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GUY MARECHAL: 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.

What changed

GUY MARECHAL

BE 0435.452.893
NACE 66.220, Insurance agents and brokers
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€120,293
2023 · €97,817+€22,475
Equity
€920,102
2023 · €799,809+€120,293
Cash
€98,049
2023 · €128,689-€30,640
Balance sheet total
€1.1m
2023 · €932,862+€183,358

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€281,766

    up €281,766 (+39.9%), from €705,852 to €987,618

    of which Other amounts receivable: +€307,212

  • Tangible fixed assets -€33,780

    down €33,780 (-53.7%), from €62,953 to €29,172

    of which Furniture and vehicles: -€32,469

  • Financial fixed assets -€31,793

    down €31,793 (-99.7%), from €31,879 to €86

  • Cash -€30,640

    down €30,640 (-23.8%), from €128,689 to €98,049

    mainly Receivables within one year (-€281,766)

Equity and liabilities
  • Reserves +€120,293

    up €120,293 (+15.4%), from €781,217 to €901,510

    of which Distributable reserves: +€120,293

  • Tax, wage and social debts +€31,556

    up €31,556 (+36.7%), from €86,050 to €117,606

    of which Taxes: +€37,713

  • Trade debts +€27,446

    up €27,446 (+101%), from €27,077 to €54,523

    of which Bills of exchange payable: +€25,886

Income statement
  • Turnover +€35,410

    up €35,410 (+5.6%), from €632,618 to €668,028

  • Depreciation +€27,308

    up €27,308 (+129%), from €21,197 to €48,505

  • Gross operating margin +€23,630

    up €23,630 (+6.5%), from €361,535 to €385,165

  • Taxes -€19,356

    down €19,356 (-22.6%), from €85,671 to €66,315

  • Purchases and services +€7,858

    up €7,858 (+2.9%), from €275,005 to €282,863

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €97,817
Gross operating margin +€23,630
Staff costs +€3,659
Depreciation -€27,308
Other operating charges +€2,996
Financial income -€9
Financial charges +€151
Taxes +€19,356
Result 2024 €120,293
raises the resultlowers the result

Derived cash bridge

cash 2023 to 2024

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.

From operations -€47,709
Investment +€17,069
Financing €0
Cash 2023 €128,689
Net result for the year +€120,293
Depreciation +€48,505
Receivables within one year -€281,766
Deferred charges and accrued income +€2,194
Trade debts +€27,446
Tax, wage and social debts +€31,556
Other debts +€4,063
Investment in fixed assets (net) +€17,069
Cash 2024 €98,049
brings cash intakes cash out
Every line side by side 48 lines
Line Code 2023 2024 Change %
Total assets 20/58 €932,862 €1,116,220 +€183,358 +19.7%
Fixed assets 21/28 €94,832 €29,258 -€65,574 -69.1%
Tangible fixed assets 22/27 €62,953 €29,172 -€33,780 -53.7%
Plant, machinery and equipment 23 €6,042 €4,731 -€1,311 -21.7%
Furniture and vehicles 24 €56,911 €24,441 -€32,469 -57.1%
Financial fixed assets 28 €31,879 €86 -€31,793 -99.7%
Current assets 29/58 €838,030 €1,086,962 +€248,932 +29.7%
Amounts receivable within one year 40/41 €705,852 €987,618 +€281,766 +39.9%
Trade receivables 40 €25,446 - -€25,446
Other amounts receivable 41 €680,406 €987,618 +€307,212 +45.2%
Cash at bank and in hand 54/58 €128,689 €98,049 -€30,640 -23.8%
Deferred charges and accrued income 490/1 €3,489 €1,295 -€2,194 -62.9%
Total equity and liabilities 10/49 €932,862 €1,116,220 +€183,358 +19.7%
Equity 10/15 €799,809 €920,102 +€120,293 +15.0%
Contributions 10/11 €18,592 €18,592 = 0.0%
Reserves 13 €781,217 €901,510 +€120,293 +15.4%
Non-distributable reserves 130/1 €1,859 €1,859 = 0.0%
Reserves not available under the articles 1311 €1,859 €1,859 = 0.0%
Distributable reserves 133 €779,358 €899,651 +€120,293 +15.4%
Provisions and deferred taxes 16 €13,344 €13,344 = 0.0%
Provisions for liabilities and charges 160/5 €13,344 €13,344 = 0.0%
Pensions and similar obligations 160 €13,344 €13,344 = 0.0%
Amounts payable 17/49 €119,708 €182,774 +€63,066 +52.7%
Amounts payable within one year 42/48 €118,667 €181,733 +€63,066 +53.1%
Current portion of amounts payable after more than one year 42 €0 €0 =
Trade debts 44 €27,077 €54,523 +€27,446 +101%
Suppliers 440/4 €27,077 €28,637 +€1,560 +5.8%
Bills of exchange payable 441 - €25,886 +€25,886
Taxes, remuneration and social security 45 €86,050 €117,606 +€31,556 +36.7%
Taxes 450/3 €55,711 €93,424 +€37,713 +67.7%
Remuneration and social security 454/9 €30,339 €24,182 -€6,157 -20.3%
Other amounts payable 47/48 €5,540 €9,604 +€4,063 +73.3%
Accrued charges and deferred income 492/3 €1,041 €1,041 = 0.0%
Turnover 70 €632,618 €668,028 +€35,410 +5.6%
Goods, raw materials, services and sundry goods 60/61 €275,005 €282,863 +€7,858 +2.9%
Remuneration, social security and pensions 62 €148,184 €144,524 -€3,659 -2.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €21,197 €48,505 +€27,308 +129%
Other operating charges 640/8 €7,166 €4,170 -€2,996 -41.8%
Gross operating margin 9900 €361,535 €385,165 +€23,630 +6.5%
Operating profit (loss) 9901 €184,988 €187,966 +€2,977 +1.6%
Financial income 75/76B €9 €0 -€9 -99.6%
Recurring financial income 75 €9 €0 -€9 -99.6%
Financial charges 65/66B €1,509 €1,358 -€151 -10.0%
Recurring financial charges 65 €1,509 €1,358 -€151 -10.0%
Profit (loss) for the period before taxes 9903 €183,488 €186,608 +€3,120 +1.7%
Income taxes 67/77 €85,671 €66,315 -€19,356 -22.6%
Profit (loss) for the period 9904 €97,817 €120,293 +€22,475 +23.0%
Profit (loss) for the period to be appropriated 9905 €97,817 €120,293 +€22,475 +23.0%

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.