FCM MARANSART: 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.
FCM MARANSART
Largest movements
- Receivables within one year +€256,250
up €256,250 (+1,520%), from €16,860 to €273,110
of which Trade receivables: +€128,250
- Cash -€84,251
down €84,251 (-72.1%), from €116,887 to €32,636
mainly Receivables within one year (-€256,250) and Debts after one year (-€217,580)
- Other debts +€261,395
up €261,395 (+407%), from €64,258 to €325,653
- Debts after one year -€217,580
down €217,580 (-17.6%), from €1.2m to €1.0m
- Profit (loss) carried forward +€99,834
up €99,834 (+95.3%), from €104,762 to €204,596
- Trade debts +€34,266
up €34,266 (+194%), from €17,660 to €51,927
- Gross operating margin -€80,735
down €80,735 (-29.8%), from €270,538 to €189,804
- Taxes -€18,918
down €18,918 (-36.9%), from €51,206 to €32,287
- Financial charges -€7,928
down €7,928 (-13.4%), from €59,280 to €51,352
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 | €2,353,016 | €2,519,082 | +€166,066 | +7.1% |
| Formation expenses | 20 | €19,268 | €13,327 | -€5,941 | -30.8% |
| Fixed assets | 21/28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Current assets | 29/58 | €133,747 | €305,755 | +€172,007 | +129% |
| Amounts receivable within one year | 40/41 | €16,860 | €273,110 | +€256,250 | +1,520% |
| Trade receivables | 40 | €16,860 | €145,110 | +€128,250 | +761% |
| Other amounts receivable | 41 | - | €128,000 | +€128,000 | |
| Cash at bank and in hand | 54/58 | €116,887 | €32,636 | -€84,251 | -72.1% |
| Deferred charges and accrued income | 490/1 | - | €9 | +€9 | |
| Total equity and liabilities | 10/49 | €2,353,016 | €2,519,082 | +€166,066 | +7.1% |
| Equity | 10/15 | €764,762 | €864,596 | +€99,834 | +13.1% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,762 | €204,596 | +€99,834 | +95.3% |
| Amounts payable | 17/49 | €1,588,254 | €1,654,486 | +€66,232 | +4.2% |
| Amounts payable after more than one year | 17 | €1,239,591 | €1,022,011 | -€217,580 | -17.6% |
| Financial debts | 170/4 | €1,239,591 | €1,022,011 | -€217,580 | -17.6% |
| Amounts payable within one year | 42/48 | €348,132 | €632,475 | +€284,343 | +81.7% |
| Current portion of amounts payable after more than one year | 42 | €209,518 | €217,580 | +€8,062 | +3.8% |
| Trade debts | 44 | €17,660 | €51,927 | +€34,266 | +194% |
| Suppliers | 440/4 | €17,660 | €51,927 | +€34,266 | +194% |
| Taxes, remuneration and social security | 45 | €56,695 | €37,315 | -€19,380 | -34.2% |
| Taxes | 450/3 | €56,695 | €37,315 | -€19,380 | -34.2% |
| Other amounts payable | 47/48 | €64,258 | €325,653 | +€261,395 | +407% |
| Accrued charges and deferred income | 492/3 | €531 | - | -€531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,436 | €5,941 | -€495 | -7.7% |
| Other operating charges | 640/8 | - | €389 | +€389 | |
| Gross operating margin | 9900 | €270,538 | €189,804 | -€80,735 | -29.8% |
| Operating profit (loss) | 9901 | €264,102 | €183,473 | -€80,629 | -30.5% |
| Financial charges | 65/66B | €59,280 | €51,352 | -€7,928 | -13.4% |
| Recurring financial charges | 65 | €59,280 | €51,352 | -€7,928 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €204,822 | €132,121 | -€72,701 | -35.5% |
| Income taxes | 67/77 | €51,206 | €32,287 | -€18,918 | -36.9% |
| Profit (loss) for the period | 9904 | €153,617 | €99,834 | -€53,783 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €153,617 | €99,834 | -€53,783 | -35.0% |
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 18 October 2026 via checked.be.