LA MARCHE: 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.
LA MARCHE
Largest movements
- Tangible fixed assets +€30,586
up €30,586 (+184%), from €16,627 to €47,213
of which Furniture and vehicles: +€28,624
- Receivables within one year -€11,883
down €11,883 (-66.2%), from €17,960 to €6,077
of which Other amounts receivable: -€11,229
- Cash +€8,797
up €8,797 (+33.6%), from €26,175 to €34,972
mainly Debts after one year (+€19,723) and Depreciation (+€13,773)
- Debts after one year +€19,723
new in 2025: €19,723
- Current portion of long-term debt +€5,704
new in 2025: €5,704
- Reserves +€3,332
up €3,332 (+6.1%), from €54,715 to €58,047
- Trade debts -€954
down €954 (-74.8%), from €1,275 to €321
- Financial charges -€10,683
down €10,683 (-93.3%), from €11,453 to €770
of which Non-recurring financial charges: -€11,225
- Depreciation +€8,408
up €8,408 (+157%), from €5,365 to €13,773
- Gross operating margin +€7,469
up €7,469 (+32.7%), from €22,837 to €30,306
- Taxes +€3,182
up €3,182 (+170%), from €1,872 to €5,054
- Other operating charges +€800
up €800 (+285%), from €281 to €1,080
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 | €62,190 | €90,009 | +€27,819 | +44.7% |
| Fixed assets | 21/28 | €16,627 | €47,213 | +€30,586 | +184% |
| Tangible fixed assets | 22/27 | €16,627 | €47,213 | +€30,586 | +184% |
| Plant, machinery and equipment | 23 | €3,276 | €5,238 | +€1,962 | +59.9% |
| Furniture and vehicles | 24 | €13,351 | €41,975 | +€28,624 | +214% |
| Current assets | 29/58 | €45,563 | €42,796 | -€2,767 | -6.1% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,960 | €6,077 | -€11,883 | -66.2% |
| Trade receivables | 40 | €802 | €148 | -€654 | -81.6% |
| Other amounts receivable | 41 | €17,159 | €5,929 | -€11,229 | -65.4% |
| Cash at bank and in hand | 54/58 | €26,175 | €34,972 | +€8,797 | +33.6% |
| Deferred charges and accrued income | 490/1 | €428 | €747 | +€319 | +74.5% |
| Total equity and liabilities | 10/49 | €62,190 | €90,009 | +€27,819 | +44.7% |
| Equity | 10/15 | €60,915 | €64,247 | +€3,332 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,715 | €58,047 | +€3,332 | +6.1% |
| Distributable reserves | 133 | €54,715 | €58,047 | +€3,332 | +6.1% |
| Amounts payable | 17/49 | €1,275 | €25,762 | +€24,488 | +1,921% |
| Amounts payable after more than one year | 17 | - | €19,723 | +€19,723 | |
| Financial debts | 170/4 | - | €19,723 | +€19,723 | |
| Amounts payable within one year | 42/48 | €1,275 | €6,040 | +€4,765 | +374% |
| Current portion of amounts payable after more than one year | 42 | - | €5,704 | +€5,704 | |
| Trade debts | 44 | €1,275 | €321 | -€954 | -74.8% |
| Suppliers | 440/4 | €1,275 | €321 | -€954 | -74.8% |
| Taxes, remuneration and social security | 45 | - | €15 | +€15 | |
| Taxes | 450/3 | - | €15 | +€15 | |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,365 | €13,773 | +€8,408 | +157% |
| Other operating charges | 640/8 | €281 | €1,080 | +€800 | +285% |
| Gross operating margin | 9900 | €22,837 | €30,306 | +€7,469 | +32.7% |
| Operating profit (loss) | 9901 | €17,191 | €15,453 | -€1,738 | -10.1% |
| Financial income | 75/76B | €439 | €203 | -€236 | -53.7% |
| Recurring financial income | 75 | €439 | €203 | -€236 | -53.7% |
| Financial charges | 65/66B | €11,453 | €770 | -€10,683 | -93.3% |
| Recurring financial charges | 65 | €227 | €770 | +€543 | +239% |
| Non-recurring financial charges | 66B | €11,225 | - | -€11,225 | |
| Profit (loss) for the period before taxes | 9903 | €6,178 | €14,886 | +€8,708 | +141% |
| Income taxes | 67/77 | €1,872 | €5,054 | +€3,182 | +170% |
| Profit (loss) for the period | 9904 | €4,306 | €9,832 | +€5,526 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €4,306 | €9,832 | +€5,526 | +128% |
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 17 October 2026 via checked.be.