MONTIGNY: 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.
MONTIGNY
Largest movements
- Stocks and contracts +€17,000
up €17,000 (+281%), from €6,050 to €23,050
- Tangible fixed assets -€10,285
down €10,285 (-32.6%), from €31,539 to €21,254
of which Furniture and vehicles: -€5,204
- Cash +€6,120
new in 2025: €6,120
mainly Trade debts (+€22,021) and Depreciation (+€11,231)
- Receivables within one year -€3,845
down €3,845 (-10.7%), from €35,981 to €32,136
of which Trade receivables: -€9,833
- Trade debts +€22,021
up €22,021 (+89.9%), from €24,487 to €46,508
- Debts after one year -€11,618
down €11,618 (-31.1%), from €37,373 to €25,755
- Short-term financial debts -€2,594
no longer reported in 2025 (was €2,594)
- Profit (loss) carried forward +€946
up €946 (+15.1%), from -€6,279 to -€5,333
- Gross operating margin -€8,325
down €8,325 (-35.4%), from €23,511 to €15,187
- Financial charges +€1,243
up €1,243 (+80.3%), from €1,548 to €2,791
- Depreciation +€303
up €303 (+2.8%), from €10,928 to €11,231
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 | €77,741 | €86,861 | +€9,120 | +11.7% |
| Fixed assets | 21/28 | €35,440 | €25,155 | -€10,285 | -29.0% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -12.5% |
| Tangible fixed assets | 22/27 | €31,539 | €21,254 | -€10,285 | -32.6% |
| Plant, machinery and equipment | 23 | €15,724 | €10,642 | -€5,081 | -32.3% |
| Furniture and vehicles | 24 | €15,815 | €10,612 | -€5,204 | -32.9% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €42,301 | €61,706 | +€19,405 | +45.9% |
| Stocks and contracts in progress | 3 | €6,050 | €23,050 | +€17,000 | +281% |
| Stocks | 30/36 | €6,050 | €23,050 | +€17,000 | +281% |
| Amounts receivable within one year | 40/41 | €35,981 | €32,136 | -€3,845 | -10.7% |
| Trade receivables | 40 | €31,197 | €21,364 | -€9,833 | -31.5% |
| Other amounts receivable | 41 | €4,784 | €10,772 | +€5,989 | +125% |
| Cash at bank and in hand | 54/58 | - | €6,120 | +€6,120 | |
| Deferred charges and accrued income | 490/1 | €271 | €400 | +€129 | +47.8% |
| Total equity and liabilities | 10/49 | €77,741 | €86,861 | +€9,120 | +11.7% |
| Equity | 10/15 | €2,008 | €2,954 | +€946 | +47.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,787 | €5,787 | = | 0.0% |
| Distributable reserves | 133 | €5,787 | €5,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,279 | -€5,333 | +€946 | +15.1% |
| Amounts payable | 17/49 | €75,733 | €83,907 | +€8,174 | +10.8% |
| Amounts payable after more than one year | 17 | €37,373 | €25,755 | -€11,618 | -31.1% |
| Financial debts | 170/4 | €37,373 | €25,755 | -€11,618 | -31.1% |
| Amounts payable within one year | 42/48 | €38,360 | €58,152 | +€19,792 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €11,124 | €11,618 | +€494 | +4.4% |
| Financial debts | 43 | €2,594 | - | -€2,594 | |
| Credit institutions | 430/8 | €2,594 | - | -€2,594 | |
| Trade debts | 44 | €24,487 | €46,508 | +€22,021 | +89.9% |
| Suppliers | 440/4 | €24,487 | €46,508 | +€22,021 | +89.9% |
| Taxes, remuneration and social security | 45 | €154 | €26 | -€128 | -83.1% |
| Taxes | 450/3 | €154 | €26 | -€128 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,928 | €11,231 | +€303 | +2.8% |
| Other operating charges | 640/8 | €105 | €220 | +€115 | +110% |
| Non-recurring operating charges | 66A | €17,087 | - | -€17,087 | |
| Gross operating margin | 9900 | €23,511 | €15,187 | -€8,325 | -35.4% |
| Operating profit (loss) | 9901 | -€4,608 | €3,736 | +€8,344 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,548 | €2,791 | +€1,243 | +80.3% |
| Recurring financial charges | 65 | €1,548 | €2,791 | +€1,243 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,156 | €946 | +€7,102 | |
| Income taxes | 67/77 | €124 | - | -€124 | |
| Profit (loss) for the period | 9904 | -€6,279 | €946 | +€7,225 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,279 | €946 | +€7,225 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.