IMMO MARCHIENNE: 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.
IMMO MARCHIENNE
Largest movements
- Tangible fixed assets -€19,825
down €19,825 (-4.6%), from €433,819 to €413,994
of which Land and buildings: -€18,398
- Receivables within one year +€9,132
up €9,132 (+8.8%), from €103,900 to €113,032
of which Other amounts receivable: +€7,858
- Debts after one year -€37,498
down €37,498 (-24.6%), from €152,132 to €114,633
of which Financial debts: -€37,498
- Profit (loss) carried forward +€26,717
up €26,717 (+16.4%), from €163,364 to €190,081
- Tax, wage and social debts -€8,557
down €8,557 (-56.7%), from €15,099 to €6,542
- Gross operating margin +€51,357
up €51,357 (+127%), from €40,320 to €91,677
- Other operating charges +€15,471
up €15,471 (+145%), from €10,690 to €26,161
- Taxes +€8,956
up €8,956 (+1,528%), from €586 to €9,542
- Financial charges +€2,165
up €2,165 (+29.8%), from €7,268 to €9,433
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 | €540,049 | €527,494 | -€12,554 | -2.3% |
| Fixed assets | 21/28 | €433,819 | €413,994 | -€19,825 | -4.6% |
| Tangible fixed assets | 22/27 | €433,819 | €413,994 | -€19,825 | -4.6% |
| Land and buildings | 22 | €421,900 | €403,502 | -€18,398 | -4.4% |
| Plant, machinery and equipment | 23 | €11,918 | €10,492 | -€1,426 | -12.0% |
| Current assets | 29/58 | €106,230 | €113,500 | +€7,270 | +6.8% |
| Amounts receivable within one year | 40/41 | €103,900 | €113,032 | +€9,132 | +8.8% |
| Trade receivables | 40 | - | €1,275 | +€1,275 | |
| Other amounts receivable | 41 | €103,900 | €111,757 | +€7,858 | +7.6% |
| Cash at bank and in hand | 54/58 | €191 | €469 | +€278 | +146% |
| Deferred charges and accrued income | 490/1 | €2,140 | - | -€2,140 | |
| Total equity and liabilities | 10/49 | €540,049 | €527,494 | -€12,554 | -2.3% |
| Equity | 10/15 | €183,824 | €210,541 | +€26,717 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,364 | €190,081 | +€26,717 | +16.4% |
| Amounts payable | 17/49 | €356,225 | €316,954 | -€39,272 | -11.0% |
| Amounts payable after more than one year | 17 | €152,132 | €114,633 | -€37,498 | -24.6% |
| Financial debts | 170/4 | €134,132 | €96,633 | -€37,498 | -28.0% |
| Other amounts payable | 178/9 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,603 | €198,830 | -€1,773 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €39,120 | €40,498 | +€1,378 | +3.5% |
| Financial debts | 43 | €198 | - | -€198 | |
| Credit institutions | 430/8 | €198 | - | -€198 | |
| Trade debts | 44 | €91,686 | €96,640 | +€4,954 | +5.4% |
| Suppliers | 440/4 | €91,686 | €96,640 | +€4,954 | +5.4% |
| Taxes, remuneration and social security | 45 | €15,099 | €6,542 | -€8,557 | -56.7% |
| Taxes | 450/3 | €15,099 | €6,542 | -€8,557 | -56.7% |
| Other amounts payable | 47/48 | €54,500 | €55,150 | +€650 | +1.2% |
| Accrued charges and deferred income | 492/3 | €3,491 | €3,491 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,738 | €19,825 | +€86 | +0.4% |
| Other operating charges | 640/8 | €10,690 | €26,161 | +€15,471 | +145% |
| Gross operating margin | 9900 | €40,320 | €91,677 | +€51,357 | +127% |
| Operating profit (loss) | 9901 | €9,891 | €45,691 | +€35,800 | +362% |
| Financial income | 75/76B | €3 | €0 | -€3 | -94.4% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -94.4% |
| Financial charges | 65/66B | €7,268 | €9,433 | +€2,165 | +29.8% |
| Recurring financial charges | 65 | €7,268 | €9,433 | +€2,165 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €2,627 | €36,259 | +€33,632 | +1,280% |
| Income taxes | 67/77 | €586 | €9,542 | +€8,956 | +1,528% |
| Profit (loss) for the period | 9904 | €2,040 | €26,717 | +€24,677 | +1,209% |
| Profit (loss) for the period to be appropriated | 9905 | €2,040 | €26,717 | +€24,677 | +1,209% |
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 14 October 2026 via checked.be.