AC Marca Belgium: what changed
What changed
AC Marca Belgium
NACE 72.101, Research and development on biotechnology
filed annual accounts (NBB)
Net result for the year
-€562,380
2024 · -€713,484+€151,104
Equity
-€988,844
2024 · -€426,463-€562,381
Cash
€356,408
2024 · €285,981+€70,427
Balance sheet total
€2.2m
2024 · €1.9m+€287,316
Largest movements
Assets
- Stocks and contracts +€157,863
up €157,863 (+28.3%), from €558,198 to €716,061
- Receivables within one year +€106,653
up €106,653 (+12.8%), from €836,158 to €942,811
of which Trade receivables: +€87,675
- Cash +€70,427
up €70,427 (+24.6%), from €285,981 to €356,408
mainly Trade debts (+€878,485) and Depreciation (+€50,533)
- Intangible fixed assets -€49,944
down €49,944 (-22.2%), from €225,000 to €175,056
Equity and liabilities
- Trade debts +€878,485
up €878,485 (+40.7%), from €2.2m to €3.0m
- Profit (loss) carried forward -€562,381
down €562,381 (-18.0%), from -€3.1m to -€3.7m
- Tax, wage and social debts -€28,788
down €28,788 (-16.3%), from €176,995 to €148,207
of which Remuneration and social security: -€15,934
Income statement
- Gross operating margin +€396,464
up €396,464 (+5,242%), from €7,563 to €404,027
- Depreciation +€49,954
up €49,954 (+8,628%), from €579 to €50,533
- Staff costs +€37,937
up €37,937 (+5.8%), from €659,111 to €697,048
- Other operating charges +€37,559
up €37,559 (+19,461%), from €193 to €37,752
- Financial charges -€8,008
down €8,008 (-18.3%), from €43,664 to €35,656
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€713,484
Gross operating margin
+€396,464
Staff costs
-€37,937
Depreciation
-€49,954
Write-downs
-€7,313
Other operating charges
-€37,559
Other operating items
-€120,306
Financial income
-€156
Financial charges
+€8,008
Taxes
-€143
Result 2025
-€562,380
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€70,428
Investment
-€0
Financing
-€0
Cash 2024
€285,981
From operations (derived)
+€70,428
Net result for the year
-€562,380
Depreciation
+€50,533
Stocks and contracts
-€157,863
Receivables within one year
-€106,653
Deferred charges and accrued income
-€2,907
Trade debts
+€878,485
Tax, wage and social debts
-€28,788
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€356,408
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,910,656 | €2,197,972 | +€287,316 | +15.0% |
| Fixed assets | 21/28 | €228,081 | €177,548 | -€50,533 | -22.2% |
| Intangible fixed assets | 21 | €225,000 | €175,056 | -€49,944 | -22.2% |
| Tangible fixed assets | 22/27 | €1,131 | €542 | -€589 | -52.0% |
| Furniture and vehicles | 24 | €1,131 | €542 | -€589 | -52.0% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €1,682,575 | €2,020,424 | +€337,849 | +20.1% |
| Stocks and contracts in progress | 3 | €558,198 | €716,061 | +€157,863 | +28.3% |
| Stocks | 30/36 | €558,198 | €716,061 | +€157,863 | +28.3% |
| Amounts receivable within one year | 40/41 | €836,158 | €942,811 | +€106,653 | +12.8% |
| Trade receivables | 40 | €836,158 | €923,833 | +€87,675 | +10.5% |
| Other amounts receivable | 41 | - | €18,978 | +€18,978 | |
| Cash at bank and in hand | 54/58 | €285,981 | €356,408 | +€70,427 | +24.6% |
| Deferred charges and accrued income | 490/1 | €2,238 | €5,145 | +€2,907 | +130% |
| Total equity and liabilities | 10/49 | €1,910,656 | €2,197,972 | +€287,316 | +15.0% |
| Equity | 10/15 | -€426,463 | -€988,844 | -€562,381 | -132% |
| Contributions | 10/11 | €2,695,000 | €2,695,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,131,463 | -€3,693,844 | -€562,381 | -18.0% |
| Amounts payable | 17/49 | €2,337,119 | €3,186,816 | +€849,697 | +36.4% |
| Amounts payable within one year | 42/48 | €2,337,119 | €3,186,816 | +€849,697 | +36.4% |
| Trade debts | 44 | €2,160,124 | €3,038,609 | +€878,485 | +40.7% |
| Suppliers | 440/4 | €2,160,124 | €3,038,609 | +€878,485 | +40.7% |
| Taxes, remuneration and social security | 45 | €176,995 | €148,207 | -€28,788 | -16.3% |
| Taxes | 450/3 | €39,887 | €27,033 | -€12,854 | -32.2% |
| Remuneration and social security | 454/9 | €137,108 | €121,174 | -€15,934 | -11.6% |
| Non-recurring operating income | 76A | €25,541 | €89,745 | +€64,204 | +251% |
| Remuneration, social security and pensions | 62 | €659,111 | €697,048 | +€37,937 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €50,533 | +€49,954 | +8,628% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,248 | -€5,935 | +€7,313 | +55.2% |
| Other operating charges | 640/8 | €193 | €37,752 | +€37,559 | +19,461% |
| Non-recurring operating charges | 66A | €30,209 | €150,515 | +€120,306 | +398% |
| Gross operating margin | 9900 | €7,563 | €404,027 | +€396,464 | +5,242% |
| Operating profit (loss) | 9901 | -€669,281 | -€525,886 | +€143,395 | +21.4% |
| Financial income | 75/76B | €219 | €63 | -€156 | -71.3% |
| Recurring financial income | 75 | €219 | €63 | -€156 | -71.3% |
| Financial charges | 65/66B | €43,664 | €35,656 | -€8,008 | -18.3% |
| Recurring financial charges | 65 | €43,664 | €35,656 | -€8,008 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€712,726 | -€561,479 | +€151,247 | +21.2% |
| Income taxes | 67/77 | €758 | €901 | +€143 | +18.9% |
| Profit (loss) for the period | 9904 | -€713,484 | -€562,380 | +€151,104 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€713,484 | -€562,380 | +€151,104 | +21.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.