MOUNT: what changed
Two fiscal 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.
MOUNT
Largest movements
- Cash +€37,061
up €37,061 (+87.6%), from €42,296 to €79,357
mainly Net result for the year (+€27,828) and Receivables within one year (+€5,635)
- Receivables within one year -€5,635
down €5,635 (-31.2%), from €18,086 to €12,452
of which Trade receivables: -€5,867
- Reserves +€27,800
up €27,800 (+41.0%), from €67,760 to €95,560
- Tax, wage and social debts +€3,859
up €3,859 (+251.6%), from €1,534 to €5,393
- Financial income +€22,078
up €22,078 (+4750.3%), from €465 to €22,543
- Gross operating margin +€8,636
up €8,636 (+233.7%), from €3,696 to €12,333
- Taxes +€2,339
up €2,339 (+83.4%), from €2,805 to €5,144
- Depreciation +€463
up €463 (+44.3%), from €1,044 to €1,507
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 | €134,400 | €164,839 | +€30,439 | +22.6% |
| Fixed assets | 21/28 | €73,874 | €72,367 | -€1,507 | -2.0% |
| Tangible fixed assets | 22/27 | €3,277 | €1,770 | -€1,507 | -46.0% |
| Plant, machinery and equipment | 23 | €1,875 | €836 | -€1,039 | -55.4% |
| Furniture and vehicles | 24 | €1,402 | €934 | -€468 | -33.4% |
| Financial fixed assets | 28 | €70,597 | €70,597 | = | 0.0% |
| Current assets | 29/58 | €60,526 | €92,472 | +€31,946 | +52.8% |
| Amounts receivable within one year | 40/41 | €18,086 | €12,452 | -€5,635 | -31.2% |
| Trade receivables | 40 | €12,918 | €7,052 | -€5,867 | -45.4% |
| Other amounts receivable | 41 | €5,168 | €5,400 | +€232 | +4.5% |
| Cash at bank and in hand | 54/58 | €42,296 | €79,357 | +€37,061 | +87.6% |
| Deferred charges and accrued income | 490/1 | €143 | €663 | +€520 | +363.2% |
| Total equity and liabilities | 10/49 | €134,400 | €164,839 | +€30,439 | +22.6% |
| Equity | 10/15 | €130,426 | €158,254 | +€27,828 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,760 | €95,560 | +€27,800 | +41.0% |
| Distributable reserves | 133 | €67,760 | €95,560 | +€27,800 | +41.0% |
| Profit (loss) carried forward | 14 | €44,066 | €44,094 | +€28 | +0.1% |
| Amounts payable | 17/49 | €3,974 | €6,585 | +€2,611 | +65.7% |
| Amounts payable within one year | 42/48 | €3,974 | €6,585 | +€2,611 | +65.7% |
| Trade debts | 44 | €2,440 | €1,192 | -€1,248 | -51.2% |
| Suppliers | 440/4 | €2,440 | €1,192 | -€1,248 | -51.2% |
| Taxes, remuneration and social security | 45 | €1,534 | €5,393 | +€3,859 | +251.6% |
| Taxes | 450/3 | €1,534 | €5,393 | +€3,859 | +251.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,044 | €1,507 | +€463 | +44.3% |
| Other operating charges | 640/8 | €118 | €199 | +€81 | +68.7% |
| Gross operating margin | 9900 | €3,696 | €12,333 | +€8,636 | +233.7% |
| Operating profit (loss) | 9901 | €2,534 | €10,627 | +€8,093 | +319.3% |
| Financial income | 75/76B | €465 | €22,543 | +€22,078 | +4750.3% |
| Recurring financial income | 75 | €465 | €22,543 | +€22,078 | +4750.3% |
| Financial charges | 65/66B | €113 | €197 | +€84 | +74.3% |
| Recurring financial charges | 65 | €113 | €197 | +€84 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | €2,886 | €32,973 | +€30,087 | +1042.5% |
| Income taxes | 67/77 | €2,805 | €5,144 | +€2,339 | +83.4% |
| Profit (loss) for the period | 9904 | €81 | €27,828 | +€27,748 | +34409.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81 | €27,828 | +€27,748 | +34409.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.