Sint-Marcus: 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.
Sint-Marcus
Largest movements
- Receivables within one year +€116,075
up €116,075 (+1,511%), from €7,684 to €123,759
of which Other amounts receivable: +€113,539
- Cash -€78,271
down €78,271 (-90.4%), from €86,551 to €8,280
mainly Receivables within one year (-€116,075) and Other debts (-€45,659)
- Intangible fixed assets -€15,000
down €15,000 (-13.8%), from €108,699 to €93,699
- Tangible fixed assets -€12,468
down €12,468 (-30.7%), from €40,586 to €28,118
of which Plant, machinery and equipment: -€12,146
- Reserves +€57,751
up €57,751 (+62.6%), from €92,289 to €150,040
- Other debts -€45,659
down €45,659 (-41.8%), from €109,250 to €63,591
- Tax, wage and social debts +€4,685
up €4,685 (+20.4%), from €23,009 to €27,693
of which Taxes: +€8,490
- Trade debts -€4,651
down €4,651 (-30.2%), from €15,385 to €10,734
- Gross operating margin +€34,203
up €34,203 (+34.2%), from €100,088 to €134,291
- Taxes +€8,560
up €8,560 (+114%), from €7,535 to €16,095
- Financial income +€3,298
up €3,298 (+76,692%), from €4 to €3,302
- Other operating charges -€1,888
down €1,888 (-58.4%), from €3,235 to €1,347
- Staff costs +€1,457
up €1,457 (+4.7%), from €31,124 to €32,580
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 | €243,520 | €255,059 | +€11,539 | +4.7% |
| Fixed assets | 21/28 | €149,285 | €121,816 | -€27,468 | -18.4% |
| Intangible fixed assets | 21 | €108,699 | €93,699 | -€15,000 | -13.8% |
| Tangible fixed assets | 22/27 | €40,586 | €28,118 | -€12,468 | -30.7% |
| Land and buildings | 22 | €1,620 | €1,530 | -€90 | -5.6% |
| Plant, machinery and equipment | 23 | €34,585 | €22,439 | -€12,146 | -35.1% |
| Furniture and vehicles | 24 | €4,380 | €4,148 | -€232 | -5.3% |
| Current assets | 29/58 | €94,235 | €133,242 | +€39,007 | +41.4% |
| Amounts receivable within one year | 40/41 | €7,684 | €123,759 | +€116,075 | +1,511% |
| Trade receivables | 40 | €6,734 | €9,269 | +€2,536 | +37.7% |
| Other amounts receivable | 41 | €951 | €114,490 | +€113,539 | +11,943% |
| Cash at bank and in hand | 54/58 | €86,551 | €8,280 | -€78,271 | -90.4% |
| Deferred charges and accrued income | 490/1 | - | €1,203 | +€1,203 | |
| Total equity and liabilities | 10/49 | €243,520 | €255,059 | +€11,539 | +4.7% |
| Equity | 10/15 | €95,289 | €153,040 | +€57,751 | +60.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,289 | €150,040 | +€57,751 | +62.6% |
| Distributable reserves | 133 | €92,289 | €150,040 | +€57,751 | +62.6% |
| Amounts payable | 17/49 | €148,231 | €102,018 | -€46,212 | -31.2% |
| Amounts payable within one year | 42/48 | €147,643 | €102,018 | -€45,625 | -30.9% |
| Trade debts | 44 | €15,385 | €10,734 | -€4,651 | -30.2% |
| Suppliers | 440/4 | €15,385 | €10,734 | -€4,651 | -30.2% |
| Taxes, remuneration and social security | 45 | €23,009 | €27,693 | +€4,685 | +20.4% |
| Taxes | 450/3 | €18,855 | €27,345 | +€8,490 | +45.0% |
| Remuneration and social security | 454/9 | €4,154 | €349 | -€3,805 | -91.6% |
| Other amounts payable | 47/48 | €109,250 | €63,591 | -€45,659 | -41.8% |
| Accrued charges and deferred income | 492/3 | €587 | - | -€587 | |
| Remuneration, social security and pensions | 62 | €31,124 | €32,580 | +€1,457 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,435 | €29,487 | +€1,052 | +3.7% |
| Other operating charges | 640/8 | €3,235 | €1,347 | -€1,888 | -58.4% |
| Gross operating margin | 9900 | €100,088 | €134,291 | +€34,203 | +34.2% |
| Operating profit (loss) | 9901 | €37,295 | €70,878 | +€33,583 | +90.0% |
| Financial income | 75/76B | €4 | €3,302 | +€3,298 | +76,692% |
| Recurring financial income | 75 | €4 | €3,302 | +€3,298 | +76,692% |
| Financial charges | 65/66B | €352 | €333 | -€19 | -5.4% |
| Recurring financial charges | 65 | €352 | €333 | -€19 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €36,947 | €73,846 | +€36,899 | +99.9% |
| Income taxes | 67/77 | €7,535 | €16,095 | +€8,560 | +114% |
| Profit (loss) for the period | 9904 | €29,412 | €57,751 | +€28,339 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,412 | €57,751 | +€28,339 | +96.4% |
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 13 October 2026 via checked.be.