MARC'S IMMO: 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'S IMMO
Largest movements
- Cash +€55,613
up €55,613 (+12.5%), from €444,250 to €499,864
mainly Net result for the year (+€66,413) and Depreciation (+€10,207)
- Profit (loss) carried forward +€63,093
up €63,093 (+8.3%), from €760,748 to €823,841
- Gross operating margin -€14,884
down €14,884 (-10.9%), from €136,900 to €122,016
- Taxes +€5,182
up €5,182 (+16.9%), from €30,663 to €35,845
- Other operating charges +€3,127
up €3,127 (+26.0%), from €12,011 to €15,138
- Depreciation -€1,514
down €1,514 (-12.9%), from €11,721 to €10,207
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,053,055 | €2,119,469 | +€66,413 | +3.2% |
| Fixed assets | 21/28 | €1,391,035 | €1,400,392 | +€9,357 | +0.7% |
| Tangible fixed assets | 22/27 | €1,390,998 | €1,400,355 | +€9,357 | +0.7% |
| Land and buildings | 22 | €1,371,437 | €1,387,408 | +€15,971 | +1.2% |
| Plant, machinery and equipment | 23 | €19,561 | €12,947 | -€6,614 | -33.8% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €662,020 | €719,076 | +€57,056 | +8.6% |
| Amounts receivable within one year | 40/41 | €10,904 | €9,580 | -€1,324 | -12.1% |
| Other amounts receivable | 41 | €10,904 | €9,580 | -€1,324 | -12.1% |
| Current investments | 50/53 | €205,623 | €207,404 | +€1,781 | +0.9% |
| Cash at bank and in hand | 54/58 | €444,250 | €499,864 | +€55,613 | +12.5% |
| Deferred charges and accrued income | 490/1 | €1,243 | €2,228 | +€985 | +79.3% |
| Total equity and liabilities | 10/49 | €2,053,055 | €2,119,469 | +€66,413 | +3.2% |
| Equity | 10/15 | €2,053,055 | €2,119,469 | +€66,413 | +3.2% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Revaluation surpluses | 12 | €470,093 | €470,093 | = | 0.0% |
| Reserves | 13 | €72,214 | €75,534 | +€3,321 | +4.6% |
| Non-distributable reserves | 130/1 | €60,715 | €75,534 | +€14,820 | +24.4% |
| Legal reserve | 130 | €60,715 | €64,035 | +€3,321 | +5.5% |
| Reserves not available under the articles | 1311 | - | €11,499 | +€11,499 | |
| Distributable reserves | 133 | €11,499 | - | -€11,499 | |
| Profit (loss) carried forward | 14 | €760,748 | €823,841 | +€63,093 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,721 | €10,207 | -€1,514 | -12.9% |
| Other operating charges | 640/8 | €12,011 | €15,138 | +€3,127 | +26.0% |
| Gross operating margin | 9900 | €136,900 | €122,016 | -€14,884 | -10.9% |
| Operating profit (loss) | 9901 | €113,168 | €96,670 | -€16,497 | -14.6% |
| Financial income | 75/76B | €5,629 | €5,771 | +€142 | +2.5% |
| Recurring financial income | 75 | €5,629 | €5,771 | +€142 | +2.5% |
| Financial charges | 65/66B | €187 | €183 | -€4 | -1.9% |
| Recurring financial charges | 65 | €187 | €183 | -€4 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €118,610 | €102,259 | -€16,351 | -13.8% |
| Income taxes | 67/77 | €30,663 | €35,845 | +€5,182 | +16.9% |
| Profit (loss) for the period | 9904 | €87,947 | €66,413 | -€21,534 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,947 | €66,413 | -€21,534 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.