Marc De Weer: 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 Weer
Largest movements
- Cash +€168,578
up €168,578 (+126%), from €133,944 to €302,522
mainly Net result for the year (+€135,599) and Tax, wage and social debts (+€49,685)
- Receivables within one year +€18,656
new in 2025: €18,656
of which Trade receivables: +€18,634
- Reserves +€135,599
up €135,599 (+140%), from €96,610 to €232,208
- Tax, wage and social debts +€49,685
up €49,685 (+121%), from €41,209 to €90,894
- Gross operating margin +€52,777
up €52,777 (+40.0%), from €132,078 to €184,855
- Taxes +€13,956
up €13,956 (+40.8%), from €34,189 to €48,145
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 | €141,638 | €327,228 | +€185,590 | +131% |
| Fixed assets | 21/28 | €6,712 | €5,059 | -€1,653 | -24.6% |
| Tangible fixed assets | 22/27 | €6,712 | €5,059 | -€1,653 | -24.6% |
| Plant, machinery and equipment | 23 | €2,461 | €1,743 | -€717 | -29.2% |
| Furniture and vehicles | 24 | €4,252 | €3,316 | -€936 | -22.0% |
| Current assets | 29/58 | €134,926 | €322,169 | +€187,243 | +139% |
| Amounts receivable within one year | 40/41 | - | €18,656 | +€18,656 | |
| Trade receivables | 40 | - | €18,634 | +€18,634 | |
| Other amounts receivable | 41 | - | €22 | +€22 | |
| Cash at bank and in hand | 54/58 | €133,944 | €302,522 | +€168,578 | +126% |
| Deferred charges and accrued income | 490/1 | €982 | €991 | +€9 | +0.9% |
| Total equity and liabilities | 10/49 | €141,638 | €327,228 | +€185,590 | +131% |
| Equity | 10/15 | €99,610 | €235,208 | +€135,599 | +136% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,610 | €232,208 | +€135,599 | +140% |
| Distributable reserves | 133 | €96,610 | €232,208 | +€135,599 | +140% |
| Amounts payable | 17/49 | €42,029 | €92,020 | +€49,991 | +119% |
| Amounts payable within one year | 42/48 | €42,029 | €92,020 | +€49,991 | +119% |
| Trade debts | 44 | €820 | €934 | +€113 | +13.8% |
| Suppliers | 440/4 | €820 | €934 | +€113 | +13.8% |
| Taxes, remuneration and social security | 45 | €41,209 | €90,894 | +€49,685 | +121% |
| Taxes | 450/3 | €41,209 | €90,894 | +€49,685 | +121% |
| Other amounts payable | 47/48 | - | €193 | +€193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | €1,653 | +€871 | +111% |
| Other operating charges | 640/8 | €426 | €120 | -€306 | -71.9% |
| Gross operating margin | 9900 | €132,078 | €184,855 | +€52,777 | +40.0% |
| Operating profit (loss) | 9901 | €130,869 | €183,082 | +€52,213 | +39.9% |
| Financial income | 75/76B | - | €666 | +€666 | |
| Recurring financial income | 75 | - | €666 | +€666 | |
| Financial charges | 65/66B | €70 | €3 | -€67 | -95.2% |
| Recurring financial charges | 65 | €70 | €3 | -€67 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €130,798 | €183,744 | +€52,945 | +40.5% |
| Income taxes | 67/77 | €34,189 | €48,145 | +€13,956 | +40.8% |
| Profit (loss) for the period | 9904 | €96,610 | €135,599 | +€38,989 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,610 | €135,599 | +€38,989 | +40.4% |
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 25 October 2026 via checked.be.