40 | €8,840 | €8,840 | = | 0.0% |
| Other amounts receivable | 41 | €43,517 | €43,032 | -€485 | -1.1% |
| Current investments | 50/53 | €42,204 | €42,204 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,728 | €30,599 | -€27,129 | -47.0% |
| Deferred charges and accrued income | 490/1 | €714 | - | -€714 | |
| Total equity and liabilities | 10/49 | €996,149 | €967,620 | -€28,529 | -2.9% |
| Equity | 10/15 | €815,064 | €796,404 | -€18,660 | -2.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €59,708 | €59,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €53,558 | €53,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | €693,856 | €675,196 | -€18,660 | -2.7% |
| Provisions and deferred taxes | 16 | €138,392 | €123,684 | -€14,707 | -10.6% |
| Provisions for liabilities and charges | 160/5 | €138,392 | €123,684 | -€14,707 | -10.6% |
| Pensions and similar obligations | 160 | €85,325 | €85,325 | = | 0.0% |
| Environmental obligations | 163 | €53,067 | €38,360 | -€14,707 | -27.7% |
| Amounts payable | 17/49 | €42,693 | €47,531 | +€4,838 | +11.3% |
| Amounts payable within one year | 42/48 | €42,693 | €47,531 | +€4,838 | +11.3% |
| Financial debts | 43 | €21,278 | €20,994 | -€284 | -1.3% |
| Credit institutions | 430/8 | €21,278 | €20,994 | -€284 | -1.3% |
| Trade debts | 44 | €12,263 | €2,664 | -€9,598 | -78.3% |
| Suppliers | 440/4 | €12,263 | €2,664 | -€9,598 | -78.3% |
| Other amounts payable | 47/48 | €9,153 | €23,873 | +€14,720 | +160.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €200 | -€604 | -75.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€109,704 | -€14,707 | +€94,997 | +86.6% |
| Other operating charges | 640/8 | €1,114 | - | -€1,114 | |
| Gross operating margin | 9900 | -€177,701 | -€31,446 | +€146,254 | +82.3% |
| Operating profit (loss) | 9901 | -€69,914 | -€16,939 | +€52,975 | +75.8% |
| Financial income | 75/76B | €252 | €238 | -€14 | -5.4% |
| Recurring financial income | 75 | €252 | €238 | -€14 | -5.4% |
| Financial charges | 65/66B | €3,868 | €1,795 | -€2,074 | -53.6% |
| Recurring financial charges | 65 | €3,868 | €1,795 | -€2,074 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | -€73,531 | -€18,496 | +€55,035 | +74.8% |
| Income taxes | 67/77 | €45 | €164 | +€120 | +268.4% |
| Profit (loss) for the period | 9904 | -€73,575 | -€18,660 | +€54,915 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,575 | -€18,660 | +€54,915 | +74.6% |
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 11 October 2026 via checked.be.