MARC WILS: 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 WILS
Largest movements
- Cash -€42,769
down €42,769 (-32.3%), from €132,568 to €89,799
mainly Accrued charges and deferred income (-€30,261) and Receivables within one year (-€25,633)
- Receivables within one year +€25,633
up €25,633 (+9.3%), from €274,966 to €300,599
of which Other amounts receivable: +€50,331
- Reserves +€34,000
up €34,000 (+10.2%), from €334,175 to €368,175
of which Distributable reserves: +€34,000
- Accrued charges and deferred income -€30,261
down €30,261 (-99.9%), from €30,302 to €41
- Other debts -€22,000
no longer reported in 2025 (was €22,000)
- Gross operating margin -€120,856
down €120,856 (-67.6%), from €178,725 to €57,869
- Taxes -€38,991
down €38,991 (-67.9%), from €57,460 to €18,469
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 | €442,034 | €423,726 | -€18,308 | -4.1% |
| Fixed assets | 21/28 | €996 | €356 | -€640 | -64.2% |
| Tangible fixed assets | 22/27 | €825 | €186 | -€640 | -77.5% |
| Plant, machinery and equipment | 23 | €825 | €186 | -€640 | -77.5% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €441,038 | €423,370 | -€17,668 | -4.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,534 | €2,126 | -€409 | -16.1% |
| Stocks | 30/36 | €2,534 | €1,601 | -€934 | -36.8% |
| Contracts in progress | 37 | - | €525 | +€525 | |
| Amounts receivable within one year | 40/41 | €274,966 | €300,599 | +€25,633 | +9.3% |
| Trade receivables | 40 | €45,157 | €20,459 | -€24,698 | -54.7% |
| Other amounts receivable | 41 | €229,809 | €280,140 | +€50,331 | +21.9% |
| Cash at bank and in hand | 54/58 | €132,568 | €89,799 | -€42,769 | -32.3% |
| Deferred charges and accrued income | 490/1 | €970 | €847 | -€124 | -12.7% |
| Total equity and liabilities | 10/49 | €442,034 | €423,726 | -€18,308 | -4.1% |
| Equity | 10/15 | €357,156 | €391,488 | +€34,331 | +9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €334,175 | €368,175 | +€34,000 | +10.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €332,175 | €366,175 | +€34,000 | +10.2% |
| Profit (loss) carried forward | 14 | €2,981 | €3,313 | +€331 | +11.1% |
| Amounts payable | 17/49 | €84,878 | €32,239 | -€52,639 | -62.0% |
| Amounts payable within one year | 42/48 | €54,575 | €32,198 | -€22,378 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €266 | €738 | +€472 | +178% |
| Suppliers | 440/4 | €266 | €738 | +€472 | +178% |
| Taxes, remuneration and social security | 45 | €24,310 | €23,460 | -€850 | -3.5% |
| Taxes | 450/3 | €24,060 | €23,460 | -€600 | -2.5% |
| Remuneration and social security | 454/9 | €250 | - | -€250 | |
| Other amounts payable | 47/48 | €22,000 | - | -€22,000 | |
| Accrued charges and deferred income | 492/3 | €30,302 | €41 | -€30,261 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €640 | = | 0.0% |
| Other operating charges | 640/8 | €4,227 | €3,624 | -€602 | -14.3% |
| Gross operating margin | 9900 | €178,725 | €57,869 | -€120,856 | -67.6% |
| Operating profit (loss) | 9901 | €173,859 | €53,605 | -€120,254 | -69.2% |
| Financial income | 75/76B | €190 | €206 | +€16 | +8.5% |
| Recurring financial income | 75 | €190 | €206 | +€16 | +8.5% |
| Financial charges | 65/66B | €1,210 | €1,011 | -€199 | -16.5% |
| Recurring financial charges | 65 | €1,210 | €1,011 | -€199 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €172,838 | €52,800 | -€120,038 | -69.5% |
| Income taxes | 67/77 | €57,460 | €18,469 | -€38,991 | -67.9% |
| Profit (loss) for the period | 9904 | €115,379 | €34,331 | -€81,047 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,379 | €34,331 | -€81,047 | -70.2% |
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 25 October 2026 via checked.be.