AFFICHES MARCI: what changed
What changed
AFFICHES MARCI
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€104,039
2024 · -€135,241+€31,202
Equity
-€759,202
2024 · -€655,163-€104,039
Cash
€19,550
2024 · €96,155-€76,605
Balance sheet total
€2.7m
2024 · €3.0m-€338,658
Largest movements
Assets
- Tangible fixed assets -€352,379
down €352,379 (-12.2%), from €2.9m to €2.5m
of which Land and buildings: -€260,067
- Receivables within one year +€91,017
up €91,017 (+591%), from €15,402 to €106,420
of which Trade receivables: +€98,170
- Cash -€76,605
down €76,605 (-79.7%), from €96,155 to €19,550
mainly Debts after one year (-€243,147) and Net result for the year (-€104,039)
Equity and liabilities
- Debts after one year -€243,147
down €243,147 (-6.9%), from €3.5m to €3.3m
of which Financial debts: -€244,436
- Profit (loss) carried forward -€104,039
down €104,039 (-13.8%), from -€753,763 to -€857,802
Income statement
- Gross operating margin +€84,332
up €84,332 (+41.6%), from €202,729 to €287,061
- Staff costs +€47,801
up €47,801 (+1,160%), from €4,122 to €51,923
- Other operating charges -€6,976
down €6,976 (-13.8%), from €50,457 to €43,481
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
-€135,241
Gross operating margin
+€84,332
Staff costs
-€47,801
Depreciation
-€1,673
Other operating charges
+€6,976
Other operating items
-€10,067
Financial income
+€1
Financial charges
-€887
Taxes
+€322
Result 2025
-€104,039
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
+€36,829
Investment
+€135,155
Financing
-€248,589
Cash 2024
€96,155
From operations (derived)
+€36,829
Net result for the year
-€104,039
Depreciation
+€217,641
Receivables within one year
-€91,017
Smaller working-capital items
+€248
Trade debts
+€23,868
Tax, wage and social debts
-€4,872
Accrued charges and deferred income
-€5,000
Investment (derived)
+€135,155
Investment in fixed assets (net)
+€135,155
Financing
-€248,589
Debts after one year
-€243,147
Current portion of long-term debt
-€5,442
Cash 2025
€19,550
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,995,657 | €2,656,999 | -€338,658 | -11.3% |
| Fixed assets | 21/28 | €2,883,183 | €2,530,386 | -€352,796 | -12.2% |
| Intangible fixed assets | 21 | €417 | - | -€417 | |
| Tangible fixed assets | 22/27 | €2,882,626 | €2,530,246 | -€352,379 | -12.2% |
| Land and buildings | 22 | €260,067 | - | -€260,067 | |
| Plant, machinery and equipment | 23 | €10,047 | €7,060 | -€2,987 | -29.7% |
| Furniture and vehicles | 24 | €204,446 | €163,791 | -€40,656 | -19.9% |
| Leasing and similar rights | 25 | €1,977,267 | €1,887,506 | -€89,761 | -4.5% |
| Other tangible fixed assets | 26 | €430,798 | €471,890 | +€41,093 | +9.5% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €112,474 | €126,613 | +€14,139 | +12.6% |
| Amounts receivable within one year | 40/41 | €15,402 | €106,420 | +€91,017 | +591% |
| Trade receivables | 40 | €7,953 | €106,123 | +€98,170 | +1,234% |
| Other amounts receivable | 41 | €7,449 | €296 | -€7,153 | -96.0% |
| Cash at bank and in hand | 54/58 | €96,155 | €19,550 | -€76,605 | -79.7% |
| Deferred charges and accrued income | 490/1 | €917 | €643 | -€274 | -29.8% |
| Total equity and liabilities | 10/49 | €2,995,657 | €2,656,999 | -€338,658 | -11.3% |
| Equity | 10/15 | -€655,163 | -€759,202 | -€104,039 | -15.9% |
| Contributions | 10/11 | €98,600 | €98,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€753,763 | -€857,802 | -€104,039 | -13.8% |
| Amounts payable | 17/49 | €3,650,821 | €3,416,202 | -€234,619 | -6.4% |
| Amounts payable after more than one year | 17 | €3,509,972 | €3,266,825 | -€243,147 | -6.9% |
| Financial debts | 170/4 | €2,614,809 | €2,370,374 | -€244,436 | -9.3% |
| Other amounts payable | 178/9 | €895,163 | €896,451 | +€1,289 | +0.1% |
| Amounts payable within one year | 42/48 | €135,849 | €149,377 | +€13,528 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €67,790 | €62,348 | -€5,442 | -8.0% |
| Trade debts | 44 | €21,296 | €45,164 | +€23,868 | +112% |
| Suppliers | 440/4 | €21,296 | €45,164 | +€23,868 | +112% |
| Taxes, remuneration and social security | 45 | €43,059 | €38,187 | -€4,872 | -11.3% |
| Taxes | 450/3 | €43,059 | €35,703 | -€7,356 | -17.1% |
| Remuneration and social security | 454/9 | - | €2,484 | +€2,484 | |
| Other amounts payable | 47/48 | €3,703 | €3,678 | -€25 | -0.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Non-recurring operating income | 76A | €6,754 | - | -€6,754 | |
| Remuneration, social security and pensions | 62 | €4,122 | €51,923 | +€47,801 | +1,160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,967 | €217,641 | +€1,673 | +0.8% |
| Other operating charges | 640/8 | €50,457 | €43,481 | -€6,976 | -13.8% |
| Non-recurring operating charges | 66A | - | €10,067 | +€10,067 | |
| Gross operating margin | 9900 | €202,729 | €287,061 | +€84,332 | +41.6% |
| Operating profit (loss) | 9901 | -€67,818 | -€36,052 | +€31,766 | +46.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +11,800% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +11,800% |
| Financial charges | 65/66B | €67,100 | €67,987 | +€887 | +1.3% |
| Recurring financial charges | 65 | €67,100 | €67,987 | +€887 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€134,917 | -€104,037 | +€30,880 | +22.9% |
| Income taxes | 67/77 | €324 | €2 | -€322 | -99.5% |
| Profit (loss) for the period | 9904 | -€135,241 | -€104,039 | +€31,202 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€135,241 | -€104,039 | +€31,202 | +23.1% |
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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 5 November 2026 via checked.be.