MARC35: 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.
MARC35
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+15.3%), from €10.7m to €12.4m
- Receivables within one year +€152,198
up €152,198 (+413.5%), from €36,807 to €189,005
of which Trade receivables: +€141,098
- Contributions +€1.7m
up €1.7m (+61.6%), from €2.8m to €4.5m
- Trade debts +€151,265
up €151,265 (+157.3%), from €96,147 to €247,412
- Gross operating margin -€53,936
down €53,936 (-362.2%), from -€14,893 to -€68,829
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.
Cash bridge derived
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 | €10,778,782 | €12,574,220 | +€1.8m | +16.7% |
| Fixed assets | 21/28 | €10,733,671 | €12,376,125 | +€1.6m | +15.3% |
| Tangible fixed assets | 22/27 | €10,732,221 | €12,374,675 | +€1.6m | +15.3% |
| Assets under construction and advance payments | 27 | €10,732,221 | €12,374,675 | +€1.6m | +15.3% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €45,111 | €198,094 | +€152,983 | +339.1% |
| Amounts receivable within one year | 40/41 | €36,807 | €189,005 | +€152,198 | +413.5% |
| Trade receivables | 40 | €29,373 | €170,471 | +€141,098 | +480.4% |
| Other amounts receivable | 41 | €7,434 | €18,534 | +€11,100 | +149.3% |
| Cash at bank and in hand | 54/58 | €3,580 | €9,089 | +€5,509 | +153.9% |
| Deferred charges and accrued income | 490/1 | €4,725 | €0 | -€4,725 | -100.0% |
| Total equity and liabilities | 10/49 | €10,778,782 | €12,574,220 | +€1.8m | +16.7% |
| Equity | 10/15 | €2,608,583 | €4,237,755 | +€1.6m | +62.5% |
| Contributions | 10/11 | €2,760,000 | €4,460,000 | +€1.7m | +61.6% |
| Capital | 10 | €2,760,000 | €4,460,000 | +€1.7m | +61.6% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Uncalled capital | 101 | €2,240,000 | €540,000 | -€1.7m | -75.9% |
| Profit (loss) carried forward | 14 | -€151,417 | -€222,245 | -€70,828 | -46.8% |
| Amounts payable | 17/49 | €8,170,200 | €8,336,465 | +€166,265 | +2.0% |
| Amounts payable within one year | 42/48 | €8,170,200 | €8,336,465 | +€166,265 | +2.0% |
| Trade debts | 44 | €96,147 | €247,412 | +€151,265 | +157.3% |
| Suppliers | 440/4 | €96,147 | €247,412 | +€151,265 | +157.3% |
| Other amounts payable | 47/48 | €8,074,052 | €8,089,052 | +€15,000 | +0.2% |
| Other operating charges | 640/8 | €1,528 | €1,948 | +€420 | +27.5% |
| Gross operating margin | 9900 | -€14,893 | -€68,829 | -€53,936 | -362.2% |
| Operating profit (loss) | 9901 | -€16,421 | -€70,777 | -€54,356 | -331.0% |
| Financial charges | 65/66B | €47 | €51 | +€4 | +8.8% |
| Recurring financial charges | 65 | €47 | €51 | +€4 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,468 | -€70,828 | -€54,360 | -330.1% |
| Profit (loss) for the period | 9904 | -€16,468 | -€70,828 | -€54,360 | -330.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,468 | -€70,828 | -€54,360 | -330.1% |
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 9 October 2026 via checked.be.