MARC LAVIGNE: 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 LAVIGNE
Largest movements
- Cash -€122,331
down €122,331 (-55.3%), from €221,229 to €98,898
mainly Other debts (-€101,072) and Contributions, distributions and other (-€19,813)
- Tangible fixed assets -€27,518
down €27,518 (-3.6%), from €774,847 to €747,329
of which Furniture and vehicles: -€44,546
- Other debts -€101,072
down €101,072 (-100%), from €101,072 to €0
- Reserves -€19,813
down €19,813 (-3.2%), from €624,559 to €604,746
of which Tax-exempt reserves: -€19,813
- Debts after one year -€15,116
down €15,116 (-20.6%), from €73,298 to €58,182
- Depreciation -€3,191
down €3,191 (-8.5%), from €37,570 to €34,378
- Gross operating margin +€1,431
up €1,431 (+8.1%), from €17,609 to €19,040
- Financial income -€1,155
down €1,155 (-30.4%), from €3,801 to €2,646
- Taxes +€425
up €425 (+49.8%), from €853 to €1,278
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 | €1,066,604 | €927,640 | -€138,964 | -13.0% |
| Formation expenses | 20 | €17,989 | €14,391 | -€3,598 | -20.0% |
| Fixed assets | 21/28 | €774,847 | €747,329 | -€27,518 | -3.6% |
| Tangible fixed assets | 22/27 | €774,847 | €747,329 | -€27,518 | -3.6% |
| Land and buildings | 22 | €473,513 | €460,772 | -€12,741 | -2.7% |
| Furniture and vehicles | 24 | €120,679 | €76,133 | -€44,546 | -36.9% |
| Other tangible fixed assets | 26 | €180,655 | €210,425 | +€29,770 | +16.5% |
| Current assets | 29/58 | €273,767 | €165,919 | -€107,848 | -39.4% |
| Amounts receivable within one year | 40/41 | €843 | €11,100 | +€10,257 | +1,217% |
| Trade receivables | 40 | €843 | €959 | +€116 | +13.8% |
| Other amounts receivable | 41 | €0 | €10,141 | +€10,141 | |
| Current investments | 50/53 | €50,966 | €53,126 | +€2,160 | +4.2% |
| Cash at bank and in hand | 54/58 | €221,229 | €98,898 | -€122,331 | -55.3% |
| Deferred charges and accrued income | 490/1 | €730 | €2,795 | +€2,065 | +283% |
| Total equity and liabilities | 10/49 | €1,066,604 | €927,640 | -€138,964 | -13.0% |
| Equity | 10/15 | €755,278 | €743,364 | -€11,914 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €624,559 | €604,746 | -€19,813 | -3.2% |
| Non-distributable reserves | 130/1 | €24,360 | €24,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,360 | €24,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €342,199 | €322,386 | -€19,813 | -5.8% |
| Distributable reserves | 133 | €258,000 | €258,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,118 | €120,017 | +€7,899 | +7.0% |
| Provisions and deferred taxes | 16 | €114,066 | €107,462 | -€6,604 | -5.8% |
| Deferred taxes | 168 | €114,066 | €107,462 | -€6,604 | -5.8% |
| Amounts payable | 17/49 | €197,259 | €76,814 | -€120,446 | -61.1% |
| Amounts payable after more than one year | 17 | €73,298 | €58,182 | -€15,116 | -20.6% |
| Financial debts | 170/4 | €73,298 | €58,182 | -€15,116 | -20.6% |
| Amounts payable within one year | 42/48 | €123,596 | €18,632 | -€104,964 | -84.9% |
| Current portion of amounts payable after more than one year | 42 | €14,952 | €15,116 | +€165 | +1.1% |
| Trade debts | 44 | €1,897 | €3,515 | +€1,618 | +85.3% |
| Suppliers | 440/4 | €1,897 | €3,515 | +€1,618 | +85.3% |
| Taxes, remuneration and social security | 45 | €5,675 | €0 | -€5,675 | -100% |
| Taxes | 450/3 | €5,675 | €0 | -€5,675 | -100% |
| Other amounts payable | 47/48 | €101,072 | €0 | -€101,072 | -100% |
| Accrued charges and deferred income | 492/3 | €365 | €0 | -€365 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,570 | €34,378 | -€3,191 | -8.5% |
| Other operating charges | 640/8 | €3,163 | €3,260 | +€97 | +3.1% |
| Gross operating margin | 9900 | €17,609 | €19,040 | +€1,431 | +8.1% |
| Operating profit (loss) | 9901 | -€23,124 | -€18,599 | +€4,525 | +19.6% |
| Financial income | 75/76B | €3,801 | €2,646 | -€1,155 | -30.4% |
| Recurring financial income | 75 | €3,801 | €2,646 | -€1,155 | -30.4% |
| Financial charges | 65/66B | €1,416 | €1,288 | -€128 | -9.1% |
| Recurring financial charges | 65 | €1,416 | €1,288 | -€128 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,739 | -€17,241 | +€3,498 | +16.9% |
| Transfer from deferred taxes | 780 | €26,417 | €26,417 | = | 0.0% |
| Income taxes | 67/77 | €853 | €1,278 | +€425 | +49.8% |
| Profit (loss) for the period | 9904 | €4,825 | €7,899 | +€3,074 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,825 | €7,899 | +€3,074 | +63.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.