Montrouge: 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.
Montrouge
Largest movements
- Current investments +€2.7m
up €2.7m (+14.2%), from €19.1m to €21.8m
- Cash -€2.7m
down €2.7m (-25.9%), from €10.2m to €7.6m
- Profit (loss) carried forward -€1.6m
down €1.6m (-4.6%), from €35.4m to €33.8m
- Reserves +€1.5m
up €1.5m (+1184.3%), from €123,750 to €1.6m
of which Distributable reserves: +€1.5m
- Financial income +€1.9m
new in 2025: €1.9m
of which Financial income: +€1.8m
- Taxes +€293,528
new in 2025: €293,528
- Gross operating margin -€113,308
new in 2025: -€113,308
- Other operating charges +€4,357
new in 2025: €4,357
- Financial charges +€1,500
new in 2025: €1,500
From the 15-12-2025 result to the 31-12-2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 15-12-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,723,600 | €36,732,829 | +€9,229 | 0.0% |
| Fixed assets | 21/28 | €7,101,178 | €7,101,178 | +€0 | 0.0% |
| Financial fixed assets | 28 | €7,101,178 | €7,101,178 | +€0 | 0.0% |
| Shares | 284 | €7,101,178 | - | -€7.1m | |
| Current assets | 29/58 | €29,622,422 | €29,631,651 | +€9,229 | 0.0% |
| Current investments | 50/53 | €19,073,677 | €21,777,051 | +€2.7m | +14.2% |
| Other investments | 51/53 | €19,073,677 | - | -€19.1m | |
| Cash at bank and in hand | 54/58 | €10,242,947 | €7,585,605 | -€2.7m | -25.9% |
| Deferred charges and accrued income | 490/1 | €305,798 | €268,996 | -€36,802 | -12.0% |
| Total equity and liabilities | 10/49 | €36,723,600 | €36,732,829 | +€9,229 | 0.0% |
| Equity | 10/15 | €36,723,600 | €36,578,081 | -€145,519 | -0.4% |
| Contributions | 10/11 | €1,237,500 | €1,237,500 | = | 0.0% |
| Capital | 10 | €1,237,500 | €1,237,500 | = | 0.0% |
| Issued capital | 100 | €1,237,500 | €1,237,500 | = | 0.0% |
| Reserves | 13 | €123,750 | €1,589,376 | +€1.5m | +1184.3% |
| Non-distributable reserves | 130/1 | €123,750 | €123,750 | = | 0.0% |
| Legal reserve | 130 | €123,750 | €123,750 | = | 0.0% |
| Distributable reserves | 133 | - | €1,465,626 | +€1.5m | |
| Profit (loss) carried forward | 14 | €35,362,350 | €33,751,204 | -€1.6m | -4.6% |
| Amounts payable | 17/49 | - | €154,749 | +€154,749 | |
| Amounts payable within one year | 42/48 | - | €153,624 | +€153,624 | |
| Trade debts | 44 | - | €6,444 | +€6,444 | |
| Suppliers | 440/4 | - | €6,444 | +€6,444 | |
| Taxes, remuneration and social security | 45 | - | €147,181 | +€147,181 | |
| Taxes | 450/3 | - | €147,181 | +€147,181 | |
| Accrued charges and deferred income | 492/3 | - | €1,124 | +€1,124 | |
| Other operating charges | 640/8 | - | €4,357 | +€4,357 | |
| Gross operating margin | 9900 | - | -€113,308 | -€113,308 | |
| Operating profit (loss) | 9901 | - | -€117,665 | -€117,665 | |
| Financial income | 75/76B | - | €1,878,319 | +€1.9m | |
| Recurring financial income | 75 | - | €1,762,319 | +€1.8m | |
| Non-recurring financial income | 76B | - | €116,000 | +€116,000 | |
| Financial charges | 65/66B | - | €1,500 | +€1,500 | |
| Recurring financial charges | 65 | - | €1,500 | +€1,500 | |
| Profit (loss) for the period before taxes | 9903 | - | €1,759,154 | +€1.8m | |
| Income taxes | 67/77 | - | €293,528 | +€293,528 | |
| Profit (loss) for the period | 9904 | - | €1,465,626 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | - | €1,465,626 | +€1.5m |
Source: filed annual accounts (NBB), financial years ended 15 December 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.