MARC LECLUYSE: 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 LECLUYSE
Largest movements
- Cash -€129,937
down €129,937 (-83.7%), from €155,228 to €25,291
mainly Debts after one year (-€99,000) and Current investments (-€25,000)
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets -€9,575
down €9,575 (-12.4%), from €77,499 to €67,924
- Debts after one year -€99,000
down €99,000 (-100%), from €99,000 to €0
- Profit (loss) carried forward -€12,598
down €12,598 (-9.3%), from -€135,369 to -€147,967
- Other debts -€2,468
down €2,468 (-4.8%), from €50,989 to €48,521
- Financial income -€2,868
down €2,868 (-82.4%), from €3,481 to €613
- Gross operating margin -€815
down €815 (-73.2%), from -€1,113 to -€1,928
- Other operating charges +€33
up €33 (+2.0%), from €1,631 to €1,665
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 | €233,929 | €119,041 | -€114,888 | -49.1% |
| Fixed assets | 21/28 | €77,499 | €67,924 | -€9,575 | -12.4% |
| Tangible fixed assets | 22/27 | €77,499 | €67,924 | -€9,575 | -12.4% |
| Land and buildings | 22 | €77,499 | €67,924 | -€9,575 | -12.4% |
| Current assets | 29/58 | €156,430 | €51,117 | -€105,313 | -67.3% |
| Amounts receivable within one year | 40/41 | €1,201 | €826 | -€376 | -31.3% |
| Other amounts receivable | 41 | €1,201 | €826 | -€376 | -31.3% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €155,228 | €25,291 | -€129,937 | -83.7% |
| Total equity and liabilities | 10/49 | €233,929 | €119,041 | -€114,888 | -49.1% |
| Equity | 10/15 | €81,820 | €69,222 | -€12,598 | -15.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €197,189 | €197,189 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €195,189 | €195,189 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,369 | -€147,967 | -€12,598 | -9.3% |
| Amounts payable | 17/49 | €152,109 | €49,819 | -€102,290 | -67.2% |
| Amounts payable after more than one year | 17 | €99,000 | €0 | -€99,000 | -100% |
| Other amounts payable | 178/9 | €99,000 | €0 | -€99,000 | -100% |
| Amounts payable within one year | 42/48 | €50,989 | €48,521 | -€2,468 | -4.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €50,989 | €48,521 | -€2,468 | -4.8% |
| Accrued charges and deferred income | 492/3 | €2,120 | €1,298 | -€822 | -38.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,575 | €9,575 | = | 0.0% |
| Other operating charges | 640/8 | €1,631 | €1,665 | +€33 | +2.0% |
| Gross operating margin | 9900 | -€1,113 | -€1,928 | -€815 | -73.2% |
| Operating profit (loss) | 9901 | -€12,320 | -€13,168 | -€848 | -6.9% |
| Financial income | 75/76B | €3,481 | €613 | -€2,868 | -82.4% |
| Recurring financial income | 75 | €3,481 | €613 | -€2,868 | -82.4% |
| Financial charges | 65/66B | €49 | €44 | -€6 | -11.2% |
| Recurring financial charges | 65 | €49 | €44 | -€6 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,888 | -€12,598 | -€3,710 | -41.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,888 | -€12,598 | -€3,710 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,888 | -€12,598 | -€3,710 | -41.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.