MOUNTAINAIR: 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.
MOUNTAINAIR
Largest movements
- Receivables within one year -€17,800
down €17,800 (-42.0%), from €42,365 to €24,565
of which Trade receivables: -€14,901
- Tangible fixed assets -€11,826
down €11,826 (-2.2%), from €534,292 to €522,466
of which Land and buildings: -€9,740
- Profit (loss) carried forward -€15,553
down €15,553 (-14.5%), from -€107,566 to -€123,119
- Trade debts -€12,517
down €12,517 (-83.0%), from €15,079 to €2,563
- Debts after one year -€10,290
down €10,290 (-2.2%), from €465,420 to €455,130
- Other debts +€9,565
up €9,565 (+14.6%), from €65,295 to €74,859
- Gross operating margin +€22,808
up €22,808 (+558%), from €4,084 to €26,892
- Depreciation -€4,486
down €4,486 (-14.7%), from €30,617 to €26,131
- Financial charges +€1,689
up €1,689 (+15.7%), from €10,726 to €12,415
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 | €623,790 | €592,484 | -€31,306 | -5.0% |
| Fixed assets | 21/28 | €558,292 | €546,466 | -€11,826 | -2.1% |
| Tangible fixed assets | 22/27 | €534,292 | €522,466 | -€11,826 | -2.2% |
| Land and buildings | 22 | €531,399 | €521,659 | -€9,740 | -1.8% |
| Furniture and vehicles | 24 | €2,893 | €807 | -€2,085 | -72.1% |
| Financial fixed assets | 28 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €65,499 | €46,018 | -€19,481 | -29.7% |
| Amounts receivable after more than one year | 29 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts receivable | 291 | €5,000 | €0 | -€5,000 | -100% |
| Amounts receivable within one year | 40/41 | €42,365 | €24,565 | -€17,800 | -42.0% |
| Trade receivables | 40 | €19,929 | €5,028 | -€14,901 | -74.8% |
| Other amounts receivable | 41 | €22,436 | €19,537 | -€2,899 | -12.9% |
| Cash at bank and in hand | 54/58 | €2,623 | €5,480 | +€2,857 | +109% |
| Deferred charges and accrued income | 490/1 | €15,511 | €15,973 | +€463 | +3.0% |
| Total equity and liabilities | 10/49 | €623,790 | €592,484 | -€31,306 | -5.0% |
| Equity | 10/15 | €50,768 | €33,214 | -€17,553 | -34.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €138,334 | €136,334 | -€2,000 | -1.4% |
| Distributable reserves | 133 | €138,334 | €136,334 | -€2,000 | -1.4% |
| Profit (loss) carried forward | 14 | -€107,566 | -€123,119 | -€15,553 | -14.5% |
| Amounts payable | 17/49 | €573,023 | €559,270 | -€13,753 | -2.4% |
| Amounts payable after more than one year | 17 | €465,420 | €455,130 | -€10,290 | -2.2% |
| Financial debts | 170/4 | €465,420 | €455,130 | -€10,290 | -2.2% |
| Amounts payable within one year | 42/48 | €106,707 | €104,092 | -€2,615 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €22,773 | €23,427 | +€654 | +2.9% |
| Trade debts | 44 | €15,079 | €2,563 | -€12,517 | -83.0% |
| Suppliers | 440/4 | €15,079 | €2,563 | -€12,517 | -83.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,560 | €3,243 | -€317 | -8.9% |
| Taxes | 450/3 | €3,560 | €3,243 | -€317 | -8.9% |
| Other amounts payable | 47/48 | €65,295 | €74,859 | +€9,565 | +14.6% |
| Accrued charges and deferred income | 492/3 | €896 | €48 | -€848 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,617 | €26,131 | -€4,486 | -14.7% |
| Other operating charges | 640/8 | €4,924 | €5,071 | +€148 | +3.0% |
| Gross operating margin | 9900 | €4,084 | €26,892 | +€22,808 | +558% |
| Operating profit (loss) | 9901 | -€31,457 | -€4,311 | +€27,146 | +86.3% |
| Financial income | 75/76B | €483 | €390 | -€93 | -19.2% |
| Recurring financial income | 75 | €483 | €390 | -€93 | -19.2% |
| Financial charges | 65/66B | €10,726 | €12,415 | +€1,689 | +15.7% |
| Recurring financial charges | 65 | €10,726 | €12,415 | +€1,689 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,700 | -€16,336 | +€25,364 | +60.8% |
| Income taxes | 67/77 | €1,233 | €1,218 | -€15 | -1.2% |
| Profit (loss) for the period | 9904 | -€42,932 | -€17,553 | +€25,379 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,932 | -€17,553 | +€25,379 | +59.1% |
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 17 October 2026 via checked.be.