MARC THOMASSET: 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 THOMASSET
Largest movements
- Cash +€34,238
up €34,238 (+26.4%), from €129,764 to €164,002
mainly Receivables within one year (+€18,358) and Other debts (+€11,906)
- Receivables within one year -€18,358
down €18,358 (-33.1%), from €55,437 to €37,078
- Other debts +€11,906
up €11,906 (+24.2%), from €49,257 to €61,163
- Trade debts +€2,534
up €2,534 (+99.9%), from €2,537 to €5,070
- Tax, wage and social debts +€2,484
up €2,484 (+25.6%), from €9,694 to €12,178
of which Taxes: +€2,484
- Other operating charges -€6,883
down €6,883 (-30.3%), from €22,703 to €15,820
- Gross operating margin -€4,639
down €4,639 (-20.6%), from €22,529 to €17,891
- Taxes +€756
up €756 (+69.9%), from €1,082 to €1,839
- Financial charges +€351
up €351 (+37.4%), from €937 to €1,287
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 | €191,386 | €206,452 | +€15,066 | +7.9% |
| Fixed assets | 21/28 | €4,654 | €3,840 | -€814 | -17.5% |
| Tangible fixed assets | 22/27 | €4,602 | €3,788 | -€814 | -17.7% |
| Furniture and vehicles | 24 | €1,374 | €679 | -€695 | -50.6% |
| Other tangible fixed assets | 26 | €3,228 | €3,109 | -€119 | -3.7% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €186,732 | €202,612 | +€15,880 | +8.5% |
| Amounts receivable within one year | 40/41 | €55,437 | €37,078 | -€18,358 | -33.1% |
| Trade receivables | 40 | €55,437 | €37,078 | -€18,358 | -33.1% |
| Cash at bank and in hand | 54/58 | €129,764 | €164,002 | +€34,238 | +26.4% |
| Deferred charges and accrued income | 490/1 | €1,532 | €1,532 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €191,386 | €206,452 | +€15,066 | +7.9% |
| Equity | 10/15 | €129,898 | €128,041 | -€1,857 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,838 | €119,981 | -€1,857 | -1.5% |
| Amounts payable | 17/49 | €61,488 | €78,411 | +€16,923 | +27.5% |
| Amounts payable within one year | 42/48 | €61,488 | €78,411 | +€16,923 | +27.5% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,537 | €5,070 | +€2,534 | +99.9% |
| Suppliers | 440/4 | €2,537 | €5,070 | +€2,534 | +99.9% |
| Taxes, remuneration and social security | 45 | €9,694 | €12,178 | +€2,484 | +25.6% |
| Taxes | 450/3 | €8,194 | €10,678 | +€2,484 | +30.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €49,257 | €61,163 | +€11,906 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786 | €814 | +€29 | +3.6% |
| Other operating charges | 640/8 | €22,703 | €15,820 | -€6,883 | -30.3% |
| Gross operating margin | 9900 | €22,529 | €17,891 | -€4,639 | -20.6% |
| Operating profit (loss) | 9901 | -€959 | €1,257 | +€2,216 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +117,600% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +117,600% |
| Financial charges | 65/66B | €937 | €1,287 | +€351 | +37.4% |
| Recurring financial charges | 65 | €937 | €1,287 | +€351 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,896 | -€19 | +€1,877 | +99.0% |
| Income taxes | 67/77 | €1,082 | €1,839 | +€756 | +69.9% |
| Profit (loss) for the period | 9904 | -€2,978 | -€1,857 | +€1,121 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,978 | -€1,857 | +€1,121 | +37.6% |
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 25 October 2026 via checked.be.