MONTIBO: 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.
MONTIBO
Largest movements
- Cash +€108,394
up €108,394 (+478.4%), from €22,657 to €131,051
mainly Net result for the year (+€76,559) and Receivables within one year (+€16,118)
- Receivables within one year -€16,118
down €16,118 (-50.4%), from €31,964 to €15,846
of which Trade receivables: -€16,263
- Tangible fixed assets -€7,242
down €7,242 (-42.6%), from €16,984 to €9,742
- Reserves +€76,559
up €76,559 (+158.8%), from €48,216 to €124,775
- Tax, wage and social debts +€8,123
up €8,123 (+51.9%), from €15,649 to €23,772
of which Taxes: +€7,832
- Gross operating margin +€37,490
up €37,490 (+54.8%), from €68,365 to €105,856
- Taxes +€8,123
up €8,123 (+61.8%), from €13,154 to €21,277
- Depreciation +€2,500
up €2,500 (+52.7%), from €4,742 to €7,242
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 | €71,605 | €156,639 | +€85,035 | +118.8% |
| Fixed assets | 21/28 | €16,984 | €9,742 | -€7,242 | -42.6% |
| Tangible fixed assets | 22/27 | €16,984 | €9,742 | -€7,242 | -42.6% |
| Furniture and vehicles | 24 | €16,984 | €9,742 | -€7,242 | -42.6% |
| Current assets | 29/58 | €54,621 | €146,897 | +€92,276 | +168.9% |
| Amounts receivable within one year | 40/41 | €31,964 | €15,846 | -€16,118 | -50.4% |
| Trade receivables | 40 | €31,538 | €15,275 | -€16,263 | -51.6% |
| Other amounts receivable | 41 | €426 | €571 | +€145 | +34.1% |
| Cash at bank and in hand | 54/58 | €22,657 | €131,051 | +€108,394 | +478.4% |
| Total equity and liabilities | 10/49 | €71,605 | €156,639 | +€85,035 | +118.8% |
| Equity | 10/15 | €53,216 | €129,775 | +€76,559 | +143.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,216 | €124,775 | +€76,559 | +158.8% |
| Distributable reserves | 133 | €48,216 | €124,775 | +€76,559 | +158.8% |
| Amounts payable | 17/49 | €18,388 | €26,864 | +€8,476 | +46.1% |
| Amounts payable within one year | 42/48 | €18,388 | €26,864 | +€8,476 | +46.1% |
| Trade debts | 44 | €2,739 | €3,091 | +€353 | +12.9% |
| Suppliers | 440/4 | €2,739 | €3,091 | +€353 | +12.9% |
| Taxes, remuneration and social security | 45 | €15,649 | €23,772 | +€8,123 | +51.9% |
| Taxes | 450/3 | €15,649 | €23,482 | +€7,832 | +50.0% |
| Remuneration and social security | 454/9 | - | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,742 | €7,242 | +€2,500 | +52.7% |
| Other operating charges | 640/8 | €1,243 | €723 | -€521 | -41.9% |
| Gross operating margin | 9900 | €68,365 | €105,856 | +€37,490 | +54.8% |
| Operating profit (loss) | 9901 | €62,380 | €97,891 | +€35,511 | +56.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €1,015 | €55 | -€959 | -94.5% |
| Recurring financial charges | 65 | €1,015 | €55 | -€959 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | €61,370 | €97,836 | +€36,466 | +59.4% |
| Income taxes | 67/77 | €13,154 | €21,277 | +€8,123 | +61.8% |
| Profit (loss) for the period | 9904 | €48,216 | €76,559 | +€28,343 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,216 | €76,559 | +€28,343 | +58.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.