MARCO BRONCKERS: what changed
Two fiscal 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.
MARCO BRONCKERS
Largest movements
- Receivables after one year -€271,775
no longer reported in 2025 (was €271,775)
- Cash +€151,979
up €151,979 (+1479.4%), from €10,273 to €162,252
mainly Receivables after one year (+€271,775) and Net result for the year (+€138,492)
- Current investments +€31,900
up €31,900 (+6.9%), from €460,753 to €492,653
- Receivables within one year +€15,661
up €15,661 (+5.5%), from €286,549 to €302,210
of which Other amounts receivable: +€88,193
- Reserves -€57,770
down €57,770 (-5.3%), from €1.1m to €1.0m
- Trade debts -€14,697
down €14,697 (-80.1%), from €18,340 to €3,643
- Financial income +€17,120
up €17,120 (+43.6%), from €39,266 to €56,386
- Taxes +€7,874
up €7,874 (+17.3%), from €45,581 to €53,455
- Gross operating margin +€6,170
up €6,170 (+4.6%), from €133,962 to €140,132
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.
Cash bridge derived
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 | €1,174,051 | €1,101,818 | -€72,233 | -6.2% |
| Fixed assets | 21/28 | €141,868 | €142,688 | +€820 | +0.6% |
| Tangible fixed assets | 22/27 | €138,088 | €142,688 | +€4,600 | +3.3% |
| Furniture and vehicles | 24 | €1,669 | €2,559 | +€890 | +53.3% |
| Other tangible fixed assets | 26 | €136,419 | €140,129 | +€3,710 | +2.7% |
| Financial fixed assets | 28 | €3,780 | - | -€3,780 | |
| Current assets | 29/58 | €1,032,183 | €959,130 | -€73,053 | -7.1% |
| Amounts receivable after more than one year | 29 | €271,775 | - | -€271,775 | |
| Other amounts receivable | 291 | €271,775 | - | -€271,775 | |
| Amounts receivable within one year | 40/41 | €286,549 | €302,210 | +€15,661 | +5.5% |
| Trade receivables | 40 | €102,967 | €30,435 | -€72,532 | -70.4% |
| Other amounts receivable | 41 | €183,582 | €271,775 | +€88,193 | +48.0% |
| Current investments | 50/53 | €460,753 | €492,653 | +€31,900 | +6.9% |
| Cash at bank and in hand | 54/58 | €10,273 | €162,252 | +€151,979 | +1479.4% |
| Deferred charges and accrued income | 490/1 | €2,833 | €2,015 | -€818 | -28.9% |
| Total equity and liabilities | 10/49 | €1,174,051 | €1,101,818 | -€72,233 | -6.2% |
| Equity | 10/15 | €1,103,733 | €1,045,963 | -€57,770 | -5.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,091,333 | €1,033,563 | -€57,770 | -5.3% |
| Distributable reserves | 133 | €1,091,333 | €1,033,563 | -€57,770 | -5.3% |
| Amounts payable | 17/49 | €70,318 | €55,855 | -€14,463 | -20.6% |
| Amounts payable within one year | 42/48 | €68,397 | €54,105 | -€14,292 | -20.9% |
| Trade debts | 44 | €18,340 | €3,643 | -€14,697 | -80.1% |
| Suppliers | 440/4 | €18,340 | €3,643 | -€14,697 | -80.1% |
| Taxes, remuneration and social security | 45 | €21,897 | €18,037 | -€3,860 | -17.6% |
| Taxes | 450/3 | €21,897 | €18,037 | -€3,860 | -17.6% |
| Other amounts payable | 47/48 | €28,160 | €32,425 | +€4,265 | +15.1% |
| Accrued charges and deferred income | 492/3 | €1,921 | €1,750 | -€171 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213 | €924 | +€711 | +333.8% |
| Other operating charges | 640/8 | €2,220 | €2,152 | -€68 | -3.1% |
| Gross operating margin | 9900 | €133,962 | €140,132 | +€6,170 | +4.6% |
| Operating profit (loss) | 9901 | €131,529 | €137,056 | +€5,527 | +4.2% |
| Financial income | 75/76B | €39,266 | €56,386 | +€17,120 | +43.6% |
| Recurring financial income | 75 | €39,266 | €56,386 | +€17,120 | +43.6% |
| Financial charges | 65/66B | €1,482 | €1,495 | +€13 | +0.9% |
| Recurring financial charges | 65 | €1,482 | €1,495 | +€13 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €169,313 | €191,947 | +€22,634 | +13.4% |
| Income taxes | 67/77 | €45,581 | €53,455 | +€7,874 | +17.3% |
| Profit (loss) for the period | 9904 | €123,732 | €138,492 | +€14,760 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,732 | €138,492 | +€14,760 | +11.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.