MARC BEIRENS: what changed
Two fiscal 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 BEIRENS
Largest movements
- Receivables within one year -€33,000
down €33,000 (-42.1%), from €78,396 to €45,396
of which Other amounts receivable: -€38,183
- Cash +€23,365
up €23,365 (+31.8%), from €73,362 to €96,727
mainly Receivables within one year (+€33,000) and Net result for the year (+€21,023)
- Tangible fixed assets -€13,679
down €13,679 (-7.5%), from €183,584 to €169,905
of which Plant, machinery and equipment: -€9,082
- Reserves -€18,977
down €18,977 (-40.7%), from €46,656 to €27,679
of which Distributable reserves: -€18,977
- Tax, wage and social debts -€15,430
down €15,430 (-99.1%), from €15,576 to €146
of which Remuneration and social security: -€15,533
- Trade debts +€14,451
up €14,451 (+23.2%), from €62,189 to €76,640
- Current portion of long-term debt -€3,977
down €3,977 (-100.0%), from €3,977 to €0
- Other debts +€3,479
up €3,479, from €0 to €3,479
- Turnover -€1.1m
no longer reported in 2024 (was €1.1m)
- Purchases and services -€836,638
no longer reported in 2024 (was €836,638)
- Gross operating margin +€27,094
up €27,094 (+11.9%), from €227,899 to €254,993
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 | €335,466 | €313,851 | -€21,615 | -6.4% |
| Fixed assets | 21/28 | €183,708 | €170,029 | -€13,679 | -7.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €183,584 | €169,905 | -€13,679 | -7.5% |
| Land and buildings | 22 | €154,383 | €151,074 | -€3,309 | -2.1% |
| Plant, machinery and equipment | 23 | €21,704 | €12,622 | -€9,082 | -41.8% |
| Furniture and vehicles | 24 | €7,497 | €6,209 | -€1,288 | -17.2% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €151,758 | €143,822 | -€7,936 | -5.2% |
| Stocks and contracts in progress | 3 | - | €1,699 | +€1,699 | |
| Stocks | 30/36 | - | €1,699 | +€1,699 | |
| Amounts receivable within one year | 40/41 | €78,396 | €45,396 | -€33,000 | -42.1% |
| Trade receivables | 40 | €0 | €5,183 | +€5,183 | |
| Other amounts receivable | 41 | €78,396 | €40,213 | -€38,183 | -48.7% |
| Cash at bank and in hand | 54/58 | €73,362 | €96,727 | +€23,365 | +31.8% |
| Total equity and liabilities | 10/49 | €335,466 | €313,851 | -€21,615 | -6.4% |
| Equity | 10/15 | €252,423 | €233,446 | -€18,977 | -7.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €46,656 | €27,679 | -€18,977 | -40.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €41,656 | €22,679 | -€18,977 | -45.6% |
| Profit (loss) carried forward | 14 | €155,767 | €155,767 | = | 0.0% |
| Amounts payable | 17/49 | €83,043 | €80,404 | -€2,638 | -3.2% |
| Amounts payable after more than one year | 17 | €1,189 | €0 | -€1,189 | -100.0% |
| Financial debts | 170/4 | €1,189 | €0 | -€1,189 | -100.0% |
| Amounts payable within one year | 42/48 | €81,743 | €80,265 | -€1,478 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €3,977 | €0 | -€3,977 | -100.0% |
| Trade debts | 44 | €62,189 | €76,640 | +€14,451 | +23.2% |
| Suppliers | 440/4 | €62,189 | €76,640 | +€14,451 | +23.2% |
| Taxes, remuneration and social security | 45 | €15,576 | €146 | -€15,430 | -99.1% |
| Taxes | 450/3 | €44 | €146 | +€102 | +234.7% |
| Remuneration and social security | 454/9 | €15,533 | €0 | -€15,533 | -100.0% |
| Other amounts payable | 47/48 | €0 | €3,479 | +€3,479 | |
| Accrued charges and deferred income | 492/3 | €111 | €140 | +€29 | +25.7% |
| Turnover | 70 | €1,052,941 | - | -€1.1m | |
| Non-recurring operating income | 76A | - | €1,460 | +€1,460 | |
| Goods, raw materials, services and sundry goods | 60/61 | €836,638 | - | -€836,638 | |
| Remuneration, social security and pensions | 62 | €195,380 | €199,173 | +€3,793 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,521 | €18,870 | -€9,651 | -33.8% |
| Other operating charges | 640/8 | €3,930 | €4,669 | +€739 | +18.8% |
| Gross operating margin | 9900 | €227,899 | €254,993 | +€27,094 | +11.9% |
| Operating profit (loss) | 9901 | €68 | €32,281 | +€32,213 | +47427.4% |
| Financial income | 75/76B | €4,143 | €847 | -€3,297 | -79.6% |
| Recurring financial income | 75 | €4,143 | €847 | -€3,297 | -79.6% |
| Financial charges | 65/66B | €3,160 | €2,482 | -€678 | -21.5% |
| Recurring financial charges | 65 | €3,160 | €2,482 | -€678 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €1,051 | €30,645 | +€29,594 | +2814.7% |
| Income taxes | 67/77 | €4,975 | €9,622 | +€4,647 | +93.4% |
| Profit (loss) for the period | 9904 | -€3,924 | €21,023 | +€24,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,924 | €21,023 | +€24,947 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.