ALGEMENE BOUWONDERNEMING MARCOEN: 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.
ALGEMENE BOUWONDERNEMING MARCOEN
Largest movements
- Cash +€31,481
up €31,481 (+15.9%), from €197,458 to €228,939
mainly Net result for the year (+€18,170) and Depreciation (+€7,661)
- Tangible fixed assets -€7,661
down €7,661 (-50.0%), from €15,322 to €7,661
- Stocks and contracts +€3,349
new in 2025: €3,349
- Profit (loss) carried forward +€18,170
up €18,170 (+56.4%), from -€32,198 to -€14,028
- Trade debts +€3,822
up €3,822 (+353%), from €1,083 to €4,905
- Other debts +€3,183
up €3,183 (+13.8%), from €23,046 to €26,228
- Gross operating margin +€9,879
up €9,879 (+58.8%), from €16,813 to €26,692
- Other operating charges -€336
down €336 (-34.0%), from €989 to €652
- Financial charges -€311
down €311 (-59.8%), from €520 to €209
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 | €266,725 | €291,899 | +€25,174 | +9.4% |
| Fixed assets | 21/28 | €15,322 | €7,661 | -€7,661 | -50.0% |
| Tangible fixed assets | 22/27 | €15,322 | €7,661 | -€7,661 | -50.0% |
| Furniture and vehicles | 24 | €15,322 | €7,661 | -€7,661 | -50.0% |
| Current assets | 29/58 | €251,403 | €284,238 | +€32,835 | +13.1% |
| Stocks and contracts in progress | 3 | - | €3,349 | +€3,349 | |
| Stocks | 30/36 | - | €3,349 | +€3,349 | |
| Amounts receivable within one year | 40/41 | €635 | - | -€635 | |
| Other amounts receivable | 41 | €635 | - | -€635 | |
| Current investments | 50/53 | €50,882 | €50,882 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €197,458 | €228,939 | +€31,481 | +15.9% |
| Deferred charges and accrued income | 490/1 | €2,428 | €1,069 | -€1,359 | -56.0% |
| Total equity and liabilities | 10/49 | €266,725 | €291,899 | +€25,174 | +9.4% |
| Equity | 10/15 | €242,595 | €260,765 | +€18,170 | +7.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €212,820 | €212,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,571 | €26,571 | = | 0.0% |
| Distributable reserves | 133 | €180,052 | €180,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,198 | -€14,028 | +€18,170 | +56.4% |
| Amounts payable | 17/49 | €24,129 | €31,134 | +€7,005 | +29.0% |
| Amounts payable within one year | 42/48 | €24,129 | €31,134 | +€7,005 | +29.0% |
| Trade debts | 44 | €1,083 | €4,905 | +€3,822 | +353% |
| Suppliers | 440/4 | €1,083 | €4,905 | +€3,822 | +353% |
| Other amounts payable | 47/48 | €23,046 | €26,228 | +€3,183 | +13.8% |
| Non-recurring operating income | 76A | - | €36,150 | +€36,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,661 | €7,661 | = | 0.0% |
| Other operating charges | 640/8 | €989 | €652 | -€336 | -34.0% |
| Non-recurring operating charges | 66A | €4,045 | - | -€4,045 | |
| Gross operating margin | 9900 | €16,813 | €26,692 | +€9,879 | +58.8% |
| Operating profit (loss) | 9901 | €4,119 | €18,379 | +€14,260 | +346% |
| Financial charges | 65/66B | €520 | €209 | -€311 | -59.8% |
| Recurring financial charges | 65 | €520 | €209 | -€311 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €3,598 | €18,170 | +€14,572 | +405% |
| Profit (loss) for the period | 9904 | €3,598 | €18,170 | +€14,572 | +405% |
| Profit (loss) for the period to be appropriated | 9905 | €3,598 | €18,170 | +€14,572 | +405% |
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 28 October 2026 via checked.be.