De Mars: what changed
What changed
De Mars
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€17,615
2024 · €21,531-€3,916
Equity
€222,915
2024 · €235,300-€12,385
Cash
€24,277
2024 · €13,074+€11,203
Balance sheet total
€444,356
2024 · €375,321+€69,036
Largest movements
Assets
- Stocks and contracts +€63,954
up €63,954 (+35.3%), from €181,321 to €245,274
- Tangible fixed assets -€14,598
down €14,598 (-9.8%), from €148,514 to €133,915
of which Furniture and vehicles: -€12,113
- Cash +€11,203
up €11,203 (+85.7%), from €13,074 to €24,277
mainly Other debts (+€75,607) and Depreciation (+€31,973)
- Receivables within one year +€9,710
up €9,710 (+31.4%), from €30,885 to €40,595
of which Other amounts receivable: +€8,432
Equity and liabilities
- Other debts +€75,607
up €75,607 (+195%), from €38,714 to €114,321
- Reserves -€12,500
down €12,500 (-7.3%), from €172,000 to €159,500
- Tax, wage and social debts +€7,802
up €7,802 (+53.9%), from €14,462 to €22,264
of which Taxes: +€7,441
- Debts after one year +€5,901
up €5,901 (+8.8%), from €67,178 to €73,078
- Trade debts -€5,850
down €5,850 (-84.5%), from €6,922 to €1,072
Income statement
- Gross operating margin +€20,835
up €20,835 (+36.5%), from €57,038 to €77,873
- Other operating charges +€9,501
up €9,501 (+1,466%), from €648 to €10,149
- Write-downs +€4,902
new in 2025: €4,902
- Taxes +€4,624
up €4,624 (+126%), from €3,676 to €8,300
- Depreciation +€4,312
up €4,312 (+15.6%), from €27,661 to €31,973
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
€21,531
Gross operating margin
+€20,835
Staff costs
-€1,027
Depreciation
-€4,312
Write-downs
-€4,902
Other operating charges
-€9,501
Financial income
+€108
Financial charges
-€492
Taxes
-€4,624
Result 2025
€17,615
raises the resultlowers the result
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
+€52,687
Investment
-€17,374
Financing
-€24,109
Cash 2024
€13,074
From operations (derived)
+€52,687
Net result for the year
+€17,615
Depreciation
+€31,973
Stocks and contracts
-€63,954
Receivables within one year
-€9,710
Deferred charges and accrued income
+€1,233
Trade debts
-€5,850
Tax, wage and social debts
+€7,802
Advances received
-€2,992
Other debts
+€75,607
Accrued charges and deferred income
+€962
Investment (derived)
-€17,374
Investment in fixed assets (net)
-€17,374
Financing
-€24,109
Debts after one year
+€5,901
Short-term financial debts
-€10
Contributions, distributions and other
-€30,000
Cash 2025
€24,277
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,321 | €444,356 | +€69,036 | +18.4% |
| Fixed assets | 21/28 | €148,514 | €133,915 | -€14,598 | -9.8% |
| Tangible fixed assets | 22/27 | €148,514 | €133,915 | -€14,598 | -9.8% |
| Land and buildings | 22 | €35,274 | €33,640 | -€1,635 | -4.6% |
| Plant, machinery and equipment | 23 | €53,554 | €52,972 | -€583 | -1.1% |
| Furniture and vehicles | 24 | €59,090 | €46,977 | -€12,113 | -20.5% |
| Other tangible fixed assets | 26 | €595 | €327 | -€268 | -45.1% |
| Current assets | 29/58 | €226,807 | €310,441 | +€83,634 | +36.9% |
| Stocks and contracts in progress | 3 | €181,321 | €245,274 | +€63,954 | +35.3% |
| Stocks | 30/36 | €181,321 | €245,274 | +€63,954 | +35.3% |
| Amounts receivable within one year | 40/41 | €30,885 | €40,595 | +€9,710 | +31.4% |
| Trade receivables | 40 | €5,855 | €7,134 | +€1,279 | +21.8% |
| Other amounts receivable | 41 | €25,029 | €33,461 | +€8,432 | +33.7% |
| Cash at bank and in hand | 54/58 | €13,074 | €24,277 | +€11,203 | +85.7% |
| Deferred charges and accrued income | 490/1 | €1,527 | €295 | -€1,233 | -80.7% |
| Total equity and liabilities | 10/49 | €375,321 | €444,356 | +€69,036 | +18.4% |
| Equity | 10/15 | €235,300 | €222,915 | -€12,385 | -5.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €172,000 | €159,500 | -€12,500 | -7.3% |
| Distributable reserves | 133 | €172,000 | €159,500 | -€12,500 | -7.3% |
| Profit (loss) carried forward | 14 | €43,300 | €43,415 | +€115 | +0.3% |
| Amounts payable | 17/49 | €140,021 | €221,442 | +€81,421 | +58.1% |
| Amounts payable after more than one year | 17 | €67,178 | €73,078 | +€5,901 | +8.8% |
| Other amounts payable | 178/9 | €67,178 | €73,078 | +€5,901 | +8.8% |
| Amounts payable within one year | 42/48 | €65,138 | €139,695 | +€74,557 | +114% |
| Financial debts | 43 | €1,726 | €1,715 | -€10 | -0.6% |
| Credit institutions | 430/8 | €1,726 | €1,715 | -€10 | -0.6% |
| Trade debts | 44 | €6,922 | €1,072 | -€5,850 | -84.5% |
| Suppliers | 440/4 | €6,922 | €1,072 | -€5,850 | -84.5% |
| Advances received on contracts in progress | 46 | €3,314 | €322 | -€2,992 | -90.3% |
| Taxes, remuneration and social security | 45 | €14,462 | €22,264 | +€7,802 | +53.9% |
| Taxes | 450/3 | €13,032 | €20,473 | +€7,441 | +57.1% |
| Remuneration and social security | 454/9 | €1,430 | €1,791 | +€361 | +25.2% |
| Other amounts payable | 47/48 | €38,714 | €114,321 | +€75,607 | +195% |
| Accrued charges and deferred income | 492/3 | €7,706 | €8,668 | +€962 | +12.5% |
| Remuneration, social security and pensions | 62 | €5,071 | €6,098 | +€1,027 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,661 | €31,973 | +€4,312 | +15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,902 | +€4,902 | |
| Other operating charges | 640/8 | €648 | €10,149 | +€9,501 | +1,466% |
| Gross operating margin | 9900 | €57,038 | €77,873 | +€20,835 | +36.5% |
| Operating profit (loss) | 9901 | €23,658 | €24,751 | +€1,093 | +4.6% |
| Financial income | 75/76B | €3,159 | €3,267 | +€108 | +3.4% |
| Recurring financial income | 75 | €3,159 | €3,267 | +€108 | +3.4% |
| Financial charges | 65/66B | €1,610 | €2,102 | +€492 | +30.6% |
| Recurring financial charges | 65 | €1,610 | €1,692 | +€82 | +5.1% |
| Non-recurring financial charges | 66B | - | €410 | +€410 | |
| Profit (loss) for the period before taxes | 9903 | €25,207 | €25,915 | +€708 | +2.8% |
| Income taxes | 67/77 | €3,676 | €8,300 | +€4,624 | +126% |
| Profit (loss) for the period | 9904 | €21,531 | €17,615 | -€3,916 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,531 | €17,615 | -€3,916 | -18.2% |
Next steps
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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 6 November 2026 via checked.be.