Marc Devriese
Annual accounts 2025
micro format, filed on 18-07-2026, 13 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €5,200. Estimated: probably between €3,000 and €8,600.
Balance sheet
balance sheet total €218,968 on 31-12-2025in euro
in euro
Position in the sector
67.6%
Higher than 73% of 35,136 companies in 2025.
2.17
Higher than 58% of 34,510 companies in 2025.
-10.3%
Higher than 12% of 34,711 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
218,968 | 217,836 | 234,343 | 220,342 | 261,147 | 269,623 | 257,750 | 314,895 | 343,725 | 304,050 | 326,507 | 310,451 | 306,703 | 270,910 | 224,898 | 175,675 | 160,371 | 207,015 | 188,664 | 168,563 | |
21/28 |
64,966 | 47,365 | 66,721 | 43,715 | 60,707 | 61,265 | 17,266 | 10,837 | 14,915 | 21,222 | 30,877 | 29,568 | 23,197 | 31,731 | 30,908 | 20,375 | 30,512 | 62,746 | 75,399 | 68,464 | |
22/27 |
64,966 | 47,365 | 66,721 | 43,715 | 60,707 | 61,265 | 17,266 | 10,837 | 14,915 | 21,222 | 30,877 | 29,568 | 23,197 | 31,731 | 30,908 | 20,375 | 30,512 | 62,746 | 75,399 | 68,464 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37,327 | 41,329 | 45,331 | |
23 |
48,722 | 26,955 | 34,392 | 43,715 | 60,707 | 61,265 | 17,266 | 7,448 | 7,831 | 10,443 | 13,229 | 18,132 | 4,419 | 6,244 | 9,103 | 2,948 | 5,243 | 6,670 | 3,593 | 5,050 | |
24 |
15,209 | 20,409 | 32,329 | - | - | - | - | 3,388 | 7,083 | 10,778 | 17,648 | 11,436 | 18,778 | 25,487 | 21,805 | 17,427 | 25,269 | 18,749 | 30,477 | 18,083 | |
26 |
1,035 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
154,002 | 170,471 | 167,622 | 176,627 | 200,441 | 208,358 | 240,485 | 304,058 | 328,810 | 282,828 | 295,631 | 280,882 | 283,506 | 239,178 | 193,990 | 155,300 | 129,859 | 144,269 | 113,265 | 100,099 | |
3 |
52,661 | 62,314 | 85,206 | 94,287 | 61,465 | 59,284 | 75,711 | 73,631 | 59,628 | 59,441 | 49,155 | 53,888 | 71,474 | 29,343 | 25,970 | 28,066 | 24,403 | 42,848 | 21,029 | 20,876 | |
30/36 |
49,824 | 41,467 | 51,834 | 45,752 | 34,818 | 27,260 | 37,638 | 25,325 | 18,397 | 22,416 | 17,894 | 25,060 | 25,593 | 22,459 | 16,964 | 15,273 | 12,909 | 12,093 | 13,393 | 20,876 | |
37 |
2,837 | 20,848 | 33,371 | 48,535 | 26,647 | 32,024 | 38,073 | 48,305 | 41,231 | 37,024 | 31,261 | 28,829 | 45,881 | 6,884 | 9,006 | 12,793 | 11,494 | 30,755 | 7,636 | - | |
40/41 |
17,208 | 38,012 | 19,974 | 19,805 | 20,389 | 27,539 | 27,292 | 26,364 | 20,649 | 40,826 | 54,053 | 48,487 | 42,886 | 117,025 | 87,567 | 50,175 | 45,330 | 28,650 | 39,688 | 58,967 | |
40 |
16,806 | 36,360 | 12,737 | 17,443 | 14,768 | 18,566 | 17,715 | 12,424 | 8,527 | 34,007 | 43,504 | 41,931 | 31,244 | 111,372 | 83,958 | 50,175 | 45,330 | 26,916 | 34,234 | 56,766 | |
41 |
401 | 1,652 | 7,237 | 2,362 | 5,620 | 8,973 | 9,577 | 13,940 | 12,123 | 6,819 | 10,548 | 6,556 | 11,641 | 5,654 | 3,609 | - | - | 1,734 | 5,454 | 2,201 | |
