MONTINDU: 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.
What changed
MONTINDU
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€735,481
2024 · €708,967+€26,514
Equity
€16.4m
2024 · €16.0m+€385,481
Cash
€3.0m
2024 · €1.9m+€1.1m
Balance sheet total
€22.2m
2024 · €21.9m+€255,348
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+57.5%), from €1.9m to €3.0m
mainly Depreciation (+€828,244) and Net result for the year (+€735,481)
- Tangible fixed assets -€828,244
down €828,244 (-4.1%), from €20.0m to €19.2m
Equity and liabilities
- Debts after one year -€387,665
down €387,665 (-7.6%), from €5.1m to €4.7m
- Profit (loss) carried forward +€348,699
up €348,699 (+25.7%), from €1.4m to €1.7m
Income statement
- Services and other goods +€141,147
up €141,147 (+11.5%), from €1.2m to €1.4m
- Other operating income +€98,155
up €98,155 (+6.3%), from €1.6m to €1.7m
- Turnover +€68,121
up €68,121 (+3.3%), from €2.1m to €2.1m
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.
Result 2024
€708,967
Turnover
+€68,121
Other operating income
+€98,155
Services and other goods
-€141,147
Depreciation
+€2,269
Other operating charges
-€8,809
Financial charges
+€15,495
Taxes
-€7,571
Result 2025
€735,481
raises the resultlowers the result
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.
From operations
+€1.8m
Investment
€0
Financing
-€721,341
Cash 2024
€1.9m
From operations (derived)
+€1.8m
Net result for the year
+€735,481
Depreciation
+€828,244
Receivables within one year
-€5,739
Trade debts
+€62,111
Tax, wage and social debts
+€13,969
Other debts
+€50,000
Accrued charges and deferred income
+€115,127
Financing
-€721,341
Debts after one year
-€387,665
Current portion of long-term debt
+€16,325
Contributions, distributions and other
-€350,000
Cash 2025
€3.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,897,646 | €22,152,995 | +€255,348 | +1.2% |
| Fixed assets | 21/28 | €20,021,660 | €19,193,415 | -€828,244 | -4.1% |
| Tangible fixed assets | 22/27 | €20,021,660 | €19,193,415 | -€828,244 | -4.1% |
| Land and buildings | 22 | €20,021,660 | €19,193,415 | -€828,244 | -4.1% |
| Current assets | 29/58 | €1,875,987 | €2,959,580 | +€1.1m | +57.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,856 | €7,595 | +€5,739 | +309% |
| Trade receivables | 40 | €1,856 | €95 | -€1,761 | -94.9% |
| Other amounts receivable | 41 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €1,874,131 | €2,951,985 | +€1.1m | +57.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €21,897,646 | €22,152,995 | +€255,348 | +1.2% |
| Equity | 10/15 | €16,017,479 | €16,402,960 | +€385,481 | +2.4% |
| Contributions | 10/11 | €14,500,000 | €14,500,000 | = | 0.0% |
| Capital | 10 | €14,500,000 | €14,500,000 | = | 0.0% |
| Issued capital | 100 | €14,500,000 | €14,500,000 | = | 0.0% |
| Reserves | 13 | €158,374 | €195,156 | +€36,782 | +23.2% |
| Non-distributable reserves | 130/1 | €158,374 | €195,156 | +€36,782 | +23.2% |
| Legal reserve | 130 | €158,374 | €195,156 | +€36,782 | +23.2% |
| Profit (loss) carried forward | 14 | €1,359,105 | €1,707,804 | +€348,699 | +25.7% |
| Amounts payable | 17/49 | €5,880,168 | €5,750,035 | -€130,133 | -2.2% |
| Amounts payable after more than one year | 17 | €5,102,859 | €4,715,194 | -€387,665 | -7.6% |
| Financial debts | 170/4 | €5,102,859 | €4,715,194 | -€387,665 | -7.6% |
| Credit institutions | 173 | €5,102,859 | €4,715,194 | -€387,665 | -7.6% |
| Amounts payable within one year | 42/48 | €767,450 | €909,856 | +€142,405 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €371,341 | €387,665 | +€16,325 | +4.4% |
| Trade debts | 44 | €9,777 | €71,888 | +€62,111 | +635% |
| Suppliers | 440/4 | €9,777 | €71,888 | +€62,111 | +635% |
| Taxes, remuneration and social security | 45 | €86,333 | €100,303 | +€13,969 | +16.2% |
| Taxes | 450/3 | €86,333 | €100,303 | +€13,969 | +16.2% |
| Other amounts payable | 47/48 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Accrued charges and deferred income | 492/3 | €9,858 | €124,985 | +€115,127 | +1,168% |
| Operating income | 70/76A | €3,620,436 | €3,786,712 | +€166,276 | +4.6% |
| Turnover | 70 | €2,052,771 | €2,120,891 | +€68,121 | +3.3% |
| Other operating income | 74 | €1,567,666 | €1,665,821 | +€98,155 | +6.3% |
| Operating charges | 60/66A | €2,411,919 | €2,559,606 | +€147,686 | +6.1% |
| Services and other goods | 61 | €1,225,935 | €1,367,081 | +€141,147 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830,513 | €828,244 | -€2,269 | -0.3% |
| Other operating charges | 640/8 | €355,471 | €364,280 | +€8,809 | +2.5% |
| Operating profit (loss) | 9901 | €1,208,517 | €1,227,107 | +€18,589 | +1.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €244,518 | €229,022 | -€15,495 | -6.3% |
| Recurring financial charges | 65 | €244,518 | €229,022 | -€15,495 | -6.3% |
| Debt charges | 650 | €243,692 | €228,222 | -€15,471 | -6.3% |
| Other financial charges | 652/9 | €825 | €800 | -€25 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €964,000 | €998,084 | +€34,085 | +3.5% |
| Income taxes | 67/77 | €255,033 | €262,603 | +€7,571 | +3.0% |
| Taxes | 670/3 | €255,033 | €262,603 | +€7,571 | +3.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €708,967 | €735,481 | +€26,514 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €708,967 | €735,481 | +€26,514 | +3.7% |
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 15 October 2026 via checked.be.