VAN MAERCKE MANAGEMENT SERVICES: 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.
VAN MAERCKE MANAGEMENT SERVICES
Largest movements
- Tangible fixed assets -€97,887
down €97,887 (-3.2%), from €3.0m to €2.9m
of which Land and buildings: -€96,878
- Receivables within one year -€49,421
down €49,421 (-40.4%), from €122,413 to €72,992
of which Trade receivables: -€65,734
- Profit (loss) carried forward -€333,771
down €333,771 (-40.8%), from €818,085 to €484,314
- Other debts +€176,589
up €176,589 (+12.5%), from €1.4m to €1.6m
- Current portion of long-term debt -€72,888
no longer reported in 2025 (was €72,888)
- Debts after one year +€49,783
up €49,783 (+5.9%), from €850,217 to €900,000
- Gross operating margin -€302,732
down €302,732, from €205,490 to -€97,242
- Financial charges +€25,825
up €25,825 (+31.8%), from €81,112 to €106,937
- Depreciation +€12,801
up €12,801 (+13.6%), from €94,186 to €106,987
- Taxes +€5,875
up €5,875 (+194%), from €3,033 to €8,908
- Other operating charges +€3,062
up €3,062 (+26.0%), from €11,772 to €14,833
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 | €3,188,250 | €3,026,561 | -€161,689 | -5.1% |
| Fixed assets | 21/28 | €3,027,642 | €2,929,755 | -€97,887 | -3.2% |
| Tangible fixed assets | 22/27 | €3,027,617 | €2,929,730 | -€97,887 | -3.2% |
| Land and buildings | 22 | €3,025,825 | €2,928,947 | -€96,878 | -3.2% |
| Furniture and vehicles | 24 | €1,793 | €784 | -€1,009 | -56.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €160,607 | €96,805 | -€63,802 | -39.7% |
| Amounts receivable within one year | 40/41 | €122,413 | €72,992 | -€49,421 | -40.4% |
| Trade receivables | 40 | €114,962 | €49,228 | -€65,734 | -57.2% |
| Other amounts receivable | 41 | €7,452 | €23,764 | +€16,312 | +219% |
| Cash at bank and in hand | 54/58 | €26,863 | €14,687 | -€12,176 | -45.3% |
| Deferred charges and accrued income | 490/1 | €11,331 | €9,127 | -€2,205 | -19.5% |
| Total equity and liabilities | 10/49 | €3,188,250 | €3,026,561 | -€161,689 | -5.1% |
| Equity | 10/15 | €832,585 | €498,814 | -€333,771 | -40.1% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €818,085 | €484,314 | -€333,771 | -40.8% |
| Amounts payable | 17/49 | €2,355,665 | €2,527,747 | +€172,082 | +7.3% |
| Amounts payable after more than one year | 17 | €850,217 | €900,000 | +€49,783 | +5.9% |
| Financial debts | 170/4 | €850,217 | €900,000 | +€49,783 | +5.9% |
| Amounts payable within one year | 42/48 | €1,501,729 | €1,613,764 | +€112,036 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €72,888 | - | -€72,888 | |
| Trade debts | 44 | €11,082 | €19,418 | +€8,335 | +75.2% |
| Suppliers | 440/4 | €11,082 | €19,418 | +€8,335 | +75.2% |
| Taxes, remuneration and social security | 45 | €500 | €500 | = | 0.0% |
| Taxes | 450/3 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,417,258 | €1,593,846 | +€176,589 | +12.5% |
| Accrued charges and deferred income | 492/3 | €3,720 | €13,982 | +€10,263 | +276% |
| Non-recurring operating income | 76A | €296,577 | €193 | -€296,384 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,186 | €106,987 | +€12,801 | +13.6% |
| Other operating charges | 640/8 | €11,772 | €14,833 | +€3,062 | +26.0% |
| Non-recurring operating charges | 66A | €14,274 | €63 | -€14,210 | -99.6% |
| Gross operating margin | 9900 | €205,490 | -€97,242 | -€302,732 | |
| Operating profit (loss) | 9901 | €85,259 | -€219,125 | -€304,384 | |
| Financial income | 75/76B | €125 | €1,200 | +€1,075 | +861% |
| Recurring financial income | 75 | €125 | €1,200 | +€1,075 | +861% |
| Financial charges | 65/66B | €81,112 | €106,937 | +€25,825 | +31.8% |
| Recurring financial charges | 65 | €81,112 | €106,937 | +€25,825 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €4,271 | -€324,863 | -€329,134 | |
| Income taxes | 67/77 | €3,033 | €8,908 | +€5,875 | +194% |
| Profit (loss) for the period | 9904 | €1,238 | -€333,771 | -€335,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,238 | -€333,771 | -€335,009 |
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.