Marc Destoop: what changed
Two fiscal 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 Destoop
Largest movements
- Receivables within one year +€42,392
up €42,392 (+34.7%), from €122,135 to €164,527
of which Trade receivables: +€30,782
- Tangible fixed assets +€26,371
up €26,371 (+30.2%), from €87,285 to €113,656
of which Furniture and vehicles: +€31,546
- Cash +€20,317
up €20,317 (+261.4%), from €7,771 to €28,088
mainly Net result for the year (+€65,357) and Tax, wage and social debts (+€25,999)
- Reserves +€53,824
up €53,824 (+68.8%), from €78,220 to €132,043
of which Distributable reserves: +€53,824
- Tax, wage and social debts +€25,999
up €25,999 (+816.8%), from €3,183 to €29,182
- Trade debts +€11,160
up €11,160 (+43.6%), from €25,572 to €36,732
- Gross operating margin +€97,755
up €97,755 (+416.4%), from €23,476 to €121,231
- Taxes +€29,730
up €29,730 (+1160.8%), from €2,561 to €32,291
- Write-downs +€10,802
new in 2025: €10,802
- Depreciation -€2,820
down €2,820 (-35.1%), from €8,024 to €5,204
- Financial income -€1,476
down €1,476 (-94.5%), from €1,563 to €86
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.
Cash bridge derived
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 | €217,191 | €307,009 | +€89,818 | +41.4% |
| Fixed assets | 21/28 | €87,285 | €113,656 | +€26,371 | +30.2% |
| Tangible fixed assets | 22/27 | €87,285 | €113,656 | +€26,371 | +30.2% |
| Land and buildings | 22 | €87,285 | €82,110 | -€5,175 | -5.9% |
| Furniture and vehicles | 24 | - | €31,546 | +€31,546 | |
| Current assets | 29/58 | €129,906 | €193,353 | +€63,447 | +48.8% |
| Amounts receivable within one year | 40/41 | €122,135 | €164,527 | +€42,392 | +34.7% |
| Trade receivables | 40 | €73,518 | €104,300 | +€30,782 | +41.9% |
| Other amounts receivable | 41 | €48,617 | €60,227 | +€11,610 | +23.9% |
| Cash at bank and in hand | 54/58 | €7,771 | €28,088 | +€20,317 | +261.4% |
| Deferred charges and accrued income | 490/1 | - | €738 | +€738 | |
| Total equity and liabilities | 10/49 | €217,191 | €307,009 | +€89,818 | +41.4% |
| Equity | 10/15 | €184,352 | €238,176 | +€53,824 | +29.2% |
| Contributions | 10/11 | €17,521 | €17,521 | = | 0.0% |
| Reserves | 13 | €78,220 | €132,043 | +€53,824 | +68.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €76,220 | €130,043 | +€53,824 | +70.6% |
| Profit (loss) carried forward | 14 | €88,612 | €88,612 | = | 0.0% |
| Amounts payable | 17/49 | €32,839 | €68,833 | +€35,994 | +109.6% |
| Amounts payable within one year | 42/48 | €32,839 | €68,833 | +€35,994 | +109.6% |
| Trade debts | 44 | €25,572 | €36,732 | +€11,160 | +43.6% |
| Suppliers | 440/4 | €25,572 | €36,732 | +€11,160 | +43.6% |
| Taxes, remuneration and social security | 45 | €3,183 | €29,182 | +€25,999 | +816.8% |
| Taxes | 450/3 | €3,183 | €29,182 | +€25,999 | +816.8% |
| Other amounts payable | 47/48 | €4,084 | €2,919 | -€1,165 | -28.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €9 | €0 | -€9 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,024 | €5,204 | -€2,820 | -35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,802 | +€10,802 | |
| Other operating charges | 640/8 | €7,373 | €6,899 | -€474 | -6.4% |
| Gross operating margin | 9900 | €23,476 | €121,231 | +€97,755 | +416.4% |
| Operating profit (loss) | 9901 | €8,070 | €98,326 | +€90,256 | +1118.4% |
| Financial income | 75/76B | €1,563 | €86 | -€1,476 | -94.5% |
| Recurring financial income | 75 | €1,563 | €86 | -€1,476 | -94.5% |
| Financial charges | 65/66B | €892 | €765 | -€128 | -14.3% |
| Recurring financial charges | 65 | €892 | €765 | -€128 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €8,740 | €97,648 | +€88,908 | +1017.3% |
| Income taxes | 67/77 | €2,561 | €32,291 | +€29,730 | +1160.8% |
| Profit (loss) for the period | 9904 | €6,179 | €65,357 | +€59,178 | +957.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,179 | €65,357 | +€59,178 | +957.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.