MARC BERGHMANS: 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 BERGHMANS
Largest movements
- Receivables within one year +€19,182
up €19,182 (+888%), from €2,161 to €21,344
of which Trade receivables: +€19,056
- Cash +€6,123
up €6,123 (+1,780%), from €344 to €6,467
mainly Net result for the year (+€17,539) and Tax, wage and social debts (+€13,226)
- Tangible fixed assets +€1,146
new in 2025: €1,146
- Deferred charges and accrued income -€519
down €519 (-44.7%), from €1,161 to €642
- Profit (loss) carried forward +€17,539
up €17,539 (+44.8%), from -€39,107 to -€21,568
- Tax, wage and social debts +€13,226
up €13,226 (+378%), from €3,500 to €16,726
- Other debts -€4,555
down €4,555 (-21.0%), from €21,735 to €17,180
- Gross operating margin +€21,517
up €21,517 (+300%), from €7,171 to €28,688
- Taxes +€7,985
up €7,985 (+1,691%), from €472 to €8,457
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 | €3,666 | €29,598 | +€25,932 | +707% |
| Fixed assets | 21/28 | - | €1,146 | +€1,146 | |
| Tangible fixed assets | 22/27 | - | €1,146 | +€1,146 | |
| Furniture and vehicles | 24 | - | €1,146 | +€1,146 | |
| Current assets | 29/58 | €3,666 | €28,452 | +€24,786 | +676% |
| Amounts receivable within one year | 40/41 | €2,161 | €21,344 | +€19,182 | +888% |
| Trade receivables | 40 | €2,035 | €21,092 | +€19,056 | +936% |
| Other amounts receivable | 41 | €126 | €252 | +€126 | +100% |
| Cash at bank and in hand | 54/58 | €344 | €6,467 | +€6,123 | +1,780% |
| Deferred charges and accrued income | 490/1 | €1,161 | €642 | -€519 | -44.7% |
| Total equity and liabilities | 10/49 | €3,666 | €29,598 | +€25,932 | +707% |
| Equity | 10/15 | -€24,104 | -€6,566 | +€17,539 | +72.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,802 | €8,802 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €6,943 | €6,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,107 | -€21,568 | +€17,539 | +44.8% |
| Amounts payable | 17/49 | €27,770 | €36,164 | +€8,393 | +30.2% |
| Amounts payable within one year | 42/48 | €27,770 | €36,164 | +€8,393 | +30.2% |
| Trade debts | 44 | €2,536 | €2,258 | -€278 | -11.0% |
| Suppliers | 440/4 | €2,536 | €2,258 | -€278 | -11.0% |
| Taxes, remuneration and social security | 45 | €3,500 | €16,726 | +€13,226 | +378% |
| Taxes | 450/3 | €3,500 | €16,726 | +€13,226 | +378% |
| Other amounts payable | 47/48 | €21,735 | €17,180 | -€4,555 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €47 | +€47 | |
| Other operating charges | 640/8 | €1,789 | €1,713 | -€76 | -4.3% |
| Gross operating margin | 9900 | €7,171 | €28,688 | +€21,517 | +300% |
| Operating profit (loss) | 9901 | €5,382 | €26,929 | +€21,547 | +400% |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.3% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.3% |
| Financial charges | 65/66B | €1,071 | €933 | -€139 | -12.9% |
| Recurring financial charges | 65 | €1,071 | €933 | -€139 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €4,317 | €25,996 | +€21,679 | +502% |
| Income taxes | 67/77 | €472 | €8,457 | +€7,985 | +1,691% |
| Profit (loss) for the period | 9904 | €3,845 | €17,539 | +€13,694 | +356% |
| Profit (loss) for the period to be appropriated | 9905 | €3,845 | €17,539 | +€13,694 | +356% |
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 21 October 2026 via checked.be.