ETS MARECHAL: what changed
Two fiscal 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.
ETS MARECHAL
Largest movements
- Tangible fixed assets -€10,950
down €10,950 (-3.0%), from €364,088 to €353,138
- Cash -€3,988
down €3,988 (-94.6%), from €4,214 to €225
mainly Net result for the year (-€15,133)
- Profit (loss) carried forward -€15,133
down €15,133 (-29.2%), from -€51,904 to -€67,037
- Other operating charges -€46,666
down €46,666 (-97.8%), from €47,697 to €1,031
- Depreciation +€10,038
up €10,038 (+1100.0%), from €913 to €10,950
- Gross operating margin +€394
up €394 (+12.2%), from -€3,235 to -€2,840
- Financial charges +€253
up €253 (+426.4%), from €59 to €312
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,301 | €353,363 | -€14,938 | -4.1% |
| Fixed assets | 21/28 | €364,088 | €353,138 | -€10,950 | -3.0% |
| Tangible fixed assets | 22/27 | €364,088 | €353,138 | -€10,950 | -3.0% |
| Land and buildings | 22 | €364,088 | €353,138 | -€10,950 | -3.0% |
| Current assets | 29/58 | €4,214 | €225 | -€3,988 | -94.6% |
| Cash at bank and in hand | 54/58 | €4,214 | €225 | -€3,988 | -94.6% |
| Total equity and liabilities | 10/49 | €368,301 | €353,363 | -€14,938 | -4.1% |
| Equity | 10/15 | -€49,904 | -€65,037 | -€15,133 | -30.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,904 | -€67,037 | -€15,133 | -29.2% |
| Amounts payable | 17/49 | €418,205 | €418,400 | +€195 | 0.0% |
| Amounts payable within one year | 42/48 | €418,205 | €418,400 | +€195 | 0.0% |
| Trade debts | 44 | - | €195 | +€195 | |
| Suppliers | 440/4 | - | €195 | +€195 | |
| Other amounts payable | 47/48 | €418,205 | €418,205 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913 | €10,950 | +€10,038 | +1100.0% |
| Other operating charges | 640/8 | €47,697 | €1,031 | -€46,666 | -97.8% |
| Gross operating margin | 9900 | -€3,235 | -€2,840 | +€394 | +12.2% |
| Operating profit (loss) | 9901 | -€51,844 | -€14,821 | +€37,023 | +71.4% |
| Financial charges | 65/66B | €59 | €312 | +€253 | +426.4% |
| Recurring financial charges | 65 | €59 | €312 | +€253 | +426.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,904 | -€15,133 | +€36,771 | +70.8% |
| Profit (loss) for the period | 9904 | -€51,904 | -€15,133 | +€36,771 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,904 | -€15,133 | +€36,771 | +70.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.