F MARCHAND SRL: 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.
F MARCHAND SRL
Largest movements
- Cash +€55,988
up €55,988 (+4,148%), from €1,350 to €57,337
mainly Debts after one year (+€311,804) and Depreciation (+€33,834)
- Receivables within one year +€41,656
up €41,656 (+42.6%), from €97,798 to €139,454
of which Trade receivables: +€58,751
- Stocks and contracts +€20,000
up €20,000 (+33.3%), from €60,000 to €80,000
- Intangible fixed assets -€15,400
down €15,400 (-10.8%), from €142,429 to €127,029
- Debts after one year +€311,804
new in 2025: €311,804
- Trade debts -€214,072
down €214,072 (-65.7%), from €325,973 to €111,902
- Profit (loss) carried forward +€22,071
up €22,071 (+419%), from €5,267 to €27,337
- Tax, wage and social debts -€19,218
down €19,218 (-56.3%), from €34,141 to €14,923
of which Taxes: -€11,680
- Gross operating margin +€97,879
up €97,879 (+48.5%), from €201,752 to €299,632
- Staff costs +€62,543
up €62,543 (+36.3%), from €172,435 to €234,978
- Depreciation +€9,565
up €9,565 (+39.4%), from €24,269 to €33,834
- Taxes +€4,383
up €4,383 (+248%), from €1,771 to €6,154
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 | €385,381 | €486,134 | +€100,753 | +26.1% |
| Fixed assets | 21/28 | €222,481 | €206,395 | -€16,086 | -7.2% |
| Intangible fixed assets | 21 | €142,429 | €127,029 | -€15,400 | -10.8% |
| Tangible fixed assets | 22/27 | €78,402 | €77,716 | -€686 | -0.9% |
| Land and buildings | 22 | - | €8,870 | +€8,870 | |
| Plant, machinery and equipment | 23 | €78,402 | €61,292 | -€17,110 | -21.8% |
| Furniture and vehicles | 24 | - | €7,554 | +€7,554 | |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €162,900 | €279,739 | +€116,839 | +71.7% |
| Stocks and contracts in progress | 3 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Stocks | 30/36 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €97,798 | €139,454 | +€41,656 | +42.6% |
| Trade receivables | 40 | €66,360 | €125,112 | +€58,751 | +88.5% |
| Other amounts receivable | 41 | €31,438 | €14,343 | -€17,095 | -54.4% |
| Cash at bank and in hand | 54/58 | €1,350 | €57,337 | +€55,988 | +4,148% |
| Deferred charges and accrued income | 490/1 | €3,752 | €2,947 | -€805 | -21.5% |
| Total equity and liabilities | 10/49 | €385,381 | €486,134 | +€100,753 | +26.1% |
| Equity | 10/15 | €25,267 | €47,337 | +€22,071 | +87.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,267 | €27,337 | +€22,071 | +419% |
| Amounts payable | 17/49 | €360,114 | €438,797 | +€78,682 | +21.8% |
| Amounts payable after more than one year | 17 | - | €311,804 | +€311,804 | |
| Other amounts payable | 178/9 | - | €311,804 | +€311,804 | |
| Amounts payable within one year | 42/48 | €360,114 | €126,993 | -€233,121 | -64.7% |
| Trade debts | 44 | €325,973 | €111,902 | -€214,072 | -65.7% |
| Suppliers | 440/4 | €325,973 | €111,902 | -€214,072 | -65.7% |
| Taxes, remuneration and social security | 45 | €34,141 | €14,923 | -€19,218 | -56.3% |
| Taxes | 450/3 | €20,293 | €8,613 | -€11,680 | -57.6% |
| Remuneration and social security | 454/9 | €13,848 | €6,310 | -€7,538 | -54.4% |
| Other amounts payable | 47/48 | - | €168 | +€168 | |
| Remuneration, social security and pensions | 62 | €172,435 | €234,978 | +€62,543 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,269 | €33,834 | +€9,565 | +39.4% |
| Other operating charges | 640/8 | €669 | €991 | +€322 | +48.2% |
| Gross operating margin | 9900 | €201,752 | €299,632 | +€97,879 | +48.5% |
| Operating profit (loss) | 9901 | €4,379 | €29,829 | +€25,450 | +581% |
| Financial income | 75/76B | €2,992 | €1 | -€2,991 | -100.0% |
| Recurring financial income | 75 | €2,992 | €1 | -€2,991 | -100.0% |
| Financial charges | 65/66B | €334 | €1,605 | +€1,271 | +381% |
| Recurring financial charges | 65 | €334 | €1,605 | +€1,271 | +381% |
| Profit (loss) for the period before taxes | 9903 | €7,038 | €28,225 | +€21,187 | +301% |
| Income taxes | 67/77 | €1,771 | €6,154 | +€4,383 | +248% |
| Profit (loss) for the period | 9904 | €5,267 | €22,071 | +€16,804 | +319% |
| Profit (loss) for the period to be appropriated | 9905 | €5,267 | €22,071 | +€16,804 | +319% |
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 31 October 2026 via checked.be.