MARC DE ROO: 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 DE ROO
Largest movements
- Tangible fixed assets +€19,309
up €19,309 (+106%), from €18,296 to €37,605
of which Furniture and vehicles: +€19,059
- Cash -€17,909
down €17,909 (-9.7%), from €184,624 to €166,715
mainly Investment in fixed assets (net) (-€40,644) and Contributions, distributions and other (-€27,900)
- Receivables within one year +€8,649
up €8,649 (+28.9%), from €29,885 to €38,534
of which Other amounts receivable: +€7,335
- Debts after one year +€11,699
up €11,699 (+290%), from €4,033 to €15,732
- Tax, wage and social debts -€8,013
down €8,013 (-54.3%), from €14,753 to €6,740
- Trade debts +€4,785
up €4,785 (+302%), from €1,586 to €6,371
- Depreciation +€14,789
up €14,789 (+226%), from €6,546 to €21,335
- Gross operating margin +€6,867
up €6,867 (+12.7%), from €54,146 to €61,013
- Taxes -€3,001
down €3,001 (-18.2%), from €16,526 to €13,525
- Financial income +€1,324
up €1,324 (+68.8%), from €1,925 to €3,249
- Financial charges +€794
up €794 (+105%), from €758 to €1,552
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 | €234,286 | €244,448 | +€10,162 | +4.3% |
| Fixed assets | 21/28 | €18,296 | €37,605 | +€19,309 | +106% |
| Tangible fixed assets | 22/27 | €18,296 | €37,605 | +€19,309 | +106% |
| Plant, machinery and equipment | 23 | €3,573 | €3,823 | +€250 | +7.0% |
| Furniture and vehicles | 24 | €14,723 | €33,782 | +€19,059 | +129% |
| Current assets | 29/58 | €215,990 | €206,843 | -€9,147 | -4.2% |
| Amounts receivable within one year | 40/41 | €29,885 | €38,534 | +€8,649 | +28.9% |
| Trade receivables | 40 | €7,014 | €8,328 | +€1,314 | +18.7% |
| Other amounts receivable | 41 | €22,871 | €30,206 | +€7,335 | +32.1% |
| Cash at bank and in hand | 54/58 | €184,624 | €166,715 | -€17,909 | -9.7% |
| Deferred charges and accrued income | 490/1 | €1,481 | €1,594 | +€113 | +7.6% |
| Total equity and liabilities | 10/49 | €234,286 | €244,448 | +€10,162 | +4.3% |
| Equity | 10/15 | €184,976 | €184,693 | -€283 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,506 | €158,223 | -€283 | -0.2% |
| Distributable reserves | 133 | €158,506 | €158,223 | -€283 | -0.2% |
| Profit (loss) carried forward | 14 | €20,270 | €20,270 | = | 0.0% |
| Amounts payable | 17/49 | €49,310 | €59,755 | +€10,445 | +21.2% |
| Amounts payable after more than one year | 17 | €4,033 | €15,732 | +€11,699 | +290% |
| Financial debts | 170/4 | €4,033 | €15,732 | +€11,699 | +290% |
| Amounts payable within one year | 42/48 | €45,277 | €44,023 | -€1,254 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €4,713 | €4,407 | -€306 | -6.5% |
| Trade debts | 44 | €1,586 | €6,371 | +€4,785 | +302% |
| Suppliers | 440/4 | €1,586 | €6,371 | +€4,785 | +302% |
| Taxes, remuneration and social security | 45 | €14,753 | €6,740 | -€8,013 | -54.3% |
| Taxes | 450/3 | €14,753 | €6,740 | -€8,013 | -54.3% |
| Other amounts payable | 47/48 | €24,225 | €26,505 | +€2,280 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,546 | €21,335 | +€14,789 | +226% |
| Other operating charges | 640/8 | €335 | €233 | -€102 | -30.4% |
| Gross operating margin | 9900 | €54,146 | €61,013 | +€6,867 | +12.7% |
| Operating profit (loss) | 9901 | €47,265 | €39,445 | -€7,820 | -16.5% |
| Financial income | 75/76B | €1,925 | €3,249 | +€1,324 | +68.8% |
| Recurring financial income | 75 | €1,925 | €3,249 | +€1,324 | +68.8% |
| Financial charges | 65/66B | €758 | €1,552 | +€794 | +105% |
| Recurring financial charges | 65 | €758 | €1,552 | +€794 | +105% |
| Profit (loss) for the period before taxes | 9903 | €48,432 | €41,142 | -€7,290 | -15.1% |
| Income taxes | 67/77 | €16,526 | €13,525 | -€3,001 | -18.2% |
| Profit (loss) for the period | 9904 | €31,906 | €27,617 | -€4,289 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,906 | €27,617 | -€4,289 | -13.4% |
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 16 October 2026 via checked.be.