MarcVH-Consult: 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.
MarcVH-Consult
Largest movements
- Current investments -€218,257
down €218,257 (-35.3%), from €618,257 to €400,000
- Cash +€53,710
up €53,710 (+31.7%), from €169,532 to €223,242
mainly Current investments (+€218,257) and Net result for the year (+€89,122)
- Receivables within one year -€10,087
down €10,087 (-81.7%), from €12,352 to €2,265
of which Other amounts receivable: -€6,457
- Reserves -€174,036
down €174,036 (-22.2%), from €784,075 to €610,039
- Financial income +€13,412
up €13,412 (+93.8%), from €14,297 to €27,709
- Gross operating margin +€9,657
up €9,657 (+10.2%), from €94,274 to €103,931
- Taxes +€5,942
up €5,942 (+16.8%), from €35,431 to €41,373
- Financial charges -€1,128
down €1,128 (-88.4%), from €1,276 to €148
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 | €800,253 | €628,107 | -€172,146 | -21.5% |
| Fixed assets | 21/28 | €112 | €2,600 | +€2,488 | +2,218% |
| Tangible fixed assets | 22/27 | €112 | €2,600 | +€2,488 | +2,218% |
| Furniture and vehicles | 24 | €112 | €2,600 | +€2,488 | +2,218% |
| Current assets | 29/58 | €800,141 | €625,507 | -€174,634 | -21.8% |
| Amounts receivable within one year | 40/41 | €12,352 | €2,265 | -€10,087 | -81.7% |
| Trade receivables | 40 | €3,630 | €0 | -€3,630 | -100% |
| Other amounts receivable | 41 | €8,722 | €2,265 | -€6,457 | -74.0% |
| Current investments | 50/53 | €618,257 | €400,000 | -€218,257 | -35.3% |
| Cash at bank and in hand | 54/58 | €169,532 | €223,242 | +€53,710 | +31.7% |
| Total equity and liabilities | 10/49 | €800,253 | €628,107 | -€172,146 | -21.5% |
| Equity | 10/15 | €794,075 | €620,039 | -€174,036 | -21.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €784,075 | €610,039 | -€174,036 | -22.2% |
| Distributable reserves | 133 | €784,075 | €610,039 | -€174,036 | -22.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,178 | €8,068 | +€1,890 | +30.6% |
| Amounts payable within one year | 42/48 | €5,571 | €7,618 | +€2,047 | +36.7% |
| Trade debts | 44 | €1,147 | €14 | -€1,134 | -98.8% |
| Suppliers | 440/4 | €1,147 | €14 | -€1,134 | -98.8% |
| Taxes, remuneration and social security | 45 | €3,036 | €4,022 | +€986 | +32.5% |
| Taxes | 450/3 | €3,036 | €4,022 | +€986 | +32.5% |
| Other amounts payable | 47/48 | €1,388 | €3,583 | +€2,195 | +158% |
| Accrued charges and deferred income | 492/3 | €607 | €450 | -€157 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €631 | €617 | -€14 | -2.3% |
| Other operating charges | 640/8 | €242 | €380 | +€137 | +56.8% |
| Gross operating margin | 9900 | €94,274 | €103,931 | +€9,657 | +10.2% |
| Operating profit (loss) | 9901 | €93,400 | €102,934 | +€9,534 | +10.2% |
| Financial income | 75/76B | €14,297 | €27,709 | +€13,412 | +93.8% |
| Recurring financial income | 75 | €14,297 | €27,709 | +€13,412 | +93.8% |
| Financial charges | 65/66B | €1,276 | €148 | -€1,128 | -88.4% |
| Recurring financial charges | 65 | €1,276 | €148 | -€1,128 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €106,421 | €130,495 | +€24,073 | +22.6% |
| Income taxes | 67/77 | €35,431 | €41,373 | +€5,942 | +16.8% |
| Profit (loss) for the period | 9904 | €70,991 | €89,122 | +€18,131 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,991 | €89,122 | +€18,131 | +25.5% |
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 16 October 2026 via checked.be.