L'IMAGE DE MARC: 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.
L'IMAGE DE MARC
Largest movements
- Tangible fixed assets -€6,773
down €6,773 (-31.0%), from €21,835 to €15,062
- Cash -€675
down €675 (-3.5%), from €19,371 to €18,696
mainly Net result for the year (-€8,570) and Tax, wage and social debts (-€817)
- Deferred charges and accrued income -€536
down €536 (-62.5%), from €858 to €322
- Profit (loss) carried forward -€8,570
down €8,570, from €1,395 to -€7,175
- Trade debts +€908
up €908 (+18.5%), from €4,911 to €5,818
- Tax, wage and social debts -€817
down €817 (-13.8%), from €5,910 to €5,092
of which Taxes: -€1,381
- Gross operating margin -€22,677
down €22,677 (-76.5%), from €29,640 to €6,963
- Taxes -€3,523
no longer reported in 2025 (was €3,523)
- Depreciation +€2,274
up €2,274 (+50.5%), from €4,499 to €6,773
- Staff costs +€1,590
up €1,590 (+46.4%), from €3,428 to €5,018
- Other operating charges +€872
up €872 (+89.7%), from €973 to €1,845
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 | €45,631 | €37,152 | -€8,479 | -18.6% |
| Fixed assets | 21/28 | €21,835 | €15,062 | -€6,773 | -31.0% |
| Tangible fixed assets | 22/27 | €21,835 | €15,062 | -€6,773 | -31.0% |
| Furniture and vehicles | 24 | €21,835 | €15,062 | -€6,773 | -31.0% |
| Current assets | 29/58 | €23,796 | €22,089 | -€1,707 | -7.2% |
| Stocks and contracts in progress | 3 | €1,706 | €1,617 | -€89 | -5.2% |
| Stocks | 30/36 | €1,706 | €1,617 | -€89 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,861 | €1,454 | -€407 | -21.9% |
| Trade receivables | 40 | €1,861 | €1,454 | -€407 | -21.9% |
| Cash at bank and in hand | 54/58 | €19,371 | €18,696 | -€675 | -3.5% |
| Deferred charges and accrued income | 490/1 | €858 | €322 | -€536 | -62.5% |
| Total equity and liabilities | 10/49 | €45,631 | €37,152 | -€8,479 | -18.6% |
| Equity | 10/15 | €34,811 | €26,241 | -€8,570 | -24.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,824 | €14,824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €12,345 | €12,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,395 | -€7,175 | -€8,570 | |
| Amounts payable | 17/49 | €10,820 | €10,911 | +€90 | +0.8% |
| Amounts payable within one year | 42/48 | €10,820 | €10,911 | +€90 | +0.8% |
| Trade debts | 44 | €4,911 | €5,818 | +€908 | +18.5% |
| Suppliers | 440/4 | €4,911 | €5,818 | +€908 | +18.5% |
| Taxes, remuneration and social security | 45 | €5,910 | €5,092 | -€817 | -13.8% |
| Taxes | 450/3 | €5,910 | €4,529 | -€1,381 | -23.4% |
| Remuneration and social security | 454/9 | - | €564 | +€564 | |
| Remuneration, social security and pensions | 62 | €3,428 | €5,018 | +€1,590 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,499 | €6,773 | +€2,274 | +50.5% |
| Other operating charges | 640/8 | €973 | €1,845 | +€872 | +89.7% |
| Non-recurring operating charges | 66A | €5,938 | - | -€5,938 | |
| Gross operating margin | 9900 | €29,640 | €6,963 | -€22,677 | -76.5% |
| Operating profit (loss) | 9901 | €14,802 | -€6,673 | -€21,475 | |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,607 | €1,897 | +€290 | +18.1% |
| Recurring financial charges | 65 | €1,607 | €1,897 | +€290 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €13,204 | -€8,570 | -€21,774 | |
| Income taxes | 67/77 | €3,523 | - | -€3,523 | |
| Profit (loss) for the period | 9904 | €9,681 | -€8,570 | -€18,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,681 | -€8,570 | -€18,251 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.