Montisoro: 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.
Montisoro
Largest movements
- Cash +€121,227
up €121,227 (+112%), from €108,097 to €229,324
mainly Net result for the year (+€61,892) and Depreciation (+€54,400)
- Intangible fixed assets -€51,332
down €51,332 (-24.6%), from €208,418 to €157,086
- Receivables within one year +€33,086
up €33,086 (+30.1%), from €109,800 to €142,885
of which Trade receivables: +€30,902
- Deferred charges and accrued income -€6,594
down €6,594 (-66.9%), from €9,853 to €3,260
- Reserves +€61,892
up €61,892 (+16.9%), from €367,097 to €428,988
- Tax, wage and social debts +€17,199
up €17,199 (+76.3%), from €22,547 to €39,746
of which Remuneration and social security: +€11,160
- Short-term financial debts +€14,793
up €14,793 (+127,969%), from €12 to €14,805
- Staff costs +€50,677
up €50,677 (+60.5%), from €83,824 to €134,501
- Gross operating margin +€45,246
up €45,246 (+22.0%), from €205,671 to €250,917
- Financial income +€27,149
up €27,149 (+2,291%), from €1,185 to €28,334
- Taxes +€9,207
up €9,207 (+57.2%), from €16,108 to €25,315
- Depreciation +€7,788
up €7,788 (+16.7%), from €46,613 to €54,400
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 | €444,399 | €540,234 | +€95,835 | +21.6% |
| Fixed assets | 21/28 | €216,649 | €164,765 | -€51,884 | -23.9% |
| Intangible fixed assets | 21 | €208,418 | €157,086 | -€51,332 | -24.6% |
| Tangible fixed assets | 22/27 | €8,231 | €7,679 | -€552 | -6.7% |
| Plant, machinery and equipment | 23 | €1,928 | €2,970 | +€1,042 | +54.0% |
| Furniture and vehicles | 24 | €5,068 | €3,970 | -€1,099 | -21.7% |
| Other tangible fixed assets | 26 | €1,234 | €739 | -€495 | -40.1% |
| Current assets | 29/58 | €227,750 | €375,469 | +€147,719 | +64.9% |
| Amounts receivable within one year | 40/41 | €109,800 | €142,885 | +€33,086 | +30.1% |
| Trade receivables | 40 | €106,632 | €137,534 | +€30,902 | +29.0% |
| Other amounts receivable | 41 | €3,168 | €5,351 | +€2,183 | +68.9% |
| Cash at bank and in hand | 54/58 | €108,097 | €229,324 | +€121,227 | +112% |
| Deferred charges and accrued income | 490/1 | €9,853 | €3,260 | -€6,594 | -66.9% |
| Total equity and liabilities | 10/49 | €444,399 | €540,234 | +€95,835 | +21.6% |
| Equity | 10/15 | €370,597 | €432,488 | +€61,892 | +16.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €367,097 | €428,988 | +€61,892 | +16.9% |
| Distributable reserves | 133 | €367,097 | €428,988 | +€61,892 | +16.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €73,802 | €107,746 | +€33,944 | +46.0% |
| Amounts payable within one year | 42/48 | €73,802 | €107,746 | +€33,944 | +46.0% |
| Financial debts | 43 | €12 | €14,805 | +€14,793 | +127,969% |
| Credit institutions | 430/8 | €12 | €14,805 | +€14,793 | +127,969% |
| Trade debts | 44 | €49,824 | €51,395 | +€1,570 | +3.2% |
| Suppliers | 440/4 | €49,824 | €51,395 | +€1,570 | +3.2% |
| Taxes, remuneration and social security | 45 | €22,547 | €39,746 | +€17,199 | +76.3% |
| Taxes | 450/3 | €15,765 | €21,804 | +€6,038 | +38.3% |
| Remuneration and social security | 454/9 | €6,782 | €17,942 | +€11,160 | +165% |
| Other amounts payable | 47/48 | €1,419 | €1,800 | +€381 | +26.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €83,824 | €134,501 | +€50,677 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,613 | €54,400 | +€7,788 | +16.7% |
| Other operating charges | 640/8 | €608 | €632 | +€24 | +4.0% |
| Non-recurring operating charges | 66A | €593 | €0 | -€593 | -100% |
| Gross operating margin | 9900 | €205,671 | €250,917 | +€45,246 | +22.0% |
| Operating profit (loss) | 9901 | €74,033 | €61,384 | -€12,650 | -17.1% |
| Financial income | 75/76B | €1,185 | €28,334 | +€27,149 | +2,291% |
| Recurring financial income | 75 | €1,185 | €28,334 | +€27,149 | +2,291% |
| Financial charges | 65/66B | €2,506 | €2,511 | +€5 | +0.2% |
| Recurring financial charges | 65 | €2,506 | €2,511 | +€5 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €72,712 | €87,206 | +€14,494 | +19.9% |
| Income taxes | 67/77 | €16,108 | €25,315 | +€9,207 | +57.2% |
| Profit (loss) for the period | 9904 | €56,605 | €61,892 | +€5,287 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,605 | €61,892 | +€5,287 | +9.3% |
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 26 October 2026 via checked.be.