MARC DI NUCCI: 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 DI NUCCI
Largest movements
- Receivables within one year +€36,755
up €36,755 (+198%), from €18,558 to €55,313
of which Trade receivables: +€33,500
- Cash -€30,595
down €30,595 (-20.0%), from €153,318 to €122,723
mainly Contributions, distributions and other (-€140,000) and Receivables within one year (-€36,755)
- Tangible fixed assets -€24,625
down €24,625 (-28.8%), from €85,467 to €60,842
of which Furniture and vehicles: -€22,182
- Deferred charges and accrued income -€3,142
no longer reported in 2025 (was €3,142)
- Profit (loss) carried forward -€22,179
down €22,179 (-55.6%), from €39,881 to €17,702
- Gross operating margin +€27,810
up €27,810 (+15.7%), from €176,693 to €204,503
- Taxes +€11,627
up €11,627 (+26.1%), from €44,499 to €56,126
- Other operating charges -€6,419
down €6,419 (-58.4%), from €10,987 to €4,568
- Financial income -€3,610
down €3,610 (-52.5%), from €6,872 to €3,262
of which Non-recurring financial income: -€3,392
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 | €310,212 | €286,813 | -€23,399 | -7.5% |
| Fixed assets | 21/28 | €89,465 | €62,484 | -€26,981 | -30.2% |
| Intangible fixed assets | 21 | €3,998 | €1,642 | -€2,356 | -58.9% |
| Tangible fixed assets | 22/27 | €85,467 | €60,842 | -€24,625 | -28.8% |
| Land and buildings | 22 | €36,437 | €33,994 | -€2,443 | -6.7% |
| Furniture and vehicles | 24 | €49,030 | €26,848 | -€22,182 | -45.2% |
| Current assets | 29/58 | €220,747 | €224,329 | +€3,582 | +1.6% |
| Amounts receivable within one year | 40/41 | €18,558 | €55,313 | +€36,755 | +198% |
| Trade receivables | 40 | €18,558 | €52,058 | +€33,500 | +181% |
| Other amounts receivable | 41 | - | €3,255 | +€3,255 | |
| Current investments | 50/53 | €45,729 | €46,293 | +€564 | +1.2% |
| Cash at bank and in hand | 54/58 | €153,318 | €122,723 | -€30,595 | -20.0% |
| Deferred charges and accrued income | 490/1 | €3,142 | - | -€3,142 | |
| Total equity and liabilities | 10/49 | €310,212 | €286,813 | -€23,399 | -7.5% |
| Equity | 10/15 | €157,131 | €134,952 | -€22,179 | -14.1% |
| Contributions | 10/11 | €82,500 | €82,500 | = | 0.0% |
| Reserves | 13 | €34,750 | €34,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,750 | €34,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,881 | €17,702 | -€22,179 | -55.6% |
| Amounts payable | 17/49 | €153,081 | €151,861 | -€1,220 | -0.8% |
| Amounts payable within one year | 42/48 | €153,081 | €151,861 | -€1,220 | -0.8% |
| Trade debts | 44 | €3,859 | €3,304 | -€555 | -14.4% |
| Suppliers | 440/4 | €3,859 | €3,304 | -€555 | -14.4% |
| Taxes, remuneration and social security | 45 | €8,050 | €7,229 | -€821 | -10.2% |
| Taxes | 450/3 | €5,050 | €4,229 | -€821 | -16.3% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €141,172 | €141,328 | +€156 | +0.1% |
| Non-recurring operating income | 76A | €17,104 | - | -€17,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,849 | €28,960 | -€1,889 | -6.1% |
| Other operating charges | 640/8 | €10,987 | €4,568 | -€6,419 | -58.4% |
| Gross operating margin | 9900 | €176,693 | €204,503 | +€27,810 | +15.7% |
| Operating profit (loss) | 9901 | €134,857 | €170,975 | +€36,118 | +26.8% |
| Financial income | 75/76B | €6,872 | €3,262 | -€3,610 | -52.5% |
| Recurring financial income | 75 | €2,917 | €2,699 | -€218 | -7.5% |
| Non-recurring financial income | 76B | €3,955 | €563 | -€3,392 | -85.8% |
| Financial charges | 65/66B | €359 | €290 | -€69 | -19.2% |
| Recurring financial charges | 65 | €359 | €290 | -€69 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €141,370 | €173,947 | +€32,577 | +23.0% |
| Income taxes | 67/77 | €44,499 | €56,126 | +€11,627 | +26.1% |
| Profit (loss) for the period | 9904 | €96,871 | €117,821 | +€20,950 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,871 | €117,821 | +€20,950 | +21.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.