Marc Allard: 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.
Marc Allard
Largest movements
- Cash -€87,267
down €87,267 (-51.6%), from €169,280 to €82,013
mainly Net result for the year (-€56,345) and Tax, wage and social debts (-€34,896)
- Receivables within one year +€33,840
up €33,840 (+9.4%), from €358,350 to €392,190
of which Trade receivables: +€32,371
- Tangible fixed assets -€25,385
down €25,385 (-19.7%), from €128,689 to €103,304
of which Other tangible fixed assets: -€25,263
- Profit (loss) carried forward -€56,345
down €56,345, from €25,794 to -€30,551
- Trade debts +€35,977
up €35,977 (+283.0%), from €12,713 to €48,690
- Tax, wage and social debts -€34,896
no longer reported in 2024 (was €34,896)
of which Taxes: -€31,965
- Debts after one year -€23,298
down €23,298 (-21.7%), from €107,418 to €84,120
- Gross operating margin -€248,023
down €248,023, from €216,925 to -€31,098
- Taxes -€31,645
no longer reported in 2024 (was €31,645)
- Staff costs -€21,695
down €21,695, from €18,764 to -€2,931
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €656,959 | €577,857 | -€79,102 | -12.0% |
| Fixed assets | 21/28 | €128,689 | €103,304 | -€25,385 | -19.7% |
| Tangible fixed assets | 22/27 | €128,689 | €103,304 | -€25,385 | -19.7% |
| Plant, machinery and equipment | 23 | €122 | - | -€122 | |
| Other tangible fixed assets | 26 | €128,567 | €103,304 | -€25,263 | -19.6% |
| Current assets | 29/58 | €528,270 | €474,553 | -€53,717 | -10.2% |
| Amounts receivable within one year | 40/41 | €358,350 | €392,190 | +€33,840 | +9.4% |
| Trade receivables | 40 | €356,687 | €389,058 | +€32,371 | +9.1% |
| Other amounts receivable | 41 | €1,663 | €3,132 | +€1,469 | +88.3% |
| Cash at bank and in hand | 54/58 | €169,280 | €82,013 | -€87,267 | -51.6% |
| Deferred charges and accrued income | 490/1 | €640 | €350 | -€290 | -45.3% |
| Total equity and liabilities | 10/49 | €656,959 | €577,857 | -€79,102 | -12.0% |
| Equity | 10/15 | €477,628 | €421,283 | -€56,345 | -11.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €351,834 | €351,834 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,339 | €15,339 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,339 | €15,339 | = | 0.0% |
| Distributable reserves | 133 | €336,495 | €336,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,794 | -€30,551 | -€56,345 | |
| Amounts payable | 17/49 | €179,331 | €156,574 | -€22,757 | -12.7% |
| Amounts payable after more than one year | 17 | €107,418 | €84,120 | -€23,298 | -21.7% |
| Financial debts | 170/4 | €107,418 | €84,120 | -€23,298 | -21.7% |
| Amounts payable within one year | 42/48 | €71,913 | €72,454 | +€541 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €22,896 | €23,298 | +€402 | +1.8% |
| Trade debts | 44 | €12,713 | €48,690 | +€35,977 | +283.0% |
| Suppliers | 440/4 | €12,713 | €48,690 | +€35,977 | +283.0% |
| Taxes, remuneration and social security | 45 | €34,896 | - | -€34,896 | |
| Taxes | 450/3 | €31,965 | - | -€31,965 | |
| Remuneration and social security | 454/9 | €2,931 | - | -€2,931 | |
| Other amounts payable | 47/48 | €1,408 | €466 | -€942 | -66.9% |
| Non-recurring operating income | 76A | €260,087 | - | -€260,087 | |
| Remuneration, social security and pensions | 62 | €18,764 | -€2,931 | -€21,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,321 | €25,385 | -€936 | -3.6% |
| Other operating charges | 640/8 | €446 | €1,187 | +€741 | +166.1% |
| Non-recurring operating charges | 66A | €25,594 | - | -€25,594 | |
| Gross operating margin | 9900 | €216,925 | -€31,098 | -€248,023 | |
| Operating profit (loss) | 9901 | €145,800 | -€54,739 | -€200,539 | |
| Financial income | 75/76B | €24 | €560 | +€536 | +2233.3% |
| Recurring financial income | 75 | €24 | €560 | +€536 | +2233.3% |
| Financial charges | 65/66B | €2,731 | €2,166 | -€565 | -20.7% |
| Recurring financial charges | 65 | €2,731 | €2,166 | -€565 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €143,093 | -€56,345 | -€199,438 | |
| Income taxes | 67/77 | €31,645 | - | -€31,645 | |
| Profit (loss) for the period | 9904 | €111,448 | -€56,345 | -€167,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,448 | -€56,345 | -€167,793 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.