TANGUY MARCOTTY: 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.
TANGUY MARCOTTY
Largest movements
- Cash +€230,991
up €230,991 (+146%), from €157,740 to €388,731
mainly Net result for the year (+€517,861) and Depreciation (+€137,642)
- Tangible fixed assets -€100,700
down €100,700 (-7.8%), from €1.3m to €1.2m
of which Furniture and vehicles: -€56,357
- Stocks and contracts -€84,462
down €84,462 (-11.1%), from €758,912 to €674,450
- Receivables within one year +€78,823
up €78,823 (+39.9%), from €197,493 to €276,316
of which Other amounts receivable: +€98,020
- Profit (loss) carried forward +€237,861
up €237,861 (+45.8%), from €519,594 to €757,455
- Other debts -€104,303
down €104,303 (-20.1%), from €519,312 to €415,008
- Tax, wage and social debts +€81,930
up €81,930 (+166%), from €49,353 to €131,283
of which Taxes: +€79,025
- Debts after one year -€58,177
down €58,177 (-6.6%), from €882,706 to €824,530
- Gross operating margin +€309,073
up €309,073 (+32.7%), from €946,186 to €1.3m
- Taxes +€68,829
up €68,829 (+63.4%), from €108,537 to €177,367
- Staff costs +€27,458
up €27,458 (+7.2%), from €379,808 to €407,266
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 | €2,418,445 | €2,542,568 | +€124,123 | +5.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,294,072 | €1,193,372 | -€100,700 | -7.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,287,727 | €1,187,027 | -€100,700 | -7.8% |
| Land and buildings | 22 | €934,614 | €892,676 | -€41,938 | -4.5% |
| Plant, machinery and equipment | 23 | €2,737 | €1,559 | -€1,178 | -43.0% |
| Furniture and vehicles | 24 | €346,323 | €289,966 | -€56,357 | -16.3% |
| Other tangible fixed assets | 26 | €4,053 | €2,826 | -€1,227 | -30.3% |
| Financial fixed assets | 28 | €6,345 | €6,345 | = | 0.0% |
| Current assets | 29/58 | €1,124,373 | €1,349,197 | +€224,823 | +20.0% |
| Stocks and contracts in progress | 3 | €758,912 | €674,450 | -€84,462 | -11.1% |
| Stocks | 30/36 | €758,912 | €674,450 | -€84,462 | -11.1% |
| Amounts receivable within one year | 40/41 | €197,493 | €276,316 | +€78,823 | +39.9% |
| Trade receivables | 40 | €189,333 | €170,136 | -€19,197 | -10.1% |
| Other amounts receivable | 41 | €8,160 | €106,180 | +€98,020 | +1,201% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €157,740 | €388,731 | +€230,991 | +146% |
| Deferred charges and accrued income | 490/1 | €10,228 | €9,700 | -€528 | -5.2% |
| Total equity and liabilities | 10/49 | €2,418,445 | €2,542,568 | +€124,123 | +5.1% |
| Equity | 10/15 | €699,069 | €935,218 | +€236,148 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,860 | €126,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €519,594 | €757,455 | +€237,861 | +45.8% |
| Investment grants | 15 | €34,015 | €32,303 | -€1,713 | -5.0% |
| Amounts payable | 17/49 | €1,719,376 | €1,607,351 | -€112,025 | -6.5% |
| Amounts payable after more than one year | 17 | €882,706 | €824,530 | -€58,177 | -6.6% |
| Financial debts | 170/4 | €882,706 | €824,530 | -€58,177 | -6.6% |
| Amounts payable within one year | 42/48 | €836,670 | €782,821 | -€53,848 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €119,927 | €102,194 | -€17,733 | -14.8% |
| Financial debts | 43 | €50,475 | €50,243 | -€232 | -0.5% |
| Credit institutions | 430/8 | €50,475 | €50,243 | -€232 | -0.5% |
| Trade debts | 44 | €33,830 | €32,877 | -€954 | -2.8% |
| Suppliers | 440/4 | €33,830 | €32,877 | -€954 | -2.8% |
| Advances received on contracts in progress | 46 | €63,773 | €51,216 | -€12,557 | -19.7% |
| Taxes, remuneration and social security | 45 | €49,353 | €131,283 | +€81,930 | +166% |
| Taxes | 450/3 | €6,458 | €85,483 | +€79,025 | +1,224% |
| Remuneration and social security | 454/9 | €42,895 | €45,800 | +€2,905 | +6.8% |
| Other amounts payable | 47/48 | €519,312 | €415,008 | -€104,303 | -20.1% |
| Remuneration, social security and pensions | 62 | €379,808 | €407,266 | +€27,458 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,846 | €137,642 | -€4,204 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,834 | +€2,834 | |
| Other operating charges | 640/8 | €18,396 | €19,605 | +€1,209 | +6.6% |
| Gross operating margin | 9900 | €946,186 | €1,255,259 | +€309,073 | +32.7% |
| Operating profit (loss) | 9901 | €406,137 | €687,912 | +€281,776 | +69.4% |
| Financial income | 75/76B | €23,206 | €18,409 | -€4,797 | -20.7% |
| Recurring financial income | 75 | €23,206 | €18,409 | -€4,797 | -20.7% |
| Financial charges | 65/66B | €9,249 | €11,094 | +€1,845 | +20.0% |
| Recurring financial charges | 65 | €9,249 | €11,094 | +€1,845 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €420,094 | €695,228 | +€275,134 | +65.5% |
| Income taxes | 67/77 | €108,537 | €177,367 | +€68,829 | +63.4% |
| Profit (loss) for the period | 9904 | €311,556 | €517,861 | +€206,305 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €311,556 | €517,861 | +€206,305 | +66.2% |
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 24 October 2026 via checked.be.