54/58 |
78,490 | 62,683 | 59,075 | 57,578 | 109,693 | 114,740 | 132,580 | 199,334 | 248,533 | 182,562 | 192,423 | 178,507 | 169,146 | 92,810 | 80,453 | 77,048 | 60,126 | 72,771 | 52,548 | 20,256 | |
490/1 |
5,644 | 7,462 | 3,368 | 4,957 | 8,895 | 6,795 | 4,902 | 4,729 | - | - | - | - | - | - | - | 12 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
218,968 | 217,836 | 234,343 | 220,342 | 261,147 | 269,623 | 257,750 | 314,895 | 343,725 | 304,050 | 326,507 | 310,451 | 306,703 | 270,910 | 224,898 | 175,675 | 160,371 | 207,015 | 188,664 | 168,563 | |
10/15 |
148,009 | 170,632 | 170,120 | 177,874 | 217,099 | 242,350 | 239,556 | 236,405 | 312,114 | 285,960 | 274,023 | 262,674 | 105,031 | 225,044 | 189,251 | 146,660 | 124,314 | 100,983 | 81,892 | 57,900 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 147,400 | 147,400 | 147,400 | 147,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 153,600 | 153,600 | 153,600 | 153,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
211,268 | 211,268 | 211,268 | 211,268 | 211,268 | 229,950 | 227,156 | 224,005 | 164,714 | 138,560 | 126,623 | 115,274 | 92,631 | 212,644 | 176,851 | 134,260 | 111,914 | 88,583 | 69,492 | 45,500 | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 5,668 | 4,361 | 3,764 | 3,094 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
132 |
- | - | - | - | - | - | - | - | - | - | - | 2,042 | 4,084 | 6,126 | 8,168 | - | - | - | - | - | |
133 |
211,268 | 211,268 | 211,268 | 211,268 | 211,268 | 229,950 | 225,296 | 222,145 | 159,046 | 134,200 | 122,859 | 110,138 | 86,687 | 204,657 | 166,823 | 132,400 | 110,054 | 86,723 | 67,632 | 43,640 | |
14 |
-75,659 | -53,036 | -53,547 | -45,794 | -6,569 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | - | - | - | - | 958 | 1,916 | 2,874 | 3,832 | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | - | - | - | - | 958 | 1,916 | 2,874 | 3,832 | - | - | - | - | - | |
17/49 |
70,960 | 47,204 | 64,223 | 42,468 | 44,048 | 27,273 | 18,195 | 78,489 | 31,611 | 18,090 | 52,484 | 46,818 | 199,756 | 42,993 | 31,815 | 29,015 | 36,057 | 106,032 | 106,772 | 110,663 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,024 | 7,374 | 48,178 | 56,513 | 45,466 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,024 | 7,374 | 48,178 | 56,513 | 45,466 | |
42/48 |
70,960 | 47,204 | 64,223 | 42,468 | 44,048 | 27,273 | 18,195 | 78,489 | 31,611 | 18,090 | 52,484 | 46,818 | 199,756 | 42,993 | 31,815 | 25,992 | 28,683 | 57,854 | 50,259 | 64,905 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,024 | 4,350 | 4,137 | 8,335 | 8,140 | 4,400 | |
44 |
20,559 | 27,457 | 41,325 | 38,856 | 39,609 | 22,939 | 15,195 | 39,831 | 29,401 | 14,101 | 32,716 | 31,360 | 44,890 | 34,518 | 26,007 | 8,597 | 14,893 | 20,963 | 19,774 | 21,493 | |
440/4 |
