VAN MARCKE PROPERTIES: 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.
What changed
VAN MARCKE PROPERTIES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€77,970
2024 · €40,141+€37,829
Equity
€6.7m
2024 · €6.6m+€77,970
Cash
€111
2024 · €391,171-€391,060
Balance sheet total
€13.2m
2024 · €14.5m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€972,133
down €972,133 (-6.9%), from €14.0m to €13.1m
of which Land and buildings: -€923,511
- Cash -€391,060
down €391,060 (-100.0%), from €391,171 to €111
mainly Debts after one year (-€1.2m) and Other debts (-€204,018)
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-36.3%), from €3.2m to €2.1m
- Profit (loss) carried forward +€463,862
up €463,862 (+25.2%), from -€1.8m to -€1.4m
- Reserves -€385,892
down €385,892 (-7.5%), from €5.2m to €4.8m
of which Tax-exempt reserves: -€385,892
- Other debts -€204,018
down €204,018 (-12.8%), from €1.6m to €1.4m
Income statement
- Turnover +€40,038
up €40,038 (+2.8%), from €1.4m to €1.5m
- Services and other goods -€35,457
down €35,457 (-26.1%), from €135,878 to €100,421
- Taxes +€25,109
up €25,109 (+17.5%), from €143,747 to €168,857
of which Taxes: +€25,109
- Financial charges -€18,374
down €18,374 (-9.2%), from €199,413 to €181,039
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.
Result 2024
€40,141
Turnover
+€40,038
Other operating income
+€1,531
Services and other goods
+€35,457
Depreciation
+€186
Other operating charges
+€1,280
Other operating items
-€35,055
Financial income
-€6
Financial charges
+€18,374
Taxes
-€25,109
Deferred taxes and other
+€1,133
Result 2025
€77,970
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€764,017
Investment
+€44,947
Financing
-€1.2m
Cash 2024
€391,171
From operations (derived)
+€764,017
Net result for the year
+€77,970
Depreciation
+€927,186
Receivables within one year
-€26,307
Provisions
-€128,631
Trade debts
-€3,837
Tax, wage and social debts
+€121,652
Other debts
-€204,018
Investment (derived)
+€44,947
Investment in fixed assets (net)
+€44,947
Financing
-€1.2m
Debts after one year
-€1.2m
Current portion of long-term debt
+€45
Short-term financial debts
-€30,400
Cash 2025
€111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,549,147 | €13,212,261 | -€1.3m | -9.2% |
| Fixed assets | 21/28 | €14,048,122 | €13,075,989 | -€972,133 | -6.9% |
| Tangible fixed assets | 22/27 | €14,048,122 | €13,075,989 | -€972,133 | -6.9% |
| Land and buildings | 22 | €13,999,500 | €13,075,989 | -€923,511 | -6.6% |
| Assets under construction and advance payments | 27 | €48,622 | €0 | -€48,622 | -100% |
| Current assets | 29/58 | €501,025 | €136,272 | -€364,753 | -72.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €109,855 | €136,161 | +€26,307 | +23.9% |
| Trade receivables | 40 | €109,395 | €134,938 | +€25,543 | +23.3% |
| Other amounts receivable | 41 | €460 | €1,223 | +€763 | +166% |
| Cash at bank and in hand | 54/58 | €391,171 | €111 | -€391,060 | -100.0% |
| Total equity and liabilities | 10/49 | €14,549,147 | €13,212,261 | -€1.3m | -9.2% |
| Equity | 10/15 | €6,626,789 | €6,704,759 | +€77,970 | +1.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,203,130 | €3,203,130 | = | 0.0% |
| Reserves | 13 | €5,161,889 | €4,775,997 | -€385,892 | -7.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,151,889 | €4,765,997 | -€385,892 | -7.5% |
| Profit (loss) carried forward | 14 | -€1,838,230 | -€1,374,368 | +€463,862 | +25.2% |
| Provisions and deferred taxes | 16 | €1,717,296 | €1,588,666 | -€128,631 | -7.5% |
| Deferred taxes | 168 | €1,717,296 | €1,588,666 | -€128,631 | -7.5% |
| Amounts payable | 17/49 | €6,205,062 | €4,918,836 | -€1.3m | -20.7% |
| Amounts payable after more than one year | 17 | €3,223,661 | €2,053,992 | -€1.2m | -36.3% |
| Financial debts | 170/4 | €3,223,661 | €2,053,992 | -€1.2m | -36.3% |
| Credit institutions | 173 | €3,223,661 | €2,053,992 | -€1.2m | -36.3% |
| Amounts payable within one year | 42/48 | €2,981,372 | €2,864,814 | -€116,558 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €1,169,624 | €1,169,669 | +€45 | 0.0% |
| Financial debts | 43 | €30,400 | €0 | -€30,400 | -100% |
| Credit institutions | 430/8 | €30,400 | €0 | -€30,400 | -100% |
| Trade debts | 44 | €60,281 | €56,444 | -€3,837 | -6.4% |
| Suppliers | 440/4 | €60,281 | €56,444 | -€3,837 | -6.4% |
| Taxes, remuneration and social security | 45 | €121,021 | €242,673 | +€121,652 | +101% |
| Taxes | 450/3 | €121,021 | €242,673 | +€121,652 | +101% |
| Other amounts payable | 47/48 | €1,600,047 | €1,396,029 | -€204,018 | -12.8% |
| Accrued charges and deferred income | 492/3 | €29 | €29 | = | 0.0% |
| Operating income | 70/76A | €1,454,231 | €1,495,800 | +€41,569 | +2.9% |
| Turnover | 70 | €1,449,043 | €1,489,081 | +€40,038 | +2.8% |
| Other operating income | 74 | €5,188 | €6,719 | +€1,531 | +29.5% |
| Operating charges | 60/66A | €1,200,348 | €1,198,480 | -€1,868 | -0.2% |
| Services and other goods | 61 | €135,878 | €100,421 | -€35,457 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927,372 | €927,186 | -€186 | 0.0% |
| Other operating charges | 640/8 | €123,529 | €122,250 | -€1,280 | -1.0% |
| Non-recurring operating charges | 66A | €13,569 | €48,623 | +€35,055 | +258% |
| Operating profit (loss) | 9901 | €253,883 | €297,319 | +€43,437 | +17.1% |
| Financial income | 75/76B | €1,922 | €1,916 | -€6 | -0.3% |
| Recurring financial income | 75 | €1,922 | €1,916 | -€6 | -0.3% |
| Income from current assets | 751 | €1,922 | €1,916 | -€6 | -0.3% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €199,413 | €181,039 | -€18,374 | -9.2% |
| Recurring financial charges | 65 | €199,413 | €181,039 | -€18,374 | -9.2% |
| Debt charges | 650 | €193,890 | €177,335 | -€16,555 | -8.5% |
| Other financial charges | 652/9 | €5,522 | €3,703 | -€1,819 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €56,392 | €118,197 | +€61,805 | +110% |
| Transfer from deferred taxes | 780 | €127,497 | €128,631 | +€1,133 | +0.9% |
| Income taxes | 67/77 | €143,747 | €168,857 | +€25,109 | +17.5% |
| Taxes | 670/3 | €143,747 | €168,857 | +€25,109 | +17.5% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €40,141 | €77,970 | +€37,829 | +94.2% |
| Transfer from tax-exempt reserves | 789 | €382,492 | €385,892 | +€3,400 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €422,633 | €463,862 | +€41,229 | +9.8% |
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 15 October 2026 via checked.be.