Marc Travers Consult: 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 Travers Consult
Largest movements
- Receivables within one year -€11,758
down €11,758 (-28.2%), from €41,645 to €29,887
of which Trade receivables: -€8,195
- Cash +€7,830
up €7,830 (+6.3%), from €123,934 to €131,764
mainly Other debts (+€60,274) and Net result for the year (+€47,715)
- Tangible fixed assets -€3,278
down €3,278 (-66.7%), from €4,916 to €1,638
of which Furniture and vehicles: -€3,076
- Reserves -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Other debts +€60,274
up €60,274 (+120.5%), from €50,000 to €110,274
- Profit (loss) carried forward +€17,441
up €17,441 (+89.6%), from €19,459 to €36,900
- Tax, wage and social debts -€5,149
down €5,149 (-59.2%), from €8,699 to €3,550
- Accrued charges and deferred income +€2,400
up €2,400 (+2393.5%), from €100 to €2,500
- Gross operating margin -€29,658
down €29,658 (-31.5%), from €94,034 to €64,376
- Taxes -€5,406
down €5,406 (-29.7%), from €18,212 to €12,806
- Depreciation -€2,093
down €2,093 (-77.7%), from €2,694 to €601
- Financial income -€1,924
down €1,924 (-83.2%), from €2,312 to €389
- Other operating charges -€1,905
down €1,905 (-61.6%), from €3,094 to €1,189
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 | €173,236 | €164,813 | -€8,423 | -4.9% |
| Fixed assets | 21/28 | €5,259 | €1,982 | -€3,278 | -62.3% |
| Tangible fixed assets | 22/27 | €4,916 | €1,638 | -€3,278 | -66.7% |
| Furniture and vehicles | 24 | €3,076 | €0 | -€3,076 | -100.0% |
| Other tangible fixed assets | 26 | €1,840 | €1,638 | -€202 | -11.0% |
| Financial fixed assets | 28 | €343 | €343 | = | 0.0% |
| Current assets | 29/58 | €167,977 | €162,831 | -€5,146 | -3.1% |
| Amounts receivable within one year | 40/41 | €41,645 | €29,887 | -€11,758 | -28.2% |
| Trade receivables | 40 | €32,250 | €24,055 | -€8,195 | -25.4% |
| Other amounts receivable | 41 | €9,395 | €5,832 | -€3,563 | -37.9% |
| Cash at bank and in hand | 54/58 | €123,934 | €131,764 | +€7,830 | +6.3% |
| Deferred charges and accrued income | 490/1 | €2,398 | €1,180 | -€1,218 | -50.8% |
| Total equity and liabilities | 10/49 | €173,236 | €164,813 | -€8,423 | -4.9% |
| Equity | 10/15 | €109,459 | €46,900 | -€62,559 | -57.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €0 | -€80,000 | -100.0% |
| Distributable reserves | 133 | €80,000 | €0 | -€80,000 | -100.0% |
| Profit (loss) carried forward | 14 | €19,459 | €36,900 | +€17,441 | +89.6% |
| Amounts payable | 17/49 | €63,777 | €117,913 | +€54,136 | +84.9% |
| Amounts payable after more than one year | 17 | €1,616 | €0 | -€1,616 | -100.0% |
| Financial debts | 170/4 | €1,616 | €0 | -€1,616 | -100.0% |
| Amounts payable within one year | 42/48 | €62,061 | €115,413 | +€53,352 | +86.0% |
| Current portion of amounts payable after more than one year | 42 | €2,110 | €0 | -€2,110 | -100.0% |
| Trade debts | 44 | €1,252 | €1,588 | +€336 | +26.9% |
| Suppliers | 440/4 | €1,252 | €1,588 | +€336 | +26.9% |
| Taxes, remuneration and social security | 45 | €8,699 | €3,550 | -€5,149 | -59.2% |
| Taxes | 450/3 | €8,699 | €3,550 | -€5,149 | -59.2% |
| Other amounts payable | 47/48 | €50,000 | €110,274 | +€60,274 | +120.5% |
| Accrued charges and deferred income | 492/3 | €100 | €2,500 | +€2,400 | +2393.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,694 | €601 | -€2,093 | -77.7% |
| Other operating charges | 640/8 | €3,094 | €1,189 | -€1,905 | -61.6% |
| Gross operating margin | 9900 | €94,034 | €64,376 | -€29,658 | -31.5% |
| Operating profit (loss) | 9901 | €88,246 | €62,586 | -€25,660 | -29.1% |
| Financial income | 75/76B | €2,312 | €389 | -€1,924 | -83.2% |
| Recurring financial income | 75 | €2,312 | €389 | -€1,924 | -83.2% |
| Financial charges | 65/66B | €2,887 | €2,453 | -€434 | -15.0% |
| Recurring financial charges | 65 | €2,887 | €2,453 | -€434 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €87,671 | €60,521 | -€27,150 | -31.0% |
| Income taxes | 67/77 | €18,212 | €12,806 | -€5,406 | -29.7% |
| Profit (loss) for the period | 9904 | €69,459 | €47,715 | -€21,744 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,459 | €47,715 | -€21,744 | -31.3% |
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 12 October 2026 via checked.be.