MARC & CO: 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 & CO
Largest movements
- Receivables within one year +€34,290
up €34,290 (+38.7%), from €88,607 to €122,896
of which Trade receivables: +€25,873
- Cash -€28,261
down €28,261 (-31.6%), from €89,384 to €61,123
mainly Receivables within one year (-€34,290) and Debts after one year (-€15,683)
- Tangible fixed assets -€19,951
down €19,951 (-22.9%), from €87,288 to €67,337
of which Furniture and vehicles: -€19,532
- Trade debts +€18,112
up €18,112 (+40.1%), from €45,113 to €63,225
- Debts after one year -€15,683
down €15,683 (-74.6%), from €21,033 to €5,350
- Profit (loss) carried forward -€10,713
down €10,713 (-71.8%), from €14,910 to €4,198
- Current portion of long-term debt -€5,163
down €5,163 (-22.6%), from €22,816 to €17,653
- Gross operating margin -€34,062
down €34,062 (-29.3%), from €116,317 to €82,255
- Taxes -€10,457
down €10,457 (-91.3%), from €11,447 to €991
- Staff costs +€8,386
up €8,386 (+18.1%), from €46,416 to €54,803
- Depreciation +€1,232
up €1,232 (+3.9%), from €31,433 to €32,665
- Other operating charges -€1,191
down €1,191 (-34.5%), from €3,449 to €2,258
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 | €275,657 | €261,420 | -€14,237 | -5.2% |
| Fixed assets | 21/28 | €92,272 | €72,321 | -€19,951 | -21.6% |
| Tangible fixed assets | 22/27 | €87,288 | €67,337 | -€19,951 | -22.9% |
| Furniture and vehicles | 24 | €54,936 | €35,404 | -€19,532 | -35.6% |
| Other tangible fixed assets | 26 | €32,352 | €31,933 | -€419 | -1.3% |
| Financial fixed assets | 28 | €4,984 | €4,984 | = | 0.0% |
| Current assets | 29/58 | €183,385 | €189,099 | +€5,714 | +3.1% |
| Amounts receivable within one year | 40/41 | €88,607 | €122,896 | +€34,290 | +38.7% |
| Trade receivables | 40 | €88,607 | €114,479 | +€25,873 | +29.2% |
| Other amounts receivable | 41 | - | €8,417 | +€8,417 | |
| Cash at bank and in hand | 54/58 | €89,384 | €61,123 | -€28,261 | -31.6% |
| Deferred charges and accrued income | 490/1 | €5,394 | €5,080 | -€314 | -5.8% |
| Total equity and liabilities | 10/49 | €275,657 | €261,420 | -€14,237 | -5.2% |
| Equity | 10/15 | €172,334 | €161,621 | -€10,713 | -6.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €138,832 | €138,832 | = | 0.0% |
| Distributable reserves | 133 | €138,832 | €138,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,910 | €4,198 | -€10,713 | -71.8% |
| Amounts payable | 17/49 | €103,323 | €99,799 | -€3,524 | -3.4% |
| Amounts payable after more than one year | 17 | €21,033 | €5,350 | -€15,683 | -74.6% |
| Financial debts | 170/4 | €21,033 | €5,350 | -€15,683 | -74.6% |
| Amounts payable within one year | 42/48 | €82,290 | €94,376 | +€12,087 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €22,816 | €17,653 | -€5,163 | -22.6% |
| Trade debts | 44 | €45,113 | €63,225 | +€18,112 | +40.1% |
| Suppliers | 440/4 | €45,113 | €63,225 | +€18,112 | +40.1% |
| Taxes, remuneration and social security | 45 | €14,059 | €13,498 | -€561 | -4.0% |
| Taxes | 450/3 | €11,016 | €5,276 | -€5,741 | -52.1% |
| Remuneration and social security | 454/9 | €3,043 | €8,222 | +€5,179 | +170% |
| Other amounts payable | 47/48 | €301 | - | -€301 | |
| Accrued charges and deferred income | 492/3 | - | €72 | +€72 | |
| Remuneration, social security and pensions | 62 | €46,416 | €54,803 | +€8,386 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,433 | €32,665 | +€1,232 | +3.9% |
| Other operating charges | 640/8 | €3,449 | €2,258 | -€1,191 | -34.5% |
| Gross operating margin | 9900 | €116,317 | €82,255 | -€34,062 | -29.3% |
| Operating profit (loss) | 9901 | €35,019 | -€7,470 | -€42,489 | |
| Financial income | 75/76B | €189 | €395 | +€206 | +109% |
| Recurring financial income | 75 | €189 | €395 | +€206 | +109% |
| Financial charges | 65/66B | €2,943 | €2,646 | -€297 | -10.1% |
| Recurring financial charges | 65 | €2,943 | €2,646 | -€297 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €32,265 | -€9,722 | -€41,987 | |
| Income taxes | 67/77 | €11,447 | €991 | -€10,457 | -91.3% |
| Profit (loss) for the period | 9904 | €20,818 | -€10,713 | -€31,531 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,818 | -€10,713 | -€31,531 |
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 15 October 2026 via checked.be.