MARC CABOOR: 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 CABOOR
Largest movements
- Tangible fixed assets -€80,074
down €80,074 (-6.9%), from €1.2m to €1.1m
of which Land and buildings: -€66,020
- Debts after one year -€79,496
down €79,496 (-13.6%), from €582,396 to €502,900
- Reserves +€41,004
up €41,004 (+14.6%), from €281,245 to €322,249
of which Distributable reserves: +€41,004
- Other debts -€40,532
down €40,532 (-9.4%), from €430,472 to €389,940
- Other operating charges -€5,783
down €5,783 (-46.2%), from €12,519 to €6,737
- Gross operating margin +€5,765
up €5,765 (+3.7%), from €154,625 to €160,390
- Taxes +€4,373
up €4,373 (+25.3%), from €17,261 to €21,635
- Financial charges -€2,342
down €2,342 (-17.6%), from €13,284 to €10,942
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 | €1,418,136 | €1,332,977 | -€85,159 | -6.0% |
| Fixed assets | 21/28 | €1,370,423 | €1,290,348 | -€80,074 | -5.8% |
| Tangible fixed assets | 22/27 | €1,166,044 | €1,085,970 | -€80,074 | -6.9% |
| Land and buildings | 22 | €1,120,839 | €1,054,820 | -€66,020 | -5.9% |
| Furniture and vehicles | 24 | €45,205 | €31,150 | -€14,055 | -31.1% |
| Financial fixed assets | 28 | €204,378 | €204,378 | = | 0.0% |
| Current assets | 29/58 | €47,714 | €42,629 | -€5,085 | -10.7% |
| Amounts receivable within one year | 40/41 | €9,011 | €15,649 | +€6,638 | +73.7% |
| Trade receivables | 40 | €3,134 | €13,987 | +€10,853 | +346% |
| Other amounts receivable | 41 | €5,877 | €1,662 | -€4,215 | -71.7% |
| Cash at bank and in hand | 54/58 | €33,483 | €21,024 | -€12,458 | -37.2% |
| Deferred charges and accrued income | 490/1 | €5,220 | €5,956 | +€736 | +14.1% |
| Total equity and liabilities | 10/49 | €1,418,136 | €1,332,977 | -€85,159 | -6.0% |
| Equity | 10/15 | €299,845 | €340,849 | +€41,004 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €281,245 | €322,249 | +€41,004 | +14.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €281,245 | €322,249 | +€41,004 | +14.6% |
| Amounts payable | 17/49 | €1,118,291 | €992,129 | -€126,163 | -11.3% |
| Amounts payable after more than one year | 17 | €582,396 | €502,900 | -€79,496 | -13.6% |
| Financial debts | 170/4 | €582,396 | €502,900 | -€79,496 | -13.6% |
| Amounts payable within one year | 42/48 | €532,176 | €487,682 | -€44,495 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €92,272 | €79,496 | -€12,776 | -13.8% |
| Trade debts | 44 | €4,194 | €9,560 | +€5,367 | +128% |
| Suppliers | 440/4 | €4,194 | €9,560 | +€5,367 | +128% |
| Taxes, remuneration and social security | 45 | €5,238 | €8,685 | +€3,447 | +65.8% |
| Taxes | 450/3 | €5,238 | €7,435 | +€2,197 | +41.9% |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €430,472 | €389,940 | -€40,532 | -9.4% |
| Accrued charges and deferred income | 492/3 | €3,719 | €1,546 | -€2,172 | -58.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,179 | €80,074 | -€104 | -0.1% |
| Other operating charges | 640/8 | €12,519 | €6,737 | -€5,783 | -46.2% |
| Gross operating margin | 9900 | €154,625 | €160,390 | +€5,765 | +3.7% |
| Operating profit (loss) | 9901 | €61,927 | €73,579 | +€11,652 | +18.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +197% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +197% |
| Financial charges | 65/66B | €13,284 | €10,942 | -€2,342 | -17.6% |
| Recurring financial charges | 65 | €13,284 | €10,942 | -€2,342 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €48,643 | €62,638 | +€13,995 | +28.8% |
| Income taxes | 67/77 | €17,261 | €21,635 | +€4,373 | +25.3% |
| Profit (loss) for the period | 9904 | €31,382 | €41,004 | +€9,622 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,382 | €41,004 | +€9,622 | +30.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.