Marilyn de Heusch: 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.
Marilyn de Heusch
Largest movements
- Receivables within one year +€8,594
up €8,594 (+4,340%), from €198 to €8,792
of which Trade receivables: +€7,018
- Cash -€8,556
down €8,556 (-60.9%), from €14,057 to €5,501
mainly Contributions, distributions and other (-€16,227) and Receivables within one year (-€8,594)
- Deferred charges and accrued income -€2,651
down €2,651 (-71.4%), from €3,713 to €1,061
- Tax, wage and social debts -€3,375
down €3,375 (-25.8%), from €13,108 to €9,732
- Other debts +€710
up €710 (+5.4%), from €13,083 to €13,793
- Gross operating margin +€2,656
up €2,656 (+12.9%), from €20,665 to €23,321
- Financial income -€1,350
down €1,350 (-71.8%), from €1,879 to €530
- Taxes +€633
up €633 (+10.6%), from €5,949 to €6,582
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 | €30,467 | €27,854 | -€2,614 | -8.6% |
| Current assets | 29/58 | €30,467 | €27,854 | -€2,614 | -8.6% |
| Amounts receivable after more than one year | 29 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 291 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €198 | €8,792 | +€8,594 | +4,340% |
| Trade receivables | 40 | - | €7,018 | +€7,018 | |
| Other amounts receivable | 41 | €198 | €1,774 | +€1,576 | +796% |
| Cash at bank and in hand | 54/58 | €14,057 | €5,501 | -€8,556 | -60.9% |
| Deferred charges and accrued income | 490/1 | €3,713 | €1,061 | -€2,651 | -71.4% |
| Total equity and liabilities | 10/49 | €30,467 | €27,854 | -€2,614 | -8.6% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €26,467 | €23,854 | -€2,614 | -9.9% |
| Amounts payable within one year | 42/48 | €26,467 | €23,854 | -€2,614 | -9.9% |
| Trade debts | 44 | €277 | €329 | +€52 | +18.8% |
| Suppliers | 440/4 | €277 | €329 | +€52 | +18.8% |
| Taxes, remuneration and social security | 45 | €13,108 | €9,732 | -€3,375 | -25.8% |
| Taxes | 450/3 | €13,108 | €9,732 | -€3,375 | -25.8% |
| Other amounts payable | 47/48 | €13,083 | €13,793 | +€710 | +5.4% |
| Other operating charges | 640/8 | €100 | €100 | = | 0.0% |
| Gross operating margin | 9900 | €20,665 | €23,321 | +€2,656 | +12.9% |
| Operating profit (loss) | 9901 | €20,565 | €23,221 | +€2,656 | +12.9% |
| Financial income | 75/76B | €1,879 | €530 | -€1,350 | -71.8% |
| Recurring financial income | 75 | €1,879 | €530 | -€1,350 | -71.8% |
| Financial charges | 65/66B | €1,104 | €941 | -€162 | -14.7% |
| Recurring financial charges | 65 | €1,104 | €941 | -€162 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €21,341 | €22,809 | +€1,468 | +6.9% |
| Income taxes | 67/77 | €5,949 | €6,582 | +€633 | +10.6% |
| Profit (loss) for the period | 9904 | €15,392 | €16,227 | +€835 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,392 | €16,227 | +€835 | +5.4% |
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 31 October 2026 via checked.be.