IMAGES DE MARC: what changed
IMAGES DE MARC
Largest movements
- Receivables within one year -€10,234
down €10,234 (-12.9%), from €79,324 to €69,090
of which Trade receivables: -€11,730
- Cash -€2,059
down €2,059 (-4.4%), from €47,319 to €45,260
mainly Net result for the year (-€14,930) and Investment in fixed assets (net) (-€1,043)
- Reserves -€14,880
down €14,880 (-13.4%), from €110,737 to €95,857
- Tax, wage and social debts +€3,949
up €3,949 (+76.5%), from €5,164 to €9,113
of which Taxes: +€2,949
- Gross operating margin -€35,131
down €35,131, from €18,993 to -€16,138
- Taxes -€6,231
down €6,231 (-96.5%), from €6,459 to €228
- Other operating charges -€705
down €705 (-32.0%), from €2,206 to €1,500
- Financial charges -€486
down €486 (-85.3%), from €569 to €84
- Depreciation +€281
up €281 (+65.5%), from €429 to €710
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,531 | €115,716 | -€11,815 | -9.3% |
| Fixed assets | 21/28 | €762 | €1,096 | +€333 | +43.7% |
| Tangible fixed assets | 22/27 | €762 | €1,096 | +€333 | +43.7% |
| Furniture and vehicles | 24 | €762 | €1,096 | +€333 | +43.7% |
| Current assets | 29/58 | €126,769 | €114,620 | -€12,148 | -9.6% |
| Amounts receivable within one year | 40/41 | €79,324 | €69,090 | -€10,234 | -12.9% |
| Trade receivables | 40 | €19,253 | €7,523 | -€11,730 | -60.9% |
| Other amounts receivable | 41 | €60,071 | €61,567 | +€1,496 | +2.5% |
| Cash at bank and in hand | 54/58 | €47,319 | €45,260 | -€2,059 | -4.4% |
| Deferred charges and accrued income | 490/1 | €126 | €270 | +€144 | +115% |
| Total equity and liabilities | 10/49 | €127,531 | €115,716 | -€11,815 | -9.3% |
| Equity | 10/15 | €118,970 | €104,090 | -€14,880 | -12.5% |
| Contributions | 10/11 | €8,233 | €8,233 | = | 0.0% |
| Contributions outside capital | 11 | €8,233 | €8,233 | = | 0.0% |
| Other | 1109/19 | €8,233 | €8,233 | = | 0.0% |
| Reserves | 13 | €110,737 | €95,857 | -€14,880 | -13.4% |
| Distributable reserves | 133 | €110,737 | €95,857 | -€14,880 | -13.4% |
| Amounts payable | 17/49 | €8,561 | €11,626 | +€3,065 | +35.8% |
| Amounts payable within one year | 42/48 | €8,561 | €11,626 | +€3,065 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €1,961 | €1,961 | = | 0.0% |
| Trade debts | 44 | €1,436 | €552 | -€885 | -61.6% |
| Suppliers | 440/4 | €1,436 | €552 | -€885 | -61.6% |
| Taxes, remuneration and social security | 45 | €5,164 | €9,113 | +€3,949 | +76.5% |
| Taxes | 450/3 | €5,164 | €8,113 | +€2,949 | +57.1% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €710 | +€281 | +65.5% |
| Other operating charges | 640/8 | €2,206 | €1,500 | -€705 | -32.0% |
| Gross operating margin | 9900 | €18,993 | -€16,138 | -€35,131 | |
| Operating profit (loss) | 9901 | €16,358 | -€18,349 | -€34,707 | |
| Financial income | 75/76B | €3,601 | €3,730 | +€129 | +3.6% |
| Recurring financial income | 75 | €3,601 | €3,730 | +€129 | +3.6% |
| Financial charges | 65/66B | €569 | €84 | -€486 | -85.3% |
| Recurring financial charges | 65 | €569 | €84 | -€486 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €19,390 | -€14,702 | -€34,092 | |
| Income taxes | 67/77 | €6,459 | €228 | -€6,231 | -96.5% |
| Profit (loss) for the period | 9904 | €12,931 | -€14,930 | -€27,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,931 | -€14,930 | -€27,860 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.