MARSIVAL-DUBOCCAGE: what changed
What changed
MARSIVAL-DUBOCCAGE
NACE 46.492, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€139,398
2024 · -€721,119+€860,516
Equity
€236,065
2024 · €95,879+€140,186
Cash
€504,633
2024 · €122,789+€381,844
Balance sheet total
€1.7m
2024 · €1.2m+€526,416
Largest movements
Assets
- Cash +€381,844
up €381,844 (+311%), from €122,789 to €504,633
mainly Trade debts (+€238,438) and Net result for the year (+€139,398)
- Receivables within one year +€155,984
up €155,984 (+17.4%), from €895,714 to €1.1m
of which Trade receivables: +€137,727
- Intangible fixed assets -€37,101
down €37,101 (-35.3%), from €105,154 to €68,052
- Tangible fixed assets +€26,130
up €26,130 (+73.2%), from €35,705 to €61,836
of which Furniture and vehicles: +€30,768
Equity and liabilities
- Trade debts +€238,438
up €238,438 (+119%), from €200,173 to €438,611
- Profit (loss) carried forward +€140,186
up €140,186 (+5.7%), from -€2.5m to -€2.3m
- Accrued charges and deferred income +€116,833
up €116,833 (+1,144%), from €10,213 to €127,046
- Other debts +€87,465
up €87,465 (+28.1%), from €311,200 to €398,665
- Advances received -€77,969
down €77,969 (-22.3%), from €350,000 to €272,031
Income statement
- Gross operating margin +€690,098
up €690,098 (+379%), from €181,921 to €872,019
- Staff costs -€168,509
down €168,509 (-19.9%), from €848,626 to €680,117
- Financial income +€16,313
up €16,313 (+121%), from €13,495 to €29,808
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
-€721,119
Gross operating margin
+€690,098
Staff costs
+€168,509
Depreciation
-€4,283
Other operating charges
+€1,193
Other operating items
-€3,895
Financial income
+€16,313
Financial charges
-€6,529
Taxes
-€890
Result 2025
€139,398
raises the resultlowers the resultnot broken down further in the accounts
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
+€421,891
Investment
-€40,835
Financing
+€789
Cash 2024
€122,789
From operations (derived)
+€421,891
Net result for the year
+€139,398
Depreciation
+€51,831
Receivables within one year
-€155,984
Deferred charges and accrued income
+€418
Trade debts
+€238,438
Tax, wage and social debts
+€21,462
Advances received
-€77,969
Other debts
+€87,465
Accrued charges and deferred income
+€116,833
Investment (derived)
-€40,835
Investment in fixed assets (net)
-€40,835
Financing
+€789
Contributions, distributions and other
+€789
Cash 2025
€504,633
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,163,262 | €1,689,678 | +€526,416 | +45.3% |
| Fixed assets | 21/28 | €140,884 | €129,888 | -€10,995 | -7.8% |
| Intangible fixed assets | 21 | €105,154 | €68,052 | -€37,101 | -35.3% |
| Tangible fixed assets | 22/27 | €35,705 | €61,836 | +€26,130 | +73.2% |
| Land and buildings | 22 | €3,623 | €0 | -€3,623 | -100% |
| Plant, machinery and equipment | 23 | €4,118 | €3,104 | -€1,014 | -24.6% |
| Furniture and vehicles | 24 | €27,964 | €58,732 | +€30,768 | +110% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100% |
| Current assets | 29/58 | €1,022,379 | €1,559,790 | +€537,411 | +52.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €895,714 | €1,051,698 | +€155,984 | +17.4% |
| Trade receivables | 40 | €894,491 | €1,032,217 | +€137,727 | +15.4% |
| Other amounts receivable | 41 | €1,224 | €19,481 | +€18,257 | +1,492% |
| Cash at bank and in hand | 54/58 | €122,789 | €504,633 | +€381,844 | +311% |
| Deferred charges and accrued income | 490/1 | €3,876 | €3,458 | -€418 | -10.8% |
| Total equity and liabilities | 10/49 | €1,163,262 | €1,689,678 | +€526,416 | +45.3% |
| Equity | 10/15 | €95,879 | €236,065 | +€140,186 | +146% |
| Contributions | 10/11 | €2,518,600 | €2,518,600 | = | 0.0% |
| Reserves | 13 | €53,776 | €53,776 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,893 | €28,893 | = | 0.0% |
| Distributable reserves | 133 | €24,883 | €24,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,476,497 | -€2,336,311 | +€140,186 | +5.7% |
| Amounts payable | 17/49 | €1,067,384 | €1,453,613 | +€386,229 | +36.2% |
| Amounts payable within one year | 42/48 | €1,057,171 | €1,326,567 | +€269,396 | +25.5% |
| Trade debts | 44 | €200,173 | €438,611 | +€238,438 | +119% |
| Suppliers | 440/4 | €200,173 | €438,611 | +€238,438 | +119% |
| Advances received on contracts in progress | 46 | €350,000 | €272,031 | -€77,969 | -22.3% |
| Taxes, remuneration and social security | 45 | €195,798 | €217,260 | +€21,462 | +11.0% |
| Taxes | 450/3 | €116,808 | €178,456 | +€61,648 | +52.8% |
| Remuneration and social security | 454/9 | €78,990 | €38,804 | -€40,186 | -50.9% |
| Other amounts payable | 47/48 | €311,200 | €398,665 | +€87,465 | +28.1% |
| Accrued charges and deferred income | 492/3 | €10,213 | €127,046 | +€116,833 | +1,144% |
| Non-recurring operating income | 76A | €19,410 | €3,620 | -€15,790 | -81.4% |
| Remuneration, social security and pensions | 62 | €848,626 | €680,117 | -€168,509 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,547 | €51,831 | +€4,283 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,712 | €5,519 | -€1,193 | -17.8% |
| Non-recurring operating charges | 66A | - | €3,895 | +€3,895 | |
| Gross operating margin | 9900 | €181,921 | €872,019 | +€690,098 | +379% |
| Operating profit (loss) | 9901 | -€720,965 | €130,658 | +€851,623 | |
| Financial income | 75/76B | €13,495 | €29,808 | +€16,313 | +121% |
| Recurring financial income | 75 | €13,495 | €29,808 | +€16,313 | +121% |
| Financial charges | 65/66B | €12,860 | €19,389 | +€6,529 | +50.8% |
| Recurring financial charges | 65 | €12,860 | €19,389 | +€6,529 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | -€720,330 | €141,077 | +€861,407 | |
| Income taxes | 67/77 | €789 | €1,679 | +€890 | +113% |
| Profit (loss) for the period | 9904 | -€721,119 | €139,398 | +€860,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€721,119 | €139,398 | +€860,516 |
Next steps
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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 5 November 2026 via checked.be.