R A MONTE: 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.
R A MONTE
Largest movements
- Receivables within one year +€71,668
up €71,668 (+247%), from €29,029 to €100,696
of which Other amounts receivable: +€65,936
- Tangible fixed assets +€32,555
new in 2025: €32,555
- Cash -€5,801
down €5,801 (-52.2%), from €11,112 to €5,311
- Debts after one year +€31,313
new in 2025: €31,313
- Profit (loss) carried forward +€28,497
up €28,497 (+145%), from €19,630 to €48,127
- Tax, wage and social debts +€14,907
up €14,907 (+110%), from €13,600 to €28,506
- Other debts +€8,472
new in 2025: €8,472
- Trade debts +€7,764
up €7,764 (+142%), from €5,476 to €13,240
- Write-downs +€9,000
new in 2025: €9,000
- Taxes -€6,123
down €6,123, from €5,000 to -€1,123
- Gross operating margin -€6,045
down €6,045 (-29.2%), from €20,702 to €14,657
- Depreciation +€1,183
new in 2025: €1,183
- Other operating charges +€649
new in 2025: €649
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,206 | €138,628 | +€98,422 | +245% |
| Fixed assets | 21/28 | €65 | €32,620 | +€32,555 | +50,084% |
| Tangible fixed assets | 22/27 | - | €32,555 | +€32,555 | |
| Furniture and vehicles | 24 | - | €32,555 | +€32,555 | |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €40,141 | €106,008 | +€65,867 | +164% |
| Amounts receivable within one year | 40/41 | €29,029 | €100,696 | +€71,668 | +247% |
| Trade receivables | 40 | €16,911 | €22,643 | +€5,732 | +33.9% |
| Other amounts receivable | 41 | €12,118 | €78,054 | +€65,936 | +544% |
| Cash at bank and in hand | 54/58 | €11,112 | €5,311 | -€5,801 | -52.2% |
| Total equity and liabilities | 10/49 | €40,206 | €138,628 | +€98,422 | +245% |
| Equity | 10/15 | €21,130 | €49,627 | +€28,497 | +135% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,630 | €48,127 | +€28,497 | +145% |
| Amounts payable | 17/49 | €19,076 | €89,000 | +€69,925 | +367% |
| Amounts payable after more than one year | 17 | - | €31,313 | +€31,313 | |
| Financial debts | 170/4 | - | €31,313 | +€31,313 | |
| Amounts payable within one year | 42/48 | €19,076 | €57,687 | +€38,612 | +202% |
| Current portion of amounts payable after more than one year | 42 | - | €7,469 | +€7,469 | |
| Trade debts | 44 | €5,476 | €13,240 | +€7,764 | +142% |
| Suppliers | 440/4 | €5,476 | €13,240 | +€7,764 | +142% |
| Taxes, remuneration and social security | 45 | €13,600 | €28,506 | +€14,907 | +110% |
| Taxes | 450/3 | €13,600 | €28,506 | +€14,907 | +110% |
| Other amounts payable | 47/48 | - | €8,472 | +€8,472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,183 | +€1,183 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,000 | +€9,000 | |
| Other operating charges | 640/8 | - | €649 | +€649 | |
| Gross operating margin | 9900 | €20,702 | €14,657 | -€6,045 | -29.2% |
| Operating profit (loss) | 9901 | €20,702 | €3,825 | -€16,877 | -81.5% |
| Financial income | 75/76B | - | €516 | +€516 | |
| Recurring financial income | 75 | - | €516 | +€516 | |
| Non-recurring financial income | 76B | - | €516 | +€516 | |
| Financial charges | 65/66B | €175 | €488 | +€313 | +179% |
| Recurring financial charges | 65 | €175 | €488 | +€313 | +179% |
| Profit (loss) for the period before taxes | 9903 | €20,527 | €3,852 | -€16,674 | -81.2% |
| Income taxes | 67/77 | €5,000 | -€1,123 | -€6,123 | |
| Profit (loss) for the period | 9904 | €15,527 | €4,975 | -€10,552 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,527 | €4,975 | -€10,552 | -68.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.