MONTGOMERY PARC: 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 PARC
Largest movements
- Tangible fixed assets +€36.5m
up €36.5m (+41.0%), from €89.0m to €125.4m
of which Other tangible fixed assets: +€125.4m
- Receivables after one year +€17.6m
up €17.6m (+367%), from €4.8m to €22.5m
- Receivables within one year +€2.7m
up €2.7m (+688%), from €391,360 to €3.1m
of which Other amounts receivable: +€2.6m
- Deferred charges and accrued income +€1.9m
up €1.9m, from €0 to €1.9m
- Short-term financial debts +€48.8m
up €48.8m (+64.2%), from €76.0m to €124.8m
- Debts after one year +€7.9m
up €7.9m (+62.6%), from €12.6m to €20.5m
of which Other amounts payable: +€7.9m
- Trade debts +€2.3m
up €2.3m (+72.4%), from €3.1m to €5.4m
- Gross operating margin +€1.5m
up €1.5m, from -€77,699 to €1.4m
- Financial charges +€1.3m
up €1.3m (+38,698%), from €3,398 to €1.3m
- Purchases and services -€846,623
down €846,623 (-64.6%), from €1.3m to €464,815
- Depreciation +€670,387
up €670,387 (+152,531%), from €440 to €670,826
- Turnover +€387,317
up €387,317 (+31.4%), from €1.2m to €1.6m
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 | €94,430,728 | €152,888,531 | +€58.5m | +61.9% |
| Formation expenses | 20 | €38 | €0 | -€38 | -100% |
| Fixed assets | 21/28 | €88,992,886 | €125,444,386 | +€36.5m | +41.0% |
| Tangible fixed assets | 22/27 | €88,992,886 | €125,444,386 | +€36.5m | +41.0% |
| Other tangible fixed assets | 26 | - | €125,403,511 | +€125.4m | |
| Assets under construction and advance payments | 27 | €88,992,886 | €40,875 | -€89.0m | -100.0% |
| Current assets | 29/58 | €5,437,803 | €27,444,145 | +€22.0m | +405% |
| Amounts receivable after more than one year | 29 | €4,809,522 | €22,454,290 | +€17.6m | +367% |
| Other amounts receivable | 291 | €4,809,522 | €22,454,290 | +€17.6m | +367% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €391,360 | €3,084,714 | +€2.7m | +688% |
| Trade receivables | 40 | €195,338 | €257,333 | +€61,995 | +31.7% |
| Other amounts receivable | 41 | €196,023 | €2,827,382 | +€2.6m | +1,342% |
| Cash at bank and in hand | 54/58 | €236,920 | €774 | -€236,146 | -99.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,904,367 | +€1.9m | |
| Total equity and liabilities | 10/49 | €94,430,728 | €152,888,531 | +€58.5m | +61.9% |
| Equity | 10/15 | €2,698,115 | €2,199,535 | -€498,580 | -18.5% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,885 | -€800,465 | -€498,580 | -165% |
| Amounts payable | 17/49 | €91,732,613 | €150,688,997 | +€59.0m | +64.3% |
| Amounts payable after more than one year | 17 | €12,600,273 | €20,488,100 | +€7.9m | +62.6% |
| Financial debts | 170/4 | €4,269,159 | €4,269,159 | = | 0.0% |
| Other amounts payable | 178/9 | €8,331,114 | €16,218,941 | +€7.9m | +94.7% |
| Amounts payable within one year | 42/48 | €79,132,340 | €130,200,897 | +€51.1m | +64.5% |
| Financial debts | 43 | €76,000,000 | €124,800,367 | +€48.8m | +64.2% |
| Credit institutions | 430/8 | €76,000,000 | €124,800,367 | +€48.8m | +64.2% |
| Trade debts | 44 | €3,132,340 | €5,400,530 | +€2.3m | +72.4% |
| Suppliers | 440/4 | €3,132,340 | €5,400,530 | +€2.3m | +72.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €0 | -€0 | -100% |
| Taxes | 450/3 | €0 | €0 | -€0 | -100% |
| Turnover | 70 | €1,233,739 | €1,621,056 | +€387,317 | +31.4% |
| Non-recurring operating income | 76A | - | €16,350 | +€16,350 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,311,438 | €464,815 | -€846,623 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €670,826 | +€670,387 | +152,531% |
| Other operating charges | 640/8 | €962 | €209,936 | +€208,974 | +21,717% |
| Gross operating margin | 9900 | -€77,699 | €1,402,525 | +€1.5m | |
| Operating profit (loss) | 9901 | -€79,100 | €521,762 | +€600,863 | |
| Financial income | 75/76B | €19,043 | €297,815 | +€278,772 | +1,464% |
| Recurring financial income | 75 | €19,043 | €297,815 | +€278,772 | +1,464% |
| Financial charges | 65/66B | €3,398 | €1,318,157 | +€1.3m | +38,698% |
| Recurring financial charges | 65 | €3,398 | €1,318,157 | +€1.3m | +38,698% |
| Profit (loss) for the period before taxes | 9903 | -€63,455 | -€498,580 | -€435,126 | -686% |
| Profit (loss) for the period | 9904 | -€63,455 | -€498,580 | -€435,126 | -686% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,455 | -€498,580 | -€435,126 | -686% |
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 29 October 2026 via checked.be.