FLEMINGS MARC: 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.
FLEMINGS MARC
Largest movements
- Cash +€223,124
up €223,124 (+832%), from €26,821 to €249,945
mainly Investment in fixed assets (net) (+€201,058) and Receivables within one year (+€48,216)
- Tangible fixed assets -€202,196
down €202,196 (-99.2%), from €203,875 to €1,679
of which Land and buildings: -€203,345
- Current investments +€62,868
new in 2025: €62,868
- Receivables within one year -€48,216
down €48,216 (-99.0%), from €48,702 to €486
- Profit (loss) carried forward +€36,801
up €36,801 (+51.0%), from -€72,197 to -€35,397
- Gross operating margin +€41,486
up €41,486, from -€1,687 to €39,798
- Depreciation -€8,134
down €8,134 (-87.7%), from €9,272 to €1,138
- Write-downs -€3,017
no longer reported in 2025 (was €3,017)
- Financial income -€2,716
down €2,716 (-85.6%), from €3,172 to €456
- Other operating charges -€1,839
down €1,839 (-47.7%), from €3,858 to €2,019
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 | €279,850 | €315,627 | +€35,777 | +12.8% |
| Fixed assets | 21/28 | €203,875 | €1,679 | -€202,196 | -99.2% |
| Tangible fixed assets | 22/27 | €203,875 | €1,679 | -€202,196 | -99.2% |
| Land and buildings | 22 | €203,345 | - | -€203,345 | |
| Plant, machinery and equipment | 23 | €529 | €1,679 | +€1,149 | +217% |
| Current assets | 29/58 | €75,976 | €313,948 | +€237,972 | +313% |
| Amounts receivable within one year | 40/41 | €48,702 | €486 | -€48,216 | -99.0% |
| Other amounts receivable | 41 | €48,702 | €486 | -€48,216 | -99.0% |
| Current investments | 50/53 | - | €62,868 | +€62,868 | |
| Cash at bank and in hand | 54/58 | €26,821 | €249,945 | +€223,124 | +832% |
| Deferred charges and accrued income | 490/1 | €453 | €649 | +€196 | +43.4% |
| Total equity and liabilities | 10/49 | €279,850 | €315,627 | +€35,777 | +12.8% |
| Equity | 10/15 | €277,467 | €314,268 | +€36,801 | +13.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €331,072 | €331,072 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €64,727 | +€62,868 | +3,381% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Own shares acquired | 1312 | - | €62,868 | +€62,868 | |
| Distributable reserves | 133 | €329,213 | €266,345 | -€62,868 | -19.1% |
| Profit (loss) carried forward | 14 | -€72,197 | -€35,397 | +€36,801 | +51.0% |
| Amounts payable | 17/49 | €2,383 | €1,359 | -€1,024 | -43.0% |
| Amounts payable within one year | 42/48 | €2,383 | €1,359 | -€1,024 | -43.0% |
| Trade debts | 44 | €2,383 | €1,359 | -€1,024 | -43.0% |
| Suppliers | 440/4 | €2,383 | €1,359 | -€1,024 | -43.0% |
| Non-recurring operating income | 76A | - | €67,993 | +€67,993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,272 | €1,138 | -€8,134 | -87.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,017 | - | -€3,017 | |
| Other operating charges | 640/8 | €3,858 | €2,019 | -€1,839 | -47.7% |
| Gross operating margin | 9900 | -€1,687 | €39,798 | +€41,486 | |
| Operating profit (loss) | 9901 | -€17,834 | €36,642 | +€54,476 | |
| Financial income | 75/76B | €3,172 | €456 | -€2,716 | -85.6% |
| Recurring financial income | 75 | €3,172 | €456 | -€2,716 | -85.6% |
| Financial charges | 65/66B | €106 | €80 | -€26 | -24.3% |
| Recurring financial charges | 65 | €106 | €80 | -€26 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,769 | €37,017 | +€51,786 | |
| Income taxes | 67/77 | €89 | €217 | +€128 | +144% |
| Profit (loss) for the period | 9904 | -€14,858 | €36,801 | +€51,658 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,858 | €36,801 | +€51,658 |
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 25 October 2026 via checked.be.