Marc Elec: 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 Elec
Largest movements
- Tangible fixed assets -€8,327
down €8,327 (-26.5%), from €31,481 to €23,154
of which Furniture and vehicles: -€7,651
- Deferred charges and accrued income +€2,820
new in 2025: €2,820
- Other debts +€177,979
new in 2025: €177,979
- Reserves -€177,103
down €177,103 (-83.6%), from €211,907 to €34,804
of which Distributable reserves: -€177,103
- Tax, wage and social debts -€3,209
down €3,209 (-20.2%), from €15,882 to €12,673
of which Remuneration and social security: -€4,000
- Gross operating margin -€7,627
down €7,627 (-44.8%), from €17,017 to €9,391
- Depreciation +€4,842
up €4,842 (+139%), from €3,486 to €8,327
- Taxes -€3,451
down €3,451 (-91.8%), from €3,761 to €310
- Other operating charges +€181
up €181 (+142%), from €128 to €308
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 | €264,645 | €262,768 | -€1,877 | -0.7% |
| Fixed assets | 21/28 | €31,481 | €23,154 | -€8,327 | -26.5% |
| Tangible fixed assets | 22/27 | €31,481 | €23,154 | -€8,327 | -26.5% |
| Plant, machinery and equipment | 23 | €677 | - | -€677 | |
| Furniture and vehicles | 24 | €30,804 | €23,154 | -€7,651 | -24.8% |
| Current assets | 29/58 | €233,164 | €239,614 | +€6,450 | +2.8% |
| Stocks and contracts in progress | 3 | €510 | €1,295 | +€785 | +154% |
| Stocks | 30/36 | €510 | €1,295 | +€785 | +154% |
| Amounts receivable within one year | 40/41 | €21,176 | €23,551 | +€2,375 | +11.2% |
| Trade receivables | 40 | €13,388 | €23,551 | +€10,163 | +75.9% |
| Other amounts receivable | 41 | €7,788 | - | -€7,788 | |
| Cash at bank and in hand | 54/58 | €211,477 | €211,947 | +€470 | +0.2% |
| Deferred charges and accrued income | 490/1 | - | €2,820 | +€2,820 | |
| Total equity and liabilities | 10/49 | €264,645 | €262,768 | -€1,877 | -0.7% |
| Equity | 10/15 | €242,907 | €65,804 | -€177,103 | -72.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €211,907 | €34,804 | -€177,103 | -83.6% |
| Non-distributable reserves | 130/1 | €11,230 | €11,230 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,230 | €11,230 | = | 0.0% |
| Distributable reserves | 133 | €200,678 | €23,575 | -€177,103 | -88.3% |
| Amounts payable | 17/49 | €21,737 | €196,963 | +€175,226 | +806% |
| Amounts payable within one year | 42/48 | €21,737 | €196,963 | +€175,226 | +806% |
| Trade debts | 44 | €5,855 | €6,311 | +€456 | +7.8% |
| Suppliers | 440/4 | €5,855 | €6,311 | +€456 | +7.8% |
| Taxes, remuneration and social security | 45 | €15,882 | €12,673 | -€3,209 | -20.2% |
| Taxes | 450/3 | €4,382 | €5,173 | +€791 | +18.0% |
| Remuneration and social security | 454/9 | €11,500 | €7,500 | -€4,000 | -34.8% |
| Other amounts payable | 47/48 | - | €177,979 | +€177,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,486 | €8,327 | +€4,842 | +139% |
| Other operating charges | 640/8 | €128 | €308 | +€181 | +142% |
| Gross operating margin | 9900 | €17,017 | €9,391 | -€7,627 | -44.8% |
| Operating profit (loss) | 9901 | €13,404 | €755 | -€12,649 | -94.4% |
| Financial income | 75/76B | €452 | €431 | -€20 | -4.5% |
| Recurring financial income | 75 | €452 | €431 | -€20 | -4.5% |
| Financial charges | 65/66B | €66 | €101 | +€35 | +52.5% |
| Recurring financial charges | 65 | €66 | €101 | +€35 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €13,790 | €1,086 | -€12,704 | -92.1% |
| Income taxes | 67/77 | €3,761 | €310 | -€3,451 | -91.8% |
| Profit (loss) for the period | 9904 | €10,029 | €777 | -€9,252 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,029 | €777 | -€9,252 | -92.3% |
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 19 October 2026 via checked.be.