Boulangerie Maréchal: 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.
Boulangerie Maréchal
Largest movements
- Receivables within one year -€107,783
down €107,783 (-53.8%), from €200,468 to €92,686
of which Trade receivables: -€56,051
- Tangible fixed assets -€84,611
down €84,611 (-9.5%), from €887,322 to €802,711
of which Plant, machinery and equipment: -€47,441
- Trade debts -€70,628
down €70,628 (-58.4%), from €120,886 to €50,257
- Debts after one year -€57,352
down €57,352 (-13.9%), from €412,497 to €355,145
- Reserves -€27,580
down €27,580 (-6.3%), from €440,620 to €413,040
- Accrued charges and deferred income -€14,724
down €14,724 (-96.4%), from €15,275 to €551
- Gross operating margin +€34,154
up €34,154 (+8.9%), from €384,680 to €418,834
- Depreciation -€29,757
down €29,757 (-21.6%), from €137,704 to €107,948
- Taxes +€16,233
up €16,233 (+314%), from €5,165 to €21,397
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 | €1,172,710 | €982,515 | -€190,195 | -16.2% |
| Fixed assets | 21/28 | €887,322 | €802,711 | -€84,611 | -9.5% |
| Tangible fixed assets | 22/27 | €887,322 | €802,711 | -€84,611 | -9.5% |
| Land and buildings | 22 | €735,404 | €704,339 | -€31,064 | -4.2% |
| Plant, machinery and equipment | 23 | €141,663 | €94,222 | -€47,441 | -33.5% |
| Furniture and vehicles | 24 | €10,255 | €4,150 | -€6,105 | -59.5% |
| Current assets | 29/58 | €285,388 | €179,803 | -€105,585 | -37.0% |
| Stocks and contracts in progress | 3 | €13,136 | €15,008 | +€1,872 | +14.3% |
| Stocks | 30/36 | €13,136 | €15,008 | +€1,872 | +14.3% |
| Amounts receivable within one year | 40/41 | €200,468 | €92,686 | -€107,783 | -53.8% |
| Trade receivables | 40 | €119,357 | €63,306 | -€56,051 | -47.0% |
| Other amounts receivable | 41 | €81,111 | €29,379 | -€51,732 | -63.8% |
| Cash at bank and in hand | 54/58 | €71,784 | €70,696 | -€1,088 | -1.5% |
| Deferred charges and accrued income | 490/1 | - | €1,414 | +€1,414 | |
| Total equity and liabilities | 10/49 | €1,172,710 | €982,515 | -€190,195 | -16.2% |
| Equity | 10/15 | €494,713 | €466,477 | -€28,236 | -5.7% |
| Contributions | 10/11 | €43,835 | €43,835 | = | 0.0% |
| Reserves | 13 | €440,620 | €413,040 | -€27,580 | -6.3% |
| Distributable reserves | 133 | €440,620 | €413,040 | -€27,580 | -6.3% |
| Profit (loss) carried forward | 14 | €160 | €162 | +€1 | +0.7% |
| Investment grants | 15 | €10,097 | €9,441 | -€657 | -6.5% |
| Amounts payable | 17/49 | €677,997 | €516,037 | -€161,960 | -23.9% |
| Amounts payable after more than one year | 17 | €412,497 | €355,145 | -€57,352 | -13.9% |
| Financial debts | 170/4 | €412,497 | €355,145 | -€57,352 | -13.9% |
| Amounts payable within one year | 42/48 | €250,225 | €160,341 | -€89,883 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €67,010 | €57,352 | -€9,657 | -14.4% |
| Trade debts | 44 | €120,886 | €50,257 | -€70,628 | -58.4% |
| Suppliers | 440/4 | €120,886 | €50,257 | -€70,628 | -58.4% |
| Taxes, remuneration and social security | 45 | €61,497 | €51,899 | -€9,598 | -15.6% |
| Taxes | 450/3 | €29,356 | €22,085 | -€7,271 | -24.8% |
| Remuneration and social security | 454/9 | €32,141 | €29,814 | -€2,327 | -7.2% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,275 | €551 | -€14,724 | -96.4% |
| Remuneration, social security and pensions | 62 | €204,699 | €202,570 | -€2,130 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,704 | €107,948 | -€29,757 | -21.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,742 | +€1,742 | |
| Other operating charges | 640/8 | €8,540 | €10,421 | +€1,881 | +22.0% |
| Gross operating margin | 9900 | €384,680 | €418,834 | +€34,154 | +8.9% |
| Operating profit (loss) | 9901 | €33,736 | €96,154 | +€62,417 | +185% |
| Financial income | 75/76B | €1,229 | €712 | -€516 | -42.0% |
| Recurring financial income | 75 | €1,229 | €712 | -€516 | -42.0% |
| Financial charges | 65/66B | €22,060 | €22,214 | +€154 | +0.7% |
| Recurring financial charges | 65 | €22,060 | €22,214 | +€154 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €12,905 | €74,651 | +€61,747 | +478% |
| Income taxes | 67/77 | €5,165 | €21,397 | +€16,233 | +314% |
| Profit (loss) for the period | 9904 | €7,740 | €53,254 | +€45,514 | +588% |
| Profit (loss) for the period to be appropriated | 9905 | €7,740 | €53,254 | +€45,514 | +588% |
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 22 October 2026 via checked.be.