BUREAU MARCHAND: 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.
BUREAU MARCHAND
Largest movements
- Cash +€45,384
up €45,384 (+54.4%), from €83,382 to €128,766
mainly Net result for the year (+€42,207) and Depreciation (+€41,490)
- Intangible fixed assets -€40,000
down €40,000 (-11.5%), from €346,667 to €306,667
- Tangible fixed assets +€7,455
up €7,455 (+524%), from €1,423 to €8,878
of which Furniture and vehicles: +€8,086
- Profit (loss) carried forward +€42,207
up €42,207 (+61.3%), from €68,868 to €111,074
- Debts after one year -€32,089
down €32,089 (-10.9%), from €293,092 to €261,004
- Tax, wage and social debts +€6,130
up €6,130 (+52.8%), from €11,620 to €17,750
of which Remuneration and social security: +€5,187
- Gross operating margin -€50,417
down €50,417 (-22.2%), from €227,498 to €177,081
- Depreciation -€12,316
down €12,316 (-22.9%), from €53,806 to €41,490
- Taxes -€6,329
down €6,329 (-35.6%), from €17,756 to €11,427
- Financial charges -€5,870
down €5,870 (-28.4%), from €20,673 to €14,803
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 | €447,676 | €462,087 | +€14,411 | +3.2% |
| Fixed assets | 21/28 | €348,089 | €315,544 | -€32,545 | -9.3% |
| Intangible fixed assets | 21 | €346,667 | €306,667 | -€40,000 | -11.5% |
| Tangible fixed assets | 22/27 | €1,423 | €8,878 | +€7,455 | +524% |
| Furniture and vehicles | 24 | - | €8,086 | +€8,086 | |
| Leasing and similar rights | 25 | €1,423 | €791 | -€632 | -44.4% |
| Current assets | 29/58 | €99,587 | €146,543 | +€46,956 | +47.2% |
| Amounts receivable within one year | 40/41 | €15,159 | €16,843 | +€1,684 | +11.1% |
| Trade receivables | 40 | €14,063 | €16,843 | +€2,780 | +19.8% |
| Other amounts receivable | 41 | €1,095 | - | -€1,095 | |
| Cash at bank and in hand | 54/58 | €83,382 | €128,766 | +€45,384 | +54.4% |
| Deferred charges and accrued income | 490/1 | €1,046 | €934 | -€112 | -10.7% |
| Total equity and liabilities | 10/49 | €447,676 | €462,087 | +€14,411 | +3.2% |
| Equity | 10/15 | €73,868 | €116,074 | +€42,207 | +57.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,868 | €111,074 | +€42,207 | +61.3% |
| Amounts payable | 17/49 | €373,808 | €346,013 | -€27,796 | -7.4% |
| Amounts payable after more than one year | 17 | €293,092 | €261,004 | -€32,089 | -10.9% |
| Financial debts | 170/4 | €293,092 | €261,004 | -€32,089 | -10.9% |
| Amounts payable within one year | 42/48 | €80,716 | €85,009 | +€4,293 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €30,613 | €32,089 | +€1,475 | +4.8% |
| Trade debts | 44 | €3,750 | €922 | -€2,828 | -75.4% |
| Suppliers | 440/4 | €3,750 | €922 | -€2,828 | -75.4% |
| Taxes, remuneration and social security | 45 | €11,620 | €17,750 | +€6,130 | +52.8% |
| Taxes | 450/3 | €4,836 | €5,780 | +€944 | +19.5% |
| Remuneration and social security | 454/9 | €6,784 | €11,970 | +€5,187 | +76.5% |
| Other amounts payable | 47/48 | €34,734 | €34,248 | -€486 | -1.4% |
| Remuneration, social security and pensions | 62 | €66,406 | €67,155 | +€749 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,806 | €41,490 | -€12,316 | -22.9% |
| Gross operating margin | 9900 | €227,498 | €177,081 | -€50,417 | -22.2% |
| Operating profit (loss) | 9901 | €107,287 | €68,436 | -€38,850 | -36.2% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €20,673 | €14,803 | -€5,870 | -28.4% |
| Recurring financial charges | 65 | €20,673 | €14,803 | -€5,870 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €86,624 | €53,634 | -€32,990 | -38.1% |
| Income taxes | 67/77 | €17,756 | €11,427 | -€6,329 | -35.6% |
| Profit (loss) for the period | 9904 | €68,868 | €42,207 | -€26,661 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,868 | €42,207 | -€26,661 | -38.7% |
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 30 October 2026 via checked.be.