Apr. Marjan Van Cleemput: what changed
Apr. Marjan Van Cleemput
Largest movements
- Receivables within one year +€23,688
up €23,688 (+422%), from €5,608 to €29,296
of which Trade receivables: +€24,797
- Tangible fixed assets +€23,493
up €23,493 (+21,735%), from €108 to €23,601
of which Furniture and vehicles: +€21,408
- Cash -€20,584
down €20,584 (-58.8%), from €35,021 to €14,437
mainly Investment in fixed assets (net) (-€25,677) and Receivables within one year (-€23,688)
- Trade debts +€23,615
up €23,615 (+19,277%), from €123 to €23,737
- Other debts +€9,034
up €9,034 (+100%), from €9,017 to €18,050
- Reserves -€4,578
down €4,578 (-15.7%), from €29,223 to €24,645
- Tax, wage and social debts -€1,008
down €1,008 (-39.1%), from €2,580 to €1,572
- Gross operating margin +€7,142
up €7,142 (+39.2%), from €18,204 to €25,346
- Taxes +€3,708
up €3,708 (+170%), from €2,178 to €5,886
- Depreciation +€1,899
up €1,899 (+669%), from €284 to €2,183
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,042 | €68,105 | +€27,063 | +65.9% |
| Fixed assets | 21/28 | €108 | €23,601 | +€23,493 | +21,735% |
| Tangible fixed assets | 22/27 | €108 | €23,601 | +€23,493 | +21,735% |
| Plant, machinery and equipment | 23 | - | €2,085 | +€2,085 | |
| Furniture and vehicles | 24 | €108 | €21,516 | +€21,408 | +19,806% |
| Current assets | 29/58 | €40,934 | €44,504 | +€3,570 | +8.7% |
| Amounts receivable within one year | 40/41 | €5,608 | €29,296 | +€23,688 | +422% |
| Trade receivables | 40 | €3,410 | €28,207 | +€24,797 | +727% |
| Other amounts receivable | 41 | €2,198 | €1,089 | -€1,109 | -50.5% |
| Cash at bank and in hand | 54/58 | €35,021 | €14,437 | -€20,584 | -58.8% |
| Deferred charges and accrued income | 490/1 | €304 | €770 | +€466 | +153% |
| Total equity and liabilities | 10/49 | €41,042 | €68,105 | +€27,063 | +65.9% |
| Equity | 10/15 | €29,323 | €24,745 | -€4,578 | -15.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €29,223 | €24,645 | -€4,578 | -15.7% |
| Distributable reserves | 133 | €29,223 | €24,645 | -€4,578 | -15.7% |
| Amounts payable | 17/49 | €11,719 | €43,360 | +€31,641 | +270% |
| Amounts payable within one year | 42/48 | €11,719 | €43,360 | +€31,641 | +270% |
| Trade debts | 44 | €123 | €23,737 | +€23,615 | +19,277% |
| Suppliers | 440/4 | €123 | €23,737 | +€23,615 | +19,277% |
| Taxes, remuneration and social security | 45 | €2,580 | €1,572 | -€1,008 | -39.1% |
| Taxes | 450/3 | €2,580 | €1,572 | -€1,008 | -39.1% |
| Other amounts payable | 47/48 | €9,017 | €18,050 | +€9,034 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | €2,183 | +€1,899 | +669% |
| Other operating charges | 640/8 | €528 | €612 | +€84 | +16.0% |
| Gross operating margin | 9900 | €18,204 | €25,346 | +€7,142 | +39.2% |
| Operating profit (loss) | 9901 | €17,392 | €22,551 | +€5,158 | +29.7% |
| Financial income | 75/76B | €97 | €28 | -€70 | -71.7% |
| Recurring financial income | 75 | €97 | €28 | -€70 | -71.7% |
| Financial charges | 65/66B | €82 | €54 | -€28 | -34.1% |
| Recurring financial charges | 65 | €82 | €54 | -€28 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €17,408 | €22,524 | +€5,116 | +29.4% |
| Income taxes | 67/77 | €2,178 | €5,886 | +€3,708 | +170% |
| Profit (loss) for the period | 9904 | €15,230 | €16,638 | +€1,409 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,230 | €16,638 | +€1,409 | +9.2% |
Next steps
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.