MARC DUBOIS PROJECTS: 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 DUBOIS PROJECTS
Largest movements
- Cash -€16,923
down €16,923 (-39.8%), from €42,486 to €25,563
mainly Debts after one year (-€16,044) and Short-term financial debts (-€9,990)
- Receivables within one year -€11,025
down €11,025 (-51.4%), from €21,449 to €10,424
of which Trade receivables: -€19,739
- Tangible fixed assets -€7,559
down €7,559 (-2.6%), from €288,213 to €280,654
of which Land and buildings: -€9,234
- Debts after one year -€16,044
down €16,044 (-5.5%), from €293,197 to €277,153
- Short-term financial debts -€9,990
no longer reported in 2025 (was €9,990)
- Trade debts -€3,907
down €3,907 (-56.5%), from €6,914 to €3,007
- Gross operating margin -€33,142
down €33,142 (-57.3%), from €57,826 to €24,684
- Financial charges -€3,627
down €3,627 (-19.9%), from €18,242 to €14,615
- Other operating charges -€737
down €737 (-39.1%), from €1,887 to €1,150
- Depreciation +€717
up €717 (+7.7%), from €9,341 to €10,059
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 | €352,337 | €318,054 | -€34,283 | -9.7% |
| Fixed assets | 21/28 | €288,213 | €280,654 | -€7,559 | -2.6% |
| Tangible fixed assets | 22/27 | €288,213 | €280,654 | -€7,559 | -2.6% |
| Land and buildings | 22 | €287,233 | €277,999 | -€9,234 | -3.2% |
| Plant, machinery and equipment | 23 | €31 | - | -€31 | |
| Furniture and vehicles | 24 | €949 | €2,656 | +€1,707 | +180% |
| Current assets | 29/58 | €64,124 | €37,399 | -€26,725 | -41.7% |
| Amounts receivable within one year | 40/41 | €21,449 | €10,424 | -€11,025 | -51.4% |
| Trade receivables | 40 | €20,262 | €523 | -€19,739 | -97.4% |
| Other amounts receivable | 41 | €1,186 | €9,901 | +€8,714 | +735% |
| Cash at bank and in hand | 54/58 | €42,486 | €25,563 | -€16,923 | -39.8% |
| Deferred charges and accrued income | 490/1 | €190 | €1,412 | +€1,223 | +645% |
| Total equity and liabilities | 10/49 | €352,337 | €318,054 | -€34,283 | -9.7% |
| Equity | 10/15 | €20,876 | €19,741 | -€1,135 | -5.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €14,500 | €14,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,684 | -€2,819 | -€1,135 | -67.4% |
| Amounts payable | 17/49 | €331,461 | €298,312 | -€33,148 | -10.0% |
| Amounts payable after more than one year | 17 | €293,197 | €277,153 | -€16,044 | -5.5% |
| Financial debts | 170/4 | €293,197 | €277,153 | -€16,044 | -5.5% |
| Amounts payable within one year | 42/48 | €37,943 | €20,839 | -€17,104 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €15,270 | €16,044 | +€774 | +5.1% |
| Financial debts | 43 | €9,990 | - | -€9,990 | |
| Credit institutions | 430/8 | €9,990 | - | -€9,990 | |
| Trade debts | 44 | €6,914 | €3,007 | -€3,907 | -56.5% |
| Suppliers | 440/4 | €6,914 | €3,007 | -€3,907 | -56.5% |
| Advances received on contracts in progress | 46 | €1,326 | - | -€1,326 | |
| Taxes, remuneration and social security | 45 | €1,541 | €1,788 | +€247 | +16.0% |
| Taxes | 450/3 | €1,541 | €1,788 | +€247 | +16.0% |
| Other amounts payable | 47/48 | €2,902 | - | -€2,902 | |
| Accrued charges and deferred income | 492/3 | €320 | €320 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €536 | - | -€536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,341 | €10,059 | +€717 | +7.7% |
| Other operating charges | 640/8 | €1,887 | €1,150 | -€737 | -39.1% |
| Gross operating margin | 9900 | €57,826 | €24,684 | -€33,142 | -57.3% |
| Operating profit (loss) | 9901 | €46,062 | €13,476 | -€32,587 | -70.7% |
| Financial income | 75/76B | €150 | €5 | -€146 | -96.9% |
| Recurring financial income | 75 | €150 | €5 | -€146 | -96.9% |
| Financial charges | 65/66B | €18,242 | €14,615 | -€3,627 | -19.9% |
| Recurring financial charges | 65 | €18,242 | €14,615 | -€3,627 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €27,971 | -€1,135 | -€29,106 | |
| Income taxes | 67/77 | €323 | - | -€323 | |
| Profit (loss) for the period | 9904 | €27,648 | -€1,135 | -€28,783 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,648 | -€1,135 | -€28,783 |
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 27 October 2026 via checked.be.