B.A. MARECHAL 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.
What changed
B.A. MARECHAL IMMO
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€8,689
2023 · -€30,733+€22,044
Equity
€83,576
2023 · €92,265-€8,689
Cash
€21
2023 · €1,333-€1,312
Balance sheet total
€1.3m
2023 · €1.0m+€242,308
Largest movements
Assets
- Tangible fixed assets +€244,339
up €244,339 (+27.0%), from €903,374 to €1.1m
Equity and liabilities
- Other debts +€280,491
up €280,491 (+347%), from €80,849 to €361,340
- Debts after one year -€49,134
down €49,134 (-6.7%), from €733,373 to €684,238
Income statement
- Gross operating margin +€23,893
up €23,893 (+38.4%), from €62,290 to €86,182
- Depreciation +€6,269
up €6,269 (+13.0%), from €48,147 to €54,416
- Financial charges -€3,060
down €3,060 (-9.2%), from €33,141 to €30,081
- Other operating charges -€1,354
down €1,354 (-11.5%), from €11,734 to €10,381
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.
Result 2023
-€30,733
Gross operating margin
+€23,893
Staff costs
-€22
Depreciation
-€6,269
Other operating charges
+€1,354
Financial income
+€27
Financial charges
+€3,060
Result 2024
-€8,689
raises the resultlowers the result
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.
From operations
+€337,839
Investment
-€298,249
Financing
-€40,901
Cash 2023
€1,333
From operations (derived)
+€337,839
Net result for the year
-€8,689
Depreciation
+€54,416
Receivables within one year
-€1,145
Deferred charges and accrued income
+€1,358
Trade debts
+€8,390
Other debts
+€280,491
Accrued charges and deferred income
+€3,017
Investment (derived)
-€298,249
Investment in fixed assets (net)
-€298,249
Financing
-€40,901
Debts after one year
-€49,134
Current portion of long-term debt
+€8,233
Cash 2024
€21
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,009,325 | €1,251,632 | +€242,308 | +24.0% |
| Fixed assets | 21/28 | €918,879 | €1,162,713 | +€243,833 | +26.5% |
| Tangible fixed assets | 22/27 | €903,374 | €1,147,713 | +€244,339 | +27.0% |
| Land and buildings | 22 | €903,374 | €1,147,713 | +€244,339 | +27.0% |
| Financial fixed assets | 28 | €15,506 | €15,000 | -€506 | -3.3% |
| Current assets | 29/58 | €90,445 | €88,920 | -€1,526 | -1.7% |
| Amounts receivable within one year | 40/41 | €29,236 | €30,381 | +€1,145 | +3.9% |
| Trade receivables | 40 | - | €614 | +€614 | |
| Other amounts receivable | 41 | €29,236 | €29,766 | +€530 | +1.8% |
| Cash at bank and in hand | 54/58 | €1,333 | €21 | -€1,312 | -98.4% |
| Deferred charges and accrued income | 490/1 | €59,876 | €58,518 | -€1,358 | -2.3% |
| Total equity and liabilities | 10/49 | €1,009,325 | €1,251,632 | +€242,308 | +24.0% |
| Equity | 10/15 | €92,265 | €83,576 | -€8,689 | -9.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €130,000 | €122,500 | -€7,500 | -5.8% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,820 | -€73,009 | -€1,189 | -1.7% |
| Amounts payable | 17/49 | €917,059 | €1,168,056 | +€250,997 | +27.4% |
| Amounts payable after more than one year | 17 | €733,373 | €684,238 | -€49,134 | -6.7% |
| Financial debts | 170/4 | €733,373 | €684,238 | -€49,134 | -6.7% |
| Amounts payable within one year | 42/48 | €183,687 | €480,801 | +€297,114 | +162% |
| Current portion of amounts payable after more than one year | 42 | €52,954 | €61,188 | +€8,233 | +15.5% |
| Trade debts | 44 | €49,884 | €58,274 | +€8,390 | +16.8% |
| Suppliers | 440/4 | €49,884 | €58,274 | +€8,390 | +16.8% |
| Other amounts payable | 47/48 | €80,849 | €361,340 | +€280,491 | +347% |
| Accrued charges and deferred income | 492/3 | - | €3,017 | +€3,017 | |
| Remuneration, social security and pensions | 62 | - | €22 | +€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,147 | €54,416 | +€6,269 | +13.0% |
| Other operating charges | 640/8 | €11,734 | €10,381 | -€1,354 | -11.5% |
| Gross operating margin | 9900 | €62,290 | €86,182 | +€23,893 | +38.4% |
| Operating profit (loss) | 9901 | €2,408 | €21,364 | +€18,956 | +787% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €33,141 | €30,081 | -€3,060 | -9.2% |
| Recurring financial charges | 65 | €33,141 | €30,081 | -€3,060 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,733 | -€8,689 | +€22,044 | +71.7% |
| Profit (loss) for the period | 9904 | -€30,733 | -€8,689 | +€22,044 | +71.7% |
| Transfer from tax-exempt reserves | 789 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,233 | -€1,189 | +€22,044 | +94.9% |
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 19 October 2026 via checked.be.