MARCELIS PAUL: 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.
MARCELIS PAUL
Largest movements
- Receivables within one year -€74,108
down €74,108 (-18.5%), from €401,326 to €327,218
- Cash +€26,410
up €26,410 (+57.8%), from €45,715 to €72,125
mainly Receivables within one year (+€74,108) and Net result for the year (+€52,352)
- Tangible fixed assets -€7,745
down €7,745 (-59.1%), from €13,096 to €5,351
- Deferred charges and accrued income -€5,881
no longer reported in 2024 (was €5,881)
- Other debts -€54,456
down €54,456 (-57.7%), from €94,456 to €40,000
- Trade debts -€28,560
down €28,560 (-79.3%), from €35,997 to €7,437
- Reserves +€12,352
up €12,352 (+4.0%), from €311,212 to €323,564
of which Distributable reserves: +€12,352
- Tax, wage and social debts +€9,340
up €9,340 (+78.1%), from €11,953 to €21,293
of which Taxes: +€12,903
- Gross operating margin +€28,239
up €28,239 (+28.3%), from €99,919 to €128,159
- Taxes +€10,452
up €10,452 (+63.2%), from €16,536 to €26,988
- Depreciation -€10,360
down €10,360 (-57.2%), from €18,105 to €7,745
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 | €466,019 | €404,694 | -€61,325 | -13.2% |
| Fixed assets | 21/28 | €13,096 | €5,351 | -€7,745 | -59.1% |
| Tangible fixed assets | 22/27 | €13,096 | €5,351 | -€7,745 | -59.1% |
| Other tangible fixed assets | 26 | €13,096 | €5,351 | -€7,745 | -59.1% |
| Current assets | 29/58 | €452,922 | €399,343 | -€53,579 | -11.8% |
| Amounts receivable within one year | 40/41 | €401,326 | €327,218 | -€74,108 | -18.5% |
| Other amounts receivable | 41 | €401,326 | €327,218 | -€74,108 | -18.5% |
| Cash at bank and in hand | 54/58 | €45,715 | €72,125 | +€26,410 | +57.8% |
| Deferred charges and accrued income | 490/1 | €5,881 | - | -€5,881 | |
| Total equity and liabilities | 10/49 | €466,019 | €404,694 | -€61,325 | -13.2% |
| Equity | 10/15 | €323,612 | €335,964 | +€12,352 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €311,212 | €323,564 | +€12,352 | +4.0% |
| 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 | €309,352 | €321,704 | +€12,352 | +4.0% |
| Amounts payable | 17/49 | €142,406 | €68,730 | -€73,676 | -51.7% |
| Amounts payable within one year | 42/48 | €142,406 | €68,730 | -€73,676 | -51.7% |
| Trade debts | 44 | €35,997 | €7,437 | -€28,560 | -79.3% |
| Suppliers | 440/4 | €35,997 | €7,437 | -€28,560 | -79.3% |
| Taxes, remuneration and social security | 45 | €11,953 | €21,293 | +€9,340 | +78.1% |
| Taxes | 450/3 | €5,882 | €18,785 | +€12,903 | +219% |
| Remuneration and social security | 454/9 | €6,072 | €2,508 | -€3,564 | -58.7% |
| Other amounts payable | 47/48 | €94,456 | €40,000 | -€54,456 | -57.7% |
| Non-recurring operating income | 76A | - | €6,805 | +€6,805 | |
| Remuneration, social security and pensions | 62 | €40,676 | €39,771 | -€905 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,105 | €7,745 | -€10,360 | -57.2% |
| Other operating charges | 640/8 | €2,694 | €1,583 | -€1,111 | -41.2% |
| Non-recurring operating charges | 66A | €102 | - | -€102 | |
| Gross operating margin | 9900 | €99,919 | €128,159 | +€28,239 | +28.3% |
| Operating profit (loss) | 9901 | €38,342 | €79,059 | +€40,717 | +106% |
| Financial income | 75/76B | €0 | €281 | +€281 | +65,288% |
| Recurring financial income | 75 | €0 | €281 | +€281 | +65,288% |
| Financial charges | 65/66B | €26 | €1 | -€25 | -96.2% |
| Recurring financial charges | 65 | €26 | €1 | -€25 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €38,316 | €79,339 | +€41,023 | +107% |
| Income taxes | 67/77 | €16,536 | €26,988 | +€10,452 | +63.2% |
| Profit (loss) for the period | 9904 | €21,781 | €52,352 | +€30,571 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €21,781 | €52,352 | +€30,571 | +140% |
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 16 October 2026 via checked.be.