MARSAC ADVISORS: what changed
What changed
MARSAC ADVISORS
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
-€4,070
2024 · -€20,845+€16,776
Equity
-€24,182
2024 · -€20,113-€4,070
Cash
€6,547
2024 · -+€6,547
Balance sheet total
€70,344
2024 · €84,964-€14,621
Largest movements
Assets
- Receivables within one year -€16,694
down €16,694 (-21.3%), from €78,275 to €61,581
of which Trade receivables: -€14,314
- Cash +€6,547
new in 2025: €6,547
mainly Receivables within one year (+€16,694) and Deferred charges and accrued income (+€4,300)
- Deferred charges and accrued income -€4,300
no longer reported in 2025 (was €4,300)
Equity and liabilities
- Trade debts -€4,340
down €4,340 (-11.9%), from €36,394 to €32,054
- Accrued charges and deferred income -€4,312
no longer reported in 2025 (was €4,312)
- Profit (loss) carried forward -€4,070
down €4,070 (-6.6%), from -€61,572 to -€65,641
- Short-term financial debts -€2,375
down €2,375 (-17.0%), from €13,934 to €11,558
Income statement
- Gross operating margin +€16,639
up €16,639 (+92.4%), from -€17,999 to -€1,361
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.
Result 2024
-€20,845
Gross operating margin
+€16,639
Financial income
-€1
Financial charges
+€138
Result 2025
-€4,070
raises the resultlowers the result
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.
From operations
+€8,922
Investment
€0
Financing
-€2,375
Cash 2024
€0
From operations (derived)
+€8,922
Net result for the year
-€4,070
Depreciation
+€173
Receivables within one year
+€16,694
Deferred charges and accrued income
+€4,300
Trade debts
-€4,340
Tax, wage and social debts
+€476
Accrued charges and deferred income
-€4,312
Financing
-€2,375
Short-term financial debts
-€2,375
Cash 2025
€6,547
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,964 | €70,344 | -€14,621 | -17.2% |
| Fixed assets | 21/28 | €2,390 | €2,216 | -€173 | -7.3% |
| Tangible fixed assets | 22/27 | €1,510 | €1,336 | -€173 | -11.5% |
| Furniture and vehicles | 24 | €1,510 | €1,336 | -€173 | -11.5% |
| Financial fixed assets | 28 | €880 | €880 | = | 0.0% |
| Current assets | 29/58 | €82,575 | €68,128 | -€14,447 | -17.5% |
| Amounts receivable within one year | 40/41 | €78,275 | €61,581 | -€16,694 | -21.3% |
| Trade receivables | 40 | €71,933 | €57,619 | -€14,314 | -19.9% |
| Other amounts receivable | 41 | €6,342 | €3,962 | -€2,380 | -37.5% |
| Cash at bank and in hand | 54/58 | - | €6,547 | +€6,547 | |
| Deferred charges and accrued income | 490/1 | €4,300 | - | -€4,300 | |
| Total equity and liabilities | 10/49 | €84,964 | €70,344 | -€14,621 | -17.2% |
| Equity | 10/15 | -€20,113 | -€24,182 | -€4,070 | -20.2% |
| Contributions | 10/11 | €39,600 | €39,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€61,572 | -€65,641 | -€4,070 | -6.6% |
| Amounts payable | 17/49 | €105,077 | €94,526 | -€10,551 | -10.0% |
| Amounts payable within one year | 42/48 | €100,765 | €94,526 | -€6,239 | -6.2% |
| Financial debts | 43 | €13,934 | €11,558 | -€2,375 | -17.0% |
| Credit institutions | 430/8 | €13,934 | €11,558 | -€2,375 | -17.0% |
| Trade debts | 44 | €36,394 | €32,054 | -€4,340 | -11.9% |
| Suppliers | 440/4 | €36,394 | €32,054 | -€4,340 | -11.9% |
| Taxes, remuneration and social security | 45 | - | €476 | +€476 | |
| Taxes | 450/3 | - | €476 | +€476 | |
| Other amounts payable | 47/48 | €50,437 | €50,437 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,312 | - | -€4,312 | |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €173 | = | 0.0% |
| Gross operating margin | 9900 | -€17,999 | -€1,361 | +€16,639 | +92.4% |
| Operating profit (loss) | 9901 | -€18,173 | -€1,534 | +€16,639 | +91.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.8% |
| Financial charges | 65/66B | €2,673 | €2,535 | -€138 | -5.2% |
| Recurring financial charges | 65 | €2,673 | €2,535 | -€138 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,845 | -€4,070 | +€16,776 | +80.5% |
| Profit (loss) for the period | 9904 | -€20,845 | -€4,070 | +€16,776 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,845 | -€4,070 | +€16,776 | +80.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.