20,559 | 27,457 | 41,325 | 38,856 | 39,609 | 22,939 | 15,195 | 39,831 | 29,401 | 14,101 | 32,716 | 31,360 | 44,890 | 34,518 | 26,007 | 8,597 | 14,893 | 20,963 | 19,774 | 21,493 | |
45 |
1,135 | 1,176 | 1,301 | 3,612 | 4,439 | 4,334 | 3,000 | 3,437 | 2,210 | 3,000 | 17,627 | 14,061 | 19,866 | 8,260 | 2,720 | 2,177 | 3,089 | 2,260 | 3,593 | 583 | |
450/3 |
135 | 176 | 301 | 2,028 | 2,689 | 2,584 | 1,250 | 1,687 | 1,090 | 1,090 | 17,627 | 12,941 | 19,866 | 8,260 | 2,720 | 2,177 | 3,089 | 2,260 | 3,593 | 583 | |
454/9 |
1,000 | 1,000 | 1,000 | 1,584 | 1,750 | 1,750 | 1,750 | 1,750 | 1,120 | 1,910 | - | 1,120 | - | - | - | - | - | - | - | - | |
47/48 |
49,265 | 18,571 | 21,597 | - | - | - | - | 35,222 | - | 989 | 2,142 | 1,397 | 135,000 | 215 | 65 | 10,867 | 6,563 | 26,296 | 18,752 | 38,429 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 292 | |
| Income statement | |||||||||||||||||||||
76A |
0 | 8,000 | 0 | 1,700 | - | - | - | - | - | 1,441 | 5,000 | - | - | 2,612 | 15,000 | - | 9,896 | - | 3,719 | - | |
9900 |
450 | 20,502 | 8,297 | -23,964 | -11,740 | 18,460 | 16,071 | 94,058 | 50,536 | 33,074 | 31,051 | 47,952 | 51,000 | 58,747 | 59,018 | 41,890 | 38,903 | 48,028 | 60,568 | 39,598 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,243 | - | |
630 |
18,490 | 16,212 | 12,950 | 12,192 | 10,756 | 9,599 | 8,820 | 6,865 | 6,307 | 10,575 | 12,634 | 12,428 | 10,002 | 12,892 | 14,177 | 10,137 | 10,814 | 18,726 | 15,401 | 14,579 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,627 | - | - | - | |
640/8 |
593 | 933 | 3,004 | 1,748 | 873 | 1,154 | 619 | 558 | 502 | 842 | 577 | 626 | 572 | 566 | 560 | 2,401 | 1,467 | 1,545 | 1,941 | 1,885 | |
66A |
0 | 2,719 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 712 | - | - | - | |
9901 |
-18,633 | 637 | -7,657 | -37,903 | -23,369 | 7,707 | 6,633 | 86,635 | 43,727 | 21,657 | 17,841 | 34,898 | 40,425 | 45,289 | 44,281 | 29,352 | 24,995 | 27,757 | 31,983 | 23,134 | |
75/76B |
221 | 1,120 | 1,282 | 40 | 183 | 68 | 132 | 60 | 478 | 1,437 | 426 | 470 | 1,236 | 1,083 | 420 | 414 | 437 | 452 | 387 | 193 | |
75 |
221 | 1,120 | 42 | 40 | 183 | 68 | 132 | 60 | 478 | 1,437 | 426 | 470 | 1,236 | 1,083 | 420 | 414 | 437 | 452 | 387 | 193 | |
76B |
- | 0 | 1,240 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
4,211 | 1,246 | 1,305 | 1,238 | 1,948 | 3,659 | 2,465 | 4,698 | 5,095 | 2,253 | 2,786 | 3,348 | 2,906 | 1,648 | 1,421 | 1,233 | 3,874 | 3,663 | 3,874 | 3,324 | |
65 |
113 | 1,246 | 1,305 | 1,238 | 1,948 | 3,659 | 2,465 | 4,698 | 5,095 | 2,253 | 2,786 | 3,348 | 2,906 | 1,648 | 1,421 | 1,233 | 3,874 | 3,663 | 3,874 | 3,324 | |
66B |
4,097 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-22,623 | 511 | -7,680 | -39,100 | -25,134 | 4,116 | 4,300 | 81,997 | 39,110 | 20,841 | 20,481 | 32,020 | 38,755 | 47,336 | 58,280 | 28,533 | 30,742 | 24,546 | 32,215 | 20,003 | |
