MARC THONÉ: what changed
Two fiscal 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 THONÉ
Largest movements
- Cash +€6,923
up €6,923 (+8.9%), from €77,546 to €84,469
mainly Net result for the year (+€22,595) and Deferred charges and accrued income (+€1,057)
- Receivables within one year +€6,151
up €6,151 (+207.8%), from €2,960 to €9,111
of which Trade receivables: +€8,545
- Deferred charges and accrued income -€1,057
down €1,057 (-81.9%), from €1,292 to €234
- Reserves +€22,595
up €22,595 (+49.1%), from €45,986 to €68,581
- Tax, wage and social debts -€6,810
down €6,810 (-69.5%), from €9,796 to €2,986
- Other debts -€4,246
down €4,246 (-98.6%), from €4,306 to €60
- Gross operating margin +€3,819
up €3,819 (+12.8%), from €29,795 to €33,614
- Taxes +€3,517
up €3,517 (+50.0%), from €7,027 to €10,544
- Financial charges -€2,299
down €2,299 (-94.1%), from €2,442 to €143
- Other operating charges -€360
down €360 (-34.0%), from €1,061 to €700
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.
Cash bridge derived
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 | €81,798 | €93,815 | +€12,017 | +14.7% |
| Current assets | 29/58 | €81,798 | €93,815 | +€12,017 | +14.7% |
| Amounts receivable within one year | 40/41 | €2,960 | €9,111 | +€6,151 | +207.8% |
| Trade receivables | 40 | €567 | €9,111 | +€8,545 | +1508.2% |
| Other amounts receivable | 41 | €2,394 | - | -€2,394 | |
| Cash at bank and in hand | 54/58 | €77,546 | €84,469 | +€6,923 | +8.9% |
| Deferred charges and accrued income | 490/1 | €1,292 | €234 | -€1,057 | -81.9% |
| Total equity and liabilities | 10/49 | €81,798 | €93,815 | +€12,017 | +14.7% |
| Equity | 10/15 | €66,182 | €88,777 | +€22,595 | +34.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €45,986 | €68,581 | +€22,595 | +49.1% |
| Distributable reserves | 133 | €45,986 | €68,581 | +€22,595 | +49.1% |
| Profit (loss) carried forward | 14 | €1,646 | €1,646 | = | 0.0% |
| Amounts payable | 17/49 | €15,616 | €5,038 | -€10,578 | -67.7% |
| Amounts payable within one year | 42/48 | €15,424 | €5,038 | -€10,387 | -67.3% |
| Trade debts | 44 | €1,323 | €1,992 | +€669 | +50.6% |
| Suppliers | 440/4 | €1,323 | €1,992 | +€669 | +50.6% |
| Taxes, remuneration and social security | 45 | €9,796 | €2,986 | -€6,810 | -69.5% |
| Taxes | 450/3 | €9,796 | €2,986 | -€6,810 | -69.5% |
| Other amounts payable | 47/48 | €4,306 | €60 | -€4,246 | -98.6% |
| Accrued charges and deferred income | 492/3 | €191 | - | -€191 | |
| Non-recurring operating income | 76A | €39,500 | - | -€39,500 | |
| Other operating charges | 640/8 | €1,061 | €700 | -€360 | -34.0% |
| Non-recurring operating charges | 66A | €994 | - | -€994 | |
| Gross operating margin | 9900 | €29,795 | €33,614 | +€3,819 | +12.8% |
| Operating profit (loss) | 9901 | €27,740 | €32,913 | +€5,174 | +18.7% |
| Financial income | 75/76B | €470 | €369 | -€101 | -21.4% |
| Recurring financial income | 75 | €470 | €369 | -€101 | -21.4% |
| Financial charges | 65/66B | €2,442 | €143 | -€2,299 | -94.1% |
| Recurring financial charges | 65 | €2,442 | €143 | -€2,299 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €25,767 | €33,139 | +€7,372 | +28.6% |
| Income taxes | 67/77 | €7,027 | €10,544 | +€3,517 | +50.0% |
| Profit (loss) for the period | 9904 | €18,740 | €22,595 | +€3,855 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,740 | €22,595 | +€3,855 | +20.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.