MARCINMOVE: 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.
MARCINMOVE
Largest movements
- Cash +€279,228
up €279,228 (+34.7%), from €804,551 to €1.1m
mainly Net result for the year (+€341,077) and Depreciation (+€306,343)
- Tangible fixed assets -€247,723
down €247,723 (-10.8%), from €2.3m to €2.0m
of which Furniture and vehicles: -€192,806
- Reserves +€340,800
up €340,800 (+14.4%), from €2.4m to €2.7m
of which Distributable reserves: +€354,000
- Debts after one year -€166,071
down €166,071 (-66.2%), from €250,747 to €84,676
- Other debts -€136,000
no longer reported in 2025 (was €136,000)
- Gross operating margin +€226,065
up €226,065 (+21.4%), from €1.1m to €1.3m
- Taxes +€91,877
up €91,877 (+122%), from €75,136 to €167,013
- Staff costs +€65,197
up €65,197 (+17.0%), from €382,553 to €447,750
- Depreciation +€45,103
up €45,103 (+17.3%), from €261,241 to €306,343
- Other operating charges -€27,370
down €27,370 (-55.4%), from €49,411 to €22,041
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 | €3,219,280 | €3,252,695 | +€33,415 | +1.0% |
| Fixed assets | 21/28 | €2,286,480 | €2,038,757 | -€247,723 | -10.8% |
| Tangible fixed assets | 22/27 | €2,286,480 | €2,038,757 | -€247,723 | -10.8% |
| Land and buildings | 22 | €1,312,547 | €1,262,867 | -€49,679 | -3.8% |
| Plant, machinery and equipment | 23 | €7,976 | €2,738 | -€5,237 | -65.7% |
| Furniture and vehicles | 24 | €965,958 | €773,151 | -€192,806 | -20.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €932,800 | €1,213,938 | +€281,138 | +30.1% |
| Amounts receivable within one year | 40/41 | €122,202 | €127,659 | +€5,458 | +4.5% |
| Trade receivables | 40 | €35,655 | €76,612 | +€40,957 | +115% |
| Other amounts receivable | 41 | €86,546 | €51,047 | -€35,499 | -41.0% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €804,551 | €1,083,779 | +€279,228 | +34.7% |
| Deferred charges and accrued income | 490/1 | €3,547 | - | -€3,547 | |
| Total equity and liabilities | 10/49 | €3,219,280 | €3,252,695 | +€33,415 | +1.0% |
| Equity | 10/15 | €2,434,966 | €2,776,043 | +€341,077 | +14.0% |
| Contributions | 10/11 | €61,354 | €61,354 | = | 0.0% |
| Reserves | 13 | €2,371,502 | €2,712,302 | +€340,800 | +14.4% |
| Tax-exempt reserves | 132 | €1,076,302 | €1,063,102 | -€13,200 | -1.2% |
| Distributable reserves | 133 | €1,295,200 | €1,649,200 | +€354,000 | +27.3% |
| Profit (loss) carried forward | 14 | €2,110 | €2,387 | +€277 | +13.1% |
| Provisions and deferred taxes | 16 | €40,013 | €36,713 | -€3,300 | -8.2% |
| Deferred taxes | 168 | €40,013 | €36,713 | -€3,300 | -8.2% |
| Amounts payable | 17/49 | €744,301 | €439,939 | -€304,362 | -40.9% |
| Amounts payable after more than one year | 17 | €250,747 | €84,676 | -€166,071 | -66.2% |
| Financial debts | 170/4 | €250,747 | €84,676 | -€166,071 | -66.2% |
| Amounts payable within one year | 42/48 | €493,554 | €355,263 | -€138,291 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €279,133 | €286,210 | +€7,077 | +2.5% |
| Trade debts | 44 | €35,765 | €30,787 | -€4,978 | -13.9% |
| Suppliers | 440/4 | €35,765 | €30,787 | -€4,978 | -13.9% |
| Taxes, remuneration and social security | 45 | €42,656 | €38,266 | -€4,390 | -10.3% |
| Taxes | 450/3 | €0 | €620 | +€620 | |
| Remuneration and social security | 454/9 | €42,656 | €37,647 | -€5,010 | -11.7% |
| Other amounts payable | 47/48 | €136,000 | - | -€136,000 | |
| Non-recurring operating income | 76A | €31,798 | €22,157 | -€9,641 | -30.3% |
| Remuneration, social security and pensions | 62 | €382,553 | €447,750 | +€65,197 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,241 | €306,343 | +€45,103 | +17.3% |
| Other operating charges | 640/8 | €49,411 | €22,041 | -€27,370 | -55.4% |
| Gross operating margin | 9900 | €1,058,111 | €1,284,176 | +€226,065 | +21.4% |
| Operating profit (loss) | 9901 | €364,907 | €508,043 | +€143,136 | +39.2% |
| Financial income | 75/76B | €10,204 | €10,494 | +€290 | +2.8% |
| Recurring financial income | 75 | €10,204 | €10,494 | +€290 | +2.8% |
| Financial charges | 65/66B | €9,635 | €13,747 | +€4,112 | +42.7% |
| Recurring financial charges | 65 | €9,635 | €13,747 | +€4,112 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €365,476 | €504,790 | +€139,313 | +38.1% |
| Transfer from deferred taxes | 780 | €1,987 | €3,300 | +€1,313 | +66.1% |
| Income taxes | 67/77 | €75,136 | €167,013 | +€91,877 | +122% |
| Profit (loss) for the period | 9904 | €292,327 | €341,077 | +€48,750 | +16.7% |
| Transfer from tax-exempt reserves | 789 | €7,948 | €13,200 | +€5,252 | +66.1% |
| Transfer to tax-exempt reserves | 689 | €80,000 | - | -€80,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €220,274 | €354,277 | +€134,002 | +60.8% |
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 29 October 2026 via checked.be.