MONTY: 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.
MONTY
Largest movements
- Receivables within one year -€13,130
down €13,130 (-19.0%), from €69,030 to €55,900
of which Other amounts receivable: -€11,704
- Cash -€12,176
down €12,176 (-96.9%), from €12,572 to €396
mainly Net result for the year (-€33,870) and Accrued charges and deferred income (-€16,211)
- Profit (loss) carried forward -€33,870
down €33,870 (-99.2%), from -€34,137 to -€68,007
- Other debts +€29,440
up €29,440 (+42.3%), from €69,571 to €99,011
- Accrued charges and deferred income -€16,211
down €16,211 (-94.0%), from €17,250 to €1,039
- Trade debts -€2,602
down €2,602 (-60.8%), from €4,280 to €1,678
- Tax, wage and social debts -€1,257
no longer reported in 2025 (was €1,257)
- Gross operating margin -€34,409
down €34,409, from €3,234 to -€31,175
- Depreciation +€907
up €907 (+304%), from €298 to €1,205
- Other operating charges +€362
up €362 (+49.5%), from €732 to €1,094
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 | €118,681 | €94,181 | -€24,500 | -20.6% |
| Fixed assets | 21/28 | €33,624 | €34,430 | +€806 | +2.4% |
| Tangible fixed assets | 22/27 | €3,624 | €4,418 | +€794 | +21.9% |
| Plant, machinery and equipment | 23 | €3,624 | €4,418 | +€794 | +21.9% |
| Financial fixed assets | 28 | €30,000 | €30,012 | +€12 | 0.0% |
| Current assets | 29/58 | €85,057 | €59,751 | -€25,306 | -29.8% |
| Amounts receivable within one year | 40/41 | €69,030 | €55,900 | -€13,130 | -19.0% |
| Trade receivables | 40 | €1,426 | - | -€1,426 | |
| Other amounts receivable | 41 | €67,604 | €55,900 | -€11,704 | -17.3% |
| Cash at bank and in hand | 54/58 | €12,572 | €396 | -€12,176 | -96.9% |
| Deferred charges and accrued income | 490/1 | €3,455 | €3,455 | = | 0.0% |
| Total equity and liabilities | 10/49 | €118,681 | €94,181 | -€24,500 | -20.6% |
| Equity | 10/15 | €26,323 | -€7,547 | -€33,870 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,860 | €41,860 | = | 0.0% |
| Distributable reserves | 133 | €41,860 | €41,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,137 | -€68,007 | -€33,870 | -99.2% |
| Amounts payable | 17/49 | €92,358 | €101,728 | +€9,370 | +10.1% |
| Amounts payable within one year | 42/48 | €75,108 | €100,689 | +€25,581 | +34.1% |
| Trade debts | 44 | €4,280 | €1,678 | -€2,602 | -60.8% |
| Suppliers | 440/4 | €4,280 | €1,678 | -€2,602 | -60.8% |
| Taxes, remuneration and social security | 45 | €1,257 | - | -€1,257 | |
| Taxes | 450/3 | €1,257 | - | -€1,257 | |
| Other amounts payable | 47/48 | €69,571 | €99,011 | +€29,440 | +42.3% |
| Accrued charges and deferred income | 492/3 | €17,250 | €1,039 | -€16,211 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298 | €1,205 | +€907 | +304% |
| Other operating charges | 640/8 | €732 | €1,094 | +€362 | +49.5% |
| Gross operating margin | 9900 | €3,234 | -€31,175 | -€34,409 | |
| Operating profit (loss) | 9901 | €2,204 | -€33,474 | -€35,678 | |
| Financial income | 75/76B | - | €108 | +€108 | |
| Recurring financial income | 75 | - | €108 | +€108 | |
| Financial charges | 65/66B | €388 | €504 | +€116 | +29.9% |
| Recurring financial charges | 65 | €388 | €504 | +€116 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €1,816 | -€33,870 | -€35,686 | |
| Profit (loss) for the period | 9904 | €1,816 | -€33,870 | -€35,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,816 | -€33,870 | -€35,686 |
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 19 October 2026 via checked.be.