Marc & Emma: 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 & Emma
Largest movements
- Cash -€9,678
down €9,678 (-94.4%), from €10,253 to €575
mainly Net result for the year (-€27,019) and Trade debts (-€1,555)
- Receivables within one year +€636
up €636 (+101%), from €629 to €1,265
of which Trade receivables: +€1,200
- Tangible fixed assets -€269
no longer reported in 2025 (was €269)
- Profit (loss) carried forward -€22,012
new in 2025: -€22,012
- Debts after one year +€18,940
new in 2025: €18,940
- Reserves -€5,007
no longer reported in 2025 (was €5,007)
- Trade debts -€1,555
down €1,555 (-73.6%), from €2,114 to €559
- Tax, wage and social debts +€852
new in 2025: €852
- Gross operating margin -€12,325
down €12,325 (-89.9%), from -€13,715 to -€26,040
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 | €11,651 | €2,339 | -€9,312 | -79.9% |
| Fixed assets | 21/28 | €769 | €500 | -€269 | -35.0% |
| Tangible fixed assets | 22/27 | €269 | - | -€269 | |
| Plant, machinery and equipment | 23 | €269 | - | -€269 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €10,882 | €1,839 | -€9,042 | -83.1% |
| Amounts receivable within one year | 40/41 | €629 | €1,265 | +€636 | +101% |
| Trade receivables | 40 | - | €1,200 | +€1,200 | |
| Other amounts receivable | 41 | €629 | €65 | -€564 | -89.7% |
| Cash at bank and in hand | 54/58 | €10,253 | €575 | -€9,678 | -94.4% |
| Total equity and liabilities | 10/49 | €11,651 | €2,339 | -€9,312 | -79.9% |
| Equity | 10/15 | €9,007 | -€18,012 | -€27,019 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €5,007 | - | -€5,007 | |
| Distributable reserves | 133 | €5,007 | - | -€5,007 | |
| Profit (loss) carried forward | 14 | - | -€22,012 | -€22,012 | |
| Amounts payable | 17/49 | €2,644 | €20,351 | +€17,707 | +670% |
| Amounts payable after more than one year | 17 | - | €18,940 | +€18,940 | |
| Financial debts | 170/4 | - | €18,940 | +€18,940 | |
| Amounts payable within one year | 42/48 | €2,114 | €1,411 | -€703 | -33.3% |
| Trade debts | 44 | €2,114 | €559 | -€1,555 | -73.6% |
| Suppliers | 440/4 | €2,114 | €559 | -€1,555 | -73.6% |
| Taxes, remuneration and social security | 45 | - | €852 | +€852 | |
| Taxes | 450/3 | - | €852 | +€852 | |
| Accrued charges and deferred income | 492/3 | €530 | - | -€530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453 | €269 | -€184 | -40.5% |
| Other operating charges | 640/8 | €387 | €558 | +€170 | +44.0% |
| Gross operating margin | 9900 | -€13,715 | -€26,040 | -€12,325 | -89.9% |
| Operating profit (loss) | 9901 | -€14,555 | -€26,867 | -€12,312 | -84.6% |
| Financial income | 75/76B | €10 | €3 | -€7 | -70.6% |
| Recurring financial income | 75 | €10 | €3 | -€7 | -70.6% |
| Financial charges | 65/66B | €176 | €155 | -€21 | -11.8% |
| Recurring financial charges | 65 | €176 | €155 | -€21 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,720 | -€27,019 | -€12,298 | -83.5% |
| Profit (loss) for the period | 9904 | -€14,720 | -€27,019 | -€12,298 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,720 | -€27,019 | -€12,298 | -83.5% |
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 26 October 2026 via checked.be.