Dr. Marc Van Loon: 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. Marc Van Loon
Largest movements
- Cash -€104,664
down €104,664 (-50.1%), from €208,884 to €104,220
mainly Other debts (-€70,160) and Contributions, distributions and other (-€53,994)
- Tangible fixed assets -€15,244
down €15,244 (-31.4%), from €48,551 to €33,307
- Other debts -€70,160
down €70,160 (-62.3%), from €112,692 to €42,532
- Tax, wage and social debts -€48,931
down €48,931 (-72.8%), from €67,249 to €18,319
- Gross operating margin -€65,991
down €65,991 (-42.7%), from €154,513 to €88,522
- Taxes -€12,592
down €12,592 (-40.5%), from €31,100 to €18,508
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 | €359,021 | €240,586 | -€118,435 | -33.0% |
| Fixed assets | 21/28 | €48,551 | €33,307 | -€15,244 | -31.4% |
| Tangible fixed assets | 22/27 | €48,551 | €33,307 | -€15,244 | -31.4% |
| Furniture and vehicles | 24 | €48,551 | €33,307 | -€15,244 | -31.4% |
| Current assets | 29/58 | €310,470 | €207,280 | -€103,190 | -33.2% |
| Amounts receivable within one year | 40/41 | €100,642 | €101,600 | +€958 | +1.0% |
| Trade receivables | 40 | €642 | - | -€642 | |
| Other amounts receivable | 41 | €100,000 | €101,600 | +€1,600 | +1.6% |
| Cash at bank and in hand | 54/58 | €208,884 | €104,220 | -€104,664 | -50.1% |
| Deferred charges and accrued income | 490/1 | €944 | €1,460 | +€516 | +54.6% |
| Total equity and liabilities | 10/49 | €359,021 | €240,586 | -€118,435 | -33.0% |
| Equity | 10/15 | €178,819 | €178,819 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €173,819 | €173,819 | = | 0.0% |
| Distributable reserves | 133 | €173,819 | €173,819 | = | 0.0% |
| Amounts payable | 17/49 | €180,201 | €61,767 | -€118,435 | -65.7% |
| Amounts payable within one year | 42/48 | €180,201 | €61,767 | -€118,435 | -65.7% |
| Trade debts | 44 | €260 | €916 | +€656 | +252% |
| Suppliers | 440/4 | €260 | €916 | +€656 | +252% |
| Taxes, remuneration and social security | 45 | €67,249 | €18,319 | -€48,931 | -72.8% |
| Taxes | 450/3 | €67,249 | €18,319 | -€48,931 | -72.8% |
| Other amounts payable | 47/48 | €112,692 | €42,532 | -€70,160 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,650 | €15,244 | +€595 | +4.1% |
| Other operating charges | 640/8 | €1,929 | €2,144 | +€215 | +11.1% |
| Gross operating margin | 9900 | €154,513 | €88,522 | -€65,991 | -42.7% |
| Operating profit (loss) | 9901 | €137,935 | €71,134 | -€66,801 | -48.4% |
| Financial income | 75/76B | €1,440 | €1,440 | = | 0.0% |
| Recurring financial income | 75 | €1,440 | €1,440 | = | 0.0% |
| Financial charges | 65/66B | €94 | €72 | -€22 | -23.4% |
| Recurring financial charges | 65 | €94 | €72 | -€22 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €139,280 | €72,502 | -€66,778 | -47.9% |
| Income taxes | 67/77 | €31,100 | €18,508 | -€12,592 | -40.5% |
| Profit (loss) for the period | 9904 | €108,180 | €53,994 | -€54,187 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,180 | €53,994 | -€54,187 | -50.1% |
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 31 October 2026 via checked.be.