Marc Gotink: 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 Gotink
Largest movements
- Cash +€27,892
up €27,892 (+43.3%), from €64,358 to €92,250
mainly Net result for the year (+€29,284) and Tax, wage and social debts (+€7,055)
- Receivables within one year -€6,801
down €6,801 (-34.9%), from €19,485 to €12,684
of which Trade receivables: -€6,366
- Tangible fixed assets -€3,700
down €3,700 (-43.7%), from €8,470 to €4,770
of which Furniture and vehicles: -€1,867
- Reserves +€28,280
up €28,280 (+204%), from €13,860 to €42,140
- Advances received -€22,000
down €22,000 (-100%), from €22,000 to €0
- Tax, wage and social debts +€7,055
up €7,055 (+1,790%), from €394 to €7,449
- Trade debts +€4,814
up €4,814 (+185%), from €2,596 to €7,410
- Other debts +€3,485
up €3,485 (+10.6%), from €32,873 to €36,358
- Taxes +€6,428
up €6,428 (+105%), from €6,115 to €12,543
- Gross operating margin +€3,847
up €3,847 (+8.6%), from €44,827 to €48,674
- Depreciation +€1,559
up €1,559 (+34.4%), from €4,527 to €6,087
- Financial income +€587
up €587 (+313%), from €188 to €775
- Other operating charges +€547
up €547 (+69.5%), from €788 to €1,335
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 | €96,769 | €114,606 | +€17,837 | +18.4% |
| Fixed assets | 21/28 | €8,470 | €4,770 | -€3,700 | -43.7% |
| Tangible fixed assets | 22/27 | €8,470 | €4,770 | -€3,700 | -43.7% |
| Land and buildings | 22 | €819 | €409 | -€409 | -50.0% |
| Plant, machinery and equipment | 23 | €3,533 | €2,110 | -€1,423 | -40.3% |
| Furniture and vehicles | 24 | €4,118 | €2,251 | -€1,867 | -45.3% |
| Current assets | 29/58 | €88,299 | €109,836 | +€21,537 | +24.4% |
| Stocks and contracts in progress | 3 | €4,150 | €3,897 | -€253 | -6.1% |
| Stocks | 30/36 | €4,150 | €3,897 | -€253 | -6.1% |
| Amounts receivable within one year | 40/41 | €19,485 | €12,684 | -€6,801 | -34.9% |
| Trade receivables | 40 | €19,050 | €12,684 | -€6,366 | -33.4% |
| Other amounts receivable | 41 | €435 | €0 | -€435 | -100% |
| Cash at bank and in hand | 54/58 | €64,358 | €92,250 | +€27,892 | +43.3% |
| Deferred charges and accrued income | 490/1 | €306 | €1,006 | +€699 | +228% |
| Total equity and liabilities | 10/49 | €96,769 | €114,606 | +€17,837 | +18.4% |
| Equity | 10/15 | €27,475 | €55,759 | +€28,284 | +103% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,860 | €42,140 | +€28,280 | +204% |
| Distributable reserves | 133 | €13,860 | €42,140 | +€28,280 | +204% |
| Profit (loss) carried forward | 14 | €7,415 | €7,419 | +€4 | +0.1% |
| Provisions and deferred taxes | 16 | €6,832 | €6,832 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,832 | €6,832 | = | 0.0% |
| Pensions and similar obligations | 160 | €6,832 | €6,832 | = | 0.0% |
| Amounts payable | 17/49 | €62,462 | €52,015 | -€10,447 | -16.7% |
| Amounts payable after more than one year | 17 | €798 | €0 | -€798 | -100% |
| Financial debts | 170/4 | €798 | €0 | -€798 | -100% |
| Amounts payable within one year | 42/48 | €61,002 | €52,015 | -€8,987 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €3,139 | €798 | -€2,341 | -74.6% |
| Trade debts | 44 | €2,596 | €7,410 | +€4,814 | +185% |
| Suppliers | 440/4 | €2,596 | €7,410 | +€4,814 | +185% |
| Advances received on contracts in progress | 46 | €22,000 | €0 | -€22,000 | -100% |
| Taxes, remuneration and social security | 45 | €394 | €7,449 | +€7,055 | +1,790% |
| Taxes | 450/3 | €394 | €7,449 | +€7,055 | +1,790% |
| Other amounts payable | 47/48 | €32,873 | €36,358 | +€3,485 | +10.6% |
| Accrued charges and deferred income | 492/3 | €662 | €0 | -€662 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,527 | €6,087 | +€1,559 | +34.4% |
| Other operating charges | 640/8 | €788 | €1,335 | +€547 | +69.5% |
| Gross operating margin | 9900 | €44,827 | €48,674 | +€3,847 | +8.6% |
| Operating profit (loss) | 9901 | €39,512 | €41,252 | +€1,741 | +4.4% |
| Financial income | 75/76B | €188 | €775 | +€587 | +313% |
| Recurring financial income | 75 | €188 | €775 | +€587 | +313% |
| Financial charges | 65/66B | €339 | €200 | -€139 | -41.0% |
| Recurring financial charges | 65 | €339 | €200 | -€139 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €39,360 | €41,827 | +€2,467 | +6.3% |
| Income taxes | 67/77 | €6,115 | €12,543 | +€6,428 | +105% |
| Profit (loss) for the period | 9904 | €33,245 | €29,284 | -€3,961 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,245 | €29,284 | -€3,961 | -11.9% |
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 17 October 2026 via checked.be.