IMAGE DE MARC: 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.
IMAGE DE MARC
Largest movements
- Receivables within one year +€2,672
new in 2026: €2,672
- Tangible fixed assets -€1,882
down €1,882 (-37.8%), from €4,976 to €3,094
- Cash +€271
up €271 (+7.2%), from €3,745 to €4,016
mainly Depreciation (+€1,882) and Net result for the year (+€1,719)
- Profit (loss) carried forward +€1,719
up €1,719 (+1.3%), from -€136,404 to -€134,686
- Other debts -€782
down €782 (-0.6%), from €124,495 to €123,713
- Trade debts +€123
new in 2026: €123
- Gross operating margin +€3,205
up €3,205 (+352.6%), from €909 to €4,114
- Depreciation -€462
down €462 (-19.7%), from €2,344 to €1,882
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,721 | €9,781 | +€1,061 | +12.2% |
| Fixed assets | 21/28 | €4,976 | €3,094 | -€1,882 | -37.8% |
| Tangible fixed assets | 22/27 | €4,976 | €3,094 | -€1,882 | -37.8% |
| Furniture and vehicles | 24 | €4,976 | €3,094 | -€1,882 | -37.8% |
| Current assets | 29/58 | €3,745 | €6,688 | +€2,943 | +78.6% |
| Amounts receivable within one year | 40/41 | - | €2,672 | +€2,672 | |
| Trade receivables | 40 | - | €2,672 | +€2,672 | |
| Cash at bank and in hand | 54/58 | €3,745 | €4,016 | +€271 | +7.2% |
| Total equity and liabilities | 10/49 | €8,721 | €9,781 | +€1,061 | +12.2% |
| Equity | 10/15 | -€115,774 | -€114,055 | +€1,719 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,030 | €2,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,030 | €2,030 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,030 | €2,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,404 | -€134,686 | +€1,719 | +1.3% |
| Amounts payable | 17/49 | €124,495 | €123,837 | -€658 | -0.5% |
| Amounts payable within one year | 42/48 | €124,495 | €123,837 | -€658 | -0.5% |
| Trade debts | 44 | - | €123 | +€123 | |
| Suppliers | 440/4 | - | €123 | +€123 | |
| Other amounts payable | 47/48 | €124,495 | €123,713 | -€782 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,344 | €1,882 | -€462 | -19.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €909 | €4,114 | +€3,205 | +352.6% |
| Operating profit (loss) | 9901 | -€1,823 | €1,832 | +€3,654 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €99 | €114 | +€15 | +15.0% |
| Recurring financial charges | 65 | €99 | €114 | +€15 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,922 | €1,719 | +€3,640 | |
| Profit (loss) for the period | 9904 | -€1,922 | €1,719 | +€3,640 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,922 | €1,719 | +€3,640 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.