Van Marcke: 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 Marcke
Largest movements
- Cash +€50,992
up €50,992 (+187%), from €27,292 to €78,283
mainly Depreciation (+€22,636) and Net result for the year (+€20,473)
- Tangible fixed assets -€22,636
down €22,636 (-17.9%), from €126,586 to €103,950
of which Plant, machinery and equipment: -€21,836
- Receivables within one year +€9,672
up €9,672 (+50.8%), from €19,033 to €28,705
of which Trade receivables: +€8,418
- Profit (loss) carried forward +€20,473
up €20,473 (+19.7%), from -€104,115 to -€83,642
- Trade debts +€17,403
up €17,403 (+674%), from €2,583 to €19,985
- Gross operating margin +€51,223
up €51,223 (+1,545%), from €3,316 to €54,539
- Staff costs +€4,397
up €4,397 (+11.7%), from €37,612 to €42,009
- Depreciation -€4,000
down €4,000 (-15.0%), from €26,636 to €22,636
- Other operating charges +€1,198
up €1,198 (+106%), from €1,129 to €2,327
- Financial income +€1,138
up €1,138 (+3.5%), from €32,399 to €33,537
of which Financial income: +€1,138
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,676 | €387,870 | +€38,194 | +10.9% |
| Fixed assets | 21/28 | €268,874 | €246,237 | -€22,636 | -8.4% |
| Tangible fixed assets | 22/27 | €126,586 | €103,950 | -€22,636 | -17.9% |
| Plant, machinery and equipment | 23 | €124,986 | €103,150 | -€21,836 | -17.5% |
| Furniture and vehicles | 24 | €1,600 | €800 | -€800 | -50.0% |
| Financial fixed assets | 28 | €142,287 | €142,287 | = | 0.0% |
| Current assets | 29/58 | €80,802 | €141,632 | +€60,830 | +75.3% |
| Stocks and contracts in progress | 3 | €34,449 | €34,616 | +€167 | +0.5% |
| Stocks | 30/36 | €34,449 | €34,616 | +€167 | +0.5% |
| Amounts receivable within one year | 40/41 | €19,033 | €28,705 | +€9,672 | +50.8% |
| Trade receivables | 40 | €13,736 | €22,154 | +€8,418 | +61.3% |
| Other amounts receivable | 41 | €5,296 | €6,550 | +€1,254 | +23.7% |
| Current investments | 50/53 | €28 | €28 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,292 | €78,283 | +€50,992 | +187% |
| Total equity and liabilities | 10/49 | €349,676 | €387,870 | +€38,194 | +10.9% |
| Equity | 10/15 | €344,383 | €364,855 | +€20,473 | +5.9% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €76,657 | €76,657 | = | 0.0% |
| Distributable reserves | 133 | €76,657 | €76,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,115 | -€83,642 | +€20,473 | +19.7% |
| Amounts payable | 17/49 | €5,293 | €23,014 | +€17,721 | +335% |
| Amounts payable within one year | 42/48 | €5,293 | €23,014 | +€17,721 | +335% |
| Trade debts | 44 | €2,583 | €19,985 | +€17,403 | +674% |
| Suppliers | 440/4 | €2,583 | €19,985 | +€17,403 | +674% |
| Taxes, remuneration and social security | 45 | €2,711 | €3,029 | +€318 | +11.7% |
| Remuneration and social security | 454/9 | €2,711 | €3,029 | +€318 | +11.7% |
| Remuneration, social security and pensions | 62 | €37,612 | €42,009 | +€4,397 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,636 | €22,636 | -€4,000 | -15.0% |
| Other operating charges | 640/8 | €1,129 | €2,327 | +€1,198 | +106% |
| Gross operating margin | 9900 | €3,316 | €54,539 | +€51,223 | +1,545% |
| Operating profit (loss) | 9901 | -€62,062 | -€12,434 | +€49,628 | +80.0% |
| Financial income | 75/76B | €32,399 | €33,537 | +€1,138 | +3.5% |
| Recurring financial income | 75 | €2,399 | €3,537 | +€1,138 | +47.4% |
| Non-recurring financial income | 76B | €30,000 | €30,000 | = | 0.0% |
| Financial charges | 65/66B | €1,281 | €621 | -€659 | -51.5% |
| Recurring financial charges | 65 | €1,281 | €621 | -€659 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,944 | €20,482 | +€51,425 | |
| Income taxes | 67/77 | -€201 | €9 | +€210 | |
| Profit (loss) for the period | 9904 | -€30,743 | €20,473 | +€51,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,743 | €20,473 | +€51,216 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.