Marnick Van Miert: what changed
Marnick Van Miert
Largest movements
- Stocks and contracts +€27,178
up €27,178 (+202%), from €13,450 to €40,628
- Cash -€5,468
down €5,468 (-41.9%), from €13,051 to €7,583
mainly Stocks and contracts (-€27,178) and Tax, wage and social debts (-€2,437)
- Tangible fixed assets -€4,375
down €4,375 (-13.0%), from €33,653 to €29,278
- Receivables within one year -€3,474
down €3,474 (-90.5%), from €3,837 to €363
- Other debts +€17,469
up €17,469 (+43.8%), from €39,910 to €57,380
- Tax, wage and social debts -€2,437
down €2,437 (-33.4%), from €7,299 to €4,862
- Gross operating margin -€11,871
down €11,871 (-74.3%), from €15,971 to €4,100
- Depreciation +€3,028
up €3,028 (+225%), from €1,347 to €4,375
- Taxes -€2,824
down €2,824 (-99.7%), from €2,834 to €9
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,991 | €77,852 | +€13,861 | +21.7% |
| Fixed assets | 21/28 | €33,653 | €29,278 | -€4,375 | -13.0% |
| Tangible fixed assets | 22/27 | €33,653 | €29,278 | -€4,375 | -13.0% |
| Furniture and vehicles | 24 | €33,653 | €29,278 | -€4,375 | -13.0% |
| Current assets | 29/58 | €30,339 | €48,574 | +€18,236 | +60.1% |
| Stocks and contracts in progress | 3 | €13,450 | €40,628 | +€27,178 | +202% |
| Stocks | 30/36 | €13,450 | €40,628 | +€27,178 | +202% |
| Amounts receivable within one year | 40/41 | €3,837 | €363 | -€3,474 | -90.5% |
| Trade receivables | 40 | €3,837 | €363 | -€3,474 | -90.5% |
| Cash at bank and in hand | 54/58 | €13,051 | €7,583 | -€5,468 | -41.9% |
| Total equity and liabilities | 10/49 | €63,991 | €77,852 | +€13,861 | +21.7% |
| Equity | 10/15 | €15,460 | €14,727 | -€733 | -4.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,460 | €9,727 | -€733 | -7.0% |
| Distributable reserves | 133 | €10,460 | €9,727 | -€733 | -7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,531 | €63,125 | +€14,594 | +30.1% |
| Amounts payable within one year | 42/48 | €48,400 | €63,125 | +€14,724 | +30.4% |
| Trade debts | 44 | €1,191 | €884 | -€307 | -25.8% |
| Suppliers | 440/4 | €1,191 | €884 | -€307 | -25.8% |
| Taxes, remuneration and social security | 45 | €7,299 | €4,862 | -€2,437 | -33.4% |
| Taxes | 450/3 | €7,299 | €4,862 | -€2,437 | -33.4% |
| Other amounts payable | 47/48 | €39,910 | €57,380 | +€17,469 | +43.8% |
| Accrued charges and deferred income | 492/3 | €131 | €0 | -€131 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347 | €4,375 | +€3,028 | +225% |
| Other operating charges | 640/8 | €427 | €378 | -€49 | -11.5% |
| Gross operating margin | 9900 | €15,971 | €4,100 | -€11,871 | -74.3% |
| Operating profit (loss) | 9901 | €14,196 | -€653 | -€14,850 | |
| Financial charges | 65/66B | €44 | €70 | +€27 | +61.6% |
| Recurring financial charges | 65 | €44 | €70 | +€27 | +61.6% |
| Profit (loss) for the period before taxes | 9903 | €14,153 | -€724 | -€14,877 | |
| Income taxes | 67/77 | €2,834 | €9 | -€2,824 | -99.7% |
| Profit (loss) for the period | 9904 | €11,319 | -€733 | -€12,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,319 | -€733 | -€12,052 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.