Mountain View: 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 View
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+101.7%), from €1.3m to €2.6m
of which Land and buildings: +€1.3m
- Receivables within one year -€128,098
down €128,098 (-96.4%), from €132,869 to €4,771
of which Trade receivables: -€128,685
- Current investments +€40,000
up €40,000 (+26.5%), from €150,901 to €190,901
- Debts after one year +€785,774
up €785,774 (+117.3%), from €670,042 to €1.5m
- Short-term financial debts +€406,000
new in 2025: €406,000
- Trade debts +€253,875
up €253,875 (+4010.8%), from €6,330 to €260,205
- Profit (loss) carried forward -€252,713
down €252,713 (-13206.8%), from -€1,914 to -€254,626
- Current portion of long-term debt +€50,376
up €50,376 (+54.4%), from €92,645 to €143,020
- Other operating charges +€92,470
up €92,470 (+107.5%), from €86,047 to €178,517
- Gross operating margin -€72,799
down €72,799 (-29.5%), from €246,677 to €173,877
- Financial income -€57,793
down €57,793 (-100.0%), from €57,821 to €28
of which Non-recurring financial income: -€56,580
- Staff costs +€33,621
up €33,621 (+61.7%), from €54,484 to €88,105
- Depreciation +€22,623
up €22,623 (+22.4%), from €101,018 to €123,641
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 | €1,947,330 | €3,188,600 | +€1.2m | +63.7% |
| Fixed assets | 21/28 | €1,649,797 | €2,971,033 | +€1.3m | +80.1% |
| Tangible fixed assets | 22/27 | €1,298,747 | €2,619,856 | +€1.3m | +101.7% |
| Land and buildings | 22 | €1,292,842 | €2,616,718 | +€1.3m | +102.4% |
| Plant, machinery and equipment | 23 | €5,904 | €3,138 | -€2,766 | -46.8% |
| Financial fixed assets | 28 | €351,050 | €351,177 | +€127 | 0.0% |
| Current assets | 29/58 | €297,533 | €217,567 | -€79,966 | -26.9% |
| Amounts receivable within one year | 40/41 | €132,869 | €4,771 | -€128,098 | -96.4% |
| Trade receivables | 40 | €132,135 | €3,450 | -€128,685 | -97.4% |
| Other amounts receivable | 41 | €734 | €1,321 | +€587 | +79.9% |
| Current investments | 50/53 | €150,901 | €190,901 | +€40,000 | +26.5% |
| Cash at bank and in hand | 54/58 | €13,763 | €6,295 | -€7,468 | -54.3% |
| Deferred charges and accrued income | 490/1 | - | €15,600 | +€15,600 | |
| Total equity and liabilities | 10/49 | €1,947,330 | €3,188,600 | +€1.2m | +63.7% |
| Equity | 10/15 | €701,099 | €438,178 | -€262,920 | -37.5% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €684,420 | €672,353 | -€12,067 | -1.8% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €268,801 | €258,593 | -€10,208 | -3.8% |
| Distributable reserves | 133 | €413,760 | €413,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,914 | -€254,626 | -€252,713 | -13206.8% |
| Provisions and deferred taxes | 16 | €67,200 | €64,648 | -€2,552 | -3.8% |
| Deferred taxes | 168 | €67,200 | €64,648 | -€2,552 | -3.8% |
| Amounts payable | 17/49 | €1,179,031 | €2,685,773 | +€1.5m | +127.8% |
| Amounts payable after more than one year | 17 | €670,042 | €1,455,816 | +€785,774 | +117.3% |
| Financial debts | 170/4 | €670,042 | €1,455,816 | +€785,774 | +117.3% |
| Amounts payable within one year | 42/48 | €508,989 | €1,229,957 | +€720,968 | +141.6% |
| Current portion of amounts payable after more than one year | 42 | €92,645 | €143,020 | +€50,376 | +54.4% |
| Financial debts | 43 | - | €406,000 | +€406,000 | |
| Credit institutions | 430/8 | - | €406,000 | +€406,000 | |
| Trade debts | 44 | €6,330 | €260,205 | +€253,875 | +4010.8% |
| Suppliers | 440/4 | €6,330 | €260,205 | +€253,875 | +4010.8% |
| Taxes, remuneration and social security | 45 | €9,787 | €17,968 | +€8,181 | +83.6% |
| Taxes | 450/3 | €3,701 | €7,895 | +€4,193 | +113.3% |
| Remuneration and social security | 454/9 | €6,086 | €10,073 | +€3,987 | +65.5% |
| Other amounts payable | 47/48 | €400,228 | €402,764 | +€2,536 | +0.6% |
| Remuneration, social security and pensions | 62 | €54,484 | €88,105 | +€33,621 | +61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,018 | €123,641 | +€22,623 | +22.4% |
| Other operating charges | 640/8 | €86,047 | €178,517 | +€92,470 | +107.5% |
| Gross operating margin | 9900 | €246,677 | €173,877 | -€72,799 | -29.5% |
| Operating profit (loss) | 9901 | €5,128 | -€216,386 | -€221,513 | |
| Financial income | 75/76B | €57,821 | €28 | -€57,793 | -100.0% |
| Recurring financial income | 75 | €1,220 | €7 | -€1,213 | -99.5% |
| Non-recurring financial income | 76B | €56,601 | €21 | -€56,580 | -100.0% |
| Financial charges | 65/66B | €39,811 | €49,115 | +€9,303 | +23.4% |
| Recurring financial charges | 65 | €39,811 | €49,115 | +€9,303 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €23,137 | -€265,472 | -€288,610 | |
| Transfer from deferred taxes | 780 | €2,552 | €2,552 | = | 0.0% |
| Income taxes | 67/77 | €7,205 | - | -€7,205 | |
| Profit (loss) for the period | 9904 | €18,484 | -€262,920 | -€281,404 | |
| Transfer from tax-exempt reserves | 789 | €10,208 | €10,208 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,692 | -€252,713 | -€281,404 |
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.