Marc De Pauw: what changed
What changed
Marc De Pauw
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€103,053
2024 · €100,856+€2,197
Equity
€75,784
2024 · €52,731+€23,053
Cash
€149,259
2024 · €133,073+€16,186
Balance sheet total
€173,947
2024 · €470,624-€296,677
Largest movements
Assets
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash +€16,186
up €16,186 (+12.2%), from €133,073 to €149,259
mainly Current investments (+€300,000) and Net result for the year (+€103,053)
- Tangible fixed assets -€12,733
down €12,733 (-37.0%), from €34,446 to €21,713
Equity and liabilities
- Other debts -€332,000
down €332,000 (-83.0%), from €400,000 to €68,000
- Reserves +€23,053
up €23,053 (+48.3%), from €47,731 to €70,784
- Tax, wage and social debts +€11,991
up €11,991 (+73.9%), from €16,233 to €28,224
Income statement
- Financial income +€3,027
up €3,027 (+58.9%), from €5,137 to €8,165
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€100,856
Gross operating margin
-€204
Depreciation
-€171
Other operating charges
-€20
Financial income
+€3,027
Financial charges
+€134
Taxes
-€569
Result 2025
€103,053
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€203,814
Investment
+€300,000
Financing
-€80,000
Cash 2024
€133,073
From operations (derived)
-€203,814
Net result for the year
+€103,053
Depreciation
+€12,733
Smaller working-capital items
+€409
Tax, wage and social debts
+€11,991
Other debts
-€332,000
Investment (derived)
+€300,000
Current investments
+€300,000
Financing
-€80,000
Contributions, distributions and other
-€80,000
Cash 2025
€149,259
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,624 | €173,947 | -€296,677 | -63.0% |
| Fixed assets | 21/28 | €34,446 | €21,713 | -€12,733 | -37.0% |
| Tangible fixed assets | 22/27 | €34,446 | €21,713 | -€12,733 | -37.0% |
| Furniture and vehicles | 24 | €34,446 | €21,713 | -€12,733 | -37.0% |
| Current assets | 29/58 | €436,177 | €152,233 | -€283,944 | -65.1% |
| Amounts receivable within one year | 40/41 | €1,774 | €1,620 | -€154 | -8.7% |
| Other amounts receivable | 41 | €1,774 | €1,620 | -€154 | -8.7% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €133,073 | €149,259 | +€16,186 | +12.2% |
| Deferred charges and accrued income | 490/1 | €1,331 | €1,355 | +€24 | +1.8% |
| Total equity and liabilities | 10/49 | €470,624 | €173,947 | -€296,677 | -63.0% |
| Equity | 10/15 | €52,731 | €75,784 | +€23,053 | +43.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,731 | €70,784 | +€23,053 | +48.3% |
| Distributable reserves | 133 | €47,731 | €70,784 | +€23,053 | +48.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €417,893 | €98,162 | -€319,730 | -76.5% |
| Amounts payable within one year | 42/48 | €417,893 | €98,162 | -€319,730 | -76.5% |
| Trade debts | 44 | €1,660 | €1,939 | +€279 | +16.8% |
| Suppliers | 440/4 | €1,660 | €1,939 | +€279 | +16.8% |
| Taxes, remuneration and social security | 45 | €16,233 | €28,224 | +€11,991 | +73.9% |
| Taxes | 450/3 | €16,233 | €28,224 | +€11,991 | +73.9% |
| Other amounts payable | 47/48 | €400,000 | €68,000 | -€332,000 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,562 | €12,733 | +€171 | +1.4% |
| Other operating charges | 640/8 | €663 | €683 | +€20 | +3.0% |
| Gross operating margin | 9900 | €139,593 | €139,388 | -€204 | -0.1% |
| Operating profit (loss) | 9901 | €126,368 | €125,973 | -€395 | -0.3% |
| Financial income | 75/76B | €5,137 | €8,165 | +€3,027 | +58.9% |
| Recurring financial income | 75 | €5,137 | €8,165 | +€3,027 | +58.9% |
| Financial charges | 65/66B | €188 | €54 | -€134 | -71.3% |
| Recurring financial charges | 65 | €188 | €54 | -€134 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €131,316 | €134,083 | +€2,767 | +2.1% |
| Income taxes | 67/77 | €30,461 | €31,030 | +€569 | +1.9% |
| Profit (loss) for the period | 9904 | €100,856 | €103,053 | +€2,197 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,856 | €103,053 | +€2,197 | +2.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.