MONTO BLEU: 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.
MONTO BLEU
Largest movements
- Tangible fixed assets -€23,627
down €23,627 (-5.4%), from €434,258 to €410,631
of which Land and buildings: -€12,378
- Profit (loss) carried forward -€34,333
down €34,333 (-72.3%), from -€47,482 to -€81,815
- Other debts +€29,548
up €29,548 (+22.4%), from €131,745 to €161,293
- Debts after one year -€20,085
down €20,085 (-6.1%), from €331,948 to €311,863
- Gross operating margin +€6,906
up €6,906, from -€449 to €6,457
- Other operating charges -€3,084
down €3,084 (-81.6%), from €3,778 to €694
- Depreciation +€2,402
up €2,402 (+11.3%), from €21,225 to €23,627
- Financial charges +€941
up €941 (+6.1%), from €15,539 to €16,479
- Financial income +€162
up €162 (+2,317%), from €7 to €168
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 | €471,721 | €444,455 | -€27,267 | -5.8% |
| Fixed assets | 21/28 | €435,408 | €411,781 | -€23,627 | -5.4% |
| Tangible fixed assets | 22/27 | €434,258 | €410,631 | -€23,627 | -5.4% |
| Land and buildings | 22 | €400,124 | €387,747 | -€12,378 | -3.1% |
| Furniture and vehicles | 24 | €34,134 | €22,884 | -€11,250 | -33.0% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €36,313 | €32,674 | -€3,639 | -10.0% |
| Amounts receivable within one year | 40/41 | €36,184 | €32,644 | -€3,540 | -9.8% |
| Trade receivables | 40 | €35,944 | €32,562 | -€3,381 | -9.4% |
| Other amounts receivable | 41 | €240 | €82 | -€158 | -65.9% |
| Cash at bank and in hand | 54/58 | €68 | €30 | -€38 | -56.3% |
| Deferred charges and accrued income | 490/1 | €61 | €0 | -€61 | -100% |
| Total equity and liabilities | 10/49 | €471,721 | €444,455 | -€27,267 | -5.8% |
| Equity | 10/15 | -€28,882 | -€63,215 | -€34,333 | -119% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,482 | -€81,815 | -€34,333 | -72.3% |
| Amounts payable | 17/49 | €500,603 | €507,669 | +€7,066 | +1.4% |
| Amounts payable after more than one year | 17 | €331,948 | €311,863 | -€20,085 | -6.1% |
| Financial debts | 170/4 | €331,948 | €311,863 | -€20,085 | -6.1% |
| Amounts payable within one year | 42/48 | €168,655 | €195,807 | +€27,151 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €19,970 | €20,085 | +€115 | +0.6% |
| Financial debts | 43 | €8,418 | €7,772 | -€646 | -7.7% |
| Credit institutions | 430/8 | €8,418 | €7,772 | -€646 | -7.7% |
| Trade debts | 44 | €4,262 | €3,314 | -€949 | -22.3% |
| Suppliers | 440/4 | €4,262 | €3,314 | -€949 | -22.3% |
| Advances received on contracts in progress | 46 | - | €160 | +€160 | |
| Taxes, remuneration and social security | 45 | €4,261 | €3,183 | -€1,077 | -25.3% |
| Taxes | 450/3 | €4,261 | €3,183 | -€1,077 | -25.3% |
| Other amounts payable | 47/48 | €131,745 | €161,293 | +€29,548 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,225 | €23,627 | +€2,402 | +11.3% |
| Other operating charges | 640/8 | €3,778 | €694 | -€3,084 | -81.6% |
| Gross operating margin | 9900 | -€449 | €6,457 | +€6,906 | |
| Operating profit (loss) | 9901 | -€25,452 | -€17,864 | +€7,588 | +29.8% |
| Financial income | 75/76B | €7 | €168 | +€162 | +2,317% |
| Recurring financial income | 75 | €7 | €168 | +€162 | +2,317% |
| Financial charges | 65/66B | €15,539 | €16,479 | +€941 | +6.1% |
| Recurring financial charges | 65 | €15,539 | €16,479 | +€941 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,983 | -€34,175 | +€6,808 | +16.6% |
| Income taxes | 67/77 | €173 | €158 | -€15 | -8.9% |
| Profit (loss) for the period | 9904 | -€41,156 | -€34,333 | +€6,824 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,156 | -€34,333 | +€6,824 | +16.6% |
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 24 October 2026 via checked.be.