Ir. MARC VAN GESTEL: 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.
Ir. MARC VAN GESTEL
Largest movements
- Receivables within one year +€52,858
up €52,858 (+208%), from €25,410 to €78,268
of which Trade receivables: +€50,457
- Tangible fixed assets -€48,729
down €48,729 (-25.6%), from €190,237 to €141,508
of which Furniture and vehicles: -€46,218
- Cash +€9,712
up €9,712 (+42.6%), from €22,802 to €32,514
mainly Depreciation (+€48,729) and Tax, wage and social debts (+€17,954)
- Tax, wage and social debts +€17,954
up €17,954 (+52.6%), from €34,122 to €52,076
of which Taxes: +€10,367
- Debts after one year -€13,763
down €13,763 (-52.3%), from €26,315 to €12,552
- Trade debts +€11,267
up €11,267 (+76.7%), from €14,683 to €25,950
- Other debts -€6,027
down €6,027 (-68.9%), from €8,745 to €2,718
- Profit (loss) carried forward +€4,410
up €4,410 (+6.2%), from -€71,026 to -€66,616
- Gross operating margin -€120,139
down €120,139 (-32.0%), from €375,103 to €254,963
- Staff costs +€47,929
up €47,929 (+32.0%), from €149,793 to €197,721
- Depreciation +€16,623
up €16,623 (+51.8%), from €32,106 to €48,729
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 | €314,702 | €328,543 | +€13,841 | +4.4% |
| Fixed assets | 21/28 | €265,737 | €217,008 | -€48,729 | -18.3% |
| Intangible fixed assets | 21 | €75,000 | €75,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €190,237 | €141,508 | -€48,729 | -25.6% |
| Plant, machinery and equipment | 23 | €12,646 | €10,135 | -€2,511 | -19.9% |
| Furniture and vehicles | 24 | €177,591 | €131,373 | -€46,218 | -26.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €48,965 | €111,535 | +€62,570 | +128% |
| Amounts receivable within one year | 40/41 | €25,410 | €78,268 | +€52,858 | +208% |
| Trade receivables | 40 | €25,410 | €75,867 | +€50,457 | +199% |
| Other amounts receivable | 41 | - | €2,401 | +€2,401 | |
| Cash at bank and in hand | 54/58 | €22,802 | €32,514 | +€9,712 | +42.6% |
| Deferred charges and accrued income | 490/1 | €753 | €753 | = | 0.0% |
| Total equity and liabilities | 10/49 | €314,702 | €328,543 | +€13,841 | +4.4% |
| Equity | 10/15 | €217,372 | €221,781 | +€4,410 | +2.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €38,397 | €38,397 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,150 | €23,150 | = | 0.0% |
| Distributable reserves | 133 | €15,247 | €15,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,026 | -€66,616 | +€4,410 | +6.2% |
| Amounts payable | 17/49 | €97,330 | €106,762 | +€9,431 | +9.7% |
| Amounts payable after more than one year | 17 | €26,315 | €12,552 | -€13,763 | -52.3% |
| Financial debts | 170/4 | €26,315 | €12,552 | -€13,763 | -52.3% |
| Amounts payable within one year | 42/48 | €71,015 | €94,210 | +€23,194 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €13,466 | €13,466 | = | 0.0% |
| Trade debts | 44 | €14,683 | €25,950 | +€11,267 | +76.7% |
| Suppliers | 440/4 | €14,683 | €25,950 | +€11,267 | +76.7% |
| Taxes, remuneration and social security | 45 | €34,122 | €52,076 | +€17,954 | +52.6% |
| Taxes | 450/3 | €8,302 | €18,669 | +€10,367 | +125% |
| Remuneration and social security | 454/9 | €25,820 | €33,407 | +€7,587 | +29.4% |
| Other amounts payable | 47/48 | €8,745 | €2,718 | -€6,027 | -68.9% |
| Non-recurring operating income | 76A | €179,447 | - | -€179,447 | |
| Remuneration, social security and pensions | 62 | €149,793 | €197,721 | +€47,929 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,106 | €48,729 | +€16,623 | +51.8% |
| Other operating charges | 640/8 | €2,111 | €2,349 | +€237 | +11.2% |
| Non-recurring operating charges | 66A | €7,591 | - | -€7,591 | |
| Gross operating margin | 9900 | €375,103 | €254,963 | -€120,139 | -32.0% |
| Operating profit (loss) | 9901 | €183,502 | €6,164 | -€177,338 | -96.6% |
| Financial income | 75/76B | €57 | €63 | +€6 | +10.4% |
| Recurring financial income | 75 | €57 | €63 | +€6 | +10.4% |
| Financial charges | 65/66B | €1,219 | €1,311 | +€91 | +7.5% |
| Recurring financial charges | 65 | €1,219 | €1,311 | +€91 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €182,339 | €4,916 | -€177,423 | -97.3% |
| Transfer from deferred taxes | 780 | €5,605 | - | -€5,605 | |
| Income taxes | 67/77 | €771 | €507 | -€264 | -34.3% |
| Profit (loss) for the period | 9904 | €187,174 | €4,410 | -€182,764 | -97.6% |
| Transfer from tax-exempt reserves | 789 | €16,833 | - | -€16,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €204,007 | €4,410 | -€199,597 | -97.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.