Mountain Advisory: 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.
Mountain Advisory
Largest movements
- Receivables within one year +€10,598
up €10,598 (+156.9%), from €6,754 to €17,351
of which Trade receivables: +€11,492
- Deferred charges and accrued income +€2,660
new in 2025: €2,660
- Tangible fixed assets -€1,180
down €1,180 (-21.1%), from €5,600 to €4,421
of which Furniture and vehicles: -€752
- Trade debts +€6,031
up €6,031 (+65.9%), from €9,146 to €15,176
- Short-term financial debts +€3,284
new in 2025: €3,284
- Advances received +€3,219
new in 2025: €3,219
- Tax, wage and social debts -€1,946
down €1,946 (-66.6%), from €2,924 to €978
- Other debts +€1,910
up €1,910 (+4.8%), from €40,170 to €42,080
- Gross operating margin +€25,702
up €25,702, from -€21,841 to €3,860
- Other operating charges +€893
up €893 (+134.9%), from €662 to €1,555
- Financial charges +€247
up €247 (+72.3%), from €342 to €589
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 | €12,375 | €24,432 | +€12,058 | +97.4% |
| Fixed assets | 21/28 | €5,600 | €4,421 | -€1,180 | -21.1% |
| Tangible fixed assets | 22/27 | €5,600 | €4,421 | -€1,180 | -21.1% |
| Plant, machinery and equipment | 23 | €3,067 | €2,639 | -€428 | -14.0% |
| Furniture and vehicles | 24 | €2,534 | €1,782 | -€752 | -29.7% |
| Current assets | 29/58 | €6,774 | €20,012 | +€13,238 | +195.4% |
| Amounts receivable within one year | 40/41 | €6,754 | €17,351 | +€10,598 | +156.9% |
| Trade receivables | 40 | €3,976 | €15,468 | +€11,492 | +289.1% |
| Other amounts receivable | 41 | €2,778 | €1,884 | -€894 | -32.2% |
| Cash at bank and in hand | 54/58 | €20 | €0 | -€20 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €2,660 | +€2,660 | |
| Total equity and liabilities | 10/49 | €12,375 | €24,432 | +€12,058 | +97.4% |
| Equity | 10/15 | -€39,864 | -€40,305 | -€441 | -1.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,047 | €3,047 | = | 0.0% |
| Distributable reserves | 133 | €3,047 | €3,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,911 | -€45,352 | -€441 | -1.0% |
| Amounts payable | 17/49 | €52,239 | €64,737 | +€12,498 | +23.9% |
| Amounts payable within one year | 42/48 | €52,239 | €64,737 | +€12,498 | +23.9% |
| Financial debts | 43 | - | €3,284 | +€3,284 | |
| Credit institutions | 430/8 | - | €3,284 | +€3,284 | |
| Trade debts | 44 | €9,146 | €15,176 | +€6,031 | +65.9% |
| Suppliers | 440/4 | €9,146 | €15,176 | +€6,031 | +65.9% |
| Advances received on contracts in progress | 46 | - | €3,219 | +€3,219 | |
| Taxes, remuneration and social security | 45 | €2,924 | €978 | -€1,946 | -66.6% |
| Taxes | 450/3 | €2,924 | €978 | -€1,946 | -66.6% |
| Other amounts payable | 47/48 | €40,170 | €42,080 | +€1,910 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,334 | €2,391 | +€57 | +2.4% |
| Other operating charges | 640/8 | €662 | €1,555 | +€893 | +134.9% |
| Gross operating margin | 9900 | -€21,841 | €3,860 | +€25,702 | |
| Operating profit (loss) | 9901 | -€24,837 | -€86 | +€24,751 | +99.7% |
| Financial income | 75/76B | €91 | €235 | +€144 | +159.4% |
| Recurring financial income | 75 | €91 | €235 | +€144 | +159.4% |
| Financial charges | 65/66B | €342 | €589 | +€247 | +72.3% |
| Recurring financial charges | 65 | €342 | €589 | +€247 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,089 | -€441 | +€24,648 | +98.2% |
| Profit (loss) for the period | 9904 | -€25,089 | -€441 | +€24,648 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,089 | -€441 | +€24,648 | +98.2% |
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 11 October 2026 via checked.be.