MONTIRIS: 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.
MONTIRIS
Largest movements
- Cash -€57,176
down €57,176 (-30.6%), from €186,773 to €129,597
mainly Other debts (-€136,470) and Debts after one year (-€50,964)
- Tangible fixed assets -€48,369
down €48,369 (-4.5%), from €1.1m to €1.0m
- Receivables within one year -€15,100
down €15,100 (-100.0%), from €15,100 to €0
- Other debts -€136,470
down €136,470 (-27.6%), from €494,255 to €357,785
- Reserves +€61,144
up €61,144 (+29.1%), from €209,857 to €271,001
- Debts after one year -€50,964
down €50,964 (-10.2%), from €500,656 to €449,692
- Gross operating margin +€29,366
up €29,366 (+24.6%), from €119,286 to €148,652
- Financial charges -€9,027
down €9,027 (-33.9%), from €26,601 to €17,573
- Taxes +€7,570
up €7,570 (+58.0%), from €13,055 to €20,625
- Financial income -€3,905
down €3,905 (-91.9%), from €4,248 to €343
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 | €1,271,292 | €1,150,647 | -€120,645 | -9.5% |
| Fixed assets | 21/28 | €1,069,419 | €1,021,050 | -€48,369 | -4.5% |
| Tangible fixed assets | 22/27 | €1,069,419 | €1,021,050 | -€48,369 | -4.5% |
| Land and buildings | 22 | €1,069,419 | €1,021,050 | -€48,369 | -4.5% |
| Current assets | 29/58 | €201,873 | €129,597 | -€72,276 | -35.8% |
| Amounts receivable within one year | 40/41 | €15,100 | €0 | -€15,100 | -100.0% |
| Trade receivables | 40 | €15,100 | €0 | -€15,100 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €186,773 | €129,597 | -€57,176 | -30.6% |
| Total equity and liabilities | 10/49 | €1,271,292 | €1,150,647 | -€120,645 | -9.5% |
| Equity | 10/15 | €228,457 | €289,601 | +€61,144 | +26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,857 | €271,001 | +€61,144 | +29.1% |
| Distributable reserves | 133 | €209,857 | €271,001 | +€61,144 | +29.1% |
| Amounts payable | 17/49 | €1,042,835 | €861,046 | -€181,789 | -17.4% |
| Amounts payable after more than one year | 17 | €500,656 | €449,692 | -€50,964 | -10.2% |
| Financial debts | 170/4 | €500,656 | €449,692 | -€50,964 | -10.2% |
| Amounts payable within one year | 42/48 | €542,179 | €411,354 | -€130,826 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €43,495 | €48,246 | +€4,752 | +10.9% |
| Trade debts | 44 | €1,430 | €30 | -€1,400 | -97.9% |
| Suppliers | 440/4 | €1,430 | €30 | -€1,400 | -97.9% |
| Taxes, remuneration and social security | 45 | €3,000 | €5,293 | +€2,293 | +76.4% |
| Taxes | 450/3 | €3,000 | €5,293 | +€2,293 | +76.4% |
| Other amounts payable | 47/48 | €494,255 | €357,785 | -€136,470 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,369 | €48,369 | = | 0.0% |
| Other operating charges | 640/8 | €1,270 | €1,283 | +€14 | +1.1% |
| Gross operating margin | 9900 | €119,286 | €148,652 | +€29,366 | +24.6% |
| Operating profit (loss) | 9901 | €69,647 | €99,000 | +€29,352 | +42.1% |
| Financial income | 75/76B | €4,248 | €343 | -€3,905 | -91.9% |
| Recurring financial income | 75 | €4,248 | €343 | -€3,905 | -91.9% |
| Financial charges | 65/66B | €26,601 | €17,573 | -€9,027 | -33.9% |
| Recurring financial charges | 65 | €26,601 | €17,573 | -€9,027 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €47,294 | €81,769 | +€34,475 | +72.9% |
| Income taxes | 67/77 | €13,055 | €20,625 | +€7,570 | +58.0% |
| Profit (loss) for the period | 9904 | €34,239 | €61,144 | +€26,905 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,239 | €61,144 | +€26,905 | +78.6% |
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.