67/77 |
- | 0 | 74 | 125 | 117 | 1,322 | 1,150 | 22,706 | 12,957 | 8,904 | 10,090 | 10,335 | 9,726 | 12,502 | 11,857 | 6,187 | 7,411 | 5,455 | 8,223 | 4,822 | |
9904 |
-22,623 | 511 | -7,754 | -39,225 | -25,251 | 2,795 | 3,150 | 59,291 | 26,154 | 11,937 | 11,349 | 22,643 | 29,988 | 35,792 | 42,591 | 22,346 | 23,332 | 19,091 | 23,992 | 15,181 | |
789 |
- | - | - | - | - | - | - | - | - | - | 2,042 | 2,042 | 2,042 | 2,042 | 2,042 | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,211 | - | - | - | - | - | |
9905 |
-22,623 | 511 | -7,754 | -39,225 | -25,251 | 2,795 | 3,150 | 59,291 | 26,154 | 11,937 | 13,391 | 24,685 | 32,030 | 37,835 | 34,422 | 22,346 | 23,332 | 19,091 | 23,992 | 15,181 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-75,659 | -53,036 | -53,547 | -45,794 | -25,251 | 2,795 | 3,150 | 59,291 | 26,154 | 11,937 | 13,391 | 24,685 | 32,030 | 37,835 | 34,422 | 22,346 | 23,332 | 19,091 | 23,992 | 15,181 | |
14P |
-53,036 | -53,547 | -45,794 | -6,569 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | 18,683 | - | - | 3,808 | - | - | - | - | 150,000 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 2,795 | 3,150 | 63,100 | 26,154 | 11,937 | 13,391 | 24,685 | 32,030 | 37,835 | 34,422 | 22,346 | 23,332 | 19,091 | 23,992 | 15,181 | |
6920 |
- | - | - | - | - | - | - | - | 1,308 | 597 | 670 | 1,234 | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | 2,795 | 3,150 | 63,100 | 24,846 | 11,340 | 12,721 | 23,451 | 32,030 | 37,835 | 34,422 | 22,346 | 23,332 | 19,091 | 23,992 | 15,181 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 150,000 | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | 150,000 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.3 | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 408 | - | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-07-2026 | 2026-00317461 | |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00298056 | |
| 31-12-2023 | micro format | 28-07-2024 | 2024-00295038 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00282926 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20315746 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36500396 | |
| 31-12-2019 | micro format | 06-07-2020 | 2020-26600148 | |
| 31-12-2018 | micro format | 04-07-2019 | 2019-27900203 | |
| 31-12-2017 | micro format | 22-06-2018 | 2018-21000178 | |
| 31-12-2016 | micro format | 21-06-2017 | 2017-19400246 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-25900477 | |
| 31-12-2014 | abbreviated format | 24-06-2015 | 2015-20700494 | |
| 31-12-2013 | abbreviated format | 07-07-2014 | 2014-28500013 | |
| 31-12-2012 | abbreviated format | 25-06-2013 | 2013-21800265 | |
| 31-12-2011 | abbreviated format | 19-06-2012 | 2012-18900277 | |
