Dr. Guy Marcq: 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.
Dr. Guy Marcq
Largest movements
- Cash +€14,092
up €14,092 (+47.8%), from €29,483 to €43,575
mainly Net result for the year (+€14,392) and Depreciation (+€13,821)
- Tangible fixed assets -€13,821
down €13,821 (-17.6%), from €78,712 to €64,892
- Debts after one year -€14,610
down €14,610 (-17.7%), from €82,597 to €67,987
- Profit (loss) carried forward +€9,914
up €9,914, from -€9,914 to €0
- Reserves +€4,479
up €4,479 (+517%), from €866 to €5,345
of which Distributable reserves: +€5,345
- Trade debts +€2,197
up €2,197 (+92.1%), from €2,385 to €4,582
- Tax, wage and social debts -€1,177
down €1,177 (-46.5%), from €2,529 to €1,352
- Gross operating margin +€6,857
up €6,857 (+18.2%), from €37,590 to €44,447
- Taxes +€2,075
up €2,075 (+39.3%), from €5,281 to €7,356
- Financial charges -€570
down €570 (-9.8%), from €5,796 to €5,226
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,169 | €112,476 | +€1,306 | +1.2% |
| Fixed assets | 21/28 | €78,712 | €64,892 | -€13,821 | -17.6% |
| Tangible fixed assets | 22/27 | €78,712 | €64,892 | -€13,821 | -17.6% |
| Land and buildings | 22 | €78,712 | €64,892 | -€13,821 | -17.6% |
| Current assets | 29/58 | €32,457 | €47,584 | +€15,127 | +46.6% |
| Amounts receivable within one year | 40/41 | €1,007 | €1,451 | +€444 | +44.1% |
| Trade receivables | 40 | €511 | €701 | +€190 | +37.1% |
| Other amounts receivable | 41 | €495 | €750 | +€255 | +51.4% |
| Cash at bank and in hand | 54/58 | €29,483 | €43,575 | +€14,092 | +47.8% |
| Deferred charges and accrued income | 490/1 | €1,967 | €2,558 | +€591 | +30.0% |
| Total equity and liabilities | 10/49 | €111,169 | €112,476 | +€1,306 | +1.2% |
| Equity | 10/15 | €9,553 | €23,945 | +€14,392 | +151% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €866 | €5,345 | +€4,479 | +517% |
| Non-distributable reserves | 130/1 | €866 | €0 | -€866 | -100% |
| Reserves not available under the articles | 1311 | €866 | €0 | -€866 | -100% |
| Distributable reserves | 133 | - | €5,345 | +€5,345 | |
| Profit (loss) carried forward | 14 | -€9,914 | €0 | +€9,914 | |
| Amounts payable | 17/49 | €101,617 | €88,531 | -€13,086 | -12.9% |
| Amounts payable after more than one year | 17 | €82,597 | €67,987 | -€14,610 | -17.7% |
| Financial debts | 170/4 | €82,597 | €67,987 | -€14,610 | -17.7% |
| Amounts payable within one year | 42/48 | €19,019 | €20,544 | +€1,524 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €13,864 | €14,610 | +€746 | +5.4% |
| Trade debts | 44 | €2,385 | €4,582 | +€2,197 | +92.1% |
| Suppliers | 440/4 | €2,385 | €4,582 | +€2,197 | +92.1% |
| Taxes, remuneration and social security | 45 | €2,529 | €1,352 | -€1,177 | -46.5% |
| Taxes | 450/3 | €2,529 | €1,352 | -€1,177 | -46.5% |
| Other amounts payable | 47/48 | €241 | €0 | -€241 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,821 | €13,821 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,614 | €3,689 | +€74 | +2.1% |
| Gross operating margin | 9900 | €37,590 | €44,447 | +€6,857 | +18.2% |
| Operating profit (loss) | 9901 | €20,155 | €26,938 | +€6,783 | +33.7% |
| Financial income | 75/76B | €16 | €36 | +€20 | +123% |
| Recurring financial income | 75 | €16 | €36 | +€20 | +123% |
| Financial charges | 65/66B | €5,796 | €5,226 | -€570 | -9.8% |
| Recurring financial charges | 65 | €5,796 | €5,226 | -€570 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €14,375 | €21,748 | +€7,373 | +51.3% |
| Income taxes | 67/77 | €5,281 | €7,356 | +€2,075 | +39.3% |
| Profit (loss) for the period | 9904 | €9,094 | €14,392 | +€5,298 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,094 | €14,392 | +€5,298 | +58.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.