TUUR VANMARCKE: 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.
TUUR VANMARCKE
Largest movements
- Tangible fixed assets -€194,346
down €194,346 (-98.7%), from €196,901 to €2,556
of which Land and buildings: -€191,863
- Receivables within one year +€29,615
up €29,615 (+319%), from €9,271 to €38,887
of which Trade receivables: +€15,531
- Stocks and contracts -€17,958
down €17,958 (-100%), from €17,958 to €0
of which Stocks: -€17,958
- Receivables after one year -€5,500
down €5,500 (-36.7%), from €14,990 to €9,490
- Debts after one year -€207,988
down €207,988 (-100%), from €207,988 to €0
- Current portion of long-term debt -€15,019
down €15,019 (-100%), from €15,019 to €0
- Profit (loss) carried forward +€12,800
up €12,800 (+41.1%), from -€31,133 to -€18,333
- Short-term financial debts +€11,049
up €11,049 (+63.6%), from €17,385 to €28,434
- Tax, wage and social debts +€9,030
up €9,030 (+130%), from €6,933 to €15,963
- Depreciation -€9,581
down €9,581 (-87.5%), from €10,946 to €1,365
- Other operating charges +€8,199
up €8,199 (+459%), from €1,787 to €9,986
- Financial income -€5,956
down €5,956 (-45.3%), from €13,145 to €7,189
of which Non-recurring financial income: -€6,200
- Gross operating margin -€4,710
down €4,710 (-13.4%), from €35,040 to €30,330
- Financial charges +€533
up €533 (+4.6%), from €11,655 to €12,188
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 | €241,813 | €51,461 | -€190,352 | -78.7% |
| Fixed assets | 21/28 | €197,401 | €3,056 | -€194,346 | -98.5% |
| Tangible fixed assets | 22/27 | €196,901 | €2,556 | -€194,346 | -98.7% |
| Land and buildings | 22 | €191,863 | €0 | -€191,863 | -100% |
| Plant, machinery and equipment | 23 | €1,030 | €331 | -€699 | -67.9% |
| Furniture and vehicles | 24 | €4,008 | €2,225 | -€1,784 | -44.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €44,411 | €48,405 | +€3,993 | +9.0% |
| Amounts receivable after more than one year | 29 | €14,990 | €9,490 | -€5,500 | -36.7% |
| Other amounts receivable | 291 | €14,990 | €9,490 | -€5,500 | -36.7% |
| Stocks and contracts in progress | 3 | €17,958 | €0 | -€17,958 | -100% |
| Stocks | 30/36 | €17,958 | €0 | -€17,958 | -100% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €9,271 | €38,887 | +€29,615 | +319% |
| Trade receivables | 40 | €0 | €15,531 | +€15,531 | |
| Other amounts receivable | 41 | €9,271 | €23,356 | +€14,084 | +152% |
| Cash at bank and in hand | 54/58 | €180 | €28 | -€152 | -84.4% |
| Deferred charges and accrued income | 490/1 | €2,012 | €0 | -€2,012 | -100% |
| Total equity and liabilities | 10/49 | €241,813 | €51,461 | -€190,352 | -78.7% |
| Equity | 10/15 | -€12,533 | €267 | +€12,800 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,133 | -€18,333 | +€12,800 | +41.1% |
| Amounts payable | 17/49 | €254,346 | €51,194 | -€203,152 | -79.9% |
| Amounts payable after more than one year | 17 | €207,988 | €0 | -€207,988 | -100% |
| Financial debts | 170/4 | €207,988 | €0 | -€207,988 | -100% |
| Amounts payable within one year | 42/48 | €44,686 | €50,794 | +€6,108 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €15,019 | €0 | -€15,019 | -100% |
| Financial debts | 43 | €17,385 | €28,434 | +€11,049 | +63.6% |
| Credit institutions | 430/8 | €17,385 | €28,434 | +€11,049 | +63.6% |
| Trade debts | 44 | €5,348 | €6,397 | +€1,048 | +19.6% |
| Suppliers | 440/4 | €5,348 | €6,397 | +€1,048 | +19.6% |
| Taxes, remuneration and social security | 45 | €6,933 | €15,963 | +€9,030 | +130% |
| Taxes | 450/3 | €6,933 | €15,963 | +€9,030 | +130% |
| Accrued charges and deferred income | 492/3 | €1,672 | €400 | -€1,272 | -76.1% |
| Remuneration, social security and pensions | 62 | €370 | €0 | -€370 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,946 | €1,365 | -€9,581 | -87.5% |
| Other operating charges | 640/8 | €1,787 | €9,986 | +€8,199 | +459% |
| Non-recurring operating charges | 66A | €0 | €1,026 | +€1,026 | |
| Gross operating margin | 9900 | €35,040 | €30,330 | -€4,710 | -13.4% |
| Operating profit (loss) | 9901 | €21,938 | €17,953 | -€3,985 | -18.2% |
| Financial income | 75/76B | €13,145 | €7,189 | -€5,956 | -45.3% |
| Recurring financial income | 75 | €1,108 | €1,352 | +€243 | +22.0% |
| Non-recurring financial income | 76B | €12,037 | €5,837 | -€6,200 | -51.5% |
| Financial charges | 65/66B | €11,655 | €12,188 | +€533 | +4.6% |
| Recurring financial charges | 65 | €11,655 | €12,188 | +€533 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €23,428 | €12,954 | -€10,474 | -44.7% |
| Income taxes | 67/77 | €168 | €154 | -€13 | -8.0% |
| Profit (loss) for the period | 9904 | €23,260 | €12,800 | -€10,461 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,260 | €12,800 | -€10,461 | -45.0% |
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 28 October 2026 via checked.be.