Marc van Hurck: 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 Hurck
Largest movements
- Receivables within one year -€27,637
down €27,637 (-70.6%), from €39,145 to €11,509
of which Trade receivables: -€23,749
- Cash +€24,148
up €24,148 (+35.6%), from €67,778 to €91,926
mainly Net result for the year (+€31,114) and Receivables within one year (+€27,637)
- Reserves +€31,100
up €31,100 (+28.6%), from €108,900 to €140,000
- Trade debts -€24,742
down €24,742 (-78.7%), from €31,421 to €6,679
- Other debts -€12,766
down €12,766 (-98.8%), from €12,915 to €149
- Tax, wage and social debts +€3,015
up €3,015 (+31.1%), from €9,695 to €12,710
- Gross operating margin -€19,658
down €19,658 (-27.7%), from €70,952 to €51,294
- Taxes -€4,628
down €4,628 (-29.4%), from €15,732 to €11,105
- Depreciation -€3,388
down €3,388 (-31.5%), from €10,765 to €7,377
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 | €182,487 | €178,225 | -€4,263 | -2.3% |
| Fixed assets | 21/28 | €30,033 | €28,816 | -€1,217 | -4.1% |
| Tangible fixed assets | 22/27 | €30,033 | €28,816 | -€1,217 | -4.1% |
| Plant, machinery and equipment | 23 | €2,239 | €1,408 | -€831 | -37.1% |
| Furniture and vehicles | 24 | €27,793 | €27,408 | -€386 | -1.4% |
| Current assets | 29/58 | €152,455 | €149,409 | -€3,046 | -2.0% |
| Amounts receivable after more than one year | 29 | €45,531 | €45,531 | = | 0.0% |
| Other amounts receivable | 291 | €45,531 | €45,531 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,145 | €11,509 | -€27,637 | -70.6% |
| Trade receivables | 40 | €35,132 | €11,383 | -€23,749 | -67.6% |
| Other amounts receivable | 41 | €4,013 | €126 | -€3,887 | -96.9% |
| Cash at bank and in hand | 54/58 | €67,778 | €91,926 | +€24,148 | +35.6% |
| Deferred charges and accrued income | 490/1 | - | €443 | +€443 | |
| Total equity and liabilities | 10/49 | €182,487 | €178,225 | -€4,263 | -2.3% |
| Equity | 10/15 | €127,574 | €158,687 | +€31,114 | +24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,900 | €140,000 | +€31,100 | +28.6% |
| Distributable reserves | 133 | €108,900 | €140,000 | +€31,100 | +28.6% |
| Profit (loss) carried forward | 14 | €74 | €87 | +€14 | +18.5% |
| Amounts payable | 17/49 | €54,914 | €19,538 | -€35,376 | -64.4% |
| Amounts payable within one year | 42/48 | €54,914 | €19,538 | -€35,376 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €882 | - | -€882 | |
| Trade debts | 44 | €31,421 | €6,679 | -€24,742 | -78.7% |
| Suppliers | 440/4 | €31,421 | €6,679 | -€24,742 | -78.7% |
| Taxes, remuneration and social security | 45 | €9,695 | €12,710 | +€3,015 | +31.1% |
| Taxes | 450/3 | €9,695 | €12,710 | +€3,015 | +31.1% |
| Other amounts payable | 47/48 | €12,915 | €149 | -€12,766 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,765 | €7,377 | -€3,388 | -31.5% |
| Other operating charges | 640/8 | €1,386 | €1,479 | +€93 | +6.7% |
| Gross operating margin | 9900 | €70,952 | €51,294 | -€19,658 | -27.7% |
| Operating profit (loss) | 9901 | €58,801 | €42,439 | -€16,362 | -27.8% |
| Financial income | 75/76B | €74 | €100 | +€26 | +35.3% |
| Recurring financial income | 75 | €74 | €100 | +€26 | +35.3% |
| Financial charges | 65/66B | €396 | €321 | -€75 | -18.9% |
| Recurring financial charges | 65 | €396 | €321 | -€75 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €58,480 | €42,218 | -€16,262 | -27.8% |
| Income taxes | 67/77 | €15,732 | €11,105 | -€4,628 | -29.4% |
| Profit (loss) for the period | 9904 | €42,747 | €31,114 | -€11,634 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,747 | €31,114 | -€11,634 | -27.2% |
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 28 October 2026 via checked.be.