| 31-12-2010 | abbreviated format | 06-06-2011 | 2011-14300137 | |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-22600151 | |
| 31-12-2008 | abbreviated format | 08-07-2009 | 2009-36700154 | |
| 31-12-2007 | abbreviated format | 26-06-2008 | 2008-28200342 | |
| 31-12-2006 | abbreviated format | 18-06-2007 | 2007-24500246 | |
| 31-12-2005 | abbreviated format | 26-06-2006 | 2006-30400713 | |
| 31-12-2004 | abbreviated format | 30-06-2005 | 2005-38202353 | |
| 31-12-2003 | abbreviated format | 29-06-2004 | 2004-34401749 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -143 | 16,849 | 5,293 | -25,711 | -12,613 | 17,306 | 15,452 | 93,500 | 50,034 | 32,232 | 30,474 | 47,327 | 50,427 | 58,181 | 58,458 | 39,489 | 35,809 | 46,483 | 47,384 | 37,713 | ||
| -4,133 | 16,723 | 5,196 | -27,033 | -14,495 | 12,394 | 11,970 | 66,156 | 32,461 | 22,512 | 23,982 | 35,071 | 39,990 | 48,685 | 56,768 | 32,483 | 34,145 | 37,817 | 39,393 | 29,760 | ||
| 36,091 | 3,575 | 35,956 | -4,800 | 10,198 | 53,598 | 15,249 | 2,787 | 0 | 920 | 16,942 | 18,799 | 1,468 | 21,021 | 24,710 | 0 | 19,511 | 6,073 | 22,336 | 4,374 | ||
| 15,807 | 3,608 | 1,496 | -52,115 | -5,048 | -17,840 | -66,754 | -49,199 | 65,971 | -9,862 | 13,917 | 9,361 | 76,336 | 12,357 | 3,406 | 16,922 | -12,645 | 20,223 | 32,292 | - | ||
| 83,043 | 123,267 | 103,399 | 134,159 | 156,392 | 181,085 | 222,290 | 225,569 | 297,199 | 264,738 | 243,146 | 234,064 | 83,750 | 196,186 | 162,175 | 129,309 | 101,176 | 86,415 | 63,006 | 35,194 | ||
| 67.6% | 78.3% | 72.6% | 80.7% | 83.1% | 89.9% | 92.9% | 75.1% | 90.8% | 94.1% | 83.9% | 84.6% | 34.2% | 83.1% | 84.1% | 83.5% | 77.5% | 48.8% | 43.4% | 34.3% | ||
| 2.17 | 3.61 | 2.61 | 4.16 | 4.55 | 7.64 | 13.22 | 3.87 | 10.40 | 15.63 | 5.63 | 6.00 | 1.42 | 5.56 | 6.10 | 5.98 | 4.53 | 2.49 | 2.25 | 1.54 | ||
| 1.43 | 2.29 | 1.28 | 1.94 | 3.16 | 5.47 | 9.06 | 2.94 | 8.52 | 12.35 | 4.70 | 4.85 | 1.06 | 4.88 | 5.28 | 4.90 | 3.68 | 1.75 | 1.84 | 1.22 | ||
| 0.48 | 0.28 | 0.38 | 0.24 | 0.20 | 0.11 | 0.08 | 0.33 | 0.10 | 0.06 | 0.19 | 0.18 | 1.90 | 0.19 | 0.17 | 0.20 | 0.29 | 1.05 | 1.30 | 1.91 | ||
| -15.3% | 0.3% | -4.6% | -22.1% | -11.6% | 1.2% | 1.3% | 25.1% | 8.4% | 4.2% | 4.1% | 8.6% | 28.6% | 15.9% | 22.5% | 15.2% | 18.8% | 18.9% | 29.3% | 26.2% | ||
| -10.3% | 0.2% | -3.3% | -17.8% | -9.7% | 1.0% | 1.2% | 18.8% | 7.6% | 3.9% | 3.5% | 7.3% | 9.8% | 13.2% | 18.9% | 12.7% | 14.5% | 9.2% | 12.7% | 9.0% | ||
| -1.26 | 13.53 | 4.06 | -20.78 | -6.47 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €36,091 | €3,575 | €35,956 | - | €10,198 |
| €18,490 | €16,212 | €12,950 | €12,192 | €10,756 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Marc Devriese
The operating result for 2025 is a loss of €18,633, after a profit of €637 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 21.7% to 32.4%. Equity is lower and debt is higher.