MARC VAN CRAEN: 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 VAN CRAEN
Largest movements
- Tangible fixed assets +€41,126
up €41,126 (+95.7%), from €42,953 to €84,079
of which Furniture and vehicles: +€38,578
- Receivables within one year +€20,344
up €20,344 (+35.8%), from €56,796 to €77,140
of which Other amounts receivable: +€16,088
- Deferred charges and accrued income -€4,014
down €4,014 (-82.5%), from €4,864 to €850
- Cash +€1,870
up €1,870 (+49.7%), from €3,760 to €5,630
mainly Other debts (+€60,561) and Debts after one year (+€32,338)
- Other debts +€60,561
up €60,561 (+1,364%), from €4,439 to €65,000
- Profit (loss) carried forward -€35,655
down €35,655 (-94.5%), from €37,746 to €2,090
- Debts after one year +€32,338
up €32,338 (+259%), from €12,490 to €44,829
- Tax, wage and social debts -€8,933
down €8,933 (-37.5%), from €23,808 to €14,875
of which Taxes: -€13,092
- Current portion of long-term debt +€8,220
up €8,220 (+61.2%), from €13,442 to €21,662
- Gross operating margin +€1,650
up €1,650 (+3.0%), from €55,606 to €57,255
- Taxes +€755
up €755 (+7.7%), from €9,843 to €10,598
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 | €110,574 | €169,399 | +€58,825 | +53.2% |
| Fixed assets | 21/28 | €43,453 | €84,079 | +€40,626 | +93.5% |
| Tangible fixed assets | 22/27 | €42,953 | €84,079 | +€41,126 | +95.7% |
| Furniture and vehicles | 24 | €42,953 | €81,531 | +€38,578 | +89.8% |
| Other tangible fixed assets | 26 | - | €2,548 | +€2,548 | |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €67,121 | €85,320 | +€18,200 | +27.1% |
| Amounts receivable after more than one year | 29 | €1,700 | €1,700 | = | 0.0% |
| Other amounts receivable | 291 | €1,700 | €1,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,796 | €77,140 | +€20,344 | +35.8% |
| Trade receivables | 40 | €22,091 | €26,347 | +€4,256 | +19.3% |
| Other amounts receivable | 41 | €34,705 | €50,793 | +€16,088 | +46.4% |
| Cash at bank and in hand | 54/58 | €3,760 | €5,630 | +€1,870 | +49.7% |
| Deferred charges and accrued income | 490/1 | €4,864 | €850 | -€4,014 | -82.5% |
| Total equity and liabilities | 10/49 | €110,574 | €169,399 | +€58,825 | +53.2% |
| Equity | 10/15 | €52,146 | €16,490 | -€35,655 | -68.4% |
| Contributions | 10/11 | €12,400 | €14,400 | +€2,000 | +16.1% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Uncalled capital | 101 | €7,600 | - | -€7,600 | |
| Contributions outside capital | 11 | - | €14,400 | +€14,400 | |
| Other | 1109/19 | - | €14,400 | +€14,400 | |
| Reserves | 13 | €2,000 | - | -€2,000 | |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €37,746 | €2,090 | -€35,655 | -94.5% |
| Amounts payable | 17/49 | €58,429 | €152,909 | +€94,481 | +162% |
| Amounts payable after more than one year | 17 | €12,490 | €44,829 | +€32,338 | +259% |
| Financial debts | 170/4 | €12,490 | €44,829 | +€32,338 | +259% |
| Amounts payable within one year | 42/48 | €45,938 | €108,081 | +€62,142 | +135% |
| Current portion of amounts payable after more than one year | 42 | €13,442 | €21,662 | +€8,220 | +61.2% |
| Trade debts | 44 | €4,250 | €6,544 | +€2,295 | +54.0% |
| Suppliers | 440/4 | €4,250 | €6,544 | +€2,295 | +54.0% |
| Taxes, remuneration and social security | 45 | €23,808 | €14,875 | -€8,933 | -37.5% |
| Taxes | 450/3 | €23,808 | €10,716 | -€13,092 | -55.0% |
| Remuneration and social security | 454/9 | - | €4,159 | +€4,159 | |
| Other amounts payable | 47/48 | €4,439 | €65,000 | +€60,561 | +1,364% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,198 | €14,227 | +€29 | +0.2% |
| Other operating charges | 640/8 | €1,644 | €1,489 | -€155 | -9.4% |
| Gross operating margin | 9900 | €55,606 | €57,255 | +€1,650 | +3.0% |
| Operating profit (loss) | 9901 | €39,764 | €41,540 | +€1,776 | +4.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +2,683% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +2,683% |
| Financial charges | 65/66B | €1,581 | €1,599 | +€18 | +1.2% |
| Recurring financial charges | 65 | €1,581 | €1,599 | +€18 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €38,183 | €39,943 | +€1,759 | +4.6% |
| Income taxes | 67/77 | €9,843 | €10,598 | +€755 | +7.7% |
| Profit (loss) for the period | 9904 | €28,341 | €29,345 | +€1,004 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,341 | €29,345 | +€1,004 | +3.5% |
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 20 October 2026 via checked.be.