MARC VOS: 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 VOS
Largest movements
- Tangible fixed assets -€23,586
down €23,586 (-22.1%), from €106,950 to €83,364
of which Land and buildings: -€16,889
- Cash +€20,320
up €20,320 (+67.2%), from €30,221 to €50,541
mainly Depreciation (+€23,586) and Other debts (+€16,238)
- Profit (loss) carried forward -€19,700
down €19,700 (-31.2%), from €63,223 to €43,523
- Other debts +€16,238
up €16,238 (+64.0%), from €25,355 to €41,593
- Trade debts -€6,530
down €6,530 (-51.7%), from €12,626 to €6,096
- Accrued charges and deferred income +€5,912
new in 2024: €5,912
- Gross operating margin +€1,833
up €1,833 (+33.5%), from €5,476 to €7,309
- Other operating charges +€610
up €610 (+44.0%), from €1,387 to €1,997
- Depreciation +€572
up €572 (+2.5%), from €23,014 to €23,586
- Financial charges +€386
up €386 (+37.2%), from €1,039 to €1,426
- Taxes +€107
no longer reported in 2024 (was -€107)
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 | €146,063 | €142,985 | -€3,079 | -2.1% |
| Fixed assets | 21/28 | €106,950 | €83,364 | -€23,586 | -22.1% |
| Tangible fixed assets | 22/27 | €106,950 | €83,364 | -€23,586 | -22.1% |
| Land and buildings | 22 | €95,328 | €78,439 | -€16,889 | -17.7% |
| Plant, machinery and equipment | 23 | €4,604 | €1,364 | -€3,240 | -70.4% |
| Furniture and vehicles | 24 | €7,017 | €3,561 | -€3,456 | -49.3% |
| Current assets | 29/58 | €39,113 | €59,621 | +€20,508 | +52.4% |
| Amounts receivable within one year | 40/41 | €2,862 | €2,862 | = | 0.0% |
| Other amounts receivable | 41 | €2,862 | €2,862 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,221 | €50,541 | +€20,320 | +67.2% |
| Deferred charges and accrued income | 490/1 | €6,031 | €6,218 | +€188 | +3.1% |
| Total equity and liabilities | 10/49 | €146,063 | €142,985 | -€3,079 | -2.1% |
| Equity | 10/15 | €70,083 | €50,383 | -€19,700 | -28.1% |
| Reserves | 13 | €6,860 | €6,860 | = | 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% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,223 | €43,523 | -€19,700 | -31.2% |
| Amounts payable | 17/49 | €75,980 | €92,601 | +€16,621 | +21.9% |
| Amounts payable after more than one year | 17 | €38,000 | €38,000 | = | 0.0% |
| Financial debts | 170/4 | €38,000 | €38,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,980 | €48,689 | +€10,709 | +28.2% |
| Trade debts | 44 | €12,626 | €6,096 | -€6,530 | -51.7% |
| Suppliers | 440/4 | €12,626 | €6,096 | -€6,530 | -51.7% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €25,355 | €41,593 | +€16,238 | +64.0% |
| Accrued charges and deferred income | 492/3 | - | €5,912 | +€5,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,014 | €23,586 | +€572 | +2.5% |
| Other operating charges | 640/8 | €1,387 | €1,997 | +€610 | +44.0% |
| Gross operating margin | 9900 | €5,476 | €7,309 | +€1,833 | +33.5% |
| Operating profit (loss) | 9901 | -€18,925 | -€18,274 | +€651 | +3.4% |
| Financial income | 75/76B | €67 | - | -€67 | |
| Recurring financial income | 75 | €67 | - | -€67 | |
| Financial charges | 65/66B | €1,039 | €1,426 | +€386 | +37.2% |
| Recurring financial charges | 65 | €1,039 | €1,426 | +€386 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,897 | -€19,700 | +€197 | +1.0% |
| Income taxes | 67/77 | -€107 | - | +€107 | |
| Profit (loss) for the period | 9904 | -€19,789 | -€19,700 | +€90 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,789 | -€19,700 | +€90 | +0.5% |
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 17 October 2026 via checked.be.