Montova: 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.
Montova
Largest movements
- Receivables within one year +€195,562
up €195,562 (+16.9%), from €1.2m to €1.4m
of which Trade receivables: +€140,562
- Cash -€75,955
down €75,955 (-14.3%), from €529,631 to €453,676
mainly Net result for the year (-€459,931) and Contributions, distributions and other (-€300,000)
- Tangible fixed assets -€43,460
down €43,460 (-65.6%), from €66,259 to €22,800
of which Plant, machinery and equipment: -€25,803
- Accrued charges and deferred income +€901,695
new in 2025: €901,695
- Profit (loss) carried forward -€759,931
down €759,931, from €545,613 to -€214,319
- Trade debts -€59,886
down €59,886 (-13.4%), from €447,922 to €388,036
- Gross operating margin -€932,188
down €932,188 (-70.7%), from €1.3m to €386,232
- Taxes -€99,671
down €99,671 (-96.5%), from €103,318 to €3,646
- Staff costs -€75,618
down €75,618 (-8.7%), from €869,092 to €793,474
- Depreciation -€18,793
down €18,793 (-30.2%), from €62,253 to €43,460
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 | €1,826,981 | €1,899,290 | +€72,309 | +4.0% |
| Fixed assets | 21/28 | €68,764 | €25,305 | -€43,460 | -63.2% |
| Tangible fixed assets | 22/27 | €66,259 | €22,800 | -€43,460 | -65.6% |
| Plant, machinery and equipment | 23 | €46,173 | €20,370 | -€25,803 | -55.9% |
| Furniture and vehicles | 24 | €20,086 | €2,429 | -€17,657 | -87.9% |
| Financial fixed assets | 28 | €2,505 | €2,505 | = | 0.0% |
| Current assets | 29/58 | €1,758,217 | €1,873,985 | +€115,769 | +6.6% |
| Amounts receivable within one year | 40/41 | €1,159,831 | €1,355,393 | +€195,562 | +16.9% |
| Trade receivables | 40 | €1,159,831 | €1,300,393 | +€140,562 | +12.1% |
| Other amounts receivable | 41 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €529,631 | €453,676 | -€75,955 | -14.3% |
| Deferred charges and accrued income | 490/1 | €68,755 | €64,917 | -€3,838 | -5.6% |
| Total equity and liabilities | 10/49 | €1,826,981 | €1,899,290 | +€72,309 | +4.0% |
| Equity | 10/15 | €1,127,533 | €367,601 | -€759,931 | -67.4% |
| Contributions | 10/11 | €9,077 | €9,077 | = | 0.0% |
| Reserves | 13 | €572,843 | €572,843 | = | 0.0% |
| Distributable reserves | 133 | €572,843 | €572,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | €545,613 | -€214,319 | -€759,931 | |
| Amounts payable | 17/49 | €699,449 | €1,531,689 | +€832,240 | +119.0% |
| Amounts payable within one year | 42/48 | €699,449 | €629,993 | -€69,455 | -9.9% |
| Trade debts | 44 | €447,922 | €388,036 | -€59,886 | -13.4% |
| Suppliers | 440/4 | €447,922 | €388,036 | -€59,886 | -13.4% |
| Taxes, remuneration and social security | 45 | €251,527 | €241,958 | -€9,569 | -3.8% |
| Taxes | 450/3 | €175,244 | €140,593 | -€34,651 | -19.8% |
| Remuneration and social security | 454/9 | €76,283 | €101,365 | +€25,082 | +32.9% |
| Accrued charges and deferred income | 492/3 | - | €901,695 | +€901,695 | |
| Non-recurring operating income | 76A | €15,530 | €7,450 | -€8,080 | -52.0% |
| Remuneration, social security and pensions | 62 | €869,092 | €793,474 | -€75,618 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,253 | €43,460 | -€18,793 | -30.2% |
| Other operating charges | 640/8 | €2,303 | €1,904 | -€400 | -17.3% |
| Gross operating margin | 9900 | €1,318,420 | €386,232 | -€932,188 | -70.7% |
| Operating profit (loss) | 9901 | €384,773 | -€452,605 | -€837,378 | |
| Financial income | 75/76B | - | €1,339 | +€1,339 | |
| Recurring financial income | 75 | - | €1,339 | +€1,339 | |
| Financial charges | 65/66B | €6,476 | €5,019 | -€1,458 | -22.5% |
| Recurring financial charges | 65 | €6,476 | €5,019 | -€1,458 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €378,296 | -€456,285 | -€834,581 | |
| Income taxes | 67/77 | €103,318 | €3,646 | -€99,671 | -96.5% |
| Profit (loss) for the period | 9904 | €274,978 | -€459,931 | -€734,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €274,978 | -€459,931 | -€734,910 |
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 9 October 2026 via checked.be.