MARK BUTENEERS: 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.
MARK BUTENEERS
Largest movements
- Cash +€10,985
up €10,985 (+254%), from €4,325 to €15,310
mainly Net result for the year (+€13,367) and Depreciation (+€4,145)
- Tangible fixed assets -€1,995
down €1,995 (-10.9%), from €18,263 to €16,269
of which Furniture and vehicles: -€4,062
- Receivables within one year -€723
down €723 (-100%), from €723 to €0
- Reserves +€13,367
up €13,367 (+7,811%), from €171 to €13,538
- Debts after one year -€6,555
down €6,555 (-85.4%), from €7,675 to €1,120
- Tax, wage and social debts +€3,872
up €3,872 (+2,077%), from €186 to €4,058
- Other debts -€2,329
down €2,329 (-84.4%), from €2,761 to €432
- Trade debts -€357
down €357 (-11.0%), from €3,233 to €2,876
- Gross operating margin +€19,402
up €19,402 (+533%), from €3,640 to €23,042
- Taxes +€3,439
up €3,439 (+2,040%), from €169 to €3,608
- Depreciation +€2,097
up €2,097 (+102%), from €2,048 to €4,145
- Financial charges +€654
up €654 (+78.1%), from €837 to €1,490
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 | €23,311 | €31,578 | +€8,267 | +35.5% |
| Fixed assets | 21/28 | €18,263 | €16,269 | -€1,995 | -10.9% |
| Tangible fixed assets | 22/27 | €18,263 | €16,269 | -€1,995 | -10.9% |
| Plant, machinery and equipment | 23 | - | €2,068 | +€2,068 | |
| Furniture and vehicles | 24 | €18,263 | €14,201 | -€4,062 | -22.2% |
| Current assets | 29/58 | €5,048 | €15,310 | +€10,261 | +203% |
| Amounts receivable within one year | 40/41 | €723 | €0 | -€723 | -100% |
| Other amounts receivable | 41 | €723 | €0 | -€723 | -100% |
| Cash at bank and in hand | 54/58 | €4,325 | €15,310 | +€10,985 | +254% |
| Total equity and liabilities | 10/49 | €23,311 | €31,578 | +€8,267 | +35.5% |
| Equity | 10/15 | €3,171 | €16,538 | +€13,367 | +422% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €171 | €13,538 | +€13,367 | +7,811% |
| Distributable reserves | 133 | €171 | €13,538 | +€13,367 | +7,811% |
| Amounts payable | 17/49 | €20,140 | €15,040 | -€5,100 | -25.3% |
| Amounts payable after more than one year | 17 | €7,675 | €1,120 | -€6,555 | -85.4% |
| Financial debts | 170/4 | €7,675 | €1,120 | -€6,555 | -85.4% |
| Amounts payable within one year | 42/48 | €12,466 | €13,921 | +€1,455 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €6,285 | €6,555 | +€270 | +4.3% |
| Trade debts | 44 | €3,233 | €2,876 | -€357 | -11.0% |
| Suppliers | 440/4 | €3,233 | €2,876 | -€357 | -11.0% |
| Taxes, remuneration and social security | 45 | €186 | €4,058 | +€3,872 | +2,077% |
| Taxes | 450/3 | €186 | €4,058 | +€3,872 | +2,077% |
| Other amounts payable | 47/48 | €2,761 | €432 | -€2,329 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,048 | €4,145 | +€2,097 | +102% |
| Other operating charges | 640/8 | €416 | €432 | +€16 | +3.9% |
| Gross operating margin | 9900 | €3,640 | €23,042 | +€19,402 | +533% |
| Operating profit (loss) | 9901 | €1,176 | €18,464 | +€17,289 | +1,470% |
| Financial income | 75/76B | €0 | €0 | -€0 | -51.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -51.2% |
| Financial charges | 65/66B | €837 | €1,490 | +€654 | +78.1% |
| Recurring financial charges | 65 | €837 | €1,490 | +€654 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €340 | €16,974 | +€16,635 | +4,897% |
| Income taxes | 67/77 | €169 | €3,608 | +€3,439 | +2,040% |
| Profit (loss) for the period | 9904 | €171 | €13,367 | +€13,196 | +7,711% |
| Profit (loss) for the period to be appropriated | 9905 | €171 | €13,367 | +€13,196 | +7,711% |
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 27 October 2026 via checked.be.