MARC SIMOENS: 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 SIMOENS
Largest movements
- Cash +€55,771
up €55,771 (+233%), from €23,896 to €79,668
mainly Net result for the year (+€44,151) and Depreciation (+€24,747)
- Tangible fixed assets -€20,743
down €20,743 (-8.7%), from €239,338 to €218,595
of which Other tangible fixed assets: -€119,922
- Receivables within one year +€11,614
up €11,614 (+51.4%), from €22,604 to €34,219
of which Other amounts receivable: +€9,762
- Reserves +€44,266
up €44,266 (+36.8%), from €120,325 to €164,591
- Gross operating margin +€5,168
up €5,168 (+5.6%), from €92,297 to €97,464
- Other operating charges -€4,745
down €4,745 (-66.4%), from €7,142 to €2,397
- Taxes -€2,523
down €2,523 (-10.1%), from €24,966 to €22,443
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,095 | €333,209 | +€45,114 | +15.7% |
| Fixed assets | 21/28 | €239,338 | €218,595 | -€20,743 | -8.7% |
| Tangible fixed assets | 22/27 | €239,338 | €218,595 | -€20,743 | -8.7% |
| Land and buildings | 22 | €102,639 | €214,361 | +€111,721 | +109% |
| Plant, machinery and equipment | 23 | €7,890 | - | -€7,890 | |
| Furniture and vehicles | 24 | €8,886 | €4,235 | -€4,652 | -52.3% |
| Other tangible fixed assets | 26 | €119,922 | - | -€119,922 | |
| Current assets | 29/58 | €48,757 | €114,614 | +€65,857 | +135% |
| Amounts receivable within one year | 40/41 | €22,604 | €34,219 | +€11,614 | +51.4% |
| Trade receivables | 40 | €14,958 | €16,810 | +€1,852 | +12.4% |
| Other amounts receivable | 41 | €7,646 | €17,408 | +€9,762 | +128% |
| Cash at bank and in hand | 54/58 | €23,896 | €79,668 | +€55,771 | +233% |
| Deferred charges and accrued income | 490/1 | €2,256 | €727 | -€1,529 | -67.8% |
| Total equity and liabilities | 10/49 | €288,095 | €333,209 | +€45,114 | +15.7% |
| Equity | 10/15 | €280,701 | €324,852 | +€44,151 | +15.7% |
| Contributions | 10/11 | €20,451 | €18,592 | -€1,859 | -9.1% |
| Reserves | 13 | €120,325 | €164,591 | +€44,266 | +36.8% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | - | €20,568 | +€20,568 | |
| Distributable reserves | 133 | €120,325 | €142,164 | +€21,839 | +18.1% |
| Profit (loss) carried forward | 14 | €139,924 | €141,668 | +€1,744 | +1.2% |
| Amounts payable | 17/49 | €7,394 | €8,357 | +€963 | +13.0% |
| Amounts payable within one year | 42/48 | €7,394 | €7,290 | -€104 | -1.4% |
| Trade debts | 44 | €293 | €592 | +€299 | +102% |
| Suppliers | 440/4 | €293 | €592 | +€299 | +102% |
| Taxes, remuneration and social security | 45 | €2,499 | €2,250 | -€250 | -10.0% |
| Taxes | 450/3 | €2,499 | €2,250 | -€250 | -10.0% |
| Other amounts payable | 47/48 | €4,602 | €4,449 | -€153 | -3.3% |
| Accrued charges and deferred income | 492/3 | - | €1,067 | +€1,067 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,658 | €24,747 | +€89 | +0.4% |
| Other operating charges | 640/8 | €7,142 | €2,397 | -€4,745 | -66.4% |
| Non-recurring operating charges | 66A | - | €3,583 | +€3,583 | |
| Gross operating margin | 9900 | €92,297 | €97,464 | +€5,168 | +5.6% |
| Operating profit (loss) | 9901 | €60,497 | €66,737 | +€6,240 | +10.3% |
| Financial income | 75/76B | €0 | €33 | +€33 | +18,211% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +18,211% |
| Financial charges | 65/66B | €897 | €175 | -€722 | -80.5% |
| Recurring financial charges | 65 | €897 | €175 | -€722 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €59,600 | €66,594 | +€6,995 | +11.7% |
| Income taxes | 67/77 | €24,966 | €22,443 | -€2,523 | -10.1% |
| Profit (loss) for the period | 9904 | €34,634 | €44,151 | +€9,517 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,634 | €44,151 | +€9,517 | +27.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.