IAN MARCO: what changed
Two fiscal 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.
IAN MARCO
Largest movements
- Cash -€41,523
down €41,523 (-64.5%), from €64,334 to €22,811
mainly Receivables within one year (-€41,057) and Tax, wage and social debts (-€19,764)
- Receivables within one year +€41,057
up €41,057 (+2723.3%), from €1,508 to €42,565
of which Other amounts receivable: +€28,707
- Tangible fixed assets +€1,334
up €1,334 (+17.3%), from €7,709 to €9,043
of which Furniture and vehicles: +€1,650
- Reserves +€21,000
up €21,000 (+44.7%), from €47,000 to €68,000
- Tax, wage and social debts -€19,764
down €19,764 (-76.6%), from €25,811 to €6,047
of which Taxes: -€17,464
- Gross operating margin -€34,192
down €34,192 (-53.0%), from €64,524 to €30,332
- Taxes -€5,128
down €5,128 (-47.8%), from €10,734 to €5,606
- Depreciation +€1,180
up €1,180 (+47.5%), from €2,486 to €3,666
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.
Cash bridge derived
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 | €74,099 | €75,456 | +€1,357 | +1.8% |
| Fixed assets | 21/28 | €7,709 | €9,043 | +€1,334 | +17.3% |
| Tangible fixed assets | 22/27 | €7,709 | €9,043 | +€1,334 | +17.3% |
| Plant, machinery and equipment | 23 | €724 | €408 | -€317 | -43.7% |
| Furniture and vehicles | 24 | €6,985 | €8,635 | +€1,650 | +23.6% |
| Current assets | 29/58 | €66,389 | €66,413 | +€23 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,508 | €42,565 | +€41,057 | +2723.3% |
| Trade receivables | 40 | €250 | €12,600 | +€12,350 | +4941.0% |
| Other amounts receivable | 41 | €1,258 | €29,965 | +€28,707 | +2282.5% |
| Cash at bank and in hand | 54/58 | €64,334 | €22,811 | -€41,523 | -64.5% |
| Deferred charges and accrued income | 490/1 | €548 | €1,037 | +€489 | +89.4% |
| Total equity and liabilities | 10/49 | €74,099 | €75,456 | +€1,357 | +1.8% |
| Equity | 10/15 | €48,190 | €69,010 | +€20,820 | +43.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,000 | €68,000 | +€21,000 | +44.7% |
| Distributable reserves | 133 | €47,000 | €68,000 | +€21,000 | +44.7% |
| Profit (loss) carried forward | 14 | €190 | €10 | -€180 | -94.8% |
| Amounts payable | 17/49 | €25,908 | €6,446 | -€19,463 | -75.1% |
| Amounts payable within one year | 42/48 | €25,811 | €6,446 | -€19,366 | -75.0% |
| Trade debts | 44 | - | €398 | +€398 | |
| Suppliers | 440/4 | - | €398 | +€398 | |
| Taxes, remuneration and social security | 45 | €25,811 | €6,047 | -€19,764 | -76.6% |
| Taxes | 450/3 | €23,511 | €6,047 | -€17,464 | -74.3% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Accrued charges and deferred income | 492/3 | €97 | - | -€97 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,486 | €3,666 | +€1,180 | +47.5% |
| Other operating charges | 640/8 | €515 | €459 | -€56 | -10.9% |
| Non-recurring operating charges | 66A | €9,484 | - | -€9,484 | |
| Gross operating margin | 9900 | €64,524 | €30,332 | -€34,192 | -53.0% |
| Operating profit (loss) | 9901 | €52,039 | €26,206 | -€25,833 | -49.6% |
| Financial income | 75/76B | €16 | €517 | +€501 | +3075.6% |
| Recurring financial income | 75 | €16 | €517 | +€501 | +3075.6% |
| Financial charges | 65/66B | €238 | €298 | +€61 | +25.5% |
| Recurring financial charges | 65 | €238 | €298 | +€61 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €51,818 | €26,425 | -€25,393 | -49.0% |
| Income taxes | 67/77 | €10,734 | €5,606 | -€5,128 | -47.8% |
| Profit (loss) for the period | 9904 | €41,084 | €20,820 | -€20,264 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,084 | €20,820 | -€20,264 | -49.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.