VAN MOER MARC.COM: 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 MOER MARC.COM
Largest movements
- Receivables within one year +€449,606
up €449,606 (+38.8%), from €1.2m to €1.6m
of which Trade receivables: +€570,666
- Tangible fixed assets +€128,336
up €128,336 (+10.4%), from €1.2m to €1.4m
of which Leasing and similar rights: +€135,519
- Cash +€109,834
up €109,834 (+36.7%), from €299,664 to €409,497
mainly Trade debts (+€682,177) and Depreciation (+€465,813)
- Trade debts +€682,177
up €682,177 (+126.3%), from €540,241 to €1.2m
- Profit (loss) carried forward +€216,710
up €216,710 (+32.3%), from €671,322 to €888,032
- Debts after one year -€103,386
down €103,386 (-12.4%), from €832,149 to €728,763
- Current portion of long-term debt +€100,174
up €100,174 (+34.4%), from €291,356 to €391,530
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Staff costs +€344,540
up €344,540 (+41.1%), from €838,176 to €1.2m
- Gross operating margin +€166,592
up €166,592 (+9.2%), from €1.8m to €2.0m
- Depreciation +€116,481
up €116,481 (+33.3%), from €349,331 to €465,813
- Taxes -€77,301
down €77,301 (-55.8%), from €138,524 to €61,223
- Write-downs -€36,083
down €36,083, from €19,910 to -€16,173
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.
Cash bridge derived
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 | €2,779,698 | €3,518,867 | +€739,169 | +26.6% |
| Fixed assets | 21/28 | €1,241,851 | €1,399,601 | +€157,750 | +12.7% |
| Intangible fixed assets | 21 | - | €30,273 | +€30,273 | |
| Tangible fixed assets | 22/27 | €1,239,366 | €1,367,702 | +€128,336 | +10.4% |
| Land and buildings | 22 | €120,992 | €91,492 | -€29,500 | -24.4% |
| Plant, machinery and equipment | 23 | €505,314 | €565,612 | +€60,298 | +11.9% |
| Furniture and vehicles | 24 | €166,987 | €129,005 | -€37,982 | -22.7% |
| Leasing and similar rights | 25 | €446,074 | €581,593 | +€135,519 | +30.4% |
| Financial fixed assets | 28 | €2,485 | €1,627 | -€858 | -34.5% |
| Current assets | 29/58 | €1,537,847 | €2,119,266 | +€581,419 | +37.8% |
| Amounts receivable within one year | 40/41 | €1,158,687 | €1,608,294 | +€449,606 | +38.8% |
| Trade receivables | 40 | €745,330 | €1,315,996 | +€570,666 | +76.6% |
| Other amounts receivable | 41 | €413,357 | €292,298 | -€121,059 | -29.3% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €299,664 | €409,497 | +€109,834 | +36.7% |
| Deferred charges and accrued income | 490/1 | €19,496 | €41,475 | +€21,979 | +112.7% |
| Total equity and liabilities | 10/49 | €2,779,698 | €3,518,867 | +€739,169 | +26.6% |
| Equity | 10/15 | €910,822 | €1,127,532 | +€216,710 | +23.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €164,500 | €164,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €104,500 | €104,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €671,322 | €888,032 | +€216,710 | +32.3% |
| Amounts payable | 17/49 | €1,868,876 | €2,391,335 | +€522,459 | +28.0% |
| Amounts payable after more than one year | 17 | €832,149 | €728,763 | -€103,386 | -12.4% |
| Financial debts | 170/4 | €832,149 | €728,763 | -€103,386 | -12.4% |
| Amounts payable within one year | 42/48 | €1,036,727 | €1,662,572 | +€625,846 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | €291,356 | €391,530 | +€100,174 | +34.4% |
| Trade debts | 44 | €540,241 | €1,222,419 | +€682,177 | +126.3% |
| Suppliers | 440/4 | €540,241 | €1,222,419 | +€682,177 | +126.3% |
| Taxes, remuneration and social security | 45 | €105,129 | €48,624 | -€56,505 | -53.7% |
| Taxes | 450/3 | €40,787 | - | -€40,787 | |
| Remuneration and social security | 454/9 | €64,342 | €48,624 | -€15,718 | -24.4% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Remuneration, social security and pensions | 62 | €838,176 | €1,182,716 | +€344,540 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349,331 | €465,813 | +€116,481 | +33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,910 | -€16,173 | -€36,083 | |
| Other operating charges | 640/8 | €35,082 | €38,537 | +€3,455 | +9.8% |
| Gross operating margin | 9900 | €1,816,282 | €1,982,874 | +€166,592 | +9.2% |
| Operating profit (loss) | 9901 | €573,784 | €311,981 | -€261,802 | -45.6% |
| Financial income | 75/76B | €6,339 | €2,295 | -€4,044 | -63.8% |
| Recurring financial income | 75 | €6,339 | €2,295 | -€4,044 | -63.8% |
| Financial charges | 65/66B | €16,526 | €36,343 | +€19,817 | +119.9% |
| Recurring financial charges | 65 | €16,526 | €36,343 | +€19,817 | +119.9% |
| Profit (loss) for the period before taxes | 9903 | €563,596 | €277,933 | -€285,663 | -50.7% |
| Income taxes | 67/77 | €138,524 | €61,223 | -€77,301 | -55.8% |
| Profit (loss) for the period | 9904 | €425,072 | €216,710 | -€208,362 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €425,072 | €216,710 | -€208,362 | -49.0% |
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 11 October 2026 via checked.be.