MARC DEGROOTE: 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 DEGROOTE
Largest movements
- Receivables within one year +€6,534
up €6,534 (+135%), from €4,845 to €11,379
of which Trade receivables: +€6,534
- Cash -€4,085
down €4,085 (-20.0%), from €20,431 to €16,346
mainly Receivables within one year (-€6,534) and Net result for the year (-€1,677)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€177,935
down €177,935 (-97.7%), from €182,103 to €4,168
- Taxes -€44,105
no longer reported in 2025 (was €44,105)
- Depreciation -€10,855
down €10,855 (-89.6%), from €12,118 to €1,263
- Other operating charges +€2,796
up €2,796 (+180%), from €1,553 to €4,348
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 | €307,841 | €309,027 | +€1,186 | +0.4% |
| Fixed assets | 21/28 | €282,565 | €281,302 | -€1,263 | -0.4% |
| Tangible fixed assets | 22/27 | €282,565 | €281,302 | -€1,263 | -0.4% |
| Land and buildings | 22 | €280,200 | €279,455 | -€745 | -0.3% |
| Furniture and vehicles | 24 | €2,365 | €1,847 | -€518 | -21.9% |
| Current assets | 29/58 | €25,276 | €27,725 | +€2,449 | +9.7% |
| Amounts receivable within one year | 40/41 | €4,845 | €11,379 | +€6,534 | +135% |
| Trade receivables | 40 | €4,830 | €11,364 | +€6,534 | +135% |
| Other amounts receivable | 41 | €15 | €15 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,431 | €16,346 | -€4,085 | -20.0% |
| Total equity and liabilities | 10/49 | €307,841 | €309,027 | +€1,186 | +0.4% |
| Equity | 10/15 | €113,684 | €112,007 | -€1,677 | -1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €92,128 | €92,007 | -€121 | -0.1% |
| Distributable reserves | 133 | €92,128 | €92,007 | -€121 | -0.1% |
| Profit (loss) carried forward | 14 | €1,556 | - | -€1,556 | |
| Amounts payable | 17/49 | €194,157 | €197,020 | +€2,863 | +1.5% |
| Amounts payable after more than one year | 17 | €136,737 | €136,737 | = | 0.0% |
| Other amounts payable | 178/9 | €136,737 | €136,737 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,920 | €57,827 | +€2,907 | +5.3% |
| Trade debts | 44 | €454 | €3,261 | +€2,807 | +619% |
| Suppliers | 440/4 | €454 | €3,261 | +€2,807 | +619% |
| Taxes, remuneration and social security | 45 | €44,205 | €44,305 | +€100 | +0.2% |
| Taxes | 450/3 | €44,205 | €44,305 | +€100 | +0.2% |
| Other amounts payable | 47/48 | €10,261 | €10,261 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,456 | -€44 | -1.8% |
| Non-recurring operating income | 76A | €180,070 | - | -€180,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,118 | €1,263 | -€10,855 | -89.6% |
| Other operating charges | 640/8 | €1,553 | €4,348 | +€2,796 | +180% |
| Gross operating margin | 9900 | €182,103 | €4,168 | -€177,935 | -97.7% |
| Operating profit (loss) | 9901 | €168,433 | -€1,443 | -€169,876 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €268 | €234 | -€34 | -12.8% |
| Recurring financial charges | 65 | €268 | €234 | -€34 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €168,165 | -€1,677 | -€169,842 | |
| Income taxes | 67/77 | €44,105 | - | -€44,105 | |
| Profit (loss) for the period | 9904 | €124,059 | -€1,677 | -€125,737 | |
| Profit (loss) for the period to be appropriated | 9905 | €124,059 | -€1,677 | -€125,737 |
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 29 October 2026 via checked.be.