MARC ASFALT: 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 ASFALT
Largest movements
- Tangible fixed assets +€26,310
up €26,310 (+361%), from €7,296 to €33,606
of which Furniture and vehicles: +€16,690
- Receivables within one year +€19,597
up €19,597 (+27.9%), from €70,154 to €89,751
of which Trade receivables: +€14,426
- Cash -€7,861
down €7,861 (-55.4%), from €14,192 to €6,331
mainly Investment in fixed assets (net) (-€31,650) and Receivables within one year (-€19,597)
- Deferred charges and accrued income +€2,252
new in 2025: €2,252
- Reserves +€24,992
up €24,992 (+45.8%), from €54,597 to €79,589
of which Distributable reserves: +€24,992
- Debts after one year +€10,116
up €10,116, from €0 to €10,116
- Current portion of long-term debt +€7,250
up €7,250 (+714%), from €1,016 to €8,266
- Trade debts -€3,123
down €3,123 (-33.4%), from €9,344 to €6,221
- Other operating charges -€7,993
down €7,993 (-91.7%), from €8,713 to €719
- Gross operating margin +€7,664
up €7,664 (+20.9%), from €36,725 to €44,389
- Taxes +€5,479
up €5,479 (+121%), from €4,515 to €9,994
- Depreciation +€2,085
up €2,085 (+64.0%), from €3,255 to €5,340
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 | €92,942 | €133,240 | +€40,298 | +43.4% |
| Fixed assets | 21/28 | €7,296 | €33,606 | +€26,310 | +361% |
| Tangible fixed assets | 22/27 | €7,296 | €33,606 | +€26,310 | +361% |
| Plant, machinery and equipment | 23 | €1,570 | €11,190 | +€9,620 | +613% |
| Furniture and vehicles | 24 | €5,725 | €22,415 | +€16,690 | +292% |
| Current assets | 29/58 | €85,647 | €99,634 | +€13,987 | +16.3% |
| Stocks and contracts in progress | 3 | €1,300 | €1,300 | = | 0.0% |
| Stocks | 30/36 | €1,300 | €1,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,154 | €89,751 | +€19,597 | +27.9% |
| Trade receivables | 40 | €30,521 | €44,948 | +€14,426 | +47.3% |
| Other amounts receivable | 41 | €39,633 | €44,803 | +€5,171 | +13.0% |
| Cash at bank and in hand | 54/58 | €14,192 | €6,331 | -€7,861 | -55.4% |
| Deferred charges and accrued income | 490/1 | - | €2,252 | +€2,252 | |
| Total equity and liabilities | 10/49 | €92,942 | €133,240 | +€40,298 | +43.4% |
| Equity | 10/15 | €74,597 | €99,589 | +€24,992 | +33.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €54,597 | €79,589 | +€24,992 | +45.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €52,597 | €77,589 | +€24,992 | +47.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,345 | €33,651 | +€15,305 | +83.4% |
| Amounts payable after more than one year | 17 | €0 | €10,116 | +€10,116 | |
| Financial debts | 170/4 | €0 | €10,116 | +€10,116 | |
| Amounts payable within one year | 42/48 | €18,308 | €23,535 | +€5,227 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €1,016 | €8,266 | +€7,250 | +714% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,344 | €6,221 | -€3,123 | -33.4% |
| Suppliers | 440/4 | €9,344 | €6,221 | -€3,123 | -33.4% |
| Taxes, remuneration and social security | 45 | €7,948 | €9,048 | +€1,100 | +13.8% |
| Taxes | 450/3 | €5,548 | €9,048 | +€3,500 | +63.1% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100% |
| Accrued charges and deferred income | 492/3 | €38 | €0 | -€38 | -100% |
| Non-recurring operating income | 76A | - | €17,487 | +€17,487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,255 | €5,340 | +€2,085 | +64.0% |
| Other operating charges | 640/8 | €8,713 | €719 | -€7,993 | -91.7% |
| Non-recurring operating charges | 66A | €4,250 | €130 | -€4,120 | -96.9% |
| Gross operating margin | 9900 | €36,725 | €44,389 | +€7,664 | +20.9% |
| Operating profit (loss) | 9901 | €20,507 | €38,200 | +€17,693 | +86.3% |
| Financial income | 75/76B | €0 | €325 | +€325 | |
| Recurring financial income | 75 | €0 | €325 | +€325 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,572 | €3,538 | -€34 | -0.9% |
| Recurring financial charges | 65 | €3,572 | €3,538 | -€34 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €16,935 | €34,986 | +€18,052 | +107% |
| Income taxes | 67/77 | €4,515 | €9,994 | +€5,479 | +121% |
| Profit (loss) for the period | 9904 | €12,419 | €24,992 | +€12,573 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €12,419 | €24,992 | +€12,573 | +101% |
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 24 October 2026 via checked.be.