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DR. MARC DAENEN: what changed

What changed

DR. MARC DAENEN

BE 0874.097.682
NACE 74.999, Other professional, scientific and technical activities
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€299,428
31-12-2024 · €218,263+€81,165
Equity
€1.0m
31-12-2024 · €1.1m-€102,932
Cash
€200,337
31-12-2024 · €373,189-€172,852
Balance sheet total
€1.1m
31-12-2024 · €1.3m-€239,868

Largest movements

31-12-2024 to 31-12-2025
Assets
  • Cash -€172,852

    down €172,852 (-46.3%), from €373,189 to €200,337

    mainly Contributions, distributions and other (-€402,360) and Receivables within one year (-€110,213)

  • Current investments -€120,080

    down €120,080 (-28.4%), from €422,673 to €302,593

  • Receivables within one year +€110,213

    up €110,213 (+657%), from €16,767 to €126,980

    of which Other amounts receivable: +€116,757

  • Deferred charges and accrued income -€32,782

    down €32,782 (-13.1%), from €250,743 to €217,961

  • Tangible fixed assets -€24,366

    down €24,366 (-9.5%), from €255,442 to €231,075

    of which Furniture and vehicles: -€15,701

Equity and liabilities
  • Reserves -€102,932

    down €102,932 (-9.2%), from €1.1m to €1.0m

    of which Distributable reserves: -€102,932

  • Debts after one year -€91,801

    no longer reported in 2025 (was €91,801)

  • Tax, wage and social debts -€25,431

    down €25,431 (-36.5%), from €69,607 to €44,176

  • Current portion of long-term debt -€18,418

    no longer reported in 2025 (was €18,418)

Income statement
  • Financial income +€61,253

    up €61,253 (+818%), from €7,488 to €68,742

  • Gross operating margin +€36,979

    up €36,979 (+10.9%), from €339,230 to €376,209

  • Taxes +€15,419

    up €15,419 (+15.9%), from €97,252 to €112,671

Change in the result, 31-12-2024 to 31-12-2025

effect on the result

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 31-12-2024 €218,263
Gross operating margin +€36,979
Depreciation +€57
Other operating charges -€600
Financial income +€61,253
Financial charges -€1,104
Taxes -€15,419
Result 31-12-2025 €299,428
raises the resultlowers the result

Derived cash bridge

cash 31-12-2024 to 31-12-2025

The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.

From operations +€219,646
Investment +€120,080
Financing -€512,578
Cash 31-12-2024 €373,189
Net result for the year +€299,428
Depreciation +€24,366
Receivables within one year -€110,213
Deferred charges and accrued income +€32,782
Trade debts -€1,292
Tax, wage and social debts -€25,431
Accrued charges and deferred income +€6
Current investments +€120,080
Debts after one year -€91,801
Current portion of long-term debt -€18,418
Contributions, distributions and other -€402,360
Cash 31-12-2025 €200,337
brings cash intakes cash out
Every line side by side 41 lines
Line Code 31-12-2024 31-12-2025 Change %
Total assets 20/58 €1,319,276 €1,079,408 -€239,868 -18.2%
Fixed assets 21/28 €255,904 €231,537 -€24,366 -9.5%
Tangible fixed assets 22/27 €255,442 €231,075 -€24,366 -9.5%
Land and buildings 22 €238,574 €229,908 -€8,665 -3.6%
Furniture and vehicles 24 €16,868 €1,167 -€15,701 -93.1%
Financial fixed assets 28 €462 €462 = 0.0%
Current assets 29/58 €1,063,372 €847,871 -€215,501 -20.3%
Amounts receivable within one year 40/41 €16,767 €126,980 +€110,213 +657%
Trade receivables 40 €8,153 €1,609 -€6,544 -80.3%
Other amounts receivable 41 €8,613 €125,370 +€116,757 +1,356%
Current investments 50/53 €422,673 €302,593 -€120,080 -28.4%
Cash at bank and in hand 54/58 €373,189 €200,337 -€172,852 -46.3%
Deferred charges and accrued income 490/1 €250,743 €217,961 -€32,782 -13.1%
Total equity and liabilities 10/49 €1,319,276 €1,079,408 -€239,868 -18.2%
Equity 10/15 €1,134,038 €1,031,106 -€102,932 -9.1%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €1,121,638 €1,018,706 -€102,932 -9.2%
Tax-exempt reserves 132 €8,181 €8,181 = 0.0%
Distributable reserves 133 €1,113,458 €1,010,526 -€102,932 -9.2%
Amounts payable 17/49 €185,237 €48,302 -€136,936 -73.9%
Amounts payable after more than one year 17 €91,801 - -€91,801
Financial debts 170/4 €91,801 - -€91,801
Amounts payable within one year 42/48 €93,256 €48,115 -€45,141 -48.4%
Current portion of amounts payable after more than one year 42 €18,418 - -€18,418
Trade debts 44 €5,231 €3,939 -€1,292 -24.7%
Suppliers 440/4 €5,231 €3,939 -€1,292 -24.7%
Taxes, remuneration and social security 45 €69,607 €44,176 -€25,431 -36.5%
Taxes 450/3 €69,607 €44,176 -€25,431 -36.5%
Accrued charges and deferred income 492/3 €181 €187 +€6 +3.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €24,423 €24,366 -€57 -0.2%
Other operating charges 640/8 €3,910 €4,510 +€600 +15.4%
Gross operating margin 9900 €339,230 €376,209 +€36,979 +10.9%
Operating profit (loss) 9901 €310,897 €347,332 +€36,435 +11.7%
Financial income 75/76B €7,488 €68,742 +€61,253 +818%
Recurring financial income 75 €7,488 €68,742 +€61,253 +818%
Financial charges 65/66B €2,870 €3,975 +€1,104 +38.5%
Recurring financial charges 65 €2,870 €3,975 +€1,104 +38.5%
Profit (loss) for the period before taxes 9903 €315,515 €412,099 +€96,584 +30.6%
Income taxes 67/77 €97,252 €112,671 +€15,419 +15.9%
Profit (loss) for the period 9904 €218,263 €299,428 +€81,165 +37.2%
Profit (loss) for the period to be appropriated 9905 €218,263 €299,428 +€81,165 +37.2%
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.