Marnik Deceuninck: 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.
Marnik Deceuninck
Largest movements
- Receivables within one year -€11,750
down €11,750 (-42.4%), from €27,688 to €15,937
of which Other amounts receivable: -€9,944
- Cash +€5,121
up €5,121 (+28,658%), from €18 to €5,139
mainly Net result for the year (+€22,868) and Receivables within one year (+€11,750)
- Receivables after one year -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Tangible fixed assets +€4,955
up €4,955 (+5,107%), from €97 to €5,052
- Other debts -€28,620
down €28,620 (-43.9%), from €65,262 to €36,642
- Profit (loss) carried forward +€22,868
up €22,868 (+57.3%), from -€39,881 to -€17,012
- Trade debts -€911
down €911 (-80.2%), from €1,136 to €225
- Write-downs -€27,663
down €27,663, from €18,813 to -€8,850
- Gross operating margin +€3,757
up €3,757 (+30.2%), from €12,425 to €16,182
- Financial charges -€3,200
down €3,200 (-99.8%), from €3,205 to €5
- Depreciation +€1,209
up €1,209 (+415%), from €291 to €1,500
- Financial income -€397
down €397 (-95.9%), from €414 to €17
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 | €47,803 | €41,129 | -€6,674 | -14.0% |
| Fixed assets | 21/28 | €97 | €5,052 | +€4,955 | +5,107% |
| Tangible fixed assets | 22/27 | €97 | €5,052 | +€4,955 | +5,107% |
| Furniture and vehicles | 24 | €97 | €5,052 | +€4,955 | +5,107% |
| Current assets | 29/58 | €47,705 | €36,077 | -€11,629 | -24.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Trade receivables | 290 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €27,688 | €15,937 | -€11,750 | -42.4% |
| Trade receivables | 40 | €17,665 | €15,859 | -€1,806 | -10.2% |
| Other amounts receivable | 41 | €10,022 | €79 | -€9,944 | -99.2% |
| Cash at bank and in hand | 54/58 | €18 | €5,139 | +€5,121 | +28,658% |
| Total equity and liabilities | 10/49 | €47,803 | €41,129 | -€6,674 | -14.0% |
| Equity | 10/15 | -€19,421 | €3,448 | +€22,868 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€39,881 | -€17,012 | +€22,868 | +57.3% |
| Amounts payable | 17/49 | €67,223 | €37,681 | -€29,542 | -43.9% |
| Amounts payable within one year | 42/48 | €67,223 | €37,681 | -€29,542 | -43.9% |
| Trade debts | 44 | €1,136 | €225 | -€911 | -80.2% |
| Suppliers | 440/4 | €1,136 | €225 | -€911 | -80.2% |
| Taxes, remuneration and social security | 45 | €826 | €814 | -€11 | -1.4% |
| Taxes | 450/3 | €826 | €814 | -€11 | -1.4% |
| Other amounts payable | 47/48 | €65,262 | €36,642 | -€28,620 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | €1,500 | +€1,209 | +415% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,813 | -€8,850 | -€27,663 | |
| Other operating charges | 640/8 | €763 | €676 | -€88 | -11.5% |
| Gross operating margin | 9900 | €12,425 | €16,182 | +€3,757 | +30.2% |
| Operating profit (loss) | 9901 | -€7,443 | €22,856 | +€30,299 | |
| Financial income | 75/76B | €414 | €17 | -€397 | -95.9% |
| Recurring financial income | 75 | €414 | €17 | -€397 | -95.9% |
| Financial charges | 65/66B | €3,205 | €5 | -€3,200 | -99.8% |
| Recurring financial charges | 65 | €3,205 | €5 | -€3,200 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,233 | €22,868 | +€33,101 | |
| Profit (loss) for the period | 9904 | -€10,233 | €22,868 | +€33,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,233 | €22,868 | +€33,101 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.