MARC JUNIOR: 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 JUNIOR
Largest movements
- Cash -€12,638
down €12,638 (-12.3%), from €102,780 to €90,142
mainly Net result for the year (-€20,007) and Tax, wage and social debts (-€240)
- Tangible fixed assets -€2,421
down €2,421 (-3.8%), from €64,026 to €61,605
of which Plant, machinery and equipment: -€1,567
- Receivables within one year -€2,099
down €2,099 (-93.5%), from €2,245 to €146
- Profit (loss) carried forward -€20,007
down €20,007 (-410.3%), from -€4,876 to -€24,883
- Other debts +€2,113
up €2,113 (+22.7%), from €9,299 to €11,412
- Gross operating margin -€5,451
down €5,451, from €426 to -€5,025
- Other operating charges +€1,403
up €1,403 (+29.6%), from €4,745 to €6,148
- Financial charges -€794
down €794 (-11.0%), from €7,207 to €6,413
- Depreciation -€534
down €534 (-18.1%), from €2,955 to €2,421
- Taxes -€94
no longer reported in 2025 (was €94)
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.
Cash bridge derived
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 | €170,461 | €152,102 | -€18,359 | -10.8% |
| Fixed assets | 21/28 | €64,236 | €61,814 | -€2,422 | -3.8% |
| Tangible fixed assets | 22/27 | €64,026 | €61,605 | -€2,421 | -3.8% |
| Land and buildings | 22 | €58,541 | €57,687 | -€854 | -1.5% |
| Plant, machinery and equipment | 23 | €5,485 | €3,918 | -€1,567 | -28.6% |
| Financial fixed assets | 28 | €210 | €210 | -€0 | -0.2% |
| Current assets | 29/58 | €106,225 | €90,288 | -€15,937 | -15.0% |
| Amounts receivable within one year | 40/41 | €2,245 | €146 | -€2,099 | -93.5% |
| Other amounts receivable | 41 | €2,245 | €146 | -€2,099 | -93.5% |
| Cash at bank and in hand | 54/58 | €102,780 | €90,142 | -€12,638 | -12.3% |
| Deferred charges and accrued income | 490/1 | €1,200 | - | -€1,200 | |
| Total equity and liabilities | 10/49 | €170,461 | €152,102 | -€18,359 | -10.8% |
| Equity | 10/15 | €73,616 | €53,609 | -€20,007 | -27.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €16,492 | €16,492 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €10,292 | €10,292 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€4,876 | -€24,883 | -€20,007 | -410.3% |
| Amounts payable | 17/49 | €96,845 | €98,493 | +€1,648 | +1.7% |
| Amounts payable after more than one year | 17 | €85,000 | €85,000 | = | 0.0% |
| Financial debts | 170/4 | €85,000 | €85,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,845 | €13,493 | +€1,648 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €276 | €276 | -€0 | -0.1% |
| Trade debts | 44 | €225 | - | -€225 | |
| Suppliers | 440/4 | €225 | - | -€225 | |
| Taxes, remuneration and social security | 45 | €2,045 | €1,805 | -€240 | -11.7% |
| Taxes | 450/3 | €2,045 | €1,805 | -€240 | -11.7% |
| Other amounts payable | 47/48 | €9,299 | €11,412 | +€2,113 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,955 | €2,421 | -€534 | -18.1% |
| Other operating charges | 640/8 | €4,745 | €6,148 | +€1,403 | +29.6% |
| Gross operating margin | 9900 | €426 | -€5,025 | -€5,451 | |
| Operating profit (loss) | 9901 | -€7,274 | -€13,594 | -€6,320 | -86.9% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €7,207 | €6,413 | -€794 | -11.0% |
| Recurring financial charges | 65 | €7,207 | €6,413 | -€794 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,479 | -€20,007 | -€5,528 | -38.2% |
| Income taxes | 67/77 | €94 | - | -€94 | |
| Profit (loss) for the period | 9904 | -€14,573 | -€20,007 | -€5,434 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,573 | -€20,007 | -€5,434 | -37.3% |
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 9 October 2026 via checked.be.