Van Marcke Immo: 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 Immo
Largest movements
- Receivables within one year +€3.6m
up €3.6m (+7,678%), from €46,468 to €3.6m
of which Other amounts receivable: +€3.6m
- Tangible fixed assets -€1.4m
down €1.4m (-53.6%), from €2.6m to €1.2m
- Cash -€365,848
down €365,848 (-89.0%), from €411,089 to €45,241
mainly Receivables within one year (-€3.6m) and Contributions, distributions and other (-€854,349)
- Reserves +€2.1m
up €2.1m (+10.5%), from €20.0m to €22.0m
of which Tax-exempt reserves: +€1.9m
- Revaluation surpluses -€854,349
down €854,349 (-62.0%), from €1.4m to €523,727
- Provisions +€632,528
new in 2025: €632,528
- Services and other goods +€64,614
up €64,614 (+119%), from €54,105 to €118,718
- Depreciation -€59,568
down €59,568 (-31.4%), from €189,937 to €130,370
- Financial income +€22,594
up €22,594 (+1,489%), from €1,518 to €24,112
- Turnover +€19,026
up €19,026 (+3.5%), from €544,141 to €563,167
- Other operating income +€18,076
up €18,076 (+1,600%), from €1,130 to €19,205
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 | €24,682,459 | €26,509,619 | +€1.8m | +7.4% |
| Fixed assets | 21/28 | €24,224,902 | €22,850,296 | -€1.4m | -5.7% |
| Tangible fixed assets | 22/27 | €2,565,911 | €1,191,305 | -€1.4m | -53.6% |
| Land and buildings | 22 | €2,565,911 | €1,191,305 | -€1.4m | -53.6% |
| Financial fixed assets | 28 | €21,658,991 | €21,658,991 | = | 0.0% |
| Affiliated companies | 280/1 | €21,658,991 | €21,658,991 | = | 0.0% |
| Participating interests | 280 | €21,658,991 | €21,658,991 | = | 0.0% |
| Current assets | 29/58 | €457,557 | €3,659,323 | +€3.2m | +700% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €46,468 | €3,614,083 | +€3.6m | +7,678% |
| Trade receivables | 40 | €46,328 | €0 | -€46,328 | -100% |
| Other amounts receivable | 41 | €139 | €3,614,083 | +€3.6m | +2,591,755% |
| Cash at bank and in hand | 54/58 | €411,089 | €45,241 | -€365,848 | -89.0% |
| Total equity and liabilities | 10/49 | €24,682,459 | €26,509,619 | +€1.8m | +7.4% |
| Equity | 10/15 | €24,545,051 | €25,786,196 | +€1.2m | +5.1% |
| Contributions | 10/11 | €3,213,578 | €3,213,578 | = | 0.0% |
| Capital | 10 | €3,213,578 | €3,213,578 | = | 0.0% |
| Issued capital | 100 | €3,213,578 | €3,213,578 | = | 0.0% |
| Revaluation surpluses | 12 | €1,378,076 | €523,727 | -€854,349 | -62.0% |
| Reserves | 13 | €19,953,397 | €22,048,891 | +€2.1m | +10.5% |
| Non-distributable reserves | 130/1 | €329,560 | €329,560 | = | 0.0% |
| Legal reserve | 130 | €321,358 | €321,358 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,202 | €8,202 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,255 | €2,044,840 | +€1.9m | +1,289% |
| Distributable reserves | 133 | €19,476,582 | €19,674,491 | +€197,910 | +1.0% |
| Provisions and deferred taxes | 16 | - | €632,528 | +€632,528 | |
| Deferred taxes | 168 | - | €632,528 | +€632,528 | |
| Amounts payable | 17/49 | €137,408 | €90,895 | -€46,512 | -33.8% |
| Amounts payable within one year | 42/48 | €137,408 | €90,895 | -€46,512 | -33.8% |
| Trade debts | 44 | €18,760 | €18,723 | -€36 | -0.2% |
| Suppliers | 440/4 | €18,760 | €18,723 | -€36 | -0.2% |
| Taxes, remuneration and social security | 45 | €66,660 | €72,172 | +€5,512 | +8.3% |
| Taxes | 450/3 | €66,660 | €72,172 | +€5,512 | +8.3% |
| Other amounts payable | 47/48 | €51,988 | €0 | -€51,988 | -100% |
| Operating income | 70/76A | €545,271 | €3,112,485 | +€2.6m | +471% |
| Turnover | 70 | €544,141 | €563,167 | +€19,026 | +3.5% |
| Other operating income | 74 | €1,130 | €19,205 | +€18,076 | +1,600% |
| Non-recurring operating income | 76A | - | €2,530,112 | +€2.5m | |
| Operating charges | 60/66A | €299,449 | €336,226 | +€36,776 | +12.3% |
| Services and other goods | 61 | €54,105 | €118,718 | +€64,614 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,937 | €130,370 | -€59,568 | -31.4% |
| Other operating charges | 640/8 | €55,407 | €57,137 | +€1,730 | +3.1% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Operating profit (loss) | 9901 | €245,822 | €2,776,259 | +€2.5m | +1,029% |
| Financial income | 75/76B | €1,518 | €24,112 | +€22,594 | +1,489% |
| Recurring financial income | 75 | €1,518 | €24,112 | +€22,594 | +1,489% |
| Income from current assets | 751 | €1,518 | €24,112 | +€22,594 | +1,489% |
| Financial charges | 65/66B | €3,178 | €305 | -€2,873 | -90.4% |
| Recurring financial charges | 65 | €3,178 | €305 | -€2,873 | -90.4% |
| Debt charges | 650 | €2,903 | €0 | -€2,903 | -100% |
| Other financial charges | 652/9 | €275 | €305 | +€30 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €244,161 | €2,800,066 | +€2.6m | +1,047% |
| Transfer to deferred taxes | 680 | - | €632,528 | +€632,528 | |
| Income taxes | 67/77 | €66,534 | €72,044 | +€5,510 | +8.3% |
| Taxes | 670/3 | €66,534 | €72,044 | +€5,510 | +8.3% |
| Profit (loss) for the period | 9904 | €177,627 | €2,095,494 | +€1.9m | +1,080% |
| Transfer to tax-exempt reserves | 689 | - | €1,897,584 | +€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €177,627 | €197,910 | +€20,282 | +11.4% |
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 19 October 2026 via checked.be.