MARCOL SYLVAIN: 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.
MARCOL SYLVAIN
Largest movements
- Cash +€6,634
up €6,634 (+26.0%), from €25,536 to €32,170
mainly Net result for the year (+€13,291) and Tax, wage and social debts (+€5,674)
- Deferred charges and accrued income +€2,395
up €2,395 (+293%), from €817 to €3,212
- Receivables within one year +€1,951
up €1,951 (+110%), from €1,774 to €3,725
of which Trade receivables: +€2,527
- Reserves +€6,510
new in 2025: €6,510
- Tax, wage and social debts +€5,674
up €5,674 (+123%), from €4,620 to €10,294
of which Taxes: +€5,674
- Other debts -€986
down €986 (-8.0%), from €12,305 to €11,319
- Trade debts -€488
down €488 (-15.8%), from €3,095 to €2,607
- Gross operating margin +€12,674
up €12,674 (+199%), from €6,358 to €19,031
- Taxes +€3,467
up €3,467 (+239%), from €1,450 to €4,917
- Financial income +€290
up €290 (+193%), from €150 to €440
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 | €28,127 | €39,108 | +€10,980 | +39.0% |
| Current assets | 29/58 | €28,127 | €39,108 | +€10,980 | +39.0% |
| Amounts receivable within one year | 40/41 | €1,774 | €3,725 | +€1,951 | +110% |
| Trade receivables | 40 | €1,198 | €3,725 | +€2,527 | +211% |
| Other amounts receivable | 41 | €576 | - | -€576 | |
| Cash at bank and in hand | 54/58 | €25,536 | €32,170 | +€6,634 | +26.0% |
| Deferred charges and accrued income | 490/1 | €817 | €3,212 | +€2,395 | +293% |
| Total equity and liabilities | 10/49 | €28,127 | €39,108 | +€10,980 | +39.0% |
| Equity | 10/15 | €8,107 | €14,888 | +€6,781 | +83.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | - | €6,510 | +€6,510 | |
| Distributable reserves | 133 | - | €6,510 | +€6,510 | |
| Profit (loss) carried forward | 14 | €47 | €318 | +€271 | +577% |
| Amounts payable | 17/49 | €20,020 | €24,220 | +€4,200 | +21.0% |
| Amounts payable within one year | 42/48 | €20,020 | €24,220 | +€4,200 | +21.0% |
| Trade debts | 44 | €3,095 | €2,607 | -€488 | -15.8% |
| Suppliers | 440/4 | €3,095 | €2,607 | -€488 | -15.8% |
| Taxes, remuneration and social security | 45 | €4,620 | €10,294 | +€5,674 | +123% |
| Taxes | 450/3 | €2,604 | €8,279 | +€5,674 | +218% |
| Remuneration and social security | 454/9 | €2,016 | €2,016 | = | 0.0% |
| Other amounts payable | 47/48 | €12,305 | €11,319 | -€986 | -8.0% |
| Other operating charges | 640/8 | €1,088 | €1,220 | +€132 | +12.1% |
| Gross operating margin | 9900 | €6,358 | €19,031 | +€12,674 | +199% |
| Operating profit (loss) | 9901 | €5,270 | €17,811 | +€12,542 | +238% |
| Financial income | 75/76B | €150 | €440 | +€290 | +193% |
| Recurring financial income | 75 | €150 | €440 | +€290 | +193% |
| Financial charges | 65/66B | €42 | €44 | +€1 | +3.2% |
| Recurring financial charges | 65 | €42 | €44 | +€1 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €5,378 | €18,208 | +€12,830 | +239% |
| Income taxes | 67/77 | €1,450 | €4,917 | +€3,467 | +239% |
| Profit (loss) for the period | 9904 | €3,927 | €13,291 | +€9,363 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €3,927 | €13,291 | +€9,363 | +238% |
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 15 October 2026 via checked.be.